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.
Shares outstanding (point-in-time)
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.
| 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-0.2% | 14.9B+5.4% | 14.1B+2.7% | 13.8B+19.4% | |
| Cost of revenue | 1.72B-5.8% | 1.82B+2.6% | 1.78B+0.6% | 1.77B+0.7% | 1.76B+17.7% | |
| Operating income | 1.69B-17.3% | 2.05B+16.9% | 1.75B-22.9% | 2.27B-7.5% | 2.45B+32.5% | |
| Interest expense | 831M-27.7% | 1.15B+21.9% | 943M+94.3% | 486M-23.6% | 635M+10.5% | |
| Pre-tax income | 860M-4.0% | 896M+11.0% | 807M-54.8% | 1.78B-1.9% | 1.82B+42.4% | |
| Income tax | 304M+43.8% | 212M+28.6% | 164M-64.5% | 464M+0.3% | 463M+37.6% | |
| 556M-18.7% | 684M+6.5% | 642M-51.3% | 1.32B-2.6% | 1.35B+44.2% | ||
| Net income to common | 797M+10.0% | 724M+16.2% | 623M-49.8% | 1.24B-6.0% | 1.32B+46.7% | |
| $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+5.4% | $1.08+3.5% | $1.04+2.7% | $1.01+14.8% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 6.11B+32.3% | 4.62B-3.2% | 4.77B+6.0% | 4.50B+14.0% | 3.95B+7.7% | ||
| Cash & equivalents | 1.91B+216.2% | 605M-7.3% | 653M-9.3% | 720M+26.8% | 568M-14.6% | |
| Accounts receivable | 2.77B+7.9% | 2.57B-5.5% | 2.72B+10.9% | 2.45B+16.9% | 2.10B+13.6% | |
| 43.5B+7.7% | 40.4B-4.7% | 42.4B+6.2% | 39.9B+6.1% | 37.7B+11.0% | ||
| Property, plant & equipment | — | — | — | 12.6B+1.0% | 12.5B+6.2% | |
| Goodwill | 7.64B+3.8% | 7.36B-3.2% | 7.60B+12.6% | 6.75B+18.2% | 5.71B+1.7% | |
| Total non-current assets | 37.4B+4.5% | 35.8B-4.9% | 37.6B+6.2% | 35.4B+5.1% | 33.7B+11.4% | |
| 7.07B+3.3% | 6.85B-4.3% | 7.16B+17.0% | 6.12B-5.7% | 6.49B+40.3% | ||
| Short-term & current debt | 2.26B+0.2% | 2.26B-25.1% | 3.02B+60.7% | 1.88B-18.3% | 2.30B+104.7% | |
| 31.4B+9.4% | 28.7B-2.1% | 29.3B+9.1% | 26.9B+7.4% | 25.1B+4.1% | ||
| Long-term debt | 20.0B+12.3% | 17.8B+1.1% | 17.6B+6.2% | 16.6B+18.1% | 14.1B-4.8% | |
| 11.5B+5.9% | 10.9B-10.6% | 12.2B-0.6% | 12.2B+3.2% | 11.9B+25.7% | ||
| Total equity incl. non-controlling | 12.1B+3.5% | 11.7B-10.5% | 13.1B+0.2% | 13.0B+3.5% | 12.6B+28.0% | |
| 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+6.1% | 3.33B-9.8% | 3.70B+5.6% | 3.50B+2.6% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 9.14B+94.1% | 4.71B-31.1% | 6.83B-13.4% | 7.89B+102.2% | 3.90B+7.2% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 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-19.9% | 25.5B-3.8% | 26.5B-18.1% | 32.3B+26.3% | |
| P/E | 36.7×+23.1% | 29.8×+54.5% | 19.3×-1.3% | 19.5×-18.1% | 23.8×-12.4% | |
| P/S | 1.4×+1.4% | 1.4×-23.8% | 1.8×-6.4% | 1.9×-18.1% | 2.3×+5.8% | |
| P/B | 1.8×-5.5% | 1.9×-9.9% | 2.1×-6.8% | 2.2×-18.1% | 2.7×+0.5% | |
| Earnings yield | 2.7%-18.8% | 3.4%-35.3% | 5.2%+1.3% | 5.1%+22.1% | 4.2%+14.1% | |
| Dividend yield | 9.0%+7.3% | 8.4%+38.2% | 6.1%+12.3% | 5.4%+25.4% | 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.