TU Telus Corporation Ordinary Shares
NYSE · Telecommunication · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Feb 12, 2026TU Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| March 18, 2020 | 2-for-1 | Forward |
| April 17, 2013 | 2-for-1 | Forward |
About Telus Corporation Ordinary Shares Company overview from Wikipedia
Telus Communications Inc. (TCI) is the wholly owned principal subsidiary of Telus Corporation, a Canadian national telecommunications company that provides a wide range of telecommunications products and services including Internet access, voice, entertainment, healthcare, video, smart home automation and IPTV television. The company is based in the Vancouver, British Columbia, area; it was originally based in Edmonton, Alberta, before its merger with BC Tel in 1999. Telus' wireless division, Telus Mobility, offers UMTS- and LTE-based mobile phone networks. Telus is the incumbent local exchange carrier in British Columbia and Alberta. Its primary competitors are Rogers Communications and Bell Canada. Telus is a member of the British Columbia Technology Industry Association.
History
Telus Corporation was formed in 1990 by the government of Alberta as a holding company to facilitate the privatization of Alberta Government Telephones (AGT), a crown corporation that provided telephone service to most of Alberta outside of Edmonton. In 1995, it acquired Edmonton Telephones Corporation (EdTel), the main telephone provider for Edmonton itself, from the city of Edmonton making Telus the sole provider of telephone service in Alberta. In 1996, Telus was introduced to the public as the consumer brand, replacing both AGT and EdTel.
In 1998, Telus and BC Tel announced a proposed merger. The proposed merged company, BCT.Telus Communications Inc., was incorporated separately in British Columbia, with headquarters at BC Tel's office in Burnaby. After shareholder approval BCT.Telus acquired BC Tel and Telus; the merger was completed in 1999. In 2000 the combined BCT.Telus changed named back to Telus Corporation, and the BC Tel brand was retired. The merger created Canada's second largest telecom company, with 22% of market share compared to Bell Canada's 42%. American company GTE had held a slight majority of ownership in BC Tel prior to the merger with Telus, and retained a 26.7% share of the post-merger company.
Large swaths of rural Quebec, mainly the Gaspé Peninsula and the north shore, were served from 1927 by an entity known as Corporation de Téléphone et de Pouvoir de Québec, and in 1955, this became known as Québec Téléphone. In 1966, the Anglo-Canadian Telephone Company, a subsidiary of General Telephone and Electronics of Stamford, Connecticut (later GTE), became a majority shareholder in Québec Téléphone. In 1997, Groupe QuébecTel was established to own Québec Téléphone. GTE sold its interests in Québec Téléphone to Telus in August 2000, which renamed it Telus Québec on April 2, 2001.
GTE was itself acquired by Bell Atlantic in 2000, and the company changed its name to Verizon Communications. Verizon inherited GTE's share of Telus, but in late 2004 sold its remaining 20.5% stake. This was so that Verizon could focus more on its own services.
In October 2019, Telus Corp announced it would buy home security provider ADT Inc.'s Canadian operations for CA$700 million (US$527.27 million).
In June 2022, Telus Communications acquired Altima Telecom. In January 2023, Telus Communications acquired London-based ISP Start.ca.
Parent company
Telus Corporation is a conglomerate, and its wholly owned principal subsidiary is Telus Communications Inc (TCI), according to the 2010 Telus annual report.
Labour dispute
After the Telus-BCTel merger, unionized employees voted to certify the Telecommunications Workers Union (TWU) as the sole bargaining agent for the expanded company's workforce. The TWU had previously been the union representing BCTel employees – it replaced the International Brotherhood of Electrical Workers (IBEW) in Alberta. A labour dispute between Telus and the TWU began after the previous contract, negotiated with BCTel before the Telus merger, expired at the end of 2000. After Telus made its final offer to the TWU it informed the union of its intention to bring an end to the dispute by unilaterally implementing its April 2005 offer to employees in Alberta and British Columbia. The next day the union went on strike in British Columbia while Telus locked out its unionized workers in Alberta, although (as is common in disputes where an employer attempts to unilaterally implement a new contract) the union consistently referred to the dispute as a "lockout."
