BCE Inc.

BCE Inc.

21.16
CAD
+0.31
(+1.49%)
Nov 05Next Earn
BCE Inc.
NEO:BCE.PR.R
(Cboe Canada)

Recent

price

21.16

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CAD
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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
24,797
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
21.57
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
5,411
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
6,420
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
15.61
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
25.89
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
-2,752
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
37,522
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
24,178
Total Equity
14.42
11.45
11.31
9.36
9.31
9.43
9.55
8.9
8.65
8.59
7.09
7.03
7.09
6.59
1.96
5.64
5.53
Return on Invested Capital (%)
13.4
10.48
9.94
7.63
8.44
9.06
9.3
8.64
8.16
8.54
7.15
7.15
6.86
5.81
1.72
12.94
12.96
Return on Capital (%)
19.3
24.61
23.23
17.88
20.95
21.08
20.96
18.55
17.06
18.19
14.67
15.21
14.7
11.91
1.08
37.9
35.53
Return on Common Equity (%)

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
6,155
5,513
4,254
LT Borrowings
34,904
37,447
37,522
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
3,288
3,250
3,216
Shares Outstanding
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- -
- -
Market Capitalization
- -
- -
- -

Working Capital

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
7,407
8,373
7,544
Cash, Cash Equivalents & STI
320
1,376
479
Accounts Receivable, Net
3,949
4,305
4,173
Inventories
389
326
449
Total Current Liabilities
12,856
11,367
10,296
Payables & Accruals
5,102
4,941
5,205
ST Debt
6,155
5,513
4,254
Deferred Revenue
872
906
837

Growth Rates

CAD

•

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

CAD

•

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
6,176
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- -
- -

Quarterly Earnings Per Share

CAD

•

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

CAD

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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 a leading Canadian communications company that provides wireless, wireline, internet, television, media, and business communications services to residential, business, and wholesale customers primarily across Canada and in the U.S. Pacific Northwest. The company operates through two main segments: Bell Communication and Technology Services (Bell CTS), which offers advanced Bell broadband internet including Pure Fibre Internet, Fibe TV, residential and business voice services, mobile data and voice over 5G+, 5G, and 4G LTE networks, wireless home internet, and wholesale services; and Bell Media, which delivers video, audio, out-of-home advertising, digital media, content production and distribution including CTV and Noovo networks, specialty channels such as TSN and RDS, bilingual streaming service Crave, iHeartRadio Canada, and advanced advertising technologies. Bell Business Markets provides AI, cloud, security, IoT, collaboration, contact center, managed and professional services backed by next-generation networks, with key initiatives including the tech services brand Ateko, Bell AI Fabric as Canada's largest AI compute project, and Bell Cyber cybersecurity centre; the company also retails through over 8,000 points including Bell, Virgin Plus, Lucky Mobile, Best Buy Express, and Glentel locations. Founded in 1880 and headquartered at 1 Carrefour Alexander-Graham-Bell in Verdun, Montreal, Quebec, BCE serves consumers, mid- to large-sized enterprises, government, and resellers throughout Canada via subsidiaries like Bell Canada, Bell Mobility, Bell MTS, Bell Aliant, Bell Satellite TV, and Ziply Fiber in the U.S.. Recent major developments include the completion of its $5 billion acquisition of Ziply Fiber in August 2025 to accelerate fibre expansion in the U.S. Pacific Northwest, funded partly by the July 2025 sale of its minority stake in Maple Leaf Sports & Entertainment (MLSE) to Rogers Communications for $4.7 billion; a strategic partnership with PSP Investments announced in June 2025 to form Network FiberCo, aiming to reach up to 8 million U.S. fibre locations and expand total North American fibre footprint to over 16 million sites; the unveiling of a three-year strategic plan in October 2025 targeting 2-4% annual revenue growth, $1.5 billion in cost savings by 2028, and 15% CAGR in free cash flow through fibre, wireless, AI enterprise solutions, and digital media priorities; and the December 2025 acquisition by Bell-backed Ateko of SDK Tek Services to enhance AI and data analytics capabilities for business solutions.

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