RCI (Rogers Communications) Retained Earnings: $11,187 Mil (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

RCI Rogers Communications Inc RCI
79 GF Score
Price $34.03
GF Value $39.43
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Rogers Communications Retained Earnings?

Rogers Communications RCI -0.15% 79 Retained Earnings is $11,187 Mil as of Jun. 2026. GuruFocus rates RCI with a GF Score™ of 79/100 and a GF Value™ of $39.43 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Rogers Communications's retained earnings for the quarter that ended in Jun. 2026 was $11,187 Mil.

Rogers Communications's quarterly retained earnings increased from Dec. 2025 ($11,981 Mil) to Mar. 2026 ($12,169 Mil) but then declined from Mar. 2026 ($12,169 Mil) to Jun. 2026 ($11,187 Mil).

Rogers Communications's annual retained earnings increased from Dec. 2023 ($7,334 Mil) to Dec. 2024 ($7,461 Mil) and increased from Dec. 2024 ($7,461 Mil) to Dec. 2025 ($11,981 Mil).


Rogers Communications  (NYSE:RCI) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Rogers Communications Retained Earnings Historical Data

* Premium members only.

The historical data trend for Rogers Communications's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Rogers Communications Retained Earnings Chart

Rogers Communications Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,962.50 7,225.62 7,333.78 7,461.22 11,981.15

Rogers Communications Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7,737.78 11,608.36 11,981.15 12,169.10 11,187.12
RCI
79GF Score
Rogers Communications Inc RCI
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rogers Communications Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of $11,187 Mil mean?
Rogers Communications (RCI) has a Retained Earnings of $11,187 Mil as of Jun. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Rogers Communications and its competitors.
Is Rogers Communications' Retained Earnings too high?
Rogers Communications' current Retained Earnings is $11,187 Mil. Overall, Rogers Communications has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rogers Communications' Retained Earnings compare to VZ and TMUS?
Rogers Communications' Retained Earnings of $11,187 Mil can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Telecommunication Services company?
A good Retained Earnings depends on the Telecommunication Services industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Rogers Communications and its competitors. Rogers Communications's current Retained Earnings is $11,187 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rogers Communications stock overvalued right now?
Based on GuruFocus' analysis, Rogers Communications (RCI) is currently considered Modestly Undervalued. The stock's GF Value™ is $39.43, compared to a current price of $34.03 — trading 13.7% below its estimated fair value. The current Retained Earnings is $11,187 Mil. Rogers Communications' overall GF Score™ is 79/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Rogers Communications (RCI), the current Retained Earnings is $11,187 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Rogers Communications (RCI) Overvalued in 2026?

Based on GuruFocus' analysis, Rogers Communications stock appears to be undervalued. The current stock price of $34.03 is trading 13.7% below its estimated GF Value™ of $39.43. GuruFocus considers Rogers Communications to be Modestly Undervalued.

Key valuation signals for RCI:

  • Retained Earnings: $11,187 Mil
  • GF Value™: $39.43 vs. price of $34.03 (13.7% below fair value)
  • GF Score™: 79/100 with 6 warning signs

No single metric tells the full story. See the RCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Rogers Communications Business Description

Address 333 Bloor Street East, 10th Floor, Toronto, ON, CAN, M4W 1G9
Rogers Communications is the largest wireless service provider in Canada with more than 11 million subscribers, equating to one-third of the total Canadian market. Rogers' wireless business accounts for more than half of total revenue and has been growing at a higher rate than other segments. The cable segment, which provides about 38% of total revenue after acquiring Shaw, offers home internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers' media unit, which owns and operates various television and radio stations and major Toronto sports franchises, including the Blue Jays, Maple Leafs, Raptors, Toronto FC, and Argonauts.
79GF Score

Get the complete analysis for RCI

Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$34.03
Price
$39.43
GF Value