Telefônica Brasil (NYSE: VIV) financial statements
The consolidated income statement, balance sheet and cash flow statement of Telefônica Brasil for its last 10 fiscal years, as filed with the regulator, in millions of Brazilian reais. At the end of fiscal 2025 it had BRL 128,072m in total assets and BRL 68,722m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cost of sales | BRL 32,925m | BRL 31,352m | BRL 29,415m | BRL 27,432m | BRL 24,781m | BRL 22,693m | BRL 22,159m | BRL 21,026m | BRL 20,273m | BRL 20,823m |
| Gross profit | BRL 26,670m | BRL 24,493m | BRL 22,685m | BRL 20,609m | BRL 19,251m | BRL 20,433m | BRL 22,109m | BRL 22,437m | BRL 22,934m | BRL 21,685m |
| Operating profit | BRL 9,859m | BRL 8,674m | BRL 7,918m | BRL 6,598m | BRL 7,086m | BRL 6,582m | BRL 7,215m | BRL 9,456m | BRL 6,632m | BRL 6,368m |
| Finance costs | BRL 4,429m | BRL 3,454m | BRL 4,386m | BRL 3,983m | BRL 2,437m | BRL 1,925m | BRL 1,953m | BRL 2,285m | BRL 2,659m | BRL 4,016m |
| Profit before tax | BRL 7,271m | BRL 6,764m | BRL 5,574m | BRL 4,832m | BRL 5,960m | BRL 6,008m | BRL 6,395m | BRL 11,277m | BRL 5,731m | BRL 5,135m |
| Income tax | BRL 1,093m | BRL 1,206m | BRL 533.9m | BRL 773.7m | BRL 269.8m | BRL 1,238m | BRL 1,394m | BRL 2,349m | BRL 1,122m | BRL 1,049m |
| Net profit | BRL 6,168m | BRL 5,548m | BRL 5,029m | BRL 4,085m | BRL 6,239m | BRL 4,771m | BRL 5,001m | BRL 8,928m | BRL 4,609m | BRL 4,085m |
| Earnings per share | BRL 1.91 | BRL 3.38 | BRL 3.03 | BRL 2.44 | BRL 3.71 | — | — | — | — | — |
| Diluted earnings per share | BRL 1.91 | BRL 3.38 | BRL 3.03 | BRL 2.44 | BRL 3.71 | — | — | — | — | — |
| Depreciation and amortisation | BRL 14,944m | BRL 14,202m | BRL 13,390m | BRL 12,660m | BRL 12,038m | BRL 11,227m | BRL 10,920m | BRL 8,369m | BRL 7,854m | BRL 7,654m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 128,072m | BRL 124,941m | BRL 120,738m | BRL 119,121m | BRL 115,664m | BRL 108,738m | BRL 108,290m | BRL 102,561m | BRL 101,383m | BRL 102,066m |
| Current assets | BRL 25,220m | BRL 22,814m | BRL 19,245m | BRL 17,284m | BRL 21,060m | BRL 19,061m | BRL 18,645m | BRL 18,363m | BRL 16,732m | BRL 18,399m |
| Inventories | BRL 1,476m | BRL 1,097m | BRL 822.8m | BRL 789.7m | BRL 639.8m | BRL 633.1m | BRL 578.0m | BRL 462.1m | BRL 348.8m | BRL 410.4m |
| Property, plant and equipment | BRL 47,357m | BRL 46,812m | BRL 46,318m | BRL 45,898m | BRL 44,408m | BRL 44,353m | BRL 42,847m | BRL 34,115m | BRL 33,222m | BRL 31,925m |
| Goodwill | — | — | — | — | — | BRL 23,026m | BRL 23,059m | BRL 23,062m | BRL 23,062m | — |
| Cash | BRL 7,032m | BRL 6,691m | BRL 4,358m | BRL 2,274m | BRL 6,448m | BRL 5,762m | BRL 3,393m | BRL 3,381m | BRL 4,050m | BRL 5,105m |
| Total liabilities | BRL 59,069m | BRL 55,141m | BRL 51,111m | BRL 50,666m | BRL 45,657m | BRL 39,182m | BRL 37,834m | BRL 30,954m | BRL 31,921m | BRL 32,822m |
| Current liabilities | BRL 25,246m | BRL 24,258m | BRL 20,084m | BRL 22,171m | BRL 22,459m | BRL 17,875m | BRL 17,732m | BRL 17,161m | BRL 17,863m | BRL 20,439m |
| Equity | BRL 68,722m | BRL 69,730m | BRL 69,567m | BRL 68,404m | BRL 69,927m | BRL 69,557m | BRL 70,456m | BRL 71,607m | BRL 73,642m | BRL 69,244m |
| Equity including minorities | BRL 69,003m | BRL 69,799m | BRL 69,627m | BRL 68,456m | BRL 70,006m | BRL 69,557m | BRL 70,456m | BRL 71,607m | BRL 73,642m | BRL 69,244m |
| Minority interests | BRL 281.0m | BRL 69.9m | BRL 60.5m | BRL 52.1m | BRL 79.0m | BRL 0.0m | BRL 0.0m | BRL 0.0m | BRL 0.0m | BRL 0.0m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | BRL 20,717m | BRL 19,877m | BRL 18,786m | BRL 18,942m | BRL 18,073m | BRL 19,342m | BRL 17,721m | BRL 11,941m | BRL 12,641m | BRL 11,441m |
| Investing cash flow | −BRL 10,018m | −BRL 8,915m | −BRL 7,851m | −BRL 14,203m | −BRL 8,128m | −BRL 6,408m | −BRL 7,927m | −BRL 5,676m | −BRL 8,438m | −BRL 6,895m |
| Financing cash flow | −BRL 10,359m | −BRL 8,629m | −BRL 8,850m | −BRL 8,914m | −BRL 9,258m | −BRL 10,565m | −BRL 9,782m | −BRL 6,934m | −BRL 5,258m | −BRL 4,778m |
| Capital expenditure | −BRL 9,458m | −BRL 9,324m | −BRL 8,811m | −BRL 9,894m | −BRL 9,295m | −BRL 8,289m | −BRL 8,839m | −BRL 8,517m | −BRL 8,368m | −BRL 7,471m |
| Dividends paid | −BRL 2,187m | −BRL 2,532m | −BRL 3,833m | −BRL 5,709m | −BRL 4,901m | −BRL 5,259m | −BRL 6,177m | −BRL 4,137m | −BRL 3,669m | −BRL 2,966m |
Where each figure comes from
From the annual report (Form 20-F) that Telefônica Brasil files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Telefônica Brasil page.
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Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.