Revenue
5Y CAGR +0.5%5Y CAGR +0.5%$17.5B FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
BCE
$21.11+2.78%
as of close, Nov 4, 2026
☾ AH $21.11 +2.78%
Head-to-head:Compare with RCI or any ticker →
BCE financial statements
The full income statement, balance sheet, and cash-flow statement for BCE Inc. (BCE), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Financial overview#
Net income
5Y CAGR +18.3%5Y CAGR +18.3%$4.7B FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
EPS (diluted)
5Y CAGR +18.7%5Y CAGR +18.7%$4.86 FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Operating cash flow
5Y CAGR −2.9%5Y CAGR −2.9%$5B FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Capital expenditure
5Y CAGR −3.3%5Y CAGR −3.3%$2.6B FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Free cash flow
5Y CAGR −2.3%5Y CAGR −2.3%$2.4B FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Shares (diluted)
5Y +2.7%5Y +2.7%929.1M FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Dividend per share
5Y CAGR −7.8%5Y CAGR −7.8%$1.65 FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Shares outstanding (point-in-time)
2017-12 901.0M2018-12 898.2M2019-12 903.9M2020-12 904.4M2021-12 909.0M2022-12 912.0M2023-12 912.3M2024-12 912.3M2025-12 929.1M+3.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 17.5B-1.7% | 17.8B-2.6% | 18.3B-1.6% | 18.6B-0.7% | 18.7B+9.6% | |
| Cost of revenue | 5.52B-1.7% | 5.62B-4.3% | 5.87B+0.0% | 5.87B+1.0% | 5.81B+11.8% | |
| Research & development | 42.9M-10.8% | 48.1M-27.8% | 66.7M+52.3% | 43.8M-3.7% | 45.5M+29.7% | |
| Pre-tax income | 5.52B+694.3% | 694M-71.8% | 2.46B-17.7% | 2.99B-4.7% | 3.14B+28.9% | |
| Income tax | 854M+102.9% | 421M-43.0% | 738M-0.7% | 743M-10.8% | 833M+41.0% | |
| 4.66B+1604.3% | 274M-84.1% | 1.72B-23.3% | 2.25B-2.6% | 2.31B+14.6% | ||
| Net income to common | 4.66B+1604.3% | 274M-84.1% | 1.72B-23.3% | 2.25B-2.6% | 2.31B+14.6% | |
| $4.86+3601.0% | $0.13-92.2% | $1.69-26.2% | $2.29-4.0% | $2.39+15.9% | ||
| EPS (basic) | $4.86+3601.0% | $0.13-92.2% | $1.69-26.2% | $2.29-4.0% | $2.39+15.9% | |
| Weighted-avg shares (basic) | 929M+1.8% | 912M+0.0% | 912M+0.1% | 912M+0.6% | 906M+0.2% | |
| Weighted-avg shares (diluted) | 929M+1.8% | 912M+0.0% | 912M+0.0% | 912M+0.6% | 907M+0.3% | |
| Dividends per share | $1.65-43.2% | $2.91+1.5% | $2.87+1.4% | $2.83+1.3% | $2.79+12.4% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.41B-12.8% | 6.20B+4.0% | 5.97B+24.5% | 4.79B-2.3% | 4.91B+9.8% | ||
| Accounts receivable | 3.27B+4.7% | 3.12B+2.5% | 3.05B-0.4% | 3.06B-2.2% | 3.13B+12.8% | |
| Inventory | 284M-2.7% | 292M-16.9% | 351M-27.5% | 485M+27.0% | 382M+10.6% | |
