BCE revenueFY2025C$24.47B
- FY YoY
- +0.2%
- 5Y CAGR
- +1.3%
BCE revenue was C$24.47B for fiscal 2025 (ended Dec 31, 2025), up 0.2% from fiscal 2024. Compound annual growth was +1.3% over 5 years. It rose in 7 of the last 9 fiscal years.
BCE Inc. (BCE) financials
For fiscal 2025 (ended Dec 31, 2025), BCE Inc. reported C$24.47B of revenue and C$6.51B of net income. Figures are in CAD, the currency of its SEC filings.
- Revenue, FY2025
- C$24.47B
- Revenue growth, YoY
- +0.2%
- Net income, FY2025
- C$6.51B
- Net income growth, YoY
- 17x
- Net margin
- 26.6%
- Free cash flow, FY2025
- C$3.29B
- EPS, diluted, FY2025
- C$6.79
- EPS growth, YoY
- 38x
- Cash
- C$314.00M
- Total debt
- C$41.06B
FY2016FY2025
FY2016FY2025
FY2016FY2025
BCE revenue and earnings growth
BCE net incomeFY2025C$6.51B
- FY YoY
- 17x
- 5Y CAGR
- +19.3%
BCE net income was C$6.51B for fiscal 2025 (ended Dec 31, 2025), up about 17-fold from fiscal 2024. Compound annual growth was +19.3% over 5 years. It rose in 4 of the last 9 fiscal years. Fiscal 2025 is the highest of the 10 fiscal years on file.
BCE EPSFY2025C$6.79
- FY YoY
- 38x
- 5Y CAGR
- +19.7%
BCE diluted EPS was C$6.79 for fiscal 2025 (ended Dec 31, 2025), up about 38-fold from fiscal 2024. Compound annual growth was +19.7% over 5 years.
BCE free cash flowFY2025C$3.29B
- FY YoY
- +6.5%
- 5Y CAGR
- -1.5%
BCE free cash flow was C$3.29B for fiscal 2025 (ended Dec 31, 2025), up 6.5% from fiscal 2024. Compound annual growth was -1.5% over 5 years. It rose in 6 of the last 9 fiscal years.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$24.47B | C$24.41B | C$24.67B | C$24.17B | C$23.45B | C$22.88B | C$23.79B | C$23.47B | C$22.76B | C$21.72B |
| Cost of revenue | C$7.72B | C$7.71B | C$7.93B | C$7.64B | C$7.28B | C$6.97B | C$7.36B | C$7.35B | C$7.01B | C$6.71B |
| Gross profit | C$16.75B | C$16.70B | C$16.75B | C$16.53B | C$16.16B | C$15.92B | C$16.44B | C$16.12B | C$15.74B | C$15.01B |
| Research and development | C$60.00M | C$66.00M | C$90.00M | C$57.00M | C$57.00M | C$47.00M | C$109.00M | C$106.00M | C$119.00M | C$147.00M |
| Interest expense | C$1.77B | C$1.71B | C$1.48B | C$1.15B | - | C$1.11B | C$1.13B | C$1.00B | C$955.00M | C$888.00M |
| Pre-tax income | C$7.71B | C$952.00M | C$3.32B | C$3.89B | C$3.94B | C$3.27B | C$4.35B | C$3.97B | C$4.12B | C$4.20B |
| Income tax | C$1.19B | C$577.00M | C$996.00M | C$967.00M | C$1.04B | C$792.00M | C$1.13B | C$995.00M | C$1.07B | C$1.11B |
| Net income | C$6.51B | C$375.00M | C$2.33B | C$2.93B | C$2.89B | C$2.70B | C$3.25B | C$2.97B | C$3.05B | C$3.09B |
| EPS, basic | C$6.79 | C$0.18 | C$2.28 | C$2.98 | C$2.99 | C$2.76 | - | - | C$3.12 | C$3.33 |
| EPS, diluted | C$6.79 | C$0.18 | C$2.28 | C$2.98 | C$2.99 | C$2.76 | - | - | C$3.20 | C$3.33 |
