Orange
€13.98Change from previous close: +1.19%Absolute change: +€0.16
At a glance
- Revenue growth
- +0.34%
- 2025 vs 2024
- Net income growth
- −77.11%
- 2025 vs 2024
- Net margin
- 1.3%
- 2024: 5.8%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | Q2 2026 | Q4 2025 | Q2 2025 | Q2 2024 | Q2 2023 | Q4 2022 | Q2 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 6,275 | 6,070 | 4,710 | 4,716 | 5,736 | 5,599 | 5,636 | 5,876 |
| Depreciation and amortization | 4,456 | 3,174 | 4,012 | 4,070 | 4,408 | 4,255 | 4,394 | 4,368 |
| Capital expenditure | -3,529 | -3,783 | -3,539 | -3,211 | -3,690 | -4,996 | -3,781 | -4,563 |
| Investing cash flow | -6,387 | -3,802 | -2,640 | 787 | -3,978 | -5,929 | -4,519 | -2,718 |
| Financing cash flow | -2,719 | 2,348 | -3,223 | -3,034 | -1,779 | -1,833 | -1,510 | -1,357 |
| Dividends paid | -1,334 | -835 | -1,328 | -1,224 | -1,166 | -890 | -1,184 | -872 |
| Share repurchases | -44.0 | — | -11.0 | -13.0 | — | -457 | — | — |
| Debt issued | 7,414 | 6,216 | 1,567 | 324 | 1,334 | 824 | 985 | 1,485 |
| Debt repaid | -8,588 | -2,720 | -2,781 | -2,124 | -1,623 | -1,055 | -1,952 | -2,554 |
| Effect of exchange rates | — | 74.0 | — | 61.0 | — | -93.0 | 32.0 | 29.0 |
| Net change in cash | -2,862 | 4,627 | -1,227 | 2,530 | 18.0 | -2,255 | -362 | 1,831 |
| Free cash flow | 2,746 | 2,287 | 1,171 | 1,505 | 2,046 | 603 | 1,855 | 1,313 |
| Levered free cash flow | 4,438 | 1,935 | 395 | -1,603 | 2,487 | 487 | 2,027 | 1,283 |