--- title: "1Q26 Results: Telefônica Brasil S.A. | VIV Stock News" type: "News" locale: "en" url: "https://longbridge.com/en/news/285944067.md" description: "Telefônica Brasil S.A. (B3: VIVT3; NYSE: VIV) reported strong 1Q26 results, with net operating revenue of R$15.46 billion, a 7.4% YoY increase. EBITDA rose 8.9% YoY to R$6.21 billion, with a margin of 40.2%. Net income reached R$1.26 billion, up 19.2% YoY, marking the highest increase since 1Q24. The company announced a new R$1 billion share buyback program and plans to distribute at least 100% of FY2026 net income. Total subscribers increased to 117.37 million, reflecting growth in postpaid and fiber services." datetime: "2026-05-11T04:40:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285944067.md) - [en](https://longbridge.com/en/news/285944067.md) - [zh-HK](https://longbridge.com/zh-HK/news/285944067.md) --- # 1Q26 Results: Telefônica Brasil S.A. | VIV Stock News Telefônica Brasil - (B3: VIVT3; NYSE: VIV) announces its results for 1Q26. , /PRNewswire/ -- **The Company delivered strong growth, supported by solid Revenue and EBITDA performance, while posting its highest YoY increase in Net Income since 1Q24.** **_R$ million_** **1Q26** **1Q25** **% YoY** **Net Operating Revenue** **15,457** **14,390** **7.4** Mobile Services 9,881 9,272 6.6 FTTH 2,076 1,899 9.3 Corporate Data, ICT and Digital Services 1,423 1,312 8.5 Handsets and Electronics 1,152 909 26.6 Other Revenues¹ 926 999 (7.3) **Total Costs** **(9,248)** **(8,687)** **6.5** **EBITDA** **6,209** **5,704** **8.9** _EBITDA Margin_ _40.2 %_ _39.6 %_ _0.5 p.p._ **EBITDA AL²** **4,800** **4,376** **9.7** _EBITDA AL² Margin_ _31.1 %_ _30.4 %_ _0.6 p.p._ **Net Income³** **1,261** **1,058** **19.2** **Earnings per Share (EPS)4** **0.39** **0.33** **21.0** **CAPEX ex-IFRS 165** **2,048** **1,869** **9.6** _CAPEX ex-IFRS 165/Net Revenue_ _13.2 %_ _13.0 %_ _0.3 p.p._ **Operating Cash Flow (OpCF)6** **4,162** **3,835** **8.5** _OpCF6 Margin_ _26.9 %_ _26.7 %_ _0.3 p.p._ **Operating Cash Flow AL (OpCF AL)7** **2,752** **2,508** **9.7** _OpCF AL7 Margin_ _17.8 %_ _17.4 %_ _0.4 p.p._ **Free Cash Flow** **2,200** **2,124** **3.6** **Total Subscribers (Thousand)** **117,367** **116,127** **1.1** _1 – Other Revenues include Fixed Voice, xDSL, FTTC and IPTV. 2 – AL means After Leases. 3 - Net Income attributable to Telefônica Brasil. 4 - Earnings per Share (EPS) calculated based on net income attributable to Telefônica Brasil divided by the weighted average of outstanding shares in the period. EPS for 2025 was calculated considering the effects of the Split and Reverse Stock Split effective on April 15, 2025. 5 – Does not include amounts related to IFRS 16 effects and licenses. 6 – Operating Cash Flow is equivalent to EBITDA less Capex ex-IFRS 16 and licenses. 7 – AL Operating Cash Flow is equivalent to EBITDA After Leases less Capex ex-IFRS 16 and licenses._ **Net revenue amounted to R$15,457.0 million,** an increase of +7.4% YoY, driven by postpaid (+7.8% YoY) and FTTH (+9.3% YoY). In Postpaid, our strategy remains successful as we continue to grow our total postpaid customer base (+6.9% YoY), ending the quarter with 72.1 million accesses. Postpaid ARPU (excluding M2M and dongles) increased +0.8% YoY to R$52.6, reflecting an improved customer mix and service revenue dynamics. Fixed Revenues grew by +5.1% YoY, reflecting the consistent growth of FTTH (+9.3% YoY) and Corporate Data, ICT and Digital Services (+8.5% YoY) revenues. **In Fiber, we continue to grow both our footprint and penetration:** in 1Q26, we reached **31.5 million homes passed (+6.2% YoY)** and **8.0 million homes connected (+11.5% YoY),** resulting in a +1.2 p.p. increase in take-up. Combined with this significant expansion, **ARPU increased +0.8% QoQ,** while churn remained at 1.5% for the quarter. **EBITDA** recorded an increase of +8.9% YoY in 1Q26, **totaling R$6,209.3 million,** with a margin of 40.2%, +0.5 p.p. YoY, while EBITDA AL expanded +9.7% YoY, with a margin of 31.1%, +0.6 p.p. YoY. In this quarter, **Capex totaled R$2,047.5 million,** an increase of +9.6% YoY, representing 13.2% of revenues, +0.3 p.p. YoY, in line with 1Q25 and below our 2025 average, as we continue to pursue optimal Capex allocation. We continued to expand our 5G network, now live in 905 municipalities and covering 71% of the Brazilian population along with fiber expansion, reaching 453 cities. **Operating Cash Flow summed R$4,161.8 million,** +8.5% YoY, resulting in a margin of 26.9% (+0.3 p.p. YoY). **Net income** for the period hit R$1,261.1 million, **rising +19.2% YoY, the highest increase since 1Q24.** **Shareholder remuneration totaled R$6,990.0 million in the period committed for distribution, already surpassing FY2025 by +9.6%,** of which R$2,990.0 million related to interest on equity declared in 2025 and R$4,000.0 million related to capital reduction, **with an additional R$890.0 million interest on equity declared YTD.** This year, the Board of Directors approved a new Share Buyback Program in the amount of up to R$1.0 billion, to be repurchased until February 2027. **We reaffirm our commitment to distribute at least 100% of FY2026 net income.** **TELEFÔNICA BRASIL – Investor Relations **ir.br@telefonica.com To download the complete version of the Company's earnings release, please visit our website: https://ri.telefonica.com.br/en SOURCE Telefônica Brasil S.A. ### Related Stocks - [VIV.US](https://longbridge.com/en/quote/VIV.US.md) ## Related News & Research - [Vivendi: the 2026 Annual General Shareholdersâ Meeting Approves All Resolutions](https://longbridge.com/en/news/283520652.md) - [Nagarro presents Q1 2026 numbers, posts 6.5% YoY revenue growth in constant currency | NGRRF Stock News](https://longbridge.com/en/news/286523793.md) - [Sigma Lithium Announces Record Results for 1Q26: 39% EBITDA Margin; 26% Profitability; 21% of Total Debt Repaid | SGML Stock News](https://longbridge.com/en/news/286560211.md) - [Tourist arrivals up 10% year on year in April, driven by Hong Kong Sevens](https://longbridge.com/en/news/286512798.md) - [Opendoor's faster model boosts margins despite high rates](https://longbridge.com/en/news/286504162.md)