巴西电信 VIV
$11.43 +$0.11 (+0.97%)
休市 · Nov 6, 8:20 pm ET · 最新盘后价 $11.43 0.00%
开盘$11.30
昨收$11.32
当日区间$11.30 – $11.49
成交量1.54M
市值$18.26B
市盈率（TTM）15.3
股息率8.42%
基本面
最新报告季度：Q2, ended Jun 2026 · 报告货币为BRL
营收R$15.76B+7.6% YoY
营业利润R$2.78B+13.1% YoY
净利润R$1.57B+17.1% YoY
摊薄每股收益R$0.98+18.1% YoY
自由现金流R$2.90B-20.2% YoY
经营现金流R$5.15B
营收，近8个季度
净利润，近8个季度
各季度摊薄每股收益
各季度自由现金流
年度营收
盈利能力与资产负债表
毛利率45.0%
营业利润率17.1%
净利率10.7%
净资产收益率9.9%
资产收益率5.2%
投入资本回报率7.3%
流动比率0.95
负债/资产比率49.0%
现金及投资R$8.56B
总负债R$15.02B
净现金（净负债）-R$6.45B
自由现金流/营收17.4%
营收构成
2026/Q2 季度
按业务线
该公司以本国货币报告财务数据，并非美元。以下数字均标注了实际货币单位，未自动换算。
利润表
| 项目 | 2026 Q2 (BRL) |
2026 Q1 (BRL) |
2025 ANNUAL (BRL) |
2025 Q4 (BRL) |
2025 Q3 (BRL) |
|---|---|---|---|---|---|
| 报告营业总收入 | R$15.76B | R$15.46B | R$59.60B | R$15.61B | R$14.95B |
| 营业总收入 | R$15.76B | R$15.46B | R$59.60B | R$15.61B | R$14.95B |
| 营业成本 | R$8.58B | R$8.51B | R$32.93B | R$8.72B | R$8.14B |
| 毛利润 | R$7.18B | R$6.94B | R$26.67B | R$6.89B | R$6.80B |
| 营业费用 | R$4.40B | R$4.45B | R$16.77B | R$4.57B | R$3.86B |
| 销售及管理费用 | R$3.47B | R$3.48B | R$12.87B | R$3.29B | R$3.19B |
| -销售及营销费用 | R$1.76B | R$1.81B | R$6.45B | R$1.60B | R$1.62B |
| -管理费用 | R$1.71B | R$1.67B | R$6.42B | R$1.69B | R$1.57B |
| 折旧、摊销与折耗 | R$675.93M | R$659.57M | R$2.58B | R$650.70M | R$641.76M |
| -折旧与摊销 | R$675.93M | R$659.57M | R$2.58B | R$650.70M | R$641.76M |
| 资产减值损失 | R$405.08M | R$434.61M | R$1.58B | R$396.71M | R$397.48M |
| 其他税费 | R$22.06M | R$23.12M | R$94.01M | R$20.25M | R$23.16M |
| 其他营业费用 | -R$172.90M | -R$149.86M | -R$347.37M | R$206.97M | -R$391.82M |
| 营业利润 | R$2.78B | R$2.49B | R$9.90B | R$2.33B | R$2.94B |
| 非经营性利息净收入（支出） | -R$585.96M | -R$714.60M | -R$1.93B | -R$480.28M | -R$483.62M |
| 非经营性利息收入 | R$269.80M | R$284.19M | R$1.17B | R$279.06M | R$304.48M |
| 非经营性利息支出 | R$255.58M | R$832.20M | R$792.80M | R$199.79M | R$186.19M |
| 其他财务成本合计 | R$600.19M | R$166.59M | R$2.31B | R$559.55M | R$601.91M |
| 其他收入（支出） | -R$309.52M | -R$176.73M | -R$692.10M | R$352.19M | -R$358.23M |
| 证券出售收益 | -R$127.70M | -R$5.88M | R$57.99M | -R$12.74M | R$28.80M |
| 权益法投资收益 | R$358,000.00 | -R$1.95M | -R$18.23M | -R$15.69M | R$621,000.00 |
| 特殊收益（费用） | -R$182.17M | -R$168.90M | -R$731.86M | R$380.61M | -R$387.65M |
