Veon annual free cash flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Veon Free Cash Flow (FCF) History (VEON)
Veon reported $620.0M in free cash flow for fiscal 2025, an increase of 18.55% from the previous fiscal year, with a free cash flow margin of 14.09%.
View full Veon company overviewVeon free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $620.0M | $97.0M | +18.55% | +14.09% |
| 2024 | 2024-12-31 | $523.0M | −$106.0M | −16.85% | +13.06% |
| 2023 | 2023-12-31 | $629.0M | $330.0M | +110.37% | +17.01% |
| 2022 | 2022-12-31 | $299.0M | $37.0M | +14.12% | +7.96% |
| 2021 | 2021-12-31 | $262.0M | −$1.63B | −86.16% | +6.81% |
| 2020 | 2020-12-31 | $1.89B | $526.0M | +38.48% | +54.37% |
| 2019 | 2019-12-31 | $1.37B | $800.0M | +141.09% | +16.90% |
| 2018 | 2018-12-31 | $567.0M | $129.0M | +29.45% | +6.24% |
| 2017 | 2017-12-31 | $438.0M | $214.0M | +95.54% | +4.62% |
| 2016 | 2016-12-31 | $224.0M | $398.0M | — | +2.52% |
| 2015 | 2015-12-31 | −$174.0M | — | — | −1.81% |
Veon quarterly free cash flow
Q3.21
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $251.0M | — | — | +19.75% |
| Q1 2026 | 2026-03-31 | $132.0M | — | — | +10.99% |
| Q3 2021 | 2021-09-30 | $365.0M | — | — | +18.20% |
Veon free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $1.89B to $620.0M, a compound annual decline of 20.01%. Veon's latest reported quarter, Q2 2026, generated $251.0M in free cash flow.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Veon source filings ↗Community posts
VEON and Kyivstar join MeetKai’s six-country sovereign-AI rollout
MeetKai announced a six-country rollout of its locally hosted AI platform, working with VEON ($VEON) and its operators in five markets and with SERPRO in Brazil. Kyivstar ($KYIV), VEON’s majority-owned Ukrainian subsidiary, will partner on ...
