Telus Corp (TU) — Financial statements
Income statement, balance sheet, and cash flow for Telus Corp — annual and quarterly history with growth and margin analysis.
| Metric (CAD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 20,506↑1.8% | 20,139↑0.7% | 20,005↑9.4% | 18,292↑8.6% | 16,838 | |
| Cost of Revenue | 13,584↑77.8% | 7,639↑1.4% | 7,537↑6.1% | 7,107↑6.1% | 6,699 | |
| Gross Profit | 6,922↓44.6% | 12,500↑0.3% | 12,468↑11.5% | 11,185↑10.3% | 10,139 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 5,907↓3.9% | 6,148↑25.5% | 4,899↑14.8% | 4,269 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00↓100.0% | 5,907↓3.9% | 6,148↑25.5% | 4,899↑14.8% | 4,269 | |
| Other Expenses | 4,559↑20.3% | 3,789↓4.3% | 3,958↑18.8% | 3,332↑19.2% | 2,796 | |
| Operating Expenses | 4,559↓53.0% | 9,696↓4.1% | 10,106↑22.8% | 8,231↑16.5% | 7,065 | |
| Total Costs & Expenses | 18,143↑4.7% | 17,335↓1.7% | 17,643↑15.0% | 15,338↑11.4% | 13,764 | |
| Operating Results | ||||||
| Operating Income | 2,363↓15.7% | 2,804↑18.7% | 2,362↓20.0% | 2,954↓3.9% | 3,074 | |
| Depreciation & Amortization | 4,059↑0.6% | 4,036↓0.8% | 4,069↑17.9% | 3,452↑7.3% | 3,216 | |
| EBITDA | 6,922↑3.7% | 6,678↑3.5% | 6,451↓2.9% | 6,641↑5.4% | 6,299 | |
| EBIT | 2,863↑8.4% | 2,642↑10.9% | 2,382↓25.3% | 3,189↑3.4% | 3,083 | |
| Interest & Other Income | ||||||
| Net Interest Income | -1,467↓6.7% | -1,375↓8.8% | -1,264↓49.4% | -846↓7.8% | -785 | |
| Interest Income | 56↑43.6% | 39↑34.5% | 29↑38.1% | 21↑5.0% | 20 | |
| Interest Expense | 1,523↑7.7% | 1,414↑9.4% | 1,293↑49.1% | 867↑7.7% | 805 | |
| Non-Operating Income | -500↓408.6% | 162↑910.0% | -20↑91.5% | -235↓2511.1% | -9 | |
| Other Income / Expenses | -1,161↑26.3% | -1,576↓23.8% | -1,273↓101.4% | -632↑20.6% | -796 | |
| Income Before Tax | 1,202↓2.1% | 1,228↑12.8% | 1,089↓53.1% | 2,322↑1.9% | 2,278 | |
| Income Tax Expense | 425↑46.6% | 290↑30.6% | 222↓63.2% | 604↑4.1% | 580 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 777↓17.2% | 938↑8.2% | 867↓49.5% | 1,718↑1.2% | 1,698 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,113↑12.1% | 993↑18.1% | 841↓47.9% | 1,615↓2.4% | 1,655 | |
| Bottom-Line Net Income | 1,113↑12.1% | 993↑18.1% | 841↓47.9% | 1,615↓2.4% | 1,655 | |
| EPS (Basic) | 0.73↑9.0% | 0.67↑15.5% | 0.58↓50.0% | 1.16↓5.7% | 1.23 | |
| EPS (Diluted) | 0.72↑7.5% | 0.67↑15.5% | 0.58↓49.6% | 1.15↓6.5% | 1.23 | |
| Weighted Average Shares | 1,546↑3.9% | 1,488↑2.5% | 1,451↑3.9% | 1,396↑3.7% | 1,346 | |
| Weighted Average Diluted Shares | 1,535↑3.3% | 1,486↑2.0% | 1,457↑3.8% | 1,403↑3.8% | 1,351 | |
* All figures in Millions of CAD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.