TELUS Corporation

TSX:T Stock Report

Market Cap: CA$27.2b

TELUS Management

Management criteria checks 3/4

TELUS' CEO is Darren Entwistle, appointed in Jan 2000, has a tenure of 26.33 years. total yearly compensation is CA$19.65M, comprised of 8.1% salary and 91.9% bonuses, including company stock and options. directly owns 0.072% of the company’s shares, worth CA$19.63M. The average tenure of the management team and the board of directors is 7.6 years and 10.6 years respectively.

Key information

Darren Entwistle

Chief executive officer

CA$19.6m

Total compensation

CEO salary percentage8.14%
CEO tenure26.3yrs
CEO ownership0.07%
Management average tenure7.6yrs
Board average tenure10.6yrs

Recent management updates

Recent updates

Narrative Update • May 09

T: New Spectrum And AI Alliances Will Drive Future Upside Potential

Analysts have modestly adjusted their CA$ fair value estimate for TELUS to CA$20.65 from CA$20.59, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E assumptions. What's in the News CEO transition set for 2026, with long-serving CEO Darren Entwistle retiring on June 30, 2026, and Victor Dodig, currently an independent director and former CIBC CEO, appointed CEO Designate and scheduled to take over on July 1, 2026 (Executive Changes).
Narrative Update • Apr 22

T: Space Connectivity And 5G Spectrum Expansion Will Drive Future Upside Potential

Analysts now set a slightly lower TELUS price target of CA$20.59, down from CA$21.00, citing modest adjustments to fair value assumptions, discount rate, revenue growth, profit margin, and future P/E estimates. What's in the News CEO transition planned, with long-time Chief Executive Darren Entwistle set to retire on June 30, 2026, and Board member Victor Dodig, former CIBC President and CEO, appointed CEO Designate and scheduled to assume the role on July 1, 2026, following a multiyear succession process (Executive changes).
Narrative Update • Apr 08

T: Quantum And Space Connectivity Will Drive Future Upside Potential

Analysts now set their average TELUS price target at roughly CA$21.00, slightly below the prior fair value estimate of about CA$21.38. This reflects updated views on discount rate, revenue growth, profit margins and future P/E assumptions.
Narrative Update • Mar 24

T: Quantum And Space Connectivity Will Drive Future Upside Potential

Analysts now set TELUS's fair value estimate at CA$21.38, compared with CA$21.26 previously, reflecting updated assumptions for the discount rate, modest revenue growth, profit margin and future P/E levels. What's in the News TELUS launched the SmartHome Assistant, described as the world's first smart home AI assistant with Generative UI, designed to unify more than 2,000 device models into a single interface for SmartHome+ customers across Canada (Product-Related Announcements).
Narrative Update • Mar 09

T: Quantum Networking And Space Connectivity Will Support Future Upside Potential

Analysts have slightly reduced their fair value estimate for TELUS, with the implied price target moving from about CA$21.44 to roughly CA$21.26 as they refresh their assumptions on discount rates, long term revenue growth, profit margins, and forward P/E expectations. What's in the News TELUS plans to partner with AST SpaceMobile to offer space based cellular broadband across remote parts of Canada.
Narrative Update • Feb 22

T: Share Buybacks And Quantum Secure Networking Will Support Future Upside Potential

Analysts have trimmed their TELUS price target slightly from CA$21.71 to CA$21.44. This reflects updated views that combine more cautious revenue growth expectations with a stronger profit margin profile and a lower assumed future P/E multiple.
Narrative Update • Feb 08

T: Share Buybacks And Quantum Safe Security Will Support Future Upside Potential

Analysts have kept their fair value estimate for TELUS steady at $21.71, with only minor tweaks to inputs such as the discount rate, revenue growth, profit margin, and future P/E that reflect modest refinements to their models rather than a change in overall view. What's in the News TELUS launched a share repurchase program authorizing the purchase of up to 28,000,000 shares, or 1.81% of shares outstanding, for a total of $500 million.
Narrative Update • Jan 24

