B3 · BRL

VIVT3

Telefonica Brasil S.A.

R$29.68+0.27% (R$0.08)Updated 10/1/26, 12:37 PM

Day's range: R$29.70 – R$30.48
Day's volume: R$158.2M
52-week range: R$28.99 – R$43.47

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VIVT3 in numbers

Market cap: R$96.2B

P/E: 14.51

P/B: 1.46

Dividend yield (12m): 8.58%

Net debt/EBITDA: 0.55

The 12-month dividend yield of VIVT3 is 8.58%, below its 5-year average of 12.44%.

VIVT3 price history

10/01/202510/01/2026

Compare with

VIVT3 risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	-3.88%	+70.37%	+97.27%
Volatility (annualized)	30.17%	25.76%	23.72%
Largest drawdown	-26.84%	-26.84%	-27.59%
Positive months	5/12	21/36	33/60

How much did investing in VIVT3 return?

Amount invested

R$1,000.00 invested on 10/01/2021 would be worth R$1,798.16 today.

Value today in VIVT3: R$1,798.16

Return over the period: +79.82%

Return per year: +12.45%

In the Ibovespa: R$1,788.59

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

VIVT3 fundamentals

Valuation

P/E
14.51
P/B
1.46
EV/EBITDA
4.25
EV/EBIT
10.47
EV/Revenue
1.79
P/EBIT
9.12
P/S
1.56
P/OCF
4.76
P/FCF
8.99
Earnings yield
9.56%
PEG ratio
1.10
Earnings per share
R$2.05
Book value per share
R$20.34

Debt

Net debt
R$14.2B
Net debt/EBITDA
0.55
Net debt/Equity
0.22
Debt/Equity
0.35
Current ratio
0.95
Quick ratio
0.89
Cash ratio
0.29

Efficiency

Gross margin
45.03%
EBITDA margin
42.02%
Operating margin
17.08%
Net margin
10.69%
Asset turnover
0.48

Profitability

ROE
10.05%
ROA
5.12%
ROIC
11.20%
Payout
124.53%

Growth

Revenue CAGR (5 years)
7.27%
Earnings CAGR (5 years)
6.61%
Revenue growth (year)
6.71%
Earnings growth (year)
11.17%
Revenue growth (quarter)
7.14%
Earnings growth (quarter)
13.13%

What is VIVT3's fair price?

Two classic value formulas, with today's numbers. The current price is R$29.68.

Graham's fair price: R$30.59; 3.08% above the price

√(22.50 × R$2.05 × R$20.34)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: R$50.15; 68.96% above the price

R$3.01 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

VIVT3's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	17.32	27.49	17.56	15.74	13.06	16.48	16.58	7.82
P/B	1.55	2.19	1.27	0.94	1.16	1.13	1.18	0.98
EV/EBITDA	4.96	7.44	4.99	4.42	4.86	4.95	5.32	4.25
Dividend yield	9.29%	10.77%	9.66%	19.47%	13.02%	13.81%	15.90%	12.40%
Earnings per share	R$1.91	R$1.70	R$3.04	R$2.44	R$3.69	R$2.82	R$2.96	R$5.28
Book value per share	R$21.39	R$21.40	R$42.13	R$40.82	R$41.40	R$41.13	R$41.67	R$42.35
ROE	8.94%	7.95%	7.22%	5.97%	8.91%	6.86%	7.10%	12.47%
ROIC	9.82%	8.14%	8.16%	6.21%	8.70%	6.61%	6.72%	9.65%
Gross margin	44.75%	43.86%	43.54%	42.90%	43.72%	47.38%	49.94%	51.62%
EBITDA margin	41.62%	40.96%	40.90%	40.09%	43.43%	41.30%	40.97%	41.00%
Net margin	10.35%	9.93%	9.65%	8.50%	14.17%	11.06%	11.30%	20.54%
Net debt/EBITDA	0.66	0.78	0.85	1.08	0.60	0.53	0.75	0.33

VIVT3's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	R$59.6B	R$55.8B	R$52.1B	R$48B	R$44B	R$43.1B
Cost of revenue	-R$32.9B	-R$31.4B	-R$29.4B	-R$27.4B	-R$24.8B	-R$22.7B
Gross profit	R$26.7B	R$24.5B	R$22.7B	R$20.6B	R$19.3B	R$20.4B
EBITDA	R$24.8B	R$22.9B	R$21.3B	R$19.3B	R$19.1B	R$17.8B
EBIT	R$9.9B	R$8.7B	R$7.9B	R$6.6B	R$7.1B	R$6.6B
Financial result	-R$2.6B	-R$1.9B	-R$2.3B	-R$1.8B	-R$1.1B	-R$573.4M
Income before tax	R$7.3B	R$6.8B	R$5.6B	R$4.8B	R$6B	R$6B
Income tax	-R$1.1B	-R$1.2B	-R$533.9M	-R$773.7M	R$269.8M	-R$1.2B
Net income	R$6.2B	R$5.5B	R$5B	R$4.1B	R$6.2B	R$4.8B

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

VIVT3 against its sector

The same indicators for the company's other shares and the sector's largest stocks.

