TELUS Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	20,346	20,139	20,005	18,292	16,838
Revenue Growth (YoY)	1.03%	0.67%	9.37%	8.63%	9.76%
Cost of Revenue	7,706	7,639	7,537	7,107	6,699
Gross Profit	12,640	12,500	12,468	11,185	10,139
Selling, General & Admin	5,878	5,907	6,148	4,899	4,269
Depreciation & Amortization Expenses	4,059	4,036	4,069	3,452	3,216
Other Operating Expenses	500	-	-	-	-
Total Operating Expenses	10,437	9,943	10,217	8,351	7,485
Operating Income	2,363	2,804	2,362	2,954	3,074
Interest Expense	-1,161	-1,576	-1,273	-632	-796
Other Non-Operating Income (Expense)	-160	-247	-111	-120	-420
Total Non-Operating Income (Expense)	-1,321	-1,823	-1,384	-752	-1,216
Pretax Income	1,202	1,228	1,089	2,322	2,278
Provision for Income Taxes	425	290	222	604	580
Net Income	1,113	993	841	1,615	1,655
Minority Interest in Earnings	-336	-55	26	103	43
Net Income to Common	1,113	993	841	1,615	1,655
Net Income Growth	12.08%	18.07%	-47.93%	-2.42%	37.12%
Shares Outstanding (Basic)	1,531	1,488	1,451	1,396	1,346
Shares Outstanding (Diluted)	1,535	1,493	1,457	1,403	1,351
Shares Change (YoY)	2.81%	2.47%	3.85%	3.85%	5.71%
EPS (Basic)	0.73	0.67	0.58	1.16	1.23
EPS (Diluted)	0.72	0.67	0.58	1.15	1.22
EPS Growth	7.46%	15.52%	-49.56%	-5.74%	29.79%
Shares Outstanding	1,549	1,504	1,468	1,431	1,370
Free Cash Flow	2,351	2,097	1,317	1,164	1,291
Free Cash Flow Growth	12.11%	59.23%	13.14%	-9.84%	-26.31%
Free Cash Flow Per Share	1.53	1.40	0.90	0.83	0.96
Dividends Per Share	1.653	1.557	1.454	1.356	1.271
Dividend Growth	6.21%	7.03%	7.28%	6.66%	7.26%
Gross Margin	62.13%	62.07%	62.32%	61.15%	60.21%
Operating Margin	11.61%	13.92%	11.81%	16.15%	18.26%
Profit Margin	3.82%	4.66%	4.33%	9.39%	10.08%
FCF Margin	11.56%	10.41%	6.58%	6.36%	7.67%
EBITDA	6,422	6,840	6,431	6,406	6,290
EBITDA Margin	31.56%	33.96%	32.15%	35.02%	37.36%
EBIT	2,363	2,804	2,362	2,954	3,074
EBIT Margin	11.61%	13.92%	11.81%	16.15%	18.26%
Effective Tax Rate	35.36%	23.62%	20.39%	26.01%	25.46%

Updated Feb 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q