Rogers Communications
Connects Canadians through wireless and cable networks while owning sports, broadcasting, and entertainment assets.
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Profile
Sells mobile, internet, television, voice, and business connectivity through Wireless and Cable, while Media combines broadcasting, digital properties, sports networks, teams, venues, and advertising. Operations and sales are almost entirely Canadian, with national communications infrastructure supporting a vertically connected sports-and-media portfolio.
Provides mobile service under Rogers, Fido, and chatr, alongside residential and business internet, television, voice, smart-home, fibre, and enterprise connectivity. Wireless and Cable form the communications base, while Media spans broadcasting, digital properties, sports networks, teams, venues, and advertising.
Operates almost entirely in Canada. The Shaw combination expanded the Western Canadian cable footprint, while early launches in cellular, broadband, LTE, and 5G show a record of building and extending communications infrastructure.
Links distribution with Sportsnet, the Toronto Blue Jays, Rogers Centre, and majority ownership of Maple Leaf Sports & Entertainment. Execution depends on network reliability, Canadian spectrum and broadcast regulation, telecom competition, and a family-controlled voting structure.
Company facts
Key statistics
Year to date −3.5% · Average volume (30d) 1.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 16, 2026 | Barclays | Reiterate | Equal Weight | $37 | $36 | |
| Jul 15, 2026 | Raymond James | Initiate | Outperform | |||
| Jan 27, 2026 | Barclays | Target | $46 | $37 | ||
| Jan 21, 2025 | Barclays | Downgrade | Overweight | Equal Weight | ||
| Jan 14, 2025 | B of A Securities | Downgrade | Buy | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $0.80 | $0.83 | +3.7% | $3.91B | $3.95B | +1.1% | −0.85% |
| Apr 22, 2026Q1 FY26 | $0.73 | $0.74 | +1.4% | $3.91B | $3.94B | +0.8% | −0.35% |
| Jan 29, 2026Q4 FY25 | $0.98 | $1.08 | +10.2% | $4.38B | $4.49B | +2.6% | −1.97% |
| Oct 23, 2025Q3 FY25 | $0.92 | $0.99 | +7.6% | $5.94B | $3.83B | −35.5% | +1.86% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.58B | $3.75B | $3.85B | $4.44B | $3.94B | $4.04B | |
| Gross profit | $1.62B | $1.70B | $1.81B | $1.93B | $1.70B | $898.1M | |
| Operating income | $782.6M | $847.4M | $924.4M | $1.06B | $822.2M | $898.1M | |
| Net income | $201.4M | $112.9M | $4.14B | $505.7M | $315.1M | −$522.5M | |
| Diluted EPS | $0.37 | $0.21 | $7.64 | $1.35 | $0.58 | −$0.97 | |
| Gross margin | 45.3% | 45.3% | 47.0% | 43.6% | 43.1% | 22.2% | |
| Operating margin | 21.9% | 22.6% | 24.0% | 23.8% | 20.9% | 22.2% |
Fiscal years (4-quarter sums)FY21 $8.38B · FY22 $8.40B · FY23 $12.28B · FY24 $14.82B · FY25 $15.62B
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $1.24B · Total debt $32.89B · Total assets $64.99B · Shareholders' equity $11.92B
Dividends
Last cut to $0.3582 from $0.3686 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 9, 2026 | Jun 9 | Jul 6 | $0.3582 | cut from $0.3686 |
| Mar 10, 2026 | Mar 10 | Apr 2 | $0.3686 | raised from $0.3611 |
| Dec 8, 2025 | Dec 8 | Jan 2 | $0.3611 | cut from $0.3621 |
| Sep 8, 2025 | Sep 8 | Oct 3 | $0.3621 | cut from $0.3656 |
| Jun 9, 2025 | Jun 9 | Jul 3 | $0.3656 | raised from $0.3465 |
| Mar 10, 2025 | Mar 10 | Apr 2 | $0.3465 | cut from $0.3543 |
| Dec 9, 2024 | Dec 9 | Jan 3 | $0.3543 | cut from $0.3687 |
| Sep 9, 2024 | Sep 9 | Oct 3 | $0.3687 | raised from $0.3633 |
Ownership
Shares outstanding 540.23M · Float 480.76M · 89.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Royal Bank of Canada | 30.71M | 5.68% | 13F | Aug 14, 2026 |
| Bank of Montreal /Can/ | 24.59M | 4.55% | 13F | Aug 12, 2026 |
| FIL Ltd | 19.22M | 3.56% | 13F | Aug 13, 2026 |
| CIBC World Market Inc. | 12.43M | 2.30% | 13F | Aug 13, 2026 |
| National Bank of Canada /FI/ | 10.26M | 1.90% | 13F | Aug 10, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- BCE
National rival across wireless, fibre, TV, enterprise, and media
- TELUS
National rival in wireless, Internet, TV, phone, and enterprise
