Vodafone Group plc Sponsored ADR (VOD) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 16	—	$0.06	—	—	—	—
Q2 16	—	$0.13	—	—	—	—
Q1 16	—	$0.06	—	—	—	—
Q4 15	—	$0.09	—	—	—	—
Q3 15	—	$3.69	—	—	—	—
Q2 15	—	$0.04	—	—	—	—
Q4 04	$1.12	$1.19	+6.2%	—	$14.5B	—
Q2 04	$0.99	$1.26	+27.3%	—	$8.3B	—
Q4 03	$0.8	$0.89	+11.2%	—	$9.9B	—
Q2 03	$0.78	$0.94	+20.5%	—	$12.2B	—
Q1 99	$0.49	$0.54	+10.2%	—	—	—
Q0 99	$0.43	$0.44	+2.3%	—	$1.1B	—
Q1 98	$0.36	$0.39	+8.3%	—	—	—
Q0 98	$0.37	$0.31	-16.2%	—	$835.3M	—
Q0 97	$0.19	$0.32	+68.4%	—	$456.9M	—
Q0 95	$0.23	$0.23	0.0%	—	$268.6M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	-$0.17	—	—	$40.5B	—
FY25	—	-$1.59	—	—	$37.4B	—
FY24	—	$0.42	—	—	$36.7B	—
FY23	—	$4.28	—	—	$43.6B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$47.6B	$46.6B	$43.7B	$45B	$43.8B	$37B	$43.6B	$36.7B	$37.4B	$40.5B
YoY change	-4.37%	-2.23%	-6.24%	+3%	-2.59%	-15.5%	+17.7%	-15.7%	+1.99%	+8.05%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	47.6B	46.6B	43.7B	45B	43.8B	37B	43.6B	36.7B	37.4B	40.5B
Cost of revenue	34.6B	32.8B	30.2B	30.7B	30.1B	23.9B	28.2B	24.5B	24.9B	27.7B
Gross profit	13.1B	13.8B	13.5B	14.3B	13.7B	13.1B	15.4B	12.3B	12.5B	12.7B
Gross margin	27.4%	29.6%	30.9%	31.8%	31.3%	35.3%	35.3%	33.4%	33.4%	31.5%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	9.8B	9.1B	9.3B	9.6B	8.9B	7.6B	9.4B	8.4B	8.4B	9B
Operating expenses	9.4B	9.4B	10B	6B	9.5B	7.7B	10B	8.9B	8.4B	9B
Operating income	3.7B	4.4B	3.5B	8.3B	4.8B	5.4B	6B	3.8B	4.1B	3.7B
Operating margin	7.72%	9.36%	7.97%	18.4%	10.9%	14.5%	13.8%	10.4%	11%	9.25%
Non-operating income, net	473M	—	—	—	—	—	—	—	—	—
Pretax income	2.8B	3.9B	-2.6B	795M	4.3B	4.1B	15.1B	1.6B	-1.5B	1.9B
Income tax	4.8B	-879M	1.5B	1.3B	3.9B	1.6B	569.1M	50M	2.2B	1.8B
Net income	-6.1B	2.8B	-7.6B	-455M	483M	2.8B	14.3B	1.5B	-3.7B	-49M
Net margin	-12.8%	5.99%	-17.5%	-1.01%	1.1%	7.49%	32.7%	4.1%	-10%	-0.12%
EBITDA	15.3B	15.3B	9.1B	20.3B	19.9B	16.3B	40.5B	14.8B	10.7B	16.3B
EPS	-2.25	0.88	-2.9	-0.31	0.02	0.77	4.28	0.42	-1.59	-0.17
Diluted EPS	-2.25	0.88	-2.9	-0.31	0.02	0.77	4.26	0.42	-1.59	-0.17

