Telefônica Brasil S.A (VIV) Income Statement
VIV 2025 at a glance
Fiscal year ended December 31, 2025 · Brazilian reaisVIV revenue and net income
Where VIV's revenue goes
2025Each bar shows an amount and its share of revenue. VIV kept 10.3% of revenue as net income.
VIV profit margins
VIV growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.6% | +6.7% | +6.3% | +3.8% |
| Gross profit | −3.6% | +4.6% | +2.9% | +1.7% |
| Operating income | +2.6% | +10.5% | +6.2% | +5.4% |
| Net income | +9.0% | +14.0% | +4.9% | +6.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VIV income statement in Brazilian reais
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | R$58.42B | R$55.85B | R$52.10B | R$48.04B | R$44.03B | R$43.13B | R$44.27B | R$43.46B | R$43.21B | R$42.51B |
| Cost of revenue | R$34.80B | R$31.35B | R$29.42B | R$27.43B | R$24.78B | R$22.69B | R$22.16B | R$21.03B | R$20.27B | R$20.82B |
| Gross profit | R$23.62B | R$24.49B | R$22.68B | R$20.61B | R$19.25B | R$20.43B | R$22.11B | R$22.44B | R$22.93B | R$21.69B |
| Sales, general & admin | R$12.87B | R$12.06B | R$11.57B | R$12.03B | R$10.34B | R$13.44B | R$14.34B | R$1.99B | R$15.07B | R$11.72B |
| Total operating expenses | R$14.72B | R$15.82B | R$14.77B | R$14.01B | R$12.17B | R$13.85B | R$14.89B | R$12.98B | R$16.30B | R$15.32B |
| Operating income | R$8.90B | R$8.67B | R$7.92B | R$6.60B | R$7.09B | R$6.58B | R$7.21B | R$9.46B | R$6.63B | R$6.37B |
| Interest income | R$1.17B | R$866.1M | R$701.6M | R$726.0M | R$1.13B | R$396.5M | R$449.8M | R$364.6M | R$779.9M | R$824.2M |
| Interest expense | R$2.46B | R$577.2M | R$451.7M | R$2.20B | R$924.0M | R$777.8M | R$247.3M | R$510.4M | R$1.07B | R$361.4M |
| Income before taxes | R$7.13B | R$6.76B | R$5.57B | R$4.83B | R$5.96B | R$6.01B | R$6.39B | R$11.28B | R$5.73B | R$5.13B |
| Income taxes | R$1.07B | R$1.21B | R$533.9M | R$773.7M | −R$269.8M | R$1.24B | R$1.39B | R$2.35B | R$1.12B | R$1.05B |
| Net income | R$6.05B | R$5.55B | R$5.03B | R$4.09B | R$6.24B | R$4.77B | R$5.00B | R$8.93B | R$4.61B | R$4.09B |
| EBITDA | R$24.53B | R$21.54B | R$19.52B | R$17.84B | R$18.19B | R$17.36B | R$17.46B | R$19.83B | R$13.72B | R$13.07B |
| Gross margin | 40.4% | 43.9% | 43.5% | 42.9% | 43.7% | 47.4% | 49.9% | 51.6% | 53.1% | 51.0% |
| Operating margin | 15.2% | 15.5% | 15.2% | 13.7% | 16.1% | 15.3% | 16.3% | 21.8% | 15.3% | 15.0% |
| Net margin | 10.3% | 9.9% | 9.7% | 8.5% | 14.2% | 11.1% | 11.3% | 20.5% | 10.7% | 9.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Mar '25 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | R$15.76B | R$15.17B | R$15.85B | R$14.95B | R$14.39B | R$13.55B | R$13.53B | R$13.11B | R$12.73B | R$12.72B | R$12.66B | R$12.20B |
| Cost of revenue | R$2.94B | R$9.00B | R$9.51B | R$8.14B | R$8.04B | R$2.54B | R$7.70B | R$2.48B | R$7.05B | R$7.21B | R$7.25B | R$7.05B |
| Gross profit | R$12.81B | R$6.17B | R$6.34B | R$6.80B | R$6.35B | R$11.01B | R$5.83B | R$10.63B | R$5.69B | R$5.51B | R$5.41B | R$5.15B |
| Sales, general & admin | R$2.08B | R$2.02B | R$3.29B | R$3.19B | R$3.20B | R$2.96B | R$2.98B | R$3.02B | R$2.81B | R$2.76B | R$2.78B | R$2.67B |