On July 25, 2005, Telus blocked its Internet subscribers from accessing a website supporting striking union members. The company expressed concerns over content on the site, saying it identified employees crossing picket lines and encouraged disruptive behaviour, while the union alleged it amounted to censorship. The British Columbia Civil Liberties Association issued an official objection to the unilateral blocking on July 26, stating "Telus is leveraging its power as a telecommunications service provider to censor a specific group, shut down debate and limit the messages conveyed about the current labour dispute". An Alberta court injunction ordered the blocked website, Voices For Change, to remove postings of "Telus employee photos" and other "intimidating or threatening material". The site owner agreed to comply and Telus unblocked the website. Telus and the TWU ratified a tentative agreement on November 18, 2005, ending the dispute.
Relaunch of Clearnet
In April 2011, Telus Mobility relaunched the Clearnet brand as a limited market trial in Kelowna, British Columbia, and Red Deer, Alberta. The company again closed to new business in June 2012.
Non-voting share conversion
In February 2013, Telus exchanged all non-voting shares into common shares on a one-for-one basis.
Purchase of Public Mobile
In October 2013, Telus acquired minor mobile phone provider Public Mobile and relaunched it in 2015 as a "value brand" MVNO on the Telus network.
2026 1 petabyte cybersecurity incident
In March 2026, a notorious cyber crime group known as ShinyHunters claimed to several high-profile news agencies that they stole over 1 petabyte (PB) of data from Telus & Telus Digital. The group demanded a staggering $65 million dollar ransom in exchange for not leaking the company's data. The stolen data according to multiple prominent media outlets like Reuters and Bloomberg included information related to more than two dozen companies that included personally identifiable information, call data and recordings (CDRs), FBI background check information, financial information, Salesforce data, and source code spanning multiple business divisions within the business services and telecommunications company. The stolen data also reportedly impacts Telus' telecommunication services; customers and call logs.
Reception
In October 2008, Telus was named one of British Columbia's Top Employers by Mediacorp Canada Inc., which was announced by The Vancouver Sun, The Province and the Victoria Times-Colonist.
The company has been accused of taking actions to hinder the emergence of competition in Canadian telecommunications. This, along with other industry concerns, has led to consumer and industry pressure to reform the regulatory system governing the Canadian telecommunications industry.
Marketing
Sponsorship
Telus currently sponsors the Telus Spark Science Centre in Calgary, Telus World of Science in Edmonton and Science World in Vancouver. Telus funds the annual Kokanee Crankworx freeride mountain bike and World Ski & Snowboard festivals, both held in Whistler, British Columbia.
Telus was a sponsor and marketing partner of Hockey Canada since 2004 and the title sponsor of Canada's national midget hockey championship, the Telus Cup, since 2005. Telus has been a sponsor of Rogers Sportsnet's regional broadcasts of Calgary Flames and Edmonton Oilers games. Telus has been the title sponsor of the Telus Skins Game in addition to several tournaments on the Canadian Tour, including the Telus Open, Telus Calgary Openn, Telus Edmonton Open and the Telus Vancouver Open.
Telus is the namesake tenant in several office buildings, including The Telus Convention Centre and Telus Sky in Calgary, Tour Telus in Montreal, Telus House in Edmonton, Telus Garden in Vancouver, the currently under construction Telus Ocean in Victoria, and Telus Harbour in Toronto.
Beginning in 2014, Telus began sponsoring Canada's largest nationwide technology education event: The HTML500.
In November 2017, Telus announced it would take over as title sponsor for the Vancouver Santa Claus Parade, saving the parade from being cancelled.
