Rogers Communications Inc. logo

Rogers Communications Inc.

RCI

NYSECommunication ServicesTelecommunications Services

Previous close

$36.27

−$0.08 · -0.22%

Aug 21, 4:00 PM ET

Pre-market

$36.00

−$0.27 · -0.74%

Aug 24, 7:35 AM ET

RCI company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

100

Deep Value

Momentum

32

Weakening

Sentiment

53

Mixed

Risk resilience

67

Moderate Risk

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Company profile

Company website

Rogers Communications Inc., a prominent Canadian telecommunications and media conglomerate, structures its diverse operations across three core divisions: Wireless, Cable, and Media. In its Wireless segment, Rogers caters to approximately 11.3 million subscribers through its Rogers, Fido, and chatr brands. This division offers an extensive range of mobile services, including internet access, traditional and enhanced voice communication, wireless home phone, and global voice and data roaming. Customers also benefit from device and accessory financing, device protection plans, email, and convenient device delivery services. Furthermore, Rogers provides specialized wireless solutions for businesses, encompassing machine-to-machine (M2M) connectivity, Internet of Things (IoT) platforms, and landline bridging. The Cable division delivers high-speed internet and comprehensive WiFi services. It also features advanced smart home monitoring solutions, empowering users to manage security, automation, energy efficiency, and other controls conveniently via a dedicated smartphone application. Rogers' television offerings within this segment are broad, featuring local and network channels, on-demand content, and both cloud-based and personal video recorders (PVRs). It supports linear and time-shifted viewing, provides access to digital specialty channels and 4K programming, and incorporates modern features like voice-activated remote controls and integrated applications. The Ignite TV platform and its accompanying app enable content consumption across various devices, including smartphones, tablets, and personal computers. Beyond consumer offerings, Rogers serves residential and small business clients with local telephony services, complete with calling features such as voicemail, call waiting, and long-distance. For larger enterprises, it delivers sophisticated voice, data networking, and internet protocol (IP) services, including Ethernet, private networking, IP voice, and cloud-based solutions. Advanced network technologies like optical wave and multi-protocol label switching (MPLS) are also part of its portfolio, alongside general IT and network technology support and cable access network services. Rogers' Media division represents a significant part of its enterprise. It notably owns the Toronto Blue Jays baseball team and the Rogers Centre event venue. The company also operates a wide array of television networks, such as Sportsnet ONE, Sportsnet 360, Sportsnet World, Citytv, OMNI, FX (Canada), FXX (Canada), and OLN. Additionally, Rogers maintains a substantial presence in radio, managing 55 AM and FM stations. Established in 1960, Rogers Communications Inc. is headquartered in Toronto, Canada.

Industry
Telecommunications Services
Sector
Communication Services
Headquarters
CA
CEO
Anthony Staffieri
Listed since
Jan 11, 1996
Employees
25,000

Market position

Day range

Current $36.27

52-week range

Current $36.27

Open
$36.475
Previous close
$36.35
Volume
549.01K
0.44× average
Average volume
1.25M
Average daily volume
Market cap
19.59B USD
Beta
0.79
Market reference 1
50-day average
$34.7568
+4.35% above average
200-day average
$36.6467
-1.03% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
70.7B CAD
P/E (TTM)
4.32×
P/B (TTM)
1.63×
P/S (TTM)
1.19×
EV / EBITDA
4.8×
Earnings yield
24.72%
Free cash flow yield
8.43%
Dividend yield
4.00%

Profitability & efficiency

Gross margin
28.18%
Operating margin
22.74%
Net margin
27.45%
Return on equity
38.81%
Return on assets
7.66%
Return on invested capital
5.66%

Financial health

Debt / equity
2.76×
Current ratio
0.61×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends51%34%17%0%Gross margin, FY2021: 40.17%Gross margin, FY2022: 41.52%Gross margin, FY2023: 44.44%Gross margin, FY2024: 46.68%Gross margin, FY2025: 45.27%Operating margin, FY2021: 22.53%Operating margin, FY2022: 24.79%Operating margin, FY2023: 23.10%Operating margin, FY2024: 24.28%Operating margin, FY2025: 23.11%Net margin, FY2021: 10.63%Net margin, FY2022: 10.91%Net margin, FY2023: 4.40%Net margin, FY2024: 8.42%Net margin, FY2025: 31.75%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 40.17%. Gross margin FY2022 41.52%. Gross margin FY2023 44.44%. Gross margin FY2024 46.68%. Gross margin FY2025 45.27%. Operating margin FY2021 22.53%. Operating margin FY2022 24.79%. Operating margin FY2023 23.10%. Operating margin FY2024 24.28%. Operating margin FY2025 23.11%. Net margin FY2021 10.63%. Net margin FY2022 10.91%. Net margin FY2023 4.40%. Net margin FY2024 8.42%. Net margin FY2025 31.75%.

