TELUS Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	20,317	20,346	20,139	20,005	18,292	16,838
Revenue Growth (YoY)	0.13%	1.03%	0.67%	9.37%	8.63%	9.76%
Cost of Revenue	7,715	7,706	7,639	7,537	7,107	6,699
Gross Profit	12,602	12,640	12,500	12,468	11,185	10,139
Selling, General & Admin	6,047	5,878	5,907	6,148	4,899	4,269
Depreciation & Amortization Expenses	4,055	4,059	4,036	4,069	3,452	3,216
Other Operating Expenses	355	340	-247	-111	-120	-420
Total Operating Expenses	10,457	10,277	9,696	10,106	8,231	7,065
Operating Income	2,145	2,363	2,804	2,362	2,954	3,074
Interest Expense	-1,152	-1,161	-1,576	-1,273	-632	-796
Total Non-Operating Income (Expense)	-1,152	-1,161	-1,576	-1,273	-632	-796
Pretax Income	993	1,202	1,228	1,089	2,322	2,278
Provision for Income Taxes	373	425	290	222	604	580
Net Income	928	1,113	993	841	1,615	1,655
Minority Interest in Earnings	-308	-336	-55	26	103	43
Net Income to Common	928	1,113	993	841	1,615	1,655
Net Income Growth	-21.82%	12.08%	18.07%	-47.93%	-2.42%	37.12%
Shares Outstanding (Basic)	1,543	1,531	1,488	1,451	1,396	1,346
Shares Outstanding (Diluted)	1,546	1,535	1,493	1,457	1,403	1,351
Shares Change (YoY)	2.91%	2.81%	2.47%	3.85%	3.85%	5.71%
EPS (Basic)	0.60	0.73	0.67	0.58	1.16	1.23
EPS (Diluted)	0.59	0.72	0.67	0.58	1.15	1.22
EPS Growth	-24.74%	7.46%	15.52%	-49.56%	-5.74%	29.79%
Shares Outstanding	1,561	1,549	1,504	1,468	1,431	1,370
Free Cash Flow	2,221	2,351	2,097	1,317	1,164	1,291
Free Cash Flow Growth	-5.53%	12.11%	59.23%	13.14%	-9.84%	-26.31%
Free Cash Flow Per Share	1.44	1.53	1.40	0.90	0.83	0.96
Dividends Per Share	1.669	1.653	1.557	1.454	1.356	1.271
Dividend Growth	0.97%	6.21%	7.03%	7.28%	6.66%	7.26%
Gross Margin	62.03%	62.13%	62.07%	62.32%	61.15%	60.21%
Operating Margin	10.56%	11.61%	13.92%	11.81%	16.15%	18.26%
Profit Margin	3.05%	3.82%	4.66%	4.33%	9.39%	10.08%
FCF Margin	10.93%	11.56%	10.41%	6.58%	6.36%	7.67%
EBITDA	6,200	6,422	6,840	6,431	6,406	6,290
EBITDA Margin	30.52%	31.56%	33.96%	32.15%	35.02%	37.36%
EBIT	2,145	2,363	2,804	2,362	2,954	3,074
EBIT Margin	10.56%	11.61%	13.92%	11.81%	16.15%	18.26%
Effective Tax Rate	37.56%	35.36%	23.62%	20.39%	26.01%	25.46%

Updated May 8, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q