BCE Inc.

BCE

$23.56

+0.64%

2026-09-02 11:15:39 EDT+$0.15

Communication Services

Telecommunications Services

NYSE

Active Trading

BCE Inc. stands as a prominent Canadian telecommunications and media conglomerate, delivering a comprehensive suite of wireless, landline, internet, and television services ...

Price Action of BCE

$23.56

+0.64%+$0.15

High—

Low—

52W High-9.8%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

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BCE Inc. (BCE) is a Canadian communications and media conglomerate headquartered in Verdun, Québec, operating a broad national network of telecom services and content/advertising platforms. The company’s business is commonly organized into three core divisions: Bell Wireless, Bell Wireline and Bell Media. Bell Wireless focuses on mobile voice and data ...BCE Inc. (BCE) is a Canadian communications and media conglomerate headquartered in Verdun, Québec, operating a broad national network of telecom services and content/advertising platforms. The company’s business is commonly organized into three core divisions: Bell Wireless, Bell Wireline and Bell Media. Bell Wireless focuses on mobile voice and data services, including consumer plans and related device offerings. Bell Wireline provides landline and fixed services such as internet access, Internet Protocol Television (IPTV), local and long-distance telephony, satellite television, and additional connectivity offerings. It also plays a significant role in the wholesale market by acquiring and supplying telecommunications services (e.g., local, long-distance and data) to other carriers and resellers, helping extend network reach and enable competitive service distribution in Canada. Bell Media manages entertainment and advertising assets that span conventional and specialty/premium pay television, streaming and digital media content, radio broadcasting, and outdoor advertising—creating an integrated footprint across communications and content. From a “products and services” perspective, BCE’s telecom portfolio typically combines network infrastructure and service bundles (wireless plans, broadband, TV/streaming experiences, and connectivity/voice solutions). These offerings support recurring revenue streams driven by customer subscriptions and usage. Cost structure is influenced by capital intensity typical of telecoms—ongoing investments in network buildout, spectrum/technology upgrades, and maintenance—alongside operating costs for customer operations, billing/support, and media/advertising operations. BCE’s reported leverage and liquidity indicators (e.g., enterprise value and profitability/margin measures) suggest an established scale with meaningful operating margins but also ongoing financing and capital expenditure requirements typical for large network operators. The company also returns capital to shareholders, as reflected in a dividend yield (around mid-single digits in the provided snapshot), consistent with its profile as a mature utility-like communications provider. Financially, BCE is evaluated by investors on profitability, cash generation, and balance-sheet resilience (including debt levels relative to earnings and cash coverage). Metrics provided in the snapshot indicate positive profitability and cash-flow capability along with moderate valuation multiples relative to earnings/sales. These factors often matter for telecom investors because network investment cycles can affect near-term free cash flow, while longer-term subscribers and service mix can stabilize results. Key leadership includes Mirko Bibic, who serves as President and CEO. The company’s formation history includes a major corporate reorganization in 1983, and it traces its broader telecommunications legacy to earlier Bell-era history (commonly cited as 1880 for the original Bell telephone company). Overall, BCE aims to maintain and upgrade nationwide connectivity while leveraging its media and advertising platforms to diversify demand and strengthen customer engagement across multiple screens and channels.ExpandCollapse

Founded

1983

Employees

38683

CEO

Mirko Bibic

Full Name

BCE Inc.

