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BCE Inc (BCE) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

COMMUNICATION SERVICES · TELECOM SERVICES · DATA UPDATED 2026-09-19

BCE Inc (BCE) operates in the TELECOM SERVICES industry and is headquartered in Verdun, Canada with about 38,683 employees. Its market capitalization is roughly $21 billion. In the fiscal year ended 2025-12-31, BCE reported C$24.5B in revenue and C$6.5B in net income.

BCE Inc., a communications company, provides wireless, wireline, internet, streaming services, and television (TV) services to residential, business, and wholesale customers in Canada.

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BCE Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Total RevenueC$24.8BC$24.5BC$24.4BC$24.7BC$24.2BC$23.4BC$22.9BC$18.3BC$23.5BC$22.7BC$21.7BC$21.5BC$21.0BC$20.4BC$20.0BC$19.5BC$18.1BC$17.7BC$17.7BC$17.9BC$17.7B
Gross ProfitC$16.7BC$16.7BC$7.4BC$16.5BC$16.2BC$15.9BC$5.9BC$9.8BC$9.6BC$15.0BC$14.9BC$8.5BC$14.4BC$8.0BC$7.9BC$12.9BC$13.2BC$13.3BC$13.8BC$13.7B
Gross Margin %68.5%68.4%30.1%68.4%68.9%69.5%31.9%41.8%42.1%69.1%69.3%40.6%70.8%40.2%40.4%71.4%74.5%75.2%77.1%77.3%
Operating Income (EBIT)C$10.7BC$5.4BC$5.5BC$5.5BC$5.5BC$5.3BC$5.2BC$4.4BC$5.5BC$5.4BC$5.3BC$5.1BC$4.9BC$4.5BC$4.5BC$4.4BC$3.8BC$3.7BC$3.7BC$3.8BC$3.7B
Operating Margin %43.0%22.1%22.7%22.3%22.7%22.5%22.5%23.8%23.5%23.9%24.3%23.8%23.1%22.2%22.5%22.4%21.0%21.0%21.1%21.3%20.6%
Net IncomeC$6.3BC$6.5BC$344MC$2.3BC$2.9BC$2.8BC$2.6BC$2.5BC$2.9BC$3.0BC$3.0BC$2.7BC$2.5BC$2.1BC$2.6BC$2.3BC$2.2BC$1.7BC$943MC$4.1BC$2.0B
Net Margin %25.3%26.4%1.4%9.2%11.9%12.1%11.5%13.4%12.5%13.2%14.0%12.4%11.9%10.3%13.0%12.0%12.2%9.8%5.3%22.7%11.3%
EBITDAC$14.7BC$7.7BC$9.8BC$9.8BC$9.7BC$8.8BC$7.6BC$9.1BC$9.0BC$8.7BC$8.1BC$8.1BC$7.7BC$8.0BC$8.4BC$7.6BC$6.5BC$8.1BC$7.0BC$6.8B
Earnings Per Share (EPS)C$6.68C$6.96C$0.38C$2.48C$3.14C$3.13C$2.91C$2.73C$3.26C$3.35C$3.48C$3.16C$3.15C$2.71C$3.35C$3.03C$2.89C$2.25C$1.17C$5.03C$2.33
Shares Outstanding (M)929M912M912M912M907M904M901M899M895M870M848M795M776M775M772M760M773M807M806M861M

CAD; C$M / C$B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BCE Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Total RevenueC$6.2BC$6.2BC$6.4BC$6.0BC$6.1BC$5.9BC$6.4BC$6.0BC$6.0B
Gross ProfitC$1.9B(C$1.8B)C$4.3BC$4.2BC$4.0BC$4.1BC$4.2BC$4.2B
Gross Margin %30.0%-27.5%70.8%68.6%68.1%64.4%70.9%69.9%
Operating Income (EBIT)C$1.3BC$1.3BC$6.6BC$1.5BC$1.4BC$1.3BC$1.4BC$1.5BC$1.4B
Operating Margin %21.5%20.7%103.6%24.0%22.8%21.7%21.1%24.5%23.8%
Net IncomeC$597MC$655MC$470MC$4.5BC$619MC$671MC$504M(C$1.2B)C$583M
Net Margin %9.7%10.6%7.4%75.0%10.2%11.3%7.8%-20.0%9.7%
EBITDAC$2.7BC$3.9BC$6.8BC$2.6BC$2.6BC$2.4BC$522MC$2.5B
Earnings Per Share (EPS)C$0.60C$0.70C$0.51C$4.87C$0.66C$0.73C$0.55C$-1.31C$0.64
Shares Outstanding (M)932M929M932M931M920M912M912M912M

