Telefônica Brasil S.A.

VIVNYSECommunication Services● Active

$12.81

$-0.35(-2.66%)

Market Cap$20.5B

P/E Ratio—

52W High$17.26

52W Low$10.11

Avg Volume1.1M

Open$13.17

Beta0.22

Overview

Telefônica Brasil S.A. (VIV) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

VIV · free cash flow · updated Jun 8, 2026

Core FCF metrics

VIV · FCF · TTM · margin & CAGR

Free cash flow was $11.04B for FY2025 (fiscal year ending 2025-12-31), up 4.6% year-over-year The FCF margin was 18.9%. Five-year CAGR stands at -0.0%.

FY2025 Free Cash Flow$11.04B▲ +4.6% YoY

Trailing 12M (TTM)$11.48Btrailing 4 quarters sum

FCF Margin18.9%$11.04B ÷ revenue

3-Year CAGR+6.8%FY2022 → FY2025

5-Year CAGR-0.0%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

VIV · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$20.31B(9.27B)$11.04B▲ +4.6%18.9%

FY2024$19.88B(9.32B)$10.55B▲ +5.8%18.9%

FY2023$18.79B(8.81B)$9.97B▲ +10.2%19.1%

FY2022$18.94B(9.89B)$9.05B▲ +3.1%18.8%

FY2021$18.07B(9.30B)$8.78B▼ 20.6%19.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

VIV · P/FCF · FCF yield · FCF per share

Telefônica Brasil S.A. (VIV) trades at a FCF yield of 10.90% and a price-to-free-cash-flow ratio of 1.8x. FCF per share stands at $7.12, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

10.90%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$7.12

TTM FCF ÷ Shares Outstanding

Price / FCF

x1.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x10.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

VIV · cash flow statement · operating / investing / financing

For FY2025, Telefônica Brasil S.A. generated $20.31B in operating cash flow and spent 9.27B in capital expenditures, yielding $11.04B in free cash flow.

Operating Activities

+$20.31B

Cash from core business operations

2025-12-31

Investing Activities

−$9.82B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$10.16B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($20.31B) − |CapEx| (9.27B) = FCF ($11.04B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Communication Services)

VIV vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Telefônica Brasil S.A.YOU

VIV

$11.04B+4.6%18.9%

15%

About Free Cash Flow & Methodology

Telefônica Brasil S.A. (VIV) reported free cash flow of $11.04B for FY2025 (fiscal year ending 2025-12-31), up 4.6% year-over-year. The FCF margin was 18.9%.

Based on available data, Telefônica Brasil S.A. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $11.05B in FY2020. The 5-year CAGR stands at -0.0%.

Telefônica Brasil S.A.'s FCF yield is 10.90% and price-to-FCF ratio is 1.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

VIV free cash flow · 8 questions

Telefônica Brasil S.A. free cash flow was $11.04B for FY2025, up 4.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $11.48B.

VIV free cash flowVIV FCFVIV FCF 2025VIV free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Telefônica Brasil S.A. · Telefônica Brasil S.A. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026