Telefônica Brasil (NYSE: VIV)

$11.41+0.62%today

Brazilian ADR trading on the NYSE, priced in US dollars.

Display currency

Market Cap, EPS and the financial totals below — switch between US dollars and BRL.

Market Cap: —
P/E (TTM): 14.4x
P/B: 2.7x
EPS (TTM): $0.79
Dividend Yield: 8.61%
52-Week Range: $11.18 – $17.26
Volume: 5.96M
Previous Close: $11.34

TTM = trailing twelve months — the most recent 12 months (a rolling window), used for P/E, EPS and dividends. On the tables and charts below, the in-progress current year appears as a “Last 12M” column labelled with the quarter range it covers.

Performance

Today

+0.62%

1 Week

-4.36%

1 Month

-18.21%

YTD

-3.79%

1 Year

-7.98%

5 Years

+39.15%

About Telefônica Brasil

US Ticker: VIV
B3 Ticker: VIVT3
Exchange: NYSE
Currency: USD
Sector: Communication Services
Industry: Telecom Services
Headquarters: São Paulo, SP, Brazil
Employees: 35,010
CEO: Mr. Christian Mauad Gebara
Founded: 1998

Telefônica Brasil S.A., together with its subsidiaries, operates as a mobile telecommunications company in Brazil.

Its fixed line voice services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as value-added, prepaid plans with data sharing features, family plans, voice mail, caller identification, voice minutes in unlimited bundles to mobile and fixed-line phones, and digital services, and wireless roaming services.

The company also offers data services, including broadband and mobile data services; fixed-line local services consist of activation, monthly subscription, public telephones and measured services.

In addition, it provides pay TV services through IPTV technologies; network services, such as rental of facilities and other services; wholesale services, including interconnection services to users of other network providers; and digital services that include entertainment, cloud, and security and financial services.

Further, the company offers multimedia communication services, which include audio, data, voice and other sounds, images, texts, and other information, as well as sells devices and accessories, such as smartphones, broadband USB modems, and other devices.

Additionally, it provides telecommunications solutions and IT support to various industries, such as retail, manufacturing, services, financial institutions, government, etc; insurance services; and sale of wireless devices and consumer electronics.

It markets and sells its solutions through Vivo stores, dealers, retail channels, distribution and digital channels, door-to-door sales, and outbound tele sales.

The company was formerly known as Telecomunicações de São Paulo S.A. - TELESP and changed its name to Telefônica Brasil S.A. in October 2011.

Telefônica Brasil S.A. was incorporated in 1998 and is headquartered in São Paulo, Brazil.

www.telefonica.com.br

Analyst Ratings

Consensus of 8 Wall Street analysts · sourced from Yahoo Finance

3.0Hold

On a 1–5 scale: 1 = Strong Buy, 3 = Hold, 5 = Sell. Lower is more bullish.

12-Month Price Target

Low

$12.56

Average

$14.93

High

$18.98

The average target is +30.85% above the current price of $11.41.

Financial Results

Revenue, EBITDA and net profit (in USD) with net margin (net profit ÷ revenue).

Financial Health

Margins, leverage and cash-flow quality derived from Telefônica Brasil's income statement, balance sheet and cash flow (absolute figures in USD).

ProfitabilityLeverageGrowth

Overall: Financially Strong

Net Margin: 10.7%
ROE: 10.1%
Rev Growth (YoY): +5.64%
Net Debt / EBITDA: 0.44×
Current Ratio: 0.95×
Interest Coverage: 6.64×
Free Cash Flow: 10.85B
Payout Ratio: 43.1%

