BCE Financial Statements From 2010 to 2026

BCE Stock  CAD 33.59  0.11  0.33%   
BCE's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing BCE's valuation are provided below:
Gross Profit
11 B
Profit Margin
0.2587
Market Capitalization
31.3 B
Enterprise Value Revenue
3.0742
Revenue
24.5 B
We have found one hundred twenty available fundamental signals for BCE Inc, which can be analyzed and compared to other ratios and to its rivals. Self-guided Investors are advised to validate BCE's prevailing fundamentals against the trend between 2010 and 2026 to make sure the company can sustain itself in the coming quarters. As of the 17th of January 2026, Market Cap is likely to drop to about 36.1 B. In addition to that, Enterprise Value is likely to drop to about 46.5 B

BCE Total Revenue

22.6 Billion

Check BCE financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among BCE's main balance sheet or income statement drivers, such as Depreciation And Amortization of 3.2 B, Interest Expense of 2.1 B or Selling General Administrative of 7.3 B, as well as many indicators such as Price To Sales Ratio of 1.36, Dividend Yield of 0.12 or PTB Ratio of 1.95. BCE financial statements analysis is a perfect complement when working with BCE Valuation or Volatility modules.
  
This module can also supplement various BCE Technical models . Check out the analysis of BCE Correlation against competitors.

BCE Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets48.9 B84.5 B55.2 B
Slightly volatile
Short and Long Term Debt Total46.3 B44.1 B26.1 B
Slightly volatile
Other Current Liabilities6.6 B6.3 BB
Slightly volatile
Total Current Liabilities8.6 B17.1 B9.8 B
Slightly volatile
Total Stockholder Equity16.3 B19.6 B17.6 B
Slightly volatile
Property Plant And Equipment Net23.7 B34.5 B24.6 B
Slightly volatile
Net Debt44.4 B42.3 B25.5 B
Slightly volatile
Cash1.9 B1.8 B638.6 M
Slightly volatile
Non Current Assets Total42.6 B74.2 B49.3 B
Slightly volatile
Non Currrent Assets Other4.2 B5.5 B2.8 B
Slightly volatile
Cash And Short Term Investments2.4 B2.3 B776.4 M
Slightly volatile
Net Receivables2.9 B4.5 B3.7 B
Slightly volatile
Common Stock Shares Outstanding830.7 MB849.8 M
Slightly volatile
Liabilities And Stockholders Equity48.9 B84.5 B55.2 B
Slightly volatile
Non Current Liabilities Total49.8 B47.5 B28.9 B
Slightly volatile
Inventory646.8 M378 M488.2 M
Pretty Stable
Other Current Assets1.9 B1.8 B974.6 M
Slightly volatile
Other Stockholder Equity1.1 B1.2 BB
Slightly volatile
Total Liabilities67.8 B64.5 B39.2 B
Slightly volatile
Property Plant And Equipment Gross106.9 B101.8 B46.6 B
Slightly volatile
Total Current Assets4.6 BB5.6 B
Slightly volatile
Short Term Debt6.6 B6.3 B3.9 B
Slightly volatile
Intangible Assets20.3 B19.3 B12.8 B
Slightly volatile
Accounts Payable2.8 B2.7 B2.7 B
Pretty Stable
Current Deferred Revenue759.4 M890.1 M735 M
Slightly volatile
Good Will9.4 B11.8 B9.6 B
Slightly volatile
Common Stock Total Equity18.4 B23.4 B18.3 B
Slightly volatile
Common Stock19.5 B24 B18.5 B
Slightly volatile
Other Liabilities6.9 B8.7 B6.4 B
Slightly volatile
Long Term Debt22.9 B37.8 B20.8 B
Slightly volatile
Long Term Investments740.7 M1.1 B914.5 M
Very volatile
Short and Long Term Debt3.9 BB7.2 B
Slightly volatile
Property Plant Equipment28.2 B34.5 B25.5 B
Slightly volatile
Deferred Long Term Liabilities571.7 M542.7 M783.3 M
Slightly volatile
Long Term Debt Total25.9 B37.8 B22.1 B
Slightly volatile
Capital Surpluse1.3 B1.5 B1.2 B
Slightly volatile
Non Current Liabilities Other244.7 M257.6 M484 M
Pretty Stable
Net Invested Capital50.4 B58.4 B43.8 B
Slightly volatile
Capital Stock26.9 B28.1 B24.6 B
Slightly volatile
Capital Lease ObligationsB1.3 B855.1 M
Slightly volatile

