BCE Inc.

BCENYSECommunication Services● Active

$24.26

$-0.16(-0.63%)

Market Cap$22.6B

P/E Ratio—

52W High$26.52

52W Low$21.58

Avg Volume3.5M

Open$24.30

Beta0.59

Free Cash Flow Financials Revenue

BCE Inc. (BCE) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BCE · free cash flow · updated Jun 8, 2026

Core FCF metrics

BCE · FCF · TTM · margin & CAGR

Free cash flow was $3.29B for FY2025 (fiscal year ending 2025-12-31), up 28.6% year-over-year The FCF margin was 13.5%. Five-year CAGR stands at -1.0%.

FY2025 Free Cash Flow$3.29B▲ +28.6% YoY

Trailing 12M (TTM)$2.76Btrailing 4 quarters sum

FCF Margin13.5%$3.29B ÷ revenue

3-Year CAGR+11.4%FY2022 → FY2025

5-Year CAGR-1.0%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

BCE · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$6.99B(3.70B)$3.29B▲ +28.6%13.5%

FY2024$6.99B(4.43B)$2.56B▼ 19.5%10.5%

FY2023$7.95B(4.76B)$3.18B▲ +33.5%12.9%

FY2022$6.17B(3.79B)$2.38B▲ +118.9%9.9%

FY2021$8.01B(6.92B)$1.09B▼ 68.6%4.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

BCE · P/FCF · FCF yield · FCF per share

BCE Inc. (BCE) trades at a FCF yield of 8.68% and a price-to-free-cash-flow ratio of 8.2x. FCF per share stands at $2.97, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

8.68%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.97

TTM FCF ÷ Shares Outstanding

Price / FCF

x8.2

Share Price ÷ FCF per Share

EV / FCF (TTM)

x26.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

BCE · cash flow statement · operating / investing / financing

For FY2025, BCE Inc. generated $6.99B in operating cash flow and spent 3.70B in capital expenditures, yielding $3.29B in free cash flow.

Operating Activities

+$6.99B

Cash from core business operations

2025-12-31

Investing Activities

−$3.60B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$4.65B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($6.99B) − |CapEx| (3.70B) = FCF ($3.29B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Communication Services)

BCE vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

BCE Inc.YOU

BCE

$3.29B+28.6%13.5%

About Free Cash Flow & Methodology

BCE Inc. (BCE) reported free cash flow of $3.29B for FY2025 (fiscal year ending 2025-12-31), up 28.6% year-over-year. The FCF margin was 13.5%.

Based on available data, BCE Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $3.98B in FY2019. The 5-year CAGR stands at -1.0%.

BCE Inc.'s FCF yield is 8.68% and price-to-FCF ratio is 8.2x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

BCE free cash flow · 8 questions

BCE Inc. free cash flow was $3.29B for FY2025, up 28.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $2.76B.

BCE free cash flowBCE FCFBCE FCF 2025BCE free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · BCE Inc. · BCE Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026