BCE Inc. (BCE) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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BCE Revenue Growth
Revenue Breakdown (FY 2021)
BCE's revenue distribution by segment and geography for fiscal year 2021
By Product/Segment
BCE Revenue Analysis (2014–2025)
As of May 7, 2026, BCE Inc. (BCE) generated trailing twelve-month (TTM) revenue of $24.45 billion, reflecting slight decline in growth of -0.6% year-over-year. The most recent quarter (Q4 2025) recorded $6.38 billion in revenue, up 5.5% sequentially.
Looking at the longer-term picture, BCE's 5-year compound annual growth rate (CAGR) stands at +1.3%, indicating moderate growth over time. The company achieved its highest annual revenue of $24.67 billion in 2023.
Revenue diversification analysis shows BCE's business is primarily driven by Service, Data (54%), Voice (22%), and Media (18%). With over half of revenue concentrated in Service, Data, the company maintains significant focus in this area while developing other growth vectors.
When compared to Communication Services sector peers including T (+2.9% YoY), VZ (+2.5% YoY), and TMUS (+9.5% YoY), BCE has underperformed the peer group in terms of revenue growth. Compare BCE vs T →
BCE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BCECurrent | $24.4B | -0.6% | +1.3% | 22.2% | |
 T | $125.6B | +2.9% | -6.1% | 19.2% | |
 VZ | $138.2B | +2.5% | +1.5% | 21.2% | |
 TMUS | $88.3B | +9.5% | +5.2% | 21.2% | |
 TU | $20.5B | +1.8% | +6.0% | 11.5% | |
 RCI | $21.7B | -0.0% | +9.3% | 23.1% |
BCE Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $24.45B | +0.2% | $16.75B | 68.5% | $5.42B | 22.2% |
| 2024 | $24.41B | -1.1% | $16.70B | 68.4% | $5.55B | 22.7% |
| 2023 | $24.67B | +2.1% | $7.42B | 30.1% | $5.50B | 22.3% |
| 2022 | $24.17B | +3.1% | $16.53B | 68.4% | $5.48B | 22.7% |
| 2021 | $23.45B | +2.5% | $16.16B | 68.9% | $5.28B | 22.5% |
| 2020 | $22.88B | +24.7% | $15.92B | 69.6% | $0 | - |
| 2019 | $18.35B | -21.8% | $5.85B | 31.9% | $4.37B | 23.8% |
| 2018 | $23.47B | +3.3% | $9.82B | 41.8% | $5.52B | 23.5% |
| 2017 | $22.72B | +4.6% | $9.57B | 42.1% | $5.44B | 23.9% |
| 2016 | $21.72B | +1.0% | $15.01B | 69.1% | $5.28B | 24.3% |
Full BCE Stock Analysis
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Start ComparisonBCE — Frequently Asked Questions
Quick answers to the most common questions about buying BCE stock.
Is BCE's revenue growth accelerating or slowing?
BCE revenue growth slowed to -0.6%, below the 5-year CAGR of +1.3%. TTM revenue is $24.4B. The deceleration marks a shift from historical growth rates.
What is BCE's long-term revenue growth rate?
BCE Inc.'s 5-year revenue CAGR of +1.3% reflects the variable expansion pattern. Current YoY growth of -0.6% is near this long-term average.
How is BCE's revenue distributed by segment?
BCE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.