Turkcell Iletisim Hizmetleri A.S.(TKC)Earnings, Financials & Key Ratios

TKC•NYSE

$5.77

12.1× P/E·Price updated Jul 7, 2026

SectorCommunication Services IndustryTelecom Services Sub-IndustryIntegrated Telecom and Media Groups

AboutTurkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Northern Cyprus, Germany, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services consisting of mobile communications, fixed business internet and business phone, and customer loyalty and programs. The company provides digital business services comprising of uninterrupted access, cyber security, data center, internet of things, big data, e-transformation, technologies, and managed services, and cloud solutions. In addition, the company provides various devices, hardware, software, and financing solutions. Further, the company offers digital services comprising of search, invoice and TL services; and information, entertainment, and application services. Additionally, the company provides TV+, which enables subscribers to watch series and other TV contents whenever and wherever they want; fizy, a digital music platform; magazine holder, a magazine, and newspapers service, and yaani browser, a mobile application. Furthermore, the company offers BiP, an all-access communication service application; goals pocket, a news and goal videos application; and digital operator, a transactions and technology purchases application. The company provides home internet and TV services. The company was incorporated in 1993 and is headquartered in Istanbul, Turkey.Show more

Revenue$6.1B-96.3%
EBITDA$2.64B-95.7%
Net Income$445M-98.1%
EPS (Diluted)22.33-17.2%
Gross Margin28.66%+16.1%
EBITDA Margin43.33%+17.6%
Operating Margin17.03%-19.2%
Net Margin7.29%-48.3%
ROE0.46%-96.4%

TKC Price & Volume

Turkcell Iletisim Hizmetleri A.S. (TKC) stock price & volume — 10-year historical chart

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Hyperinflationary Distortions Obscure Turkcell's Operational Performance

Investment Thesis • Updated 2026Q1

VerdictNeutral

Growth:Mixed

Profitability:Moderate

Financial:Vulnerable

Cash Flow:Mixed

Primary Risk:Hyperinflationary accounting distortions

Key Thesis Takeaways

Turkcell's financial profile is heavily impacted by hyperinflationary accounting, which creates extreme volatility in reported revenue and net income, as evidenced by the 96.8% revenue contraction in 2025Q4 followed by a 42.6% surge in 2026Q1.
While the company maintains resilient gross margins between 21.6% and 29.2%, the persistent capital intensity—highlighted by CapEx reaching 80.6% of revenue in 2026Q1—threatens long-term free cash flow generation.
Investors should exercise caution as the company's valuation metrics, including a 40.05 P/S ratio, appear significantly decoupled from core operational cash flows due to currency-related accounting adjustments.

Verdict Logic

while the company maintains a 4.0% dividend yield, the extreme volatility in OCF/NI ratios, which reached 394.87 in 2025Q4, suggests that earnings quality is too opaque for a high-conviction long position.

TKC Growth Metrics

Turkcell Iletisim Hizmetleri A.S. (TKC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-7.12%

5 Years-38.53%

3 Years-64.38%

TTM-2.54%

Profit CAGR

10 Years-14.24%

5 Years-37.06%

3 Years-64.49%

TTM-40.91%

EPS CAGR

10 Years25.25%

5 Years34.25%

3 Years20.86%

TTM-19.26%

Return on Capital

10 Years27%

5 Years7.82%

3 Years5.84%

Last Year0.79%

TKC Recent Earnings

Turkcell Iletisim Hizmetleri A.S. (TKC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 1/12 qtrs (100%)●Beat Revenue 9/12 qtrs (82%)

Q2 2026Latest

May 11, 2026

Metric

Actual

Est

EPS

$0.11

—

Rev

$1.5B+0.7%

$1.5B

Q2 2026

Mar 5, 2026

Metric

Actual

Est

EPS

$0.10

—

Rev

$1.8B+28.8%

$1.4B

Q4 2025

Nov 6, 2025

Metric

Actual

Est

EPS

$0.15

—

Rev

$1.4B-2.9%

$1.5B

Q3 2025

Aug 13, 2025

Metric

Actual

Est

EPS

$0.13

—

Rev

$1.3B+3.3%

$1.3B

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 11, 2026	$0.11	$1.5Bvs $1.5B+0.7%
Q2 2026	Mar 5, 2026	$0.10	$1.8Bvs $1.4B+28.8%
Q4 2025	Nov 6, 2025	$0.15	$1.4Bvs $1.5B-2.9%
Q3 2025	Aug 13, 2025	$0.13	$1.3Bvs $1.3B+3.3%

