Fortis revenue and financials
Secondary listing. The primary listing is Fortis · TSX (CAD)
$52.90Change from previous close: +0.63%Absolute change: +$0.33
In the fiscal year ended December 2025, Fortis reported revenue of $12.17B (+5.75% year over year). Net income was $1.96B, a net margin of 16.1%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +5.75%
- 2025 vs 2024
- Net income growth
- +7.28%
- 2025 vs 2024
- Net margin
- 16.1%
- 2024: 15.9%
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 | 12,170 | 11,508 | 11,517 | 11,043 | 9,448 | 8,935 | 8,783 | 8,390 | 8,301 | 6,838 |
| Cost of revenue | 3,371 | 3,249 | 3,771 | 3,952 | 2,951 | 2,562 | 2,520 | 2,495 | 2,361 | — |
| Gross profit | 8,799 | 8,259 | 7,746 | 7,091 | — | — | — | — | — | — |
| Operating income | 3,492 | 3,292 | 3,084 | 2,740 | 2,469 | 2,508 | 3,038 | 2,365 | 2,511 | 1,483 |
| EBIT | 3,832 | 3,580 | 3,375 | 2,905 | — | — | — | — | — | — |
| EBITDA | 5,889 | 5,507 | 5,148 | 4,573 | — | — | — | — | — | — |
| Interest expense | 1,478 | 1,406 | 1,305 | 1,102 | 1,003 | 1,042 | 1,035 | 974 | 914 | 678 |
| Pre-tax income | 2,354 | 2,174 | 2,070 | 1,803 | — | — | — | — | — | — |
| Income tax | 393 | 346 | 360 | 289 | 234 | 231 | 289 | 165 | 588 | 145 |
| Net income | 1,961 | 1,828 | 1,710 | 1,514 | 1,405 | 1,389 | 1,852 | 1,286 | 1,125 | 713 |
| Net income to common shareholders | 1,714 | 1,606 | 1,506 | 1,330 | — | — | — | — | — | — |
| Basic EPS | 3.40 | 3.24 | 3.10 | 2.78 | 2.61 | 2.60 | 3.79 | 2.59 | 2.32 | 1.89 |
| Diluted EPS | 3.40 | 3.24 | 3.10 | 2.78 | 2.61 | 2.60 | 3.78 | 2.59 | 2.31 | 1.89 |
| Average shares (basic) | 504 | 495 | 486 | 479 | — | — | — | — | — | — |
| Average shares (diluted) | 504 | 495 | 487 | 479 | 471 | 465 | 438 | 425 | 416 | 313 |