Vodacom Group Limited

JSE:VOD Stock Report

Market Cap: R270.5b

Vodacom Group Past Earnings Performance

Past criteria checks 5/6

Vodacom Group has been growing earnings at an average annual rate of 0.2%, while the Wireless Telecom industry saw earnings declining at 1.1% annually. Revenues have been growing at an average rate of 12.3% per year. Vodacom Group's return on equity is 23.4%, and it has net margins of 11.8%.

Key information

0.20%

Earnings growth rate

-3.47%

EPS growth rate

Wireless Telecom Industry Growth13.03%
Revenue growth rate12.25%
Return on equity23.43%
Net Margin11.77%
Last Earnings Update30 Sep 2025

Recent past performance updates

Recent updates

Vodacom Group (JSE:VOD) Will Pay A Dividend Of ZAR3.30

Nov 13
Vodacom Group (JSE:VOD) Will Pay A Dividend Of ZAR3.30

Vodacom Group Limited's (JSE:VOD) Shareholders Might Be Looking For Exit

Aug 27
Vodacom Group Limited's (JSE:VOD) Shareholders Might Be Looking For Exit

Return Trends At Vodacom Group (JSE:VOD) Aren't Appealing

Aug 06
Return Trends At Vodacom Group (JSE:VOD) Aren't Appealing

We Think Some Shareholders May Hesitate To Increase Vodacom Group Limited's (JSE:VOD) CEO Compensation

Jul 16
We Think Some Shareholders May Hesitate To Increase Vodacom Group Limited's (JSE:VOD) CEO Compensation

Vodacom Group's (JSE:VOD) Shareholders Will Receive A Bigger Dividend Than Last Year

Jun 15
Vodacom Group's (JSE:VOD) Shareholders Will Receive A Bigger Dividend Than Last Year

Vodacom Group (JSE:VOD) Will Pay A Larger Dividend Than Last Year At ZAR3.35

May 22
Vodacom Group (JSE:VOD) Will Pay A Larger Dividend Than Last Year At ZAR3.35

Vodacom Group Limited's (JSE:VOD) Price Is Out Of Tune With Earnings

May 09
Vodacom Group Limited's (JSE:VOD) Price Is Out Of Tune With Earnings

Vodacom Group (JSE:VOD) Knows How To Allocate Capital

Mar 28
Vodacom Group (JSE:VOD) Knows How To Allocate Capital

Vodacom Group Limited's (JSE:VOD) Shares May Have Run Too Fast Too Soon

Feb 07
Vodacom Group Limited's (JSE:VOD) Shares May Have Run Too Fast Too Soon

Many Would Be Envious Of Vodacom Group's (JSE:VOD) Excellent Returns On Capital

Dec 27
Many Would Be Envious Of Vodacom Group's (JSE:VOD) Excellent Returns On Capital

Vodacom Group (JSE:VOD) Has A Pretty Healthy Balance Sheet

Dec 05
Vodacom Group (JSE:VOD) Has A Pretty Healthy Balance Sheet
User avatar

Expanding Digital Horizons And Smashing Barriers To Drive Growth In African Telecom Markets

Expansion of 4G and financial services in Africa is key to increasing Vodacom's revenue and diversifying its revenue streams.

Revenue & Expenses Breakdown

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

Earnings and Revenue History

JSE:VOD Revenue, expenses and earnings (ZAR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 25160,27418,8632,0280
30 Jun 25156,25117,7311,9710
31 Mar 25152,22716,5981,9140
31 Dec 24151,78115,6742,0040
30 Sep 24151,33414,7502,0930
30 Jun 24150,96415,5212,1250
31 Mar 24150,59416,2922,1560
31 Dec 23144,42516,8522,1320
30 Sep 23138,25517,4122,1080
30 Jun 23128,71317,0902,0220
31 Mar 23119,17016,7671,9360
31 Dec 22112,88216,5631,9630
30 Sep 22106,59316,3581,9890
30 Jun 22104,66516,7611,9380
31 Mar 22102,73617,1631,8860
31 Dec 21101,52516,6301,8150
30 Sep 21100,31416,0961,7440
30 Jun 2199,30816,3391,7310
31 Mar 2198,30216,5811,7180
31 Dec 2096,25216,8611,7280
30 Sep 2094,20117,1401,7380
30 Jun 2092,47416,5421,8230
31 Mar 2090,74615,9441,9070
31 Dec 1989,52816,0181,9020
30 Sep 1988,30916,0921,8970
30 Jun 1987,46815,4571,9090
31 Mar 1986,62714,8221,9200
31 Dec 1886,85514,9401,9100
30 Sep 1887,08215,0581,8990
30 Jun 1886,72615,2011,9710
31 Mar 1886,37015,3442,0430
31 Dec 1784,74614,5852,0810
30 Sep 1783,12213,8262,1180
30 Jun 1782,20013,6222,0820
31 Mar 1781,27813,4182,0460
31 Dec 1681,47713,1572,0610
30 Sep 1681,67612,8952,0750
30 Jun 1680,87712,9062,0580
31 Mar 1680,07712,9172,0410
31 Dec 1577,79212,9321,9520
30 Sep 1575,50612,9461,8630
30 Jun 1575,00312,8091,9120
31 Mar 1574,50012,6721,9610
31 Dec 1475,53512,8092,1600

Quality Earnings: VOD has high quality earnings.

Growing Profit Margin: VOD's current net profit margins (11.8%) are higher than last year (9.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: VOD's earnings have grown by 0.2% per year over the past 5 years.

Accelerating Growth: VOD's earnings growth over the past year (27.9%) exceeds its 5-year average (0.2% per year).

Earnings vs Industry: VOD earnings growth over the past year (27.9%) did not outperform the Wireless Telecom industry 27.9%.

Return on Equity

High ROE: VOD's Return on Equity (23.4%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/14 16:15
End of Day Share Price 2025/11/14 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

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

Vodacom Group Limited is covered by 22 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jonathan BradleyAbsa Bank Limited
Niel VenterAbsa Bank Limited
Tibor BokorArqaam Capital Research Offshore S.A.L.