The earnings call provided a strong positive outlook with significant growth in revenue and EBITDAaL, successful M&A activities, and notable advancements in 5G network expansion. However, there remain challenges, particularly in Germany with underlying revenue growth and a slowdown in emerging markets' growth contribution due to moderating inflation.

Company Guidance

In the recent call, Vodafone provided guidance reflecting solid financial and operational performance. The group’s service revenue growth accelerated to 5.8% in Q2, supported by strong performance across Europe and Africa. Group EBITDAaL grew by 6.8% in the first half of the fiscal year, with nearly all markets posting growth. Vodafone anticipates closing the year at the upper end of their growth guidance set in May, with a positive outlook for sustainable cash flow growth into FY '26 and beyond. Operationally, the company highlighted significant progress in Germany and the U.K., with 5G network coverage surpassing 90% of the German population and the successful merger of Vodafone and Three in the U.K. The company returned over EUR 5 billion to shareholders through buybacks and dividends in the last 18 months, with an additional EUR 1 billion of buybacks planned over the next six months. Additionally, Vodafone announced a move to a progressive dividend policy, aiming for annual growth in dividends.

Strong Financial Performance

Group service revenue growth accelerated to 5.8% in Q2, and EBITDAaL grew by 6.8% in the first half of the fiscal year, with nearly all markets posting EBITDAaL growth.

Successful Mergers and Acquisitions

Completed the merger of Vodafone and Three in the U.K. and the acquisition of Telekom Romania's assets, strengthening market positions.

5G Network Expansion

In Germany, the 5G stand-alone network covers over 90% of the population, serving over 40 million customers, and in the U.K., GBP 11 billion network investment is enhancing coverage and speeds.

Operational Improvements

Boosted customer satisfaction and simplified operations, with significant improvements in customer journeys and the introduction of GenAI in customer care.

Strong African Market Performance

Achieved double-digit EBITDAaL growth in African markets, aligning with medium-term growth guidance.

Vodafone (VOD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

VOD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 19, 2026	2026 (Q4)	0.32 / -	-2.221	―	―	―
Nov 11, 2025	2026 (Q2)	0.49 / 0.80	0.415	93.25% (+0.39)	―
May 20, 2025	2025 (Q4)	0.23 / -2.22	0.407	-645.70% (-2.63)
Nov 12, 2024	2025 (Q2)	0.22 / 0.41	-0.139	398.56% (+0.55)
May 14, 2024	2024 (Q4)	0.54 / 0.41	4.204	-90.32% (-3.80)
Nov 14, 2023	2024 (Q2)	0.35 / -0.14	0.363	-138.29% (-0.50)
May 16, 2023	2023 (Q4)	0.71 / 4.20	0.316	1230.38% (+3.89)
Nov 15, 2022	2023 (Q2)	0.50 / 0.36	0.385	-5.71% (-0.02)
May 17, 2022	2022 (Q4)	0.44 / 0.32	-0.489	164.62% (+0.80)	―	―
Nov 16, 2021	2022 (Q2)	0.46 / 0.39	0.486	-20.78% (-0.10)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

VOD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 11, 2025	$11.70	$12.67	+8.29%
May 20, 2025	$9.42	$10.15	+7.75%
Nov 12, 2024	$8.88	$8.07	-9.12%
May 14, 2024	$7.95	$8.33	+4.78%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.