PLDT Past Earnings Performance
Past criteria checks 2/6
PLDT has been growing earnings at an average annual rate of 4.8%, while the Wireless Telecom industry saw earnings growing at 5.3% annually. Revenues have been growing at an average rate of 3.7% per year. PLDT's return on equity is 23.6%, and it has net margins of 13.7%.
Key information
4.79%
Earnings growth rate
4.80%
EPS growth rate
| Wireless Telecom Industry Growth | 13.03% |
| Revenue growth rate | 3.69% |
| Return on equity | 23.59% |
| Net Margin | 13.72% |
| Next Earnings Update | 14 May 2026 |
Recent past performance updates
Recent updates
TEL: Dividend Payouts And Governance Moves Will Shape Balanced Future Upside
Analysts have nudged their PLDT fair value estimate slightly higher to about ₱1,253, reflecting small adjustments to revenue growth, profit margin and forward P/E assumptions in their refreshed price target. What's in the News At its board meeting on February 26, 2026, the company approved a regular cash dividend of ₱46.00 per common share.
TEL: Future Cash Dividends Will Support Stronger Earnings Outlook
Analysts have maintained their ₱2,000 price target for PLDT, noting that higher assumed revenue growth and a lower profit margin outlook are balanced by a slightly higher future P/E multiple. What's in the News The Board of Directors will meet on February 26, 2026 to consider and approve a cash dividend declaration on PLDT common stock, the audited consolidated financial statements for the year ended December 31, 2025, and the appointment of Juancho Paolo L.TEL: Future Dividends And Governance Changes Will Keep Upside In Check
Analysts have lifted their price target for PLDT from ₱1,226 to about ₱1,251, reflecting updated forecasts that point to higher revenue, a stronger profit margin and a lower assumed future P/E multiple. What's in the News The board approved a regular cash dividend of ₱46.00 per common share, with payment scheduled for April 16, 2026, to shareholders on record as of March 26, 2026 (company board disclosure).TEL: Higher Margins And Dividends Will Support Stronger Future Earnings
Analysts have kept their ₱2,000 price target for PLDT unchanged, citing slightly lower assumed discount rates, more conservative revenue growth expectations, and somewhat higher forecast profit margins and future P/E as the main factors supporting their stable view. What's in the News The Board of Directors declared a regular cash dividend of ₱46.00 per common share, payable on April 16, 2026 to holders of record as of March 26, 2026 (Board meeting held on February 26, 2026).TEL: Steady Fair Value And Board Moves Will Restrain Future Upside
Analysts have kept their ₱1,226.39 price target for PLDT broadly steady, with small tweaks to revenue growth, profit margin and future P/E assumptions that reflect modestly updated views on the company’s earnings profile and valuation. What's in the News A board meeting is scheduled for Feb 26, 2026 to consider a cash dividend declaration on PLDT common stock, approval of audited consolidated financial statements for the year ended Dec 31, 2025, and the appointment of Juancho Paolo L.TEL: Weaker Margins And Management Uncertainty Will Pressure Future Returns
Analysts have made a marginal trim to their PLDT fair value estimate to about ₱1,226, reflecting updated views on discount rates, revenue growth assumptions and future P/E, while keeping the overall price target effectively unchanged. What's in the News PLDT has scheduled a board meeting on December 2, 2025 to consider the appointment of officers and the extension of employment of an officer, which could affect senior management continuity and governance.TEL: Fair Outlook Will Balance Lower Margins With Board Governance Decisions
Analysts have nudged their price target for PLDT higher from ₱1,200.00 to about ₱1,226.62, citing updated assumptions that include a lower discount rate, slightly different revenue growth and profit margin inputs, and a revised future P/E of roughly 10.38x. What's in the News Board meeting scheduled for November 11, 2025, to consider the unaudited consolidated financial results for the nine months ended September 30, 2025 (Key Developments).TEL: Improved Operating Leverage Will Drive Stronger Earnings And Share Price
Analysts have modestly raised their price target on PLDT by refining assumptions on long term revenue growth and profit margins, while keeping fair value anchored at PHP 2,000.00, as they see slightly better operating leverage and earnings visibility. What's in the News Board meeting scheduled for December 2, 2025, to consider the appointment of officers and the extension of employment of an officer (company filing) Board meeting set for November 11, 2025, to review unaudited consolidated financial results for the nine months ended September 30, 2025 (company filing) Valuation Changes Fair Value: Unchanged at ₱2,000.00 per share, indicating no revision to the target price despite updated assumptions.TEL: Lower Risk Profile And Margins Will Drive Stronger Future Performance
Analysts have trimmed their price target for PLDT from PHP 2,070 to PHP 2,000. This reflects a balanced view that slightly stronger revenue growth and improved profit margins are partly offset by a lower future price-to-earnings multiple and adjusted discount rate assumptions.
