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Stocks · Communication · Radiotelephone Communications

VODAFONE GROUP PUBLIC LTD CO

VOD Clue Score32
Fiscal year ends March CIK 0000839923
$15.56 -5.58% Close, 9 Oct 2026
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Price $15.56 +1.97% 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 2017Revenue47.63Operating income3.73Net income−6.30EPS, diluted−0.23Fiscal year 2018Revenue46.57 −2.2%Operating income4.30Net income2.44EPS, diluted0.09Fiscal year 2019Revenue43.67 −6.2%Operating income−0.95Net income−8.02 −428.8%EPS, diluted−29.05 −33,262.1%Fiscal year 2020Revenue44.97 +3.0%Operating income4.10Net income−0.92EPS, diluted−0.03Fiscal year 2021Revenue43.81 −2.6%Operating income5.13Net income0.06EPS, diluted0.00Fiscal year 2022Revenue37.01 −15.5%Operating income5.74Net income2.24 +3,691.5%EPS, diluted0.08 +3,740.0%Fiscal year 2023Revenue37.67 +1.8%Operating income14.45Net income11.84 +429.2%EPS, diluted0.43 +454.9%Fiscal year 2024Revenue36.72 −2.5%Operating income3.67Net income1.14 −90.4%EPS, diluted0.04 −90.1%Fiscal year 2025Revenue37.45 +2.0%Operating income−0.41Net income−4.17 −465.7%EPS, diluted−0.16 −479.5%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 47.63 46.57 43.67 44.97 43.81 37.01 37.67 36.72 37.45
Growth −2.2% −6.2% +3.0% −2.6% −15.5% +1.8% −2.5% +2.0%
Operating income 3.73 4.30 −0.95 4.10 5.13 5.74 14.45 3.67 −0.41
Net income −6.30 2.44 −8.02 −0.92 0.06 2.24 11.84 1.14 −4.17
Growth −428.8% +3,691.5% +429.2% −90.4% −465.7%
EPS, diluted −0.23 0.09 −29.05 −0.03 0.00 0.08 0.43 0.04 −0.16
Growth −33,262.1% +3,740.0% +454.9% −90.1% −479.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin27.4%Operating margin7.8%Net margin−13.2%Free cash flow margin16.7%Fiscal year 2018Gross margin29.6%Operating margin9.2%Net margin5.2%Free cash flow margin18.6%Fiscal year 2019Gross margin30.9%Operating margin−2.2%Net margin−18.4%Free cash flow margin18.2%Fiscal year 2020Gross margin31.8%Operating margin9.1%Net margin−2.0%Free cash flow margin27.1%Fiscal year 2021Gross margin31.3%Operating margin11.7%Net margin0.1%Free cash flow margin26.9%Fiscal year 2022Gross margin35.3%Operating margin15.5%Net margin6.0%Free cash flow margin36.6%Fiscal year 2023Gross margin35.3%Operating margin38.4%Net margin31.4%Free cash flow margin34.8%Fiscal year 2024Gross margin33.4%Operating margin10.0%Net margin3.1%Free cash flow margin33.6%Fiscal year 2025Gross margin33.4%Operating margin−1.1%Net margin−11.1%Free cash flow margin29.5%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 27.4% 29.6% 30.9% 31.8% 31.3% 35.3% 35.3% 33.4% 33.4%
Operating margin 7.8% 9.2% −2.2% 9.1% 11.7% 15.5% 38.4% 10.0% −1.1%
Net margin −13.2% 5.2% −18.4% −2.0% 0.1% 6.0% 31.4% 3.1% −11.1%
Free cash flow margin 16.7% 18.6% 18.2% 27.1% 26.9% 36.6% 34.8% 33.6% 29.5%

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 2017Operating cash flow14.22Capital expenditure−6.29Free cash flow7.94Dividends paid−4.12Fiscal year 2018Operating cash flow13.60Capital expenditure−4.92Free cash flow8.68 +9.4%Buybacks−1.77Dividends paid−4.27Fiscal year 2019Operating cash flow12.98Capital expenditure−5.05Free cash flow7.93 −8.7%Buybacks−0.48Dividends paid−4.62Fiscal year 2020Operating cash flow17.38Capital expenditure−5.18Free cash flow12.20 +53.9%Buybacks−0.82Dividends paid−2.67Fiscal year 2021Operating cash flow17.22Capital expenditure−5.41Free cash flow11.80 −3.2%Buybacks−0.06Dividends paid−2.80Fiscal year 2022Operating cash flow18.08Capital expenditure−4.55Free cash flow13.53 +14.7%Buybacks−2.09Dividends paid−3.02Fiscal year 2023Operating cash flow18.05Capital expenditure−4.96Free cash flow13.10 −3.2%Buybacks−1.87Dividends paid−2.90Fiscal year 2024Operating cash flow16.56Capital expenditure−4.22Free cash flow12.34 −5.8%Buybacks0.00Dividends paid−2.69Fiscal year 2025Operating cash flow15.37Capital expenditure−4.32Free cash flow11.05 −10.4%Buybacks−1.87Dividends paid−2.04
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 14.22 13.60 12.98 17.38 17.22 18.08 18.05 16.56 15.37
Capital expenditure −6.29 −4.92 −5.05 −5.18 −5.41 −4.55 −4.96 −4.22 −4.32
Free cash flow 7.94 8.68 7.93 12.20 11.80 13.53 13.10 12.34 11.05
Growth +9.4% −8.7% +53.9% −3.2% +14.7% −3.2% −5.8% −10.4%
Buybacks n/a −1.77 −0.48 −0.82 −0.06 −2.09 −1.87 0.00 −1.87
Dividends paid −4.12 −4.27 −4.62 −2.67 −2.80 −3.02 −2.90 −2.69 −2.04

