TELUS Corporation (TU) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 5B | 5.39B | 5.07B | 5.03B | 5.02B | 5.33B | 5.04B | 4.9B | 4.87B | 5.16B | 4.99B | 4.93B | 4.92B | 5.02B | 4.64B | 4.37B | 4.26B | 4.46B | 4.25B | 4.11B |
| Revenue Growth % | -0.32% | 1.11% | 0.5% | 2.67% | 3.12% | 3.39% | 1.04% | -0.69% | -1.2% | 2.65% | 7.54% | 12.83% | 15.72% | 12.6% | 9.28% | 6.42% | 5.82% | 9.85% | 7.2% | 12.39% |
| Cost of Goods Sold | 4.18B | 3.85B | 1.94B | 1.86B | 1.85B | 2.14B | 1.87B | 1.82B | 1.81B | 2.09B | 1.86B | 1.79B | 1.8B | 2.08B | 1.79B | 1.64B | 1.59B | 1.88B | 1.66B | 1.61B |
| COGS % of Revenue | 83.48% | 71.34% | 38.33% | 36.93% | 36.81% | 40.07% | 37.05% | 37.24% | 37.2% | 40.46% | 37.23% | 36.28% | 36.61% | 41.45% | 38.66% | 37.43% | 37.45% | 42.19% | 39.1% | 39.16% |
| Gross Profit | 826.13M | 1.54B | 3.13B | 3.17B | 3.17B | 3.19B | 3.17B | 3.08B | 3.06B | 3.07B | 3.13B | 3.14B | 3.12B | 2.94B | 2.85B | 2.74B | 2.66B | 2.58B | 2.59B | 2.5B |
| Gross Margin % | 16.52% | 28.66% | 61.67% | 63.07% | 63.19% | 59.93% | 62.95% | 62.76% | 62.8% | 59.54% | 62.77% | 63.72% | 63.39% | 58.55% | 61.34% | 62.57% | 62.55% | 57.81% | 60.9% | 60.84% |
| Gross Profit Growth % | -73.95% | -51.64% | -1.54% | 3.19% | 3.76% | 4.07% | 1.34% | -2.19% | -2.11% | 4.39% | 10.05% | 14.91% | 17.28% | 14.04% | 10.05% | 9.44% | 7.6% | 12.37% | 11.03% | 13.74% |
| Operating Expenses | 0 | 851M | 2.38B | 3B | 2.42B | 2.44B | 2.39B | 2.39B | 2.48B | 2.41B | 2.62B | 2.56B | 2.52B | 2.27B | 2.05B | 1.97B | 1.94B | 1.53B | 1.89B | 1.84B |
| OpEx % of Revenue | - | 15.79% | 47.03% | 59.59% | 48.21% | 45.7% | 47.32% | 48.84% | 50.99% | 46.66% | 52.4% | 51.93% | 51.23% | 45.23% | 44.18% | 45.14% | 45.47% | 34.23% | 44.61% | 44.83% |
| Selling, General & Admin | 0 | 1.46B | 1.41B | 1.54B | 1.47B | 1.48B | 1.48B | 1.47B | 1.48B | 1.41B | 1.63B | 1.57B | 1.54B | 1.38B | 1.23B | 1.17B | 1.12B | 1.11B | 1.09B | 1.05B |
| SG&A % of Revenue | - | 27.01% | 27.85% | 30.71% | 29.21% | 27.67% | 29.25% | 30.06% | 30.5% | 27.29% | 32.73% | 31.78% | 31.27% | 27.43% | 26.53% | 26.78% | 26.29% | 24.84% | 25.79% | 25.58% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 826.13M | 694M | 742M | 175M | 752M | 759M | 788M | 682M | 575M | 664M | 517M | 582M | 599M | 669M | 796M | 762M | 727M | 1.05B | 692M | 658M |
| Operating Margin % | 16.52% | 12.88% | 14.64% | 3.48% | 14.99% | 14.24% | 15.63% | 13.92% | 11.82% | 12.88% | 10.36% | 11.8% | 12.16% | 13.32% | 17.16% | 17.43% | 17.08% | 23.58% | 16.3% | 16.01% |
| Operating Income Growth % | 9.86% | -8.56% | -5.84% | -74.34% | 30.78% | 14.31% | 52.42% | 17.18% | -4.01% | -0.75% | -35.05% | -23.62% | -17.61% | -36.41% | 15.03% | 15.81% | 8.18% | 92.32% | 12.16% | 3.79% |
| EBITDA | 1.82B | 2.93B | 1.75B | 1.18B | 1.74B | 1.77B | 1.76B | 1.68B | 1.64B | 1.71B | 1.52B | 1.59B | 1.62B | 1.6B | 1.65B | 1.59B | 1.57B | 1.88B | 1.5B | 1.45B |
| EBITDA Margin % | 36.4% | 54.38% | 34.6% | 23.43% | 34.75% | 33.2% | 34.83% | 34.2% | 33.66% | 33.07% | 30.4% | 32.18% | 32.91% | 31.81% | 35.47% | 36.43% | 36.87% | 42.19% | 35.23% | 35.31% |
| EBITDA Growth % | 4.4% | 65.59% | -0.17% | -29.65% | 6.47% | 3.81% | 15.75% | 5.54% | 1.05% | 6.7% | -7.84% | -0.31% | 3.31% | -15.09% | 10.03% | 9.79% | 7.39% | 40.87% | 7.63% | 6.77% |
