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February 25, 2026CANADA FINANCIAL STATISTICS FOR ENTERPRISES, Q4 2025 In Q4 2025, Canadian enterprise net income before taxes (seasonally adjusted) was $172.309 billion. All broad industry categories reported positive income before taxes in Q4 2025, with the exception of motor vehicle manufacturing. The largest values of net income before taxes were reported in miscellaneous financial intermediation ($16.591 billion), banking ($15.054), real estate ($12.529 billion), and construction ($11.242 billion).
Compared with Q3 2025, net income before taxes fell by $2.829 billion across all industries. Net income fell by $2.263 billion for financial/insurance industries, with the largest decline in miscellaneous financial intermediation, partially offset by a gain in banking.
Net income for non-financial industries fell by $0.566 billion. Alcoholic beverage, tobacco, cannabis manufacturing is reported to have had a significant increase, while telecommunications posted the largest decline in non-financial net income in the Q4 2025.
Measured as a share of revenue, income before taxes averaged 10.9% across all industries; 25.6% for financial industries and 8.6% for non-financial industries. Income as a share of revenues was down for both non-financial and financial industries in Q4 2025.
Measured as a share of revenue, income before taxes was highest in miscellaneous financial intermediation (67.5% of revenues), followed by securities/commodity exchanges/portfolio management (53.5%), and real estate (37.3%).
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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