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TURKCELL ILETISIM HIZMETLERI A S

TKC Clue Score80
Turkey Fiscal year ends December CIK 0001071321
$5.02 -1.95% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $5.02 +18.96% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue14.29Operating income2.18Net income1.49Fiscal year 2017Revenue17.63 +23.4%Operating income2.93Net income1.98 +32.6%Fiscal year 2018Revenue21.29 +20.8%Operating income4.36Net income2.02 +2.1%Fiscal year 2019Revenue25.14 +18.1%Operating income5.03Net income3.25 +60.6%EPS, diluted1.49Fiscal year 2020Revenue69.50 +176.5%Operating income8.99Net income4.50 +38.7%EPS, diluted2.10 +40.9%Fiscal year 2021Revenue108.60 +56.3%Operating income12.10Net income7.14 +58.5%EPS, diluted3.27 +55.7%Fiscal year 2022Revenue93.49 −13.9%Operating income2.95Net income6.88 −3.6%EPS, diluted3.15 −3.7%Fiscal year 2023Revenue107.12 +14.6%Operating income7.81Net income12.55 +82.5%EPS, diluted5.75 +82.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023
Revenue 14.29 17.63 21.29 25.14 69.50 108.60 93.49 107.12
Growth +23.4% +20.8% +18.1% +176.5% +56.3% −13.9% +14.6%
Operating income 2.18 2.93 4.36 5.03 8.99 12.10 2.95 7.81
Net income 1.49 1.98 2.02 3.25 4.50 7.14 6.88 12.55
Growth +32.6% +2.1% +60.6% +38.7% +58.5% −3.6% +82.5%
EPS, diluted n/a n/a n/a 1.49 2.10 3.27 3.15 5.75
Growth +40.9% +55.7% −3.7% +82.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin35.3%Operating margin15.3%Net margin10.4%Free cash flow margin−13.8%Fiscal year 2017Gross margin35.6%Operating margin16.6%Net margin11.2%Free cash flow margin0.9%Fiscal year 2018Gross margin33.6%Operating margin20.5%Net margin9.5%Free cash flow margin13.5%Fiscal year 2019Gross margin32.0%Operating margin20.0%Net margin12.9%Free cash flow margin23.2%Fiscal year 2020Gross margin23.6%Operating margin12.9%Net margin6.5%Free cash flow margin18.0%Fiscal year 2021Gross margin20.7%Operating margin11.1%Net margin6.6%Free cash flow margin40.1%Fiscal year 2022Gross margin12.6%Operating margin3.2%Net margin7.4%Free cash flow margin28.8%Fiscal year 2023Gross margin21.2%Operating margin7.3%Net margin11.7%Free cash flow margin25.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023
Gross margin 35.3% 35.6% 33.6% 32.0% 23.6% 20.7% 12.6% 21.2%
Operating margin 15.3% 16.6% 20.5% 20.0% 12.9% 11.1% 3.2% 7.3%
Net margin 10.4% 11.2% 9.5% 12.9% 6.5% 6.6% 7.4% 11.7%
Free cash flow margin −13.8% 0.9% 13.5% 23.2% 18.0% 40.1% 28.8% 25.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.61Capital expenditure−2.57Free cash flow−1.97Buybacks−0.07Dividends paid−0.05Fiscal year 2017Operating cash flow3.10Capital expenditure−2.94Free cash flow0.16Dividends paid−2.99Fiscal year 2018Operating cash flow5.83Capital expenditure−2.96Free cash flow2.87 +1,648.8%Buybacks−0.09Dividends paid−1.90Fiscal year 2019Operating cash flow9.03Capital expenditure−3.20Free cash flow5.83 +103.2%Buybacks−0.01Dividends paid−1.01Fiscal year 2020Operating cash flow21.00Capital expenditure−8.48Free cash flow12.52 +114.7%Buybacks−0.03Dividends paid−0.81Fiscal year 2021Operating cash flow61.65Capital expenditure−18.06Free cash flow43.59 +248.2%Buybacks−0.00Dividends paid−8.96Fiscal year 2022Operating cash flow42.28Capital expenditure−15.38Free cash flow26.90 −38.3%Dividends paid−2.37Fiscal year 2023Operating cash flow41.72Capital expenditure−14.22Free cash flow27.50 +2.2%Buybacks−0.05Dividends paid−2.46
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023
Operating cash flow 0.61 3.10 5.83 9.03 21.00 61.65 42.28 41.72
Capital expenditure −2.57 −2.94 −2.96 −3.20 −8.48 −18.06 −15.38 −14.22
Free cash flow −1.97 0.16 2.87 5.83 12.52 43.59 26.90 27.50
Growth +1,648.8% +103.2% +114.7% +248.2% −38.3% +2.2%
Buybacks −0.07 n/a −0.09 −0.01 −0.03 −0.00 n/a −0.05
Dividends paid −0.05 −2.99 −1.90 −1.01 −0.81 −8.96 −2.37 −2.46

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash6.05Total debt6.94Net cash (debt)−0.88Shareholders’ equity16.01Debt to equity0.43Fiscal year 2017Cash4.71Total debt8.26Net cash (debt)−3.55Shareholders’ equity14.99Debt to equity0.55Fiscal year 2018Cash7.42Total debt13.12Net cash (debt)−5.70Shareholders’ equity15.92Debt to equity0.82Fiscal year 2019Cash10.24Total debt12.68Net cash (debt)−2.44Shareholders’ equity18.05Debt to equity0.70Fiscal year 2020Cash11.86Total debt16.35Net cash (debt)−4.49Shareholders’ equity20.78Debt to equity0.79Fiscal year 2021Cash30.60Total debt45.88Net cash (debt)−15.28Shareholders’ equity65.37Debt to equity0.70Fiscal year 2022Cash42.78Total debt61.19Net cash (debt)−18.41Shareholders’ equity109.37Debt to equity0.56Fiscal year 2023Cash49.98Total debt57.95Net cash (debt)−7.97Shareholders’ equity122.25Debt to equity0.47
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023
Cash 6.05 4.71 7.42 10.24 11.86 30.60 42.78 49.98
Total debt 6.94 8.26 13.12 12.68 16.35 45.88 61.19 57.95
Net cash (debt) −0.88 −3.55 −5.70 −2.44 −4.49 −15.28 −18.41 −7.97
Shareholders’ equity 16.01 14.99 15.92 18.05 20.78 65.37 109.37 122.25
Debt to equity 0.43 0.55 0.82 0.70 0.79 0.70 0.56 0.47

In billions of TRY, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2023 · 10-K

Cash flow

In billions of TRY, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023
Operations
0.61 3.10 5.83 9.03 21.00 61.65 42.28 41.72
Growth +410.8% +88.0% +54.8% +132.6% +193.6% −31.4% −1.3%
2.20 2.60 4.29 5.05 18.76 31.19 32.60 31.30
Investment
−2.57 −2.94 −2.96 −3.20 −8.48 −18.06 −15.38 −14.22
calc −1.97 0.16 2.87 5.83 12.52 43.59 26.90 27.50
Growth +1,648.8% +103.2% +114.7% +248.2% −38.3% +2.2%
−2.98 −3.30 −4.54 −3.03 −14.54 −29.01 −31.71 −20.91
Financing
4.84 −1.57 −0.53 −3.48 −9.95 −9.88 3.39 6.77
−0.05 −2.99 −1.90 −1.01 −0.81 −8.96 −2.37 −2.46
−0.07 n/a −0.09 −0.01 −0.03 −0.00 n/a −0.05

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative. Shown in TRY as filed; the screener converts to dollars.