Sector

Communication Services

Industry

Telecommunications Services

ROE

27.73%

Market Cap

$21.97B

Current Ratio

0.73

WACC

4.85%

ROIC

14.79%

Contact Information

https://www.bce.ca

15147868424

Building A, Verdun, QC H3E 3B3

Key Metrics of BCE

Snapshot

Latest / TTM · 6 periods

Market Cap

$21.97B

ROCE

7.6%

EV / EBITDA

4.82x

-0.5% YoY

FCF Yield

8.7%

-2.2% YoY

Cash Conversion Cycle

-64.5d

Current Ratio

0.73

Quick take

TTM —

Current ratio below 1.0

Negative working capital

Financial Highlights of BCE

Profitability trend

Latest / TTM · 6 periods

Gross Margin

59.2%

Net Margin

25.9%

P/E Ratio

4.86x

n/a

Debt / Equity

1.75

n/a

Current Ratio

0.73

Dividend Yield

5.3%

Understanding

TTM —

Current ratio below 1.0

Calendar of BCE

Upcoming

Sep 15, 2026In 11 days
Ex-dividend date
$1.75 per share
Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $0.72 · Revenue $6.32B · 9 analysts
Oct 15, 2026In 41 days
Dividend payment
$1.75 per share
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $0.62 · Revenue $6.60B · 8 analysts

Recent history

Jun 30, 2026
Q2 FY2026 · Results reported
EPS CAD 0.60 · Revenue CAD 6.18B
Mar 31, 2026
Q1 FY2026 · Results reported
EPS CAD 0.66 · Revenue CAD 6.18B
Dec 31, 2025
FY2025 · Annual results
EPS CAD 6.78 · Revenue CAD 24.47B
Sep 30, 2025
Q3 FY2025 · Results reported
EPS CAD 4.83 · Revenue CAD 6.05B
Jun 30, 2025
Q2 FY2025 · Results reported
EPS CAD 0.62 · Revenue CAD 6.08B
Mar 31, 2025
Q1 FY2025 · Results reported
EPS CAD 0.68 · Revenue CAD 5.93B

Financial Statements of BCE

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$24.5B	+0.2%	-0.1%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$6.5B	+1777.9%	-8.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+68.4%	+0.0%	+2.8%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+22.2%	-2.5%	+3.9%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+26.4%	+1773.4%	-8.7%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$3.3B	+28.6%	+250.5%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+13.5%	+28.3%	+250.8%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	178.4%	-20.5%	-4.8%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	0.58x	-4.1%	-2.2%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$80.2B	+9.1%	-0.6%

Actual vs Estimate

A Dec 31Q Jun 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	6.78 vs 2.71	+150.0%	0.60 vs 0.64	-6.1%
Revenue Surprise	$24.5B vs $24.6B	-0.4%	$6.2B vs $6.2B	-0.1%

Insider Transactions of BCE

Acquisitions (A)

Since Jul 9, 2008

Disposals (D)

Since Jul 9, 2008

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Jul 9, 2008	MARTIN THEODORE E	director	Option (Right to Buy)	A	1,200	$88.75

Earnings Call Transcript of BCE

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Good morning, ladies and gentlemen. Welcome to the BCE Q2 2026 Results Conference Call. I would now like to turn the meeting over to Kris Somers. Please go ahead, Mr. Somers. Krishna Somers: Thank you. Good morning, everyone, and thank you for joining our call. With me here today are Mirko Bibic, BCE's President and CEO; and our CFO, Curtis Millen. You can find all our Q2 disclosure documents on the Investor Relations page of the bce.ca website, which we posted earlier this morning. Before we begin, I'd like to draw your attention to our safe harbor statement on Slide 2, reminding you that today's slide presentation and remarks made during the call will include forward-looking information, and therefore, are subject to risks and uncertainties. Results could differ materially. We disclaim any obligation to update forward-looking statements, except as required by law. Please refer to our publicly filed documents for more details on assumptions and risks. With that out of the way, I'll turn the call over to Mirko. Mirko Bibic: Thank you, Kris, and good morning to all. Our Q2 results show continued execution against the strategy we laid out at Investor Day last year. Consolidated revenue increased 1.5%, adjusted EBITDA grew 1%, and we generated more than $1 billion of free cash flow in the quarter. We also reduced our net debt leverage ratio to approximately 3.7x while continuing to invest in the growth platforms that will shape BCE's long-term profile. The quarter also reflects progress across a number of key areas. Wireless trends improved with pricing better reflecting the value we offer customers, postpaid churn reaching its lowest quarterly level in 3 years and improved product margins. Fiber continued to drive Internet growth across Canada and the U.S. Bell AI Fabric continued to build momentum, and Bell Media delivered a strong quarter, supported by FIFA World Cup performance and continued growth at Crave. This is exactly how we said we would run the company, disciplined execution in the core business, focused investment in higher growth opportunities and a clear path to sustainable free cash flow growth. In fact, we've led the industry for the past couple of years in bringing down Canadian telecom capital spending in the face of unfavorable regulatory decisions, while at the same time, redirecting that capital toward AI fabric and U.S. fiber. I'll start on Slide 3 with our progress against the 4 strategic priorities we outlined last year. Putting the customer first remains foundational. In Q2, the customer experience and retention initiatives we've executed over the past year and even before that continue to pay off. Postpaid churn improved 4 basis points year-over-year to 1.02%, which is the lowest quarterly level in 3 years. And in a lower growth market, that matters. We also launched our always-on Internet solutions, wireless Internet backup and power backup. These are practical solutions that help customers stay connected when …

