Telus (TU) financial statements

Communication Services · Telecom Services · Market cap $12.1B

Telus reported revenue of 20.5B CAD in fiscal 2025, up 4.5% a year over 8 years.

Net income was 1.1B CAD.

Free cash flow was 1.1B CAD, and the company returned 1.6B CAD in dividends and 40M CAD in net buybacks.

The diluted share count rose 29% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (CAD).

01020302018201820192019202020212022202320242025RevenueFree cash flow
Embed this chart

Free to use in articles and newsletters with the source line. Paste this HTML:

Income statement

Fiscal years, in CAD, from Telus's 10-K filings with the SEC.

Fiscal year2018201820192019202020212022202320242025
Revenue—14.4B CAD—14.7B CAD15.5B CAD17.3B CAD18.4B CAD20.1B CAD20.4B CAD20.5B CAD
Cost of revenue—2.1B CAD—2.1B CAD2.0B CAD2.2B CAD2.3B CAD2.4B CAD2.5B CAD2.4B CAD
Gross profit—12.3B CAD—12.6B CAD13.5B CAD15.1B CAD16.1B CAD17.7B CAD17.9B CAD18.1B CAD
Operating income—2.8B CAD—3.0B CAD2.5B CAD3.1B CAD3.0B CAD2.4B CAD2.8B CAD2.4B CAD
Interest expense—670M CAD—740M CAD778M CAD812M CAD649M CAD1.3B CAD1.6B CAD1.2B CAD
Pre-tax income—2.2B CAD—2.2B CAD1.7B CAD2.3B CAD2.3B CAD1.1B CAD1.2B CAD1.2B CAD
Income tax—552M CAD—468M CAD451M CAD580M CAD604M CAD222M CAD290M CAD425M CAD
Net income1.6B CAD1.6B CAD1.7B CAD1.7B CAD1.2B CAD1.7B CAD1.6B CAD841M CAD993M CAD1.1B CAD
EPS (diluted)—1.34 CAD—1.45 CAD0.94 CAD1.22 CAD1.15 CAD0.58 CAD0.67 CAD0.72 CAD
Diluted shares—1.19B—1.20B1.28B1.35B1.40B1.46B1.49B1.53B
Gross margin—85.4%—85.7%87.1%87.3%87.5%88.1%87.7%88.3%
Operating margin—19.7%—20.3%16.1%17.8%16.0%11.7%13.8%11.5%
Net margin—11.1%—11.9%7.8%9.6%8.8%4.2%4.9%5.4%

Balance sheet

Fiscal years, in CAD, from Telus's 10-K filings with the SEC.

Fiscal year2018201820192019202020212022202320242025
Cash and short-term investments683M CAD414M CAD217M CAD535M CAD848M CAD723M CAD974M CAD864M CAD869M CAD2.6B CAD
Receivables1.5B CAD1.6B CAD1.8B CAD2.0B CAD2.4B CAD2.7B CAD3.3B CAD3.6B CAD3.7B CAD3.8B CAD
Total current assets3.9B CAD3.8B CAD4.0B CAD4.4B CAD4.7B CAD5.0B CAD6.1B CAD6.3B CAD6.6B CAD8.4B CAD
Property, plant and equipment11.7B CAD12.1B CAD13.5B CAD14.2B CAD15.0B CAD15.9B CAD17.1B CAD17.2B CAD17.3B CAD17.5B CAD
Goodwill4.6B CAD4.7B CAD4.9B CAD5.3B CAD7.2B CAD7.3B CAD9.1B CAD10.1B CAD10.6B CAD10.5B CAD
Total assets32.0B CAD33.1B CAD35.8B CAD38.0B CAD43.3B CAD48.0B CAD54.1B CAD56.1B CAD58.0B CAD59.6B CAD
Total current liabilities4.6B CAD4.8B CAD5.6B CAD5.6B CAD5.9B CAD8.3B CAD8.3B CAD9.5B CAD9.8B CAD9.7B CAD
Long-term debt13.1B CAD13.3B CAD15.0B CAD17.1B CAD18.9B CAD17.9B CAD22.5B CAD23.4B CAD25.6B CAD27.4B CAD
Total liabilities22.3B CAD22.7B CAD25.2B CAD27.3B CAD30.7B CAD31.9B CAD36.4B CAD38.8B CAD41.2B CAD43.0B CAD
Shareholders' equity9.7B CAD10.3B CAD10.5B CAD10.5B CAD12.0B CAD15.1B CAD16.6B CAD16.1B CAD15.6B CAD15.8B CAD
Net debt12.6B CAD13.0B CAD14.9B CAD16.7B CAD18.1B CAD17.3B CAD21.6B CAD22.6B CAD25.7B CAD25.7B CAD

Cash flow

Fiscal years, in CAD, from Telus's 10-K filings with the SEC.

Fiscal year2018201820192019202020212022202320242025
Operating cash flow—4.1B CAD4.0B CAD3.9B CAD4.6B CAD4.4B CAD4.8B CAD4.5B CAD4.8B CAD4.9B CAD
Capital spending—3.0B CAD—3.4B CAD3.3B CAD4.1B CAD4.3B CAD3.6B CAD3.7B CAD3.8B CAD
Free cash flow—1.0B CAD—495M CAD1.3B CAD336M CAD499M CAD896M CAD1.2B CAD1.1B CAD
Stock-based compensation—16M CAD2M CAD-2M CAD27M CAD139M CAD122M CAD117M CAD151M CAD144M CAD
Dividends paid—1.1B CAD—1.1B CAD930M CAD1.0B CAD1.2B CAD1.3B CAD1.6B CAD1.6B CAD
Share buybacks (net)—-100M CAD———————-40M CAD
Net borrowing—123M CAD—2.4B CAD4.9B CAD4.9B CAD10.3B CAD9.2B CAD6.5B CAD12.8B CAD
Free cash flow margin—7.1%—3.4%8.2%1.9%2.7%4.5%5.7%5.4%
Dividends per share—0.96 CAD—0.95 CAD0.73 CAD0.77 CAD0.85 CAD0.90 CAD1.05 CAD1.06 CAD
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for TU.
Open TU in Investingly

Questions

What was Telus's revenue in 2025?

20.5B CAD in fiscal 2025, from its 10-K filing.

How much free cash flow does Telus generate?

1.1B CAD in fiscal 2025 (operating cash flow minus capital spending).

From Telus's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.