Telefónica
€3.31Change from previous close: +1.07%Absolute change: +€0.04
At a glance
- Revenue growth
- −1.36%
- 2025 vs 2024
- Net margin
- -12.0%
- 2024: -0.1%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 9,722 | 10,994 | 11,649 | 11,763 | 10,268 | 13,196 | 15,022 | 13,423 | 13,796 | 13,338 |
| Depreciation and amortization | 7,667 | 7,310 | 7,441 | 8,796 | 8,397 | 9,359 | 10,582 | 9,049 | 9,396 | 9,649 |
| Capital expenditure | -5,446 | -5,068 | -6,161 | -6,350 | -6,728 | -7,529 | -8,410 | -8,777 | -9,140 | -9,321 |
| Investing cash flow | -4,590 | -5,223 | -4,286 | -5,327 | 5,896 | -7,790 | -5,641 | -8,685 | -10,245 | -8,208 |
| Financing cash flow | -6,412 | -4,672 | -7,186 | -7,925 | -12,990 | -5,438 | -9,021 | -3,880 | -1,752 | -4,220 |
| Dividends paid | -1,697 | -1,720 | -1,701 | -959 | -617 | -825 | -2,056 | -2,048 | -1,904 | -2,395 |
| Share repurchases | -277 | -1,243 | -223 | -365 | -478 | -223 | -504 | — | — | -660 |
| Debt issued | 2,442 | 2,904 | 2,674 | 2,585 | 3,646 | 8,527 | 5,888 | 8,262 | 13,234 | 16,025 |
| Debt repaid | -5,862 | -3,520 | -5,489 | -8,614 | -11,775 | -11,367 | -11,527 | -8,694 | -13,398 | -15,379 |
| Effect of exchange rates | -134 | -191 | -258 | 156 | -179 | -402 | 7.0 | -244 | -341 | 185 |
| Net change in cash | -1,498 | 911 | -94.0 | -1,335 | 2,976 | -438 | 350 | 500 | 1,456 | 1,121 |
| Free cash flow | 4,276 | 5,926 | 5,488 | 5,413 | 3,540 | — | — | — | — | — |
| Levered free cash flow | 1,621 | 3,675 | 5,020 | 2,792 | 12,243 | -7,123 | 4,549 | 1,170 | 2,740 | 2,245 |