Financials · VOD

Vodafone Group Plc (VOD) financials

For fiscal 2026 (ended Mar 31, 2026), Vodafone Group Plc reported €40.46B of revenue and -€397.00M of net income. Figures are in EUR, the currency of its SEC filings.

Revenue, FY2026
€40.46B
Revenue growth, YoY
+8.0%
Net income, FY2026
-€397.00M
Net margin
-1.0%
Free cash flow, FY2026
€9.42B
EPS, diluted, FY2026
-€0.02
Cash
€8.98B
Total debt
€52.64B
Annual revenue€40.46B
FY2017FY2026
Annual net income-€397.00M
FY2017FY2026
Annual free cash flow€9.42B
FY2017FY2026

VOD revenue and earnings growth

VOD revenueFY2026€40.46B

FY YoY
+8.0%
5Y CAGR
-1.6%
10Y CAGR
-2.1%

VOD revenue was €40.46B for fiscal 2026 (ended Mar 31, 2026), up 8.0% from fiscal 2025. Compound annual growth was -1.6% over 5 years and -2.1% over 10 years. It rose in 4 of the last 10 fiscal years.

VOD net incomeFY2026-€397.00M

VOD net income was -€397.00M for fiscal 2026 (ended Mar 31, 2026), compared with -€4.17B in fiscal 2025.

VOD EPSFY2026-€0.02

VOD diluted EPS was -€0.02 for fiscal 2026 (ended Mar 31, 2026), compared with -€0.16 in fiscal 2025.

VOD free cash flowFY2026€9.42B

FY YoY
-14.7%
5Y CAGR
-4.4%
10Y CAGR
+4.5%

VOD free cash flow was €9.42B for fiscal 2026 (ended Mar 31, 2026), down 14.7% from fiscal 2025. Compound annual growth was -4.4% over 5 years and +4.5% over 10 years. It rose in 4 of the last 10 fiscal years.

Income statement

Income statement
Line item
Mar 31, 2026
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Mar 31, 2021
Mar 31, 2020
Mar 31, 2019
Mar 31, 2018
Mar 31, 2017
Revenue€40.46B€37.45B€36.72B€37.67B€37.01B€43.81B€44.97B€43.67B€46.57B€47.63B
Cost of revenue€27.73B€24.93B€24.46B€24.36B€23.95B€30.09B€30.68B€30.16B€32.77B€34.58B
Gross profit€12.73B€12.52B€12.26B€13.31B€13.06B€13.72B€14.29B€13.51B€13.80B€13.05B
Selling, general and admin€5.84B€5.45B€5.77B€5.35B€4.80B€5.35B€5.81B€5.41B€5.64B€6.08B
Operating income€2.84B-€411.00M€3.67B€14.45B€5.74B€5.13B€4.10B-€951.00M€4.30B€3.73B
Interest expense€2.38B€1.93B€2.63B€1.61B€1.84B€1.03B€3.55B€2.09B€1.07B€1.41B
Pre-tax income€1.86B-€1.48B€1.62B€13.07B€4.15B€4.35B€795.00M-€2.61B€3.88B€2.79B
Income tax€1.80B€2.25B€50.00M€492.00M€1.56B€3.86B€1.25B€1.50B-€879.00M€4.76B
Net income-€397.00M-€4.17B€1.14B€11.84B€2.24B€59.00M-€920.00M-€8.02B€2.44B-€6.30B
EPS, basic-€0.02-€0.16€0.04€0.43€0.08€0.00-€0.03-€29.05€0.09-€0.23
EPS, diluted-€0.02-€0.16€0.04€0.43€0.08€0.00-€0.03-€29.05€0.09-€0.23
Diluted shares24.03B26.15B27.15B27.77B29.11B29.68B29.42B27.61B27.86B27.97B

Balance sheet

Balance sheet
Line item
Mar 31, 2026
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Mar 31, 2021
Mar 31, 2020
Mar 31, 2019
Mar 31, 2018
Mar 31, 2017
Cash and equivalents€8.98B€11.00B€6.18B€11.71B€7.50B€5.82B€13.56B€13.64B€4.67B€8.84B
Receivables€10.58B€9.40B€8.59B€10.71B€11.02B€10.92B€11.72B€12.19B€9.97B€9.86B
Inventory€596.00M€617.00M€568.00M€956.00M€836.00M€676.00M€598.00M€714.00M€581.00M€576.00M
Current assets---€30.66B€27.58B€27.01B€33.25B€39.82B€24.13B€25.54B
Goodwill€21.92B€20.51B€24.96B€27.61B€31.88B€31.73B€31.38B€23.35B€26.73B€26.81B
Total assets€129.92B€128.52B€144.35B€155.52B€154.05B€155.06B€168.17B€142.86B€145.61B€154.68B
Current liabilities---€34.58B€33.65B€28.71B€33.38B€25.52B€28.02B€30.59B
Short-term debt€7.13B€7.05B€7.73B€12.71B€11.96B-----
Long-term debt€45.51B€46.10B€49.26B€53.68B€58.13B€59.27B€62.95B€48.69B€32.91B€34.52B
Total debt€52.64B€53.14B€56.99B€66.39B€70.09B€59.27B€62.95B€48.69B€32.91B€34.52B
Total liabilities€75.55B€74.61B€83.35B€91.04B€96.41B€97.30B€105.54B€79.67B€77.00B€80.97B
Shareholders' equity€50.63B€52.74B€61.00B€64.48B€57.64B€57.77B€62.63B€63.19B€67.64B€72.20B

