BCE (BCE) Financials

$24.61 +0.22 (+0.89%)

Closing price 03:59 PM Eastern

Extended Trading

$24.60 -0.01 (-0.02%)

As of 07:34 PM Eastern

Annual Income Statements for BCE

This table shows BCE's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	2,441	2,278	2,211	2,343	1,958	2,407	2,205	1,811	362	4,829
Consolidated Net Income / (Loss)	2,297	2,424	2,179	2,507	1,975	2,263	2,162	1,763	260	4,751
Net Income / (Loss) Continuing Operations	2,297	2,424	2,179	2,485	1,939	2,279	2,210	2,034	215	4,676
Total Pre-Tax Income	3,123	3,273	2,908	3,355	2,596	3,096	2,924	2,788	615	5,546
Total Operating Income	3,829	4,170	3,946	4,197	3,618	3,818	3,771	3,905	2,017	2,827
Total Gross Profit	6,070	7,376	6,987	7,711	6,803	6,974	7,537	7,890	6,463	6,769
Total Revenue	15,693	18,085	17,197	18,337	17,210	17,584	17,864	18,689	16,060	16,840
Operating Revenue	15,693	18,085	17,197	18,337	17,210	17,584	17,864	18,689	16,060	16,840
Total Cost of Revenue	9,623	10,708	10,210	10,625	10,407	10,610	10,327	10,798	9,597	10,071
Operating Cost of Revenue	9,623	10,708	10,210	10,625	10,407	10,610	10,327	10,798	9,597	10,071
Total Operating Expenses	2,241	3,206	3,041	3,514	3,185	3,156	3,766	3,985	4,446	3,942
Depreciation Expense	2,141	2,411	2,305	2,665	2,724	2,839	2,705	2,837	2,610	2,816
Impairment Charge	-	-	-	79	370	154	206	108	1,521	749
Restructuring Charge	100	151	100	88	91	164	69	151	315	377
Total Other Income / (Expense), net	-705	-897	-1,038	-842	-1,022	-722	-847	-1,117	-1,401	2,720
Interest Expense	721	897	783	916	870	847	847	1,117	1,190	1,294
Interest & Investment Income	-	-	-	-	-	-	-	-	40	3,805
Other Income / (Expense), net	16	-	-255	73	-152	125	-	-	-251	209
Income Tax Expense	826	850	729	870	621	817	715	754	401	870
Preferred Stock Dividends Declared	-102	-102	-	-116	-107	-103	-	-	-126	-113
Net Income / (Loss) Attributable to Noncontrolling Interest	-42	-45	-32	-48	-51	-41	-43	-48	-22	-39
Weighted Average Basic Shares Outstanding	869.10M	894.30M	898.60M	900.80M	904.30M	906.30M	911.50M	912.20M	912.30M	929.10M

No quarterly income statements for BCE are available.

This table details how cash moves in and out of BCE's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	179	-181	-147	-216	62	0.00	-103	472	556	-913
Net Cash From Operating Activities	4,943	-5,847	5,411	-6,133	6,078	6,268	6,182	6,019	4,853	5,100
Net Cash From Continuing Operating Activities	4,943	5,847	5,411	6,061	6,036	6,268	6,182	6,019	4,853	5,282
Net Income / (Loss) Continuing Operations	2,297	2,424	2,179	2,485	1,939	2,263	2,162	1,763	260	4,751
Consolidated Net Income / (Loss)	2,297	2,424	2,179	2,485	1,939	2,263	2,162	1,763	260	4,751
Depreciation Expense	2,611	3,055	2,941	3,348	3,452	3,607	3,490	3,725	3,501	3,820
Non-Cash Adjustments To Reconcile Net Income	-177	70	1,213	265	826	1,951	1,683	2,306	3,228	-2,810
Changes in Operating Assets and Liabilities, net	213	299	-923	-37	-181	-1,554	-1,154	-1,775	-2,136	-479
Net Cash From Investing Activities	-3,411	-4,321	-3,214	-3,110	-2,775	-5,493	-4,077	-4,379	-3,082	-2,625
Net Cash From Continuing Investing Activities	-3,411	-4,321	-3,214	-3,102	-3,474	-5,493	-4,077	-3,621	-3,082	-2,931
Purchase of Property, Plant & Equipment	-2,806	-3,206	-2,951	-3,063	-3,294	-5,427	-3,795	-3,609	-3,075	-2,698
Acquisitions	-301	-1,310	-289	-39	-118	-9.39	-317	-168	-433	-3,579
Sale and/or Maturity of Investments	-	-	-	-	-	-	-	-	425	3,416
Other Investing Activities, net	80	-61	-23	5.39	-62	-56	-2.96	-3.03	25	-69
Net Cash From Financing Activities	-1,354	-1,708	-2,343	-3,238	-3,241	-724	-2,208	-1,168	-1,215	-3,388
Net Cash From Continuing Financing Activities	-1,354	-1,708	-2,343	-3,234	-3,236	-724	-2,116	-949	-1,151	-3,256
Repayment of Debt	-1,872	-1,844	-2,078	-1,712	-5,208	-1,878	-1,413	-1,897	-943	-7,030
Repurchase of Common Equity	-79	-178	-291	-109	-206	-232	-188	-169	-163	-158
Payment of Dividends	-1,843	-2,124	-2,084	-2,336	-2,477	-2,616	-2,577	-2,814	-2,686	-1,625
Issuance of Debt	2,407	2,393	2,195	679	4,708	3,902	1,442	3,935	2,663	5,695
Other Financing Activities, net	-40	-48	-92	-42	-73	15	-23	-18	-22	-138

No quarterly cash flow statements for BCE are available.