Income — Margins & Efficiency

Metric	Last 12MQ3'25 – Q2'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019	Δ	2018	Δ	2017	Δ	2016	Δ	2015	Δ	2014	Δ	2013	Δ	2012	Δ	2011	Δ	2010	Δ	2009	Δ	2008	Δ	2007	Δ	2006
Revenue	$11,927,598,557	+11.8%	$10,668,778,350	+18.0%	$9,039,487,204	-15.8%	$10,741,856,212	+18.2%	$9,090,784,922	+15.0%	$7,905,032,674	-4.9%	$8,308,189,100	-24.6%	$11,023,744,239	-1.7%	$11,218,507,047	-14.0%	$13,049,087,010	-0.2%	$13,070,276,112	+28.4%	$10,181,923,067	-22.8%	$13,187,132,738	-10.4%	$14,717,033,442	-11.3%	$16,585,817,808	+6.2%	$15,610,467,510	+64.2%	$9,505,566,185	+4.8%	$9,068,247,275	+31.9%	$6,875,638,985	-17.5%	$8,332,681,492	+21.6%	$6,854,826,842
Gross profit	$6,207,138,898	+43.9%	$4,313,137,212	+8.8%	$3,964,598,003	-15.2%	$4,677,075,378	+19.9%	$3,899,913,333	+12.8%	$3,456,113,605	-12.2%	$3,936,432,819	-28.5%	$5,505,681,061	-4.9%	$5,791,382,221	-16.4%	$6,926,490,290	+3.9%	$6,667,725,917	+32.3%	$5,039,992,671	-24.8%	$6,698,049,810	-8.0%	$7,281,706,438	-14.2%	$8,489,664,075	+12.5%	$7,549,582,350	+80.4%	$4,183,782,190	+8.6%	$3,852,096,959	+23.4%	$3,120,730,207	-17.7%	$3,793,498,557	+18.1%	$3,212,541,530
Operating income	$1,947,187,389	+19.9%	$1,624,423,140	+15.7%	$1,403,957,979	-14.0%	$1,632,473,919	+30.8%	$1,248,516,633	-1.9%	$1,272,146,243	+0.3%	$1,267,938,189	-29.4%	$1,796,612,356	-26.4%	$2,440,809,457	+21.9%	$2,003,031,319	+2.3%	$1,958,004,797	+47.9%	$1,324,234,337	-31.2%	$1,924,957,236	-7.9%	$2,090,566,694	-40.7%	$3,525,949,831	+13.5%	$3,107,492,494	+58.2%	$1,963,945,848	+0.0%	$1,963,464,716	+32.7%	$1,479,772,375	-18.5%	$1,815,529,339	-0.6%	$1,826,000,469
EBITDA	$4,896,761,950	+10.6%	$4,426,108,433	+26.9%	$3,487,159,553	-13.4%	$4,025,335,862	+19.3%	$3,375,257,919	+3.3%	$3,265,965,854	-2.4%	$3,345,270,774	-23.1%	$4,347,699,822	-15.1%	$5,119,082,907	+23.5%	$4,143,919,543	+3.1%	$4,017,865,203	+39.1%	$2,887,541,638	-25.1%	$3,855,760,145	-13.6%	$4,465,205,781	-30.3%	$6,407,021,173	+11.4%	$5,749,709,951	+67.2%	$3,438,064,380	-2.3%	$3,520,516,351	+22.2%	$2,881,446,213	-13.8%	$3,342,661,121	+8.6%	$3,078,730,643
Net profit	$1,276,259,757	+15.6%	$1,104,187,028	+23.0%	$898,031,370	-13.4%	$1,036,944,662	+34.1%	$773,003,255	-31.0%	$1,120,132,850	+21.9%	$919,028,119	-26.2%	$1,245,358,543	-46.0%	$2,304,553,198	+65.6%	$1,391,921,114	+10.8%	$1,256,095,686	+49.2%	$841,913,716	-54.7%	$1,859,990,204	+18.1%	$1,575,001,060	-27.7%	$2,177,008,459	-6.8%	$2,335,040,746	+61.8%	$1,443,321,300	+15.8%	$1,246,685,600	+19.7%	$1,041,373,946	-22.1%	$1,336,934,656	+1.4%	$1,318,322,307
