MTN Nigeria Communications (NSA:MTNN) Revenue: ₦5,644,653 Mil (TTM As of Mar. 2026)

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NSA:MTNN MTN Nigeria Communications PLC NSA:MTNN
85 GF Score
Price ₦837.00
GF Value ₦627.87
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is MTN Nigeria Communications Revenue?

MTN Nigeria Communications NSA:MTNN -2.35% 85 Revenue is ₦5,644,653 Mil as of Mar. 2026. GuruFocus rates NSA:MTNN with a GF Score™ of 85/100 and a GF Value™ of ₦627.87 (Significantly Overvalued). The stock has 3 warning signs investors should review.

MTN Nigeria Communications's revenue for the three months ended in Mar. 2026 was ₦1,498,321 Mil. Its revenue for the trailing twelve months (TTM) ended in Mar. 2026 was ₦5,644,653 Mil. MTN Nigeria Communications's Revenue per Share for the three months ended in Mar. 2026 was ₦71.45. Its Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ₦269.17.

During the past 12 months, the average Revenue per Share Growth Rate of MTN Nigeria Communications was 54.00% per year. During the past 3 years, the average Revenue per Share Growth Rate was 37.30% per year. During the past 5 years, the average Revenue per Share Growth Rate was 28.80% per year. 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 other companies' revenue growth rate using Revenue per Share data.

During the past 8 years, MTN Nigeria Communications's highest 3-Year average Revenue per Share Growth Rate was 37.30% per year. The lowest was 16.80% per year. And the median was 21.20% per year.


MTN Nigeria Communications  (NSA:MTNN) Revenue Explanation

In ranking the predictability, companies with more consistent revenue and earnings growth are ranked high with predictability.

Peter Lynch categorized companies according to their revenue growth:


Slow Grower: Inflation < 10-Year Revenue Growth Rate < 10%:
Stalwart: 10% < 10-Year Revenue Growth Rate < 20%:
Fast Grower: 10-Year Revenue Growth Rate > 20%:

His favorite companies are stalwart, those growing between 10-20% a year.

Companies in cyclical industries may see their revenue fluctuate wildly in good years and bad years.


Be Aware

Revenue can be manipulated by changing the way how revenue is booked. Companies may book sales before the payment is received, or before the revenue is fully earned. These will be added to balance sheet items such as account payable or account receivables.


MTN Nigeria Communications Revenue Related Terms


MTN Nigeria Communications Revenue Historical Data

* Premium members only.

The historical data trend for MTN Nigeria Communications's Revenue 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.

MTN Nigeria Communications Revenue Chart

MTN Nigeria Communications Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Revenue
Get a 7-Day Free Trial 1,654,204.00 2,011,915.00 2,468,540.00 3,358,345.00 5,202,905.00

MTN Nigeria Communications Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Revenue 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 1,056,572.00 1,321,131.00 1,353,250.00 1,471,951.00 1,498,321.00

NSA:MTNN vs VZ, TMUS, T: Revenue Comparison

For the Telecom Services subindustry, MTN Nigeria Communications's Revenue, along with its competitors' market caps and Revenue 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.


MTN Nigeria Communications Revenue vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, MTN Nigeria Communications's Revenue distribution charts can be found below:

* The bar in red indicates where MTN Nigeria Communications's Revenue falls into.


NSA:MTNN
85GF Score
MTN Nigeria Communications PLC NSA:MTNN
Revenue is just one metric. See GF Score™, valuation, warning signs, and more.
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MTN Nigeria Communications Revenue Calculation

Also referred as sales, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Revenue is often referred to as the "top line" due to its position on the income statement at the very top.

Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦5,644,653 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 Revenue →
What does a Revenue of ₦5,644,653 Mil mean?
MTN Nigeria Communications (NSA:MTNN) has a Revenue of ₦5,644,653 Mil as of Mar. 2026. Revenue is the total amount a company generates as sales through its operations. View historical data on MTN Nigeria Communications and its competitors.
Is MTN Nigeria Communications' Revenue too high?
MTN Nigeria Communications' current Revenue is ₦5,644,653 Mil. Overall, MTN Nigeria Communications has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Nigeria Communications' Revenue compare to VZ and TMUS?
MTN Nigeria Communications' Revenue of ₦5,644,653 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 Revenue for a Telecommunication Services company?
A good Revenue depends on the Telecommunication Services industry context. However, Revenue 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 Revenue mean?
A high Revenue can signal that a stock is expensive relative to its fundamentals. Revenue is the total amount a company generates as sales through its operations. View historical data on MTN Nigeria Communications and its competitors. MTN Nigeria Communications's current Revenue is ₦5,644,653 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTN Nigeria Communications stock overvalued right now?
Based on GuruFocus' analysis, MTN Nigeria Communications (NSA:MTNN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦627.87, compared to a current price of ₦837.00 — trading 33.3% above its estimated fair value. The current Revenue is ₦5,644,653 Mil. MTN Nigeria Communications' overall GF Score™ is 85/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Revenue calculated?
Revenue is calculated from a company's financial statements. For MTN Nigeria Communications (NSA:MTNN), the current Revenue is ₦5,644,653 Mil 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 MTN Nigeria Communications (NSA:MTNN) Overvalued in 2026?

Based on GuruFocus' analysis, MTN Nigeria Communications stock appears to be overvalued. The current stock price of ₦837.00 is trading 33.3% above its estimated GF Value™ of ₦627.87. GuruFocus considers MTN Nigeria Communications to be Significantly Overvalued.

Key valuation signals for NSA:MTNN:

  • Revenue: ₦5,644,653 Mil
  • GF Value™: ₦627.87 vs. price of ₦837.00 (33.3% above fair value)
  • GF Score™: 85/100 with 3 warning signs

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


MTN Nigeria Communications Business Description

Address 4 Aromire Road, Off Alfred Rewane, Ikoyi, Lagos, NGA
MTN Nigeria Communications PLC is a provider of communications services. The principal activities of the company are the provision of broadband fixed wireless access service, mobile broadband solutions, and fibre-to-the-home connectivity. The group operates in three reportable segments, namely, Consumer Business Unit (CBU), which consists of subscribers sitting in value propositions and tariff plans for Youth, High Value, and Mass segments, Enterprise Business Unit (EBU), which consists of small and medium organizations to whom the services are provided, and Wholesale Business Unit (WBU), which serves customers who buy MTN telecom products. The majority of the revenue is generated from the CBU segment.
85GF Score

Get the complete analysis for NSA:MTNN

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

₦837.00
Price
₦627.87
GF Value