TELUS Corporation (TU)

TELUS Income Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	20,291	20,139	20,005	18,292	16,838	15,341
Revenue Growth (YoY)	1.73%	0.67%	9.37%	8.63%	9.76%	5.16%
Cost of Revenue	13,203	13,062	12,974	11,774	10,808	9,726
Gross Profit	7,088	7,077	7,031	6,518	6,030	5,615
Other Operating Expenses	-16	-13	-18	-11	-4	-4
Operating Expenses	3,935	3,944	4,015	3,432	3,205	2,985
Operating Income	3,153	3,133	3,016	3,086	2,825	2,630
Interest Expense	-2,581	-2,581	-2,401	-859	-779	-730
Interest & Investment Income	31	39	29	21	20	11
Earnings From Equity Investments	-18	-18	-26	-7	-10	-29
Currency Exchange Gain (Loss)	27	36	-3	25	3	-14
Other Non Operating Income (Expenses)	1,003	963	1,141	193	-	-
EBT Excluding Unusual Items	1,615	1,572	1,756	2,459	2,059	1,868
Merger & Restructuring Charges	-381	-572	-754	-208	-141	-209
Gain (Loss) on Sale of Investments	131	104	19	34	4	17
Gain (Loss) on Sale of Assets	-	-	-	-	410	-
Asset Writedown	-	-	-	-	-7	-23
Other Unusual Items	90	124	68	37	-47	58
Pretax Income	1,455	1,228	1,089	2,322	2,278	1,711
Income Tax Expense	356	290	222	604	580	451
Earnings From Continuing Operations	1,099	938	867	1,718	1,698	1,260
Minority Interest in Earnings	88	55	-26	-103	-43	-53
Net Income	1,187	993	841	1,615	1,655	1,207
Net Income to Common	1,187	993	841	1,615	1,655	1,207
Net Income Growth	58.06%	18.07%	-47.93%	-2.42%	37.12%	-30.87%
Shares Outstanding (Basic)	1,498	1,488	1,451	1,396	1,346	1,275
Shares Outstanding (Diluted)	1,503	1,493	1,457	1,403	1,351	1,278
Shares Change (YoY)	2.46%	2.47%	3.85%	3.85%	5.71%	6.15%
EPS (Basic)	0.79	0.67	0.58	1.16	1.23	0.95
EPS (Diluted)	0.79	0.67	0.58	1.15	1.22	0.94
EPS Growth	53.44%	15.14%	-49.60%	-5.74%	29.79%	-35.17%
Free Cash Flow	2,382	2,097	1,317	1,164	1,291	1,752
Free Cash Flow Per Share	1.58	1.41	0.90	0.83	0.96	1.37
Dividend Per Share	1.583	1.557	1.454	1.356	1.271	1.185
Dividend Growth	6.99%	7.03%	7.28%	6.66%	7.26%	5.21%
Gross Margin	34.93%	35.14%	35.15%	35.63%	35.81%	36.60%
Operating Margin	15.54%	15.56%	15.08%	16.87%	16.78%	17.14%
Profit Margin	5.85%	4.93%	4.20%	8.83%	9.83%	7.87%
Free Cash Flow Margin	11.74%	10.41%	6.58%	6.36%	7.67%	11.42%
EBITDA	5,300	5,675	5,621	5,406	4,993	4,696
EBITDA Margin	26.12%	28.18%	28.10%	29.55%	29.65%	30.61%
D&A For EBITDA	2,147	2,542	2,605	2,320	2,168	2,066
EBIT	3,153	3,133	3,016	3,086	2,825	2,630
EBIT Margin	15.54%	15.56%	15.08%	16.87%	16.78%	17.14%
Effective Tax Rate	24.47%	23.62%	20.39%	26.01%	25.46%	26.36%
Revenue as Reported	20,511	20,386	20,116	18,412	17,258	15,463

Updated May 9, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q