Telefónica, S.A. (TEFOF)

Telefónica Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	40,694	41,315	40,652	39,993	39,277	43,076
Other Revenue	842	820	803	783	-	873
Revenue	41,536	42,135	41,455	40,776	39,277	43,949
Revenue Growth (YoY)	3.10%	1.64%	1.67%	3.82%	-10.63%	-10.88%
Cost of Revenue	19,286	19,177	20,418	18,465	18,991	18,294
Gross Profit	22,250	22,958	21,037	22,311	20,286	25,655
Selling, General & Admin	185	179	155	86	80	89
Other Operating Expenses	9,066	9,402	9,735	10,110	9,510	11,551
Operating Expenses	17,893	18,380	18,687	18,992	17,987	20,999
Operating Income	4,357	4,578	2,350	3,319	2,299	4,656
Interest Expense	-2,264	-2,308	-2,041	-1,941	-1,564	-1,513
Interest & Investment Income	562	525	545	409	205	197
Earnings From Equity Investments	-367	-49	-2,162	217	-127	2
Currency Exchange Gain (Loss)	235	229	11	-86	50	182
Other Non Operating Income (Expenses)	-236	-235	-465	166	-145	-509
EBT Excluding Unusual Items	2,287	2,740	-1,762	2,084	718	3,015
Impairment of Goodwill	-900	-900	-58	-	-416	-519
Gain (Loss) on Sale of Assets	276	153	250	741	11,442	302
Asset Writedown	-1,436	-1,436	-	-77	-	-375
Legal Settlements	-	-	97	212	351	160
Pretax Income	227	557	-1,473	2,960	12,095	2,583
Income Tax Expense	523	348	-899	641	1,378	626
Earnings From Continuing Operations	-296	209	-574	2,319	10,717	1,957
Minority Interest in Earnings	-232	-258	-318	-308	-2,580	-375
Net Income	-2,354	-49	-892	2,011	8,137	1,582
Preferred Dividends & Other Adjustments	269	269	254	209	253	250
Net Income to Common	-2,623	-318	-1,146	1,802	7,884	1,332
Net Income Growth	-	-	-	-75.29%	414.35%	38.53%
Shares Outstanding (Basic)	4,849	5,636	5,668	5,740	5,864	5,953
Shares Outstanding (Diluted)	4,849	5,636	5,668	5,740	5,874	5,959
Shares Change (YoY)	-13.52%	-0.57%	-1.25%	-2.28%	-1.43%	2.77%
EPS (Basic)	-0.54	-0.06	-0.20	0.31	1.34	0.22
EPS (Diluted)	-0.55	-0.06	-0.20	0.31	1.34	0.22
EPS Growth	-	-	-	-76.87%	509.09%	48.22%
Free Cash Flow	4,886	5,204	5,488	5,413	3,540	5,667
Free Cash Flow Per Share	1.01	0.92	0.97	0.94	0.60	0.95
Dividend Per Share	0.150	0.300	0.300	0.300	0.300	0.400
Dividend Growth	-50.00%	-	-	-	-25.00%	-
Gross Margin	53.57%	54.49%	50.75%	54.72%	51.65%	58.37%
Operating Margin	10.49%	10.87%	5.67%	8.14%	5.85%	10.59%
Profit Margin	-6.31%	-0.76%	-2.76%	4.42%	20.07%	3.03%
Free Cash Flow Margin	11.76%	12.35%	13.24%	13.28%	9.01%	12.89%
EBITDA	8,634	9,732	7,632	10,051	9,047	12,413
EBITDA Margin	20.79%	23.10%	18.41%	24.65%	23.03%	28.24%
D&A For EBITDA	4,277	5,154	5,282	6,732	6,748	7,757
EBIT	4,357	4,578	2,350	3,319	2,299	4,656
EBIT Margin	10.49%	10.87%	5.67%	8.14%	5.85%	10.59%
Effective Tax Rate	230.40%	62.48%	-	21.65%	11.39%	24.23%

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.