Vodafone Group operating income 1986–2026
Vodafone Group's operating income in H2 FY2026, the six months to 31 March 2026, was 1.13B EUR, against a loss of 2.79B EUR on the same half a year before. Vodafone Group's operating income in fiscal year 2026 was 3.51B EUR, against a loss of 411.00M EUR on the year before.
Last updated 6 Nov 2026 · Next report 10 Nov 2026
Operating income
Growth
| Fiscal year | Period ending | Operating income | Growth | Operating margin | Gross profit | Gross margin | EBITDA |
|---|---|---|---|---|---|---|---|
| TTM | 31 Mar 2026 | 3.51B | — | 8.61% | 12.82B | 31.47% | 16.81B |
| FY2026 | 31 Mar 2026 | 3.51B | — | 8.61% | 12.82B | 31.47% | 16.81B |
| FY2025 | 31 Mar 2025 | -411.00M | -111.21% | -1.10% | 12.52B | 33.43% | 11.61B |
| FY2024 | 31 Mar 2024 | 3.67B | -74.64% | 9.98% | 12.26B | 33.39% | 14.78B |
| FY2023 | 31 Mar 2023 | 14.45B | +151.76% | 38.36% | 13.31B | 35.34% | 25.79B |
| FY2022 | 31 Mar 2022 | 5.74B | +11.91% | 15.51% | 13.06B | 35.29% | 16.86B |
| FY2021 | 31 Mar 2021 | 5.13B | +5.95% | 11.71% | 13.72B | 31.32% | 21.01B |
| FY2020 | 31 Mar 2020 | 4.84B | +14.14% | 10.54% | 12.34B | 26.88% | 20.37B |
| FY2019 | 31 Mar 2019 | 4.24B | -12.03% | 9.43% | 11.77B | 26.16% | 9.70B |
| FY2018 | 31 Mar 2018 | 4.82B | +54.57% | 10.35% | 13.80B | 29.63% | 15.23B |
| FY2017 | 31 Mar 2017 | 3.12B | +78.63% | 6.55% | 13.06B | 27.41% | 14.21B |
| FY2016 | 31 Mar 2016 | 1.75B | -35.08% | 3.36% | 13.36B | 25.72% | 13.53B |
| FY2015 | 31 Mar 2015 | 2.69B | -7.70% | 4.66% | 15.51B | 26.87% | 13.26B |
| FY2014 | 31 Mar 2014 | 2.91B | — | 6.28% | 12.59B | 27.13% | 4.36B |
| FY2013 | 31 Mar 2013 | -2.61B | -120.76% | -5.79% | 13.61B | 30.16% | 5.23B |
| FY2012 | 31 Mar 2012 | 12.58B | +97.57% | 27.01% | 13.95B | 29.93% | 14.76B |
| FY2011 | 31 Mar 2011 | 6.37B | -40.15% | 12.20% | 17.15B | 32.84% | 13.37B |
| FY2010 | 31 Mar 2010 | 10.64B | +68.27% | 21.32% | 16.88B | 33.80% | 19.50B |
| FY2009 | 31 Mar 2009 | 6.32B | -49.90% | 14.28% | 16.39B | 37.00% | 13.69B |
| FY2008 | 31 Mar 2008 | 12.62B | — | 28.32% | 17.07B | 38.30% | 20.43B |
| FY2007 | 31 Mar 2007 | -2.30B | — | -5.03% | 18.24B | 39.80% | 5.22B |
| FY2006 | 31 Mar 2006 | -20.20B | -276.01% | -47.99% | 17.61B | 41.84% | -11.85B |
| FY2005 | 31 Mar 2005 | 11.47B | — | 29.50% | 15.86B | 40.78% | 19.53B |
| FY2004 | 31 Mar 2004 | -7.15B | — | -14.23% | 21.16B | 42.09% | 19.12B |
| FY2003 | 31 Mar 2003 | -7.67B | — | -17.43% | 18.13B | 41.19% | 15.35B |
| FY2002 | 31 Mar 2002 | -16.97B | — | -45.42% | 15.37B | 41.14% | 5.72B |
