O 
Orange ORA.PA · EUR
Communication Services · Diversified Telecommunication Services · Euronext Paris · 🇫🇷 France
15.17
+0.40%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue
€40.40bn
FY2016FY2025
Net income
€538.0m
FY2016FY2025
Free cash flow
€3.46bn
FY2016FY2025
Shareholders' equity
€25.24bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €40.40bn | €40.26bn | €44.12bn | €43.47bn | €42.52bn | €42.27bn | €42.24bn | €41.38bn | €40.86bn | €40.71bn |
| Operating income | €3.29bn | €5.12bn | €4.97bn | €4.80bn | €2.52bn | €5.52bn | €5.93bn | €4.83bn | €4.78bn | €3.92bn |
| Net income | €538.0m | €2.35bn | €2.44bn | €2.15bn | €233.0m | €4.82bn | €3.00bn | €1.95bn | €1.84bn | €2.81bn |
| Diluted earnings per share | 0.15 | 0.99 | 0.92 | 0.78 | 0.09 | 1.80 | 1.13 | 0.96 | 0.69 | 1.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €110.80bn | €103.87bn | €110.05bn | €113.17bn | €111.32bn | €110.92bn | €110.11bn | €96.59bn | €95.35bn | €95.41bn |
| Cash and short-term investments | €15.21bn | €12.21bn | €8.32bn | €10.50bn | €10.89bn | €11.35bn | €6.48bn | €11.60bn | €11.80bn | €11.37bn |
| Total liabilities | €82.15bn | €68.71bn | €74.95bn | €83.17bn | €81.46bn | €79.52bn | €81.50bn | €63.34bn | €61.84bn | €61.57bn |
| Debt | €7.40bn | €43.01bn | €47.63bn | €48.08bn | €46.57bn | €45.76bn | €48.28bn | €38.49bn | €37.26bn | €37.24bn |
| Shareholders' equity | €25.24bn | €31.77bn | €31.82bn | €26.83bn | €26.84bn | €28.75bn | €25.92bn | €30.67bn | €30.98bn | €31.24bn |
| Shares outstanding | 3,654m | 2,377m | 2,661m | 2,734m | 2,659m | 2,676m | 2,652m | 2,029m | 2,660m | 2,529m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €10.78bn | €10.20bn | €12.05bn | €11.23bn | €11.24bn | €12.70bn | €10.19bn | €9.51bn | €10.17bn | €8.75bn |
| Capital spending | −€7.32bn | −€6.71bn | −€7.83bn | −€8.78bn | −€8.75bn | −€8.55bn | −€8.42bn | −€7.64bn | −€7.53bn | −€8.49bn |
| Free cash flow | €3.46bn | €3.48bn | €4.22bn | €2.46bn | €2.49bn | €4.15bn | €1.77bn | €1.86bn | €2.65bn | €258.0m |
| Dividends paid | −€1.99bn | −€1.92bn | −€1.86bn | −€2.07bn | −€2.37bn | −€1.88bn | −€2.13bn | −€1.86bn | −€1.73bn | −€1.60bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Jun 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €20.95bn | €10.10bn | €20.54bn | €19.85bn | €21.76bn | €20.42bn | €19.84bn | €22.58bn |
| Operating income | €2.10bn | — | €2.74bn | €551.0m | €2.09bn | €3.08bn | €2.03bn | €2.83bn |
| Net income | €3.21bn | — | €936.0m | −€398.0m | €410.0m | €1.53bn | €824.0m | €1.56bn |
| Diluted earnings per share | 1.09 | — | 0.26 | -0.11 | 0.11 | 0.64 | 0.35 | 0.59 |
| Cash from operations | €6.28bn | — | €6.07bn | €4.71bn | — | €5.48bn | €4.72bn | €6.32bn |
| Capital spending | −€3.53bn | — | −€3.78bn | −€3.54bn | — | −€3.50bn | −€3.21bn | −€4.14bn |
| Free cash flow | €2.75bn | — | €2.29bn | €1.17bn | — | €1.98bn | €1.50bn | €2.18bn |
| Total assets | €126.40bn | — | €110.80bn | €101.62bn | — | €103.87bn | €104.42bn | €113.73bn |
| Cash and short-term investments | €11.43bn | — | €15.21bn | €10.58bn | — | €12.21bn | €11.55bn | €8.30bn |
| Debt | €6.99bn | — | €7.40bn | €8.24bn | — | €47.40bn | €42.20bn | €49.62bn |
| Shareholders' equity | €31.82bn | — | €25.24bn | €29.42bn | — | €31.77bn | €31.40bn | €26.88bn |
Financial ratios
Data as of 18 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2004 | FY2003 | FY2002 | FY2001 | FY2000 | FY1999 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 8.1% | 12.7% | 11.3% | 11.0% | 5.9% | 13.1% | — | — | — | — | — | — |
| Net margin | 1.3% | 5.8% | 5.5% | 4.9% | 0.5% | 11.4% | — | — | — | — | — | — |
| Return on equity | 2.1% | 7.4% | 7.7% | 8.0% | 0.9% | 16.8% | — | — | — | — | — | — |
| Return on assets | 0.5% | 2.3% | 2.2% | 1.9% | 0.2% | 4.3% | — | — | — | — | — | — |
| Free cash flow yield | 32.7% | 46.9% | 49.3% | 48.3% | 49.6% | 52.4% | — | — | — | — | — | — |
| Revenue growth | 0.3% | -8.8% | 1.5% | 2.2% | 0.6% | 0.1% | — | — | — | — | — | — |
| Earnings growth | -77.1% | -3.7% | 13.7% | 821.0% | -95.2% | 60.5% | — | — | — | — | — | — |
| Current ratio | 1.10x | 0.92x | 0.83x | 0.91x | 0.94x | 0.88x | — | — | — | — | — | — |
| Debt to equity | 0.29x | 0.23x | 0.05x | 1.46x | 1.41x | 1.31x | — | — | — | — | — | — |
| Equity ratio | 22.8% | 30.6% | 28.9% | 23.7% | 24.1% | 25.9% | — | — | — | — | — | — |
| Interest coverage | 2.45x | 3.90x | 3.49x | 4.10x | 2.21x | 4.34x | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 1.2% | 1.0% | 1.2% | 1.3% | 1.3% | 2.2% |
| Buybacks as a share of market value | -53.8% | 10.7% | 2.7% | -2.8% | 0.6% | -0.9% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.4% | -0.9% | 0.0% |
| Operating income | -11.9% | -9.9% | -3.6% |
| Net income | -36.9% | -35.5% | -14.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 10.4% | 10.8% | 10.4% | 11.0% |
| Net margin | 3.6% | 4.4% | 5.0% | 5.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 96.5 | 9.7 | 11.2 | 11.8 | 107.4 | 5.4 | 11.6 | 14.7 | 20.9 | 13.0 |
| Price to sales | 1.3 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.8 | 0.7 | 0.9 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 22 years. Last went ex-dividend on 11 Jun 2026.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.75 | 0.75 | 1.12 | 0.30 | 1.41 | 1.10 | 0.70 | 0.70 |
- 1-to-1 reverse split · 3 Oct 2003
- 1-to-1 reverse split · 6 Oct 1999
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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