| Total operating expenses | R$10.22B | R$3.92B | R$3.87B | R$4.04B | R$4.37B | R$9.10B | R$3.58B | R$8.51B | R$3.82B | R$3.83B | R$3.44B | R$3.42B |
| Operating income | R$2.60B | R$2.24B | R$2.47B | R$2.77B | R$1.98B | R$1.91B | R$2.25B | R$2.12B | R$1.87B | R$1.68B | R$1.96B | R$1.73B |
| Interest income | R$269.8M | R$284.2M | R$279.1M | R$304.5M | R$271.1M | R$195.8M | R$8.6M | R$87.4M | R$346.5M | R$533.0M | R$148.0M | R$472.5M |
| Interest expense | R$126.6M | R$638.2M | R$618.0M | R$115.4M | R$746.7M | R$639.6M | R$112.7M | R$122.5M | R$103.8M | R$127.9M | R$105.7M | R$117.6M |
| Income before taxes | R$1.88B | R$1.57B | R$2.23B | R$2.10B | R$1.42B | R$1.22B | R$1.62B | R$1.55B | R$1.39B | R$1.02B | R$1.36B | R$1.69B |
| Income taxes | R$316.0M | R$340.1M | R$306.8M | R$215.0M | R$359.5M | R$328.0M | R$12.9M | R$71.0M | R$265.6M | R$183.9M | R$231.1M | R$252.5M |
| Net income | R$1.57B | R$1.24B | R$1.91B | R$1.89B | R$1.06B | R$895.6M | R$1.60B | R$1.47B | R$1.12B | R$834.7M | R$1.13B | R$1.44B |
| EBITDA | R$6.58B | R$6.10B | R$6.67B | R$6.01B | R$5.88B | R$5.28B | R$5.27B | R$5.54B | R$4.74B | R$4.94B | R$4.73B | R$5.01B |
| Gross margin | 81.3% | 40.6% | 40.0% | 45.5% | 44.2% | 81.3% | 43.1% | 81.0% | 44.7% | 43.3% | 42.7% | 42.2% |
| Operating margin | 16.5% | 14.8% | 15.6% | 18.5% | 13.8% | 14.1% | 16.6% | 16.2% | 14.7% | 13.2% | 15.5% | 14.2% |
| Net margin | 10.0% | 8.2% | 12.0% | 12.6% | 7.4% | 6.6% | 11.8% | 11.2% | 8.8% | 6.6% | 8.9% | 11.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in Brazilian reais as reported in VIV's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VIV financial results
In fiscal year 2025 (ended December 31, 2025), Telefônica Brasil S.A reported revenue of R$58.4 billion, up 4.6% from the year before. It had net income of R$6.0 billion (up 9.0%), a net profit margin of 10.3%. Over five years revenue grew at an average rate of 6.3% a year. Figures are in Brazilian reais, the currency of its financial statements.
See the VIV stock overview for the latest quote and news, or the VIV chart for price history and technical indicators.
VIV income statement FAQ
What is Telefônica Brasil S.A's annual revenue?
Telefônica Brasil S.A reported total revenue of R$58.4 billion for fiscal year 2025, which ended on December 31, 2025. That was up 4.6% from R$55.8 billion the previous year.
Is Telefônica Brasil S.A profitable?
Yes. Telefônica Brasil S.A reported net income of R$6.0 billion in fiscal 2025, a net profit margin of 10.3%; its operating margin was 15.2%.
What is Telefônica Brasil S.A's gross margin?
Telefônica Brasil S.A's gross margin was 40.4% in fiscal 2025: for every $100 of revenue, Telefônica Brasil S.A kept $40 after the direct cost of its products and services.
How fast is Telefônica Brasil S.A growing?
Revenue grew 6.3% a year on average over the last five fiscal years, from R$43.1 billion to R$58.4 billion.
When will Telefônica Brasil S.A report its next earnings?
Telefônica Brasil S.A is expected to report results for the quarter ending September 30, 2026 on October 29, 2026.
When does Telefônica Brasil S.A's fiscal year end?
Telefônica Brasil S.A's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.