TELUS Corporation (TU) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
Revenue Growth Metrics
Revenue Breakdown
TU's revenue distribution by segment and geography
By Geography
TU Revenue Analysis (2014–2025)
As of March 1, 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 VZ (+2.4% YoY), T (+2.7% YoY), and TBB (+2.7% YoY), TU has underperformed the peer group in terms of revenue growth. Compare TU vs VZ →
Peer Comparison
Compare TU's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TUCurrent | $20.5B | +1.1% | +6.0% | 11.5% | |
| VZ | $138.2B | +2.4% | +0.4% | 21.2% | |
| T | $125.6B | +2.7% | -6.1% | 19.2% | |
| TBB | $125.6B | +2.7% | -6.1% | 19.2% | |
| AMX | $885.1B | +7.0% | +1.7% | 21.0% | |
| VOD | $37.4B | -18.8% | -3.6% | -1.1% |
Historical Revenue Data
| 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% |
See TU's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs TU Undervalued?
See our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare TU vs NFLX
See how TU stacks up against sector leader Netflix, Inc..
Start ComparisonFrequently Asked Questions
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.