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Telefonica Brasil
(NYSE:VIV)
Telefonica Brasil (VIV) vs. SPDR S&P 500 ETF (SPY)
Telefonica Brasil Business Overview & Revenue Model
Telefonica Brasil Earnings Call Summary
Telefonica Brasil Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 58.57B | 55.85B | 52.10B | 48.04B | 44.03B | 43.13B |
| Gross Profit | 25.93B | 24.49B | 22.68B | 20.61B | 19.25B | 20.43B |
| EBITDA | 21.95B | 21.54B | 19.52B | 17.84B | 18.19B | 17.36B |
| Net Income | 6.05B | 5.55B | 5.03B | 4.09B | 6.24B | 4.77B |
Balance Sheet | ||||||
| Total Assets | 123.90B | 124.94B | 120.74B | 119.12B | 115.74B | 108.74B |
| Cash, Cash Equivalents and Short-Term Investments | 6.80B | 6.69B | 4.36B | 2.27B | 6.45B | 5.76B |
| Total Debt | 18.11B | 20.75B | 18.74B | 19.30B | 16.93B | 13.24B |
| Total Liabilities | 55.40B | 55.14B | 51.11B | 50.67B | 45.66B | 39.18B |
| Stockholders Equity | 68.44B | 69.73B | 69.57B | 68.40B | 70.01B | 69.56B |
Cash Flow | ||||||
| Free Cash Flow | 10.42B | 10.55B | 9.97B | 9.05B | 8.78B | 11.05B |
| Operating Cash Flow | 20.14B | 19.88B | 18.79B | 18.94B | 18.07B | 19.34B |
| Investing Cash Flow | -9.38B | -8.91B | -7.85B | -14.20B | -8.13B | -6.41B |
| Financing Cash Flow | -10.77B | -8.63B | -8.85B | -8.91B | -9.26B | -10.56B |
Telefonica Brasil Technical Analysis
Telefonica Brasil Risk Analysis
Telefonica Brasil Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $10.01B | 13.90 | 14.93% | 7.82% | -4.90% | 14.83% | |
77 Outperform | $20.01B | 18.29 | 8.36% | 5.03% | -3.16% | 4.70% | |
75 Outperform | $20.67B | 16.16 | 15.54% | 6.14% | -5.21% | -7.45% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $62.96B | 16.52 | 17.70% | 2.69% | 1.14% | 83.48% | |
58 Neutral | $31.90B | -7.20 | -7.08% | 3.77% | 19.67% | -278.51% | |
45 Neutral | $22.58B | -9.89 | -0.70% | 7.47% | -5.49% | -75.51% |
Telefonica Brasil Corporate Events
On December 29, 2025, Telefônica Brasil announced a recalculation of the interest on capital per share that had been declared by its board of directors on December 16, 2025, adjusting the figures to reflect recent share repurchases under its share buyback program. The gross amount per share was slightly increased from R$0.10945864515 to R$0.10952537999, with the corresponding net amount after 15% withholding tax moving from R$0.09303984838 to R$0.09309657299, to be credited to shareholders of record as of the end of trading on December 29, 2025, with payment to be made by April 30, 2026 and the shares trading ex-interest after the record date; the move underscores the company’s ongoing capital-return policy and the mechanical impact of buybacks on per-share distributions for investors.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On December 16, 2025, Telefônica Brasil S.A. announced that its Board of Directors approved the declaration of Interest on Capital (IoC) amounting to R$350 million, with a net amount of R$297.5 million after tax deductions. This decision, based on the balance sheet of November 30, 2025, will contribute to the mandatory dividends for the fiscal year ending December 31, 2025. Shareholders will receive payments based on their shareholding position as of December 29, 2025, with the distribution scheduled by April 30, 2026. This move is part of the company’s ongoing strategy to provide returns to its investors and may be adjusted according to the shareholding base due to the company’s Share Buyback Program.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On December 16, 2025, Telefonica Brasil’s Board of Directors approved a proposal for the declaration of Interest on Capital (IoC) amounting to R$350 million gross, based on the balance sheet as of November 30, 2025. The net amount of R$297.5 million will be attributed to the mandatory dividend for the fiscal year ending December 31, 2025, with payments expected by April 30, 2026. This decision reflects the company’s commitment to shareholder returns and may influence its financial strategy and market perception.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On December 15, 2025, Telefônica Brasil S.A.’s Fiscal Council held its 255th meeting, where it unanimously approved a proposal for the declaration of Interest on Capital (IoC) amounting to R$350 million gross. This decision, based on the balance sheet of November 30, 2025, will impact shareholders with IoC payments scheduled by April 30, 2026, contributing to the company’s fiscal year dividends and reflecting its commitment to shareholder returns.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On December 9, 2025, Telefônica Brasil announced the completion of its indirect subsidiary’s acquisition of CyberCo Brasil, a company specializing in integrated cybersecurity solutions. This strategic move, valued at up to R$232 million, aims to enhance Telefônica Brasil’s portfolio in information security, optimize service offerings, and accelerate growth in digital solutions, reflecting a customer-centric approach. The transaction, which includes an asset purchase agreement for software licenses, was independently valued and aligns with market practices, requiring no further regulatory approvals.
