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TELUS Corporation (TU)
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TELUS Corporation Income Statement 2025-2011 | TU
Brief overview of financial results at TELUS Corporation
The overview follows changes across a five-year period. Revenue reported by TELUS Corporation was 15.5 billion Canadian dollars at the beginning of the period and 20.5 billion Canadian dollars at the end. Overall revenue changed by +32.6%, equal to an annualized rate of about 5.8%. Revenue advanced gradually over the five-year period.
Gross profit changed from 9.1 billion Canadian dollars to 18.1 billion Canadian dollars (+99.6%). Cost of revenue developed more favorably than sales, supporting gross profitability. The gross margin was 58.7% at the start and 88.3% at the end. The margin shift points to a more favorable sales-and-cost structure.
EBITDA changed from 2.5 billion Canadian dollars to 2.4 billion Canadian dollars (−4.8%). EBITDA underperformed the top-line trend. At the operating-margin level, the figure shifted from 16.1% to 11.5%. Operating return per unit of revenue declined.
Net income changed from 1.2 billion Canadian dollars to 777 million Canadian dollars (−35.6%). Profit pressure may reflect higher operating, financing, or tax costs.
Over the period, capitalization shifted from 22.5 billion Canadian dollars to 20.6 billion Canadian dollars (−8.5%). Market value followed a broadly neutral trajectory.
Summary assessment
Positive developments coexist with areas of weakness. Key strengths include better sales economics and revenue expansion. The main areas of concern are pressure on operating profitability and lower net income. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement TELUS Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
20.6 B | 23.2 B | 25.4 B | 23.5 B | 33.5 B | 22.5 B | 19.3 B | 18.2 B | 22.1 B | 19.6 B | 16.7 B | 10.6 B | 11.1 B | 2.71 B | 2.19 B |
Shares |
1.53 B | 1.49 B | 1.45 B | 1.4 B | 1.35 B | 1.2 B | 1.2 B | 1.19 B | 1.19 B | 1.19 B | 1.21 B | 618 M | 643 M | 164 M | 163 M |
Historical Prices |
13.5 | 15.6 | 17.5 | 16.8 | 24.9 | 18.7 | 16 | 15.3 | 14.5 | 12.4 | 10.5 | 12.2 | 11.7 | 10.6 | 8.53 |
Net Income |
777 M | 938 M | 867 M | 1.72 B | 1.7 B | 1.21 B | 1.75 B | 1.6 B | 1.56 B | 1.22 B | 1.38 B | 1.42 B | 1.29 B | 1.32 B | 1.22 B |
Revenue |
20.5 B | 20.4 B | 20.1 B | 18.4 B | 17.3 B | 15.5 B | 14.7 B | 14.4 B | 13.3 B | 12.7 B | 12.4 B | 11.9 B | 11.3 B | 10.9 B | 10.3 B |
Cost of Revenue |
2.4 B | 2.5 B | 2.4 B | 2.3 B | 2.2 B | 2 B | 2.1 B | 2.1 B | 1.98 B | 1.84 B | - | - | - | - | - |
Gross Profit |
18.1 B | 17.9 B | 17.7 B | 16.1 B | 15.1 B | 9.07 B | 8.58 B | 7.73 B | 7.4 B | 7.09 B | 6.9 B | 6.63 B | 6.37 B | 6.03 B | 5.6 B |
Operating Income |
2.36 B | 2.8 B | 2.36 B | 2.95 B | 3.07 B | 2.48 B | 2.98 B | 2.84 B | 2.74 B | 2.18 B | - | - | - | - | - |
Interest Expense |
1.21 B | 1.61 B | 1.3 B | 649 M | 812 M | 778 M | 740 M | 670 M | 580 M | 523 M | - | - | - | - | - |
EBITDA |
2.36 B | 2.8 B | 2.36 B | 2.95 B | 3.07 B | 2.48 B | 2.98 B | 2.84 B | 4.91 B | 4.23 B | 4.26 B | 4.37 B | 4.02 B | 3.97 B | 3.78 B |
Operating Expenses |
18.1 B | 17.6 B | 17.8 B | 15.5 B | 14.2 B | 13 B | 11.7 B | 11.5 B | 4.73 B | 4.95 B | 4.57 B | 4.27 B | 4.17 B | 3.94 B | 3.63 B |
General and Administrative Expenses |
- | - | - | - | - | 3.7 B | 2.97 B | 2.77 B | 2.57 B | 2.83 B | 2.55 B | 2.72 B | 2.35 B | 2.09 B | 1.88 B |
Annual performance
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All numbers in CAD currency
Quarterly Income Statement TELUS Corporation
| 2025-Q4 | 2025-Q2 | 2024-Q4 | 2024-Q2 | 2023-Q4 | 2023-Q2 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
1.53 B | 1.52 B | 1.49 B | 1.48 B | 1.45 B | 1.45 B | - | - | 1.38 B | - | - | - | 1.36 B | - | - | - | 1.28 B | - | - | - | 1.2 B | - | - | - | 596 M | - | - | - | 593 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
777 M | -245 M | 938 M | 221 M | 867 M | 196 M | - | - | 498 M | - | - | - | 344 M | - | - | - | 315 M | - | - | - | 520 M | - | - | - | 397 M | - | - | - | 396 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
20.5 B | 5.08 B | 20.4 B | 4.97 B | 20.1 B | 4.95 B | - | - | 4.4 B | - | - | - | 4.11 B | - | - | - | 3.73 B | - | - | - | 3.6 B | - | - | - | 3.45 B | - | - | - | 3.28 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
2.4 B | 500 M | 2.5 B | 600 M | 2.4 B | 500 M | - | - | 500 M | - | - | - | 500 M | - | - | - | 384 M | - | - | - | 484 M | - | - | - | 469 M | - | - | - | 446 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
18.1 B | 4.58 B | 17.9 B | 4.37 B | 17.7 B | 4.45 B | - | - | 3.9 B | - | - | - | 3.61 B | - | - | - | 3.34 B | - | - | - | 3.11 B | - | - | - | 2.98 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
2.36 B | 175 M | 2.8 B | 682 M | 2.36 B | 582 M | - | - | 762 M | - | - | - | 658 M | - | - | - | 634 M | - | - | - | 740 M | - | - | - | 692 M | - | - | - | 682 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
1.21 B | 390 M | 1.61 B | 392 M | 1.3 B | 325 M | - | - | 97 M | - | - | - | 205 M | - | - | - | 204 M | - | - | - | 192 M | - | - | - | 153 M | - | - | - | 143 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
2.36 B | 175 M | 2.8 B | 682 M | 2.36 B | 582 M | - | - | 762 M | - | - | - | 658 M | - | - | - | 634 M | - | - | - | 740 M | - | - | - | 692 M | - | - | - | 682 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
18.1 B | 4.91 B | 17.6 B | 4.29 B | 17.8 B | 4.36 B | - | - | 3.64 B | - | - | - | 3.45 B | - | - | - | 3.09 B | - | - | - | 2.86 B | - | - | - | 2.76 B | - | - | - | 2.6 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
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All numbers in CAD currency
The income statement is one of the three key financial reports of a company TELUS Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.