BCE Inc. (BCE) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 6.18B | 6.38B | 6.05B | 6.08B | 5.93B | 6.42B | 5.97B | 6B | 6.01B | 6.47B | 6.08B | 4.58B | 4.48B | 6.44B | 4.35B | 4.55B | 4.68B | 6.21B | 5.83B | 5.69B |
| Revenue Growth % | 4.28% | -0.59% | 1.31% | 1.33% | -1.35% | -0.79% | -1.79% | 31.22% | 34.28% | 0.53% | 39.68% | 0.56% | -4.26% | 3.7% | -25.32% | -20.03% | -18.02% | 1.75% | 34.53% | 44.77% |
| Cost of Goods Sold | 4.33B | 8.14B | 1.76B | 1.91B | 1.89B | 2.29B | 1.74B | 1.81B | 4.23B | 2.29B | 1.84B | 3.15B | 3.16B | 3.71B | 2.99B | 3.11B | 3.17B | 3.57B | 3.96B | 3.93B |
| COGS % of Revenue | 69.96% | 127.52% | 29.18% | 31.42% | 31.87% | 35.61% | 29.06% | 30.11% | 70.44% | 35.44% | 30.3% | 68.79% | 70.55% | 57.65% | 68.77% | 68.26% | 67.78% | 57.51% | 68.03% | 69.02% |
| Gross Profit | 1.86B | -1.76B | 4.28B | 4.17B | 4.04B | 4.13B | 4.24B | 4.2B | 1.78B | 4.18B | 4.24B | 1.43B | 1.32B | 2.73B | 1.36B | 1.44B | 1.51B | 2.64B | 1.86B | 1.76B |
| Gross Margin % | 30.04% | -27.52% | 70.82% | 68.58% | 68.13% | 64.39% | 70.94% | 69.89% | 29.56% | 64.56% | 69.7% | 31.21% | 29.45% | 42.35% | 31.23% | 31.74% | 32.22% | 42.49% | 31.97% | 30.98% |
| Gross Profit Growth % | -54.02% | -142.49% | 1.13% | -0.57% | 127.35% | -1.05% | -0.05% | 193.89% | 34.79% | 53.25% | 211.8% | -1.12% | -12.49% | 3.37% | -27.07% | -18.07% | -13.33% | 0.15% | 37.99% | 38.46% |
| Operating Expenses | 579.49M | -8.37B | 2.83B | 2.79B | 2.75B | 2.78B | 2.77B | 2.77B | 474M | 2.87B | 4.24B | 362.11M | 329.77M | 277M | 342.51M | 364.16M | 361.24M | 270M | 454.42M | 441.44M |
| OpEx % of Revenue | 9.37% | -131.12% | 46.8% | 45.78% | 46.44% | 43.29% | 46.44% | 46.13% | 7.89% | 44.26% | 69.7% | 7.91% | 7.37% | 4.3% | 7.87% | 8% | 7.73% | 4.35% | 7.8% | 7.76% |
| Selling, General & Admin | 579.49M | -2.97B | 974M | 992M | 1B | 1.03B | 1.03B | 1.04B | 474M | 1.1B | 1.08B | 362.11M | 329.77M | 220M | 342.51M | 364.16M | 361.24M | 0 | 454.42M | 441.44M |
| SG&A % of Revenue | 9.37% | -46.46% | 16.1% | 16.3% | 16.86% | 16.01% | 17.32% | 17.32% | 7.89% | 17.06% | 17.78% | 7.91% | 7.37% | 3.42% | 7.87% | 8% | 7.73% | - | 7.8% | 7.76% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 66M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57M | 0 | 0 | 0 | 57M | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | 1.03% | - | - | - | - | - | - | - | 0.89% | - | - | - | 0.92% | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 1.28B | 6.61B | 1.45B | 1.39B | 1.29B | 1.35B | 1.46B | 1.43B | 1.3B | 1.31B | 0 | 1.07B | 988.58M | 2.45B | 1.02B | 1.08B | 1.15B | 2.37B | 1.41B | 1.32B |
| Operating Margin % | 20.67% | 103.6% | 24.02% | 22.79% | 21.69% | 21.1% | 24.5% | 23.76% | 21.68% | 20.3% | - | 23.29% | 22.08% | 38.05% | 23.36% | 23.73% | 24.5% | 38.14% | 24.21% | 23.25% |
| Operating Income Growth % | -0.6% | 388.12% | -0.68% | -2.8% | -1.3% | 3.12% | - | 33.87% | 31.81% | -46.37% | -100% | -1.31% | -13.68% | 3.46% | -27.94% | -18.36% | -11.63% | 0.94% | 40.03% | 46.74% |
| EBITDA | 2.64B | 7.98B | 2.76B | 2.67B | 2.56B | 2.6B | 2.72B | 2.7B | 2.56B | 2.57B | 2.57B | 2B | 1.88B | 3.64B | 1.87B | 2.01B | 2.07B | 3.54B | 2.56B | 2.48B |
| EBITDA Margin % | 42.66% | 125% | 45.66% | 43.94% | 43.14% | 40.56% | 45.59% | 44.91% | 42.67% | 39.66% | 42.2% | 43.6% | 41.92% | 56.56% | 42.96% | 44.19% | 44.17% | 57.08% | 43.89% | 43.51% |
| EBITDA Growth % | 3.12% | 206.33% | 1.47% | -0.85% | -0.27% | 1.48% | 6.08% | 35.16% | 36.68% | -29.52% | 37.21% | -0.78% | -9.13% | 2.77% | -26.89% | -18.78% | -14.98% | 2.69% | 39.24% | 44.67% |
