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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2025 | Q3 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2,123 | 1,472 | 3,264 | 2,013 | 1,837 | 2,520 | 2,212 | 3,411 | 2,949 | 2,988 | 2,301 | 4,165 |
| Depreciation and amortization | 1,126 | 1,721 | 1,965 | 2,609 | 1,949 | 2,900 | 2,163 | 821 | 2,936 | 1,533 | 2,151 | 789 |
| Capital expenditure | -1,320 | -1,151 | -1,432 | -1,072 | -1,408 | -952 | -1,530 | -1,651 | -1,357 | -1,743 | -1,402 | -2,331 |
| Investing cash flow | -1,505 | -1,333 | 414 | -1,292 | -1,734 | -655 | -1,988 | -1,140 | -1,995 | -967 | -184 | -2,762 |
| Financing cash flow | -1,799 | -344 | -1,531 | -2,761 | -1,067 | -801 | -1,005 | -2,777 | -311 | -2,070 | -2,028 | -1,294 |
| Dividends paid | -734 | -107 | -658 | -187 | -119 | -229 | -144 | -339 | -510 | -707 | -145 | -439 |
| Share repurchases | — | -33.0 | — | -233 | -88.0 | -1,212 | -899 | — | -806 | — | -635 | — |
| Debt issued | 1,205 | 1,475 | -50.0 | 9.0 | 1,425 | 187 | 1,953 | 1,149 | 563 | 47.0 | 915 | 497 |
| Debt repaid | -1,947 | -1,470 | -462 | -2,337 | -2,207 | -742 | -1,821 | -1,554 | -982 | -834 | -2,119 | -1,625 |
| Effect of exchange rates | 221 | -90.0 | 109 | -89.0 | -39.0 | -1.0 | 21.0 | -149 | -124 | 12.0 | 3.0 | -137 |
| Net change in cash | -1,120 | -295 | 2,172 | -2,113 | -1,003 | 1,057 | -760 | -668 | 529 | -47.0 | 92.0 | -30.0 |
| Free cash flow | 803 | 321 | 1,832 | 941 | 429 | 1,568 | 682 | 1,760 | 1,592 | 1,245 | 899 | 1,834 |
| Levered free cash flow | -698 | -133 | 1,183 | 700 | -2,086 | 1,607 | -754 | 1,181 | 646 | 152 | 2,692 | 1,485 |