Telstra (TLS.AX) - Market capitalization

Market cap: $36.23 Billion USD

As of January 2026 Telstra has a market cap of $36.23 Billion USD. This makes Telstra the world's 676th most valuable company by market cap according to our data. The market capitalization, commonly called market cap, is the total market value of a publicly traded company's outstanding shares and is commonly used to measure how much a company is worth.

Market cap history of Telstra from 1997 to 2026

End of year Market Cap

Year	Marketcap	Change
2026	$36.23 B	-1.1%
2025	$36.64 B	26.62%
2024	$28.93 B	-7.19%
2023	$31.17 B	-0.5%
2022	$31.33 B	-13.06%
2021	$36.04 B	32.25%
2020	$27.25 B	-7.55%
2019	$29.47 B	23.45%
2018	$23.87 B	-29.04%
2017	$33.65 B	-23.32%
2016	$43.88 B	-12.17%
2015	$49.96 B	-16.35%
2014	$59.73 B	2.51%
2013	$58.26 B	3.12%
2012	$56.50 B	34.48%
2011	$42.01 B	19.16%
2010	$35.26 B	-8.02%
2009	$38.33 B	14.03%
2008	$33.62 B	-20.53%
2007	$42.31 B	-12.07%
2006	$48.12 B	34.49%
2005	$35.78 B	-24.32%
2004	$47.27 B	113.45%
2003	$22.14 B	-30.71%
2002	$31.96 B	-10.51%
2001	$35.72 B	-22.05%
2000	$45.82 B	-34.54%
1999	$70.00 B	47.91%
1998	$47.33 B	74.27%
1997	$27.15 B

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Market capitalization of Telstra (TLS.AX)