Enbridge revenue and financials
Secondary listing. The primary listing is Enbridge · TSX (CAD)
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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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 12,270 | 12,600 | 14,201 | 11,230 | 9,256 | 9,781 | 9,398 | 10,502 | 6,658 | 5,205 |
| Depreciation and amortization | 5,661 | 5,167 | 4,613 | 4,317 | 3,852 | 3,712 | 3,391 | 3,246 | 3,163 | 2,240 |
| Capital expenditure | -8,973 | -6,711 | -4,654 | -4,647 | -7,818 | -5,405 | -5,492 | -6,806 | -8,287 | -5,128 |
| Investing cash flow | -10,503 | -20,363 | -6,043 | -5,270 | -10,657 | — | — | — | — | — |
| Financing cash flow | -2,400 | 3,544 | -2,864 | -5,428 | 1,236 | — | — | — | — | — |
| Dividends paid | -8,220 | -7,875 | -7,276 | -6,968 | -6,766 | -6,560 | -5,973 | -3,480 | -3,500 | -1,900 |
| Share repurchases | 0.0 | 0.0 | -125 | -151 | 0.0 | 0.0 | — | — | — | — |
| Debt issued | 12,794 | 16,323 | 15,448 | 8,028 | 11,386 | — | — | — | — | — |
| Debt repaid | -6,849 | -6,633 | -14,572 | -5,531 | -2,264 | — | — | — | — | — |
| Effect of exchange rates | -47.0 | 234 | -216 | 55.0 | -5.0 | — | — | — | — | — |
| Net change in cash | -680 | -3,985 | 5,078 | 587 | -170 | — | — | — | — | — |
| Free cash flow | 3,297 | 5,889 | 9,547 | 6,583 | 1,438 | — | — | — | — | — |
| Levered free cash flow | -239 | 3,757 | 3,947 | 2,878 | -1,559 | — | — | — | — | — |