BCE Inc. (BCE) — Financial statements
Income statement, balance sheet, and cash flow for BCE Inc. — annual and quarterly history with growth and margin analysis.
| Metric (CAD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 24,468↑0.2% | 24,409↓1.1% | 24,673↑2.1% | 24,174↑3.1% | 23,449 | |
| Cost of Revenue | 7,720↑0.2% | 7,705↓55.3% | 17,250↑125.8% | 7,641↑4.9% | 7,284 | |
| Gross Profit | 16,748↑0.3% | 16,704↑125.0% | 7,423↓55.1% | 16,533↑2.3% | 16,165 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00↓100.0% | 66↓26.7% | 90 | 0.00 | 0.00 | |
| General & Administrative Expenses | 3,979↓5.2% | 4,199↓4.7% | 4,406↓0.2% | 4,417↓0.2% | 4,424 | |
| Selling & Marketing Expenses | 0.00 | 0.00↑100.0% | -2,572 | 0.00 | 0.00 | |
| SG&A Expenses | 3,979↓5.2% | 4,199↑129.0% | 1,834↓58.5% | 4,417↓0.2% | 4,424 | |
| Other Expenses | 7,349↑6.6% | 6,891 | 0.00↓100.0% | 6,640↑2.8% | 6,457 | |
| Operating Expenses | 11,328↑1.5% | 11,156↑479.8% | 1,924↓82.6% | 11,057↑1.6% | 10,881 | |
| Total Costs & Expenses | 19,048↑1.0% | 18,861↓1.6% | 19,174↑2.5% | 18,698↑2.9% | 18,165 | |
| Operating Results | ||||||
| Operating Income | 5,420↓2.3% | 5,548↑0.9% | 5,499↑0.4% | 5,476↑3.6% | 5,284 | |
| Depreciation & Amortization | 5,238↑3.9% | 5,041↑2.5% | 4,918↑4.1% | 4,723↑2.5% | 4,609 | |
| EBITDA | 14,720↑90.2% | 7,739↓20.7% | 9,757↓0.1% | 9,762↑1.1% | 9,658 | |
| EBIT | 9,482↑251.4% | 2,698↓44.2% | 4,839↓4.0% | 5,039↓0.2% | 5,049 | |
| Interest & Other Income | ||||||
| Net Interest Income | -1,696↓11.3% | -1,524↓17.2% | -1,300↓15.7% | -1,124↓2.0% | -1,102 | |
| Interest Income | 79↓64.4% | 222↑2.8% | 216↑881.8% | 22↑100.0% | 11 | |
| Interest Expense | 1,775↑1.7% | 1,746↑15.2% | 1,516↑32.3% | 1,146↑3.0% | 1,113 | |
| Non-Operating Income | -4,062↓242.5% | 2,850↑331.8% | 660↑51.0% | 437↑86.0% | 235 | |
| Other Income / Expenses | 2,287↑149.8% | -4,596↓111.2% | -2,176↓37.5% | -1,583↓17.4% | -1,348 | |
| Income Before Tax | 7,707↑709.6% | 952↓71.4% | 3,323↓14.6% | 3,893↓1.1% | 3,936 | |
| Income Tax Expense | 1,193↑106.8% | 577↓42.1% | 996↑3.0% | 967↓7.4% | 1,044 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 6,514↑1637.1% | 375↓83.9% | 2,327↓20.5% | 2,926↑1.2% | 2,892 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 6,460↑1777.9% | 344↓84.8% | 2,263↓21.1% | 2,868↑1.0% | 2,840 | |
| Bottom-Line Net Income | 6,305↑3768.1% | 163↓92.1% | 2,076↓23.6% | 2,716↑0.3% | 2,709 | |
| EPS (Basic) | 6.78↑3666.7% | 0.18↓92.1% | 2.28↓23.5% | 2.98↓0.3% | 2.99 | |
| EPS (Diluted) | 6.78↑3666.7% | 0.18↓92.1% | 2.28↓23.5% | 2.98↓0.3% | 2.99 | |
| Weighted Average Shares | 929↑1.8% | 912↑0.0% | 912↑0.1% | 912↑0.6% | 906 | |
| Weighted Average Diluted Shares | 929↑1.8% | 912↑0.0% | 912↑0.0% | 912↑0.6% | 907 | |
* All figures in Millions of CAD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.