EarningsQ4 2026 Earnings Report
MX:VODN Q4 2026 EPS Results
Actual EPS-$11.21
Consensus EPS$5.73
Beat/MissMissed by -$16.93
One Year Ago EPS-$40.14
MX:VODN Q4 2026 Revenue Results
Actual Revenue$439.76B
Expected Revenue$222.07B
Beat/MissBeat by +$217.69B
YoY Revenue Growth+19.77%
Earnings Announcement Details
QuarterQ4 2026
Date05/12/2026
TimeBefore Open
Conference CallTuesday, May 12, 2026
MX:VODN Upcoming Earnings
Vodafone's next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
MX:VODN Q4 2026 Earnings Call
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Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
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
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.
MX:VODN Earnings History
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