| FY2001 | 31 Mar 2001 | -10.42B | -736.95% | -42.92% | 10.20B | 42.01% | 7.71B |
| FY2000 | 31 Mar 2000 | 1.64B | +29.09% | 12.46% | 7.12B | 54.27% | 4.16B |
| FY1999 | 31 Mar 1999 | 1.27B | +30.15% | 25.20% | 2.77B | 55.02% | 1.71B |
| FY1998 | 31 Mar 1998 | 973.37M | +39.19% | 25.37% | 3.84B | 100.00% | 1.37B |
| FY1997 | 31 Mar 1997 | 699.31M | +23.56% | 28.32% | 1.39B | 56.48% | 1.03B |
| FY1996 | 31 Mar 1996 | 565.94M | +31.29% | 33.22% | 967.77M | 56.81% | 730.70M |
| FY1995 | 31 Mar 1995 | 431.08M | -0.91% | 30.66% | 804.25M | 57.20% | 568.79M |
| FY1994 | 31 Mar 1994 | 435.02M | +13.66% | 39.69% | 706.16M | 64.43% | 572.00M |
| FY1993 | 31 Mar 1993 | 382.75M | +3.88% | 46.30% | 588.18M | 71.14% | 488.82M |
| FY1992 | 31 Mar 1992 | 368.46M | +3.52% | 45.02% | 818.48M | 100.00% | 467.01M |
| FY1991 | 31 Mar 1991 | 355.94M | +58.66% | 45.96% | 429.46M | 55.45% | 427.61M |
| FY1990 | 31 Mar 1990 | 224.33M | +61.80% | 40.61% | 350.38M | 63.43% | 270.32M |
| FY1989 | 31 Mar 1989 | 138.65M | +81.25% | 37.62% | 170.00M | 46.12% | 177.15M |
| FY1988 | 31 Mar 1988 | 76.50M | +445.66% | 37.00% | 98.16M | 47.47% | 97.52M |
| FY1987 | 31 Mar 1987 | 14.02M | — | 14.78% | 27.60M | 29.10% | 7.74M |
| FY1986 | 31 Mar 1986 | -27.65M | — | -50.56% | 54.68M | 100.00% | -20.30M |
| Quarter | Period ending | Operating income | Growth on a year before | Operating margin | Gross profit | Gross margin | EBITDA |
|---|---|---|---|---|---|---|---|
| H2 FY2026 | 31 Mar 2026 | 1.13B | — | 5.34% | 6.44B | 30.47% | 6.33B |
| H1 FY2026 | 30 Sept 2025 | 2.16B | -9.24% | 11.03% | 6.38B | 32.54% | 7.81B |
| H2 FY2025 | 31 Mar 2025 | -2.79B | -238.96% | -14.57% | 6.37B | 33.20% | 7.50B |
| H1 FY2025 | 30 Sept 2024 | 2.38B | +43.93% | 13.03% | 6.15B | 33.67% | 7.69B |
| H2 FY2024 | 31 Mar 2024 | 2.01B | -28.72% | 13.60% | 5.60B | 37.88% | 6.27B |
| H1 FY2024 | 30 Sept 2023 | 1.66B | -44.24% | 7.54% | 6.66B | 30.36% | 6.75B |
| H2 FY2023 | 31 Mar 2023 | 2.82B | -11.69% | 19.89% | 5.73B | 40.45% | 15.01B |
| H1 FY2023 | 30 Sept 2022 | 2.97B | +13.28% | 12.94% | 7.35B | 32.05% | 9.37B |
| H2 FY2022 | 31 Mar 2022 | 3.19B | +83.19% | 13.83% | 7.61B | 32.97% | 9.74B |
| H1 FY2022 | 30 Sept 2021 | 2.62B | -21.88% | 11.65% | 7.39B | 32.87% | 9.49B |
| H2 FY2021 | 31 Mar 2021 | 1.74B | -50.51% | 7.79% | 7.05B | 31.50% | 8.44B |
| H1 FY2021 | 30 Sept 2020 | 3.35B | +41.71% | 15.65% | 6.67B | 31.14% | 9.09B |
| H2 FY2020 | 31 Mar 2020 | 3.52B | +95.02% | 15.29% | 7.36B | 31.96% | 8.50B |
| H1 FY2020 | 30 Sept 2019 | 2.37B | +5.10% | 10.56% | 7.08B | 31.58% | 9.84B |