Gross margin	52.0%	+11.6 p.p.	40.4%	-3.4 p.p.	43.9%	+0.3 p.p.	43.5%	+0.6 p.p.	42.9%	-0.8 p.p.	43.7%	-3.7 p.p.	47.4%	-2.6 p.p.	49.9%	-1.7 p.p.	51.6%	-1.5 p.p.	53.1%	+2.1 p.p.	51.0%	+1.5 p.p.	49.5%	-1.3 p.p.	50.8%	+1.3 p.p.	49.5%	-1.7 p.p.	51.2%	+2.8 p.p.	48.4%	+4.3 p.p.	44.0%	+1.5 p.p.	42.5%	-2.9 p.p.	45.4%	-0.1 p.p.	45.5%	-1.3 p.p.	46.9%
Operating margin	16.3%	+1.1 p.p.	15.2%	-0.3 p.p.	15.5%	+0.3 p.p.	15.2%	+1.5 p.p.	13.7%	-2.4 p.p.	16.1%	+0.8 p.p.	15.3%	-1.0 p.p.	16.3%	-5.5 p.p.	21.8%	+6.4 p.p.	15.3%	+0.4 p.p.	15.0%	+2.0 p.p.	13.0%	-1.6 p.p.	14.6%	+0.4 p.p.	14.2%	-7.1 p.p.	21.3%	+1.4 p.p.	19.9%	-0.8 p.p.	20.7%	-1.0 p.p.	21.7%	+0.1 p.p.	21.5%	-0.3 p.p.	21.8%	-4.9 p.p.	26.6%
EBITDA margin	41.1%	-0.4 p.p.	41.5%	+2.9 p.p.	38.6%	+1.1 p.p.	37.5%	+0.3 p.p.	37.1%	-4.2 p.p.	41.3%	+1.1 p.p.	40.3%	+0.8 p.p.	39.4%	-6.2 p.p.	45.6%	+13.9 p.p.	31.8%	+1.0 p.p.	30.7%	+2.4 p.p.	28.4%	-0.9 p.p.	29.2%	-1.1 p.p.	30.3%	-8.3 p.p.	38.6%	+1.8 p.p.	36.8%	+0.7 p.p.	36.2%	-2.7 p.p.	38.8%	-3.1 p.p.	41.9%	+1.8 p.p.	40.1%	-4.8 p.p.	44.9%
Net margin	10.7%	+0.4 p.p.	10.3%	+0.4 p.p.	9.9%	+0.3 p.p.	9.7%	+1.2 p.p.	8.5%	-5.7 p.p.	14.2%	+3.1 p.p.	11.1%	-0.2 p.p.	11.3%	-9.2 p.p.	20.5%	+9.9 p.p.	10.7%	+1.1 p.p.	9.6%	+1.3 p.p.	8.3%	-5.8 p.p.	14.1%	+3.4 p.p.	10.7%	-2.4 p.p.	13.1%	-1.8 p.p.	15.0%	-0.2 p.p.	15.2%	+1.4 p.p.	13.7%	-1.4 p.p.	15.1%	-0.9 p.p.	16.0%	-3.2 p.p.	19.2%
Revenue growth (YoY)	5.6%	+1.0 p.p.	4.6%	-2.6 p.p.	7.2%	-1.3 p.p.	8.4%	-0.7 p.p.	9.1%	+7.0 p.p.	2.1%	+4.7 p.p.	-2.6%	-4.4 p.p.	1.9%	+1.3 p.p.	0.6%	-1.1 p.p.	1.6%	-3.9 p.p.	5.5%	-9.6 p.p.	15.1%	+14.3 p.p.	0.8%	-1.6 p.p.	2.4%	-14.1 p.p.	16.5%	-67.8 p.p.	84.3%	+84.4 p.p.	-0.0%	+1.0 p.p.	-1.1%	-9.6 p.p.	8.5%	+7.7 p.p.	0.8%	—	—
Effective tax rate	15.1%	+0.1 p.p.	15.0%	-2.8 p.p.	17.8%	+8.3 p.p.	9.6%	-6.4 p.p.	16.0%	+20.5 p.p.	-4.5%	-25.1 p.p.	20.6%	-1.2 p.p.	21.8%	+1.0 p.p.	20.8%	+1.3 p.p.	19.6%	-0.9 p.p.	20.4%	-1.7 p.p.	22.2%	+26.0 p.p.	-3.8%	-24.1 p.p.	20.3%	-15.4 p.p.	35.7%	+12.8 p.p.	22.9%	-7.5 p.p.	30.4%	-1.0 p.p.	31.3%	+0.4 p.p.	30.9%	+1.6 p.p.	29.3%	+1.0 p.p.	28.2%
Interest coverage	6.64×	+70.3%	3.90×	-69.3%	12.72×	-6.4%	13.58×	+476.0%	2.36×	-64.6%	6.66×	-15.6%	7.89×	-70.2%	26.44×	+17.7%	22.46×	+309.3%	5.49×	-63.4%	14.98×	+23.6%	12.12×	+164.0%	4.59×	-5.1%	4.84×	-43.4%	8.55×	-32.5%	12.67×	-59.8%	31.49×	+284.1%	8.20×	-39.2%	13.48×	—	—	—	—

