MARKETS / NYSE / TU

NYSE · RADIOTELEPHONE COMMUNICATIONS

Telus Corp. TU

10 fiscal years on record · CAD · FY2025 reported · SEC filings only

6 YEARS OF DIVIDEND GROWTH

Revenue

CAD 20.5B

▲ 0.6% YoY

Net income

CAD 1.1B

▲ 12.1% YoY

Free cash flow

CAD 2.1B

▼ 3.2% YoY

In brief

What this company does

TELUS Corporation is a communications technology company operating in more than 45 countries, generating over $20 billion in annual revenue with more than 21 million customer connections through its suite of broadband services for consumers, businesses and the public sector. TELUS Health provides preventive medicine and well-being technologies to more than 161 million people across 200 countries and territories. TELUS Agriculture & Consumer Goods uses digital technologies and data insights to connect producers and consumers. TELUS Digital specializes in digital customer experiences and digital transformation services for its global clients. In 2025, its subscriber base included approximately 10.3 million mobile phone subscribers, 4.4 million connected device subscribers, 2.8 million internet subscribers, 1.4 million TV subscribers, 1.2 million security and automation subscribers, and 1.0 million residential voice subscribers. Its reporting segments are TELUS technology solutions, TELUS health, and TELUS digital experience.

Written from the business description in TELUS CORP's annual report to the U.S. Securities and Exchange Commission, filed 12 February 2026. Every sentence was checked against that document before publication.

Growth

CAD 20.5B

Revenue, FY2025 · full 10-year series below

Revenue CAD B Net income CAD B

FY2025 · Revenue 20.5 · Net income 1.1

Compound annual growth

Revenue

+3.7%

+5.8%

Net income

−11.7%

−1.6%

EPS, diluted

−14.5%

−5.2%

Dividend / share

+6.8%

+6.9%

Returned to shareholders

+29.4%

+22.6%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +5.8% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

4 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 11.5% · Net 3.8%

ROE

FY2025 · ROE 7.1%

Gross margin88.3%

Operating margin11.5%

Net margin3.8%

Return on assets1.3%

EBITDA—

Each CAD of equity produced 7 cents of profit this year.

Cash & shareholders

CAD 2.6B

returned in FY2025 · dividends + net buybacks

Free cash flow CAD B

FY2025 · FCF 2.1

Net buybacks CAD B Dividends CAD B

FY2025 · Dividends 2.5 · Net buybacks 0.0

Dividends paidCAD 2.5B

Net buybacksCAD 40.0M

Share of profit231.1%

Consecutive raises6 years (since the 2019 share-count change)

CAD 2.5B in dividends and CAD 40.0M in buybacks — 231% of the year's profit, so the payout drew on cash built up earlier.

Total assetsCAD 59.6B

EquityCAD 15.8B

CashCAD 2.6B

DepositsCAD 13.0M

Current ratio0.86×

Equity funds 26% of total assets.

The 10-year record

10 fiscal years

Every figure from documents filed with the SEC · CAD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Revenue CAD B	20.5	20.4	20.1	18.4	17.3	15.5	14.7	14.4	13.4	12.8
Operating income CAD B	2.4	2.8	2.4	3.0	3.1	2.5	3.0	2.8	2.7	2.2
EBITDA CAD B	·	·	·	·	·	·	·	·	·	·
Income tax CAD B	0.4	0.3	0.2	0.6	0.6	0.5	0.5	0.6	0.6	0.4
Net income CAD B	1.1	1.0	0.8	1.6	1.7	1.2	1.7	1.6	1.6	1.2
Free cash flow CAD B	2.1	2.2	1.9	1.5	1.2	1.9	1.2	1.7	1.5	0.9
EPS, diluted CAD	0.72	0.67	0.58	1.15	1.22	0.94	1.45	2.68	2.63	2.06
Dividend / sh CAD	1.65	1.56	1.45	1.36	1.27	1.18	1.13	2.10	1.97	1.84
Payout %	227	233	156	74	63	77	66	71	69	87
ROE %	7.1	6.3	5.1	10.2	12.2	10.7	16.8	16.3	16.9	13.6

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 40 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 45 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityRadiotelephone Communications

Listed onNYSE

Incorporated inoutside the United States — SEC code A1

Fiscal year endsDecember 31

Data on record since2016