| H2 FY2019 | 31 Mar 2019 | 1.81B | -31.25% | 8.28% | 6.83B | 31.31% | 4.65B |
| H1 FY2019 | 30 Sept 2018 | 2.25B | +9.00% | 10.31% | 6.68B | 30.55% | 7.12B |
| H2 FY2018 | 31 Mar 2018 | 2.63B | +141.45% | 11.18% | 6.93B | 29.51% | 5.70B |
| H1 FY2018 | 30 Sept 2017 | 2.07B | +43.27% | 8.95% | 6.87B | 29.76% | 7.30B |
| H2 FY2017 | 31 Mar 2017 | 1.09B | +73.78% | 4.61% | 6.53B | 27.71% | 4.52B |
| H1 FY2017 | 30 Sept 2016 | 1.44B | +28.75% | 6.00% | 6.52B | 27.11% | 6.99B |
| H2 FY2016 | 31 Mar 2016 | 626.08M | — | 2.63% | 5.90B | 24.78% | 5.95B |
| H1 FY2016 | 30 Sept 2015 | 1.12B | -8.47% | 3.98% | 7.47B | 26.52% | 7.58B |
| H1 FY2015 | 30 Sept 2014 | 1.22B | -48.15% | 4.59% | 6.78B | 25.42% | 7.29B |
| H2 FY2014 | 31 Mar 2014 | 1.39B | — | 5.95% | 6.00B | 25.72% | 4.82B |
| H1 FY2014 | 30 Sept 2013 | 2.36B | — | 10.35% | 6.51B | 28.56% | 6.48B |
| H2 FY2013 | 31 Mar 2013 | -1.31B | -120.76% | -5.79% | 6.81B | 30.16% | 1.41B |
| H1 FY2013 | 30 Sept 2012 | -1.31B | -120.76% | -5.79% | 6.81B | 30.16% | 2.61B |
| H2 FY2012 | 31 Mar 2012 | 6.29B | +97.57% | 27.01% | 6.97B | 29.93% | 7.38B |
| H1 FY2012 | 30 Sept 2011 | 6.29B | +97.57% | 27.01% | 6.97B | 29.93% | 7.38B |
| H2 FY2011 | 31 Mar 2011 | 3.18B | -40.15% | 12.20% | 8.58B | 32.84% | 6.68B |
| H1 FY2011 | 30 Sept 2010 | 3.18B | -40.15% | 12.20% | 8.58B | 32.84% | 6.68B |
| H2 FY2010 | 31 Mar 2010 | 5.32B | +68.27% | 21.32% | 8.44B | 33.80% | 9.75B |
| H1 FY2010 | 30 Sept 2009 | 5.32B | +68.27% | 21.32% | 8.44B | 33.80% | 9.75B |
| H2 FY2009 | 31 Mar 2009 | 3.16B | -49.90% | 14.28% | 8.19B | 37.00% | 6.84B |
| H1 FY2009 | 30 Sept 2008 | 3.16B | -49.90% | 14.28% | 8.19B | 37.00% | 6.84B |
| H2 FY2008 | 31 Mar 2008 | 6.31B | — | 28.32% | 8.54B | 38.30% | 10.21B |
| H1 FY2008 | 30 Sept 2007 | 6.31B | — | 28.32% | 8.54B | 38.30% | 10.21B |
| H2 FY2007 | 31 Mar 2007 | -1.15B | — | -5.03% | 9.12B | 39.80% | 2.61B |
| H1 FY2007 | 30 Sept 2006 | -1.15B | — | -5.03% | 9.12B | 39.80% | 2.61B |
| H2 FY2006 | 31 Mar 2006 | -10.10B | -276.01% | -47.99% | 8.80B | 41.84% | -5.93B |
| H1 FY2006 | 30 Sept 2005 | -10.10B | -276.01% | -47.99% | 8.80B | 41.84% | -5.93B |
| H2 FY2005 | 31 Mar 2005 | 5.74B | — | 29.50% | 7.93B | 40.78% | 9.76B |
| H1 FY2005 | 30 Sept 2004 | 5.74B | — | 29.50% | 7.93B | 40.78% | 9.76B |
| H2 FY2004 | 31 Mar 2004 | -3.58B | — | -14.23% | 10.58B | 42.09% | 9.56B |
| H1 FY2004 | 30 Sept 2003 | -3.58B | — | -14.23% | 10.58B | 42.09% | 9.56B |
| H2 FY2003 | 31 Mar 2003 | -3.84B | — | -17.43% | 9.07B | 41.19% | 7.67B |
| H1 FY2003 | 30 Sept 2002 | -3.84B | — | -17.43% | 9.07B | 41.19% | 7.67B |