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Balance Sheet — Health & Leverage

Metric	Last 12MQ3'25 – Q2'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019	Δ	2018	Δ	2017	Δ	2016	Δ	2015	Δ	2014	Δ	2013	Δ	2012	Δ	2011	Δ	2010	Δ	2009	Δ	2008	Δ	2007	Δ	2006
Net debt	$2,170,560,612	-10.0%	$2,412,322,413	+6.0%	$2,275,114,845	-23.3%	$2,964,609,913	-8.0%	$3,222,185,596	+71.2%	$1,882,353,596	+30.7%	$1,440,614,899	-44.5%	$2,597,842,076	+264.9%	$711,940,530	-46.6%	$1,332,337,592	+5.2%	$1,266,488,331	+2.6%	$1,234,488,336	+5.5%	$1,170,453,261	+25.0%	$936,591,362	+133.8%	$400,560,853	-76.3%	$1,687,323,611	+942.5%	$161,853,189	-77.3%	$713,106,713	-55.3%	$1,594,011,068	+18.6%	$1,344,252,829	+24.9%	$1,075,894,784
Net Debt / Equity	0.17×	-10.7%	0.19×	-4.6%	0.20×	-2.5%	0.21×	-17.0%	0.25×	+66.4%	0.15×	+39.2%	0.11×	-27.4%	0.15×	+284.4%	0.04×	-39.4%	0.06×	+6.8%	0.06×	-16.5%	0.07×	+3.1%	0.07×	+34.2%	0.05×	+181.0%	0.02×	-74.8%	0.07×	+215.1%	0.02×	-81.3%	0.12×	-66.5%	0.37×	+53.7%	0.24×	+10.7%	0.22×
Net Debt / EBITDA	0.44×	-18.7%	0.55×	-16.5%	0.65×	-11.4%	0.74×	-22.9%	0.95×	+65.6%	0.58×	+33.8%	0.43×	-27.9%	0.60×	+329.6%	0.14×	-56.7%	0.32×	+2.0%	0.32×	-26.3%	0.43×	+40.8%	0.30×	+44.7%	0.21×	+235.5%	0.06×	-78.7%	0.29×	+523.4%	0.05×	-76.8%	0.20×	-63.4%	0.55×	+37.6%	0.40×	+15.1%	0.35×
Debt / Equity	0.30×	+1.7%	0.30×	-0.4%	0.30×	+10.5%	0.27×	-4.5%	0.28×	+16.8%	0.24×	+26.9%	0.19×	-3.0%	0.20×	+128.9%	0.09×	-29.6%	0.12×	-8.6%	0.13×	-10.6%	0.15×	-14.1%	0.17×	-15.0%	0.20×	+13.8%	0.18×	+25.3%	0.14×	-8.5%	0.16×	-55.3%	0.35×	-5.9%	0.37×	+11.3%	0.33×	+51.6%	0.22×
Current ratio	0.95×	-4.8%	1.00×	+7.2%	0.93×	-2.7%	0.96×	+22.9%	0.78×	-16.9%	0.94×	-12.1%	1.07×	+1.4%	1.05×	-1.7%	1.07×	+14.2%	0.94×	+4.1%	0.90×	-9.6%	1.00×	+2.8%	0.97×	-16.3%	1.16×	-3.7%	1.20×	+29.7%	0.93×	+3.0%	0.90×	-2.3%	0.92×	-16.7%	1.10×	+22.6%	0.90×	+20.5%	0.75×
Return on equity (ROE)	10.1%	+1.3 p.p.	8.8%	+0.8 p.p.	8.0%	+0.7 p.p.	7.2%	+1.3 p.p.	6.0%	-2.9 p.p.	8.9%	+2.0 p.p.	6.9%	-0.2 p.p.	7.1%	-5.4 p.p.	12.5%	+5.8 p.p.	6.6%	+0.7 p.p.	5.9%	+1.0 p.p.	4.9%	-6.1 p.p.	11.0%	+2.3 p.p.	8.7%	-1.3 p.p.	10.0%	-0.1 p.p.	10.1%	-10.5 p.p.	20.6%	-1.0 p.p.	21.6%	-2.5 p.p.	24.1%	+0.2 p.p.	23.9%	-2.7 p.p.	26.5%
Return on assets (ROA)	5.1%	+0.4 p.p.	4.7%	+0.3 p.p.	4.4%	+0.3 p.p.	4.2%	+0.7 p.p.	3.4%	-2.0 p.p.	5.4%	+1.0 p.p.	4.4%	-0.2 p.p.	4.6%	-4.1 p.p.	8.7%	+4.2 p.p.	4.5%	+0.5 p.p.	4.0%	+0.7 p.p.	3.3%	-3.5 p.p.	6.8%	+1.4 p.p.	5.3%	-1.0 p.p.	6.3%	-0.3 p.p.	6.7%	-5.4 p.p.	12.0%	+1.4 p.p.	10.6%	-1.5 p.p.	12.1%	-0.4 p.p.	12.5%	-3.0 p.p.	15.5%
Book value / share	$7.88	+1.2%	$7.78	+13.2%	$6.88	-20.5%	$8.65	+11.6%	$7.75	+3.6%	$7.48	-5.8%	$7.94	-23.6%	$10.39	-5.1%	$10.95	-11.9%	$12.42	-1.5%	$12.61	+8.5%	$11.62	-22.9%	$15.08	-6.8%	$16.19	-16.8%	$19.45	-22.3%	$25.03	+80.4%	$13.88	+21.7%	$11.41	+33.5%	$8.55	-22.9%	$11.08	+12.9%	$9.81

