BCE revenue and financials
$28.15Change from previous close: −0.07%Absolute change: −$0.02
In the fiscal year ended December 2025, BCE reported revenue of $24.47B (+0.24% year over year). Net income was $6.46B, a net margin of 26.4%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +0.24%
- 2025 vs 2024
- Net income growth
- +1,777.91%
- 2025 vs 2024
- Net margin
- 26.4%
- 2024: 1.4%
Financial data
Amounts in millions of CAD; per-share values in CAD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 6,993 | 6,988 | 7,946 | 8,365 | 8,008 |
| Depreciation and amortization | 4,013 | 3,899 | 3,885 | 3,797 | 3,758 |
| Capital expenditure | -3,700 | -3,897 | -4,581 | -5,133 | -4,852 |
| Investing cash flow | -3,600 | -4,438 | -5,781 | -5,517 | -7,018 |
| Financing cash flow | -4,646 | -1,750 | -1,542 | -2,988 | -925 |
| Dividends paid | -2,177 | -3,800 | -3,668 | -3,448 | -3,257 |
| Share repurchases | -216 | -235 | -223 | -255 | -297 |
| Debt issued | 8,261 | 5,779 | 5,195 | 2,762 | 5,336 |
| Debt repaid | -10,092 | -3,303 | -2,653 | -2,023 | -2,901 |
| Effect of exchange rates | 1.0 | 0.0 | — | — | — |
| Net change in cash | -1,253 | 800 | 448 | -190 | 65.0 |
| Free cash flow | 3,293 | 3,091 | 3,365 | 3,232 | 3,156 |
| Levered free cash flow | 3,318 | 2,425 | 2,777 | 2,841 | 573 |