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash8.84Total debt34.52Net cash (debt)−25.69Shareholders’ equity72.20Debt to equity0.48Fiscal year 2018Cash4.67Total debt32.91Net cash (debt)−28.23Shareholders’ equity67.64Debt to equity0.49Fiscal year 2019Cash13.64Total debt48.69Net cash (debt)−35.05Shareholders’ equity62.22Debt to equity0.78Fiscal year 2020Cash13.56Total debt62.95Net cash (debt)−49.39Shareholders’ equity61.41Debt to equity1.03Fiscal year 2021Cash5.82Total debt59.27Net cash (debt)−53.45Shareholders’ equity55.80Debt to equity1.06Fiscal year 2022Cash7.50Total debt58.13Net cash (debt)−50.64Shareholders’ equity54.78Debt to equity1.06Fiscal year 2023Cash11.71Total debt53.68Net cash (debt)−41.98Shareholders’ equity63.40Debt to equity0.85Fiscal year 2024Cash6.18Total debt49.26Net cash (debt)−43.08Shareholders’ equity59.97Debt to equity0.82Fiscal year 2025Cash11.00Total debt46.10Net cash (debt)−35.10Shareholders’ equity52.75Debt to equity0.87
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 8.84 4.67 13.64 13.56 5.82 7.50 11.71 6.18 11.00
Total debt 34.52 32.91 48.69 62.95 59.27 58.13 53.68 49.26 46.10
Net cash (debt) −25.69 −28.23 −35.05 −49.39 −53.45 −50.64 −41.98 −43.08 −35.10
Shareholders’ equity 72.20 67.64 62.22 61.41 55.80 54.78 63.40 59.97 52.75
Debt to equity 0.48 0.49 0.78 1.03 1.06 1.06 0.85 0.82 0.87

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

Financial statements FY2025 · 10-K

Income statement

In billions of EUR, except per-share figures; shares in millions. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Mar 2017 FY2018 31 Mar 2018 FY2019 31 Mar 2019 FY2020 31 Mar 2020 FY2021 31 Mar 2021 FY2022 31 Mar 2022 FY2023 31 Mar 2023 FY2024 31 Mar 2024 FY2025 31 Mar 2025
Revenue and profit
47.63 46.57 43.67 44.97 43.81 37.01 37.67 36.72 37.45
Growth −2.2% −6.2% +3.0% −2.6% −15.5% +1.8% −2.5% +2.0%
34.58 32.77 30.16 30.68 30.09 23.95 24.36 24.46 24.93
13.06 13.80 13.51 14.29 13.72 13.06 13.31 12.26 12.52
Growth +5.7% −2.1% +5.8% −4.0% −4.8% +1.9% −7.9% +2.1%
3.73 4.30 −0.95 4.10 5.13 5.74 14.45 3.67 −0.41
Growth +15.4% −122.1% +25.1% +11.9% +151.8% −74.6% −111.2%
2.79 3.88 −2.61 0.80 4.35 4.15 13.07 1.62 −1.48
4.76 −0.88 1.50 1.25 3.86 1.56 0.49 0.05 2.25
−6.30 2.44 −8.02 −0.92 0.06 2.24 11.84 1.14 −4.17
Growth −428.8% +3,691.5% +429.2% −90.4% −465.7%
Per share
−0.23 0.09 −29.05 −0.03 0.00 0.08 0.43 0.04 −0.16
−0.23 0.09 −29.05 −0.03 0.00 0.08 0.43 0.04 −0.16
Growth −33,262.1% +3,740.0% +454.9% −90.1% −479.5%
27,971 27,770 27,607 29,422 29,592 29,012 27,680 27,056 26,149
27,971 27,857 27,607 29,422 29,683 29,109 27,775 27,151 26,149
Growth −0.4% −0.9% +6.6% +0.9% −1.9% −4.6% −2.2% −3.7%

Shown in EUR as filed; the screener converts to dollars.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 3.6% a year over five years.
  • The diluted share count fell 11.1% in five years, so buybacks did some of the work per share.
  • Operating margin is down 10.2 points on five years ago, at -1.1%.
  • A net loss in 4 of 9 years on file.