Telefónica, S.A.(TEF)Earnings, Financials & Key Ratios
TEF•NYSE
$4.33
Price updated Jun 20, 2026
AboutTelefónica, S.A., together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services. Its fixed telecommunication services include PSTN lines; ISDN accesses; public telephone services; local, domestic, and international long-distance and fixed-to-mobile communications; corporate communications; supplementary value-added services; video telephony; intelligent network; and telephony information services, as well as leases and sells handset equipment. The company also provides Internet and broadband multimedia services comprising Internet service provider, portal and network, retail and wholesale broadband access, narrowband switched access, high-speed Internet through fibre to the home, and voice over Internet protocol services. In addition, it offers leased line, virtual private network, fibre optics, web hosting and application, outsourcing and consultancy, desktop, and system integration and professional services. Further, the company offers wholesale services for telecommunication operators, including domestic interconnection and international wholesale services; leased lines for other operators; and local loop leasing services, as well as bit stream services, wholesale line rental accesses, and leased ducts for other operators' fiber deployment. Additionally, it provides video/TV services; smart connectivity and services, and consumer IoT products; financial and other payment, security, cloud computing, advertising, big data, and digital telco experience services; virtual assistants; digital home platforms; and Movistar Home devices. It also offers online telemedicine, home insurance, music streaming, and consumer loan services. The company was incorporated in 1924 and is headquartered in Madrid, Spain.Show more
- Revenue$41.31B+1.6%
- EBITDA$11.19B-1.7%
- Net Income-$49M+94.5%
- EPS (Diluted)-0.06+71.8%
- Gross Margin69.61%+39.8%
- EBITDA Margin27.09%-3.3%
- Operating Margin5.8%-9.1%
- Net Margin-0.12%+94.6%
- ROE-0.2%+93.5%
TEF Price & Volume
Telefónica, S.A. (TEF) stock price & volume — 10-year historical chart
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Persistent Revenue Contraction Challenges Telefónica's Capital Stability
Investment Thesis • Updated 2025Q3
VerdictNegative
Growth:Contracting
Profitability:Strained
Financial:Strained
Cash Flow:Mixed
Primary Risk:High leverage and regulatory exposure
Key Thesis Takeaways
- Telefónica faces a challenging outlook characterized by sustained top-line erosion, with revenue growth declining to -6.6% in 2025Q3, and significant margin volatility that complicates long-term valuation.
- While the company maintains a high dividend yield of 8.5%, the reliance on external financing and asset divestitures to support capital allocation appears unsustainable given the current liquidity constraints.
- Investors should monitor the company's ability to stabilize its core infrastructure base, as the current debt-to-equity ratio of 2.01 and erratic cash conversion cycles suggest heightened structural risk.
Verdict Logic
the company's inability to maintain consistent profitability, coupled with a current ratio of 0.84 and a P/E TTM of -65.09, indicates significant fundamental risks that outweigh the appeal of the 8.5% dividend yield.
TEF Growth Metrics
Telefónica, S.A. (TEF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-1.96%
5 Years-3.12%
3 Years1.7%
TTM-5.67%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-81.72%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-45.37%
Return on Capital
10 Years6.3%
5 Years6.57%
3 Years3.65%
Last Year3.08%
TEF Recent Earnings
Telefónica, S.A. (TEF) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 7/12 qtrs (64%)
Q1 2026Latest
Feb 26, 2026Metric
Actual
Est
EPS
$0.06-57.1%
$0.14
Rev
—
$11.2B
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$0.11+22.2%
$0.09
Rev
$11.0B+15.3%
$9.5B
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$0.08+0.0%
$0.08
Rev
$10.4B+15.0%
$9.0B
Q2 2025
May 14, 2025Metric
Actual
Est
EPS
$0.08+0.0%
$0.08
Rev
$10.1B+5.0%
$9.6B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $0.06vs $0.14-57.1% | —vs $11.2B |
| Q4 2025 | Nov 4, 2025 | $0.11vs $0.09+22.2% | $11.0Bvs $9.5B+15.3% |
| Q3 2025 | Jul 30, 2025 | $0.08vs $0.08+0.0% | $10.4Bvs $9.0B+15.0% |
| Q2 2025 | May 14, 2025 | $0.08vs $0.08+0.0% | $10.1Bvs $9.6B+5.0% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Telefónica, S.A. (TEF)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $4.33 | $24.41B | -65.09 | 1.63% | -0.12% | -0.2% | 8.5% | |
| $20.49 | $143.09B | 6.74 | 2.71% | 16.92% | 16.85% | — | |
| $42.07 | $175.67B | 10.36 | 2.52% | 12.46% | 16.47% | — | |
| $13.08 | $30.18B | -71.59 | 8.77% | -5.86% | -7.74% | — | |
| $10.22 | $15.95B | 20.20 | 1.82% | 4.53% | 6.02% | — | |
| $20.87 | $19.46B | 4.38 | 0.24% | 25.44% | 28.51% | — |
Compare TEF vs Peers
Telefónica, S.A. (TEF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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TEF Frequently Asked Questions
Telefónica, S.A. (TEF) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Telefónica, S.A.'s revenue?
Telefónica, S.A. (TEF) reported $38.27B in revenue for fiscal year 2024. This represents a 599% increase from $5.47B in 1989.
How fast is Telefónica, S.A. growing?
Telefónica, S.A. (TEF) grew revenue by 1.6% over the past year. Growth has been modest.
Is TEF profitable?
Telefónica, S.A. (TEF) reported a net loss of $2.12B for fiscal year 2024.
Dividend & Returns
Does TEF pay dividends?
Yes, Telefónica, S.A. (TEF) pays a dividend with a yield of 8.50%. This makes it attractive for income-focused investors.
What is TEF's return on equity?
Telefónica, S.A. (TEF) has a return on equity (ROE) of -0.2%. Negative ROE indicates the company is unprofitable.
What is Telefónica, S.A.'s free cash flow?
Telefónica, S.A. (TEF) generated $4.01B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.