BCE's investment case hinges on its ability to convert heavy fiber and 5G capital expenditures into growth despite flat revenue (0.24% average YoY) and a regulatory overhang from the CRTC's wholesale fiber mandate. The company maintains stable operating margin...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has been stagnant at 1.5% YoY in 2026Q2, while operating margins held at 21.5%, but earnings quality is distorted by non-recurring items (e.g., $4.5B net income in 2025Q3 vs. -$1.2B loss in 2024Q3).
BCE reported earnings per share (EPS) of C$0.69 in a recent quarter, demonstrating profitability amidst modest revenue growth. For the full year 2025, the company grew free cash flow by 10% to $3.2 billion and expanded its adjusted EBITDA margin to 43.6%, the highest in over 30 years.
BCE is investing in strategic growth areas such as AI and fiber optics, with a fully contracted 300 MW AI data center in Saskatchewan expected to generate significant revenue and EBITDA. The company aims for a $2 billion revenue target from AI solutions by 2028, further driving growth.
BCE offers a strong dividend yield, appealing to income-focused investors. Despite recent stock declines, the company's valuation remains attractive, with a potential upside of approximately 24.92% based on recent price targets.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 6, 2026 | $0.47+2.2% vs $0.46 | $4.3B-0.1% vs $4.4B |
Q2 2026 May 7, 2026 | $0.46+9.5% vs $0.42 | $4.4B+1.3% vs $4.4B |
Q1 2026 Feb 5, 2026 | $0.49+8.9% vs $0.45 | $4.7B-2.1% vs $4.8B |
Q4 2025 Nov 6, 2025 | $0.57+9.6% vs $0.52 | $4.3B-33.8% vs $6.5B |
Nykredit A S bought a new position in shares of BCE, Inc. (NYSE: BCE) (TSE: BCE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 99,320 shares of the utilities provider's stock, valued at approximately $2,139,000. Several other institutional
MONTRÉAL, Sept. 3, 2026 /PRNewswire/ -- Members of BCE Inc.'s (TSX: BCE) (NYSE: BCE) executive leadership will participate in fireside chats at three investor conferences in September.
BlackRock Inc. increased its stake in BCE, Inc. (NYSE: BCE) (TSE: BCE) by 32.0% during the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,275,177 shares of the utilities provider's stock after purchasing an additional 309,333 shares during the period. BlackRock
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.
Benchmark BCE against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for BCE Inc. (BCE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $21.61 | $20.15B | 4.50 | 0.24% | 26.4% | 31.77% | 7.16% | |
| $25.32 | $173.5B | 8.33 | 2.71% | 16.89% | 16.82% | — | |
| $46.52 | $194.25B | 11.46 | 2.52% | 11.64% | 15.33% | — | |
| $165.66 | $177.7B | 17.04 | 8.49% | 11.45% | 18.22% | — | |
| $8.50 | $13.38B | 16.66 | 1.82% | -4.51% | -6.16% | — | |
| $33.28 | $17.98B | 3.69 | 5.29% | 27.27% | 25.93% | — |
BCE Inc. (BCE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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BCE Inc. (BCE) stock FAQ — growth, dividends, profitability & financials explained
BCE Inc. (BCE) reported $24.80B in revenue for fiscal year 2025. This represents a 12% decrease from $28.17B in 1996.
BCE Inc. (BCE) grew revenue by 0.2% over the past year. Growth has been modest.
Yes, BCE Inc. (BCE) is profitable, generating $6.26B in net income for fiscal year 2025 (26.4% net margin).
Yes, BCE Inc. (BCE) pays a dividend with a yield of 7.16%. This makes it attractive for income-focused investors.
BCE Inc. (BCE) has a return on equity (ROE) of 31.8%. This is excellent, indicating efficient use of shareholder capital.
BCE Inc. (BCE) generated $2.66B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
BCE Inc. (BCE) has a dividend payout ratio of 31%. This suggests the dividend is well-covered and sustainable.