Telus is also the sponsor for the PEPS multifunctional stadium of Université Laval, in Quebec City. This 12,750-seat stadium is the home of the Laval Rouge et Or U Sports football team.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | TU | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | 18.35Y avg ≈21.1 | ≈21.1 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | TU | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin | 11.5%5Y avg ≈14.2% | ≈14.2% | · | · | |
| EBITDA Margin | 11.5%5Y avg ≈14.2% | ≈14.2% | · | · | |
| Pretax Margin | 5.9%5Y avg ≈8.6% | ≈8.6% | · | · | |
| Net Profit Margin | 5.4%5Y avg ≈6.6% | ≈6.6% | · | · | |
| ROA | 1.9%5Y avg ≈2.4% | ≈2.4% | · | · | |
| ROE | 7.1%5Y avg ≈8.2% | ≈8.2% | · | · | |
| ROIC | 9.7%5Y avg ≈12.7% | ≈12.7% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | TU | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio | 0.95Y avg ≈0.7 | ≈0.7 | · | · | |
| Quick Ratio | 0.75Y avg ≈0.5 | ≈0.5 | · | · | |
| Interest Coverage | 1.95Y avg ≈2.8 | ≈2.8 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | TU | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.35Y avg ≈0.4 | ≈0.4 | · | · | |
| Receivables Turnover | 5.55Y avg ≈6.0 | ≈6.0 | · | · | |
| Revenue / Employee | ≈$183.9K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 10, 2026 | $0.14 | USD | ≈8.2% |
| Jun 10, 2026 | $0.30 | USD | ≈5.1% |
| Mar 11, 2026 | $0.31 | USD | ≈2.3% |
| Jun 10, 2025 | $0.30 | USD | ≈7.2% |
| Mar 11, 2025 | $0.28 | USD | ≈7.4% |
| Dec 11, 2024 | $0.28 | USD | ≈7.5% |
| Sep 10, 2024 | $0.29 | USD | ≈6.8% |
| Jun 10, 2024 | $0.28 | USD | ≈6.9% |
| Mar 8, 2024 | $0.28 | USD | ≈6.3% |
| Dec 8, 2023 | $0.28 | USD | ≈5.8% |
| Sep 7, 2023 | $0.27 | USD | ≈6.3% |
| Jun 8, 2023 | $0.27 | USD | ≈5.5% |
| Mar 9, 2023 | $0.26 | USD | ≈5.4% |
| Dec 8, 2022 | $0.26 | USD | ≈5.0% |
| Sep 8, 2022 | $0.26 | USD | ≈4.7% |
| Jun 9, 2022 | $0.27 | USD | ≈4.3% |
| Mar 10, 2022 | $0.26 | USD | ≈3.9% |
| Dec 9, 2021 | $0.26 | USD | ≈4.4% |
| Sep 9, 2021 | $0.25 | USD | ≈4.3% |
| Jun 9, 2021 | $0.26 | USD | ≈4.3% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | $0.16 | $0.21 | -22.6% | |
| March 31, 2026 | $0.23 | $0.22 | 3.2% | |
| Dec. 31, 2025 | $0.20 | $0.25 | -20.8% | |
| Sept. 30, 2025 | $0.24 | $0.27 | -9.6% | |
| June 30, 2025 | $0.22 | $0.24 | -6.9% | |
| March 31, 2025 | $0.26 | $0.23 | 15.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.51B | $20.39B | $20.12B | $18.41B | $17.26B | $15.46B | $14.66B | $14.37B | $13.41B | $12.80B | |
| Cost of Revenue | $2.40B | $2.50B | $2.40B | $2.30B | $2.20B | $2.00B | $2.10B | $2.10B | $1.98B | $1.84B | |
| Operating Income | $2.36B | $2.80B | $2.36B | $2.95B | $3.07B | $2.48B | $2.98B | $2.84B | $2.74B | $2.18B | |
| Interest Expense | $1.21B | $1.61B | $1.30B | $649M | $812M | $778M | $740M | $670M | $580M | $523M | |
| Interest Income | $53M | $33M | $23M | $17M | $16M | $7M | $7M | $9M | $7M | $3M | |
| Pretax Income | $1.20B | $1.23B | $1.09B | $2.32B | $2.28B | $1.71B | $2.24B | $2.18B | $2.17B | $1.66B | |