The most recent analyst rating on (VIV) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On December 9, 2025, Telefonica Brasil announced that its Board of Directors approved a proposal for a capital stock reduction of R$4.0 billion, which will be deliberated by shareholders in an upcoming extraordinary meeting. This move aims to optimize the company’s capital structure, offering greater flexibility in capital allocation and enhancing shareholder value. If approved, the capital reduction will be executed without canceling shares and will be completed by July 31, 2026, subject to a 60-day period following the publication of the meeting’s minutes.
The most recent analyst rating on (VIV) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On December 9, 2025, Telefônica Brasil S.A.’s Board of Directors approved a proposal to reduce the company’s capital stock by R$4 billion, from R$60.07 billion to R$56.07 billion, without canceling shares. This decision aims to reimburse shareholders a portion of their share value, maintaining their participation in the company’s capital unchanged. The reduction, subject to approval at an extraordinary general meeting, reflects strategic financial management and could impact shareholder returns and the company’s financial structure.
The most recent analyst rating on (VIV) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On December 5, 2025, Telefonica Brasil’s Fiscal Council held a meeting to discuss a proposal to reduce the company’s capital stock by R$4 billion. This reduction, which does not involve the cancellation of shares, aims to reimburse shareholders part of the value of their shares. The Fiscal Council unanimously approved the proposal, which will be presented at an extraordinary shareholders’ meeting. If approved, the reduction will be implemented within 60 days, with payments to shareholders expected by July 31, 2026. This strategic financial move is significant for stakeholders as it involves a substantial capital adjustment while maintaining shareholder participation unchanged.
The most recent analyst rating on (VIV) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On December 5, 2025, Telefônica Brasil S.A.’s Audit and Control Committee held a meeting to discuss and approve a proposal to reduce the company’s capital stock by R$4 billion. This reduction, which does not involve the cancellation of shares, aims to reimburse shareholders and will be finalized by July 31, 2026, pending approval from an extraordinary shareholders’ meeting. The move is part of a strategic financial adjustment, potentially impacting shareholder returns and the company’s financial structure.
The most recent analyst rating on (VIV) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On January 9, 2026, Telefônica Brasil S.A. will hold an Extraordinary Shareholders’ Meeting to discuss several key agenda items, including the ratification of its acquisition of shares in Fibrasil Infraestrutura e Fibra Ótica S.A. This strategic move, initially agreed upon in July 2025, involves acquiring shares from CDPQ and Fibre Brasil Participações S.A., and is expected to enhance Telefônica Brasil’s infrastructure capabilities. The meeting will also address amendments to the company’s bylaws and the ratification of actions taken by management to facilitate this acquisition, reflecting the company’s ongoing efforts to strengthen its market position.
The most recent analyst rating on (VIV) stock is a Buy with a $14.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On November 27, 2025, Telefonica Brasil’s Board of Directors held a meeting to approve a proposal to amend the company’s corporate purpose and bylaws. The amendment aims to expand and clarify the company’s activities, reflecting its strategic positioning and business opportunities without altering its main line of business. Additionally, the board approved the convening of an Extraordinary Shareholders’ Meeting on January 9, 2026, to deliberate on these changes.
