BCE Inc. (TSX:BCE)

BCE Inc. Income Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	24,486	24,409	24,673	24,174	23,449	22,883
Revenue Growth (YoY)	0.11%	-1.07%	2.06%	3.09%	2.47%	-3.82%
Cost of Revenue	13,511	13,472	13,840	13,647	13,363	13,081
Gross Profit	10,975	10,937	10,833	10,527	10,086	9,802
Selling, General & Admin	216	216	218	220	213	241
Research & Development	66	66	90	57	-	-
Amortization of Goodwill & Intangibles	1,326	1,283	1,173	1,063	982	929
Operating Expenses	5,400	5,323	5,226	5,000	4,822	4,645
Operating Income	5,575	5,614	5,607	5,527	5,264	5,157
Interest Expense	-1,753	-1,713	-1,475	-1,146	-1,082	-1,110
Interest & Investment Income	92	123	67	22	-	-
Earnings From Equity Investments	8	-237	-553	-61	-95	5
Other Non Operating Income (Expenses)	-206	-210	-70	-55	338	-69
EBT Excluding Unusual Items	3,716	3,577	3,576	4,287	4,425	3,983
Merger & Restructuring Charges	-524	-454	-200	-94	-209	-116
Gain (Loss) on Sale of Investments	5,164	57	80	24	-6	3
Asset Writedown	-1,005	-2,228	-132	-306	-221	-555
Other Unusual Items	203	-	-1	-18	-53	-50
Pretax Income	7,554	952	3,323	3,893	3,936	3,265
Income Tax Expense	1,167	577	996	967	1,044	792
Earnings From Continuing Operations	6,387	375	2,327	2,926	2,892	2,473
Earnings From Discontinued Operations	-	-	-	-	-	226
Net Income to Company	6,387	375	2,327	2,926	2,892	2,699
Minority Interest in Earnings	-53	-31	-64	-58	-52	-65
Net Income	6,334	344	2,263	2,868	2,840	2,634
Preferred Dividends & Other Adjustments	162	181	187	152	131	136
Net Income to Common	6,172	163	2,076	2,716	2,709	2,498
Net Income Growth	2245.93%	-84.80%	-21.09%	0.99%	7.82%	-17.46%
Shares Outstanding (Basic)	924	912	912	912	906	904
Shares Outstanding (Diluted)	924	912	912	912	907	904
Shares Change (YoY)	1.29%	0.01%	0.02%	0.58%	0.25%	0.33%
EPS (Basic)	6.68	0.18	2.28	2.98	2.99	2.76
EPS (Diluted)	6.68	0.18	2.28	2.98	2.99	2.76
EPS Growth	7324.86%	-92.15%	-23.62%	-0.31%	8.30%	-18.16%
Free Cash Flow	3,963	3,091	3,365	3,232	3,156	3,552
Free Cash Flow Per Share	4.29	3.39	3.69	3.54	3.48	3.93
Dividend Per Share	2.870	3.990	3.870	3.680	3.500	3.330
Dividend Growth	-27.52%	3.10%	5.16%	5.14%	5.10%	5.05%
Gross Margin	44.82%	44.81%	43.91%	43.55%	43.01%	42.84%
Operating Margin	22.77%	23.00%	22.73%	22.86%	22.45%	22.54%
Profit Margin	25.21%	0.67%	8.41%	11.24%	11.55%	10.92%
Free Cash Flow Margin	16.18%	12.66%	13.64%	13.37%	13.46%	15.52%
EBITDA	8,703	8,665	8,703	8,615	8,328	8,103
EBITDA Margin	35.54%	35.50%	35.27%	35.64%	35.52%	35.41%
D&A For EBITDA	3,128	3,051	3,096	3,088	3,064	2,946
EBIT	5,575	5,614	5,607	5,527	5,264	5,157
EBIT Margin	22.77%	23.00%	22.73%	22.86%	22.45%	22.54%
Effective Tax Rate	15.45%	60.61%	29.97%	24.84%	26.52%	24.26%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.