Telus's core Canadian telecom operations generate stable operating cash flow (averaging $1.2B quarterly), but the company is navigating a maturing market with revenue growth decelerating to -2.2% in 2026Q2 and operating margins swinging from 15.0% to 3.5% with...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has stalled, declining 2.2% year-over-year in 2026Q2, while operating margins remain volatile, swinging from 15.0% in 2025Q1 to 3.5% in 2025Q2 and recovering to 14.9% in 2026Q2, with a net loss of $1.8B in the latest quarter obscuring underlying earnings power.
Telus has demonstrated robust customer growth in both mobile and fixed services, indicating strong demand for its offerings. This momentum is expected to continue, supporting revenue growth.
The company has achieved record free cash flow, which is crucial for funding dividends, reducing debt, and investing in growth initiatives. This financial strength positions Telus well for future expansion.
Telus offers a strong dividend yield, appealing to income-seeking investors. Some analyses suggest it is an 'oversold dividend play', making it an attractive option for those looking for reliable income.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 31, 2026 | $0.12-15.0% vs $0.14 | $3.5B-2.4% vs $3.6B |
Q2 2026 May 8, 2026 | $0.17+8.7% vs $0.16 | $3.6B-1.0% vs $3.6B |
Q1 2026 Feb 12, 2026 | $0.15-16.7% vs $0.18 | $3.8B-2.4% vs $3.9B |
Q4 2025 Nov 7, 2025 | $0.17-10.5% vs $0.19 | $3.7B-1.2% vs $3.7B |
TELUS stock remains in a strong freefall this year, and is hovering at its lowest level since April 2017. It has dropped from the record high of $25.6, which it reached in April 2022, to the current $12.6.
TELUS Digital's proprietary Fuel iX™ suite of AI products, global delivery footprint and outcome-based commercial models recognized as differentiators in AI-enabled CX transformation VANCOUVER, BC, Sept. 16, 2026 /PRNewswire/ -- TELUS Digital, a global technology service provider specializing in AI-powered digital customer experiences (CX) and future-focused digital transformations, has been named a Leader in the Everest Group Customer Experience Management (CXM) Services PEAK Matrix® Assessment 2026 – Americas, for the eighth consecutive year.
/PRNewswire/ -- TELUS Digital, a Salesforce Summit Level implementation partner, will host a series of exclusive events, content sessions and Agentforce demos
Deutsche Bank AG bought a new position in shares of TELUS Corporation (NYSE: TU) (TSE: T) during the undefined quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,330,621 shares of the Wireless communications provider's stock, valued at approximately $14,065,000. Deutsche Bank AG owned
Benchmark TU against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Telus Corp (TU)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $8.58 | $13.5B | 16.72 | 1.82% | 5.43% | 6.67% | 8.81% | |
| $21.70 | $20.24B | 4.49 | 0.24% | 25.25% | 26.65% | — | |
| $25.12 | $172.13B | 8.26 | 2.71% | 16.89% | 16.82% | — | |
| $46.45 | $193.95B | 11.44 | 2.52% | 11.64% | 15.33% | — | |
| $162.41 | $174.21B | 16.71 | 8.49% | 11.45% | 18.22% | — | |
| $23.85 | $8.03B | -17.41 | 21.89% | -30.95% | -23.16% | — |
Telus Corp (TU) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Telus Corp (TU) stock FAQ — growth, dividends, profitability & financials explained
Telus Corp (TU) reported $20.37B in revenue for fiscal year 2025. This represents a 321% increase from $4.84B in 1998.
Telus Corp (TU) grew revenue by 1.8% over the past year. Growth has been modest.
Telus Corp (TU) reported a net loss of $919.0M for fiscal year 2025.
Yes, Telus Corp (TU) pays a dividend with a yield of 8.81%. This makes it attractive for income-focused investors.
Telus Corp (TU) has a return on equity (ROE) of 6.7%. This is below average, suggesting room for improvement.
Telus Corp (TU) generated $2.02B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Telus Corp (TU) has a dividend payout ratio of 146%. The high payout ratio may limit dividend growth.
