Vodafone Group Public reported €17.3B of remaining performance obligations at 31 Mar 2025, up 4% from a year earlier. That is 0.5 years of trailing revenue already under contract.
Over the last twelve months it turned about 226% of its opening backlog into revenue (12-month conversion).
Twelve-month book-to-bill: 1.02, i.e. 1.02 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +2 points — orders are running ahead of revenue.
The latest filed figure is more than 200 days old.
Vodafone Group Public backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in EUR. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
31 Mar 2025
€17.3B
€37.4B
0.5 yrs
n/a
31 Mar 2024
€16.6B
€36.7B
0.5 yrs
n/a
31 Mar 2023
€16.4B
€45.7B
0.4 yrs
n/a
31 Mar 2022
€17.9B
€45.6B
0.4 yrs
n/a
31 Mar 2021
€21.0B
€43.8B
0.5 yrs
n/a
31 Mar 2020
€20.3B
€45.0B
0.5 yrs
n/a
Questions
What is Vodafone Group Public's backlog?
Vodafone Group Public reported €17.3B of remaining performance obligations at 31 Mar 2025, up 4% from a year earlier. That is 0.5 years of trailing revenue already under contract.
How fast does Vodafone Group Public's backlog turn into revenue?
Over the last twelve months Vodafone Group Public recognised revenue equal to about 226% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.