Income trends

Revenue

21.69B CAD+5.29%

Operating income

5.01B CAD+0.22%

Net income

6.89B CAD+297.25%
Income trends across reported periods23.78B CAD15.44B CAD7.1B CAD−1.24B CADRevenue, FY2021: 14.66B CADRevenue, FY2022: 15.4B CADRevenue, FY2023: 19.31B CADRevenue, FY2024: 20.6B CADRevenue, FY2025: 21.69B CADOperating income, FY2021: 3.3B CADOperating income, FY2022: 3.82B CADOperating income, FY2023: 4.46B CADOperating income, FY2024: 5B CADOperating income, FY2025: 5.01B CADNet income, FY2021: 1.56B CADNet income, FY2022: 1.68B CADNet income, FY2023: 849M CADNet income, FY2024: 1.73B CADNet income, FY2025: 6.89B CADFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 14.66B CAD. Revenue FY2022 15.4B CAD. Revenue FY2023 19.31B CAD. Revenue FY2024 20.6B CAD. Revenue FY2025 21.69B CAD. Operating income FY2021 3.3B CAD. Operating income FY2022 3.82B CAD. Operating income FY2023 4.46B CAD. Operating income FY2024 5B CAD. Operating income FY2025 5.01B CAD. Net income FY2021 1.56B CAD. Net income FY2022 1.68B CAD. Net income FY2023 849M CAD. Net income FY2024 1.73B CAD. Net income FY2025 6.89B CAD.
Metric (CAD)FY2025FY2024FY2023FY2022FY2021
Revenue21.69B CAD20.6B CAD19.31B CAD15.4B CAD14.66B CAD
Cost of goods sold11.89B CAD10.99B CAD10.73B CAD9B CAD8.77B CAD
Gross profit9.82B CAD9.62B CAD8.58B CAD6.39B CAD5.89B CAD
Selling, general, and administrative2.18B CAD
Operating expenses4.8B CAD4.61B CAD4.12B CAD2.58B CAD2.59B CAD
Interest income5M CAD5M CAD50M CAD45.6M CAD42.32M CAD
Interest expense2.23B CAD2.28B CAD2.06B CAD1.22B CAD837.32M CAD
Depreciation and amortization4.88B CAD4.68B CAD4.19B CAD2.64B CAD2.65B CAD
Operating income5.01B CAD5B CAD4.46B CAD3.82B CAD3.3B CAD
Net income6.89B CAD1.73B CAD849M CAD1.68B CAD1.56B CAD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 2 misses, 0 met estimates
Average EPS surprise
+4.12%
11 comparable reports
Latest EPS result
0.83
Estimate 0.8 · Beat by 3.75%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.120.960.810.65Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 1.04, estimate 0.97, surprise +7.22%, Beat. Q2 2025, reported Apr 23, 2025: actual 0.69, estimate 0.71, surprise -2.82%, Miss. Q3 2025, reported Jul 23, 2025: actual 0.82, estimate 0.8, surprise +2.50%, Beat. Q4 2025, reported Oct 23, 2025: actual 0.99, estimate 0.92, surprise +7.61%, Beat. Q1 2026, reported Jan 29, 2026: actual 1.08, estimate 0.98, surprise +10.20%, Beat. Q2 2026, reported Apr 22, 2026: actual 0.74, estimate 0.73, surprise +1.37%, Beat. Q3 2026, reported Jul 22, 2026: actual 0.83, estimate 0.8, surprise +3.75%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 0.93, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates6.18B5.2B4.23B3.26BQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 3.81B USD, estimate 5.02B USD, surprise -24.17%, Miss. Q2 2025, reported Apr 23, 2025: actual 3.49B USD, estimate 5.11B USD, surprise -31.68%, Miss. Q3 2025, reported Jul 23, 2025: actual 3.83B USD, estimate 5.31B USD, surprise -27.89%, Miss. Q4 2025, reported Oct 23, 2025: actual 3.83B USD, estimate 5.94B USD, surprise -35.46%, Miss. Q1 2026, reported Jan 29, 2026: actual 4.49B USD, estimate 4.38B USD, surprise +2.56%, Beat. Q2 2026, reported Apr 22, 2026: actual 3.94B USD, estimate 3.91B USD, surprise +0.76%, Beat. Q3 2026, reported Jul 22, 2026: actual 3.95B USD, estimate 3.91B USD, surprise +1.06%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 3.9B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$36.00

0.74% downside
Past 12 months12-month forecastHigh $36.00Average $36.00Low $36.00

Rating distribution

25 ratings
Strong buy00%
Buy1144%
Hold1352%
Sell14%
Strong sell00%

Recent analyst actions

6 institutions
RBC CapitalmaintainOutperform
B of A SecuritiesdowngradeBuyNeutral
BMO CapitalmaintainOutperform
TD SecuritiesmaintainBuy
Canaccord GenuitydowngradeBuyHold

RCI news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.4353

2025 complete year-9.1% since 2021

2026 partial: $0.7268

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 8, 2026

$0.3625

Quarterly

Record Sep 8, 2026 · Payment Oct 2, 2026

Dividend

Ex-dividend Jun 9, 2026

$0.3582

Quarterly

Record Jun 9, 2026 · Payment Jul 6, 2026

Dividend

Ex-dividend Mar 10, 2026

$0.3686

Quarterly

Record Mar 10, 2026 · Payment Apr 2, 2026

Dividend

Ex-dividend Dec 8, 2025

$0.3611

Quarterly

Record Dec 8, 2025 · Payment Jan 2, 2026

Dividend

Ex-dividend Sep 8, 2025

$0.3621

Quarterly

Record Sep 8, 2025 · Payment Oct 3, 2025

Dividend

Ex-dividend Jun 9, 2025

$0.3656

Quarterly

Record Jun 9, 2025 · Payment Jul 3, 2025

RCI peers

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