Cash flow

Cash flow
Line item
Mar 31, 2026
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Mar 31, 2021
Mar 31, 2020
Mar 31, 2019
Mar 31, 2018
Mar 31, 2017
Operating cash flow€14.29B€15.37B€16.56B€18.05B€18.08B€17.21B€17.38B€12.98B€13.60B€14.22B
Capital expenditures€4.87B€4.32B€4.22B€4.96B€4.55B€5.41B€5.18B€5.05B€4.92B€6.29B
Free cash flow€9.42B€11.05B€12.34B€13.10B€13.53B€11.80B€12.20B€7.93B€8.68B€7.94B
Investing cash flow-€4.24B€4.76B-€6.12B-€379.00M-€6.87B-€9.26B-€8.09B-€9.22B-€9.84B-€8.42B
Financing cash flow-€11.81B-€15.28B-€15.86B-€13.43B-€9.71B-€15.20B-€9.35B€4.44B-€7.23B-€9.10B
Share repurchases€2.04B€1.87B€0€1.87B€2.09B€62.00M€821.00M€475.00M€1.77B-
Stock-based compensation--------€128.00M€95.00M
Depreciation and amortization€12.45B€10.80B€10.41B€10.26B€10.42B€14.10B€14.17B€9.79B€10.41B€11.09B

Key ratios

Key ratios
Line item
Mar 31, 2026
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Mar 31, 2021
Mar 31, 2020
Mar 31, 2019
Mar 31, 2018
Mar 31, 2017
Revenue growth, YoY8.0%2.0%-2.5%1.8%-15.5%-2.6%3.0%-6.2%-2.2%-4.4%
Net income growth, YoY---90.4%429.2%3691.5%-----
EPS growth, YoY---90.1%454.9%3740.0%-----
Gross margin31.5%33.4%33.4%35.3%35.3%31.3%31.8%30.9%29.6%27.4%
Operating margin7.0%-1.1%10.0%38.4%15.5%11.7%9.1%-2.2%9.2%7.8%
Net margin-1.0%-11.1%3.1%31.4%6.0%0.1%-2.0%-18.4%5.2%-13.2%
Free cash flow margin23.3%29.5%33.6%34.8%36.6%26.9%27.1%18.2%18.6%16.7%
Return on equity-0.8%-7.9%1.9%18.4%3.9%0.1%-1.5%-12.7%3.6%-8.7%
Return on assets-0.3%-3.2%0.8%7.6%1.5%0.0%-0.5%-5.6%1.7%-4.1%
Current ratio---0.890.820.941.001.560.860.83
Debt to equity1.041.010.931.031.221.031.010.770.490.48

Source: XBRL data Vodafone Group Plc files with the SEC, latest filing dated May 22, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

VOD peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
VOD€40.46B+8.0%-€397.00M-1.0%$36.91B
VZ$139.39B+1.4%$16.42B11.8%$191.15B
TMUS$93.82B+9.3%$11.30B12.0%$170.11B
T$128.85B+3.5%$13.13B10.2%$146.99B
GLW$17.72B+18.8%$2.24B12.6%$89.09B
AMXMXN 943.64B+8.6%MXN 82.82B8.8%$75.57B
LITE$3.74B+103.2%-$6.58B-175.8%$46.23B
CHTNT$236.11B+2.7%NT$38.70B16.4%$37.90B
CIEN$6.02B+32.6%$654.41M10.9%$32.73B

VOD FAQ

9 questions
  • What is VOD revenue?
    Vodafone Group Plc (VOD) reported €40.46B of revenue for fiscal 2026 (ended Mar 31, 2026). That is up 8.0% from the year before.
  • Is VOD profitable?
    No. Vodafone Group Plc reported a net loss of €397.00M for fiscal 2026 (ended Mar 31, 2026).
  • How much cash and debt does VOD have?
    Vodafone Group Plc reported €8.98B in cash and cash equivalents and €52.64B of debt on its most recent balance sheet in SEC filings.
  • How fast is VOD revenue growing?
    Vodafone Group Plc's revenue changed +8.0% in fiscal 2026, to €40.46B. Its compound annual growth rate was -1.6% over 5 years and -2.1% over 10 years.
  • What is VOD gross margin?
    Vodafone Group Plc's gross profit was €12.73B on €40.46B of revenue for fiscal 2026 (ended Mar 31, 2026), a gross margin of 31.5%.
  • What is VOD free cash flow?
    Vodafone Group Plc generated €9.42B of free cash flow for fiscal 2026 (ended Mar 31, 2026), which is operating cash flow of €14.29B less capital expenditures.
  • What is VOD earnings per share?
    Diluted earnings per share were -€0.02 for fiscal 2026 (ended Mar 31, 2026), from SEC filings, restated for any stock split those filings show.
  • When did VOD last report financial results?
    The latest statements here come from Vodafone Group Plc's 20-F filed on May 22, 2026, covering the period ended Mar 31, 2026.
  • Where does this VOD financial data come from?
    Quantisnow builds these statements from the structured XBRL data Vodafone Group Plc files with the SEC. It is provided for information only and is not investment advice.