Bank of Montreal (BMO) Financial Statements & Analysis

Bank of Montreal (BMO) Income Statement

Bank of Montreal reported revenue of CAD 36.10B in fiscal 2025 (fiscal year ended Oct 31, 2025), up 24.3% from CAD 29.03B a year earlier. Net income was CAD 8.71B, up 19.0% year over year, a net margin of 24.1%. Gross margin was 90.0% and operating margin 32.0%. In the most recent quarter, Q3 fiscal 2026 (ended Jul 31, 2026), revenue was CAD 20.07B, up 4.6% from the same quarter a year earlier.

Bank of Montreal Income Statement Analysis

Values in billions CAD

Income Statement Balance Sheet Cash Flow Ratios

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Bank of Montreal income statement - Annual data in billions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017
Revenue & Gross Profit
Revenue	36.10	29.03	29.02	26.26	27.06	22.23	25.33	22.87	21.87
Cost of Revenue	45.67	50.28	0.00	0.57	0.00	0.00	0.00	0.00	0.00
Gross Profit	32.48	28.28	29.64	25.69	26.91	25.03	25.33	22.87	21.87
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	12.82	5.93	12.27	8.63	4.66	9.65	11.13	8.81	9.01
Operating Expenses	20.93	18.75	23.70	8.06	9.72	9.65	11.13	8.81	9.01
Operating Income	11.55	9.07	10.30	19.37	14.07	9.90	12.32	10.69	10.05
Other Income/Expense
Interest Income	63.54	65.99	55.57	26.90	19.89	23.32	26.15	21.04	17.41
Interest Expense	42.05	46.52	36.89	11.01	5.58	9.34	13.26	9.14	6.14
Other Income/Expense	-0.18	0.47	-2.49	-1.48	-3.82	-3.55	-5.05	-3.28	-3.42
Income
Income Before Tax	11.55	9.54	5.95	17.89	11.66	6.35	7.27	7.41	6.65
Income Tax Expense	2.83	2.21	1.51	4.35	2.50	1.25	1.51	1.96	1.30
Net Income	8.71	7.32	4.43	13.54	7.75	5.10	5.76	5.45	5.35
Net Income - Continuous Operations	8.73	7.33	4.43	13.54	7.75	5.10	5.76	5.45	5.35
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	12.39	2.11	7.72	19.09	1.57	7.61	8.11	8.37	7.14
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	1.15	1.11	2.10	1.48	1.43	1.42	0.99	0.90	0.88
Earnings Per Share
Basic EPS	11.00	10.00	6.00	20.00	12.00	8.00	9.00	8.00	8.00
Diluted EPS	11.00	10.00	6.00	20.00	12.00	8.00	9.00	8.00	8.00
Basic Shares Outstanding	0.72	0.73	0.71	0.66	0.65	0.64	0.64	0.64	0.65
Diluted Shares Outstanding	0.72	0.73	0.71	0.67	0.65	0.64	0.64	0.64	0.65

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About Bank of Montreal Financial Statements

What was Bank of Montreal's revenue in fiscal 2025?

Bank of Montreal reported revenue of CAD 36.10B in fiscal 2025 (fiscal year ended Oct 31, 2025). That was up 24.3% from CAD 29.03B a year earlier.

Is Bank of Montreal profitable?

Yes. Bank of Montreal earned net income of CAD 8.71B in fiscal 2025, a net margin of 24.1%. In fiscal 2024 it earned CAD 7.32B.

What is Bank of Montreal's operating margin?

Bank of Montreal's operating income was CAD 11.55B on revenue of CAD 36.10B in fiscal 2025, an operating margin of 32.0%, compared with 31.2% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition