Telefónica

TEF · BME · EUR

€3.31+1.07%+€0.03

Close · October 2, 2026

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.

Income statement · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total revenue	8,374	8,414	7,889	9,360	8,792	9,601	—	10,023	—	10,140	10,101	10,713
Cost of revenue	2,445	5,575	654	6,227	—	6,483	—	7,084	—	7,213	-1,519	7,378
Gross profit	5,929	2,839	7,235	3,133	—	3,118	—	2,939	—	2,927	11,620	3,335
Selling, general and administrative	30.0	—	82.0	—	—	—	—	—	—	—	155	—
Operating income	825	1,118	-1,805	1,217	1,500	1,169	—	1,061	—	1,053	-447	1,063
EBIT	825	1,118	-1,805	1,217	1,594	1,169	—	1,061	—	1,053	-447	1,063
EBITDA	944	2,839	-143	4,885	3,431	3,118	—	5,082	—	3,216	1,730	5,050
Interest expense	673	438	521	494	—	361	—	453	—	359	759	492
Pre-tax income	190	643	-2,908	482	388	635	—	213	—	728	-2,933	346
Income tax	29.0	189	-180	149	222	174	—	138	—	165	-884	-245
Net income	73.0	-411	-3,238	276	-51.0	-1,304	—	10.0	—	532	-2,154	502
Net income to common shareholders	191	-529	-3,305	276	-51.0	-1,370	—	10.0	—	463	-2,218	502
Basic EPS	0.10	-0.09	-0.59	0.05	-0.02	-0.24	—	0.00	—	0.08	-0.39	0.09
Diluted EPS	0.10	-0.09	-0.59	0.05	-0.02	-0.24	—	0.00	—	0.08	-0.39	0.09
Average shares (basic)	1,885	5,626	5,633	5,637	5,638	5,637	—	5,634	—	5,633	5,651	5,665
Average shares (diluted)	1,885	5,626	5,633	5,637	5,638	5,637	—	5,634	—	5,633	5,651	5,665
Dividend per share	—	—	0.15	0.15	—	—	—	0.00	—	—	0.15	0.15