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 09	Q2 09	Q2 10	Q2 11	Q2 12	Q2 13	Q2 14	Q2 15	Q2 16	Q2 17	Q2 18	Q2 19
Revenue	12.6B	12.6B	—	—	—	—	—	—	—	—	—	—
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	—	—	—
Operating income	12.6B	-7.5B	—	—	—	—	—	—	—	—	—	—
Operating margin	100%	-59.8%	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	-8.5M	—	—	—	—	—	—	—	—	—	—
Pretax income	—	—	—	—	—	—	—	—	—	—	—	—
Income tax	—	—	—	—	—	—	—	—	—	—	—	—
Net income	1.4B	1.4B	—	—	—	—	—	—	—	—	—	—
Net margin	10.8%	11%	—	—	—	—	—	—	—	—	—	—
EBITDA	12.6B	-6.8B	—	—	—	—	—	—	—	—	—	—
EPS	0.47	—	0	0	0	0	0	0	0	0	0	0
Diluted EPS	0.47	—	0	0	0	0	0	0	0	0	0	0

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	71.3B	74.6B	48.4B	39.1B	52.6B	48.2B	—	—	24.5B	36.1B	36.1B
Enterprise value	104.1B	102.5B	76.1B	90.7B	107.6B	100.7B	—	—	62.2B	76.4B	76.4B
Shares outstanding	2.7B	2.7B	2.7B	2.8B	2.9B	2.9B	3.2B	2.7B	2.6B	2.4B	2.4B

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	—	26.7	—	—	109	17.4	—	—	—	—	—
P/S	1.5	1.6	1.11	0.87	1.2	1.3	—	—	0.65	0.89	0.89
P/B	0.97	1.09	0.76	0.62	0.91	0.84	—	—	0.45	0.66	0.66
EV/EBITDA	6.82	6.68	8.39	4.47	5.4	6.18	—	—	5.8	4.69	4.69
EV/Sales	2.19	2.2	1.74	2.02	2.46	2.72	—	—	1.66	1.89	1.89
Earnings yield	—	3.74%	—	—	0.92%	5.75%	—	—	—	—	—
FCF yield	7.52%	7.29%	9.97%	25%	16.3%	23.1%	—	—	35.4%	19.3%	19.3%

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	27.4%	29.6%	30.9%	31.8%	31.3%	35.3%	35.3%	33.4%	33.4%	31.5%	31.5%
Operating margin	7.72%	9.36%	7.97%	18.4%	10.9%	14.5%	13.8%	10.4%	11%	9.25%	9.25%
Net margin	-12.8%	5.99%	-17.5%	-1.01%	1.1%	7.49%	32.7%	4.1%	-10%	-0.12%	-0.12%
ROE	-8.25%	4.06%	-12%	-0.73%	0.84%	4.86%	19.1%	2.47%	-6.95%	-0.09%	-0.09%
ROA	-3.93%	1.91%	-5.35%	-0.27%	0.31%	1.8%	7.93%	1.04%	-2.91%	-0.04%	-0.04%
ROIC	0%	4.51%	3.82%	0%	0.47%	3.05%	4.45%	3.39%	4.52%	0.13%	0.13%
Return on tangible assets	-9.77%	4.72%	-12.6%	-0.76%	1.01%	5.83%	20.2%	2.26%	-6.08%	-0.09%	-0.09%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.01	0.97	1.55	0.98	0.98	0.82	0.94	1.35	1.26	1.14	1.14
Quick ratio	0.99	0.96	1.52	0.97	0.96	0.79	0.91	1.33	1.23	1.11	1.11
Debt / equity	0.63	0.6	0.83	1.11	1.16	1.18	1.03	0.93	0.99	0.97	0.97
Debt / assets	0.3	0.28	0.37	0.41	0.43	0.44	0.43	0.39	0.41	0.41	0.41
Net debt / EBITDA	2.15	1.82	3.05	2.54	2.76	3.22	1.36	3.25	3.51	2.48	2.48
Interest coverage	2.63	4.23	-0.62	1.31	2.7	2.81	6.32	1.59	0.35	1.76	1.76
Effective tax rate	100%	0%	0%	100%	88.9%	37.6%	3.76%	3.09%	0%	96.8%	96.8%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	17.6	17.4	16.4	15.8	15.3	12.8	13.6	13.6	14.3	16.8	16.8
EPS (basic)	-2.25	0.88	-2.9	-0.31	0.02	0.77	4.28	0.42	-1.59	-0.17	-0.17
EPS (diluted)	-2.25	0.88	-2.9	-0.31	0.02	0.77	4.26	0.42	-1.59	-0.17	-0.17
Book value per share	27.3	25.6	23.8	22.1	20.2	19.7	23.3	22.5	20.6	22.6	22.6
FCF per share	1.99	2.03	1.81	3.44	3	3.85	3.72	3.58	3.32	2.9	2.9
Cash per share	5.12	5.03	9.48	6.36	4.16	5.08	6.76	3.29	5.92	5.13	5.13
Capex per share	2.31	1.82	1.88	1.8	1.88	1.56	1.76	—	—	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	13.1%	10.5%	11.5%	11.4%	12.3%	12.2%	12.9%	—	—	—	—
Capex / operating cash flow	-569%	105.2%	-200.7%	-508%	202.7%	126.9%	108.6%	—	—	—	—
Payout ratio	-61.1%	140.6%	-53.2%	-504.6%	502.5%	89.2%	20.1%	161.5%	-47.7%	-2.2K%	-2.2K%
Dividend yield	5.21%	5.26%	8.39%	5.87%	4.61%	5.13%	—	—	7.29%	3.03%	3.03%

