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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2,162 | 1,149 | 1,561 | 1,914 | 1,947 | 1,571 | 1,877 | 1,842 | 2,137 | 1,132 | 2,373 | 1,961 |
| Depreciation and amortization | 1,376 | 1,356 | 145 | 1,309 | 1,287 | 1,272 | 108 | 1,259 | 1,270 | 1,262 | 220 | 1,232 |
| Capital expenditure | -1,080 | -841 | -1,317 | -891 | -763 | -729 | -963 | -954 | -978 | -1,002 | -1,029 | -1,159 |
| Investing cash flow | -1,127 | -904 | -1,301 | -1,210 | -750 | -339 | -604 | -1,048 | -1,888 | -898 | -2,058 | -1,176 |
| Financing cash flow | -1,934 | 704 | -404 | -751 | -1,739 | -1,752 | -1,561 | -582 | 439 | -46.0 | -162 | -1,066 |
| Dividends paid | -444 | -444 | -454 | -436 | -646 | -641 | -963 | -953 | -955 | -929 | -928 | -918 |
| Share repurchases | -33.0 | -62.0 | -87.0 | -33.0 | -32.0 | -64.0 | -49.0 | -42.0 | -40.0 | -104 | -44.0 | -44.0 |
| Debt issued | 2,647 | 2,389 | 608 | 2,996 | 723 | 4,437 | -185 | 773 | 2,021 | 3,170 | 1,331 | 1,161 |
| Debt repaid | -3,961 | -1,120 | -418 | -3,065 | -1,725 | -5,387 | -322 | -343 | -525 | -2,113 | -455 | -1,220 |
| Effect of exchange rates | 2.0 | — | -1.0 | 2.0 | 0.0 | — | — | — | — | — | — | — |
| Net change in cash | -897 | 946 | -146 | -45.0 | -542 | -523 | -288 | 212 | 609 | 242 | -22.0 | -281 |
| Free cash flow | 1,082 | 308 | 244 | 1,023 | 1,184 | 842 | 914 | 888 | 1,159 | 130 | 1,344 | 802 |
| Levered free cash flow | 993 | 342 | 408 | 861 | 1,072 | 978 | 667 | 1,059 | 503 | 195 | 1,263 | 764 |