| D&A (Non-Cash Add-back) | 1.36B | 1.37B | 1.31B | 1.29B | 1.27B | 1.25B | 1.26B | 1.27B | 1.26B | 1.25B | 1.23B | 929.42M | 888.02M | 1.19B | 853.39M | 930.99M | 919.88M | 1.18B | 1.15B | 1.15B |
| EBIT | 1.28B | 2.54B | 5.51B | 1.33B | 1.36B | 1.12B | -737M | 1.26B | 1.05B | 1.05B | 1.33B | 1.05B | 1.02B | 1.26B | 928.54M | 920.12M | 1.23B | 1.25B | 1.4B | 1.25B |
| Net Interest Income | -431.11M | -537.55M | -437M | -427M | -372M | -383M | -389M | -384M | -368M | -347M | -331M | -319M | -303M | -306M | -278M | -262M | -242M | -280M | -277M | -273M |
| Interest Income | 14.04M | -86M | 20M | 15M | 51M | 56M | 60M | 50M | 48M | 62M | 53M | 50M | 51M | 21M | 28M | 16M | 26M | 3M | 3M | 2M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 908.34M | 826.72M | 5.05B | 884M | 940M | 680M | -1.19B | 835M | 623M | 645M | 950M | 505.45M | 782.29M | 789M | 685.75M | 687.95M | 1.01B | 907M | 1.12B | 970M |
| Pretax Margin % | 14.69% | 12.95% | 83.48% | 14.53% | 15.85% | 10.59% | -19.86% | 13.91% | 10.36% | 9.96% | 15.63% | 11.05% | 17.48% | 12.25% | 15.75% | 15.12% | 21.69% | 14.61% | 19.2% | 17.04% |
| Income Tax | 239.62M | 200.03M | 495M | 240M | 257M | 175M | 5M | 231M | 166M | 210M | 243M | 205.95M | 199.64M | 222M | 128.62M | 180.14M | 267.73M | 249M | 306M | 236M |
| Effective Tax Rate % | 26.38% | 24.2% | 9.8% | 27.15% | 27.34% | 25.74% | -0.42% | 27.66% | 26.65% | 32.56% | 25.58% | 40.75% | 25.52% | 28.14% | 18.76% | 26.19% | 26.4% | 27.45% | 27.35% | 24.33% |
| Net Income | 654.69M | 469.86M | 4.54B | 619M | 671M | 504M | -1.19B | 583M | 449M | 430M | 687M | 282.9M | 570.08M | 572M | 544.84M | 489.95M | 728.07M | 658M | 791M | 717M |
| Net Margin % | 10.59% | 7.36% | 75.05% | 10.17% | 11.32% | 7.85% | -19.96% | 9.71% | 7.47% | 6.64% | 11.3% | 6.18% | 12.74% | 8.88% | 12.52% | 10.77% | 15.57% | 10.6% | 13.57% | 12.6% |
| Net Income Growth % | -2.43% | -6.77% | 480.87% | 6.17% | 49.44% | 17.21% | -273.51% | 106.08% | -21.24% | -24.83% | 26.09% | -42.26% | -21.7% | -13.07% | -31.12% | -31.67% | 8.02% | -28.56% | 45.94% | 260.35% |
| Net Income (Continuing) | 668.72M | 626.69M | 4.55B | 644M | 683M | 505M | -1.19B | 604M | 457M | 435M | 707M | 299.5M | 582.65M | 567M | 557.12M | 507.81M | 746.45M | 658M | 813M | 734M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 293.76M | 290M | 300M | 310M | 286M | 289M | 303M | 317M | 323M | 328M | 337M | 328M | 333M | 337M | 340M | 328M | 318M | 306M | 351M | 340M |
| EPS (Diluted) | 0.66 | 0.65 | 4.83 | 0.62 | 0.68 | 0.51 | -1.36 | 0.59 | 0.44 | 0.42 | 0.70 | 0.36 | 0.79 | 0.58 | 0.78 | 0.65 | 0.96 | 0.69 | 0.83 | 0.76 |
| EPS Growth % | -2.94% | 27.45% | 455.15% | 5.08% | 54.55% | 21.43% | -294.29% | 63.89% | -44.3% | -27.59% | -10.26% | -44.62% | -17.71% | -15.94% | -6.02% | -14.47% | 35.21% | -29.59% | 7.79% | 192.31% |
| EPS (Basic) | 0.66 | 0.65 | 4.83 | 0.62 | 0.68 | 0.51 | -1.36 | 0.59 | 0.44 | 0.42 | 0.70 | 0.36 | 0.79 | 0.58 | 0.78 | 0.65 | 0.96 | 0.69 | 0.83 | 0.76 |
| Diluted Shares Outstanding | 932.5M | 928.57M | 932.5M | 930.9M | 920.3M | 912.3M | 912.3M | 912.3M | 912.3M | 912.3M | 912.3M | 912.5M | 912.3M | 912.2M | 912.3M | 911.9M | 910.8M | 909.6M | 907.6M | 905.3M |
| Basic Shares Outstanding | 932.5M | 928.57M | 940.37M | 930.9M | 920.3M | 912.3M | 912.3M | 912.3M | 912.3M | 912.3M | 912.3M | 912.2M | 912.1M | 912M | 911.9M | 911.9M | 910.1M | 908.8M | 906.9M | 905M |
| Dividend Payout Ratio | 62.48% | 96.62% | 8.99% | 98.22% | 62.34% | 125.47% | - | 114.05% | 145.17% | 154.76% | 94.61% | 311.77% | 147.17% | 108.2% | 153.99% | 171.24% | 109.19% | 120.82% | 79.02% | 110.32% |