The most recent analyst rating on (VIV) stock is a Buy with a $14.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
Telefônica Brasil S.A. announced that it will pay Interest on Capital (IoC) to its shareholders on December 2, 2025, for amounts declared in the first quarter of 2025. The total gross amount of R$380 million will be distributed, with the net amount contributing to the mandatory minimum dividend for the fiscal year ending December 31, 2025. This decision reflects the company’s commitment to returning value to its shareholders and maintaining a strong financial position.
The most recent analyst rating on (VIV) stock is a Buy with a $14.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On November 24, 2025, Telefônica Brasil S.A. announced a recalculation of the Interest on Capital amount per share, initially declared on November 13, 2025. This adjustment follows the company’s share buyback program, slightly increasing the gross and net amounts per share. The payment will be based on the shareholding position as of November 24, 2025, with execution planned by April 30, 2026. This recalibration reflects Telefônica Brasil’s ongoing financial strategies and impacts shareholder returns.
The most recent analyst rating on (VIV) stock is a Buy with a $14.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On November 14, 2025, Telefônica Brasil S.A. held its 508th Board of Directors meeting, where the election of a new member to the Quality and Sustainability Committee was unanimously approved. Gregorio Martínez Garrido was elected to the committee, which now includes five members, with terms extending until the company’s Annual General Meeting in 2028. This decision reflects the company’s ongoing commitment to enhancing its governance and sustainability practices, potentially impacting its operational strategies and stakeholder relations.
The most recent analyst rating on (VIV) stock is a Buy with a $14.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
Telefonica Brasil S.A. released its interim financial statements for the period ending September 30, 2025, which were reviewed by PricewaterhouseCoopers. The review concluded that the financial statements fairly represent the company’s financial position and performance, adhering to Brazilian and International accounting standards. This release provides stakeholders with assurance of the company’s financial health and compliance with regulatory standards.
The most recent analyst rating on (VIV) stock is a Buy with a $14.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On November 13, 2025, Telefônica Brasil S.A. announced that its Board of Directors approved the declaration of Interest on Capital (IoC) amounting to R$340 million, with a net amount of R$289 million after withholding income tax. This decision, based on the balance sheet of October 31, 2025, will contribute to the mandatory dividends for the fiscal year ending December 31, 2025. Shareholders on record by November 24, 2025, will receive the IoC payment by April 30, 2026. The announcement reflects the company’s commitment to returning value to its shareholders and may influence its stock trading dynamics as shares will trade as ‘ex-IoC’ after the record date.
The most recent analyst rating on (VIV) stock is a Buy with a $14.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On November 13, 2025, Telefônica Brasil S.A.’s Board of Directors approved a proposal for the declaration of interest on capital (IoC) based on the balance sheet as of October 31, 2025. The gross amount declared was R$340 million, with a net amount of R$289 million after income tax. This decision reflects the company’s ongoing commitment to shareholder returns and is set to influence the mandatory dividend for the fiscal year ending December 31, 2025. The IoC credit will be allocated to shareholders based on their holdings as of November 24, 2025, and payment is expected by April 30, 2026.
The most recent analyst rating on (VIV) stock is a Buy with a $14.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On November 12, 2025, Telefonica Brasil’s Fiscal Council held its 253rd meeting, where they unanimously approved a proposal for the declaration of Interest on Capital (IoC) based on the balance sheet of October 31, 2025. The gross amount declared was R$340 million, with a net amount of R$289 million after withholding tax. This IoC will be credited to shareholders based on their holdings as of November 24, 2025, and is included in the mandatory dividend for the fiscal year ending December 31, 2025. The payment is scheduled to be made by April 30, 2026, pending approval at the Ordinary General Meeting in 2026.
