Vodafone lifts Q3 revenue, aims for top end of 2026 targets

Vodafone reported solid growth in its fiscal Q3 and now expects to hit the upper end of its 2026 profit and cashflow guidance. Group revenue rose 6.5% year-on-year to €10.5 billion, helped by its African operations and the consolidation of 3 UK and Telekom Romania. Service revenue grew 7.3% to €8.5 billion, driven mainly by Turkiye and Africa, while Germany was flat. The operator has completed €3.5 billion of share buybacks and starts another €500 million tranche on 5 February.

CEO Margherita Della Valle pointed to steady service revenue growth and early progress integrating VodafoneThree in the UK following the merger with CK Hutchison’s 3, which closed at the end of May 2025. Vodafone does not publish net profit in these trading updates. Operating profit fell 52.7% to €483 million, which the company attributed to merger and acquisition activity and accounting effects in India.