| 58.5B+14.6% | 51.1B-6.0% | 54.3B+6.1% | 51.2B-3.1% | 52.8B+10.9% | ||
| Property, plant & equipment | — | — | — | 21.6B-3.3% | 22.3B+3.4% | |
| Goodwill | 9.66B+35.5% | 7.13B-13.7% | 8.27B+2.6% | 8.06B-3.7% | 8.37B+0.5% | |
| Total non-current assets | 53.1B+18.4% | 44.9B-7.2% | 48.4B+4.2% | 46.4B-3.2% | 47.9B+11.0% | |
| 9.39B-9.0% | 10.3B+12.8% | 9.15B+7.9% | 8.47B+17.5% | 7.21B+11.0% | ||
| Short-term & current debt | — | — | 2.45B+97.6% | 1.24B+58.4% | 784M+2.3% | |
| 41.5B+6.4% | 39.0B+0.5% | 38.8B+12.2% | 34.6B-0.3% | 34.7B+12.3% | ||
| Long-term debt | 25.5B+11.7% | 22.8B-3.0% | 23.5B+14.6% | 20.5B-4.1% | 21.4B+14.0% | |
| 16.8B+41.7% | 11.9B-22.3% | 15.3B-6.7% | 16.4B-8.5% | 17.9B+8.7% | ||
| Total equity incl. non-controlling | 17.0B+41.1% | 12.1B-22.3% | 15.5B-6.6% | 16.6B-8.4% | 18.2B+8.4% | |
| Shares outstanding (cover) | — | — | 912M+0.0% | 912M+0.3% | 909M+0.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.00B-1.8% | 5.10B-13.4% | 5.89B-8.4% | 6.43B+0.6% | 6.39B+10.4% | ||
| Depreciation & amortization | 3.75B+1.9% | 3.68B+0.9% | 3.64B+0.4% | 3.63B-1.3% | 3.68B+11.9% | |
| Intangible amortization | 985M+5.3% | 936M+7.7% | 869M+6.4% | 817M+4.3% | 783M+13.0% | |
| Capital expenditure | 2.65B-6.8% | 2.84B-16.3% | 3.39B-13.9% | 3.94B+1.9% | 3.87B+23.5% | |
| Free cash flow | 2.36B+4.5% | 2.25B-9.6% | 2.49B+0.4% | 2.48B-1.4% | 2.52B-5.0% | |
| Long-term debt issued | 5.59B+99.8% | 2.80B-27.4% | 3.85B+156.8% | 1.50B-62.3% | 3.98B-11.2% | |
| Long-term debt repaid | 7.22B+199.8% | 2.41B+75.0% | 1.38B-11.4% | 1.55B-29.2% | 2.19B-41.2% | |
| Common stock issued | 0.00 | 0.00-100.0% | 13.3M-89.8% | 131M-36.9% | 208M+973.5% | |
| Common stock repurchased | — | — | — | 96.0M | 0.00 | |
| Dividends paid | 1.56B-43.8% | 2.77B+2.0% | 2.72B+2.6% | 2.65B+2.0% | 2.60B+12.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 22.1B+4.7% | 21.1B-41.1% | 35.9B-10.1% | 40.0B-15.5% | 47.3B+22.2% | |
| P/E | 4.7×-93.9% | 77.3×+384.0% | 16.0×-7.7% | 17.3×-15.5% | 20.5×+6.6% | |
| P/S | 1.3×+6.4% | 1.2×-38.6% | 1.9×-9.5% | 2.1×-15.5% | 2.5×+11.5% | |
| P/B | 1.3×-26.1% | 1.8×-18.7% | 2.2×-1.7% | 2.2×-15.5% | 2.6×+12.5% | |
| P/FCF | 9.4×+0.1% | 9.4×-35.1% | 14.5×-8.9% | 15.9×-15.5% | 18.8×+28.6% | |
| Earnings yield | 21.1%+1528.5% | 1.3%-79.3% | 6.3%+8.4% | 5.8%+18.4% | 4.9%-6.2% | |
| FCF yield | 10.6%-0.1% | 10.7%+54.2% | 6.9%+9.7% | 6.3%+18.4% | 5.3%-22.2% | |
| Dividend yield | 6.9%-44.7% | 12.6%+72.4% | 7.3%+13.2% | 6.4%+19.9% | 5.4%-7.6% | |
| Source filing | 40-F | 40-F | 40-F | 40-F | 40-F |
About this data
Source: BCE’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BCE filings on SEC EDGAR → Not investment advice.
Head-to-head:Compare with RCI or any ticker →