Revenue
5Y CAGR +4.9%5Y CAGR +4.9%$14.7B FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
TU
$9.22+3.60%
as of close, Nov 4, 2026
☾ AH $9.22 +3.60%
Telus CorporationStock · Communication ServicesMSCI World · 0.005% of URTHMSCI ACWI · 0.004% of ACWI
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TU financial statements
The full income statement, balance sheet, and cash-flow statement for Telus Corporation (TU), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Financial overview#
Operating income
5Y CAGR −1.8%5Y CAGR −1.8%$1.7B FY25
FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Net income
5Y CAGR −10.0%5Y CAGR −10.0%$556M FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
EPS (diluted)
5Y CAGR −6.0%5Y CAGR −6.0%$0.52 FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Operating cash flow
5Y CAGR +0.4%5Y CAGR +0.4%$3.5B FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Capital expenditure
5Y CAGR +1.7%5Y CAGR +1.7%$2.7B FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Free cash flow
5Y CAGR −3.3%5Y CAGR −3.3%$796.5M FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Shares (diluted)
5Y +20.1%5Y +20.1%1.5B FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Dividend per share
5Y CAGR +6.0%5Y CAGR +6.0%YoY +4.4%$1.18 FY25$0.30 Q4 '25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Q1 '17Q2 '17Q3 '17Q4 '17Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Shares outstanding (point-in-time)
2016-12 1.19B2017-12 1.19B2019-12 1.21B2020-12 1.29B2021-12 1.37B2022-12 1.43B2023-12 1.47B2024-12 1.50B2025-12 1.55B+30.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 14.7B-1.3% | 14.9B-0.3% | 14.9B+5.4% | 14.1B+2.7% | 13.8B+19.4% | |
| Cost of revenue | 1.72B-5.8% | 1.82B+2.5% | 1.78B+0.6% | 1.77B+0.7% | 1.76B+17.6% | |
| Operating income | 1.69B-17.3% | 2.05B+16.8% | 1.75B-22.9% | 2.27B-7.5% | 2.45B+32.4% | |
| Interest expense | 831M-27.7% | 1.15B+21.9% | 943M+94.3% | 486M-23.5% | 635M+10.4% | |
| Pre-tax income | 860M-4.0% | 896M+11.0% | 807M-54.8% | 1.78B-1.8% | 1.82B+42.4% | |
| Income tax | 304M+43.8% | 212M+28.6% | 165M-64.6% | 464M+0.3% | 463M+37.5% | |
| 556M-18.7% | 684M+6.5% | 642M-51.3% | 1.32B-2.6% | 1.35B+44.1% | ||
| Net income to common | 796M+10.0% | 724M+16.2% | 623M-49.8% | 1.24B-6.0% | 1.32B+46.6% | |
| $0.52+5.4% | $0.49+13.7% | $0.43-51.4% | $0.88-9.2% | $0.97+38.8% | ||
| EPS (basic) | $0.52+6.9% | $0.49+13.7% | $0.43-51.8% | $0.89-9.2% | $0.98+38.5% | |
| Weighted-avg shares (basic) | 1.53B+2.9% | 1.49B+2.5% | 1.45B+3.9% | 1.40B+3.7% | 1.35B+5.6% | |
| Weighted-avg shares (diluted) | 1.53B+2.8% | 1.49B+2.5% | 1.46B+3.8% | 1.40B+3.8% | 1.35B+5.7% | |
| Dividends per share | $1.18+4.2% | $1.14+5.3% | $1.08+3.5% | $1.04+2.7% | $1.01+14.7% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 6.11B+32.6% | 4.61B-3.3% | 4.77B+6.0% | 4.50B+13.0% | 3.98B+8.4% | ||
| Cash & equivalents | 1.91B+216.8% | 604M-7.4% | 653M-9.3% | 720M+25.7% | 572M-14.1% | |
| Accounts receivable | 2.77B+8.1% | 2.56B-5.6% | 2.72B+10.9% | 2.45B+15.9% | 2.11B+14.3% | |
| 43.5B+7.9% | 40.3B-4.9% | 42.4B+6.2% | 39.9B+5.2% | 38.0B+11.7% | ||
| Property, plant & equipment | — | — | — | 12.6B+0.1% | 12.6B+6.9% | |
| Goodwill | 7.64B+4.0% | 7.34B-3.4% | 7.60B+12.6% | 6.75B+17.2% | 5.75B+2.3% | |
| Total non-current assets | 37.4B+4.7% | 35.7B-5.1% | 37.6B+6.2% | 35.4B+4.3% | 34.0B+12.1% | |
| 7.08B+3.5% | 6.84B-4.5% | 7.16B+17.0% | 6.12B-6.5% | 6.55B+41.2% | ||
| Short-term & current debt | 2.27B+0.4% | 2.26B-25.2% | 3.02B+60.7% | 1.88B-19.0% | 2.32B+106.0% | |
| 31.4B+9.6% | 28.7B-2.3% | 29.3B+9.1% | 26.9B+6.5% | 25.3B+4.8% | ||
| Long-term debt | 20.0B+12.6% | 17.8B+0.9% | 17.6B+6.2% | 16.6B+17.1% | 14.2B-4.2% | |
| 11.5B+6.1% | 10.9B-10.8% | 12.2B-0.6% | 12.2B+2.3% | 12.0B+26.5% | ||
| Total equity incl. non-controlling | 12.1B+3.7% | 11.7B-10.7% | 13.1B+0.2% | 13.0B+2.6% | 12.7B+28.7% | |
| Shares outstanding (cover) | 1.55B+3.0% | 1.50B+2.4% | 1.47B+2.6% | 1.43B+4.4% | 1.37B+6.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash from operations | 3.48B-1.5% | 3.54B+6.0% | 3.33B-9.8% | 3.70B+5.6% | 3.50B+2.6% | |
| Capital expenditure | 2.69B-0.1% | 2.69B+38.4% | 1.94B-41.4% | 3.31B+2.5% | 3.23B+30.8% | |
| Free cash flow | 796M-5.9% | 846M-39.2% | 1.39B+262.8% | 383M+43.0% | 268M-71.5% | |
| Long-term debt issued | 9.14B+94.1% | 4.71B-31.1% | 6.83B-13.4% | 7.89B+102.2% | 3.90B+7.1% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 1.04B-7.0% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 1.17B+2.3% | 1.14B+16.9% | 974M+6.8% | 913M+9.5% | 834M+20.2% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 20.4B+0.0% | 20.4B | — | — | 32.3B+26.3% | |
| P/E | 36.7×+23.1% | 29.8× | — | — | 23.8×-12.4% | |
| P/S | 1.4×+1.4% | 1.4× | — | — | 2.3×+5.8% | |
| P/B | 1.8×-5.7% | 1.9× | — | — | 2.7×-0.2% | |
| P/FCF | 25.6×+6.3% | 24.1× | — | — | 120.5×+343.6% | |
| Earnings yield | 2.7%-18.8% | 3.4% | — | — | 4.2%+14.1% | |
| FCF yield | 3.9%-5.9% | 4.1% | — | — | 0.83%-77.5% | |
| Dividend yield | 9.0%+7.3% | 8.4% | — | — | 4.3%-3.6% | |
| Source filing | 40-F | 40-F | 40-F | 40-F | 40-F |
About this data
Source: TU’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TU filings on SEC EDGAR → Not investment advice.
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