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Vodafone (VOD) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Nov 10, 2026

TBA (Confirmed)

Period Ending

2027 (Q2)

Consensus EPS Forecast

0.62

Last Year’s EPS

0.8

Same Quarter Last Year

Analyst Consensus

Hold

Based on 1 Analysts Ratings

Earnings Call Summary

Q4 2026

Earnings Call Date:May 12, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented a constructive outlook driven by tangible operational progress: group service revenue growth, organic EBITDA growth, strong free cash flow generation and clear midterm ambition for double-digit organic free cash flow growth. Key strengths include a standout performance in Africa, U.K. integration momentum with material synergy potential, portfolio simplification and AI-led productivity gains. Offsetting risks are concentrated in Germany where retail service revenue remains negative and FY '27 EBITDA is expected to decline, near-term U.K. revenue timing issues, temporary leverage effects from the U.K. buyout, and ongoing competitive/promotional pressures and inflation. On balance, the positives (broad-based revenue growth, cash flow improvements, strategic simplification and execution of synergies) outweigh the near-term regional headwinds.

Company Guidance

Vodafone guided FY27 to “continued good” growth in adjusted EBITDAaL and adjusted free cash flow after a FY26 where organic adjusted EBITDAaL rose 4.5% (at the upper end of guidance), group service revenue grew 5.1% in Q4, and adjusted free cash flow was €2.6bn; the FY26 dividend was increased 2.5% and management reinstated a mid‑term ambition to deliver double‑digit organic growth in adjusted free cash flow. At the midpoint Europe is expected to be broadly stable, with Germany’s EBITDA expected to decline in FY27 as retail service revenue remains negative despite consumer broadband improvements (front‑book inflow ARPU +30% y/y), the U.K. set to deliver strong FY27 growth on the VodafoneThree buyout (GBP4.2bn) and material synergies (GBP700m cost/CapEx by 2030) plus FWA to 3.7m additional homes, and Africa/Turkey expected to continue strong growth (Africa posting its highest service‑revenue growth in almost two decades and Vodacom targeting double‑digit midterm growth). CapEx is expected to peak in the U.K. in FY27 then be broadly stable by market, guidance and mid‑term targets are presented on an organic basis (ex‑currency/portfolio), and leverage should return to the lower half of the group corridor by end‑FY27.

Group Service Revenue Growth (Q4)

Group service revenue grew 5.1% in Q4, with growth across both Europe and Africa, signalling broad-based top-line momentum.

Adjusted EBITDAaL Organic Growth (FY '26)

Delivered 4.5% organic growth in adjusted EBITDAaL for FY '26, in line with the upper end of guidance.

Adjusted Free Cash Flow and Dividend

Generated EUR 2.6 billion of adjusted free cash flow in FY '26 and increased the full-year dividend by 2.5%; management targets double-digit organic growth in adjusted free cash flow over the midterm.

Africa Performance and Fintech Scale

Africa division delivered its highest service revenue growth in almost two decades; Vodafone runs Africa's largest fintech platform with over 100 million users and millions of merchants, and Vodacom guidance points to double-digit midterm growth.

U.K. Operational and Commercial Progress

U.K. recorded the fastest-ever year of home broadband customer growth, achieved the largest gigabit footprint, is bringing fixed-wireless access to an additional 3.7 million homes, and is on track to deliver the first meaningful cost and CapEx synergies following the VodafoneThree buyout.

Portfolio Simplification and Capital Activity

Continued portfolio simplification with planned transactions (e.g., Netherlands sale) and strategic moves (U.K. buyout, Safaricom consolidation) intended to increase exposure to higher-growth markets and crystallize value.

Customer Experience and NPS Improvement

Consistent Net Promoter Score improvements quarter-on-quarter with highest-ever NPS levels in mobile and cable in Germany and improved churn and customer loyalty in the U.K.

AI and Productivity Initiatives

Embedded AI across operations (Zero Touch operations, TOBi/SuperTOBi customer care, procurement) driving measurable OpEx savings and productivity gains and positioning the business for network and service changes driven by AI.

Germany Broadband ARPU Upside

Consumer broadband inflow ARPU in Germany up ~30% year-on-year, indicating traction from price increases and improved value proposition.

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

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VOD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2026	2027 (Q2)	0.62 / -	0.802	―	―	―
May 12, 2026	2026 (Q4)	0.32 / -0.62	-2.221	72.08% (+1.60)
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)	―	―

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
May 12, 2026	$16.04	$14.84	-7.51%
Nov 11, 2025	$11.26	$12.20	+8.29%
May 20, 2025	$9.05	$9.76	+7.79%
Nov 12, 2024	$8.54	$7.76	-9.12%

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.