Turkcell (ADR)
Connects Türkiye through mobile, fixed, TV and digital services.
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Profile
Provides mobile, fixed-network, TV and digital services to consumer and enterprise customers in Türkiye. The NYSE-listed ADR represents a company whose control structure changed when Türkiye Wealth Fund gained effective board control in 2020.
Runs mobile and fixed networks alongside TV, voice, data and value-added digital services for consumer and enterprise customers. The core market is Türkiye, where the company launched the country's GSM era and later developed a converged telecommunications and technology-services profile.
The business extends beyond traditional mobile connectivity through digital infrastructure and services. LTE rollout, network virtualisation and the Unified Telco Cloud reflect a shift toward software-defined delivery; the 2019 strategy also set an IT-services role alongside telecommunications.
TKC is a sponsored NYSE Level II ADR backed by ordinary shares that trade in Türkiye. Since 2020, Türkiye Wealth Fund has held effective board control through privileged shares, making the control structure a continuing feature of the listed company.
Company facts
Categories
Key statistics
Year to date −3.4% · Average volume (30d) 2.2M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | — | $0.13 | — | $1.50B | $1.50B | −0.4% | −0.55% |
| May 11, 2026Q1 FY26 | — | $0.11 | — | $1.49B | $1.51B | +0.7% | −5.49% |
| Mar 5, 2026Q4 FY25 | — | $0.10 | — | $1.43B | $1.84B | +28.8% | −1.46% |
| Nov 6, 2025Q3 FY25 | — | $0.15 | — | $1.47B | $1.43B | −2.9% | −3.49% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $994.1M | $1.10B | $1.23B | $34.5M | $1.42B | $1.53B | |
| Gross profit | $282.4M | $299.3M | $360.9M | $9.7M | $379.7M | $388.0M | |
| Operating income | $160.9M | $178.7M | $203.5M | $5.4M | $223.8M | $201.5M | |
| Net income | $63.9M | $87.1M | $111.9M | $2.0M | $96.1M | $111.6M | |
| Diluted EPS | $0.07 | $0.10 | $0.13 | $0.11 | $0.11 | $0.13 | |
| Gross margin | 28.4% | 27.2% | 29.2% | 28.2% | 26.8% | 25.4% | |
| Operating margin | 16.2% | 16.3% | 16.5% | 15.7% | 15.8% | 13.2% |
Fiscal years (4-quarter sums)FY21 $744.5M · FY22 $1.12B · FY23 $3.04B · FY24 $3.77B · FY25 $3.36B
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $2.40B · Total debt $4.41B · Total assets $13.72B · Shareholders' equity $6.44B
Dividends
Raised for 3 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Dec 29, 2025 | Dec 29 | Jan 7 | $0.1057 | cut from $0.1146 |
| Jun 23, 2025 | Jun 23 | Jul 1 | $0.1146 | cut from $0.2042 |
| Dec 6, 2024 | Dec 6 | Dec 16 | $0.2042 | raised from $0.0877 |
| Dec 20, 2023 | Dec 21 | Dec 29 | $0.0877 | raised from $0.0796 |
| Jul 26, 2022 | Jul 27 | Aug 3 | $0.0796 | cut from $0.102 |
| Oct 29, 2021 | Nov 1 | Nov 8 | $0.102 |
Ownership
Shares outstanding 870.58M · Float 470.23M · 54.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Morgan Stanley | 11.17M | 1.28% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 6.44M | 0.74% | 13F | Aug 7, 2026 |
| Macquarie Management Holdings, Inc. | 6.21M | 0.71% | 13F | Aug 14, 2026 |
| Two Sigma Investments, LP | 2.19M | 0.25% | 13F | Aug 14, 2026 |
| American Century Companies Inc | 1.90M | 0.22% | 13F | Aug 12, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Vodafone (ADR)
Major Turkish mobile-network rival with consumer and business offers
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Turkcell (ADR) | $5.40 | 0.00% | $4.70B | 11.4 | — | 0.8 | +12.8% |
| Vodafone (ADR) | $16.04 | 0.00% | $36.94B | — | — | 0.8 | +15.9% |
| Median | — | — | 0.8 | +15.9% |