BCE
BCE Inc
NYSE: BCE · COMMUNICATION SERVICES · TELECOM SERVICES
$23.26
-1.02% today
Updated 2026-04-29
Market cap
$21.91B
P/E ratio
4.75
P/S ratio
0.90x
EPS (TTM)
$4.95
Dividend yield
9.80%
52W range
$20 – $26
Volume
3.3M
BCE Inc (BCE) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.71B | $17.87B | $17.70B | $17.73B | $18.07B | $19.50B | $19.98B | $20.40B | $21.04B | $21.51B | $21.72B | $22.72B | $23.47B | $18.35B | $22.88B | $23.45B | $24.17B | $24.67B | $24.41B | $24.45B |
| Revenue growth (YoY) | — | +0.9% | -0.9% | +0.2% | +1.9% | +7.9% | +2.5% | +2.1% | +3.1% | +2.2% | +1.0% | +4.6% | +3.3% | -21.8% | +24.7% | +2.5% | +3.1% | +2.1% | -1.1% | +0.2% |
| Cost of revenue | $4.02B | $4.09B | $4.39B | $4.53B | $5.17B | $11.63B | $11.95B | $5.96B | $12.51B | $6.60B | $6.71B | $13.15B | $13.65B | $12.50B | $6.97B | $7.28B | $7.64B | $17.25B | $7.71B | $7.72B |
| Gross profit | $13.69B | $13.77B | $13.31B | $13.21B | $12.89B | $7.87B | $8.03B | $14.44B | $8.54B | $14.92B | $15.01B | $9.57B | $9.82B | $5.85B | $15.92B | $16.16B | $16.53B | $7.42B | $16.70B | $16.75B |
| Gross margin | 77.3% | 77.1% | 75.2% | 74.5% | 71.4% | 40.4% | 40.2% | 70.8% | 40.6% | 69.3% | 69.1% | 42.1% | 41.8% | 31.9% | 69.6% | 68.9% | 68.4% | 30.1% | 68.4% | 68.5% |
| R&D | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $224.58M | $227.00M | $201.00M | $167.00M | $134.00M | $147.00M | $119.00M | $106.00M | $84.06M | $47.00M | $57.00M | $57.00M | $90.00M | $66.00M | $59.95M |
| SG&A | $512.58M | $6.72B | $6.27B | $6.12B | $5.93B | $650.00M | $4.44B | $292.00M | $276.00M | $281.00M | $4.31B | $242.00M | $266.00M | $247.00M | $4.34B | $4.42B | $4.42B | $4.41B | $4.20B | $3.98B |
| Operating income | $3.65B | $3.81B | $3.74B | $3.72B | $3.80B | $4.37B | $4.50B | $4.54B | $4.85B | $5.13B | $5.28B | $5.44B | $5.52B | $4.37B | $5.16B | $5.28B | $5.48B | $5.50B | $5.55B | $5.42B |
| Operating margin | 20.6% | 21.3% | 21.1% | 21.0% | 21.0% | 22.4% | 22.5% | 22.2% | 23.1% | 23.8% | 24.3% | 23.9% | 23.5% | 23.8% | 22.5% | 22.5% | 22.7% | 22.3% | 22.7% | 22.2% |
| EBITDA | $6.78B | $6.99B | $8.13B | $6.54B | $7.62B | $8.38B | $8.02B | $7.68B | $8.13B | $8.09B | $8.67B | $8.99B | $9.05B | $7.63B | $8.82B | $9.66B | $9.76B | $9.76B | $7.74B | $10.65B |
| EBITDA margin | 38.3% | 39.1% | 45.9% | 36.9% | 42.2% | 43.0% | 40.2% | 37.6% | 38.6% | 37.6% | 39.9% | 39.6% | 38.6% | 41.6% | 38.6% | 41.2% | 40.4% | 39.5% | 31.7% | 43.6% |
| EBIT | $3.65B | $3.81B | $4.86B | $3.17B | $4.50B | $5.12B | $4.63B | $4.30B | $4.68B | $4.67B | $5.17B | $5.15B | $5.04B | $4.28B | $4.42B | $5.05B | $5.04B | $4.84B | $2.70B | $5.42B |
| Interest expense | $0.00 | $0.00 | $791.00M | $723.00M | $1.68B | $1.83B | $996.00M | $1.08B | $1.03B | $1.02B | $969.00M | $1.03B | $1.07B | $1.20B | $1.16B | $1.11B | $1.15B | $1.52B | $1.75B | $1.77B |
| Income tax | $85.04M | $725.00M | $469.00M | $368.00M | $632.00M | $720.00M | $760.00M | $828.00M | $929.00M | $924.00M | $1.11B | $1.07B | $995.00M | $870.64M | $792.00M | $1.04B | $967.00M | $996.00M | $577.00M | $1.19B |
| Effective tax rate | 4.1% | 15.2% | 33.2% | 17.5% | 22.4% | 23.5% | 22.7% | 28.2% | 27.1% | 25.7% | 26.8% | 26.3% | 25.4% | 26.1% | 23.1% | 26.9% | 25.2% | 30.6% | 62.6% | 15.9% |
| Net income | $2.01B | $4.06B | $943.00M | $1.74B | $2.19B | $2.34B | $2.60B | $2.11B | $2.50B | $2.68B | $3.03B | $2.99B | $2.93B | $2.46B | $2.63B | $2.84B | $2.87B | $2.26B | $344.00M | $6.30B |
| Net income growth (YoY) | — | +102.1% | -76.8% | +84.3% | +26.3% | +6.6% | +10.9% | -18.8% | +18.7% | +7.1% | +13.2% | -1.2% | -2.2% | -16.0% | +7.0% | +7.8% | +1.0% | -21.1% | -84.8% | +1731.4% |
| Profit margin | 11.3% | 22.7% | 5.3% | 9.8% | 12.1% | 12.0% | 13.0% | 10.3% | 11.9% | 12.4% | 14.0% | 13.2% | 12.5% | 13.4% | 11.5% | 12.1% | 11.9% | 9.2% | 1.4% | 25.8% |