Telefônica Brasil S.A.(VIV)Earnings, Financials & Key Ratios
VIV•NYSE
$13.28
18.0× P/E·Price updated Jul 7, 2026
AboutTelefônica Brasil S.A., together with its subsidiaries, provides mobile and fixed telecommunications services to residential and corporate customers in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G as well as mobile value-added services and wireless roaming services. The company also offers data services, including broadband and mobile data services. In addition, it provides pay TV services through direct to home satellite technology, IPTV, and cable, as well as pay-per-view and video on demand services; network services, such as rental of facilities; other services comprising internet access, private network connectivity, computer equipment leasing, extended service, caller identification, voice mail, cellular blocker, and others; wholesale services, including interconnection services to users of other network providers; and digital services, such as entertainment, cloud, and security and financial services. Further, the company offers multimedia communication services, which include audio, data, voice and other sounds, images, texts, and other information, as well as sells devices, such as smartphones, broadband USB modems, and other devices. Additionally, it provides telecommunications solutions and IT support to various industries, such as retail, manufacturing, services, financial institutions, government, etc. It markets and sells its solutions through own stores, dealers, retail and distribution channels, door-to-door sales, and outbound tele sales. The company was formerly known as Telecomunicações de São Paulo S.A. - TELESP and changed its name to Telefônica Brasil S.A. in October 2011. The company was incorporated in 1998 and is headquartered in São Paulo, Brazil.Show more
- Revenue$58.42B+4.6%
- EBITDA$23.55B+2.9%
- Net Income$6.05B+9.0%
- EPS (Diluted)3.78+11.8%
- Gross Margin40.43%-7.8%
- EBITDA Margin40.3%-1.6%
- Operating Margin15.23%-2.0%
- Net Margin10.35%+4.2%
- ROE8.71%+9.5%
VIV Price & Volume
Telefônica Brasil S.A. (VIV) stock price & volume — 10-year historical chart
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Resilient Cash Generation Offsets Structural Margin Pressures
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Stable
Profitability:Moderate
Financial:Healthy
Cash Flow:Robust
Primary Risk:Regulatory and concession uncertainty
Key Thesis Takeaways
- Telefônica Brasil maintains a stable growth trajectory as it pivots toward high-growth fiber and mobile data, evidenced by a 5.4% year-over-year revenue increase to $15.2B in 2026Q1.
- While the company benefits from a conservative debt-to-equity ratio of 0.28, investors should monitor the potential for margin compression, as operating margins recently declined from 18.5% in 2025Q3 to 14.8% in 2026Q1.
- The firm's ability to sustain shareholder returns through significant dividends and buybacks remains a key pillar of the investment case, though the $26.9B goodwill balance warrants ongoing scrutiny for potential impairment risks.
Verdict Logic
while the company demonstrates robust cash generation with a 18.7% FCF margin in 2026Q1, the current P/E of 18.42 and recent margin compression suggest a cautious valuation approach.
VIV Growth Metrics
Telefônica Brasil S.A. (VIV) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.79%
5 Years6.26%
3 Years6.74%
TTM6.92%
Profit CAGR
10 Years6.14%
5 Years4.86%
3 Years13.97%
TTM11.64%
EPS CAGR
10 Years5.8%
5 Years5.96%
3 Years15.71%
TTM14.33%
Return on Capital
10 Years8.24%
5 Years8%
3 Years8.46%
Last Year8.74%
VIV Recent Earnings
Telefônica Brasil S.A. (VIV) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$0.15-11.8%
$0.17
Rev
$3.2B+5.4%
$3.0B
Q1 2026
Feb 23, 2026Metric
Actual
Est
EPS
$0.22+29.4%
$0.17
Rev
$3.0B+3.6%
$2.9B
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$0.22+15.8%
$0.19
Rev
$2.8B-2.6%
$2.9B
Q3 2025
Jul 28, 2025Metric
Actual
Est
EPS
$0.15-6.3%
$0.16
Rev
$2.7B-0.1%
$2.7B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.15vs $0.17-11.8% | $3.2Bvs $3.0B+5.4% |
| Q1 2026 | Feb 23, 2026 | $0.22vs $0.17+29.4% | $3.0Bvs $2.9B+3.6% |
| Q4 2025 | Oct 30, 2025 | $0.22vs $0.19+15.8% | $2.8Bvs $2.9B-2.6% |
| Q3 2025 | Jul 28, 2025 | $0.15vs $0.16-6.3% | $2.7Bvs $2.7B-0.1% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Telefônica Brasil S.A. (VIV)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $13.28 | $21.22B | 18.04 | 4.62% | 10.35% | 8.71% | 1.95% | |
| $4.33 | $24.41B | -65.09 | 1.63% | -5.53% | -9.54% | — | |
| $26.15 | $78.54B | 17.67 | 1.82% | 9.23% | 19.81% | — | |
| $5.77 | $5.02B | 12.10 | -96.34% | 7.85% | 7.54% | — | |
| $20.49 | $143.09B | 6.74 | 2.71% | 16.92% | 16.85% | — | |
| $42.59 | $177.84B | 10.49 | 2.52% | 12.46% | 16.47% | — |
Compare VIV vs Peers
Telefônica Brasil S.A. (VIV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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VIV Frequently Asked Questions
Telefônica Brasil S.A. (VIV) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Telefônica Brasil S.A.'s revenue?
Telefônica Brasil S.A. (VIV) reported $60.61B in revenue for fiscal year 2025. This represents a 1241% increase from $4.52B in 1998.
How fast is Telefônica Brasil S.A. growing?
Telefônica Brasil S.A. (VIV) grew revenue by 4.6% over the past year. Growth has been modest.
Is VIV profitable?
Yes, Telefônica Brasil S.A. (VIV) is profitable, generating $6.38B in net income for fiscal year 2025 (10.3% net margin).
Dividend & Returns
Does VIV pay dividends?
Yes, Telefônica Brasil S.A. (VIV) pays a dividend with a yield of 1.95%. This makes it attractive for income-focused investors.
What is VIV's return on equity?
Telefônica Brasil S.A. (VIV) has a return on equity (ROE) of 8.7%. This is below average, suggesting room for improvement.
What is Telefônica Brasil S.A.'s free cash flow?
Telefônica Brasil S.A. (VIV) generated $11.48B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.