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BCE INC

BCE Clue Score62
Fiscal year ends December CIK 0000718940
$18.78 -5.91% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $18.78 −62.89% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue21.72Net income3.09EPS, diluted3.33Fiscal year 2017Revenue22.72 +4.6%Net income3.05 −1.2%EPS, diluted3.20 −3.9%Fiscal year 2018Revenue23.47 +3.3%Net income2.97 −2.5%Fiscal year 2019Revenue23.79 +1.4%Net income3.25 +9.4%Fiscal year 2020Revenue22.88 −3.8%Net income2.70 −17.0%EPS, diluted2.76Fiscal year 2021Revenue23.45 +2.5%Net income2.89 +7.2%EPS, diluted2.99 +8.3%Fiscal year 2022Revenue24.17 +3.1%Net income2.93 +1.2%EPS, diluted2.98 −0.3%Fiscal year 2023Revenue24.67 +2.1%Net income2.33 −20.5%EPS, diluted2.28 −23.5%Fiscal year 2024Revenue24.41 −1.1%Net income0.38 −83.9%EPS, diluted0.18 −92.1%Fiscal year 2025Revenue24.47 +0.2%Net income6.51 +1,637.1%EPS, diluted6.79 +3,672.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 21.72 22.72 23.47 23.79 22.88 23.45 24.17 24.67 24.41 24.47
Growth +4.6% +3.3% +1.4% −3.8% +2.5% +3.1% +2.1% −1.1% +0.2%
Net income 3.09 3.05 2.97 3.25 2.70 2.89 2.93 2.33 0.38 6.51
Growth −1.2% −2.5% +9.4% −17.0% +7.2% +1.2% −20.5% −83.9% +1,637.1%
EPS, diluted 3.33 3.20 n/a n/a 2.76 2.99 2.98 2.28 0.18 6.79
Growth −3.9% +8.3% −0.3% −23.5% −92.1% +3,672.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin14.2%Free cash flow margin13.2%Fiscal year 2017Net margin13.4%Free cash flow margin14.6%Fiscal year 2018Net margin12.7%Free cash flow margin14.5%Fiscal year 2019Net margin13.7%Free cash flow margin16.7%Fiscal year 2020Net margin11.8%Free cash flow margin15.5%Fiscal year 2021Net margin12.3%Free cash flow margin13.5%Fiscal year 2022Net margin12.1%Free cash flow margin13.4%Fiscal year 2023Net margin9.4%Free cash flow margin13.6%Fiscal year 2024Net margin1.5%Free cash flow margin12.7%Fiscal year 2025Net margin26.6%Free cash flow margin13.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 14.2% 13.4% 12.7% 13.7% 11.8% 12.3% 12.1% 9.4% 1.5% 26.6%
Free cash flow margin 13.2% 14.6% 14.5% 16.7% 15.5% 13.5% 13.4% 13.6% 12.7% 13.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow6.64Capital expenditure−3.77Free cash flow2.87Buybacks−0.11Dividends paid−2.51Fiscal year 2017Operating cash flow7.36Capital expenditure−4.03Free cash flow3.32 +15.7%Buybacks−0.22Dividends paid−2.69Fiscal year 2018Operating cash flow7.38Capital expenditure−3.97Free cash flow3.41 +2.7%Buybacks−0.22Dividends paid−2.86Fiscal year 2019Operating cash flow7.96Capital expenditure−3.97Free cash flow3.98 +16.7%Buybacks−0.14Dividends paid−3.01Fiscal year 2020Operating cash flow7.75Capital expenditure−4.20Free cash flow3.55 −10.8%Buybacks−0.26Dividends paid−3.15Fiscal year 2021Operating cash flow8.01Capital expenditure−4.85Free cash flow3.16 −11.1%Buybacks−0.30Dividends paid−3.31Fiscal year 2022Operating cash flow8.37Capital expenditure−5.13Free cash flow3.23 +2.4%Buybacks−0.26Dividends paid−3.51Fiscal year 2023Operating cash flow7.95Capital expenditure−4.58Free cash flow3.37 +4.1%Buybacks−0.22Dividends paid−3.72Fiscal year 2024Operating cash flow6.99Capital expenditure−3.90Free cash flow3.09 −8.1%Buybacks−0.24Dividends paid−3.83Fiscal year 2025Operating cash flow6.99Capital expenditure−3.70Free cash flow3.29 +6.5%Buybacks−0.22Dividends paid−2.31
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 6.64 7.36 7.38 7.96 7.75 8.01 8.37 7.95 6.99 6.99
Capital expenditure −3.77 −4.03 −3.97 −3.97 −4.20 −4.85 −5.13 −4.58 −3.90 −3.70
Free cash flow 2.87 3.32 3.41 3.98 3.55 3.16 3.23 3.37 3.09 3.29
Growth +15.7% +2.7% +16.7% −10.8% −11.1% +2.4% +4.1% −8.1% +6.5%
Buybacks −0.11 −0.22 −0.22 −0.14 −0.26 −0.30 −0.26 −0.22 −0.24 −0.22
Dividends paid −2.51 −2.69 −2.86 −3.01 −3.15 −3.31 −3.51 −3.72 −3.83 −2.31

