T 
Telecom Italia SpA TIT.MI · EUR
Communication Services · Diversified Telecommunication Services · Borsa Italiana · 🇮🇹 Italy
5.74
+0.70%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue
€13.73bn
FY2016FY2025
Net income
€297.0m
FY2016FY2025
Free cash flow
€37.0m
FY2016FY2025
Shareholders' equity
€12.22bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €13.73bn | €13.65bn | €16.30bn | €15.79bn | €15.32bn | €15.80bn | €17.97bn | €18.94bn | €19.83bn | €19.02bn |
| Research and development | — | — | €1.06bn | €955.0m | €1.07bn | €1.12bn | €1.17bn | €1.21bn | €626.0m | €639.0m |
| Operating income | €890.0m | €1.97bn | €1.10bn | €1.10bn | €1.37bn | €2.10bn | €3.17bn | €561.0m | €3.29bn | €3.72bn |
| Net income | €297.0m | −€610.0m | −€1.44bn | −€2.65bn | −€8.40bn | €7.22bn | €1.23bn | −€1.41bn | €1.12bn | €1.81bn |
| Diluted earnings per share | 0.01 | -0.03 | -0.07 | -0.12 | -0.40 | 0.34 | 0.06 | -0.07 | 0.05 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €36.73bn | €37.66bn | €62.16bn | €62.03bn | €69.19bn | €73.23bn | €70.10bn | €65.62bn | €68.78bn | €70.45bn |
| Cash and short-term investments | — | — | €4.97bn | €5.00bn | €9.15bn | €5.92bn | €4.01bn | €3.38bn | €4.57bn | €5.48bn |
| Total liabilities | €23.28bn | €24.30bn | €44.37bn | €43.30bn | €47.15bn | €44.39bn | €47.48bn | €43.87bn | €44.99bn | €46.89bn |
| Debt | €7.55bn | €15.28bn | €32.10bn | €31.69bn | €32.65bn | €30.26bn | €32.28bn | €29.21bn | €30.87bn | €32.56bn |
| Shareholders' equity | €12.22bn | €11.96bn | €13.65bn | €15.06bn | €17.41bn | €26.21bn | €20.28bn | €19.53bn | €21.56bn | €21.21bn |
| Shares outstanding | 21,268m | 21,261m | 21,241m | 21,241m | 21,203m | 21,196m | 21,067m | 21,067m | 21,067m | 19,364m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €2.54bn | €3.18bn | €3.94bn | €4.89bn | €4.34bn | €6.55bn | €5.93bn | €4.59bn | €5.40bn | €5.71bn |
| Capital spending | −€2.50bn | −€2.75bn | −€3.97bn | −€6.30bn | −€4.01bn | −€4.70bn | −€3.65bn | −€4.53bn | −€5.31bn | −€4.66bn |
| Free cash flow | €37.0m | €427.0m | −€25.0m | −€1.41bn | €323.0m | €1.85bn | €2.29bn | €61.0m | €85.0m | €1.05bn |
| Dividends paid | −€273.0m | −€159.0m | −€189.0m | −€68.0m | −€368.0m | −€390.0m | −€279.0m | −€256.0m | −€235.0m | −€227.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €3.51bn | €3.32bn | €3.76bn | €3.38bn | €3.32bn | €3.28bn | €3.81bn | €3.57bn |
| Operating income | €625.0m | −€52.0m | €183.0m | €412.0m | €441.0m | €164.0m | €735.0m | €94.0m |
| Net income | €88.0m | −€292.0m | €406.0m | €23.0m | −€8.0m | −€124.0m | −€101.0m | €137.0m |
| Diluted earnings per share | 0.04 | -0.04 | 0.05 | 0.00 | -0.00 | -0.02 | -0.00 | 0.01 |
| Cash from operations | €1.68bn | €204.0m | €1.10bn | — | €625.0m | €331.0m | €965.0m | €419.0m |
| Capital spending | −€582.0m | −€925.0m | −€816.0m | — | −€553.0m | −€597.0m | −€1.00bn | −€472.0m |
| Free cash flow | €1.09bn | −€721.0m | €286.0m | — | €72.0m | −€266.0m | −€39.0m | −€53.0m |
| Total assets | €35.88bn | €37.47bn | €36.73bn | — | €36.45bn | €37.95bn | €37.66bn | €37.86bn |
| Debt | €8.31bn | €8.82bn | €7.55bn | — | €6.72bn | €8.22bn | €8.23bn | €9.48bn |
| Shareholders' equity | €11.52bn | €12.12bn | €12.22bn | — | €11.86bn | €11.97bn | €11.96bn | €12.25bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.5% | -2.8% | -3.6% |
| Operating income | -6.8% | -15.8% | -11.3% |
| Net income | — | -47.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 10.4% | 8.5% | 9.4% | 11.9% |
| Net margin | -1.1% | -7.4% | -6.2% | -1.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 367.9 | -86.0 | -43.4 | -17.3 | -11.0 | 11.1 | 95.6 | -72.2 | 135.4 | 89.7 |
| Price to sales | 8.0 | 3.8 | 3.8 | 2.9 | 6.0 | 5.1 | 6.5 | 5.4 | 7.7 | 8.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 21 Jun 2021.
| FY2021 | FY2020 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.10 | 0.20 | 0.43 | 0.58 | 0.50 | 0.50 | 0.80 |
- 1-to-0.4716 reverse split · 4 Aug 2003
- 1.092-for-1 split · 5 Nov 2001
- 1.01-for-1 split · 19 Feb 2001
- 1-to-1 reverse split · 24 Jul 2000
- 1.14-for-1 split · 19 Jan 1998
- 25-to-16 reverse split · 21 Jul 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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