Telefônica Brasil (ADR)
Connects Brazil through Vivo mobile, fiber and enterprise digital services.
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Profile
Provides mobile service, fiber broadband, corporate data, ICT and digital services, plus devices across Brazil under the Vivo brand. Mobile service is the largest commercial category within a single consolidated operating segment, while Telefónica controls the issuer.
Provides mobile service, fiber broadband, corporate data, ICT and digital services, plus handsets and electronics through the Vivo brand across Brazil.
Operates as a single consolidated segment, with mobile service as the largest commercial category. Growth of the fixed network has been built through GVT, FiBrasil and fiber-to-the-home expansion, while the acquired Oi mobile assets added customers and network resources.
Combines a nationwide mobile platform with a fixed-line heritage rooted in São Paulo. The business depends on regulated spectrum and network infrastructure, Telefónica control, and Anatel obligations that require continued fixed service and further mobile and transport-network deployment.
Company facts
Categories
Key statistics
Year to date −5.5% · Average volume (30d) 1.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | Morgan Stanley | Target | $12 | $14 | ||
| Jul 29, 2026 | Barclays | Target | $15.50 | $16 | ||
| Jul 16, 2026 | Barclays | Reiterate | Equal Weight | $16.50 | $15.50 | |
| May 27, 2026 | Scotiabank | Reiterate | Sector Perform | $10.40 | $15.40 | |
| May 17, 2026 | Goldman Sachs | Target | $13.90 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 27, 2026Q2 FY26 | $0.23 | $0.19 | −17.4% | $3.04B | $3.08B | +1.2% | −6.80% |
| May 11, 2026Q1 FY26 | $0.17 | $0.15 | −11.8% | $2.99B | $3.16B | +5.4% | +0.27% |
| Feb 23, 2026Q4 FY25 | $0.17 | $0.22 | +29.4% | $2.93B | $3.03B | +3.6% | +2.09% |
| Oct 30, 2025Q3 FY25 | $0.19 | $0.22 | +15.8% | $2.88B | $2.80B | −2.6% | −5.62% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.76B | $2.81B | $2.87B | $3.04B | $2.91B | $3.03B | |
| Gross profit | $1.22B | $1.27B | $1.31B | $1.22B | $1.18B | $2.46B | |
| Operating income | $381.3M | $431.2M | $531.9M | $473.7M | $431.2M | $498.9M | |
| Net income | $203.3M | $258.2M | $362.8M | $366.0M | $237.7M | $302.2M | |
| Diluted EPS | $0.12 | $0.16 | $0.23 | $0.23 | $0.15 | $0.19 | |
| Gross margin | 44.2% | 45.2% | 45.5% | 40.0% | 40.6% | 81.3% | |
| Operating margin | 13.8% | 15.3% | 18.5% | 15.6% | 14.8% | 16.5% |
Fiscal years (4-quarter sums)FY21 $8.46B · FY22 $9.23B · FY23 $10.01B · FY24 $10.73B · FY25 $11.49B
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $1.63B · Total debt $3.79B · Total assets $24.77B · Shareholders' equity $12.57B
Dividends
Last cut to $0.042 from $0.0612 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 27, 2026 | Aug 27 | $0.042 | cut from $0.0612 | |
| Jul 28, 2026 | Jul 28 | $0.0612 | raised from $0.0278 | |
| Jun 29, 2026 | Jun 29 | $0.0278 | cut from $0.0748 | |
| May 28, 2026 | May 28 | Jul 21 | $0.0748 | raised from $0.046 |
| May 22, 2026 | May 22 | Jul 21 | $0.3663 | special dividend |
| Apr 28, 2026 | Apr 28 | Jul 21 | $0.046 | raised from $0.0239 |
| Mar 26, 2026 | Mar 26 | $0.0239 | cut from $0.0389 | |
| Feb 24, 2026 | Feb 24 | $0.0389 | cut from $0.044 |
Ownership
Shares outstanding 1.60B · Float 1.60B · 99.8% 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
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Robeco Institutional Asset Management B.V. | 15.41M | 0.96% | 13F | Jul 21, 2026 |
| BlackRock, Inc. | 6.50M | 0.41% | 13F | Aug 7, 2026 |
| Arrowstreet Capital, Limited Partnership | 4.19M | 0.26% | 13F | Aug 13, 2026 |
| Brandes Investment Partners, LP | 3.96M | 0.25% | 13F | Aug 14, 2026 |
| Invesco Ltd. | 3.71M | 0.23% | 13F | Aug 14, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- América Móvil (ADR)
National-scale rival across mobile, broadband, bundles, and enterprise ICT
- TIM (ADR)
National mobile rival with 5G, selective broadband, and B2B overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Telefônica Brasil (ADR) | $11.39 | −0.13% | $18.23B | 14.3 | 13.2 | 1.5 | +14.2% |
| América Móvil (ADR) | $23.43 | +1.01% | $69.56B | 13.2 | 14.1 | 1.2 | +9.8% |
| TIM (ADR) | $17.65 | +0.06% | $8.43B | 10.1 | 11.5 | 1.6 | +12.0% |
| Median | 11.6 | 12.8 | 1.4 | +10.9% |