T: Quantum-Safe Security And Share Buybacks Will Support Future Upside Potential

Analysts have slightly trimmed their TELUS fair value estimate from $22.00 to about $21.71, reflecting modest tweaks to discount rate assumptions, revenue growth expectations, profit margin outlook, and future P/E inputs. What's in the News kini mobile partnered with TELUS to launch Made for Pinoys 5G prepaid plans, offering Filipino-Canadians one plan with both Philippine and Canadian numbers, international calling and texting, GCash cashbacks, and Pinoy customer support on TELUS' 5G network.
Narrative Update • Jan 10

T: Quantum-Safe Network Rollout And Buybacks Will Support Future Upside Potential

Analysts have trimmed their fair value estimate for TELUS slightly from about $22.21 to $22.00. This reflects small adjustments to assumptions on discount rate, revenue growth, profit margins and future P/E multiples.
Narrative Update • Dec 18

T: Quantum-Safe Network And AI Infrastructure Will Drive Future Upside Potential

Analysts have modestly reduced their price target on TELUS, trimming fair value by about $0.86 per share as slightly higher discount rates and marginally softer long term growth and margin assumptions temper the company’s forward valuation multiple. What's in the News The board has authorized a new normal course issuer bid allowing TELUS to repurchase up to 28 million shares (about 1.81% of shares outstanding) for approximately CAD 500 million by December 16, 2026, with all repurchased shares to be cancelled (share repurchase program).
Narrative Update • Dec 04

T: Quantum-Safe Network And AI Infrastructure Will Support Long-Term Opportunity

Analysts have modestly raised their price target on TELUS to approximately $23.06 from $22.97, reflecting slightly improved profit margin expectations that more than offset a small reduction in long term revenue growth assumptions. What's in the News TELUS launched a Quantum Safe VPN service using post quantum cryptography to protect government and business clients against future quantum enabled cyber threats, integrated with its Managed Next Generation Firewall platform (Product Related Announcements).
Narrative Update • Nov 20

T: Rising Discount Rate Will Drive Long-Term Opportunity With New Developments

Analyst Price Target for TELUS Adjusted Slightly Lower Analysts have revised their fair value estimate for TELUS, reducing the price target from $23.38 to $22.97. This change is due to updated assumptions regarding discount rates and future profitability.
Analysis Article • Nov 10

TELUS (TSE:T) Is Paying Out A Larger Dividend Than Last Year

TELUS Corporation ( TSE:T ) has announced that it will be increasing its dividend from last year's comparable payment...
Analysis Article • Aug 08

Statutory Profit Doesn't Reflect How Good TELUS' (TSE:T) Earnings Are

TSX:T 1 Year Share Price vs Fair Value Explore TELUS's Fair Values from the Community and select yours The subdued...
User avatar
New Narrative • Nov 10

Calculated Innovation And 5G Integration Poised To Propel Future Revenue Growth

Strategic emphasis on customer expansion and digital transformation enhances margins, boosts lifetime value, and decreases churn through PureFibre and broadband networks.

CEO Compensation Analysis

How has Darren Entwistle's remuneration changed compared to TELUS's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

