Telefónica, S.A.

BME:TEF Stock Report

Market Cap: €22.2b

Telefónica Past Earnings Performance

Past criteria checks 0/6

Telefónica's earnings have been declining at an average annual rate of -61.6%, while the Telecom industry saw earnings growing at 8.5% annually. Revenues have been declining at an average rate of 1.3% per year.

Key information

-61.57%

Earnings growth rate

-61.64%

EPS growth rate

Telecom Industry Growth11.47%
Revenue growth rate-1.29%
Return on equity-9.93%
Net Margin-6.12%
Next Earnings Update29 Jul 2026

Recent past performance updates

Recent updates

Analysis Article Nov 28

Telefónica (BME:TEF) Will Pay A Dividend Of €0.1215

The board of Telefónica, S.A. ( BME:TEF ) has announced that it will pay a dividend of €0.1215 per share on the 18th of...
Analysis Article Nov 04

Telefónica (BME:TEF) Is Paying Out A Dividend Of €0.1215

Telefónica, S.A. ( BME:TEF ) will pay a dividend of €0.1215 on the 18th of December. This makes the dividend yield...
Narrative Update Nov 03

TEF: Potential Vodafone Spain Deal And Modest Margin Gains Will Guide Next Steps

Telefónica’s analyst price target has been raised modestly, with new estimates rising from €4.45 to €4.51. This reflects analysts’ updated views based on slightly improved profit margins and adjusted revenue forecasts.
Narrative Update Oct 20

Fiber Modernization And Digital Services Will Unlock Future Markets

Analysts have raised their price target for Telefónica from €4.70 to €4.80, citing updated estimates following recent foreign exchange changes and financial results. Analyst Commentary Bullish Takeaways Bullish analysts note that updated foreign exchange rates have positively impacted the company's valuation and supported a higher price target.
Analysis Article Oct 18

Telefónica (BME:TEF) Has Announced A Dividend Of €0.1215

Telefónica, S.A. ( BME:TEF ) has announced that it will pay a dividend of €0.1215 per share on the 18th of December...
Analysis Article Oct 08

Returns On Capital At Telefónica (BME:TEF) Paint A Concerning Picture

What financial metrics can indicate to us that a company is maturing or even in decline? More often than not, we'll see...
Analysis Article Sep 16

Telefónica (BME:TEF) Will Pay A Dividend Of €0.1215

Telefónica, S.A. ( BME:TEF ) has announced that it will pay a dividend of €0.1215 per share on the 18th of December...
Narrative Update Sep 02

Fiber Modernization And Digital Services Will Unlock Future Markets

The consensus Analyst Price Target for Telefónica edged up slightly from €4.35 to €4.41, primarily due to updated foreign exchange impacts and minor model adjustments, with no material change in business fundamentals. Analyst Commentary Updated foreign exchange moves impacting future earnings estimates.
Analysis Article Aug 29

Telefónica (BME:TEF) Has Affirmed Its Dividend Of €0.1215

Telefónica, S.A.'s ( BME:TEF ) investors are due to receive a payment of €0.1215 per share on 18th of December. Based...
Analysis Article Aug 11

Telefónica's (BME:TEF) Dividend Will Be €0.1215

Telefónica, S.A. ( BME:TEF ) has announced that it will pay a dividend of €0.1215 per share on the 18th of December...
Analysis Article Jul 28

Telefónica (BME:TEF) Will Pay A Dividend Of €0.1215

The board of Telefónica, S.A. ( BME:TEF ) has announced that it will pay a dividend on the 18th of December, with...
Analysis Article Jul 22

Here's Why Telefónica (BME:TEF) Has A Meaningful Debt Burden

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jun 30

Telefónica (BME:TEF) Has Affirmed Its Dividend Of €0.1215

The board of Telefónica, S.A. ( BME:TEF ) has announced that it will pay a dividend of €0.1215 per share on the 18th of...
Analysis Article Jun 16

Telefónica (BME:TEF) Has Announced A Dividend Of €0.1215

Telefónica, S.A. ( BME:TEF ) will pay a dividend of €0.1215 on the 19th of June. This means the annual payment is 6.5...
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New Narrative Nov 07

Fiber Expansion And 5G Investment Poised To Power Future Growth

Telefónica's network investments and strategic agreements solidify market position and future revenue prospects.

Revenue & Expenses Breakdown

How Telefónica makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

BME:TEF Revenue, expenses and earnings (EUR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2535,945-2,199820
30 Sep 2541,620-1,0201790
30 Jun 2541,536-7971850
31 Mar 2541,963-4651790
31 Dec 2436,4411,445610
30 Sep 2440,571-1,4311550
30 Jun 2440,287-8691400
31 Mar 2440,747-9151550
31 Dec 2341,455-1,1461550
30 Sep 2339,5641,7322230
30 Jun 2339,6531,6902230
31 Mar 2341,4111,3791250
31 Dec 2240,7761,802860
30 Sep 2241,188-119660
30 Jun 2239,856127860
31 Mar 2239,1187,7261210
31 Dec 2139,2777,884800
30 Sep 2140,95910,1912060
30 Jun 2142,2709,3251860
31 Mar 2142,9231,8261510
31 Dec 2043,9491,332890
30 Sep 2046,4592072380
30 Jun 2047,580-762380
31 Mar 2048,3533412380
31 Dec 1949,3128601230
30 Sep 1949,1601,6762,1000
30 Jun 1949,1503,2582,1000
31 Mar 1949,4483,1402,1000
31 Dec 1849,5082,9291,0710
30 Sep 1849,7522,7982,2800
30 Jun 1850,8282,4982,2800
31 Mar 1851,9162,7032,2800
31 Dec 1752,8712,8562,2800
30 Sep 1753,4422,3272,3320
30 Jun 1753,7622,4712,3320
31 Mar 1753,5192,3442,3320
31 Dec 1652,9032,1132,3320
30 Sep 1653,091-2592,5300
30 Jun 1653,939-5322,5300
31 Mar 1656,8734182,5300
31 Dec 1555,8623682,5300
30 Sep 1553,8022,8631,8790
30 Jun 1550,5862,8991,8790

Quality Earnings: TEF is currently unprofitable.

Growing Profit Margin: TEF is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: TEF is unprofitable, and losses have increased over the past 5 years at a rate of 61.6% per year.

Accelerating Growth: Unable to compare TEF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TEF is unprofitable, making it difficult to compare its past year earnings growth to the Telecom industry (-1.4%).


Return on Equity

High ROE: TEF has a negative Return on Equity (-9.93%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/15 23:50
End of Day Share Price 2026/05/15 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Telefónica, S.A. is covered by 41 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew Charles BealeArete Research Services LLP
null nullBanco de Sabadell. S.A.
Fernando Cordero BarreiraBanco Santander