Vodafone Group PLC (VOD) — Cash Flow Reinvestment Rate
Vodafone Group PLC (VOD) has a Cash Flow Reinvestment Rate of 0.28x as of March 2026, reinvesting GBX2.45 Billion (capex GBX2.45 Billion ) from operating cash flow of GBX8.88 Billion. See how much free cash does Vodafone Group PLC generate to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Vodafone Group PLC Cash Flow Reinvestment Rate (1991–2026)
Historical reinvestment intensity for Vodafone Group PLC across 36 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Vodafone Group PLC.
Annual Cash Flow Reinvestment Rate for Vodafone Group PLC (1991–2026)
Year-by-year capital reinvestment analysis for Vodafone Group PLC. See VOD financial flexibility index to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (GBX) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2026 | 0.56x | GBX7.37 Billion | GBX13.27 Billion | GBX4.82 Billion | ▼ -25.5% |
| 2025 | 0.75x | GBX11.46 Billion | GBX15.37 Billion | GBX6.70 Billion | ▼ -4.9% |
| 2024 | 0.78x | GBX12.98 Billion | GBX16.56 Billion | GBX6.86 Billion | ▲ +47.6% |
| 2023 | 0.53x | GBX9.59 Billion | GBX18.05 Billion | GBX9.21 Billion | ▼ -7.0% |
| 2022 | 0.57x | GBX10.33 Billion | GBX18.08 Billion | GBX9.06 Billion | ▼ -4.1% |
| 2021 | 0.60x | GBX10.26 Billion | GBX17.21 Billion | GBX8.64 Billion | ▼ -14.7% |
| 2020 | 0.70x | GBX12.14 Billion | GBX17.38 Billion | GBX7.61 Billion | ▲ +41.4% |
| 2019 | 0.49x | GBX6.41 Billion | GBX12.98 Billion | GBX5.05 Billion | ▼ -10.2% |
| 2018 | 0.55x | GBX7.49 Billion | GBX13.60 Billion | GBX4.92 Billion | ▼ -4.1% |
| 2017 | 0.57x | GBX8.17 Billion | GBX14.22 Billion | GBX6.29 Billion | ▼ -54.6% |
| 2016 | 1.26x | GBX16.81 Billion | GBX13.29 Billion | GBX15.03 Billion | ▲ +30.1% |
| 2015 | 0.97x | GBX12.92 Billion | GBX13.28 Billion | GBX12.15 Billion | ▼ -82.3% |
| 2014 | 5.51x | GBX41.49 Billion | GBX7.53 Billion | GBX5.32 Billion | ▲ +577.0% |
| 2013 | 0.81x | GBX10.32 Billion | GBX12.69 Billion | GBX10.32 Billion | ▲ +40.9% |
| 2012 | 0.58x | GBX7.14 Billion | GBX12.36 Billion | GBX7.14 Billion | ▼ -19.8% |
| 2011 | 0.72x | GBX9.83 Billion | GBX13.65 Billion | GBX9.83 Billion | ▲ +34.9% |
| 2010 | 0.53x | GBX7.83 Billion | GBX14.67 Billion | GBX7.83 Billion | ▼ -16.9% |
| 2009 | 0.64x | GBX7.52 Billion | GBX11.72 Billion | GBX7.52 Billion | ▲ +35.0% |
| 2008 | 0.48x | GBX5.90 Billion | GBX12.41 Billion | GBX5.90 Billion | ▲ +6.3% |
| 2007 | 0.45x | GBX6.68 Billion | GBX14.92 Billion | GBX6.68 Billion | ▼ -3.7% |
| 2006 | 0.47x | GBX7.41 Billion | GBX15.95 Billion | GBX7.41 Billion | ▲ +13.5% |
| 2005 | 0.41x | GBX7.26 Billion | GBX17.71 Billion | GBX7.26 Billion | ▲ +16.5% |
| 2004 | 0.35x | GBX6.78 Billion | GBX19.29 Billion | GBX6.78 Billion | ▼ -31.9% |
| 2003 | 0.52x | GBX7.81 Billion | GBX15.12 Billion | GBX7.81 Billion | ▲ +1.0% |
| 2002 | 0.51x | GBX6.78 Billion | GBX13.25 Billion | GBX6.78 Billion | ▼ -92.3% |
| 2001 | 6.65x | GBX27.28 Billion | GBX4.10 Billion | GBX27.28 Billion | ▲ +486.9% |
| 2000 | 1.13x | GBX3.39 Billion | GBX2.99 Billion | GBX3.39 Billion | ▼ -3.1% |
| 1999 | 1.17x | GBX1.13 Billion | GBX965.37 Million | GBX1.13 Billion | ▲ +26.5% |
| 1998 | 0.92x | GBX801.93 Million | GBX867.93 Million | GBX801.93 Million | ▼ -4.9% |
| 1997 | 0.97x | GBX495.85 Million | GBX510.11 Million | GBX495.85 Million | ▲ +8.4% |
| 1996 | 0.90x | GBX431.81 Million | GBX481.38 Million | GBX431.81 Million | ▼ -0.6% |
| 1995 | 0.90x | GBX229.32 Million | GBX254.21 Million | GBX229.32 Million | ▲ +33.0% |
| 1994 | 0.68x | GBX209.39 Million | GBX308.74 Million | GBX209.39 Million | ▲ +28.2% |
| 1993 | 0.53x | GBX174.55 Million | GBX330.05 Million | GBX174.55 Million | ▲ +26.8% |
| 1992 | 0.42x | GBX86.30 Million | GBX206.93 Million | GBX86.30 Million | ▼ -62.8% |
| 1991 | 1.12x | GBX214.87 Million | GBX191.61 Million | GBX214.87 Million | — |