| Income Tax | $425M | $290M | $222M | $604M | $580M | $451M | $468M | $552M | $590M | $426M | |
| Net Income | $1.11B | $993M | $841M | $1.61B | $1.66B | $1.21B | $1.75B | $1.60B | $1.56B | $1.22B | |
| EPS (Basic) | $0.73 | $0.67 | $0.58 | $1.16 | $1.23 | $0.95 | $1.45 | $2.68 | $2.63 | $2.06 | |
| EPS (Diluted) | $0.72 | $0.67 | $0.58 | $1.15 | $1.22 | $0.94 | $1.45 | $2.68 | $2.63 | $2.06 | |
| Shares (Basic) | 1,531,000,000 | 1,488,000,000 | 1,451,000,000 | 1,396,000,000 | 1,346,000,000 | 1,275,000,000 | 1,204,000,000 | 597,000,000 | 593,000,000 | 592,000,000 | |
| Shares (Diluted) | 1,535,000,000 | 1,493,000,000 | 1,457,000,000 | 1,403,000,000 | 1,351,000,000 | 1,278,000,000 | 1,204,000,000 | 597,000,000 | 593,000,000 | 593,000,000 | |
| EBITDA | $2.36B | $2.80B | $2.36B | $2.95B | $3.07B | $2.48B | $2.98B | $2.84B | $2.60B | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.62B | $869M | $864M | $974M | $723M | $848M | $535M | $414M | $509M | $432M | |
| Receivables | $3.80B | $3.69B | $3.60B | $3.32B | $2.67B | $2.35B | $1.96B | $1.60B | $1.61B | $1.47B | |
| Current Assets | $8.37B | $6.63B | $6.31B | $6.09B | $5.03B | $4.68B | $4.35B | $3.84B | $3.87B | $2.47B | |
| PP&E (Net) | · | · | · | $17.08B | $15.93B | $15.01B | $14.23B | $12.09B | $11.37B | $10.46B | |
| Goodwill | $10.46B | $10.56B | $10.06B | $9.13B | $7.27B | $7.16B | $5.31B | $4.75B | $4.24B | $3.79B | |
| Intangibles | $20.33B | $20.59B | $19.72B | $19.24B | $17.48B | $15.05B | $12.85B | $10.93B | $10.66B | $10.36B | |
| Total Assets | $59.61B | $58.03B | $56.14B | $54.07B | $47.98B | $43.27B | $37.98B | $33.06B | $31.05B | $27.73B | |
| Accounts Payable | $3.49B | $3.63B | $3.39B | $3.95B | $3.71B | $2.97B | $2.75B | $2.57B | $2.46B | $2.33B | |
| Current Liabilities | $9.69B | $9.84B | $9.48B | $8.29B | $8.27B | $5.91B | $5.57B | $4.84B | $5.04B | $4.95B | |
| Total Liabilities | $43.03B | $41.23B | $38.83B | $36.41B | $31.92B | $30.70B | $27.33B | $22.72B | $21.59B | $19.79B | |
| Stockholders' Equity | $15.78B | $15.62B | $16.11B | $16.57B | $15.12B | $12.04B | $10.55B | $10.26B | $9.42B | $7.92B |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.87B | $4.85B | $4.50B | $4.81B | $4.39B | $4.57B | $3.93B | $4.06B | $3.95B | $3.22B | |
| CapEx | $2.73B | $2.64B | $2.62B | $3.29B | $3.19B | $2.67B | $2.77B | $2.38B | $2.49B | $2.36B | |
| Investing Cash Flow | $-3.04B | $-3.70B | $-4.75B | $-5.41B | $-5.47B | $-6.17B | $-5.04B | $-2.98B | $-3.64B | $-2.92B | |
| Dividends Paid | · | $1.56B | $1.31B | $1.19B | $1.04B | $930M | $1.15B | $1.14B | $1.08B | $1.07B | |
| Financing Cash Flow | $-74M | $-1.14B | $139M | $848M | $953M | $1.90B | $1.24B | $-1.18B | $-227M | $-87M | |
| Free Cash Flow | $2.14B | $2.21B | $1.88B | $1.52B | $1.20B | $1.90B | $1.16B | $1.68B | $1.46B | · | |
| Levered FCF | $1.35B | $979M | $845M | $1.04B | $595M | $1.33B | $569M | $1.17B | $1.04B | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 11.5% | 13.8% | 11.7% | 16.0% | 17.8% | 16.1% | 20.3% | 19.8% | 19.6% | · | |
