Loading…
Brazil's largest wireless and fixed-line telecom operator, operating under the Vivo brand and controlled by Spain's Telefonica.
Brazil's largest wireless and fixed-line telecom operator, operating under the Vivo brand and controlled by Spain's Telefonica.
Earns recurring monthly fees from mobile subscribers, both prepaid and contract, and from fixed broadband, with its fibre network increasingly carrying home internet in place of copper lines. After the 2022 split of Oi's mobile business among Vivo, TIM and Claro it added customers; Telefonica of Spain holds the controlling stake.
In one line: Brazil's Verizon.
Moat: narrow (scale, regulatory licence, installed base). Largest network scale and brand recognition in Brazil, backed by Telefonica.
Headquarters: Sao Paulo, Brazil · Founded: 1998 · Employees: 36,000
Size Telefonica Brasil SA Sponsored ADR (VIV) is a United States Communication Services company (Wireless Telecommunications) with a market value of $18.2B, the 524th largest of 3,117 United States companies the cockpit tracks. Shares closed at $11.43 on 6 Nov 2026.
Performance Over six months the shares fell 26.7%, against -1.5% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 16.1% over the last twelve months (peer median +4.7%); the operating margin is 15.7% (peer median 15.6%).
Valuation It trades at 10.7× forward earnings against a peer median of 14.5× (4th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.6 points above its cost of capital (7.1% WACC).
Short interest Short interest is 0.2% of the free float (15 Oct 2026).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $11.7B | $10.7B | $10.4B | $10.4B | $9.30B |
| Revenue growth | — | +3% | -1% | +12% | — |
| Gross profit | $4.77B | $4.31B | $4.08B | $4.06B | $3.54B |
| EBITDA | $4.75B | $4.30B | $4.17B | $4.07B | $3.49B |
| Net income | $1.25B | $1.10B | $1.03B | $1.01B | $791M |
| Free cash flow | $2.06B | $2.02B | $1.96B | $2.00B | $1.75B |
| Capital expenditure | $1.81B | $1.69B | $1.73B | $1.76B | $1.92B |
| Total debt | $3.81B | $3.71B | $3.36B | $3.86B | $3.66B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Telefonica Brasil SA Sponsored ADR VIV | $18.2B | -27% | +16% | 16% | 10.7× | -3.6% |
| TIM S.A. Sponsored ADR TIMB | $8.61B | -24% | +14% | 25% | 9.4× | -12.4% |
| America Movil SAB de CV Sponsored ADR AMX | $78.5B | -5% | +16% | 22% | 13.5× | -7.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VIV | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.6% | +1.0% | 4th lowest of 21 |
| 6-month return | -26.7% | -1.5% | 4th lowest of 21 |
| Distance from 52-week high | -33.8% | -19.4% | 6th lowest of 21 |
| Revenue growth (TTM) | +16.1% | +4.7% | 3rd highest of 21 |
| Operating margin | 15.7% | 15.6% | 10th highest of 21 |
| Forward P/E | 10.7× | 14.5× | 4th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -3.6% | 3.6% | 5th least demanding of 20 |
| Growth delivered (Del g) | +5.0% | +2.7% | 8th highest of 20 |
| Hurdle (Req g minus delivered) | -8.6 pp | -3.0 pp | 5th least demanding of 20 |
| ROIC minus cost of capital | +2.6 pp | +1.7 pp | 8th highest of 21 |
| EV / EBITDA | 4.3× | 7.3× | 3rd cheapest of 19 |
| Net debt / EBITDA | 0.5× | 2.1× | 2nd least indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Telefonica Brasil SA Sponsored ADR VIV | United States | $18.2B | -27% | +16% | 16% | 10.7× | -3.6% | +5.0% |
| Rogers Communications RCI-B.TO | Canada | $18.3B | -6% | +8% | 23% | 10.7× | 1.1% | +9.3% |
| Vodafone Idea IDEA.NS | India | $14.6B | +14% | +3% | -6% | n/a | 29.6% | +1.3% |
| TELUS T.TO | Canada | $14.5B | -27% | -1% | 15% | 17.5× | 2.6% | +5.8% |
| Millicom International Cellular TIGO | United States | $13.9B | +3% | +29% | 23% | 22.9× | 3.6% | +6.9% |
| Telecom Italia TIT.MI | Italy | $13.6B | -20% | 0% | 11% | 31.8× | 5.3% | -2.8% |
| Airtel Africa AAF.L | United Kingdom | $13.5B | -33% | +27% | 34% | 14.6× | -1.2% | +10.0% |
| Far Eastone Telecommunications 4904.TW | Taiwan | $12.2B | +17% | +10% | 15% | 26.1× | 3.8% | +6.8% |
| SKTelecom 017670.KS | South Korea | $12.1B | -18% | +2% | 10% | 12.3× | -9.8% | +1.2% |
| Globalstar GSAT | United States | $10.9B | +3% | +8% | 5% | n/a | n/a | n/a |
| PT Telkom Indonesia (Persero) Tbk Sponsored ADR TLK | United States | $10.3B | -35% | -3% | 24% | 9.5× | -16.1% | -1.1% |
| Vodafone Group Public VOD.L | United Kingdom | $36.3B | +4% | +11% | 10% | 12.1× | 4.2% | -2.2% |
| Bharti Hexacom BHARTIHEXA.NS | India | $8.84B | +10% | +8% | 29% | 36.6× | 33.4% | +15.2% |
| TIM S.A. Sponsored ADR TIMB | United States | $8.61B | -24% | +14% | 25% | 9.4× | -12.4% | +7.3% |
| Telstra TLS.AX | Australia | $39.0B | -4% | -1% | 16% | 24.2× | 5.6% | +1.2% |
| Orange ORA.PA | France | $45.0B | -19% | +3% | 12% | 9.9× | 4.9% | -0.9% |
| Elisa ELISA.HE | Finland | $6.11B | -17% | 0% | 20% | 14.3× | -2.7% | +3.6% |
| TPG Telecom TPG.AX | Australia | $5.58B | +1% | -5% | 8% | 34.8× | 8.1% | +3.0% |
| Orange Polska OPL.WA | Poland | $5.53B | +7% | +5% | 9% | 19.4× | 13.2% | +2.7% |
| Kddi 9433.T | Japan | $66.4B | +10% | +4% | 18% | 14.2× | -1.4% | +2.7% |
| VEON Ltd. Sponsored ADR VEON | United States | $4.95B | +57% | +15% | 23% | 11.2× | -4.8% | -9.1% |