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Net Debt & Leverage

Free Cash Flow

Margins

Dividend Payout Ratio

Capex ÷ Revenue

Cash Conversion (operating cash flow ÷ net income)

Ratios computed from company financial statements. Net Debt = total debt − cash & equivalents; FCF = operating cash flow − capital expenditure; absolute values in USD.

Valuation & Dividends

P/E Ratio History

Dividend History

This year (YTD) $0.75/share · yield 6.56%

Dividends and yield from Yahoo Finance (per ADR share, in US dollars). The current-year figures are calendar year-to-date (dividends actually paid this year), not the trailing 12 months.

Listings

Telefônica Brasil trades on 4 exchanges. Prices on this page are the NYSE ADR (VIV).

Exchange	Ticker	Currency
NYSEpriced here	VIV	USD
B3 (São Paulo)	VIVT3	BRL
Mexico (BMV)	VIV	MXN
Buenos Aires (BYMA)	VIV	ARS

Frequently Asked Questions

Why hold Telefônica Brasil VIV ADR instead of local B3 VIVT3 shares?

Buying directly on Brazil’s B3 exchange means opening a local brokerage account, converting currency and dealing with Brazilian tax paperwork. ADRs remove that friction: they settle in dollars, follow US market hours, and report in formats foreign investors already understand.

The trade-off is that an ADR’s price reflects two moving parts: (1) the underlying share price, quoted in reais on the B3, and (2) the USD/BRL exchange rate. Because of that second part, a rising company can still deliver a flat, or even negative, dollar return if the real weakens against the dollar. The same applies to ETFs: funds such as EWZ, EWZS and FLBR bundle dozens of these companies into a single ticker for instant diversification, but their dollar value still moves with the real.

Where is Telefônica Brasil listed?

Telefônica Brasil trades on 4 exchanges. The line quoted on this page is NYSE in the United States (VIV, US dollars). It also trades on B3 (São Paulo) in Brazil (VIVT3, Brazilian reais), Mexico (BMV) in Mexico (VIV, Mexican pesos) and Buenos Aires (BYMA) in Argentina (VIV, Argentine pesos).

On how many exchanges does Telefônica Brasil trade?

4. NYSE — VIV (USD) · B3 (São Paulo) — VIVT3 (BRL) · Mexico (BMV) — VIV (MXN) · Buenos Aires (BYMA) — VIV (ARS). Prices shown on this page are the NYSE line, VIV.

What is Telefônica Brasil's primary listing?

Telefônica Brasil's primary listing is on the B3 in Brazil, where the shares trade as VIVT3 in reais — the company's home market. The NYSE line quoted on this page is an ADR over those same shares: it gives you the asset in US dollars, on US market hours, without opening a Brazilian brokerage account or trading in reais.

What is the difference between VIV and VIVT3?

They are the same company and, economically, the same asset. VIVT3 is the original Brazilian share, listed on the B3 and quoted in reais. VIV is an American Depositary Receipt over that share, listed on the NYSE and quoted in US dollars — a wrapper whose purpose is to give foreign investors access to the Brazilian asset without opening an account in Brazil. The VIV price therefore tracks two things: VIVT3 in reais, and the USD/BRL exchange rate.

How can I buy Telefônica Brasil stock in the United States?

Telefônica Brasil is listed on the NYSE under VIV, priced in US dollars. Any US brokerage offering NYSE-listed securities can trade it, with no foreign-account paperwork and no currency conversion.

As of Fri, Aug 14, 17:00 BRT · Market closed

Financial data last updated: August 15, 2026

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