Current Net Margin
-2.65%
VEON Ltd. currently has a net profit margin of -2.65%. Net margin is a key efficiency ratio that measures what percentage of each dollar of revenue actually results in profit for the company.
Historical Margin Data
Quarterly and annual profitability trends
| Date | Revenue ($B) | Net Income ($B) | Net Margin | Change (bps) |
|---|---|---|---|---|
| 2025-12-31 | 1.18 | -0.03 | -2.65% | ▲910 |
| 2025-09-30 | 1.11 | -0.13 | -11.75% | ▼6649 |
| 2025-06-30 | 1.09 | 0.59 | 54.74% | ▲4509 |
| 2025-03-30 | 1.03 | 0.10 | 9.65% | ▲153 |
| 2024-12-31 | 1.00 | 0.08 | 8.12% | ▼1204 |
| 2024-09-30 | 1.04 | 0.21 | 20.15% | ▲1353 |
| 2024-06-30 | 1.03 | 0.07 | 6.62% | ▲57 |
| 2024-03-31 | 0.94 | 0.06 | 6.05% | ▲38055 |
| 2023-12-31 | 0.95 | -3.57 | -374.50% | ▼42191 |
| 2023-09-30 | 0.94 | 0.45 | 47.41% | ▲2011 |
| 2023-06-30 | 0.92 | 0.25 | 27.29% | ▼1151 |
| 2023-03-31 | 0.88 | 0.34 | 38.80% | ▼2030 |
| 2022-12-31 | 0.94 | 0.56 | 59.11% | ▲11657 |
| 2022-09-30 | 0.89 | -0.51 | -57.46% | ▼7167 |
| 2022-06-30 | 0.96 | 0.14 | 14.21% | ▲2878 |
| 2022-03-31 | 0.97 | -0.14 | -14.57% | ▼2914 |
| 2021-12-31 | 2.05 | 0.30 | 14.57% | ▲734 |
| 2021-09-30 | 2.00 | 0.14 | 7.23% | ▲197 |
| 2021-06-30 | 1.90 | 0.10 | 5.26% | ▼185 |
| 2021-03-31 | 1.83 | 0.13 | 7.10% | ▲675 |
| 2020-12-31 | 2.00 | 0.01 | 0.35% | ▲3443 |
| 2020-09-30 | 1.82 | -0.62 | -34.08% | ▼4233 |
| 2020-06-30 | 1.89 | 0.16 | 8.25% | ▲310 |
| 2020-03-31 | 2.10 | 0.11 | 5.15% | ▲416 |
| 2019-12-31 | 2.22 | 0.02 | 0.99% | ▼58 |
| 2019-09-30 | 2.22 | 0.04 | 1.57% | ▼152 |
| 2019-06-30 | 2.26 | 0.07 | 3.10% | ▼2021 |
| 2019-03-31 | 2.12 | 0.49 | 23.31% | ▲2415 |
| 2018-12-31 | 2.25 | -0.02 | -0.84% | ▼3775 |
| 2018-09-30 | 2.32 | 0.85 | 36.90% | ▲4316 |
| 2018-06-30 | 2.27 | -0.14 | -6.26% | ▼128 |
| 2018-03-31 | 2.25 | -0.11 | -4.98% | ▲959 |
| 2017-12-31 | 2.32 | -0.34 | -14.57% | ▼1929 |
| 2017-09-30 | 2.46 | 0.12 | 4.72% | ▲1622 |
| 2017-06-30 | 2.42 | -0.28 | -11.50% | ▼1128 |
| 2017-03-31 | 2.28 | -0.01 | -0.22% | ▼6636 |
| 2016-12-31 | 2.35 | 1.56 | 66.14% | ▲4729 |
| 2016-09-30 | 2.36 | 0.45 | 18.85% | ▲1248 |
| 2016-06-30 | 2.15 | 0.14 | 6.36% | ▼301 |
| 2016-03-31 | 2.02 | 0.19 | 9.37% | ▲683 |
| 2015-12-31 | 2.28 | 0.06 | 2.54% | ▲4370 |
| 2015-09-30 | 2.44 | -1.00 | -41.15% | ▼4536 |
| 2015-06-30 | 2.57 | 0.11 | 4.20% | ▼376 |
| 2015-03-31 | 2.31 | 0.18 | 7.96% | ▲3765 |
| 2014-12-31 | 3.00 | -0.89 | -29.69% | ▼3265 |
| 2014-09-30 | 3.54 | 0.10 | 2.96% | ▼222 |
| 2014-06-30 | 1.95 | 0.10 | 5.18% | ▲443 |
| 2014-03-31 | 5.02 | 0.04 | 0.76% | ▲7030 |
| 2013-12-31 | 5.55 | -3.86 | -69.54% | ▼7403 |
| 2013-09-30 | 5.68 | 0.26 | 4.49% | ▼554 |
| 2013-06-30 | 5.72 | 0.57 | 10.02% | ▲272 |
| 2013-03-31 | 5.59 | 0.41 | 7.30% | ▲402 |
| 2012-12-31 | 5.95 | 0.20 | 3.28% | ▼608 |
| 2012-09-30 | 5.75 | 0.54 | 9.36% | ▲87 |
| 2012-06-30 | 5.75 | 0.49 | 8.49% | ▲283 |
| 2012-03-31 | 5.62 | 0.32 | 5.66% | ▲1228 |
| 2011-12-31 | 5.89 | -0.39 | -6.62% | ▼972 |
| 2011-09-30 | 6.09 | 0.19 | 3.10% | ▼115 |
| 2011-06-30 | 5.53 | 0.23 | 4.25% | ▼1398 |
| 2011-03-31 | 2.74 | 0.50 | 18.23% | ▲185 |
| 2010-12-31 | 2.82 | 0.46 | 16.38% | ▼118 |
| 2010-09-30 | 2.82 | 0.50 | 17.56% | ▲489 |
| 2010-06-30 | 2.64 | 0.33 | 12.67% | ▼443 |
| 2010-03-31 | 2.23 | 0.38 | 17.10% | ▲482 |
| 2009-12-31 | 2.31 | 0.28 | 12.28% | ▼681 |
| 2009-09-30 | 2.28 | 0.43 | 19.09% | ▼1356 |
| 2009-06-30 | 2.15 | 0.70 | 32.65% | ▲4769 |
| 2009-03-31 | 1.97 | -0.30 | -15.03% | — |
* Net margin = (Net Income / Total Revenue) * 100. Based on official SEC filings.