This table presents BCE's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/1/2017	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	38,359	44,345	41,842	46,353	47,556	52,253	51,233	54,492	51,031	58,463
Total Current Assets	4,282	4,494	4,245	4,254	4,459	4,851	4,794	5,982	6,197	5,402
Cash & Equivalents	635	497	311	112	176	226	110	585	1,092	233
Accounts Receivable	2,224	2,487	2,203	2,341	2,766	3,091	3,058	3,053	3,117	3,263
Inventories, net	300	302	317	329	344	416	485	352	292	284
Prepaid Expenses	172	172	179	150	164	199	180	174	180	276
Other Current Assets	952	1,036	1,235	1,322	1,010	919	961	1,015	1,183	1,340
Other Current Nonoperating Assets	-	-	-	-	-	-	0.00	757	278	0.00
Plant, Property, & Equipment, net	16,625	19,095	18,205	21,298	21,568	22,098	0.00	0.00	20,834	24,461
Total Noncurrent Assets	17,452	20,756	19,392	20,800	21,529	25,304	24,820	25,519	24,001	28,600
Goodwill	6,666	8,287	7,810	8,221	8,313	8,274	8,059	8,288	7,126	9,649
Intangible Assets	8,928	10,536	9,676	10,290	10,271	12,186	11,959	12,581	11,657	12,569
Noncurrent Deferred & Refundable Income Taxes	66	114	82	76	83	82	62	73	94	130
Employee Benefit Assets	-	-	-	430	1,001	2,717	2,630	2,223	2,485	3,143
Other Noncurrent Operating Assets	1,157	1,171	1,823	1,246	1,269	1,521	2,109	2,354	2,639	3,110
Total Liabilities & Shareholders' Equity	38,359	44,345	41,842	46,353	47,556	52,253	51,233	54,492	51,031	58,463
Total Liabilities	24,283	27,955	26,681	29,854	30,836	34,298	34,595	38,921	38,976	41,464
Total Current Liabilities	7,515	8,529	7,642	7,535	6,484	7,132	8,475	9,171	10,310	9,376
Short-Term Debt	3,637	4,115	3,404	2,991	1,895	2,054	3,057	3,819	5,326	4,489
Accounts Payable	2,732	3,079	2,888	3,047	3,085	3,487	3,858	3,582	3,130	3,203
Dividends Payable	459	539	506	562	600	635	641	689	648	310
Current Deferred & Payable Income Tax Liabilities	91	111	-	234	168	110	-	-	29	414
Other Current Liabilities	480	551	515	526	562	625	633	614	538	636
Other Current Nonoperating Liabilities	116	134	144	175	174	193	208	251	272	317
Total Noncurrent Liabilities	16,768	19,426	19,039	22,319	24,352	27,166	26,120	29,750	28,666	32,088
Long-Term Debt	12,332	14,475	14,480	17,275	18,740	21,169	20,531	23,584	22,802	25,455
Noncurrent Deferred & Payable Income Tax Liabilities	1,924	2,281	2,318	2,744	2,987	3,662	3,660	3,688	3,642	4,452
Noncurrent Employee Benefit Liabilities	1,566	1,675	1,367	1,470	1,538	1,357	969	968	836	839
Other Noncurrent Operating Liabilities	946	995	874	831	1,087	978	959	1,510	1,386	1,341
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	14,077	16,390	15,160	16,499	16,720	17,955	16,638	15,571	12,056	17,000
Total Preferred & Common Equity	13,843	16,134	14,922	16,241	16,453	17,715	16,389	15,323	11,855	16,788
Preferred Stock	863	923	857	908	920	906	866	953	888	954
Total Common Equity	12,980	15,210	14,064	15,333	15,533	16,810	15,523	14,370	10,967	15,834
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-3,704	-3,924	-3,618	-3,570	-3,669	-2,661	-2,697	-4,176	-5,862	-2,656
Accumulated Other Comprehensive Income / (Loss)	34	-14	66	124	81	167	-41	-32	-110	418
Other Equity Adjustments	16,650	19,148	17,616	18,779	19,122	19,304	18,260	18,577	16,940	18,072
Noncontrolling Interest	234	257	239	257	267	239	249	248	201	211

No quarterly balance sheets for BCE are available.

