Enbridge revenue and financials
Secondary listing. The primary listing is Enbridge · TSX (CAD)
$46.04Change from previous close: +0.15%Absolute change: +$0.07
In the fiscal year ended December 2025, Enbridge reported revenue of $65.19B (+21.92% year over year). Net income was $7.49B, a net margin of 11.5%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +21.92%
- 2025 vs 2024
- Net income growth
- +37.68%
- 2025 vs 2024
- Net margin
- 11.5%
- 2024: 10.2%
Financial data
Amounts in millions of CAD; per-share values in CAD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 65,194 | 53,473 | 43,649 | 53,309 | 47,071 | 39,087 | 50,069 | 46,378 | 44,378 | 34,560 |
| Cost of revenue | 43,697 | 34,207 | 21,366 | 32,589 | 28,702 | 20,669 | 31,004 | 29,401 | 28,637 | 24,005 |
| Gross profit | 21,497 | 19,266 | 17,670 | 16,403 | — | — | — | — | — | — |
| Selling, general and administrative | — | — | -135 | -239 | -150 | — | — | — | — | — |
| Operating income | 10,958 | 9,649 | 8,651 | 5,178 | 7,805 | 7,957 | 8,260 | 4,816 | 1,571 | 2,581 |
| EBIT | 14,785 | 11,700 | 11,736 | 7,766 | — | — | — | — | — | — |
| EBITDA | 20,446 | 16,867 | 16,349 | 12,083 | — | — | — | — | — | — |
| Interest expense | 5,023 | 4,419 | 3,812 | 3,179 | 2,655 | 2,790 | 2,663 | 2,703 | 2,556 | 1,590 |
| Pre-tax income | 9,793 | 7,299 | 7,879 | 4,542 | — | — | — | — | — | — |
| Income tax | 2,004 | 1,668 | 1,821 | 1,604 | 1,415 | 774 | 1,708 | 237 | -2,697 | 142 |
| Net income | 7,491 | 5,441 | 6,191 | 3,003 | 6,189 | 3,363 | 5,705 | 2,882 | 2,859 | 2,069 |
| Net income to common shareholders | 7,072 | 5,053 | 5,839 | 2,589 | — | — | — | — | — | — |
| Basic EPS | 3.23 | 2.34 | 2.84 | 1.28 | 2.87 | 1.48 | 2.64 | 1.46 | 1.66 | 1.95 |
| Diluted EPS | 3.22 | 2.34 | 2.84 | 1.28 | 2.87 | 1.48 | 2.63 | 1.46 | 1.65 | 1.93 |
| Average shares (basic) | 2,180 | 2,155 | 2,056 | 2,025 | — | — | — | — | — | — |
| Average shares (diluted) | 2,186 | 2,158 | 2,058 | 2,029 | 2,025 | 2,021 | 2,020 | 1,727 | 1,532 | 918 |