VIV financial statements
The full income statement, balance sheet, and cash-flow statement for Telefonica Brasil S.A. American Depositary Shares (Each representing One Common Share) (VIV), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 4.77B+5.2% | 4.54B-0.1% | 4.54B+13.8% | 3.99B+11.9% | 3.57B-10.1% | ||
| Cost of revenue | 5.89B+1.4% | 5.81B-1.4% | 5.89B+10.8% | 5.31B+15.7% | 4.59B+4.3% | |
| Operating income | 1.76B+9.8% | 1.61B+1.4% | 1.59B+24.1% | 1.28B-2.7% | 1.31B+2.8% | |
| Interest expense | 792M+23.9% | 640M-27.1% | 878M+13.8% | 771M+70.7% | 452M+20.9% | |
| Pre-tax income | 1.30B+3.8% | 1.25B+12.3% | 1.12B+19.3% | 936M-15.3% | 1.10B-5.3% | |
| Income tax | 196M-12.5% | 223M+109.1% | 107M-28.7% | 150M+399.6% | -50.0M-120.8% | |
| 1.11B+7.4% | 1.03B+2.0% | 1.01B+28.4% | 786M-31.9% | 1.15B+24.7% | ||
| Net income to common | 1.10B+7.4% | 1.03B+2.1% | 1.01B+27.3% | 791M-31.6% | 1.16B+24.9% | |
| $0.68+9.2% | $0.63+2.9% | $0.61-35.6% | $0.95-31.3% | $1.38 | ||
| EPS (basic) | $0.68+9.2% | $0.63+2.9% | $0.61-35.6% | $0.95-31.3% | $1.38 | |
| Weighted-avg shares (basic) | 1.61B-1.9% | 1.64B-0.9% | 1.66B+98.5% | 835M-0.7% | 842M-0.3% | |
| Weighted-avg shares (diluted) | — | 822K-0.9% | 829K | — | — | |
| Dividends per share | $0.24-57.5% | $0.58-37.9% | $0.93-30.1% | $1.33+22.7% | $1.08-10.4% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 4.59B+24.4% | 3.69B-7.0% | 3.97B+21.3% | 3.27B-13.5% | 3.78B+3.0% | ||
| Cash & equivalents | 1.28B+18.3% | 1.08B+20.5% | 898M+108.8% | 430M-62.8% | 1.16B+4.4% | |
| Accounts receivable | 1.93B+26.2% | 1.53B-20.3% | 1.92B+16.8% | 1.64B+13.1% | 1.45B-7.7% | |
| Inventory | 269M+51.4% | 177M+4.6% | 170M+13.5% | 149M+30.1% | 115M-5.8% | |
| 23.3B+15.4% | 20.2B-18.8% | 24.9B+10.4% | 22.5B+8.5% | 20.8B-0.8% | ||
| Property, plant & equipment | 8.62B+13.9% | 7.57B-20.7% | 9.55B+9.9% | 8.68B+8.9% | 7.97B-6.6% | |
| Total non-current assets | 18.7B+13.4% | 16.5B-21.1% | 20.9B+8.6% | 19.3B+13.4% | 17.0B-1.6% | |
| Total current liabilities | 4.60B+17.2% | 3.92B-5.2% | 4.14B-1.3% | 4.19B+4.0% | 4.03B+17.2% | |
| Total liabilities | 10.8B+20.6% | 8.92B-15.4% | 10.5B+9.9% | 9.58B+16.9% | 8.20B+8.7% | |
| 12.5B+10.9% | 11.3B-21.4% | 14.3B+10.8% | 12.9B+3.1% | 12.6B-6.3% | ||
| Total equity incl. non-controlling | 12.6B+11.3% | 11.3B-21.3% | 14.3B+10.8% | 12.9B+3.0% | 12.6B-6.2% | |
| Common shares issued | 1.61B+98.4% | 813M+2458.8% | 31.8M | — | — | |
| Common shares outstanding | 1.60B-1.8% | 1.63B+96.9% | 826M-0.7% | 832M-0.8% | 838M-0.7% | |
| Shares outstanding (cover) | 1.60B+96.4% | 813M-1.6% | 826M-0.7% | 832M-0.8% | 838M | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.71B+0.7% | 3.68B-2.1% | 3.76B+2.5% | 3.67B+9.5% | 3.35B-10.8% | ||
| Depreciation & amortization | 2.67B+1.6% | 2.63B-1.9% | 2.68B+9.3% | 2.45B+9.9% | 2.23B+2.4% | |
| Capital expenditure | 1.69B-2.0% | 1.73B-2.1% | 1.76B-7.9% | 1.92B+11.2% | 1.72B+7.1% | |
| Free cash flow | 2.01B+3.1% | 1.95B-2.1% | 2.00B+14.0% | 1.75B+7.7% | 1.63B-24.2% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 3.58M-76.8% | 15.4M+156.0% | 6.01M-99.3% | 871M | 0.00 | |
| Long-term debt repaid | 936M+44.6% | 647M-27.4% | 891M-34.1% | 1.35B+87.1% | 723M-29.7% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 391M-16.6% | 469M-38.9% | 767M-30.6% | 1.11B+21.7% | 908M-11.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 18.9B+208.6% | 6.14B-32.5% | 9.10B+51.8% | 6.00B-17.3% | 7.25B-2.9% | |
| P/E | 17.1×+187.4% | 6.0×-48.5% | 11.6×+123.0% | 5.2×-17.3% | 6.3×-22.1% | |
| P/B | 1.5×+178.2% | 0.5×-22.6% | 0.7×+47.3% | 0.5×-17.3% | 0.6×+3.6% | |
| P/FCF | 9.4×+199.4% | 3.1×-39.5% | 5.2×+40.9% | 3.7×-17.3% | 4.5×+28.1% | |
| Earnings yield | 5.8%-65.2% | 16.8%+94.1% | 8.6%-55.2% | 19.3%+21.0% | 15.9%+28.4% | |
| FCF yield | 10.6%-66.6% | 31.8%+65.3% | 19.3%-29.0% | 27.1%+21.0% | 22.4%-21.9% | |
| Dividend yield | 2.1%-73.0% | 7.6%-10.0% | 8.5%-54.3% | 18.6%+48.4% | 12.5%-8.4% | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: VIV’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all VIV filings on SEC EDGAR → Not investment advice.