VEON · NASDAQ · Telecommunications Services

VEON (ADR)

Runs telecom networks and digital platforms across five frontier markets.

$61.12
After-hours close+0.18 (+0.29%)
At close$60.94(+0.89%)
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Profile

VEON Ltd.VEONCommunication Services

Sells mobile voice and data, fixed broadband, and internet services through Jazz, Kyivstar, Banglalink, and Beeline. Digital financial services, content, ride-hailing, healthcare, cloud computing, and other value-added offerings supplement connectivity across its five-market footprint.

Operates mobile voice and data, fixed broadband, and internet services through Jazz, Kyivstar, Banglalink, and Beeline. Connectivity and infrastructure services can be sold separately or in bundles.

Digital financial services, content streaming, ride-hailing, digital healthcare, cloud computing, and other value-added services extend the telecom offer. The current portfolio spans Pakistan, Ukraine, Bangladesh, Kazakhstan, and Uzbekistan after the completed exit from Russia.

Execution is tied to local telecom regulation, network resilience, and conditions in each operating market. Its footprint includes Ukraine, where Kyivstar experienced a widespread external cyberattack that disrupted services.

Company facts

CEOKaan Terzioğlu
ListedNov 15, 1996
ExchangeNASDAQ
HeadquartersDubai, United Arab Emirates
CountryNetherlands
Employees18,953
CIK0001468091
ISINUS91822M5022

Key statistics

Market cap$4.21B
EPS (ttm)$0.6400
P/E (ttm)95.06
ROE4.1%
P/B2.80
P/S0.8822
Dividend yield
Beta1.03vs XLC 0.33

Year to date +15.6% · Average volume (30d) 84.6K

Analysts

Price target, next 12 months$72.00+18.3%Median of 13 analysts · vs the Aug 28 close
ConsensusBuy10 of 13 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionTarget
Jun 9, 2026Northland SecuritiesTarget$70
Apr 16, 2026Redburn PartnersTarget$74

Earnings

EPS

Estimate$1.61
ReportedDue Nov 11, 2026

Revenue

Estimate$1.30B
ReportedDue Nov 11, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Jul 31, 2026Q2 FY26$1.59$1.69+6.3%$1.23B$1.27B+3.4%−0.95%
May 13, 2026Q1 FY26$0.99$1.39+40.4%$1.17B$1.20B+2.3%−5.22%
Mar 13, 2026Q4 FY25$1.33−$0.39−129.3%$1.12B$1.17B+4.8%−0.20%
Nov 10, 2025Q3 FY25$1.21$1.14−5.8%$1.12B$1.12B−0.7%−3.76%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.03B$1.09B$1.12B$1.18B$1.21B$1.27B
Gross profit$897.0M$983.0M$982.0M$815.3M$844.7M$1.10B
Operating income$239.0M$820.0M$59.0M$319.3M$309.4M$327.0M
Net income$99.0M$595.0M−$131.0M−$31.3M$99.4M$122.0M
Diluted EPS$1.41$8.50−$1.91−$0.59$1.39$1.75
Gross margin87.4%90.4%88.1%68.9%70.0%86.5%
Operating margin23.3%75.4%5.3%27.0%25.6%25.7%

Fiscal years (4-quarter sums)FY21 $7.79B · FY22 $3.76B · FY23 $3.70B · FY24 $4.00B · FY25 $4.41B

Revenue by product · FY25

Digital Financial Services$425.0M · 56%
Other Digital$337.0M · 44%

Balance sheet, Jun 30, 2026Cash & short-term investments $2.69B · Total debt $5.85B · Total assets $10.27B · Shareholders' equity $1.51B

Dividends

No dividends on record.

Ownership

Institutions 22.81%Insiders

Shares outstanding 69.24M · Float 16.87M · 24.4% free float

Insiders — filings are in the shares behind the receipt.

This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Exor Capital LLP5.27M7.60%13FJul 29, 2026
Shah Capital Management4.67M6.74%13FAug 14, 2026
Solus Alternative Asset Management LP887.0K1.28%13FAug 14, 2026
Wellington Management Group LLP779.1K1.13%13FAug 14, 2026
Morgan Stanley747.9K1.08%13FAug 13, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 7, 2026Augie K. II Fabeladirector+5,000$56.02
Aug 6, 2026Augie K. II Fabeladirector+15,000$56.00
View details

Peers

  • GreenPower Motor

    Bangladesh's largest mobile operator, overlapping in connectivity and apps

  • PTC

    Integrated Pakistan operator spanning Ufone, broadband, and payments

CompareAfter-hours close

CompanyPriceChange
VEON (ADR)$61.12+0.29%$4.21B95.10.9+16.9%
GreenPower Motor$1.26+0.32%$3.8M3.30.2−71.7%
PTC$156.40−0.53%$18.15B15.218.76.1−6.8%
Median9.218.73.2−39.2%