Telefonica S A annual return on equity
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Telefonica S A Return on Equity (ROE) Growth & History (TEFOF)
Telefonica S A's return on equity was −25.70% for fiscal 2025.
View full Telefonica S A company overviewTelefonica S A annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −25.70% | −26.71 pp |
| 2024 | 2024-12-31 | 1.01% | +3.46 pp |
| 2023 | 2023-12-31 | −2.45% | −12.25 pp |
| 2022 | 2022-12-31 | 9.81% | −54.29 pp |
| 2021 | 2021-12-31 | 64.09% | +50.29 pp |
| 2020 | 2020-12-31 | 13.80% | +4.31 pp |
| 2019 | 2019-12-31 | 9.49% | −13.17 pp |
| 2018 | 2018-12-31 | 22.66% | +3.40 pp |
| 2017 | 2017-12-31 | 19.26% | +8.25 pp |
| 2016 | 2016-12-31 | 11.01% | — |
Telefonica S A quarterly return on equity
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q4 2025 | 2025-12-31 | −20.32% | −15.28 pp |
| Q3 2025 | 2025-09-30 | 1.58% | — |
| Q2 2025 | 2025-06-30 | −0.28% | — |
| Q1 2025 | 2025-03-31 | −6.68% | — |
| Q4 2024 | 2024-12-31 | −5.04% | — |
Telefonica S A return on equity trends
Over the last five fiscal years, Telefonica S A's return on equity decreased from 13.80% to −25.70%, a change of −39.50 percentage points. The latest reported quarter, Q4 2025, shows −20.32%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Telefonica S A source filings ↗