TELUS Corporation (TU) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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TU Revenue Growth
Revenue Breakdown
TU's revenue distribution by segment and geography
By Geography
TU Revenue Analysis (2014–2025)
As of May 7, 2026, TELUS Corporation (TU) generated trailing twelve-month (TTM) revenue of $20.51 billion, reflecting modest growth of +1.1% year-over-year. The most recent quarter (Q4 2025) recorded $5.39 billion in revenue, up 6.4% sequentially.
Looking at the longer-term picture, TU's 5-year compound annual growth rate (CAGR) stands at +6.0%, indicating steady revenue expansion. The company achieved its highest annual revenue of $20.51 billion in 2025, representing a new all-time high.
When compared to Communication Services sector peers including BCE (+0.2% YoY), T (+2.9% YoY), and VZ (+2.5% YoY), TU has underperformed the peer group in terms of revenue growth. Compare TU vs BCE →
TU Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TUCurrent | $20.5B | +1.1% | +6.0% | 11.5% | |
 BCE | $24.4B | +0.2% | +1.3% | 22.2% | |
 T | $125.6B | +2.9% | -6.1% | 19.2% | |
 VZ | $138.2B | +2.5% | +1.5% | 21.2% | |
 TMUS | $88.3B | +9.5% | +5.2% | 21.2% | |
 S | $1.0B | +21.9% | +60.8% | -32.1% |
TU Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $20.51B | +1.8% | $6.92B | 33.8% | $2.36B | 11.5% |
| 2024 | $20.14B | +0.7% | $12.50B | 62.1% | $2.80B | 13.9% |
| 2023 | $20.00B | +9.4% | $12.47B | 62.3% | $2.36B | 11.8% |
| 2022 | $18.29B | +8.6% | $11.19B | 61.1% | $2.95B | 16.1% |
| 2021 | $16.84B | +9.8% | $10.14B | 60.2% | $3.07B | 18.3% |
| 2020 | $15.34B | +5.2% | $9.07B | 59.1% | $2.48B | 16.2% |
| 2019 | $14.59B | +3.5% | $8.52B | 58.4% | $2.98B | 20.4% |
| 2018 | $14.10B | +6.8% | $7.73B | 54.8% | $2.84B | 20.1% |
| 2017 | $13.20B | +3.7% | $7.27B | 55.0% | $2.60B | 19.7% |
| 2016 | $12.72B | +2.4% | $7.09B | 55.7% | $2.18B | 17.1% |
Full TU Stock Analysis
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Start ComparisonTU — Frequently Asked Questions
Quick answers to the most common questions about buying TU stock.
Is TU's revenue growth accelerating or slowing?
TU revenue growth slowed to +1.1%, below the 5-year CAGR of +6.0%. TTM revenue is $20.5B. The deceleration marks a shift from historical growth rates.
What is TU's long-term revenue growth rate?
TELUS Corporation's 5-year revenue CAGR of +6.0% reflects the variable expansion pattern. Current YoY growth of +1.1% is near this long-term average.
How is TU's revenue distributed by segment?
TU reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.