Philippines Digital Expansion And 5G Adoption Will Unlock Value
The marginal decline in PLDT's consensus revenue growth forecast has weighed on sentiment, resulting in a slight reduction of the analyst price target from ₱1689 to ₱1664. What's in the News PLDT plans to reduce its capital expenditures, targeting a capex intensity of around 30%-32% of service revenues, with 2026 capex guided to the PHP 50–60 billion range and potential for further reductions depending on market conditions.
Data Center Expansion And FinTech Ventures To Boost Revenue Growth And Enhance Net Margins
Strategic investments in mobile data, fiber, and data centers are expected to drive revenue growth and capture enterprise market opportunities.Revenue & Expenses Breakdown
How PLDT makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 218,388 | 29,952 | 47,491 | 0 |
| 30 Sep 25 | 219,174 | 29,249 | 47,786 | 0 |
| 30 Jun 25 | 218,824 | 31,973 | 48,243 | 0 |
| 31 Mar 25 | 217,886 | 31,450 | 49,591 | 0 |
| 31 Dec 24 | 216,833 | 32,248 | 49,783 | 0 |
| 30 Sep 24 | 215,539 | 26,774 | 53,086 | 0 |
| 30 Jun 24 | 214,498 | 26,529 | 53,612 | 0 |
| 31 Mar 24 | 212,815 | 27,365 | 46,012 | 0 |
| 31 Dec 23 | 210,953 | 26,596 | 53,791 | 0 |
| 30 Sep 23 | 208,584 | 11,294 | 52,156 | 0 |
| 30 Jun 23 | 207,613 | 12,658 | 53,438 | 0 |
| 31 Mar 23 | 206,899 | 10,966 | 55,821 | 0 |
| 31 Dec 22 | 204,362 | 11,026 | 55,878 | 0 |
| 30 Sep 22 | 201,535 | 35,085 | 54,587 | 0 |
| 30 Jun 22 | 198,421 | 30,234 | 54,853 | 0 |
| 31 Mar 22 | 195,158 | 29,605 | 54,853 | 0 |
| 31 Dec 21 | 192,186 | 26,429 | 56,795 | 0 |
| 30 Sep 21 | 191,638 | 23,385 | 61,288 | 0 |
| 30 Jun 21 | 189,892 | 24,867 | 61,076 | 0 |
| 31 Mar 21 | 185,282 | 24,116 | 59,218 | 0 |
| 31 Dec 20 | 181,004 | 24,225 | 57,787 | 0 |
| 30 Sep 20 | 177,973 | 26,153 | 52,582 | 0 |
| 30 Jun 20 | 173,938 | 22,534 | 51,836 | 0 |
| 31 Mar 20 | 172,215 | 21,666 | 51,000 | 0 |
| 31 Dec 19 | 169,187 | 22,462 | 49,289 | 0 |
| 30 Sep 19 | 165,474 | 18,584 | 54,602 | 0 |
| 30 Jun 19 | 163,434 | 19,302 | 59,204 | 0 |
| 31 Mar 19 | 163,025 | 18,665 | 59,804 | 0 |
| 31 Dec 18 | 162,914 | 18,857 | 62,297 | 0 |
| 30 Sep 18 | 162,736 | 7,703 | 62,265 | 0 |
| 30 Jun 18 | 162,375 | 8,556 | 58,962 | 0 |
| 31 Mar 18 | 161,245 | 15,261 | 59,908 | 0 |
| 31 Dec 17 | 158,933 | 13,312 | 57,937 | 0 |
| 30 Sep 17 | 158,942 | 25,961 | 76,343 | 0 |
| 30 Jun 17 | 158,993 | 24,003 | 70,681 | 0 |
| 31 Mar 17 | 161,671 | 18,681 | 66,755 | 0 |
| 31 Dec 16 | 165,262 | 19,947 | 60,517 | 0 |
| 30 Sep 16 | 168,618 | 12,532 | 34,718 | 0 |
| 30 Jun 16 | 171,196 | 15,739 | 33,674 | 0 |
| 31 Mar 16 | 171,329 | 18,835 | 31,690 | 0 |
| 31 Dec 15 | 171,103 | 22,006 | 57,284 | 0 |
| 30 Sep 15 | 171,385 | 31,413 | 31,388 | 0 |
| 30 Jun 15 | 170,565 | 32,738 | 31,001 | 0 |
Quality Earnings: TEL has high quality earnings.
Growing Profit Margin: TEL's current net profit margins (13.7%) are lower than last year (14.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TEL's earnings have grown by 4.8% per year over the past 5 years.
Accelerating Growth: TEL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TEL had negative earnings growth (-7.1%) over the past year, making it difficult to compare to the Wireless Telecom industry average (10%).
Return on Equity
High ROE: Whilst TEL's Return on Equity (23.59%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/02 22:49 |
| End of Day Share Price | 2026/04/30 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
PLDT Inc. is covered by 22 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Emeterio Gonzales | BofA Global Research |
| Eunice Dolatre | CGS International |
| Bertram Lai | CGS International |