| Net Margin | 5.4% | 4.9% | 4.2% | 8.8% | 9.6% | 7.8% | 11.9% | 11.1% | 11.0% | · | |
| Pretax Margin | 5.9% | 6.0% | 5.4% | 12.6% | 13.2% | 11.1% | 15.3% | 15.1% | 15.3% | · | |
| EBITDA Margin | 11.5% | 13.8% | 11.7% | 16.0% | 17.8% | 16.1% | 20.3% | 19.8% | 19.6% | · | |
| ROA | 1.9% | 1.7% | 1.5% | 3.2% | 3.6% | 3.0% | 4.9% | 5.0% | 5.0% | · | |
| ROE | 7.1% | 6.3% | 5.1% | 10.2% | 12.2% | 10.7% | 16.8% | 16.3% | 16.9% | · | |
| ROIC | 9.7% | 13.7% | 11.7% | 13.2% | 15.2% | 15.1% | 22.3% | 20.6% | 23.1% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | 0.7 | 0.7 | 0.7 | 0.6 | 0.8 | 0.8 | 0.8 | 0.6 | · | |
| Quick Ratio | 0.7 | 0.5 | 0.5 | 0.5 | 0.4 | 0.5 | 0.4 | 0.4 | 0.4 | · | |
| Interest Coverage | 1.9 | 1.7 | 1.8 | 4.6 | 3.8 | 3.2 | 4.0 | 4.2 | 4.5 | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | · | |
| Receivables Turnover | 5.5 | 5.6 | 5.8 | 6.2 | 6.9 | 7.2 | 8.2 | 8.9 | 8.6 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $13.36 | $13.65 | $13.81 | $13.12 | $12.77 | $12.10 | $24.35 | $24.07 | $22.44 | · | |
| Cash Flow / Share | $3.17 | $3.25 | $3.09 | $3.43 | $3.25 | $3.58 | $6.52 | $6.80 | $6.66 | · | |
| EPS (TTM) | $0.72 | $0.67 | $0.58 | $1.15 | $1.22 | $0.94 | $1.45 | $2.68 | $2.63 | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $20.51B | $20.39B | $20.12B | $18.41B | $17.26B | $15.46B | $14.66B | $14.37B | $13.41B | · | |
| Net Income TTM | $1.11B | $993M | $841M | $1.61B | $1.66B | $1.21B | $1.75B | $1.60B | $1.56B | · | |
| P/E | 18.3 | 20.2 | 30.7 | 16.8 | 19.3 | 21.1 | 13.4 | 6.2 | 7.2 | · | |
| Earnings Yield | 5.5% | 4.9% | 3.3% | 6.0% | 5.2% | 4.8% | 7.5% | 16.2% | 13.9% | · | |
| Payout Ratio | · | 157.3% | 156.4% | 73.6% | 63.1% | 77.0% | 65.8% | 71.3% | 74.1% | · | |
| Annual Payout | · | $1.56B | $1.31B | $1.19B | $1.04B | $930M | $1.15B | $1.14B | $1.08B | · |
Per Share
| Metric | Trend | Q4 2019 | Q4 2016 | Q4 2015 | Q4 2014 | Q4 2013 | Q4 2012 | Q4 2011 | Q4 2010 | Q4 2009 | Q4 2008 | Q4 2007 | Q4 2006 | Q4 2005 | Q4 2004 | Q4 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EPS (TTM) | $1.45 | $2.06 | · | · | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | Q4 2019 | Q4 2016 | Q4 2015 | Q4 2014 | Q4 2013 | Q4 2012 | Q4 2011 | Q4 2010 | Q4 2009 | Q4 2008 | Q4 2007 | Q4 2006 | Q4 2005 | Q4 2004 | Q4 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $14.66B | $12.80B | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income TTM | $1.75B | $1.22B | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| P/E | 13.4 | 7.7 | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 7.5% | 12.9% | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Annual Payout | $1.15B | $1.07B | · | · | · | · | · | · | · | · | · | · | · | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $20.51B | $20.39B | $20.12B | $18.41B | $17.26B |
| Operating Margin % | 11.5% | 13.8% | 11.7% | 16.0% | 17.8% |
| Net Income | $1.11B | $993M | $841M | $1.61B | $1.66B |
| Diluted EPS | $0.72 | $0.67 | $0.58 | $1.15 | $1.22 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 0.9 | 0.7 | 0.7 | 0.7 | 0.6 |
