Telefonica (XMAD:TEF) Tax Provision: €-382 Mil (TTM As of Mar. 2026)

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XMAD:TEF Telefonica SA XMAD:TEF
63 GF Score
Price €3.62
GF Value €3.76
Valuation Fairly Valued
! 7 Warning Signs
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What is Telefonica Tax Provision?

Telefonica XMAD:TEF +0.58% 63 Tax Provision is €-382 Mil as of Mar. 2026. GuruFocus rates XMAD:TEF with a GF Score™ of 63/100 and a GF Value™ of €3.76 (Fairly Valued). The stock has 7 warning signs investors should review.

Telefonica's tax provision for the three months ended in Mar. 2026 was €-189 Mil. Its tax provision for the trailing twelve months (TTM) ended in Mar. 2026 was €-382 Mil.

Telefonica Tax Provision Historical Data

* Premium members only.

The historical data trend for Telefonica's Tax Provision 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 Tax Provision Chart

Telefonica Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Provision
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,378.00 -641.00 899.00 -617.00 -365.00

Telefonica Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Provision 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 -174.00 -224.00 -149.00 180.00 -189.00
XMAD:TEF
63GF Score
Telefonica SA XMAD:TEF
Tax Provision is just one metric. See GF Score™, valuation, warning signs, and more.
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Telefonica Tax Provision Calculation

Tax to be paid.

Tax Provision 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 €-382 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 Tax Provision →
What does a Tax Provision of €-382 Mil mean?
Telefonica (XMAD:TEF) has a Tax Provision of €-382 Mil as of Mar. 2026. Provision for taxes is the amount of tax the company owes based on pre-tax income. View historical data on Telefonica and its competitors.
Is Telefonica's Tax Provision too high?
Telefonica's current Tax Provision is €-382 Mil. Overall, Telefonica has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Telefonica's Tax Provision compare to TMUS and VZ?
Telefonica's Tax Provision of €-382 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 Tax Provision for a Telecommunication Services company?
A good Tax Provision depends on the Telecommunication Services industry context. However, Tax Provision 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 Tax Provision mean?
A high Tax Provision can signal that a stock is expensive relative to its fundamentals. Provision for taxes is the amount of tax the company owes based on pre-tax income. View historical data on Telefonica and its competitors. Telefonica's current Tax Provision is €-382 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telefonica stock overvalued right now?
Based on GuruFocus' analysis, Telefonica (XMAD:TEF) is currently considered Fairly Valued. The stock's GF Value™ is €3.76, compared to a current price of €3.62 — trading 3.8% below its estimated fair value. The current Tax Provision is €-382 Mil. Telefonica's overall GF Score™ is 63/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Provision calculated?
Tax Provision is calculated from a company's financial statements. For Telefonica (XMAD:TEF), the current Tax Provision is €-382 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 Telefonica (XMAD:TEF) Overvalued in 2026?

Based on GuruFocus' analysis, Telefonica stock appears to be undervalued. The current stock price of €3.62 is trading 3.8% below its estimated GF Value™ of €3.76. GuruFocus considers Telefonica to be Fairly Valued.

Key valuation signals for XMAD:TEF:

  • Tax Provision: €-382 Mil
  • GF Value™: €3.76 vs. price of €3.62 (3.8% below fair value)
  • GF Score™: 63/100 with 7 warning signs

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

Telefonica Business Description

Address Ronda de la Comunicacion, s/n, Central Building Auditorium, Telefonica District, Madrid, ESP, 28050
Telefonica is a telecommunications operator with presence in Spain (where it is the incumbent operator), the UK, Germany, Brazil, and Latin American countries. The company derives more than 30% of its revenue from Spain, close to 20% from Germany, and 20% from Brazil. Its UK operations are held through a joint venture with Virgin Media. For several years, Telefonica has been simplifying its corporate structure by selling noncore assets.
63GF Score

Get the complete analysis for XMAD:TEF

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

€3.62
Price
€3.76
GF Value