BCE Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization3.2 B3.5 BB
Slightly volatile
Selling General Administrative7.3 BB2.5 B
Slightly volatile
Total Revenue22.6 B28.1 B22.2 B
Slightly volatile
Gross Profit9.6 B12.6 B9.4 B
Slightly volatile
Other Operating Expenses12.3 B12.4 B13.5 B
Very volatile
Operating Income12.9 B12.3 B8.7 B
Slightly volatile
EBIT4.4 B6.5 BB
Slightly volatile
EBITDA7.6 B10 BB
Slightly volatile
Cost Of Revenue13 B15.5 B12.8 B
Slightly volatile
Total Operating Expenses241.1 M253.8 M912 M
Slightly volatile
Income Before TaxB1.1 B3.1 B
Slightly volatile
Net Income375.8 M395.6 M2.2 B
Slightly volatile
Income Tax Expense982.3 M663.5 M902 M
Very volatile
Research Development56.4 M59.4 M281.2 M
Slightly volatile
Net Income From Continuing Ops320.6 M337.5 M2.3 B
Slightly volatile
Net Income Applicable To Common Shares139.4 M146.7 MB
Slightly volatile
Tax Provision768.6 M519.3 M912.6 M
Slightly volatile
Interest Income2.5 B2.3 B1.1 B
Slightly volatile
Discontinued Operations272.9 M259.9 M114.9 M
Slightly volatile
Reconciled Depreciation4.9 B5.8 B4.3 B
Slightly volatile
Selling And Marketing Expenses2.1 B2.3 B2.5 B
Slightly volatile