| Quick Ratio | 0.7 | 0.5 | 0.5 | 0.5 | 0.4 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $2.14B | $2.21B | $1.88B | $1.52B | $1.20B |
Institutional owners (13F) 326 filers · $8.4B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 43 (-2 vs prior Q) | 38 (-10 vs prior Q) | 112 (+3 vs prior Q) | 90 (-7 vs prior Q) | -25.4M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| ROYAL BANK OF CANADA | $1,154,780,000 | 109,250,632 | 13.70% | Shares |
| BANK OF MONTREAL /CAN/ | $635,001,725 | 60,099,611 | 7.53% | Shares |
| CIBC WORLD MARKET INC. | $494,851,046 | 46,829,404 | 5.87% | Shares |
| MACKENZIE FINANCIAL CORP | $445,795,485 | 29,719,699 | 5.29% | Shares |
| VANGUARD GROUP INC | $388,415,207 | 29,470,046 | 4.61% | Shares |
| FIL Ltd | $336,851,867 | 31,849,344 | 4.00% | Shares |
| NATIONAL BANK OF CANADA /FI/ | $304,265,369 | 28,782,793 | 3.61% | Shares |
| TD Asset Management Inc | $289,001,381 | 27,334,714 | 3.43% | Shares |
| ROYAL BANK OF CANADA | $275,400,000 | 26,054,800 | 3.27% | Put option |
| BANK OF NOVA SCOTIA | $255,177,599 | 24,128,736 | 3.03% | Shares |
| Federation des caisses Desjardins du Quebec | $208,782,649 | 19,779,069 | 2.48% | Shares |
| MORGAN STANLEY | $163,821,650 | 15,498,736 | 1.94% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $155,454,276 | 14,698,778 | 1.84% | Shares |
| CIBC Asset Management Inc | $155,337,466 | 14,676,314 | 1.84% | Shares |
| TD Waterhouse Canada Inc. | $151,638,280 | 14,385,284 | 1.80% | Shares |
| Fiera Capital Corp | $149,900,062 | 14,181,652 | 1.78% | Shares |
| SCOTIA CAPITAL INC. | $139,801,257 | 13,219,169 | 1.66% | Shares |
| FIRST TRUST ADVISORS LP | $131,655,506 | 12,454,284 | 1.56% | Shares |
| Vanguard Global Advisers, LLC | $125,800,494 | 11,894,903 | 1.49% | Shares |
| SIG North Trading, ULC | $109,249,406 | 10,335,800 | 1.30% | Put option |
| LETKO, BROSSEAU & ASSOCIATES INC | $108,055,538 | 10,220,253 | 1.28% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $100,491,674 | 9,520,314 | 1.19% | Shares |
| TORONTO DOMINION BANK | $88,007,658 | 8,329,722 | 1.04% | Shares |
| TWO SIGMA INVESTMENTS, LP | $86,334,449 | 8,167,876 | 1.02% | Shares |
| 1832 Asset Management L.P. | $85,000,462 | 8,041,671 | 1.01% | Shares |
| JANUS HENDERSON GROUP PLC | $82,872,222 | 6,470,019 | 0.98% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $81,310,278 | 7,025,090 | 0.96% | Shares |
| BANK OF AMERICA CORP /DE/ | $75,057,668 | 7,101,009 | 0.89% | Shares |
| SIG North Trading, ULC | $70,053,056 | 6,627,536 | 0.83% | Shares |
| NORGES BANK | $69,149,610 | 6,544,651 | 0.82% | Shares |
| BARCLAYS PLC | $63,009,480 | 5,961,162 | 0.75% | Shares |
| CITADEL ADVISORS LLC | $62,045,001 | 5,869,915 | 0.74% | Shares |
| Clearbridge Investments, LLC | $61,777,440 | 5,844,602 | 0.73% | Shares |
| JPMORGAN CHASE & CO | $52,719,994 | 4,886,005 | 0.63% | Shares |
| Quadrature Capital Ltd | $51,579,912 | 4,878,600 | 0.61% | Shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | $50,980,040 | 4,821,225 | 0.60% | Shares |
