Fortis revenue and financials
Secondary listing. The primary listing is Fortis · TSX (CAD)
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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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 2,931 | 3,403 | 3,079 | 2,938 | 2,815 | 3,338 | 2,949 | 2,771 | 2,670 | 3,118 | 2,885 | 2,719 |
| Cost of revenue | 719 | 1,071 | 858 | 759 | 714 | — | — | — | — | — | — | — |
| Gross profit | 2,212 | 2,332 | 2,221 | 2,179 | 2,101 | — | — | — | — | — | — | — |
| Operating income | 804 | 955 | 868 | 871 | 800 | — | — | — | — | — | — | — |
| EBIT | 830 | 980 | 890 | 890 | 820 | 972 | 882 | 833 | 756 | 894 | 794 | 836 |
| EBITDA | 1,372 | 1,512 | 1,402 | 1,408 | 1,332 | 1,487 | 1,382 | 1,313 | 1,236 | 1,361 | 1,248 | 1,279 |
| Interest expense | 387 | 372 | 369 | 370 | 369 | — | — | — | — | — | — | — |
| Pre-tax income | 536 | 674 | 565 | 579 | 536 | 674 | 544 | 561 | 456 | 613 | 554 | 537 |
| Income tax | 76.0 | 112 | 80.0 | 105 | 92.0 | 116 | 93.0 | 83.0 | 69.0 | 101 | 119 | 92.0 |
| Net income | 417 | 523 | 444 | 431 | 404 | 520 | 415 | 439 | 349 | 477 | 398 | 411 |
| Net income to common shareholders | 396 | 501 | 422 | 409 | 384 | 499 | 396 | 420 | 331 | 459 | 381 | 394 |
| Basic EPS | 0.78 | 0.99 | 0.83 | 0.81 | 0.76 | 1.00 | 0.79 | 0.85 | 0.67 | 0.93 | 0.78 | 0.81 |
| Diluted EPS | 0.78 | 0.99 | 0.83 | 0.81 | 0.76 | 1.00 | 0.79 | 0.85 | 0.67 | 0.93 | 0.78 | 0.81 |
| Average shares (basic) | 510 | 508 | 507 | 505 | 503 | 500 | 498 | 496 | 494 | 492 | 489 | 487 |
| Average shares (diluted) | 510 | 509 | 507 | 505 | 503 | 501 | 499 | 496 | 494 | 492 | 489 | 488 |
| Dividend per share | 0.64 | 0.64 | 0.64 | 0.62 | 0.62 | 0.62 | 0.62 | 0.59 | 0.59 | 0.59 | 0.60 | 0.57 |