| -减：其他特殊支出 | R$182.17M | R$168.90M | R$731.86M | -R$380.61M | R$387.65M |
| 税前利润 | R$1.88B | R$1.60B | R$7.27B | R$2.20B | R$2.10B |
| 税费 | R$316.26M | R$346.54M | R$1.09B | R$302.21M | R$215.05M |
| 净利润 | R$1.57B | R$1.26B | R$6.18B | R$1.90B | R$1.89B |
| 持续经营利润 | R$1.57B | R$1.26B | R$6.18B | R$1.90B | R$1.89B |
| 少数股东权益 | -R$5.00M | -R$4.53M | R$9.64M | R$18.37M | -R$1.14M |
| 归属母公司净利润 | R$1.57B | R$1.26B | R$6.17B | R$1.88B | R$1.89B |
| 归属普通股股东净利润 | R$1.57B | R$1.26B | R$6.17B | R$1.88B | R$1.89B |
| 基本每股收益 | R$0.98 | R$0.78 | R$3.82 | R$1.18 | R$1.18 |
| 摊薄每股收益 | R$0.98 | R$0.78 | R$3.82 | R$1.18 | R$1.18 |
| 每股股息 | R$3.24 | R$0.33 | R$2.30 | R$0.73 | R$0.67 |
资产负债表
| 项目 | 2026 Q2 (BRL) |
2026 Q1 (BRL) |
2025 ANNUAL (BRL) |
2025 Q4 (BRL) |
2025 Q3 (BRL) |
|---|---|---|---|---|---|
| 总资产 | R$128.91B | R$130.48B | R$128.07B | R$128.07B | R$123.90B |
| 流动资产合计 | R$27.94B | R$28.63B | R$25.22B | R$25.22B | R$24.25B |
| 现金及现金等价物与短期投资 | R$8.56B | R$9.14B | R$7.13B | R$7.13B | R$6.80B |
| -现金及现金等价物 | R$8.47B | R$9.05B | R$7.03B | R$7.03B | R$6.80B |
| -短期投资 | R$91.81M | R$88.75M | R$99.10M | R$99.10M | – |
| 应收款 | R$13.44B | R$13.37B | R$13.66B | R$13.66B | R$12.99B |
| -应收账款 | R$10.50B | R$10.30B | R$10.62B | R$10.62B | R$10.05B |
| -应收税款 | R$2.95B | R$3.07B | R$3.04B | R$3.04B | R$2.94B |
| 预付资产 | R$3.42B | R$3.64B | R$2.41B | R$2.41B | R$2.61B |
| 存货 | R$1.78B | R$1.76B | R$1.48B | R$1.48B | R$1.26B |
| 受限现金 | R$158.28M | R$129.18M | R$107.57M | R$107.57M | R$107.14M |
| 其他流动资产 | R$516.95M | R$501.82M | R$419.30M | R$419.30M | R$478.15M |
| 非流动资产合计 | R$100.98B | R$101.85B | R$102.85B | R$102.85B | R$99.65B |
| 固定资产净值 | R$45.94B | R$46.38B | R$47.36B | R$47.36B | R$44.73B |
| -固定资产原值 | R$199.11B | R$196.70B | R$195.10B | R$195.10B | R$189.45B |
| -累计折旧 | -R$153.17B | -R$150.32B | -R$147.74B | -R$147.74B | -R$144.72B |
| 投资及预付款 | R$466.32M | R$481.10M | R$462.19M | R$462.19M | R$633.04M |
| 金融资产 | R$31.92M | R$40.23M | R$8.62M | R$8.62M | R$6.15M |
| 一年以上应收账款 | R$1.14B | R$1.03B | R$902.42M | R$902.42M | R$753.10M |
| 一年以上预付资产 | R$2.67B | R$2.64B | R$2.50B | R$2.50B | R$2.38B |
| 商誉及其他无形资产 | R$47.33B | R$47.62B | R$47.97B | R$47.97B | R$47.52B |
| -商誉 | R$27.24B | R$27.24B | R$27.24B | R$27.24B | R$26.62B |
