TELUS
Connects Canadian households and businesses while operating global health and digital customer-experience platforms.
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Profile
Sells mobile, internet, television, security and business connectivity, plus health-and-well-being services and digital customer-experience tools. Canadian networks anchor the group, while TELUS Health and TELUS Digital extend the portfolio internationally.
Provides mobile, internet, television, security and business connectivity through TELUS technology solutions, alongside health-and-well-being services through TELUS Health and digital customer-experience, trust-and-safety and AI-data services through TELUS Digital.
Canadian wireless and fibre networks anchor the group, while health and digital operations extend its reach internationally. Product bundling, network investment and acquisitions have built the current three-segment portfolio.
Execution depends on reliable networks, spectrum access and sustained capital investment. Communications pricing and regulation shape the core Canadian business; health rules, cloud providers, cybersecurity controls, international compliance and acquisition integration shape the newer global platforms.
Company facts
Categories
Key statistics
Year to date −26.2% · Average volume (30d) 7.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 4, 2026 | Desjardins | Downgrade | Hold | |||
| Aug 4, 2026 | Barclays | Reiterate | Equal Weight | $12 | $11 | |
| Aug 4, 2026 | RBC Capital | Downgrade | Outperform | Sector Perform | ||
| Aug 3, 2026 | National Bank | Downgrade | Outperform | Sector Perform | ||
| Jul 31, 2026 | CIBC | Downgrade | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 31, 2026Q2 FY26 | $0.16 | $0.12 | −25.0% | $3.55B | $3.47B | −2.4% | −11.23% |
| May 8, 2026Q1 FY26 | $0.16 | $0.17 | +8.7% | $3.64B | $3.60B | −1.0% | −1.33% |
| Feb 12, 2026Q4 FY25 | $0.18 | $0.15 | −16.7% | $3.93B | $3.83B | −2.4% | −3.23% |
| Nov 7, 2025Q3 FY25 | $0.19 | $0.17 | −10.5% | $3.85B | $3.63B | −5.6% | −0.20% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.61B | $3.62B | $3.64B | $3.76B | $3.59B | $3.54B | |
| Gross profit | $1.29B | $1.26B | $2.25B | $2.28B | $592.7M | $528.0M | |
| Operating income | $540.9M | $125.9M | $533.8M | $499.2M | $592.7M | $528.0M | |
| Net income | $230.9M | $5.0M | $354.6M | $210.0M | $97.8M | −$1.32B | |
| Diluted EPS | $0.15 | $0.00 | $0.23 | $0.14 | $0.06 | −$0.84 | |
| Gross margin | 35.9% | 34.9% | 61.7% | 60.6% | 16.5% | 14.9% | |
| Operating margin | 15.0% | 3.5% | 14.6% | 13.3% | 16.5% | 14.9% |
Fiscal years (4-quarter sums)FY21 $12.11B · FY22 $13.16B · FY23 $14.39B · FY24 $14.49B · FY25 $14.64B
Balance sheet, Jun 30, 2026Cash & short-term investments $997.7M · Total debt $22.63B · Total assets $40.87B · Shareholders' equity $9.55B
Dividends
Raised for 5 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 10, 2026 | Jun 10 | Jul 2 | $0.3004 | cut from $0.3076 |
| Mar 11, 2026 | Mar 11 | Apr 1 | $0.3076 | raised from $0.3037 |
| Dec 11, 2025 | Dec 11 | Jan 2 | $0.3037 | raised from $0.3007 |
| Sep 10, 2025 | Sep 10 | Oct 1 | $0.3007 | cut from $0.3042 |
| Jun 10, 2025 | Jun 10 | Jul 2 | $0.3042 | raised from $0.2782 |
| Mar 11, 2025 | Mar 11 | Apr 1 | $0.2782 | cut from $0.2845 |
| Dec 11, 2024 | Dec 11 | Jan 2 | $0.2845 | cut from $0.286 |
| Sep 10, 2024 | Sep 10 | Oct 1 | $0.286 | raised from $0.2829 |
Ownership
Shares outstanding 1.56B · Float —
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Royal Bank of Canada | 109.25M | 7.00% | 13F | Aug 14, 2026 |
| Bank of Montreal /Can/ | 60.10M | 3.85% | 13F | Aug 12, 2026 |
| CIBC World Market Inc. | 46.83M | 3.00% | 13F | Aug 13, 2026 |
| FIL Ltd | 31.85M | 2.04% | 13F | Aug 13, 2026 |
| Mackenzie Financial Corp | 29.72M | 1.90% | 13F | Aug 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Rogers Communications
Direct Canadian rival across wireless, broadband, TV and business networks
- BCE
National mobile, fibre, TV and enterprise-network incumbent
- Concentrix
Global rival in customer experience, digital operations and AI services
- Accenture
Scaled competitor in digital transformation, CX and AI-led services
- Willis Towers Watson
Global competitor in benefits, retirement and employee well-being
- Alight
Benefits-administration platform spanning health, wealth and well-being
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TELUS | $9.75 | +0.72% | $15.10B | — | 25.6 | 1.0 | −6.0% |
| Rogers Communications | $36.69 | +0.25% | $19.77B | 4.3 | 14.7 | 1.2 | +3.3% |
| BCE | $23.26 | −0.81% | $21.88B | 4.8 | 13.9 | 1.2 | −2.7% |
| Concentrix | $29.18 | −0.79% | $1.79B | — | 2.6 | 0.2 | +1.9% |
| Accenture | $189.20 | −0.17% | $116.03B | 15.1 | 13.2 | 1.6 | +5.6% |
| Willis Towers Watson | $342.03 | −0.49% | $31.92B | 21.1 | 16.4 | 3.2 | +9.1% |
| Alight | $14.02 | −0.28% | $369.3M | — | 3.1 | 0.2 | −3.2% |
| Median | 10.0 | 13.6 | 1.2 | +2.6% |