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Telenor stock: growth
TEL.OLTelenor reported $8.03B in revenue for fiscal 2025, down 4.2% on the prior year, down 9% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
−0.9%
per year from 2006 to 2025, per share 0.2%
Earnings (Annual rate)
−4.3%
per year from 2006 to 2025, per share −2.4%
Free cash flow (Annual rate)
2.8%
per year from 2006 to 2025, per share 3.9%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | −9.0% | −5.0% | −0.9% |
| Revenue per share | −8.5% | −4.1% | 0.2% |
| Earnings | −16.7% | 7.4% | −4.3% |
| Earnings per share | −11.6% | 10.2% | −2.4% |
| Free cash flow | −4.9% | 1.9% | 2.8% |
| Free cash flow per share | −4.4% | 2.9% | 3.9% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $9.55B | $1.67B | $1.2B |
| 2007 | $9.7B | $1.89B | $486.02M |
| 2008 | $10.2B | $1.37B | $856.44M |
| 2009 | $10.24B | $907.73M | $1.85B |
| 2010 | $9.95B | $1.5B | $1.37B |
| 2011 | $10.33B | $751.64M | $1.45B |
| 2012 | $10.67B | $1.06B | $745.87M |
| 2013 | $10.91B | $917.7M | $2.24B |
| 2014 | $11.18B | $952.21M | $1.38B |
| 2015 | $13.45B | $358.14M | $1.67B |
| 2016 | $13.79B | $297.09M | $1.68B |
| 2017 | $13.09B | $1.26B | $2.48B |
| 2018 | $11.58B | $1.55B | $1.62B |
| 2019 | $11.92B | $1.25B | $1.28B |
| 2020 | $12.88B | $1.82B | $2.6B |
| 2021 | $11.56B | $1.19B | $2.39B |
| 2022 | $10.38B | $1.43B | $2.09B |
| 2023 | $8.44B | $1.44B | $1.51B |
| 2024 | $8.38B | $1.92B | $1.9B |
| 2025 | $8.03B | $731.6M | $2.02B |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = NOK 9.5325)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 4 Jul 2025)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.