Stock	P/E	P/B	Dividend yield (12m)	ROE	Market cap
VIVT3Telefônica Brasil	14.51	1.46	8.58%	10.05%	R$96.2B
TIMS3TIM S.A.	10.14	1.75	8.03%	17.29%	R$43.6B
DESK3DESKTOP S.A.	40.48	1.58	0.96%	3.91%	R$2.3B
FIQE3UNIFIQUE TELECOMUNICAÇÕES S.A.	8.99	1.65	13.61%	18.40%	R$2B
TELB4TELEC BRASILEIRAS S.A. TELEBRAS	6.71	0.55	0.00%	8.14%	R$1.9B
TELB3TELEC BRASILEIRAS S.A. TELEBRAS	15.10	1.23	0.00%	8.14%	R$1.9B

Does VIVT3 pay dividends?

Announced payments
Type	Last day to own	Payment	Per share
Interest on equity	09/25/2026	04/30/2027	R$0.16
Interest on equity	08/26/2026	04/30/2027	R$0.11
Interest on equity	07/27/2026	04/30/2027	R$0.16
Interest on equity	06/26/2026	04/30/2027	R$0.07
Interest on equity	05/27/2026	04/30/2027	R$0.19
Interest on equity	04/27/2026	04/30/2027	R$0.11
Interest on equity	03/25/2026	04/30/2027	R$0.06
Interest on equity	02/23/2026	04/30/2027	R$0.10

Dividend yield per year

11.02%2017
12.40%2018
15.90%2019
13.81%2020
13.02%2021
19.47%2022
9.66%2023
10.77%2024
9.29%2025
7.57%2026

Payment history
Type	Last day to own	Payment	Per share
Other	05/22/2026	07/14/2026	R$1.25
Interest on equity	12/29/2025	04/14/2026	R$0.11
Interest on equity	11/24/2025	04/14/2026	R$0.11
Interest on equity	10/27/2025	04/14/2026	R$0.12
Interest on equity	09/22/2025	04/14/2026	R$0.12
Interest on equity	08/25/2025	04/14/2026	R$0.08
Interest on equity	07/25/2025	04/14/2026	R$0.10
Interest on equity	06/23/2025	04/14/2026	R$0.06
Interest on equity	05/22/2025	04/14/2026	R$0.15
Interest on equity	04/11/2025	04/14/2026	R$0.15
Interest on equity	03/24/2025	12/02/2025	R$0.12
Interest on equity	02/24/2025	12/02/2025	R$0.11