Leadership Team of BCE

10 executives

Name	Title	Compensation	Gender	Year Born	Status
Mirko Bibic	Chief Executive Officer, President & Director	CAD 3,405,391	Male	1968	Active
John Watson	Group President of Business Markets, AI & Ateko	CAD 2,429,687	Male	1964	Active
Sean H. Cohan	President of Bell Media	CAD 1,403,875	Male	1976	Active
Blaik Kirby	Group President of Consumer & Small Business	CAD 1,251,145	Male	—	Active
Curtis Millen	Executive Vice President & Chief Financial Officer	CAD 1,104,866	Male	—	Active
Karine Moses	Senior Vice President of Sales & Vice Chair of Québec	—	Female	—	Active
Hadeer Hassaan	Executive Vice President and Chief Information & Customer Experience Officer	—	Female	—	Active
Robert Malcolmson	Executive Vice President and Chief Legal & Regulatory Officer	—	Male	—	Active
Krishna Somers	Senior Vice President of Investor Relations	—	Male	—	Active
Mark McDonald	Executive Vice President & Chief Technology Officer	—	Male	—	Active

Recent News of BCE

Zacks Investment Research8/12/2026Neutral

Is BCE Stock Worth Buying as Low Valuation Meets Execution Risks?

BCE looks cheap at 6.0X EV/EBITDA, but leverage, a 2026 EPS reset and heavy AI and fiber spending keep execution risk in focus.

Zacks Investment Research8/12/2026Neutral

BCE Stock Climbs 10.2% in One Month. Can the Rally Sustain Its Pace?

BCE's 10.2% monthly rally gets support from Q2 revenue and EPS growth, but heavy spending, leverage and falling estimates keep the outlook cautious.

Zacks Investment Research8/12/2026Neutral

BCE Q2 Beat Puts a $1.3 Billion AI Spending Plan to the 2027 Test

BCE enters its heaviest AI spending phase with 335 MW contracted, as surging capex pressures 2026 cash flow ahead of expected 2027 revenue.

MarketBeat8/7/2026Neutral

BCE Q2 Earnings Call Highlights

BCE NYSE: BCE reported second-quarter 2026 revenue growth of 1.5%, adjusted EBITDA growth of 1%, and more than C$1 billion in free cash flow, as the telecommunications company continued investing in U.S. fiber expansion and AI data-center infrastructure.

Zacks Investment Research8/7/2026Neutral

BCE's Q2 Earnings Beat Estimates on Ziply Fiber & Media Momentum

BCE's Q2 earnings and revenue rose as Ziply Fiber, Bell Media and AI services offset weaker product sales and higher investment spending.

Historical Employee Count of BCE

Current

Minimum

Maximum

Recent Filings

Report Date	Form Type	Filing Date	SEC Filing
Dec 31, 2025	40-F	Mar 6, 2026	View
Dec 31, 2024	40-F	Mar 7, 2025	View
Dec 31, 2023	40-F	Mar 8, 2024	View
Dec 31, 2022	40-F	Mar 3, 2023	View
Dec 31, 2021	40-F	Mar 4, 2022	View

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BCE Inc.