The most recent analyst rating on (VIV) stock is a Buy with a $14.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On November 12, 2025, Telefônica Brasil S.A. announced the completion of its acquisition of Fibrasil Infraestrutura e Fibra Ótica S.A., acquiring 50% of the company’s shares from La Caisse Group. This transaction increases Telefônica Brasil’s stake in Fibrasil to 75.01%, enhancing its position in the fiber optics infrastructure market. The acquisition, valued at over R$ 858 million, is subject to ratification at the General Shareholders’ Meeting, where dissenting shareholders may exercise withdrawal rights.
The most recent analyst rating on (VIV) stock is a Buy with a $14.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On November 1, 2025, Telefônica Brasil S.A. announced the incorporation of its wholly-owned subsidiary, IPNet Serviços em Nuvem e Desenvolvimento de Sistemas Ltda., into Telefônica Cloud e Tecnologia do Brasil S.A., as part of a strategic reorganization. This move aims to streamline operations, reduce costs, and enhance synergies within the company, without affecting the share capital or equity interests, thereby potentially strengthening Telefônica’s market position and operational efficiency.
The most recent analyst rating on (VIV) stock is a Buy with a $13.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
Telefonica Brasil reported its third-quarter 2025 financial results, highlighting significant growth in several key areas. The company saw a 6.5% year-over-year increase in total revenues, driven by strong performances in postpaid mobile services, fiber-to-the-home (FTTH) connections, and corporate digital services. The mobile segment achieved 102.9 million accesses, with a notable expansion in 5G coverage. The fiber network reached 30.5 million homes, with a 12.7% increase in connected homes. EBITDA grew by 9.0%, marking the highest growth in two years, while net income rose by 13.3%. These results underscore Telefonica Brasil’s strategic focus on enhancing connectivity and digital services, which are crucial for its growth and stakeholder value.
The most recent analyst rating on (VIV) stock is a Buy with a $13.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On October 27, 2025, Telefônica Brasil S.A. confirmed that there were no changes in the amount of Interest on Capital per share as previously deliberated by its Board of Directors on October 14, 2025. The company announced that the Interest on Capital will be paid to shareholders based on their shareholding position as of October 27, 2025, with the payment scheduled to be completed by April 30, 2026. This announcement indicates stability in the company’s financial strategy and provides clarity to its shareholders regarding their expected returns.
The most recent analyst rating on (VIV) stock is a Buy with a $13.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On October 14, 2025, Telefônica Brasil S.A. announced that its Board of Directors approved the declaration of Interest on Capital (IoC) amounting to R$380 million, with a net amount of R$323 million after tax. This payout, based on the balance sheet of September 30, 2025, will be distributed to shareholders holding positions as of October 27, 2025, and will be considered part of the mandatory dividends for the fiscal year ending December 31, 2025. The move reflects the company’s commitment to returning value to its shareholders and may impact the company’s financial strategies and shareholder relations.
The most recent analyst rating on (VIV) stock is a Buy with a $13.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On October 14, 2025, Telefônica Brasil S.A.’s Board of Directors held its 503rd meeting, where they approved a proposal for the declaration of interest on capital (IoC) amounting to R$380 million gross, based on the balance sheet as of September 30, 2025. This decision, which aligns with the company’s financial strategy, will see the IoC credited to shareholders based on their holdings as of October 27, 2025, and will contribute to the mandatory dividend for the fiscal year ending December 31, 2025. The payment is scheduled to be completed by April 30, 2026, pending approval at the 2026 Ordinary General Meeting, highlighting Telefônica Brasil’s commitment to shareholder returns.
The most recent analyst rating on (VIV) stock is a Buy with a $13.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On October 13, 2025, Telefonica Brasil’s Fiscal Council held a meeting to discuss the proposal for the declaration of Interest on Capital (IoC) based on the balance sheet of September 30, 2025. The Council approved the proposal to declare a gross amount of R$380,000,000.00 as IoC, which will be credited to shareholders based on their shareholding position as of October 27, 2025. This decision reflects the company’s commitment to shareholder returns and will be included in the minimum mandatory dividend for the fiscal year ending December 31, 2025. The payment is scheduled to be completed by April 30, 2026, pending approval at the Ordinary General Meeting in 2026.
The most recent analyst rating on (VIV) stock is a Buy with a $13.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.