| D&A (Non-Cash Add-back) | 994.56M | 2.24B | 1.01B | 1B | 992M | 1.01B | 968M | 994M | 1.06B | 1.04B | 1B | 1.01B | 1.02B | 929M | 850M | 831M | 842M | 830M | 804M | 793M |
| EBIT | 826.13M | 438M | 988M | 173M | 750M | 820M | 656M | 645M | 521M | 746M | 493M | 570M | 573M | 627M | 984M | 854M | 724M | 1.06B | 705M | 655M |
| Net Interest Income | -539.39M | -393M | -384M | -353M | -337M | -377M | -337M | -334M | -327M | -347M | -323M | -307M | -287M | -272M | -216M | -194M | -177M | -198M | -198M | -203M |
| Interest Income | 25.06M | 17M | 16M | 18M | 5M | 5M | 10M | 11M | 13M | 13M | 5M | 4M | 7M | 8M | 11M | 0 | 2M | 3M | 12M | 3M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 199.51M | 404M | 588M | -198M | 408M | 438M | 309M | 300M | 181M | 386M | 165M | 259M | 279M | 347M | 762M | 665M | 548M | 860M | 498M | 455M |
| Pretax Margin % | 3.99% | 7.5% | 11.6% | -3.94% | 8.13% | 8.22% | 6.13% | 6.12% | 3.72% | 7.49% | 3.31% | 5.25% | 5.67% | 6.91% | 16.42% | 15.21% | 12.88% | 19.28% | 11.73% | 11.07% |
| Income Tax | 55.14M | 114M | 157M | 47M | 107M | 118M | 52M | 79M | 41M | 76M | 28M | 63M | 55M | 82M | 211M | 167M | 144M | 197M | 140M | 111M |
| Effective Tax Rate % | 27.64% | 28.22% | 26.7% | -23.74% | 26.23% | 26.94% | 16.83% | 26.33% | 22.65% | 19.69% | 16.97% | 24.32% | 19.71% | 23.63% | 27.69% | 25.11% | 26.28% | 22.91% | 28.11% | 24.4% |
| Net Income | 136.35M | 292M | 493M | 7M | 321M | 358M | 280M | 228M | 127M | 288M | 136M | 200M | 217M | 248M | 514M | 468M | 385M | 644M | 345M | 335M |
| Net Margin % | 2.73% | 5.42% | 9.73% | 0.14% | 6.4% | 6.72% | 5.55% | 4.65% | 2.61% | 5.59% | 2.73% | 4.05% | 4.41% | 4.94% | 11.08% | 10.7% | 9.05% | 14.44% | 8.13% | 8.15% |
| Net Income Growth % | -57.52% | -18.44% | 76.07% | -96.93% | 152.76% | 24.31% | 105.88% | 14% | -41.47% | 16.13% | -73.54% | -57.27% | -43.64% | -61.49% | 48.99% | 39.7% | 16.31% | 147.69% | 12.38% | 15.52% |
| Net Income (Continuing) | 144.37M | 290M | 431M | -245M | 301M | 320M | 257M | 221M | 140M | 310M | 137M | 196M | 224M | 265M | 551M | 498M | 404M | 663M | 358M | 344M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 809.09M | 804M | 1.18B | 882M | 1.18B | 1.18B | 1.16B | 1.24B | 1.23B | 1.19B | 875.22M | 884.16M | 905.03M | 1.09B | 751.5M | 748.52M | 761.64M | 943M | 728.3M | 721.96M |
| EPS (Diluted) | 0.09 | 0.19 | 0.32 | 0.00 | 0.21 | 0.24 | 0.19 | 0.15 | 0.09 | 0.20 | 0.09 | 0.14 | 0.15 | 0.17 | 0.37 | 0.34 | 0.28 | 0.49 | 0.25 | 0.25 |
| EPS Growth % | -58.43% | -20.83% | 68.42% | -96.93% | 144.47% | 20% | 103.86% | 7.14% | -42.73% | 17.65% | -74.81% | -58.82% | -46.43% | -65.31% | 48% | 36% | 12% | 145% | 4.17% | 8.7% |
| EPS (Basic) | 0.09 | 0.19 | 0.32 | 0.00 | 0.21 | 0.24 | 0.19 | 0.15 | 0.09 | 0.20 | 0.09 | 0.14 | 0.15 | 0.17 | 0.37 | 0.34 | 0.28 | 0.49 | 0.25 | 0.25 |
| Diluted Shares Outstanding | 1.56B | 1.54B | 1.54B | 1.52B | 1.52B | 1.49B | 1.49B | 1.49B | 1.48B | 1.47B | 1.46B | 1.45B | 1.44B | 1.43B | 1.41B | 1.39B | 1.38B | 1.37B | 1.37B | 1.36B |
| Basic Shares Outstanding | 1.56B | 1.61B | 1.53B | 1.51B | 1.51B | 1.52B | 1.49B | 1.52B | 1.48B | 1.47B | 1.45B | 1.45B | 1.44B | 1.43B | 1.4B | 1.38B | 1.38B | 1.36B | 1.36B | 1.35B |
| Dividend Payout Ratio | 316.18% | 141.44% | 59.42% | 5785.71% | 125.23% | 108.38% | 137.14% | 189.04% | 208.67% | 117.71% | 248.53% | 160% | 146.54% | 124.19% | 57.78% | 61.97% | 76.1% | 42.24% | 78.55% | 74.93% |