Telus (TU) Q4 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

TELUS delivered a mixed fourth quarter for fiscal 2025, posting an earnings beat against softer-than-expected revenue as the Canadian telecom navigated a competitive market and modest top-line pressure. Adjusted basic EPS came in at $0.20, edging pas… Read more TELUS delivered a mixed fourth quarter for fiscal 2025, posting an earnings beat against softer-than-expected revenue as the Canadian telecom navigated a competitive market and modest top-line pressure. Adjusted basic EPS came in at $0.20, edging past the $0.18 consensus estimate by 11.11%, while revenue of $5.26 billion fell short of the $5.54 billion analysts had projected, slipping 1.3% year over year. The shortfall was driven largely by continued mobile phone ARPU pressure, with average revenue per user declining 1.6% to $57.10, though management noted the rate of decline is decelerating. On the brighter side, TTech Adjusted EBITDA margin expanded 240 basis points to 40.9%, and record quarterly free cash flow of $574 million, up 7%, underscored improving capital efficiency as the company pivots from heavy infrastructure spending toward harvesting returns. For 2026, TELUS targets 2-4% service revenue and EBITDA growth alongside free cash flow of roughly $2.45 billion, a roughly 10% increase, with peers in North American telecom similarly chasing EBITDA expansion in an increasingly AI-driven landscape.