Vodafone Qatar QSC (DSMD:VFQS) Operating Income: ر.ق862 Mil (TTM As of Jun. 2026)

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DSMD:VFQS Vodafone Qatar QSC DSMD:VFQS
89 GF Score
Price ر.ق2.63
GF Value ر.ق2.20
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Vodafone Qatar QSC Operating Income?

Vodafone Qatar QSC DSMD:VFQS -1.50% 89 Operating Income is ر.ق862 Mil as of Jun. 2026. GuruFocus rates DSMD:VFQS with a GF Score™ of 89/100 and a GF Value™ of ر.ق2.20 (Modestly Overvalued). The stock has 4 warning signs investors should review.

Vodafone Qatar QSC's Operating Income for the three months ended in Jun. 2026 was ر.ق228 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ر.ق862 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Vodafone Qatar QSC's Operating Income for the three months ended in Jun. 2026 was ر.ق228 Mil. Vodafone Qatar QSC's Revenue for the three months ended in Jun. 2026 was ر.ق888 Mil. Therefore, Vodafone Qatar QSC's Operating Margin % for the quarter that ended in Jun. 2026 was 25.66%.

Good Sign:

Vodafone Qatar QSC operating margin is expanding. Margin expansion is usually a good sign.

Vodafone Qatar QSC's 5-Year average Growth Rate for Operating Margin % was 15.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vodafone Qatar QSC's annualized ROC % for the quarter that ended in Jun. 2026 was 11.63%. Vodafone Qatar QSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 40.09%.


Vodafone Qatar QSC  (DSMD:VFQS) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Vodafone Qatar QSC's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=911.064 * ( 1 - 9.93% )/( (7030.685 + 7086.189)/ 2 )
=820.5953448/7058.437
=11.63 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7582.817 - 784.526 - ( 463.948 - max(0, 1540.391 - 1307.997+463.948))
=7030.685

Invested Capital(Q: Jun. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7625.871 - 590.147 - ( 456.373 - max(0, 1370.454 - 1319.989+456.373))
=7086.189

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Vodafone Qatar QSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=940.096/( ( (2366.991 + max(-742.229, 0)) + (2322.5 + max(-604.742, 0)) )/ 2 )
=940.096/( ( 2366.991 + 2322.5 )/ 2 )
=940.096/2344.7455
=40.09 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(435.402 + 25.257 + 197.471) - (784.526 + 0 + 615.833)
=-742.229

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(401.864 + 22.696 + 228.645) - (590.147 + 0 + 667.8)
=-604.742

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Vodafone Qatar QSC's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=227.766/887.725
=25.66 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Vodafone Qatar QSC Operating Income Related Terms


Vodafone Qatar QSC Operating Income Historical Data

* Premium members only.

The historical data trend for Vodafone Qatar QSC's Operating Income 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.

Vodafone Qatar QSC Operating Income Chart

Vodafone Qatar QSC Annual Data
Trend Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 363.41 598.60 655.37 705.48 789.89

Vodafone Qatar QSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income 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 194.10 191.88 215.16 226.70 227.77
DSMD:VFQS
89GF Score
Vodafone Qatar QSC DSMD:VFQS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Vodafone Qatar QSC Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ر.ق862 Mil.

* 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 Operating Income →
What does a Operating Income of ر.ق862 Mil mean?
Vodafone Qatar QSC (DSMD:VFQS) has a Operating Income of ر.ق862 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Vodafone Qatar QSC and its competitors.
Is Vodafone Qatar QSC's Operating Income too high?
Vodafone Qatar QSC's current Operating Income is ر.ق862 Mil. Overall, Vodafone Qatar QSC has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vodafone Qatar QSC's Operating Income compare to VZ and TMUS?
Vodafone Qatar QSC's Operating Income of ر.ق862 Mil can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Telecommunication Services company?
A good Operating Income depends on the Telecommunication Services industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Vodafone Qatar QSC and its competitors. Vodafone Qatar QSC's current Operating Income is ر.ق862 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vodafone Qatar QSC stock overvalued right now?
Based on GuruFocus' analysis, Vodafone Qatar QSC (DSMD:VFQS) is currently considered Modestly Overvalued. The stock's GF Value™ is ر.ق2.20, compared to a current price of ر.ق2.63 — trading 19.5% above its estimated fair value. The current Operating Income is ر.ق862 Mil. Vodafone Qatar QSC's overall GF Score™ is 89/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Vodafone Qatar QSC (DSMD:VFQS), the current Operating Income is ر.ق862 Mil as of Jun. 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 Vodafone Qatar QSC (DSMD:VFQS) Overvalued in 2026?

Based on GuruFocus' analysis, Vodafone Qatar QSC stock appears to be overvalued. The current stock price of ر.ق2.63 is trading 19.5% above its estimated GF Value™ of ر.ق2.20. GuruFocus considers Vodafone Qatar QSC to be Modestly Overvalued.

Key valuation signals for DSMD:VFQS:

  • Operating Income: ر.ق862 Mil
  • GF Value™: ر.ق2.20 vs. price of ر.ق2.63 (19.5% above fair value)
  • GF Score™: 89/100 with 4 warning signs

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


Vodafone Qatar QSC Business Description

Address Street 981, Doha Zone 3, P.O. Box 27727, Building number 2, 4th Floor, Msherieb Downtown, Doha, QAT
Vodafone Qatar QSC provides cellular mobile telecommunication services, fixed-line services, and sells mobile-related equipment and accessories. It operates in two segments: Consumer and Enterprise and others. Its services include messaging, interconnect, data broadband services, connection fees, and equipment sales. The company offers a comprehensive range of services that include voice, messaging, data, fixed communications, Internet of Things and ICT managed services, for consumers and businesses alike.
89GF Score

Get the complete analysis for DSMD:VFQS

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

ر.ق2.63
Price
ر.ق2.20
GF Value