BCE Inc.

BCE Inc.

BCE-PA.TO
BCE Inc.CA flagToronto Stock Exchange
21.65
CAD
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28.36BMarket Cap
BCE Inc.
BCE-PA.TO
(Toronto Stock Exchange)

Recent

price

21.65

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
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Revenue per Share
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Basic EPS, GAAP
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Free Cash Flow per Basic Share
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Dividend per Share
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Book Value per Share
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Tangible Book Value per Share
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Basic Weighted Avg Shares
18,069
19,497
19,978
20,400
21,042
21,514
21,719
22,757
23,468
23,793
22,883
23,449
24,174
24,673
24,409
24,468
24,706
Sales/Revenue/Turnover
21.02
22.4
22.5
23.08
23.05
23.85
24.31
23.9
23.53
23.8
22.74
22.53
22.65
22.29
22.73
22.15
21.89
Operating Margin (%)
3,125
3,261
3,392
3,380
3,452
3,420
3,508
3,844
4,014
4,344
4,404
4,609
4,723
4,918
5,041
5,238
5,322
Depreciation Expense
2,195
2,340
2,595
2,106
2,500
2,678
3,031
2,994
2,929
3,191
2,634
2,840
2,868
2,263
344
6,460
6,442
Net Income, GAAP
22.4
21.86
20.9
25.75
25.47
25.29
26.45
25.95
25.08
25.94
24.26
26.52
24.84
29.97
60.61
15.48
15.31
Effective Tax Rate (%)
12.15
12
12.99
10.32
11.88
12.45
13.96
13.16
12.48
13.41
11.51
12.11
11.86
9.17
1.41
26.4
26.07
Profit Margin (%)
-2,299
-2,607
-2,833
-2,820
-4,541
-5,184
-4,344
-5,077
-4,636
-4,257
-2,583
-2,915
-4,982
-4,209
-5,923
-5,449
-2,994
Working Capital
10,581
12,721
13,886
16,341
16,355
15,390
16,572
18,215
19,760
22,415
23,906
27,048
27,783
31,135
32,835
34,904
37,447
LT Debt
10,168
14,759
14,725
16,250
15,239
17,329
18,916
20,625
20,689
21,408
21,329
22,941
22,515
20,557
17,360
23,310
23,653
Total Equity
11.25
12.89
11.75
10.52
10.15
10.44
9.92
9.49
9.23
8.97
8.23
7.73
7.68
6.9
3.8
7.46
7.41
Return on Invested Capital (%)
14.9
11.61
10.84
8.28
8.93
9.38
9.61
8.89
8.38
8.79
7.35
7.34
7.02
5.94
1.76
13.26
13.08
Return on Capital (%)
25.46
34.38
30.49
23.35
25.28
23.55
23.02
20.08
18.41
19.72
15.89
16.43
15.77
12.76
1.17
41.66
40
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
5,820
6,155
5,513
LT Borrowings
35,155
34,904
37,447
LT Finance Leases
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Preferred Equity and Hybrid Capital
3,338
3,288
3,250
Shares Outstanding
933
933
933
Market Capitalization
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Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
7,046
7,407
8,373
Cash, Cash Equivalents & STI
465
320
1,376
Accounts Receivable, Net
4,119
3,949
4,305
Inventories
378
389
326
Total Current Liabilities
12,179
12,856
11,367
Payables & Accruals
5,615
5,102
4,941
ST Debt
5,820
6,155
5,513
Deferred Revenue
737
872
906

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.73%
3.14%
34.27%
Free Cash Flow
3.25%
0.29%
0.07%
Net Income, GAAP
168.21%
336.17%
1,777.91%
Sales/Revenue/Turnover
1.32%
1.36%
0.24%
Total Cash Common Dividend
0.87%
-4.78%
-44.13%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,011
6,005
5,971
6,422
24,409
2025
5,930
6,085
6,049
6,404
24,468
2026
6,168
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Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
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2025
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2026
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Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
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2025
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2026
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Business
BCE Inc. is Canada's largest communications company, providing advanced broadband wireless, Internet, TV, media and business communication services through its primary subsidiary Bell Canada. The company operates in two main segments: Bell Communication and Technology Services, which offers wireless products and services including mobile data and voice plans over 5G+, 5G and 4G LTE networks, wireless home Internet, streaming services and devices; wireline products and services comprising Bell Pure Fibre Internet, Fibe TV, internet protocol television, cloud-based services, residential and business voice services, satellite TV, connectivity services and consumer electronics retail stores; and Bell Media, which provides a portfolio of video, audio, out-of-home advertising, digital media services, content creation across platforms including CTV and Noovo television networks, specialty channels such as sports leaders TSN and RDS, bilingual streaming service Crave, iHeartRadio Canada music channels and radio stations, and advanced advertising technology products. BCE serves residential, small and medium-sized business, large enterprise and government customers primarily across Canada with brands including Bell, Bell MTS, Bell Aliant, Virgin Plus, Lucky Mobile and Northwestel; it also operates in the U.S. Pacific Northwest through Ziply Fiber and maintains an international presence in regions such as Europe, Middle East and APAC for certain services. Founded in 1880 and headquartered at 1 Carrefour Alexander-Graham-Bell in Verdun, Montreal, Quebec, BCE employs approximately 44,000 people and supports extensive retail distribution with over 8,000 points across Canada. Recent developments include the completion of its acquisition of Ziply Fiber in August 2025 to accelerate U.S. fibre expansion, funded partly by the sale of its minority stake in Maple Leaf Sports & Entertainment in July 2025; formation of Network FiberCo in a strategic partnership with PSP Investments announced in May 2025, targeting up to 8 million fibre passings in underserved U.S. markets with BCE holding a 49% stake; a multi-year transformation plan unveiled in October 2025 targeting C$1.5 billion in cost savings, revenue growth of up to 4% through 2028, broadband expansion in western Canada and the U.S., and C$5 billion in dividend payouts; alongside initiatives like expanding no name mobile prepaid services to all Maxi stores in Québec in November 2025.