Swisscom stock holds firm as Vodafone Italia synergy builds

Swisscom stock (CH0008742519) is supported by CHF 11.12 billion in 2024 group revenue, CHF 4.54 billion in EBITDA, and a market value of about CHF 28.0 billion as of August 12, 2026.

The latest investor updates point to a merger-driven earnings lift, with the Vodafone Italia combination adding scale and better cash generation to the Swiss core.

Integration gains matter

According to an ad hoc news report, Swisscom's 2024 revenue rose from CHF 10.24 billion in 2023 to CHF 11.12 billion in 2024, while EBITDA increased from CHF 4.40 billion to CHF 4.54 billion. Net income attributable to shareholders also improved, climbing to CHF 1.80 billion from CHF 1.63 billion a year earlier.

The same report says the merged Italian operation is on track for around EUR 300 million in cost synergies by the end of 2026, with about EUR 166 million already realized in the first half. That gives investors a concrete yardstick for how much of the integration story has already been captured.

Cash flow and payout

Swisscom's free cash flow before spectrum payments reached roughly CHF 2.20 billion in 2024, up from about CHF 2.10 billion in 2023. The dividend stayed at CHF 22.00 per share for 2024, matching the CHF 22.00 paid for 2023.

That mix of CHF 2.20 billion in free cash flow and a CHF 22.00 dividend shows how the enlarged group is balancing investment needs with shareholder returns.

Blue broadband stays central

Swisscom's blue-branded broadband offer remains one of the company's core consumer products in Switzerland, and the domestic segment generated about CHF 8.40 billion in revenue in 2024. The same set of disclosures puts Swiss broadband connections above 2.0 million, which underlines the scale of the home-market franchise.

Market picture

Swisscom shares trade on the SIX Swiss Exchange under SCMN and belong to the Swiss Market Index. The market capitalization of about CHF 28.0 billion, as of August 12, 2026, puts the stock in the upper tier of Swiss large caps.