VOD financial statements

The full income statement, balance sheet, and cash-flow statement for Vodafone Group Plc American Depositary Shares (VOD), 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)

2018-03 2.67B2019-03 2.72B2020-03 2.72B2021-03 2.88B2022-03 2.91B2023-03 2.78B2024-03 2.72B2025-03 2.61B2026-03 2.40B-9.9% over 8 periods

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.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2026	FY2025	FY2024	FY2023	FY2022
Income Statement	as ofMar 31 ’26	as ofMar 31 ’25	as ofMar 31 ’24	as ofMar 31 ’23	as ofMar 31 ’22
Revenue	46.9B YoY+16.7%	40.2B YoY+1.0%	39.8B YoY+1.6%	39.2B YoY-8.8%	43.0B YoY-15.7%
	14.8B YoY+9.9%	13.4B YoY+1.1%	13.3B YoY-4.0%	13.9B YoY-8.7%	15.2B YoY-5.1%
Cost of revenue	32.2B YoY+20.2%	26.8B YoY+0.9%	26.5B YoY+4.7%	25.4B YoY-8.9%	27.8B YoY-20.6%
Operating income	3.30B YoY+847.5%	-441M YoY-111.1%	3.98B YoY-73.6%	15.0B YoY+125.6%	6.67B YoY+11.6%
Interest expense	2.75B YoY+32.9%	2.07B YoY-27.2%	2.85B YoY+70.1%	1.67B YoY-21.7%	2.14B YoY+78.9%
Pre-tax income	2.16B YoY+236.2%	-1.59B YoY-190.3%	1.76B YoY-87.1%	13.6B YoY+182.3%	4.82B YoY-4.8%
Income tax	2.09B YoY-13.2%	2.41B YoY+4346.2%	54.2M YoY-89.4%	512M YoY-71.8%	1.81B YoY-59.7%
	-56.8M YoY+98.6%	-4.02B YoY-346.4%	1.63B YoY-87.3%	12.8B YoY+298.5%	3.22B YoY+472.6%
Net income to common	-460M YoY+89.7%	-4.48B YoY-462.0%	1.24B YoY-90.0%	12.3B YoY+374.1%	2.60B YoY+3681.3%
	-$0.17 YoY+89.6%	-$1.59 YoY-449.9%	$0.46 YoY-89.7%	$4.44 YoY+397.2%	$0.89 YoY+3729.7%
EPS (basic)	-$0.17 YoY+89.6%	-$1.59 YoY-449.0%	$0.46 YoY-89.7%	$4.45 YoY+397.0%	$0.90 YoY+3744.6%
	2.40B YoY-8.1%	2.61B YoY-3.4%	2.71B YoY-2.3%	2.77B YoY-4.6%	2.90B YoY-2.0%
	2.40B YoY-8.1%	2.61B YoY-3.7%	2.72B YoY-2.2%	2.78B YoY-4.6%	2.91B YoY-1.9%
Dividends per share	$0.53 YoY-28.1%	$0.73 YoY-24.4%	$0.97 YoY+4.3%	$0.93 YoY-5.7%	$0.99 YoY-98.1%
Balance Sheet	as ofMar 31 ’26	as ofMar 31 ’25	as ofMar 31 ’24	as ofMar 31 ’23	as ofMar 31 ’22
	—	—	—	33.4B YoY+8.6%	30.8B YoY-2.8%
Cash & equivalents	10.4B YoY-12.8%	11.9B YoY+78.4%	6.67B YoY-47.7%	12.8B YoY+52.6%	8.37B YoY+22.6%
Accounts receivable	12.2B YoY+20.2%	10.2B YoY+9.7%	9.28B YoY-20.5%	11.7B YoY-5.1%	12.3B YoY-4.0%
Inventory	689M YoY+3.2%	668M YoY+8.9%	613M YoY-41.2%	1.04B YoY+11.7%	933M YoY+17.7%
	150B YoY+8.0%	139B YoY-10.7%	156B YoY-8.1%	170B YoY-1.4%	172B YoY-5.4%
Property, plant & equipment	26.2B YoY+18.6%	22.1B YoY+5.5%	20.9B YoY-25.8%	28.2B YoY-38.0%	45.5B YoY-5.8%
Goodwill	25.3B YoY+14.1%	22.2B YoY-17.6%	26.9B YoY-10.5%	30.1B YoY-15.4%	35.6B YoY-4.3%
Total non-current assets	119B YoY+9.7%	108B YoY-4.4%	113B YoY-16.9%	136B YoY-3.5%	141B YoY-5.0%
	—	—	—	37.7B YoY+0.4%	37.6B YoY+11.6%
Short-term & current debt	—	—	—	—	13.4B YoY+34.2%
Long-term debt	52.6B YoY+5.4%	49.9B YoY-6.2%	53.2B YoY-9.2%	58.5B YoY-9.8%	64.9B YoY-6.6%
	58.5B YoY+2.5%	57.1B YoY-11.8%	64.7B YoY-6.4%	69.1B YoY+13.1%	61.1B YoY-6.5%
Total equity incl. non-controlling	62.8B YoY+7.7%	58.4B YoY-11.4%	65.8B YoY-6.4%	70.3B YoY+9.3%	64.3B YoY-5.0%
Cash Flow	as ofMar 31 ’26	as ofMar 31 ’25	as ofMar 31 ’24	as ofMar 31 ’23	as ofMar 31 ’22
	16.6B YoY+0.4%	16.5B YoY-8.1%	18.0B YoY-4.4%	18.8B YoY-10.5%	21.0B YoY+4.7%
Depreciation & amortization	14.4B YoY+24.5%	11.6B YoY+2.7%	11.3B YoY+5.8%	10.7B YoY-11.8%	12.1B YoY+2.0%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Long-term debt issued	7.05B YoY+40.4%	5.03B YoY+202.2%	1.66B YoY-60.8%	4.24B YoY+43.1%	2.96B YoY-41.7%
Long-term debt repaid	13.8B YoY-0.6%	13.9B YoY+43.0%	9.73B YoY-11.0%	10.9B YoY+35.7%	8.05B YoY-43.5%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	2.32B YoY+8.0%	2.15B	0.00 YoY-100.0%	586M YoY-83.8%	3.61B YoY+668.6%
Dividends paid	1.27B YoY-33.9%	1.92B YoY-27.2%	2.64B YoY+2.0%	2.59B YoY-10.0%	2.87B YoY+1.7%
Valuation Ratios	as ofMar 31 ’26	as ofMar 31 ’25	as ofMar 31 ’24	as ofMar 31 ’23	as ofMar 31 ’22
Market cap	36.1B YoY+47.3%	24.5B YoY-0.9%	24.7B YoY-19.4%	30.7B YoY-36.6%	48.4B YoY-8.9%
P/E	—	—	1.9× YoY-19.4%	2.4× YoY-84.1%	15.0× YoY-84.1%
P/S	0.8× YoY+26.2%	0.6× YoY-3.3%	0.6× YoY-19.4%	0.8× YoY-30.5%	1.1× YoY+8.1%
P/B	0.6× YoY+43.7%	0.4× YoY+20.0%	0.4× YoY-19.4%	0.4× YoY-43.9%	0.8× YoY-2.5%
	—	—	51.9% YoY+24.0%	41.9% YoY+528.8%	6.7% YoY+528.6%
	3.5% YoY-55.2%	7.8% YoY-28.2%	10.9% YoY+29.4%	8.4% YoY+41.9%	5.9% YoY-97.9%
Source filing	20-F	20-F	20-F	20-F	20-F

About this data

Source: VOD'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 VOD filings on SEC EDGAR → Not investment advice.