This table displays calculated financial ratios and metrics derived from BCE's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	912,274,545.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	912,274,545.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	5.29
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	2,816	3,088	2,957	3,109	2,752	2,810	2,850	2,849	1,040	2,383
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	6.63%	2.59%	5.08%
Earnings before Interest and Taxes (EBIT)	3,844	4,170	3,691	4,270	3,466	3,943	3,771	3,905	2,017	3,036
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6,455	7,225	6,632	7,618	6,918	7,550	7,261	7,631	5,517	6,856
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-2,069	4,083	-360	2,243	-1,114	24,789	2,646	1,376	-4,910
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	29,352	34,509	33,382	36,851	37,361	41,285	19,345	19,548	19,212	47,340
Increase / (Decrease) in Invested Capital	0.00	5,157	-1,127	3,469	510	3,924	-21,940	203	-336	7,294
Book Value per Share	$14.93	$17.01	$13.25	$17.07	$17.18	$18.59	$17.08	$15.76	$12.02	$17.04
Tangible Book Value per Share	($3.01)	($4.04)	($3.22)	($3.54)	($3.37)	($4.04)	($4.95)	($7.13)	($8.57)	($6.87)
Total Capital	30,046	34,980	33,044	36,764	37,355	41,179	40,227	42,974	40,183	46,944
Total Debt	15,969	18,590	17,883	20,266	20,635	23,224	23,589	27,403	28,128	29,944
Total Long-Term Debt	12,332	14,475	14,480	17,275	18,740	21,169	20,531	23,584	22,802	25,455
Net Debt	14,700	17,446	17,572	19,616	19,867	22,475	23,478	26,818	27,036	29,710
Capital Expenditures (CapEx)	2,806	2,949	2,901	3,063	3,294	5,427	3,795	3,609	3,075	2,698
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-231	-416	-305	-402	-306	-453	-735	46	121	282
Debt-free Net Working Capital (DFNWC)	404	80	6.60	-290	-130	-227	-624	631	1,213	515
Net Working Capital (NWC)	-3,233	-4,035	-3,397	-3,281	-2,025	-2,281	-3,682	-3,188	-4,113	-3,974
Net Nonoperating Expense (NNE)	519	664	778	602	778	547	687	1,086	779	-2,367
Net Nonoperating Obligations (NNO)	15,275	18,119	18,222	20,353	20,641	23,330	2,707	3,977	7,156	30,340
Total Depreciation and Amortization (D&A)	2,611	3,055	2,941	3,348	3,452	3,607	3,490	3,725	3,501	3,820
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$2.60	$2.76	$2.99	$2.98	$2.28	$0.13	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	894.30M	898.60M	900.80M	904.30M	906.30M	911.50M	912.20M	912.30M	929.10M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$2.60	$2.76	$2.99	$2.98	$2.28	$0.13	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	1.06B	898.20M	903.91M	1.81B	909.02M	911.98M	1.82B	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$2.60	$2.76	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	1.06B	898.20M	903.91M	1.81B	909.02M	911.98M	1.82B	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	2,890	3,200	3,031	3,232	3,103	3,044	3,058	3,038	1,986	3,333
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-

No quarterly metrics and ratios for BCE are available.

Financials Breakdown Chart

BCE Financials - Frequently Asked Questions

According to the most recent income statement we have on file, BCE's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Over the last 9 years, BCE's net income changed from $2.30 billion in 2016 to $4.75 billion in 2025, a change of 106.8%. See where experts think BCE is headed by visiting BCE's forecast page.

BCE's total operating income in 2025 was $2.83 billion, based on the following breakdown:

Total Gross Profit: $6.77 billion
Total Operating Expenses: $3.94 billion

Over the last 9 years, BCE's total revenue changed from $15.69 billion in 2016 to $16.84 billion in 2025, a change of 7.3%.

BCE's total liabilities were at $41.46 billion at the end of 2025, a 6.4% increase from 2024, and a 70.8% increase since 2016.

In the past 9 years, BCE's cash and equivalents has ranged from $110.11 million in 2022 to $1.09 billion in 2024, and is currently $233.37 million as of their latest financial filing in 2025.

Over the last 9 years, BCE's book value per share changed from 14.93 in 2016 to 17.04 in 2025, a change of 14.1%.

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Financial statements for NYSE:BCE last updated on 3/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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BCE (BCE) Financials

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BCE (BCE) Financials

Annual Income Statements for BCE

Quarterly Income Statements for BCE

Annual Cash Flow Statements for BCE

Quarterly Cash Flow Statements for BCE

Annual Balance Sheets for BCE

Quarterly Balance Sheets for BCE

Annual Metrics And Ratios for BCE

Quarterly Metrics And Ratios for BCE

Financials Breakdown Chart

BCE Financials - Frequently Asked Questions

When does BCE's fiscal year end?

How has BCE's net income changed over the last 9 years?

What is BCE's operating income?

How has BCE's revenue changed over the last 9 years?

How much debt does BCE have?

How much cash does BCE have?

How has BCE's book value per share changed over the last 9 years?

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