| Diluted shares | 929.1M | 912.3M | 912.2M | 912.0M | 906.7M | 904.4M | 901.4M | 898.9M | 894.9M | 870.3M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | C$314.00M | C$1.57B | C$547.00M | C$99.00M | C$289.00M | C$224.00M | C$141.00M | C$425.00M | C$442.00M | C$603.00M |
| Receivables | C$4.47B | C$4.49B | C$4.03B | C$4.14B | C$3.95B | C$3.53B | C$3.04B | C$3.01B | C$3.13B | C$2.98B |
| Inventory | C$389.00M | C$420.00M | C$465.00M | C$656.00M | C$482.00M | C$439.00M | C$427.00M | C$432.00M | C$380.00M | C$403.00M |
| Current assets | C$7.41B | C$8.92B | C$7.90B | C$6.49B | C$6.20B | C$5.69B | C$5.52B | C$5.79B | C$5.66B | C$4.86B |
| Goodwill | C$13.23B | C$10.26B | C$10.94B | C$10.91B | C$10.57B | C$10.60B | C$10.67B | C$10.66B | C$10.43B | C$8.96B |
| Total assets | C$80.17B | C$73.48B | C$71.94B | C$69.33B | C$66.76B | C$60.66B | C$60.15B | C$57.10B | C$55.80B | C$50.11B |
| Current liabilities | C$12.86B | C$14.85B | C$12.11B | C$11.47B | C$9.11B | C$8.27B | C$9.78B | C$10.43B | C$10.73B | C$10.11B |
| Short-term debt | C$6.16B | C$7.67B | C$5.04B | C$4.14B | C$2.63B | C$2.42B | C$3.88B | C$4.64B | C$5.18B | C$4.89B |
| Long-term debt | C$34.90B | C$32.84B | C$31.14B | C$27.78B | C$27.05B | C$23.91B | C$22.41B | C$19.76B | C$18.21B | C$16.57B |
| Total debt | C$41.06B | C$40.50B | C$36.18B | C$31.92B | C$29.67B | C$26.32B | C$26.30B | C$24.41B | C$23.39B | C$21.46B |
| Total liabilities | C$56.85B | C$56.13B | C$51.38B | C$46.81B | C$43.82B | C$39.34B | C$38.74B | C$36.41B | C$35.18B | C$32.25B |
| Shareholders' equity | C$23.02B | C$17.07B | C$20.56B | C$22.52B | C$22.94B | C$21.33B | C$21.41B | C$20.36B | C$20.30B | C$18.92B |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | C$6.99B | C$6.99B | C$7.95B | C$8.37B | C$8.01B | C$7.75B | C$7.96B | C$7.38B | C$7.36B | C$6.64B |
| Capital expenditures | C$3.70B | C$3.90B | C$4.58B | C$5.13B | C$4.85B | C$4.20B | C$3.97B | C$3.97B | C$4.03B | C$3.77B |
| Free cash flow | C$3.29B | C$3.09B | C$3.37B | C$3.23B | C$3.16B | C$3.55B | C$3.98B | C$3.41B | C$3.32B | C$2.87B |
| Investing cash flow | -C$3.60B | -C$4.44B | -C$5.78B | -C$5.52B | -C$7.02B | -C$3.54B | -C$4.04B | -C$4.39B | -C$5.44B | -C$4.58B |
| Financing cash flow | -C$4.65B | -C$1.75B | -C$1.54B | -C$2.99B | -C$925.00M | -C$4.13B | -C$4.20B | -C$3.20B | -C$2.15B | -C$1.82B |
| Share repurchases | C$216.00M | C$235.00M | C$223.00M | C$255.00M | C$297.00M | C$263.00M | C$142.00M | C$222.00M | C$224.00M | C$106.00M |
| Depreciation and amortization | C$5.24B | C$5.04B | C$4.92B | C$4.72B | C$4.61B | C$4.40B | C$4.34B | C$4.01B | C$3.84B | C$3.51B |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 0.2% | -1.1% | 2.1% | 3.1% | 2.5% | -3.8% | 1.4% | 3.1% | 4.8% | - |
| Net income growth, YoY | 1637.1% | -83.9% | -20.5% | 1.2% | 7.2% | -17.0% | 9.4% | -2.5% | -1.2% | - |