Yield

—

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.2766

ex-dividend Jun 5, 2026

Payout ratio

-2231%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 5, 2026	$0.2766
Nov 24, 2025	$0.2567
Jun 6, 2025	$0.253

Period	Q1 09	Q2 09	Q2 10	Q2 11	Q2 12	Q2 13	Q2 14	Q2 15	Q2 16	Q2 17	Q2 18	Q2 19
Revenue	$12.6B	$12.6B	—	—	—	—	—	—	—	—	—	—
YoY change	+0.03%	+7.09%	—	—	—	—	—	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	13.8B	13.5B	25.3B	18.1B	11.9B	14.7B	21.7B	8.9B	15.5B	12.3B
Receivables	5B	5B	4.7B	4.4B	4.1B	4.1B	12.4B	3.3B	3.7B	4.3B
Inventory	576M	581M	714M	598M	676M	836M	1.1B	568M	617M	596M
Total current assets	42.7B	38B	39.6B	32.8B	28.3B	27.6B	35.5B	39.6B	28.6B	27.3B
Property, plant & equipment	32.5B	28.3B	27.4B	40.1B	41.2B	40.8B	43.9B	28.5B	30.7B	34.2B
Goodwill & intangibles	92.4B	86.5B	82B	108B	107.1B	106.5B	109.2B	77.7B	66.9B	72.6B
Total assets	154.7B	145.6B	142.9B	168.2B	155.1B	154B	179.9B	144.3B	128.5B	129.9B
Accounts payable	6.2B	6.2B	6.5B	6.7B	6.7B	7.3B	21.1B	5.6B	6.2B	6.2B
Short-term debt	12.1B	8.5B	4.3B	6.7B	7.5B	9B	14.7B	7.7B	7B	7.1B
Total current liabilities	42.4B	39B	25.5B	33.4B	28.7B	33.6B	37.7B	29.3B	22.8B	24B
Long-term debt	34.5B	32.9B	48.7B	62.9B	59.3B	58.1B	62.1B	49.3B	46.1B	45.5B
Total liabilities	81B	77B	79.4B	105.5B	97.2B	97B	105.3B	83.4B	74.6B	75.6B
Shareholders' equity	73.7B	68.6B	63.4B	62.6B	57.8B	57.1B	74.6B	61B	53.9B	54.4B
Total debt	46.6B	41.4B	53B	69.6B	66.8B	67.2B	76.8B	57B	53.1B	52.6B
Net debt	38.9B	36.7B	40.7B	57.5B	61B	59.7B	63.2B	52.4B	44.1B	45.9B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 08	Q2 09	Q2 10	Q2 11	Q2 12	Q2 13	Q2 14	Q2 15	Q2 16	Q2 17	Q2 18	Q2 19
Cash & short-term investments	2.1B	1.4B	4.1B	11.2B	8.9B	9.6B	12B	12B	8B	13.6B	12.2B	17.9B
Receivables	4.5B	8.5B	9B	10.3B	16.2B	12.1B	9.8B	11B	11.5B	11.8B	10.6B	13.4B
Inventory	524M	596.4M	583.6M	663M	666M	715.2M	620.6M	668.1M	773.1M	681M	639M	777M
Total current assets	11B	10.5B	13.8B	22.4B	27B	23.4B	65.7B	24.6B	21.1B	31.3B	26.1B	32.2B
Property, plant & equipment	21B	21.1B	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	176.7B	175.6B	169.8B	171.1B	147.7B	127.5B	99B	117.4B	125B	103.7B	89.8B	79.5B
Total assets	159.9B	163.8B	169.2B	183.5B	168.5B	164.6B	174.3B	158.3B	162.2B	156.3B	147.1B	133.7B
Accounts payable	3.7B	15.3B	14.8B	—	16.4B	17.4B	14.3B	18.9B	18.7B	17.4B	16.2B	15.7B
Short-term debt	5.7B	7.3B	7.8B	13.3B	7.8B	9.8B	13.3B	11.6B	15.9B	14B	12B	5.5B
Total current liabilities	27.6B	29.8B	28.1B	34.3B	27.2B	31.7B	39.4B	34.3B	38.2B	35.1B	33.2B	24.6B
Long-term debt	28.5B	30B	36.1B	36.6B	33.6B	33.7B	26.3B	28.4B	31.9B	39.6B	32.2B	42.7B
Total liabilities	63.8B	68.4B	73.3B	78.6B	70.6B	76B	73.6B	66.2B	75.3B	80.8B	77.4B	72.3B
Shareholders' equity	96.1B	95.4B	95.9B	104.9B	97.9B	88.6B	100.7B	92B	86.9B	75.5B	69.7B	61.4B
Total debt	34.2B	37.3B	43.9B	49.9B	41.5B	43.5B	39.6B	40B	47.8B	53.6B	44.2B	48.2B
Net debt	32B	35.9B	39.8B	39.3B	33.5B	38.1B	32.9B	32.4B	42.1B	45B	38.8B	41.2B

