Koninklijke KPN NV (MEX:KPNN) Operating Income: MXN30,618 Mil (TTM As of Jun. 2026)

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MEX:KPNN Koninklijke KPN NV MEX:KPNN
53 GF Score
Price MXN87.51
GF Value MXN29.80
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Koninklijke KPN NV Operating Income?

Koninklijke KPN NV MEX:KPNN 53 Operating Income is MXN30,618 Mil as of Jun. 2026. GuruFocus rates MEX:KPNN with a GF Score™ of 53/100 and a GF Value™ of MXN29.80 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Koninklijke KPN NV's Operating Income for the three months ended in Jun. 2026 was MXN6,775 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was MXN30,618 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Koninklijke KPN NV's Operating Income for the three months ended in Jun. 2026 was MXN6,775 Mil. Koninklijke KPN NV's Revenue for the three months ended in Jun. 2026 was MXN29,410 Mil. Therefore, Koninklijke KPN NV's Operating Margin % for the quarter that ended in Jun. 2026 was 23.03%.

Good Sign:

Koninklijke KPN NV operating margin is expanding. Margin expansion is usually a good sign.

Koninklijke KPN NV's 5-Year average Growth Rate for Operating Margin % was 7.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Koninklijke KPN NV's annualized ROC % for the quarter that ended in Jun. 2026 was 8.61%. Koninklijke KPN NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 18.60%.

Koninklijke KPN NV  (MEX:KPNN) Operating Income Explanation

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

Koninklijke KPN NV'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 )
=27098.216 * ( 1 - 23.53% )/( (0 + 240788.16)/ 1 )
=20722.0057752/240788.16
=8.61 %

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))
=0 - 0 - ( 0 - max(0, 0 - 0+0))
=0

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))
=253332.141 - 26093.09 - ( 8422.962 - max(0, 39320.558 - 25771.449+8422.962))
=240788.16

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

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

Koninklijke KPN NV'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 )
=27178.628/( ( (0 + max(0, 0)) + (146085.119 + max(-16222.746, 0)) )/ 1 )
=27178.628/( ( 0 + 146085.119 )/ 1 )
=27178.628/146085.119
=18.60 %

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)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13126.955 + 1105.639 + 623.179) - (26093.09 + 0 + 4985.429)
=-16222.746

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 %:

Koninklijke KPN NV'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 )
=6774.554/29410.008
=23.03 %

* 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.

Koninklijke KPN NV Operating Income Related Terms

Koninklijke KPN NV Operating Income Historical Data

* Premium members only.

The historical data trend for Koninklijke KPN NV'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.

Koninklijke KPN NV Operating Income Chart

Koninklijke KPN NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23,689.61 24,721.09 24,397.01 30,682.99 30,255.48

Koninklijke KPN NV Quarterly Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 7,536.02 7,944.85 8,623.34 7,275.62 6,774.55
MEX:KPNN
53GF Score
Koninklijke KPN NV MEX:KPNN
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Koninklijke KPN NV 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 MXN30,618 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 MXN30,618 Mil mean?
Koninklijke KPN NV (MEX:KPNN) has a Operating Income of MXN30,618 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Koninklijke KPN NV and its competitors.
Is Koninklijke KPN NV's Operating Income too high?
Koninklijke KPN NV's current Operating Income is MXN30,618 Mil. Overall, Koninklijke KPN NV has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Koninklijke KPN NV's Operating Income compare to VZ and TMUS?
Koninklijke KPN NV's Operating Income of MXN30,618 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 Koninklijke KPN NV and its competitors. Koninklijke KPN NV's current Operating Income is MXN30,618 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koninklijke KPN NV stock overvalued right now?
Based on GuruFocus' analysis, Koninklijke KPN NV (MEX:KPNN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN29.80, compared to a current price of MXN87.51 — trading 193.7% above its estimated fair value. The current Operating Income is MXN30,618 Mil. Koninklijke KPN NV's overall GF Score™ is 53/100 with 6 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 Koninklijke KPN NV (MEX:KPNN), the current Operating Income is MXN30,618 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 Koninklijke KPN NV (MEX:KPNN) Overvalued in 2026?

Based on GuruFocus' analysis, Koninklijke KPN NV stock appears to be overvalued. The current stock price of MXN87.51 is trading 193.7% above its estimated GF Value™ of MXN29.80. GuruFocus considers Koninklijke KPN NV to be Significantly Overvalued.

Key valuation signals for MEX:KPNN:

  • Operating Income: MXN30,618 Mil
  • GF Value™: MXN29.80 vs. price of MXN87.51 (193.7% above fair value)
  • GF Score™: 53/100 with 6 warning signs

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

Koninklijke KPN NV Business Description

Address Wilhelminakade 123, Rotterdam, NLD, 3072 AP
KPN is the incumbent telecommunications operator in the Netherlands. It has 40% share of the broadband market and 20% of the postpaid mobile market, with VodafoneZiggo (mobile and fixed) and Odido (mobile) as main competitors. KPN is rolling out fiber to the home in the Netherlands and expects to have most of the country covered by 2026. KPN's management has a cost-conscious mentality, something that has allowed it to grow dividends at midsingle digits over many years.
53GF Score

Get the complete analysis for MEX:KPNN

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

MXN87.51
Price
MXN29.80
GF Value