CA$928m

Dec 31 2025CA$20mCA$2m

CA$1b

Sep 30 2025n/an/a

CA$1b

Jun 30 2025n/an/a

CA$966m

Mar 31 2025n/an/a

CA$1b

Dec 31 2024CA$21mCA$2m

CA$993m

Sep 30 2024n/an/a

CA$923m

Jun 30 2024n/an/a

CA$779m

Mar 31 2024n/an/a

CA$751m

Dec 31 2023CA$21mCA$2m

CA$841m

Sep 30 2023n/an/a

CA$801m

Jun 30 2023n/an/a

CA$1b

Mar 31 2023n/an/a

CA$1b

Dec 31 2022CA$17mCA$2m

CA$2b

Sep 30 2022n/an/a

CA$2b

Jun 30 2022n/an/a

CA$2b

Mar 31 2022n/an/a

CA$2b

Dec 31 2021CA$20mCA$2m

CA$2b

Sep 30 2021n/an/a

CA$1b

Jun 30 2021n/an/a

CA$1b

Mar 31 2021n/an/a

CA$1b

Dec 31 2020CA$13mCA$1m

CA$1b

Sep 30 2020n/an/a

CA$1b

Jun 30 2020n/an/a

CA$1b

Mar 31 2020n/an/a

CA$2b

Dec 31 2019CA$13mCA$1m

CA$2b

Compensation vs Market: Darren's total compensation ($USD14.25M) is above average for companies of similar size in the Canadian market ($USD7.43M).

Compensation vs Earnings: Darren's compensation has been consistent with company performance over the past year.

CEO

Darren Entwistle (61 yo)

26.3yrs
Tenure
CA$19,646,546
Compensation

Mr. Darren Entwistle joined TELUS in 2000 as President and CEO and is the longest-serving CEO in the global telecommunications industry. Under Darren’s leadership, TELUS has evolved from a regional telepho...

Leadership Team

NamePositionTenureCompensationOwnership
Darren Entwistle
President26.3yrsCA$19.65m0.072%
CA$ 19.6m
Douglas French
Executive VP & CFO10.3yrsCA$5.19m0.0092%
CA$ 2.5m
Sandy McIntosh
Executive VP of People & Culture and Chief Human Resources Officerno dataCA$3.66m0.011%
CA$ 3.1m
Navin Arora
EVP and President of Business Solutionsno dataCA$5.60m0.015%
CA$ 4.1m
Zainul Mawji
EVP & President of Telus Consumer Solutions7.6yrsCA$5.51m0.018%
CA$ 5.0m
Robert Mitchell
Head of Investor Relations6.3yrsno datano data
Andrea Wood
Executive VP and Chief Legal & Governance Officerno datano data0.0019%
CA$ 531.3k
Jill Schnarr
Chief Communications & Brand Officerno datano datano data
Francois Cote
Executive Vice Presidentno dataCA$2.05mno data
Jim Senko
EVP & Chief Product Officer of Consumer Solutions7.6yrsno datano data
Jeffrey Puritt
President & CEO of TELUS Internationalno datano datano data
Mario Mele
Senior VP & Treasurerno datano data0.00038%
CA$ 103.5k
7.6yrs
Average Tenure
61.5yo
Average Age

Experienced Management: T's management team is seasoned and experienced (7.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Darren Entwistle
President26.3yrsCA$19.65m0.072%
CA$ 19.6m
Christine Magee
Independent Director7.8yrsCA$323.64k0.000030%
CA$ 8.2k
Brian Canfield
Chairman Emeritus12yrsCA$255.63kno data
Lisa de Wilde
Independent Director11.3yrsCA$375.90k0.000020%
CA$ 5.4k
David Mowat
Independent Director10yrsCA$328.29k0.0010%
CA$ 272.5k
Raymond Chan
Independent Director12.8yrsCA$318.79k0.0059%
CA$ 1.6m
John Manley
Independent Chairman14.3yrsCA$557.82k0.00054%
CA$ 147.1k
Mary Haddad
Independent Director12yrsCA$378.97kno data
Marc Parent
Independent Director8.5yrsCA$320.14k0.0067%
CA$ 1.8m
Thomas Flynn
Independent Director6yrsCA$364.67k0.00094%
CA$ 256.1k
Denise Pickett
Independent Director7.5yrsCA$316.12k0.00035%
CA$ 95.4k
W. Willy
Independent Director5yrsCA$319.14kno data
10.6yrs
Average Tenure
67yo
Average Age

Experienced Board: T's board of directors are seasoned and experienced ( 10.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/31 15:32
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TELUS Corporation is covered by 30 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Amman SaeedAccountability Research Corporation
David McFadgenATB Cormark
Phillip HuangBarclays