| EPS growth, YoY | 3672.2% | -92.1% | -23.5% | -0.3% | 8.3% | - | - | - | -3.9% | - |
| Gross margin | 68.4% | 68.4% | 67.9% | 68.4% | 68.9% | 69.6% | 69.1% | 68.7% | 69.2% | 69.1% |
| Net margin | 26.6% | 1.5% | 9.4% | 12.1% | 12.3% | 11.8% | 13.7% | 12.7% | 13.4% | 14.2% |
| Free cash flow margin | 13.5% | 12.7% | 13.6% | 13.4% | 13.5% | 15.5% | 16.7% | 14.5% | 14.6% | 13.2% |
| Return on equity | 28.3% | 2.2% | 11.3% | 13.0% | 12.6% | 12.7% | 15.2% | 14.6% | 15.0% | 16.3% |
| Return on assets | 8.1% | 0.5% | 3.2% | 4.2% | 4.3% | 4.4% | 5.4% | 5.2% | 5.5% | 6.2% |
| Current ratio | 0.58 | 0.60 | 0.65 | 0.57 | 0.68 | 0.69 | 0.56 | 0.56 | 0.53 | 0.48 |
| Debt to equity | 1.78 | 2.37 | 1.76 | 1.42 | 1.29 | 1.23 | 1.23 | 1.20 | 1.15 | 1.13 |
Source: XBRL data BCE Inc. files with the SEC, latest filing dated Mar 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
BCE peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| BCE | C$24.47B | +0.2% | C$6.51B | 26.6% | $20.16B |
| VZ | $139.39B | +1.4% | $16.42B | 11.8% | $189.35B |
| TMUS | $93.82B | +9.3% | $11.30B | 12.0% | $171.61B |
| T | $128.85B | +3.5% | $13.13B | 10.2% | $145.71B |
| GLW | $17.72B | +18.8% | $2.24B | 12.6% | $91.42B |
| AMX | MXN 943.64B | +8.6% | MXN 82.82B | 8.8% | $77.40B |
| LITE | $3.74B | +103.2% | -$6.58B | -175.8% | $48.85B |
| CHT | NT$236.11B | +2.7% | NT$38.70B | 16.4% | $38.67B |
| VOD | €40.46B | +8.0% | -€397.00M | -1.0% | $36.05B |
BCE FAQ
9 questionsWhat is BCE revenue?
BCE Inc. (BCE) reported C$24.47B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 0.2% from the year before.Is BCE profitable?
Yes. BCE Inc. earned C$6.51B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 26.6%.How much cash and debt does BCE have?
BCE Inc. reported C$314.00M in cash and cash equivalents and C$41.06B of debt on its most recent balance sheet in SEC filings.How fast is BCE revenue growing?
BCE Inc.'s revenue changed +0.2% in fiscal 2025, to C$24.47B. Its compound annual growth rate was +1.3% over 5 years.What is BCE gross margin?
BCE Inc.'s gross profit was C$16.75B on C$24.47B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 68.4%.What is BCE free cash flow?
BCE Inc. generated C$3.29B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of C$6.99B less capital expenditures.What is BCE earnings per share?
Diluted earnings per share were C$6.79 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did BCE last report financial results?
The latest statements here come from BCE Inc.'s 40-F filed on Mar 6, 2026, covering the period ended Dec 31, 2025.Where does this BCE financial data come from?
Quantisnow builds these statements from the structured XBRL data BCE Inc. files with the SEC. It is provided for information only and is not investment advice.