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	-2B	4.8B	-4.1B	-455M	483M	2.6B	14.6B	1.6B	-3.7B	59M
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	95M	128M	147M	146M	146M	165M	67.1M	98M	68M	11M
Change in working capital	425M	-1.1B	-162M	30M	514M	-800M	-756.4M	-420M	-640M	-139M
Operating cash flow	-1.1B	4.6B	-2.5B	-1B	2.6B	3.6B	5.2B	16.6B	15.4B	14.3B
Capital expenditure	-6.2B	-4.9B	-5B	-5.1B	-5.4B	-4.5B	-5.6B	—	—	—
Investing cash flow	-6.7B	-7.5B	-7.2B	-6.5B	-7B	-5.4B	1.7B	-261M	10.4B	1.5B
Dividends paid	-3.7B	-3.9B	-4.1B	-2.3B	-2.4B	-2.5B	-2.9B	-2.4B	-1.8B	-1.1B
Share repurchases	0	-1.8B	-475M	-821M	-62M	-2.1B	-2.2B	0	-1.9B	-2B
Financing cash flow	-7.4B	-5.9B	6.3B	-6.7B	-12.7B	-7.4B	-13B	-13.4B	-12.3B	-9.3B
Net change in cash	-15.2B	-8.8B	-3.4B	-14.2B	-17B	-9.2B	-6.1B	2.9B	13.4B	6.5B
Free cash flow	5.4B	5.4B	4.8B	9.8B	8.6B	11.2B	11.9B	9.7B	8.7B	7B

Date	Ratio
Feb 24, 2014	4905:5000
Jul 31, 2006	7:8
Oct 4, 1999	5:1
Jul 25, 1994	3:1

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Split history

Vodafone Group plc Sponsored ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Split history