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StockVS

NASDAQ · Telecom Services · USD

VEON Ltd. (VEON) Stock Analysis

VEON Ltd. (VEON) is a Telecom Services stock listed on NASDAQ and quoted in US Dollar.

VEON

$64.21

−$2.04 (−3.08%)

Sep 4, 2026 · Market close

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Price History

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VEON Key Statistics

As of Sep 4, 2026
Trading
Open
$66.42
Previous Close
$66.25
Day's Range
63.67–67.36
52-Week Range
42.60–67.36
Volume
173.00K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.63
Valuation
Market Cap
$4.42B
P/E Ratio
64.21
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
7.76
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
2.23
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
0.93
EPS (ttm)Profit attributable to each share over the last twelve months.
1.00
Financials (FY)
Revenue (FY)
$4.40B+9.87%
Net Income (FY)
$532.00M+28.19%
Profit marginThe share of revenue left as profit after all costs and taxes.
1.24%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
68.86M
1-Year Return
+10.99%
Dividend and dates
Earnings Date
November 6, 2026
Avg Volume
85.93K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

VEON Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+22.14%
2025+31.10%
2024+103.55%
2023+60.82%
2022−71.35%
2021+13.25%
2020−36.03%
2019+21.70%
2018−35.43%
2017+7.64%
2016 (partial year)−10.96%

As of September 4, 2026.

VEON Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$4.40B$532.00M12.1%
2024$4.00B$415.00M10.4%
2023$3.70B−$2.53B−68.4%
2022$3.76B−$162.00M−4.3%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$4.40B$3.87B$1.07B$532.00M12.1%
2024$4.00B$3.49B$983.00M$415.00M10.4%
2023$3.70B$3.26B$891.00M−$2.53B−68.4%
2022$3.76B$3.28B$997.00M−$162.00M−4.3%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

VEON Valuation vs Telecom Services Median

Median of 63 stocks
MetricVEONTelecom Services medianvs median
P/E64.2113.064.9x the median
P/S ratio0.930.868% above
Profit margin1.24%−0.09%1.3 pts above

Medians across 63 Telecom Services stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 7 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values VEON Ltd. (VEON) at $4.42B. The company sits in the Communication Services sector, in the Telecom Services industry. Headcount on file is 18,938.

The 52-week range on file runs from $42.60 to $67.36. VEON last closed at $64.21 on September 4, 2026. That is −$2.04 (−3.08%) against the previous close. The latest close sits 50.73% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $4.40B. That is +9.87% against the prior fiscal year, when revenue was $4.00B. The same year closed with net income of $532.00M. That is +28.19% against the prior fiscal year. Profit margin runs at 1.24%. That is 1.3 percentage points above the Telecom Services median of −0.09%. Trailing earnings per share are 1.

Across the 4 fiscal years on file, revenue moves from $3.76B in 2022 to $4.40B in 2025. Of those 4 years, 2 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 64.21 times earnings. That is 4.9 times the Telecom Services median of 13.06. On forward earnings the ratio is 7.76. The PEG ratio, which sets the P/E against expected earnings growth, reads 2.23. The price-to-sales ratio is 0.93. On price-to-sales that is 8.04% above the Telecom Services median of 0.86. The medians here are taken across 63 Telecom Services companies that report the metric.

Over the trailing twelve months the price has returned +10.99%. Across 10 years the annualized return works out at −1.93%. Beta against the wider market is reported at 1.63. Daily returns over the trailing 10 years annualize to a volatility of 56.31%.

Growth & Income

The record shows no dividend for VEON.

2026 is still running; the price is +22.14% year to date. Across the complete calendar years on file, 2024 returned +103.55% and 2022 returned −71.35%. Of the 9 complete calendar years on file, 6 finished higher.

Peer Comparison

VEON Ltd. (VEON) operates in the Telecom Services industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
VEON Ltd. VEON $4.42B 64.2
Verizon Communications Inc. VZ $208.32B 13.1
T-Mobile US, Inc. TMUS $194.71B 19.0
AT&T Inc. T $175.97B 8.7

The Telecom Services industry average P/E ratio is 13.1x. VEON Ltd. trades at a P/E of 64.2.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About VEON Ltd.

VEON Ltd. provides telecommunications and digital services in Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. The company offers mobile telecommunications services under prepaid and postpaid subscriptions, including value-added and call completion services, national and international roaming services, wireless Internet access, mobile financial services, and mobile bundles; fixed-line telecommunications using fiber optic networks; cross-border transmission services; prepaid scratch cards and electronic recharge options; mobile services on 2G, 3G, and 4G/LTE networks; cloud solutions, including consumer storage apps; local, long-distance, and international voice services; and customer support through contact centers. It also provides FikrFree, a digital insurance marketplace; Tamasha, a video streaming app; ROX, a digital lifestyle brand; Garaj, a cloud platform; ApnaClinic and Helsi digital healthcare platforms; SIMOSA, ZARR, and RYZE lifestyle platforms; Kyivstar TV, a media streaming service; My Kyivstar, a self-service application; Uklon, a ride-hailing and delivery platform; Adwisor, an adtech platform; Simply, a mobile-only neobank; BeeTV, an entertainment platform; Hitter and riitm music streaming platforms; MyBL, Janymda, and Hambi super-apps; AI tutor, an AI-powered learning assistant; Toffee, an infotainment platform; BCloud, a digital infrastructure solution; Beepul, a financial services solution; KINOM, a digital entertainment platform; BeeMarket, an electronics and home appliance marketplace; Hambi Davo, a suite of digital health services; and OQ, a digital platform. The company distributes its products and services through a direct sales force, franchises, third-party retailers, distributors, supermarkets, stores, chains, online, offices, and other channels. The company was formerly known as VimpelCom Ltd. and changed its name to VEON Ltd. in March 2017. VEON Ltd. was founded in 1992 and is headquartered in Dubai, the United Arab Emirates.

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