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November 24, 2025CANADA FINANCIAL STATISTICS FOR ENTERPRISES, Q3 2025 In Q3 2025, Canadian enterprise net income before taxes (seasonally adjusted) was $175.474 billion. All broad industry categories reported positive income before taxes in Q3 2025. The largest values of net income before taxes were reported in miscellaneous financial intermediation ($17.731 billion), banking ($12.769), telecommunications ($11.816), real estate ($11.485 billion), and construction ($9.625).
Compared with Q2 2025, net income before taxes rose by $12.338 billion across all industries. Net income increased by $5.471 billion for financial/insurance industries largely on gains in miscellaneous financial intermediation, banking, life/medical/health insurance carriers, and property/casualty insurance carriers. Securities/commodity/exchanges/portfolio management reported the largest drop in net income before taxes among financial industries.
Net income for non-financial industries rose by $6.867 billion. Telecommunications is reported to have had a significant increase non-financial net income while oil/gas extraction posted the largest decline in non-financial net income in the Q3 2025.
Measured as a share of revenue, income before taxes averaged 11.1% across all industries; 24.6% for financial industries and 9.1% for non-financial industries. Income as a share of revenues was up for both non-financial and financial industries in Q3 2025.
Measured as a share of revenue, income before taxes was highest in miscellaneous financial intermediation (73.8% of revenues) followed by telecommunications (56.4%), securities/commodity exchanges/portfolio management (50.8%), and real estate (34.5%).
Source: Statistics Canada. Table 33-10-0226-01 Quarterly balance sheet and income statement, by industry, seasonally adjusted (x 1,000,000)
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