Based on last 12 quarters of dataView full earnings history →

Latest TKC News

Recent stock market news and headlines for Turkcell Iletisim Hizmetleri A.S. (TKC)

Business Wire·1 day ago

Turkcell CEO Ali Taha Koç Appointed Chair of the GSMA Technology Group

ISTANBUL--(BUSINESS WIRE)--Turkcell (NYSE: TKC, BIST: TCELL) CEO Dr. Ali Taha Koç has been appointed Chair of the GSMA Technology Group, part of the GSMA, the world's leading mobile industry organization representing more than 1,000 operators and companies worldwide. Already serving as a member of the GSMA Board, Koç will chair all GSMA Technology Group meetings, beginning with the session to be held in New Delhi, India, on October 5, 2026 The GSMA Technology Group supports the Board on key ind.

Peers Comparison

Key metrics vs top competitors for Turkcell Iletisim Hizmetleri A.S. (TKC)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
TKCTurkcell Iletisim Hizmetleri A.S.Current	$5.77	$5.02B	12.10	-96.34%	7.29%	0.46%	4.19%
VEONVEON Ltd.	$52.10	$3.61B	6.95	11.75%	11.59%	32.06%	—
TEFTelefónica, S.A.	$4.33	$24.41B	-65.09	1.63%	-5.53%	-9.54%	—
PHIPLDT Inc.	$18.19	$3.94B	7.90	2.98%	13.6%	23.99%	—
VIVTelefônica Brasil S.A.	$13.28	$21.22B	18.04	4.62%	10.52%	9.29%	—
TAT&T Inc.	$20.49	$143.09B	6.74	2.71%	16.92%	16.85%	—

Compare TKC vs Peers

Turkcell Iletisim Hizmetleri A.S. (TKC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VEON

Most directly comparable listed peer for TKC.

Scale Benchmark

vs CSCO

Larger-name benchmark to compare TKC against a more recognizable public peer.

Peer Set

Compare Top 5

vs VEON, TEF, PHI, VIV

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TKC Frequently Asked Questions

Turkcell Iletisim Hizmetleri A.S. (TKC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Turkcell Iletisim Hizmetleri A.S.'s revenue?

Turkcell Iletisim Hizmetleri A.S. (TKC) reported $182.60B in revenue for fiscal year 2025. This represents a 8556% increase from $2.11B in 1999.

How fast is Turkcell Iletisim Hizmetleri A.S. growing?

Turkcell Iletisim Hizmetleri A.S. (TKC) saw revenue decline by 96.3% over the past year.

Is TKC profitable?

Yes, Turkcell Iletisim Hizmetleri A.S. (TKC) is profitable, generating $14.33B in net income for fiscal year 2025 (7.3% net margin).

Dividend & Returns

Does TKC pay dividends?

Yes, Turkcell Iletisim Hizmetleri A.S. (TKC) pays a dividend with a yield of 4.19%. This makes it attractive for income-focused investors.

What is TKC's return on equity?

Turkcell Iletisim Hizmetleri A.S. (TKC) has a return on equity (ROE) of 0.5%. This is below average, suggesting room for improvement.

What is Turkcell Iletisim Hizmetleri A.S.'s free cash flow?

Turkcell Iletisim Hizmetleri A.S. (TKC) had negative free cash flow of $45.18B in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in TKC back in 1999?

Total return calculator · dividends reinvested · 27+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

May 11, 2026

$0.11

$1.5Bvs $1.5B+0.7%

Q2 2026

Mar 5, 2026

$0.10

$1.8Bvs $1.4B+28.8%

Q4 2025

Nov 6, 2025

$0.15

$1.4Bvs $1.5B-2.9%

Q3 2025

Aug 13, 2025

$0.13

$1.3Bvs $1.3B+3.3%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

TKCTurkcell Iletisim Hizmetleri A.S.Current

$5.77

$5.02B

12.10

-96.34%

7.29%

0.46%

4.19%

VEONVEON Ltd.

$52.10

$3.61B

6.95

11.75%

11.59%

32.06%

—

TEFTelefónica, S.A.

$4.33

$24.41B

-65.09

1.63%

-5.53%

-9.54%

—

PHIPLDT Inc.

$18.19

$3.94B

7.90

2.98%

13.6%

23.99%

—

VIVTelefônica Brasil S.A.

$13.28

$21.22B

18.04

4.62%

10.52%

9.29%

—

TAT&T Inc.

$20.49

$143.09B

6.74

2.71%

16.92%

16.85%

—