RCI

MKT CAP:$19B

Rogers Communications Inc.

Market Cap

$19B

Communication Services·Telecommunications Services·🇨🇦 Canada·NYSE

Communication·Telecommunications·🇨🇦·NYSE

Stock Price

$37.48-$0.45 (-1.19%)

Apr 22, 2026

Company Details

Rogers Communications Inc. operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device and ac...

CEO

Anthony Staffieri

IPO Date

Jan 11, 1996

Website

www.rogers.com

Key Metrics TTM

Revenue

$17.8B

+18.8% YoY

Net Income

$1.7B

EPS (Diluted)

$3.08

Free Cash Flow

$1.3B

Revenue / Share

$32.70

Gross Margin

39.5%

Operating Margin

22.9%

Net Margin

9.4%

FCF Margin

7.5%

P/S

1.1x

P/E

11.6x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$3.9B+8.4%EPS $0.58

FY 2025

Mar 6, 2026

$15.9B+5.3%EPS $9.30

Q4 2025

Jan 29, 2026

$6.2B+54.1%EPS $1.37

Q1 2025

Mar 31, 2025

$3.6B+1.5%EPS $0.38

FY 2024

Mar 6, 2025

$15.1B+6.7%EPS $2.34

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 18	$2.7B	$1.1B	$701M
Q4 18	$2.9B	$1.1B	$699M
Q1 19	$2.6B	$976M	$531M
Q2 19	$2.8B	$1.2B	$746M
Q3 19	$2.7B	$1.3B	$793M
Q4 19	$2.2B	$503M	$503M
Q4 20	$2.1B	$530M	$530M
Q3 23	$3.7B	$1.8B	$0
Q4 23	$3.9B	$1.7B	$846M
Q1 24	$3.6B	$1.6B	$778M
Q2 24	$3.7B	$1.7B	$869M
Q3 24	$3.7B	$1.9B	$1.0B
Q4 24	$4.0B	$1.9B	$995M
Q1 25	$3.6B	$1.6B	$795M
Q4 25	$6.2B	$2.7B	$1.5B
Q1 26	$3.9B	$822M	$822M

Valuation

Quarter	P/S	P/E
Q2 18	2.3x	17.5x
Q4 18	2.4x	19.2x
Q1 19	2.5x	20.2x
Q2 19	2.5x	18.4x
Q3 19	2.3x	16.4x
Q4 19	2.4x	17.8x
Q4 20	2.4x	17.0x
Q3 23	1.8x	22.2x
Q4 23	2.1x	36.4x
Q1 24	1.6x	35.5x
Q2 24	1.3x	30.4x
Q3 24	1.4x	19.6x
Q4 24	1.1x	12.9x
Q1 25	1.0x	11.2x
Q4 25	1.1x	11.6x
Q1 26	1.2x	12.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 18	$766M	$281M
Q4 18	$768M	$144M
Q1 19	$729M	$273M
Q2 19	$772M	$225M
Q3 19	$954M	$463M
Q4 19	$657M	$209M
Q4 20	$543M	$167M
Q3 23	$1.3B	$458M
Q4 23	$1.0B	$304M
Q1 24	$862M	$80M
Q2 24	$1.1B	$338M
Q3 24	$1.4B	$645M
Q4 24	$829M	$39M
Q1 25	$947M	$215M
Q4 25	$1.3B	$599M
Q1 26	$1.1B	$484M

Capital Expenditures

Quarter	CapEx
Q2 18	$485M
Q4 18	$624M
Q1 19	$456M
Q2 19	$547M
Q3 19	$491M
Q4 19	$448M
Q4 20	$376M
Q3 23	$824M
Q4 23	$704M
Q1 24	$783M
Q2 24	$737M
Q3 24	$738M
Q4 24	$791M
Q1 25	$732M
Q4 25	$682M
Q1 26	$592M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 18	+7.0%	-0.9%
Q4 18	+8.8%	+7.8%
Q1 19	-1.2%	+0.8%
Q2 19	+4.0%	-2.8%
Q3 19	-0.1%	-4.6%
Q4 19	-22.6%	-20.8%
Q4 20	-19.5%	-24.4%
Q3 23	+34.7%	+84.6%
Q4 23	+42.1%	+56.5%
Q1 24	+60.8%	+62.6%
Q2 24	+76.3%	+80.5%
Q3 24	+0.7%	-26.5%
Q4 24	+2.7%	-1.4%
Q1 25	+1.5%	+1.4%
Q4 25	+65.8%	+65.2%
Q1 26	+5.1%	+14.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 18	$28M	1.0%
Q4 18	$61M	2.1%
Q1 19	$22M	0.8%
Q2 19	$8M	0.3%
Q3 19	-$4M	-0.1%
Q4 19	$0	0.0%
Q4 20	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	-$20M	-0.6%
Q2 24	-$10M	-0.3%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q4 25	$0	0.0%
Q1 26	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q2 18	$421M
Q4 18	$330M
Q1 19	$397M
Q2 19	$382M
Q3 19	$364M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$486M	$0	$486M
Q3 22	$502M	$0	$502M
Q4 22	$338M	$504M	$842M
Q1 23	$404M	$0	$404M
Q2 23	$262M	$0	$262M
Q3 23	$1.8B	$0	$1.8B
Q4 23	$585M	$58M	$643M
Q1 24	$558M	$72M	$631M
Q2 24	$330M	$77M	$406M
Q3 24	$586M	$0	$586M
Q4 24	$656M	$0	$656M
Q1 25	$2.0B	$0	$2.0B
Q2 25	$5.1B	$0	$5.1B
Q3 25	$1.1B	$0	$1.1B
Q4 25	$981M	$0	$981M
Q1 26	$1.0B	$0	$1.0B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 18	516M	0.0%	+14.7%
Q4 18	515M	-0.2%	-0.2%
Q1 19	516M	+0.2%	0.0%
Q2 19	514M	-0.4%	-0.4%
Q3 19	513M	-0.2%	-0.6%
Q4 19	510M	-0.6%	-1.0%
Q4 20	506M	-0.8%	-1.9%
Q3 23	529M	+4.5%	+2.9%
Q4 23	529M	+0.0%	+3.1%
Q1 24	533M	+0.8%	+4.5%
Q2 24	534M	+0.2%	+5.5%
Q3 24	536M	+0.4%	+1.3%
Q4 24	547M	+2.1%	+3.4%
Q1 25	539M	-1.5%	+1.1%
Q4 25	542M	+0.6%	+1.6%
Q1 26	543M	+0.1%	+1.3%

Shares Outstanding