This statistic shows Telefónica's total revenue each year from 2006 to 2023. In 2023, Telefónica generated over 40.65 billion euros in revenue.

Telefónica's worldwide revenue – additional information

Telefónica is one of the largest telecommunication companies in the world, offering mobile and fixed services, broadband network and pay-TV services as well as other digital solutions. Telefónica, Movistar, O2 and Vivo are Telefónica’s major brands. Telefónica is the corporate brand, Movistar targets the Spanish-speaking public, O2 is mainly used in Germany and the UK, and Vivo is the brand present in Brazil.

The company operates in more than 20 countries, and has more than 101 thousand employees around the world. Telefónica has a strong presence in its home country Spain, where around 23 thousand employees are located. In 2020, Telefónica generated around 44 billion euros in revenue worldwide of which 28 percent was generated in Spain. Latin America, particularly Brazil, is also an important market for Telefónica. Telefónica Hispanoamérica has about 22,500 employees, while Telefónica Brazil employs about 33,800 people. Together, these two segments account for over 50 percent of all Telefónica employees.

The company’s global revenue reached its peak in 2011, when Telefónica generated 62.84 billion euros in revenues. Telefónica’s global net income reached the highest figure to date – 10.17 billion euros – a year before that

In 2015, Telefónica’s generated around 47 billion euros in revenue, nearly three billion euros in Telefónica’s global income, and 2.7 billion euros in net income.

Telefónica's global revenue has fluctuated since 2012, with a dip in 2014 due to the Eurozone Crisis. Each region shows different results, with Spain seeing its lowest revenue in 2020 since that recession as a result of the coronavirus (COVID-19) pandemic. In 2023, revenues generated in Spain amounted to 12.65 billion euros, a sizable share of the company's revenue worldwide.

More mobile contracts

The firm's revenue depends greatly on mobile users. The number of Telefónica's subscribers has been changing, with a general shift away from prepaid plans towards contracts. However, also important if the average revenue per user, which varies depending on both the location and type of user. For example, the average postpaid user in the United Kingdom generates roughly ten times the revenue of a prepaid Brazilian user.

The power of the market

However, market forces also influence Telefónica's revenues. The forecast for global spending on telecom services is fairly stable, but the composition of the market is constantly changing. For example, with the rise of streaming services, the number of Telefónica's pay TV subscribers can be expected to decline, while demand for faster internet connections is likely to increase.

Telefonica Brasil S.A revenue for the twelve months ending March 31, 2025 was $10.075B, a 3.06% decline year-over-year. Telefonica Brasil S.A annual revenue for 2024 was $10.354B, a 0.79% decline from 2023. Telefonica Brasil S.A annual revenue for 2023 was $10.436B, a 12.14% increase from 2022. Telefonica Brasil S.A annual revenue for 2022 was $9.306B, a 14.05% increase from 2021.

In 2023, the telecommunications company, Telefónica, based in Spain generated a revenue of roughly 8.6 billion euros in the German market. This was an increase compared with the previous year.

Telefónica's revenue in Spain has fluctuated since 2012, with a dip in 2014 due to the Eurozone Crisis. Spain saw its lowest revenue in 2020 since that recession due to the coronavirus (COVID-19) pandemic. In 2023, revenue generated in Spain amounted to 12.65 billion euros, a sizable share of the company's revenue worldwide.

Telefonica reported EUR10.9B in Sales Revenues for its fiscal quarter ending in December of 2024. Data for Telefonica | TEF - Sales Revenues including historical, tables and charts were last updated by Trading Economics this last June in 2025.

Telefonica reported EUR9.22B in Sales Revenues for its fiscal quarter ending in March of 2025. Data for Telefonica | TEF - Sales Revenues including historical, tables and charts were last updated by Trading Economics this last June in 2025.

In 2023, the revenue of Telefónica, S. A. in Latin America amounted to 18 billion euros. This represented a slight increase compared to 2022 and the highest revenue recorded since 2019. The results refer to the group's operations in Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Venezuela, and Uruguay. On December 31, 2019, Telefónica Costa Rica and Telefónica Móviles El Salvador were classified as held for sale. The company stands among the leading telecommunication providers in Latin America.

In 2023, the revenue of Telefónica, S. A. in Brazil alone amounted to approximately 9.65 billion euros. The revenue for Telefonica Hispam stood at around 8.4 billion euros.

Telefonica reported EUR-1304000000 in Net Income for its fiscal quarter ending in March of 2025. Data for Telefonica | TEF - Net Income including historical, tables and charts were last updated by Trading Economics this last June in 2025.

Telefonica SA income taxes for the twelve months ending December 31, 2024 were $0.377B, a 138.7% decline year-over-year. Telefonica SA annual income taxes for 2024 were $0.377B, a 138.7% decline from 2023. Telefonica SA annual income taxes for 2023 were $-0.973B, a 244.07% decline from 2022. Telefonica SA annual income taxes for 2022 were $0.675B, a 58.57% decline from 2021.

In 2023, Telefónica generated approximately 9.65 billion euros in revenue with its Brazilian operations. The company ranked first among the leading IT and telecommunications companies in Brazil in 2022, based on its net revenues.

Telefónica's net income peaked at 10.7 billion euros in 2021, increasing from approximately two billion euros in 2020. However, the company's net profit then dropped, reaching a net loss of 574 million euros in 2023.

Uždaroji akcinė bendrovė "TELEFONICA" financial data: profit, annual turnover, paid taxes, sales revenue, equity, assets (long-term and short-term), profitability indicators.

Telefonica reported 938M in Interest Income for its fiscal quarter ending in December of 2022. Data for Telefonica | TEF - Interest Income including historical, tables and charts were last updated by Trading Economics this last June in 2025.

In 2019, Telefónica generated 477 million euros in revenue with its Ecuadorian operations. Ecaudor made approximately two percent of the company's Latin American revenue.

In 2023, Telefónica del Peru generated nearly 6.5 billion Peruvian soles in revenue from its telecommunications services in Peru. This represents a 9.5 percent decrease when compared to the previous year. Under the brand name Movistar, the company is the fixed-line internet, fixed-line telephony, pay TV, as well as mobile telephony market leader in Peru.

In 2019, Telefónica generated 1.56 billion euros in revenue with its Chilean operations. That same year, the company's revenue in Latin America stood at 20.2 billion euros.

In the third quarter of 2024, the average monthly revenue per mobile customer was around 11.2 euros. This graph shows quarterly data on the ARPU of Telefonica Germany in the mobile communications segment from 2009 to 2024. The abbreviation ARPU stands for average revenue per user.

In 2023, the average monthly revenue per mobile customer (ARPU) of Telefonica in the mobile communications segment in Germany was 10.8 euros. This was a slight increase compared to the year before.