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BCE (BCE)
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BCE Income Statement 2025-2011 | BCE
Brief overview of income trends at BCE
This overview is based on financial performance over the past five years. BCE reported revenue of 21 billion Canadian dollars in 2015 and 22.9 billion Canadian dollars by 2020. The cumulative result was +8.7%, corresponding to roughly 1.7% per year. Revenue was effectively stagnant over the period.
The five-year change in gross profit reached −54.3%: from 21 billion Canadian dollars to 9.6 billion Canadian dollars. Gross profit as a share of revenue changed from 100% to 42%. The margin decline reflects a less favorable sales-and-cost structure.
The operating result measured by EBITDA moved from 3.5 billion Canadian dollars to 0 Canadian dollars, or −100%. The operating result developed less favorably than sales. At the operating-margin level, the figure shifted from 16.4% to 0%. The margin contraction indicates weaker operating efficiency.
Comparing the endpoints shows a move from 0 Canadian dollars to 2.6 billion Canadian dollars. The trajectory reversed from a loss to positive earnings.
Market value was 34.7 billion Canadian dollars at the start and 35.2 billion Canadian dollars at the end. Investor perception of value changed only slightly.
Overall conclusion
Signs of deterioration dominate the five-year picture. The most visible risks are weak sales momentum, weaker gross profitability and a low EBITDA margin. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement BCE
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
23.8 B | 22.6 B | 31.4 B | 37.1 B | 46.6 B | 35.2 B | 36.4 B | 31.4 B | 39.2 B | 39 B | 34.7 B | 34 B | 52.9 B | 45.4 B | 28.2 B |
Shares |
929 M | 912 M | 912 M | 912 M | 906 M | 904 M | 901 M | 894 M | 869 M | 847 M | 794 M | 776 M | 1.14 B | 1.14 B | 759 M |
Historical Prices |
25.6 | 24.8 | 34.4 | 40.7 | 51.4 | 38.9 | 40.4 | 35.1 | 35.8 | 32.9 | 28.1 | 30.5 | 26.5 | 26.6 | 23.2 |
Net Income |
6.51 B | 375 M | 2.33 B | 2.93 B | 2.89 B | 2.63 B | 3.19 B | - | - | - | - | - | 3.88 B | - | - |
Revenue |
- | - | - | - | - | 22.9 B | 24 B | 22.7 B | 21.7 B | 21.5 B | 21 B | 20.4 B | 20 B | - | 18.1 B |
Cost of Revenue |
7.72 B | 7.7 B | 7.93 B | 7.64 B | 7.29 B | 6.97 B | 7.36 B | 7.35 B | 7.01 B | 6.7 B | - | - | - | - | - |
Gross Profit |
- | - | - | - | - | 9.61 B | 12.1 B | 22.7 B | 21.7 B | 21.5 B | 21 B | 20.4 B | 20 B | - | 13.1 B |
Interest Expense |
1.78 B | 1.71 B | 1.48 B | 1.15 B | - | 1.11 B | 1.12 B | 1 B | 955 M | 888 M | - | - | - | - | - |
EBITDA |
- | - | - | - | - | - | - | - | 3.51 B | 3.42 B | 3.45 B | 3.38 B | 7.27 B | 3.26 B | 6.96 B |
Operating Expenses |
13.8 B | 13.8 B | 14.3 B | 14 B | 13.6 B | 13.3 B | 13.8 B | 13.9 B | 13.6 B | 12.5 B | 13.2 B | 14.9 B | 15.6 B | 15.5 B | 15.3 B |
General and Administrative Expenses |
- | - | - | - | - | - | -138 M | - | - | - | - | - | - | - | -5.93 B |
Annual performance
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All numbers in CAD currency
Quarterly Income Statement BCE
| 2025-Q4 | 2025-Q2 | 2024-Q4 | 2024-Q2 | 2023-Q4 | 2023-Q2 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
929 M | 931 M | 912 M | 912 M | 912 M | 912 M | - | - | - | - | - | - | 905 M | - | - | - | 904 M | - | - | - | 900 M | - | - | - | 898 M | - | - | - | 901 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
6.51 B | 644 M | 375 M | 604 M | 2.33 B | 397 M | - | - | - | - | - | - | 734 M | - | - | - | 294 M | - | - | - | 817 M | - | - | - | 755 M | - | - | - | 814 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
7.72 B | 1.91 B | 7.7 B | 1.81 B | 7.93 B | 1.84 B | - | - | - | - | - | - | 1.66 B | - | - | - | 1.47 B | - | - | - | 1.71 B | - | - | - | 1.72 B | - | - | - | 1.68 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
1.78 B | 442 M | 1.71 B | 426 M | 1.48 B | 359 M | - | - | - | - | - | - | 268 M | - | - | - | 280 M | - | - | - | 279 M | - | - | - | 246 M | - | - | - | 238 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
13.8 B | 3.41 B | 13.8 B | 3.31 B | 14.3 B | 3.42 B | - | - | - | - | - | - | 3.22 B | - | - | - | 3.02 B | - | - | - | 3.32 B | - | - | - | 3.36 B | - | - | - | 3.31 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
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All numbers in CAD currency
The income statement is one of the three key financial reports of a company BCE (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.