See all 153 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Other	02/27/2025	07/15/2025	R$1.23
Interest on equity	04/29/2024	04/30/2025	R$0.23
Interest on equity	12/26/2024	04/08/2025	R$0.74
Interest on equity	08/26/2024	04/08/2025	R$0.24
Interest on equity	07/26/2024	04/08/2025	R$0.40
Interest on equity	06/26/2024	12/17/2024	R$0.11
Interest on equity	03/28/2024	12/17/2024	R$0.18
Other	04/10/2024	07/10/2024	R$0.91
Interest on equity	10/23/2023	04/30/2024	R$0.09
Interest on equity	08/31/2023	04/30/2024	R$0.16
Interest on equity	07/31/2023	04/30/2024	R$0.24
Interest on equity	12/26/2023	04/23/2024	R$0.51
Interest on equity	09/22/2023	04/23/2024	R$0.12
Interest on equity	05/31/2023	04/23/2024	R$0.19
Interest on equity	03/31/2023	10/18/2023	R$0.17
Interest on equity	02/28/2023	10/18/2023	R$0.06
Dividend	04/13/2023	07/18/2023	R$0.50
Dividend	12/29/2022	07/18/2023	R$0.60
Interest on equity	12/29/2022	04/18/2023	R$0.43
Interest on equity	08/31/2022	04/18/2023	R$0.18
Interest on equity	06/30/2022	04/18/2023	R$0.29
Interest on equity	04/29/2022	04/18/2023	R$0.09
Interest on equity	03/31/2022	04/18/2023	R$0.15
Interest on equity	02/25/2022	04/18/2023	R$0.11
Dividend	04/26/2022	10/18/2022	R$1.21
Dividend	12/27/2021	10/18/2022	R$0.89
Interest on equity	12/27/2021	07/19/2022	R$0.48
Interest on equity	09/30/2021	07/19/2022	R$0.36
Interest on equity	06/30/2021	07/19/2022	R$0.37
Interest on equity	04/30/2021	07/19/2022	R$0.17
Interest on equity	03/31/2021	07/19/2022	R$0.16
Interest on equity	02/26/2021	07/19/2022	R$0.09
Dividend	04/15/2021	10/05/2021	R$0.94
Dividend	12/28/2020	10/05/2021	R$0.71
Interest on equity	12/28/2020	07/13/2021	R$0.15
Interest on equity	11/27/2020	07/13/2021	R$0.24
Interest on equity	09/28/2020	07/13/2021	R$0.36
Interest on equity	06/30/2020	07/13/2021	R$0.50
Interest on equity	03/31/2020	07/13/2021	R$0.08
Interest on equity	02/28/2020	07/13/2021	R$0.15
Dividend	05/28/2020	12/09/2020	R$1.22
Interest on equity	12/30/2019	08/18/2020	R$0.19
Dividend	12/30/2019	08/18/2020	R$0.56
Interest on equity	06/28/2019	08/18/2020	R$0.54
Interest on equity	04/30/2019	08/18/2020	R$0.32
Interest on equity	02/28/2019	08/18/2020	R$0.39
Dividend	04/11/2019	12/17/2019	R$1.37
Interest on equity	12/17/2018	12/17/2019	R$0.75
Interest on equity	09/17/2018	08/20/2019	R$1.56
Interest on equity	06/29/2018	08/20/2019	R$0.22
Dividend	04/12/2018	12/11/2018	R$1.22
Interest on equity	12/26/2017	08/21/2018	R$0.83
Interest on equity	09/29/2017	08/21/2018	R$0.17
Interest on equity	06/30/2017	08/21/2018	R$0.05
Interest on equity	03/31/2017	08/21/2018	R$0.19
Interest on equity	02/24/2017	08/21/2018	R$0.10
Dividend	04/26/2017	12/13/2017	R$1.06
Interest on equity	12/30/2016	12/13/2017	R$0.34
Interest on equity	09/30/2016	08/22/2017	R$0.36
Interest on equity	06/30/2016	08/22/2017	R$0.09
Interest on equity	04/29/2016	08/22/2017	R$0.12
Interest on equity	03/31/2016	08/22/2017	R$0.19
Interest on equity	02/29/2016	08/22/2017	R$0.11
Dividend	04/28/2016	12/13/2016	R$0.71
Interest on equity	12/30/2015	12/13/2016	R$0.17
Interest on equity	11/30/2015	12/13/2016	R$0.13
Interest on equity	10/30/2015	12/13/2016	R$0.05
Interest on equity	09/30/2015	12/13/2016	R$0.08
Interest on equity	08/31/2015	08/23/2016	R$0.13
Interest on equity	07/31/2015	08/23/2016	R$0.12
Dividend	05/25/2015	08/23/2016	R$0.17
Interest on equity	05/25/2015	08/23/2016	R$0.32
Dividend	04/09/2015	12/09/2015	R$0.02
Dividend	02/10/2015	12/09/2015	R$1.58
Dividend	02/10/2015	06/12/2015	R$0.71
Interest on equity	12/30/2014	06/12/2015	R$0.40
Interest on equity	11/28/2014	06/12/2015	R$0.39
Interest on equity	10/31/2014	06/12/2015	R$0.26
Interest on equity	09/30/2014	12/19/2014	R$0.21
Interest on equity	08/29/2014	12/19/2014	R$0.25
Interest on equity	07/31/2014	12/19/2014	R$0.25
Dividend	04/23/2014	05/27/2014	R$0.11
Dividend	03/10/2014	03/27/2014	R$0.87
Interest on equity	12/30/2013	02/14/2014	R$0.63
Interest on equity	10/31/2013	11/26/2013	R$0.45
Dividend	10/31/2013	11/26/2013	R$0.62
Interest on equity	09/30/2013	11/26/2013	R$0.18
Interest on equity	08/30/2013	11/26/2013	R$0.18
Dividend	04/16/2013	11/26/2013	R$1.25
Dividend	01/21/2013	02/18/2013	R$1.38
Dividend	11/23/2012	12/12/2012	R$0.94
Dividend	04/11/2012	—	R$1.63
Interest on equity	12/29/2011	—	R$0.51
Interest on equity	09/30/2011	—	R$1.04
Dividend	09/30/2011	—	R$0.32
Dividend	03/18/2011	—	R$3.14
Interest on equity	12/30/2010	—	R$0.37
Interest on equity	09/30/2010	—	R$0.72
Dividend	09/30/2010	—	R$0.36
Dividend	04/07/2010	—	R$1.48
Dividend	04/07/2010	—	R$0.84
Interest on equity	12/30/2009	—	R$0.38
Interest on equity	09/30/2009	—	R$0.74
Dividend	05/18/2009	—	R$0.87
Dividend	03/25/2009	—	R$0.73
Interest on equity	12/30/2008	—	R$0.77
Dividend	11/24/2008	—	R$2.02
Dividend	05/20/2008	—	R$0.90
Interest on equity	05/20/2008	—	R$0.37
Dividend	03/26/2008	—	R$0.65
Interest on equity	12/28/2007	—	R$0.39
Dividend	11/07/2007	—	R$2.93
Interest on equity	11/07/2007	—	R$0.39
Interest on equity	04/30/2007	—	R$0.41
Dividend	03/29/2007	—	R$1.31
Interest on equity	12/28/2006	—	R$0.22
Dividend	11/13/2006	—	R$2.19
Interest on equity	11/13/2006	—	R$0.69
Dividend	05/23/2006	—	R$2.17
Interest on equity	05/23/2006	—	R$0.54
Interest on equity	12/29/2005	—	R$0.72
Dividend	09/19/2005	—	R$2.46
Interest on equity	09/19/2005	—	R$0.46
Interest on equity	04/29/2005	—	R$0.68
Dividend	04/01/2005	—	R$2.85
Dividend	10/05/2004	—	R$3.03
Interest on equity	10/05/2004	—	R$1.13
Dividend	04/07/2004	—	R$1.17
Interest on equity	04/07/2004	—	R$0.56
Interest on equity	12/29/2003	—	R$2.09
Dividend	10/02/2003	—	R$3.43
Dividend	04/04/2003	—	R$1.70
Dividend	03/27/2003	—	R$0.09
Interest on equity	12/23/2002	—	R$1.19
Dividend	10/04/2002	—	R$0.69
Interest on equity	12/28/2001	—	R$2.15
Interest on equity	12/28/2000	—	R$1.66
Dividend	03/13/2000	—	R$0.14
Interest on equity	12/30/1999	—	R$2.19
Interest on equity	12/30/1998	—	R$0.79
Interest on equity	12/30/1998	—	R$0.68