| INTACT INVESTMENT MANAGEMENT INC. | $49,156,661 | 4,648,090 | 0.58% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $48,831,010 | 4,617,153 | 0.58% | Shares |
| ROYAL BANK OF CANADA | $48,200,000 | 4,560,100 | 0.57% | Call option |
| D. E. Shaw & Co., Inc. | $45,088,751 | 4,267,500 | 0.53% | Call option |
| Scheer, Rowlett & Associates Investment Management Ltd. | $42,760,723 | 3,993,829 | 0.51% | Shares |
| SIG North Trading, ULC | $42,138,362 | 3,986,600 | 0.50% | Call option |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $41,544,643 | 3,931,608 | 0.49% | Shares |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | $39,997,500 | 2,666,500 | 0.47% | Shares |
| Invesco Ltd. | $38,767,926 | 3,667,732 | 0.46% | Shares |
| TORONTO DOMINION BANK | $34,690,759 | 3,283,300 | 0.41% | Put option |
| D. E. Shaw & Co., Inc. | $32,251,532 | 3,052,500 | 0.38% | Put option |
| UBS Group AG | $31,288,891 | 2,960,160 | 0.37% | Shares |
| GOLDMAN SACHS GROUP INC | $30,816,922 | 2,915,508 | 0.37% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $27,042,481 | 2,557,768 | 0.32% | Shares |
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| TELUS CORP ×3 filings | Oct. 31, 2025 | 100.00% | Amendment | · | SEC |
| TELUS Corporation ×3 filings | Sept. 26, 2024 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 19 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PID · Invesco Exchange-Traded Fund Trust | 3.62% | 3,710,234 SH | Oct. 2, 2026 | Daily |
| TDVI · First Trust Exchange-Traded Fund IV | 1.70% | 932,010 NS | July 31, 2026 | N-PORT |
| GYLD · ARROW ETF TRUST | 0.76% | 29,526 NS | July 31, 2026 | N-PORT |
| QLVD · FlexShares Trust | 0.28% | 16,096 NS | July 31, 2026 | N-PORT |
| BBCA · J.P. Morgan Exchange-Traded Fund Tr… | 0.16% | 1,847,021 NS | July 31, 2026 | N-PORT |
| IQDF · FlexShares Trust | 0.16% | 191,730 NS | July 31, 2026 | N-PORT |
| IQDY · FlexShares Trust | 0.15% | 17,862 NS | July 31, 2026 | N-PORT |
| FEDM · FlexShares Trust | 0.09% | 7,840 NS | July 31, 2026 | N-PORT |
| JFLI · J.P. Morgan Exchange-Traded Fund Tr… | 0.07% | 3,501 NS | July 31, 2026 | N-PORT |
| BKIE · BNY Mellon ETF Trust | 0.06% | 79,459 NS | July 31, 2026 | N-PORT |
| ESGG · FlexShares Trust | 0.04% | 4,674 NS | July 31, 2026 | N-PORT |
| TLTD · FlexShares Trust | 0.03% | 17,919 NS | July 31, 2026 | N-PORT |
| PTIN · Pacer Funds Trust | 0.02% | 3,925 NS | July 31, 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0.02% | 96 NS | July 31, 2026 | N-PORT |
| DFAX · Dimensional ETF Trust | 0.01% | 65,835 NS | July 31, 2026 | N-PORT |
| DFIS · Dimensional ETF Trust | 0.00% | 2,319 NS | July 31, 2026 | N-PORT |
| DFIC · Dimensional ETF Trust | 0.00% | 2,737 NS | July 31, 2026 | N-PORT |
| DFAI · Dimensional ETF Trust | 0.00% | 763 NS | July 31, 2026 | N-PORT |
| FTLS · First Trust Exchange-Traded Fund III | -0.04% | -113,820 NS | July 31, 2026 | N-PORT |
TU Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
3 analysts · 2026-09-30Mean target $10.33 +28.5%
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