| -其他无形资产 | R$20.10B | R$20.38B | R$20.73B | R$20.73B | R$20.90B |
| 一年以上递延资产 | R$221.70M | R$310.02M | R$314.28M | R$314.28M | R$134.72M |
| 其他非流动资产 | R$3.17B | R$3.35B | R$3.34B | R$3.34B | R$3.49B |
| 负债合计 | R$63.21B | R$60.71B | R$59.07B | R$59.07B | R$55.40B |
| 流动负债合计 | R$29.38B | R$26.05B | R$25.25B | R$25.25B | R$23.88B |
| 应付款 | R$13.55B | R$15.27B | R$14.28B | R$14.28B | R$13.40B |
| -应付账款 | R$10.02B | R$10.23B | R$9.86B | R$9.86B | R$9.53B |
| -应付税款合计 | R$1.85B | R$1.82B | R$1.65B | R$1.65B | R$1.60B |
| -应付股利 | R$1.68B | R$3.22B | R$2.77B | R$2.77B | R$2.27B |
| 短期债务及融资租赁负债 | R$5.21B | R$5.19B | R$5.35B | R$5.35B | R$4.91B |
| -一年内到期债务 | R$508.98M | R$377.64M | R$465.69M | R$465.69M | R$387.19M |
| -一年内到期融资租赁负债 | R$4.70B | R$4.81B | R$4.88B | R$4.88B | R$4.52B |
| 一年内预提费用 | R$2.47B | R$1.66B | R$1.61B | R$1.61B | R$1.55B |
| 一年内递延负债 | R$1.29B | R$1.18B | R$1.08B | R$1.08B | R$1.20B |
| 其他流动负债 | R$5.54B | R$1.65B | R$1.58B | R$1.58B | R$1.46B |
| 非流动负债合计 | R$33.83B | R$34.65B | R$33.82B | R$33.82B | R$31.52B |
| 长期应付账款及其他应付款 | R$8.09B | R$7.87B | R$6.84B | R$6.84B | R$6.67B |
| 长期债务及融资租赁负债 | R$14.51B | R$14.68B | R$15.00B | R$15.00B | R$13.17B |
| -长期债务 | R$4.42B | R$4.46B | R$4.45B | R$4.45B | R$3.59B |
| -长期融资租赁负债 | R$10.08B | R$10.22B | R$10.55B | R$10.55B | R$9.57B |
| 衍生产品负债 | R$47.69M | R$70.71M | R$43.86M | R$43.86M | R$12.71M |
| 非流动负债 | R$4.89B | R$5.70B | R$5.62B | R$5.62B | R$5.57B |
| 一年以上递延负债 | R$4.33B | R$4.46B | R$4.45B | R$4.45B | R$4.39B |
| 员工福利 | R$86.81M | R$78.63M | R$113.17M | R$113.17M | R$112.16M |
| 其他非流动负债 | R$1.88B | R$1.80B | R$1.75B | R$1.75B | R$1.59B |
| 股东权益合计 | R$65.70B | R$69.78B | R$69.00B | R$69.00B | R$68.50B |
| 股东权益 | R$65.63B | R$69.50B | R$68.72B | R$68.72B | R$68.44B |
| 股本 | R$56.07B | R$60.07B | R$60.07B | R$60.07B | R$60.07B |
| -普通股 | R$56.07B | R$60.07B | R$60.07B | R$60.07B | R$60.07B |
| 留存收益 | R$1.14B | R$728.70M | – | – | R$2.15B |
| 不影响留存收益的损益 | R$8.38B | R$8.63B | R$8.63B | R$8.63B | R$6.85B |
| 其他权益权益 | R$34.94M | R$67.19M | R$25.05M | R$25.05M | R$65.17M |
| 少数股东权益 | R$73.96M | R$276.54M | R$280.98M | R$280.98M | R$62.25M |
| 减：库存股 | – | – | – | – | R$697.75M |
现金流量表
| 项目 | 2026 Q2 (BRL) |
