Telefonica Brasil (FRA:TSPA) Net Margin %: 8.16% (As of Mar. 2026) — 22% Below Median


FRA:TSPA Telefonica Brasil SA FRA:TSPA
80 GF Score
Price €11.20
GF Value €10.27
Valuation Fairly Valued
! 2 Warning Signs
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What is Telefonica Brasil Net Margin %?

Telefonica Brasil FRA:TSPA +3.70% 80 Net Margin % is 8.16% as of Mar. 2026, which is 22% below its 10-year median of 10.51. GuruFocus rates FRA:TSPA with a GF Score™ of 80/100 and a GF Value™ of €10.27 (Fairly Valued). The stock has 2 warning signs investors should review. Among 368 Telecommunication Services companies, Telefonica Brasil ranks better than 67.12% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Telefonica Brasil's Net Income for the three months ended in Mar. 2026 was €209 Mil. Telefonica Brasil's Revenue for the three months ended in Mar. 2026 was €2,557 Mil. Therefore, Telefonica Brasil's net margin for the quarter that ended in Mar. 2026 was 8.16%.

The historical rank and industry rank for Telefonica Brasil's Net Margin % or its related term are showing as below:

FRA:TSPA' s Net Margin % Range Over the Past 10 Years
Min: 8.5   Med: 10.51   Max: 20.54
Current: 10.5


FRA:TSPA's Net Margin % is ranked better than
67.12% of 368 companies
in the Telecommunication Services industry
Industry Median: 5.455 vs FRA:TSPA: 10.50

Telefonica Brasil  (FRA:TSPA) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Telefonica Brasil Net Margin % Related Terms


Telefonica Brasil Net Margin % Historical Data

* Premium members only.

The historical data trend for Telefonica Brasil's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Telefonica Brasil Net Margin % Chart

Telefonica Brasil Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.17 8.50 9.65 9.93 10.35

Telefonica Brasil Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.35 9.18 12.63 12.02 8.16

FRA:TSPA vs TMUS, VZ, T: Net Margin % Comparison

For the Telecom Services subindustry, Telefonica Brasil's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Telefonica Brasil Net Margin % vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telefonica Brasil's Net Margin % distribution charts can be found below:

* The bar in red indicates where Telefonica Brasil's Net Margin % falls into.


FRA:TSPA
80GF Score
Telefonica Brasil SA FRA:TSPA
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Telefonica Brasil Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Telefonica Brasil's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=965.484/9328.616
=10.35 %

Telefonica Brasil's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=208.589/2556.662
=8.16 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 8.16% mean?
Telefonica Brasil (FRA:TSPA) has a Net Margin % of 8.16% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Telefonica Brasil and its competitors. This is 22% below median its historical median of 10.51. Over the past decade, Telefonica Brasil's Net Margin % has ranged from 8.50 to 20.54. According to the industry distribution chart, Telefonica Brasil ranks #121 out of 368 companies in the Telecommunication Services industry, placing it in the top 32.9%.
Is Telefonica Brasil's Net Margin % too high?
Telefonica Brasil's current Net Margin % of 8.16% is 22% below median its 10-year median of 10.51. Over the past 10 years, this metric has ranged from a low of 8.50 to a high of 20.54. The Telecommunication Services industry median Net Margin % is 5.46. Telefonica Brasil's value of 8.16% is 49.6% above this industry median. Based on the distribution chart, Telefonica Brasil ranks #121 out of 368 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Telefonica Brasil has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Telefonica Brasil's Net Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telefonica Brasil ranks #121 out of 368 companies for Net Margin %. This puts Telefonica Brasil in the upper half of its industry. The industry median Net Margin % is 5.46. Telefonica Brasil's value of 8.16% is 49.6% above this benchmark. Historically, Telefonica Brasil's own Net Margin % has ranged from 8.50 to 20.54 over the past decade. While the company's 10-year median is 10.51 vs. the industry median of 5.46, Telefonica Brasil has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Telecommunication Services company?
The median Net Margin % among Telecommunication Services companies is 5.46, based on 368 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Telefonica Brasil's current Net Margin % of 8.16% is 49.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Telefonica Brasil and its competitors. For the Telecommunication Services industry, the median Net Margin % is 5.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telefonica Brasil's current Net Margin % is 8.16%, which is 22% below median its own 10-year median of 10.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telefonica Brasil stock overvalued right now?
Based on GuruFocus' analysis, Telefonica Brasil (FRA:TSPA) is currently considered Fairly Valued. The stock's GF Value™ is €10.27, compared to a current price of €11.20 — trading 9.1% above its estimated fair value. The current Net Margin % is 8.16%, which is 22% below median its 10-year median of 10.51 and 49.6% above the Telecommunication Services industry median of 5.46. Telefonica Brasil's overall GF Score™ is 80/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Telefonica Brasil (FRA:TSPA), the current Net Margin % is 8.16% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Telefonica Brasil (FRA:TSPA) Overvalued in 2026?

Based on GuruFocus' analysis, Telefonica Brasil stock appears to be overvalued. The current stock price of €11.20 is trading 9.1% above its estimated GF Value™ of €10.27. GuruFocus considers Telefonica Brasil to be Fairly Valued.

Key valuation signals for FRA:TSPA:

  • Net Margin %: 8.16% (22% below median its 10-year median of 10.51)
  • GF Value™: €10.27 vs. price of €11.20 (9.1% above fair value)
  • GF Score™: 80/100 with 2 warning signs
  • Industry Position: 49.6% above the Telecommunication Services median (#121 of 368)

No single metric tells the full story. See the FRA:TSPA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Telefonica Brasil Business Description

Address Avenida Engenheiro Luis Carlos Berrini, 1376, 32nd Floor, Sao Paulo, SP, BRA, 04571-936
Telefonica Brasil, known as Vivo, is the largest wireless carrier in Brazil with 103 million customers, which is equal to about 38% market share. The firm is strongest in the postpaid business, where it has 72 million customers, or about 40% share of this market. Wireless services and equipment contribute about 70% of total revenue. Vivo is the incumbent fixed-line telephone operator in Sao Paulo state and also owns an extensive fiber network across the country. The firm provides internet access to 8 million households on this network. The firm also sells pay-TV and phone services to its fixed-line customers. Finally, corporate data and IT services, including cloud computing support, contribute about 10% of total revenue.
80GF Score

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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€11.20
Price
€10.27
GF Value