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Total debt
Fiscal year 2016Total debt17.88Shareholders’ equity17.54Debt to equity1.02Fiscal year 2017Total debt19.32Shareholders’ equity20.30Debt to equity0.95Fiscal year 2018Total debt20.29Shareholders’ equity20.36Debt to equity1.00Fiscal year 2019Total debt23.25Shareholders’ equity21.07Debt to equity1.10Fiscal year 2020Total debt24.88Shareholders’ equity20.99Debt to equity1.19Fiscal year 2021Total debt28.04Shareholders’ equity22.64Debt to equity1.24Fiscal year 2022Total debt29.46Shareholders’ equity22.18Debt to equity1.33Fiscal year 2023Total debt34.38Shareholders’ equity20.23Debt to equity1.70Fiscal year 2024Total debt32.84Shareholders’ equity17.07Debt to equity1.92Fiscal year 2025Total debt34.90Shareholders’ equity23.02Debt to equity1.52
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Total debt 17.88 19.32 20.29 23.25 24.88 28.04 29.46 34.38 32.84 34.90
Shareholders’ equity 17.54 20.30 20.36 21.07 20.99 22.64 22.18 20.23 17.07 23.02
Debt to equity 1.02 0.95 1.00 1.10 1.19 1.24 1.33 1.70 1.92 1.52

In billions of CAD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
19.3% 18.1% 16.9% 18.3% 14.3% 16.8% 16.1% 13.5% 3.9% 31.5%
14.2% 13.4% 12.7% 13.7% 11.8% 12.3% 12.1% 9.4% 1.5% 26.6%
13.2% 14.6% 14.5% 16.7% 15.5% 13.5% 13.4% 13.6% 12.7% 13.5%
Spending
0.7% 0.5% 0.5% 0.5% 0.2% 0.2% 0.2% 0.4% 0.3% 0.2%
17.4% 17.8% 16.9% 16.7% 18.4% 20.7% 21.2% 18.6% 16.0% 15.1%
26.4% 26.0% 25.1% 25.9% 24.3% 26.5% 24.8% 30.0% 60.6% 15.5%
Returns
17.6% 15.0% 14.6% 15.4% 12.9% 12.8% 13.2% 11.5% 2.2% 28.3%
6.2% 5.5% 5.2% 5.4% 4.4% 4.3% 4.2% 3.2% 0.5% 8.1%
Balance and payout
1.02 0.95 1.00 1.10 1.19 1.24 1.33 1.70 1.92 1.52
64.4% 63.0% 63.8% 64.4% 64.8% 65.6% 67.5% 71.4% 76.4% 70.9%
81.3% 88.3% 96.1% 92.5% 116.6% 114.3% 119.9% 159.7% 1,020.5% 35.4%
91.1% 87.7% 90.2% 79.1% 96.0% 114.2% 116.4% 117.1% 131.4% 76.6%

Shown in CAD as filed; the screener converts to dollars.