Export financials
Telefónica, S.A. (TEF)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.

Telefónica, S.A. Income Statement 2024-2011 | TEF
Brief overview of profit and loss at Telefónica, S.A.
This overview is based on financial performance over the past five years. Telefónica, S.A. reported revenue of 48.4 billion euros in 2019 and 41.3 billion euros by 2024. The total change was −14.7%, with a CAGR of approximately −3.1%. The negative rate indicates weakening core operations.
Over the period, EBITDA shifted from 4.5 billion euros to 2.4 billion euros, a change of −47.2%. EBITDA lagged revenue, showing weaker operating momentum. Comparing the endpoints gives EBITDA margins of 9.4% and 5.8%. Cost pressure reduced operating profitability.
Net income moved from 0 euros at the start to 209 million euros at the end. The return to profit marks a meaningful recovery in the final result.
The five-year change in capitalization reached +7.1%: from 23.8 billion euros to 25.5 billion euros. Market value followed a broadly neutral trajectory.
What the figures show
The figures do not all move in the same direction. Caution is warranted because of pressure on operating profitability and a softer top-line trend. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement Telefónica, S.A.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
25.5 B | 23.1 B | 22.3 B | 25.9 B | 18.8 B | 23.8 B | 33.1 B | 35 B | 47.7 B | 48 K | 67.7 K | 70.3 K | 66.6 B | 78.8 B |
Shares |
5.64 B | 5.67 B | 5.74 B | 5.73 B | 4.97 B | 4.97 B | 4.97 B | 4.97 B | 4.97 B | 4.58 K | 4.54 K | 4.5 K | 4.58 B | 4.51 B |
Historical Prices |
4.53 | 4.08 | 3.88 | 4.53 | 3.78 | 4.79 | 6.65 | 7.04 | 7.26 | 6.54 | 9.5 | 8.54 | 7.1 | 8.6 |
Net Income |
209 M | -574 M | 2.32 B | 10.7 B | 1.58 B | - | - | - | - | - | - | - | - | - |
Revenue |
41.3 B | 40.7 B | 40 B | 39.3 B | 43.1 B | 48.4 B | 48.7 B | 52 B | - | - | - | 184 M | - | - |
Gross Profit |
- | - | - | - | 30.1 B | - | - | - | - | - | - | 184 M | - | - |
Operating Income |
2.4 B | 2.59 B | 4.06 B | 13.6 B | 4.14 B | 4.54 B | 6.52 B | 6.79 B | 5.47 B | 3.52 B | - | - | - | - |
EBITDA |
2.4 B | 2.59 B | 4.06 B | 13.6 B | 4.14 B | 4.54 B | 6.52 B | 6.79 B | - | - | - | - | - | - |
Operating Expenses |
- | - | - | - | 25.3 B | 31.1 B | 28 B | 30.3 B | 31.4 B | 31.7 B | 28.5 B | 30.7 B | 33.7 B | 35.3 B |
General and Administrative Expenses |
- | - | - | - | 5.37 B | - | - | - | - | - | - | - | - | - |
Annual performance
Select metrics to display
All numbers in EUR currency
Quarterly Income Statement Telefónica, S.A.
| 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 |
|---|
Quarterly performance
Select metrics to display
All numbers in EUR currency
The income statement is one of the three key financial reports of a company Telefónica, S.A. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.