| H2 FY2002 | 31 Mar 2002 | -8.48B | — | -45.42% | 7.68B | 41.14% | 2.86B |
| H1 FY2002 | 30 Sept 2001 | -8.48B | — | -45.42% | 7.68B | 41.14% | 2.86B |
| H2 FY2001 | 31 Mar 2001 | -5.21B | -736.95% | -42.92% | 5.10B | 42.01% | 3.85B |
| H1 FY2001 | 30 Sept 2000 | -5.21B | -736.95% | -42.92% | 5.10B | 42.01% | 3.85B |
| H2 FY2000 | 31 Mar 2000 | 817.67M | +29.09% | 12.46% | 3.56B | 54.27% | 2.08B |
| H1 FY2000 | 30 Sept 1999 | 817.67M | +29.09% | 12.46% | 3.56B | 54.27% | 1.86B |
| H2 FY1999 | 31 Mar 1999 | 633.43M | — | 25.20% | 1.38B | 55.02% | 856.02M |
| H1 FY1999 | 30 Sept 1998 | 633.43M | -62.68% | 25.20% | 1.38B | 55.02% | 729.51M |
| H2 FY1998 | 31 Mar 1998 | -723.96M | — | -33.84% | 2.14B | 100.00% | -323.14M |
| H1 FY1998 | 30 Sept 1997 | 1.70B | +39.09% | 100.00% | 1.70B | 100.00% | 1.81B |
| H2 FY1997 | 31 Mar 1997 | -521.02M | -284.12% | -45.88% | 1.14B | 100.00% | -412.09M |
| H1 FY1997 | 30 Sept 1996 | 1.22B | +331.25% | 91.49% | 259.19M | 19.43% | 1.38B |
| H2 FY1996 | 31 Mar 1996 | 282.97M | — | 33.22% | 483.89M | 56.81% | 365.35M |
| H1 FY1996 | 30 Sept 1995 | 282.97M | -62.58% | 33.22% | 483.89M | 56.81% | 365.35M |
| H2 FY1995 | 31 Mar 1995 | -325.18M | — | -50.05% | 48.00M | 7.39% | -187.46M |
| H1 FY1995 | 30 Sept 1994 | 756.25M | — | 100.00% | 756.25M | 100.00% | 807.73M |
| H2 FY1994 | 31 Mar 1994 | -61.28M | — | -10.22% | 209.85M | 35.00% | 75.70M |
| H1 FY1994 | 30 Sept 1993 | — | — | — | — | — | — |
| H2 FY1993 | 31 Mar 1993 | — | — | — | — | — | — |
| H1 FY1993 | 30 Sept 1992 | — | — | — | — | — | — |
| H2 FY1992 | 31 Mar 1992 | — | — | — | — | — | — |
| H1 FY1992 | 30 Sept 1991 | — | — | — | — | — | — |
| H2 FY1991 | 31 Mar 1991 | — | — | — | — | — | — |
| H1 FY1991 | 30 Sept 1990 | — | — | — | — | — | — |
| H2 FY1990 | 31 Mar 1990 | — | — | — | — | — | — |
| H1 FY1990 | 30 Sept 1989 | — | — | — | — | — | — |
| H2 FY1989 | 31 Mar 1989 | — | — | — | — | — | — |
| H1 FY1989 | 30 Sept 1988 | — | — | — | — | — | — |
| H2 FY1988 | 31 Mar 1988 | — | — | — | — | — | — |
| H1 FY1988 | 30 Sept 1987 | — | — | — | — | — | — |
| H2 FY1987 | 31 Mar 1987 | — | — | — | — | — | — |
| H1 FY1987 | 30 Sept 1986 | — | — | — | — | — | — |
| H2 FY1986 | 31 Mar 1986 | — | — | — | — | — | — |
| H1 FY1986 | 30 Sept 1985 | — | — | — | — | — | — |
Figures in EUR. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
See also:Revenue,Net income,EPS,Shares outstanding,Cash on hand,Total debt,Free cash flow,Stock buybacks,Income statement
Common questions about Vodafone Group's operating income
Source: Financial Modeling Prep