Splits, reverse splits and bonus shares
Event	Last day to own	Ratio
Split	04/15/2025	2 for 1
Split	04/14/2025	80 for 1
Reverse split	04/14/2025	1 for 40
Reverse split	06/27/2005	1 for 1000

About Telefônica Brasil

Sector: Telecomunicações
Segment: Telecomunicações
Listing segment: Traditional
Tag along: 80.00%
Free float: 21.92%
Shares issued: 3.23B common
Average daily trading: R$164.5M
Ibovespa weight: 0.81%
Listed since: 09/21/1998
CNPJ: 02.558.157/0001-62

A Telefônica Brasil S.A., listada na B3 sob o ticker VIVT3, foi constituída em 1998 e atua no setor de telecomunicações no Brasil com a marca comercial Vivo. A companhia integra o grupo espanhol Telefónica e opera serviços de conectividade para consumidores e empresas. As operações incluem telefonia móvel, telefonia fixa, banda larga, transmissão de dados e serviços digitais associados. A empresa mantém rede de infraestrutura para oferta de serviços convergentes e monetização em diferentes segmentos de clientes. No ambiente competitivo, a Telefônica Brasil disputa mercado com outras operadoras nacionais em mobilidade, fibra e serviços corporativos. O desempenho é influenciado por competição de preços, investimento em rede e evolução regulatória do setor de telecom. A companhia possui atuação nacional e base de clientes de grande escala. Em termos operacionais, reporta dezenas de milhões de acessos e cerca de 34 mil empregados, com presença ampla em centros urbanos e expansão contínua da infraestrutura de telecomunicações.

Investor website

ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
Shareholder	Common	Preferred	Total
Telefónica S.A.Controlling	39.32%	0.00%	39.32%
Telefónica Latinoamérica Holding, S.L.Controlling	37.80%	0.00%	37.80%
Outros	21.92%	0.00%	21.92%
Ações Tesouraria	0.96%	0.00%	0.96%

Questions about VIVT3

How much is VIVT3 today?

VIVT3 is at R$29.68 (0.27% on the day), last traded on 10/01/2026.

How much did VIVT3 pay in dividends in 2025?

VIVT3 paid R$3.08 per share in 2025, a dividend yield of 9.29%.

When is the next VIVT3 dividend?

The next announced payment is R$0.16 per share on 04/30/2027.

What are the P/E and P/B of VIVT3?

VIVT3 trades at a P/E of 14.51 and a P/B of 1.46.

How much did VIVT3 return in 12 months?

VIVT3 returned -3.88% in 12 months, with annualized volatility of 30.17% and a largest drawdown of -26.84%.

What sector is VIVT3 in?

Telefônica Brasil is in the Telecomunicações sector, Telecomunicações segment.