CAD; C$M / C$B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BCE Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Cash from Operations (CFO)C$6.8BC$7.0BC$7.0BC$7.9BC$8.4BC$8.0BC$7.8BC$8.0BC$7.4BC$7.4BC$6.6BC$6.3BC$6.2BC$6.5BC$5.6BC$4.9BC$4.7BC$4.9BC$5.9BC$5.7BC$5.4B
Capital Expenditures (CapEx)C$4.1BC$3.7BC$4.4BC$4.8BC$5.1BC$6.9BC$4.3BC$4.0BC$4.0BC$4.0BC$3.8BC$4.2BC$4.3BC$3.6BC$3.5BC$3.3BC$3.0BC$2.9BC$3.0BC$3.2BC$3.1B
Free Cash Flow (FCF)C$2.7BC$3.3BC$2.6BC$3.2BC$3.2BC$1.1BC$3.5BC$4.0BC$3.4BC$3.3BC$2.9BC$2.1BC$2.0BC$2.9BC$2.0BC$1.6BC$1.8BC$2.0BC$2.9BC$2.6BC$2.2B
FCF Margin %10.7%13.5%10.5%12.9%13.4%4.6%15.2%21.6%14.3%14.6%13.2%9.8%9.3%14.2%10.2%8.3%9.8%11.4%16.4%14.3%12.7%
Dividends PaidC$2.2BC$3.8BC$3.7BC$3.4BC$3.3BC$3.1BC$3.0BC$2.8BC$2.6BC$2.4BC$2.3BC$2.0BC$1.9BC$1.8BC$1.6BC$1.8BC$1.7BC$1.1BC$1.3BC$1.3B

CAD; C$M / C$B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BCE Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Cash from Operations (CFO)C$2.2BC$1.2BC$1.6BC$1.9BC$1.9BC$1.1BC$1.3BC$1.8BC$1.6B
Capital Expenditures (CapEx)C$1.1BC$843MC$1.3BC$894MC$763MC$507MC$669MC$967MC$715M
Free Cash Flow (FCF)C$1.1BC$309MC$244MC$1.0BC$1.2BC$585MC$635MC$875MC$847M
FCF Margin %17.5%5.0%3.8%16.9%19.5%9.9%9.9%14.6%14.1%
Dividends PaidC$445MC$454MC$436MC$646MC$445MC$669MC$953MC$698M

CAD; C$M / C$B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BCE Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Total AssetsC$81.0BC$80.2BC$73.5BC$71.9BC$69.3BC$66.8BC$47.6BC$46.4BC$57.1BC$55.8BC$50.1BC$48.0BC$46.3BC$45.4BC$41.0BC$39.4BC$39.3BC$38.0BC$39.7BC$37.8BC$37.0B
Cash & Cash EquivalentsC$479MC$320MC$1.6BC$772MC$149MC$289MC$176MC$112MC$425MC$625MC$853MC$613MC$566MC$335MC$127MC$175MC$774MC$687MC$3.1BC$2.7BC$581M
Total LiabilitiesC$56.9BC$56.9BC$56.1BC$51.4BC$46.8BC$43.8BC$30.9BC$29.9BC$36.4BC$35.2BC$32.3BC$30.7BC$31.1BC$29.1BC$26.2BC$24.7BC$21.1BC$20.0BC$21.3BC$19.9BC$21.4B
Total Debt (Short + Long-Term)C$41.8BC$41.1BC$38.3BC$36.2BC$31.9BC$29.7BC$25.8BC$21.6BC$19.6BC$18.6BC$17.0BC$20.3BC$17.8BC$18.0BC$16.1BC$14.6BC$11.9BC$10.4BC$10.5BC$11.4BC$11.2B
Total Shareholders' EquityC$23.9BC$23.0BC$17.1BC$20.2BC$22.2BC$22.6BC$16.5BC$16.3BC$20.4BC$19.2BC$17.5BC$17.0BC$14.9BC$15.0BC$13.9BC$13.8BC$17.2BC$17.0BC$17.3BC$17.2BC$13.4B

CAD; C$M / C$B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive BCE viewer.

BCE Metric Deep Dives

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