Q3 2026 Results Overview
Telefônica Brasil S.A. (NYSE: VIV, B3: VIVT3) announced its third‑quarter 2026 financial performance, surpassing analyst expectations across earnings, revenue and cash generation.
Adjusted earnings per share were R$0.77, well above the consensus estimate of R$0.25. Total revenue reached R$16.02 billion, a 7.2 % increase year‑on‑year from R$14.95 billion in Q3 2025 and markedly higher than the analyst forecast of R$3.12 billion.
Revenue growth was led by mobile services, which generated R$10.44 billion, up 7.4 % YoY; fiber‑to‑the‑home (FTTH) services contributed R$2.09 billion, up 5.7 % YoY; and corporate data, ICT and digital services delivered R$1.45 billion, up 4.9 % YoY.
Human postpaid added 3.5 million net accesses over the past twelve months, bringing the total postpaid base to 53.4 million lines.
EBITDA rose 10.0 % YoY to R$7.14 billion, with the EBITDA margin expanding 1.1 percentage points to 44.5 %. Net income climbed 30.1 % YoY to R$2.46 billion, the highest level since Q4 2023.
The fiber network footprint expanded to 32.4 million homes passed, a 6.4 % YoY increase, while homes actually connected grew 10.8 % YoY to 8.4 million.
Operating cash flow improved 17.8 % YoY to R$4.57 billion, delivering an operating cash‑flow margin of 28.6 %.
Shareholder remuneration for the first nine months of 2026 amounted to R$6.99 billion, 9.6 % higher than the total distribution for the full year 2025. The company reaffirmed its policy to distribute at least 100 % of FY 2026 net income to shareholders.