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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.

Last Updated: October 21, 2026

VEON

$82.19

+$1.76 (+2.19%)

Oct 21, 2026 · Market close

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Price History

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VEON Key Statistics

As of Oct 21, 2026
Trading
Open
$80.43
Previous Close
$80.43
Day's Range
80.02–83.78
52-Week Range
42.60–85.27
Volume
199.58K
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.
1.62
Valuation
Market Cap
$5.66B
P/E Ratio
104.04
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
9.79
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.
1.19
EPS (ttm)Profit attributable to each share over the last twelve months.
0.79
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
+59.84%
Dividend and dates
Earnings Date
November 6, 2026
Avg Volume
145.07K

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

Key facts

As of October 21, 2026, VEON closed at $82.19, +59.84% over 1 year.

VEON Ltd. (VEON) has a market capitalization of $5.66B.

In fiscal 2025, VEON reported revenue of $4.40B.

VEON Stock Return by Calendar Year

VEON Ltd. (VEON) 10-year return: what $10,000 became

1 year
$10,000 $15,984
+59.84%
5 years
$10,000 $14,677
+46.77%
10 years
$10,000 $14,279
+42.79%

If you had invested $10,000 in VEON Ltd. (VEON) 10 years ago, at the close on October 21, 2016, it would have been worth $14,279 at the close on October 21, 2026: +42.79% in total, +3.63% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

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

YearReturn
2026 (partial year)+56.34%
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 October 21, 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 Dividend History

$3.75−50.0% vs 2019

Dividends per share, 2020 · 1 payments

YearDividends per sharePaymentsChange
2020$3.751−50.0%
2019$7.502+76.5%
2018$4.251−44.3%
2017$7.632+771.4%
YearDividends per sharePaymentsChange
2020$3.751−50.0%
2019$7.502+76.5%
2018$4.251−44.3%
2017$7.632+771.4%
2016$0.881—

Most recent payment: $3.75 per share, ex-dividend February 26, 2020. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

VEON Valuation vs Telecom Services Median

Median of 55 stocks
MetricVEONTelecom Services medianvs median
P/E104.0411.399.1x the median
P/S ratio1.190.7558% above
Profit margin1.24%2.81%1.6 pts below

Medians across 55 Telecom Services stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

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

Analysis

Data-derived

Company Overview

The market values VEON Ltd. (VEON) at $5.66B. 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 $85.27. VEON last closed at $82.19 on October 21, 2026. That is +$1.76 (+2.19%) against the previous close. The latest close sits 92.93% 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 1.6 percentage points below the Telecom Services median of 2.81%. Trailing earnings per share are 0.79.

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 104.04 times earnings. That is 9.1 times the Telecom Services median of 11.39. On forward earnings the ratio is 9.79. The PEG ratio, which sets the P/E against expected earnings growth, reads 2.23. The price-to-sales ratio is 1.19. On price-to-sales that is 57.6% above the Telecom Services median of 0.75. The medians here are taken across 55 Telecom Services companies that report the metric.

Over the trailing twelve months the total return is +59.84%. Across 10 years the annualized return works out at +3.63%. Beta against the wider market is reported at 1.62. Daily returns over the trailing 10 years annualize to a volatility of 56.21%.

Growth & Income

The latest dividend on file for VEON dates from 2020. Dividends are recorded for 5 calendar years; 2020 shows 1 payments totalling $3.75 a share. The year before, 2019, totalled $7.50 a share.

2026 is still running; the total return is +56.34% 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 $5.66B 104.0
Verizon Communications Inc. VZ $180.98B 11.3
T-Mobile US, Inc. TMUS $164.92B 16.1
AT&T Inc. T $150.14B 7.2

The Telecom Services industry average P/E ratio is 11.4x. VEON Ltd. trades at a P/E of 104.0.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 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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