Vodafone Group Delivers Strong Q3 FY26 Performance

Revenue Growth Across Regions  
Vodafone’s Q3 results highlight solid momentum across Europe and Africa. Germany posted steady service revenue growth, while Türkiye and Africa delivered strong double-digit gains. The integration of Three UK is progressing well, strengthening Vodafone’s position in the UK market.  

Profitability And Cash Flow  
Adjusted EBITDAaL grew 2.3% organically to €2.8 billion, reflecting operational efficiency and regional growth. Vodafone confirmed it is on track to deliver at the upper end of its FY26 guidance, with adjusted EBITDAaL expected between €11.3–€11.6 billion and free cash flow between €2.4–€2.6 billion.  

Strategic Initiatives  
The company completed €3.5 billion in share buybacks and announced a new €500 million tranche. Vodafone also reiterated its commitment to a progressive dividend policy, expecting a 2.5% increase in FY26 dividend per share.  

Key Highlights  

• Total revenue up 6.5% to €10.5 billion  
• Service revenue up 7.3% to €8.5 billion  
• Strong growth in Africa and Türkiye  
• Integration of Three UK progressing well  
• €3.5 billion share buybacks completed, new €500 million tranche announced  
• FY26 dividend expected to rise 2.5%  

Conclusion  
Vodafone’s Q3 FY26 performance underscores its resilience and growth potential across diverse markets. With strong regional contributions, ongoing integration efforts, and shareholder-focused initiatives, the company is well-positioned to sustain momentum and deliver on its financial guidance.  

Sources: Mobile World Live, Investegate, Vodafone Group Company Announcement