2026 Q1 (BRL) |
2025 ANNUAL (BRL) |
2025 Q4 (BRL) |
2025 Q3 (BRL) |
|---|---|---|---|---|---|
| 经营活动现金流 | R$5.15B | R$5.30B | R$20.72B | R$5.14B | R$4.61B |
| 持续经营经营活动现金流净额 | R$5.15B | R$5.30B | R$20.72B | R$5.14B | R$4.61B |
| 持续经营净利润 | R$1.88B | R$1.60B | R$7.27B | R$2.20B | R$2.10B |
| 持续经营损益 | R$25.01M | R$70.25M | -R$54.65M | -R$145.26M | -R$21.29M |
| 折旧、折耗与摊销 | R$3.98B | R$3.88B | R$14.94B | R$3.82B | R$3.72B |
| 其他非现金项目 | R$833.82M | R$880.05M | R$3.69B | R$1.61B | R$268.05M |
| 营运资金变动 | -R$920.96M | -R$794.74M | -R$2.97B | -R$1.10B | -R$989.77M |
| -应收款变动 | -R$701.68M | -R$300.14M | -R$3.24B | -R$1.12B | -R$1.38B |
| -存货变动 | -R$23.88M | -R$284.18M | -R$423.20M | -R$225.32M | -R$263.51M |
| -预付资产变动 | -R$23.93M | -R$725.87M | -R$924.23M | -R$93.84M | R$121.28M |
| -应付账款及应计费用变动 | -R$571.14M | R$497.96M | R$507.95M | R$299.94M | -R$142.25M |
| -其他流动资产变动 | R$197,000.00 | -R$75.95M | R$33.82M | R$41.69M | R$98.64M |
| -其他流动负债变动 | R$48.57M | R$193.04M | R$125.87M | R$1.48M | -R$23.35M |
| -其他营运资金变动 | R$350.90M | -R$99.61M | R$948.97M | -R$3.02M | R$599.07M |
| 投资活动现金流净额 | -R$1.78B | -R$2.24B | -R$10.02B | -R$3.32B | -R$2.16B |
| 持续经营投资活动现金流净额 | -R$1.78B | -R$2.24B | -R$10.02B | -R$3.32B | -R$2.16B |
| 固定资产购置及出售净额 | -R$1.79B | -R$2.24B | -R$9.02B | -R$2.27B | -R$2.21B |
| 业务购买及出售净额 | R$5.01M | -R$5.01M | – | – | -R$393,000.00 |
| 投资购置及出售净额 | R$8.50M | -R$13.01M | -R$1.15B | -R$1.07B | -R$39.27M |
| 其他投资变动净额 | R$1.08M | R$15.24M | R$156.96M | R$23.99M | R$88.68M |
| 筹资活动现金流 | -R$3.96B | -R$1.02B | -R$10.36B | -R$1.59B | -R$5.10B |
| 持续经营筹资活动现金流净额 | -R$3.96B | -R$1.02B | -R$10.36B | -R$1.59B | -R$5.10B |
| 债务发行及偿还净额 | -R$968.78M | -R$971.28M | -R$5.21B | -R$913.16M | -R$2.41B |
| 普通股发行净额 | -R$407,000.00 | -R$280,000.00 | -R$3.69B | -R$344.12M | -R$3.50B |
| 已付现金股利 | -R$2.50B | -R$384,000.00 | -R$2.19B | -R$317.94M | -R$380,000.00 |
| 其他筹资费用净额 | -R$484.62M | -R$51.49M | R$734.89M | -R$11.35M | R$806.09M |
| 期末现金余额 | R$8.48B | R$9.06B | R$7.03B | R$7.03B | R$6.80B |
| 现金净变动 | -R$578.73M | R$2.03B | R$341.24M | R$235.78M | -R$2.66B |
| 期初现金余额 | R$9.06B | R$7.03B | R$6.69B | R$6.80B | R$9.45B |
| 自由现金流 | R$2.90B | R$2.88B | R$11.26B | R$2.71B | R$2.25B |
暂无评论——快来第一个聊聊 VIV。