BCE Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow1.8 B2.9 B2.6 B
Slightly volatile
Begin Period Cash Flow551.2 M694.8 M408 M
Slightly volatile
Depreciation3.9 B5.8 BB
Slightly volatile
Capital Expenditures4.2 B5.1 B4.3 B
Slightly volatile
Total Cash From Operating ActivitiesBB6.9 B
Slightly volatile
Net Income375.8 M395.6 M2.2 B
Slightly volatile
End Period Cash Flow1.5 B1.4 B610.2 M
Slightly volatile
Stock Based Compensation101.4 M109.2 M92.4 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio1.361.432.6944
Slightly volatile
Dividend Yield0.120.110.0639
Slightly volatile
PTB Ratio1.952.053.849
Slightly volatile
Days Sales Outstanding69.4885.464.2255
Slightly volatile
Book Value Per Share17.5417.1320.7786
Pretty Stable
Free Cash Flow Yield0.07960.07580.0593
Slightly volatile
Operating Cash Flow Per Share5.466.897.8449
Very volatile
Average Payables5.7 B3.1 B2.8 B
Slightly volatile
Capex To Depreciation1.211.011.0999
Pretty Stable
PB Ratio1.952.053.849
Slightly volatile
EV To Sales3.013.163.8028
Slightly volatile
Free Cash Flow Per Share1.522.532.9541
Very volatile
ROIC0.06840.05890.1133
Slightly volatile
Inventory Turnover18.128.8728.2791
Very volatile
Net Income Per Share0.320.342.576
Slightly volatile
Days Of Inventory On Hand12.4313.0914.8279
Slightly volatile
Payables Turnover3.164.094.7475
Slightly volatile
Sales General And Administrative To Revenue0.02660.030.0327
Slightly volatile
Average Inventory324.8 M341.9 M350.7 M
Slightly volatile
Research And Ddevelopement To Revenue0.0030.00310.0103
Slightly volatile
Capex To Revenue0.140.160.1846
Very volatile
Cash Per Share2.041.950.8227
Slightly volatile
POCF Ratio4.755.08.9323
Slightly volatile
Interest Coverage5.675.497.0989
Pretty Stable
Payout Ratio10.449.942.6452
Slightly volatile
Capex To Operating Cash Flow0.860.730.6401
Slightly volatile
PFCF Ratio11.2210.6925.8572
Slightly volatile
Days Payables Outstanding11692.2681.0891
Pretty Stable
Income Quality19.218.285.6274
Slightly volatile
ROE0.01720.01810.1251
Slightly volatile
EV To Operating Cash Flow10.511.0512.5819
Slightly volatile
PE Ratio66.0110239.2481
Very volatile
Return On Tangible Assets0.00630.00670.0684
Slightly volatile
EV To Free Cash Flow24.7823.636.0028
Slightly volatile
Earnings Yield0.00970.01020.0469
Slightly volatile
Intangibles To Total Assets0.180.330.3571
Very volatile
Net Debt To EBITDA4.013.822.993
Slightly volatile
Current Ratio0.850.690.6386
Very volatile
Receivables Turnover5.194.425.7793
Slightly volatile
Graham Number10.7711.3433.1461
Slightly volatile
Shareholders Equity Per Share15.6216.8420.1832
Pretty Stable
Debt To Equity2.122.021.4084
Slightly volatile
Capex Per Share5.415.585.049
Slightly volatile
Average Receivables1.9 B1.9 B1.8 B
Pretty Stable
Revenue Per Share30.6830.7726.6543
Slightly volatile
Interest Debt Per Share41.539.5230.1604
Slightly volatile
Debt To Assets0.290.470.423
Slightly volatile
Enterprise Value Over EBITDA8.478.9111.1495
Slightly volatile
Short Term Coverage Ratios2.181.432.4382
Very volatile
Price Earnings Ratio66.0110239.2481
Very volatile
Operating Cycle94.0998.4879.7693
Pretty Stable
Price Book Value Ratio1.952.053.849
Slightly volatile
Days Of Payables Outstanding11692.2681.0891
Pretty Stable
Dividend Payout Ratio10.449.942.6452
Slightly volatile
Price To Operating Cash Flows Ratio4.755.08.9323
Slightly volatile
Price To Free Cash Flows Ratio11.2210.6925.8572
Slightly volatile
Pretax Profit Margin0.03330.03510.1432
Slightly volatile
Ebt Per Ebit0.09760.10.4278
Slightly volatile
Operating Profit Margin0.20.390.3573
Slightly volatile
Effective Tax Rate0.370.70.318
Slightly volatile
Company Equity Multiplier3.364.953.1792
Slightly volatile
Long Term Debt To Capitalization0.380.590.5115
Slightly volatile
Total Debt To Capitalization0.420.620.5575
Slightly volatile
Return On Capital Employed0.110.160.1769
Very volatile
Debt Equity Ratio2.122.021.4084
Slightly volatile
Ebit Per Revenue0.20.390.3573
Slightly volatile
Quick Ratio0.730.660.5699
Pretty Stable
Dividend Paid And Capex Coverage Ratio0.790.760.9919
Slightly volatile
Net Income Per E B T0.490.330.6506
Slightly volatile
Cash Ratio0.110.120.0569
Slightly volatile
Operating Cash Flow Sales Ratio0.210.260.2979
Very volatile
Days Of Inventory Outstanding12.4313.0914.8279
Slightly volatile
Days Of Sales Outstanding69.4885.464.2255
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.180.330.3657
Pretty Stable
Cash Flow Coverage Ratios0.350.210.3025
Slightly volatile
Price To Book Ratio1.952.053.849
Slightly volatile
Fixed Asset Turnover1.070.940.9313
Slightly volatile
Capital Expenditure Coverage Ratio1.161.421.5998
Pretty Stable
Price Cash Flow Ratio4.755.08.9323
Slightly volatile
Enterprise Value Multiple8.478.9111.1495
Slightly volatile
Debt Ratio0.290.470.423
Slightly volatile
Cash Flow To Debt Ratio0.350.210.3025
Slightly volatile
Price Sales Ratio1.361.432.6944
Slightly volatile
Return On Assets0.0040.00420.0422
Slightly volatile
Asset Turnover0.530.380.4294
Slightly volatile
Net Profit Margin0.0120.01270.0991
Slightly volatile
Gross Profit Margin0.340.40.4137
Very volatile
Price Fair Value1.952.053.849
Slightly volatile
Return On Equity0.01720.01810.1251
Slightly volatile

BCE Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap36.1 B38 B43 B
Slightly volatile
Enterprise Value46.5 B48.9 B52.5 B
Slightly volatile

BCE Fundamental Market Drivers

Forward Price Earnings12.4533
Cash And Short Term InvestmentsB

About BCE Financial Statements

BCE investors utilize fundamental indicators, such as revenue or net income, to predict how BCE Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue890.1 M759.4 M
Total Revenue28.1 B22.6 B
Cost Of Revenue15.5 B13 B
Sales General And Administrative To Revenue 0.03  0.03 
Capex To Revenue 0.16  0.14 
Revenue Per Share 30.77  30.68 
Ebit Per Revenue 0.39  0.20 

Pair Trading with BCE

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BCE position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BCE will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to BCE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BCE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BCE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BCE Inc to buy it.
The correlation of BCE is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BCE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BCE Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for BCE can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether BCE Inc is a strong investment it is important to analyze BCE's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact BCE's future performance. For an informed investment choice regarding BCE Stock, refer to the following important reports:
Check out the analysis of BCE Correlation against competitors.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Please note, there is a significant difference between BCE's value and its price as these two are different measures arrived at by different means. Investors typically determine if BCE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BCE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.