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 |
|---|---|---|---|---|---|
| Total revenue | 24,468 | 24,409 | 24,673 | 24,174 | 23,449 |
| Cost of revenue | 13,446 | 13,479 | 13,840 | 13,647 | 13,363 |
| Gross profit | 11,022 | 10,930 | 10,833 | 10,527 | 10,086 |
| Selling, general and administrative | 220 | 216 | 218 | 220 | 213 |
| Research and development | 60.0 | 66.0 | 90.0 | 57.0 | — |
| Operating income | 5,434 | 5,607 | 5,607 | 5,527 | 5,264 |
| EBIT | 5,434 | 5,607 | 5,607 | 5,527 | 5,264 |
| EBITDA | 8,573 | 8,658 | 8,703 | 8,615 | 8,328 |
| Interest expense | 1,775 | 1,713 | 1,475 | 1,146 | 1,082 |
| Pre-tax income | 7,707 | 952 | 3,323 | 3,893 | 3,936 |
| Income tax | 1,193 | 577 | 996 | 967 | 1,044 |
| Net income | 6,460 | 344 | 2,263 | 2,868 | 2,840 |
| Net income to common shareholders | 6,305 | 163 | 2,076 | 2,716 | 2,709 |
| Basic EPS | 6.79 | 0.18 | 2.28 | 2.98 | 2.99 |
| Diluted EPS | 6.79 | 0.18 | 2.28 | 2.98 | 2.99 |
| Average shares (basic) | 929 | 912 | 912 | 912 | 906 |
| Average shares (diluted) | 929 | 912 | 912 | 912 | 907 |
| Dividend per share | 2.31 | 3.99 | 3.87 | 3.68 | 3.50 |