The Bank of Nova Scotia (BNS) Financial Statements & Analysis

The Bank of Nova Scotia (BNS) Income Statement

The Bank of Nova Scotia reported revenue of CAD 31.64B in fiscal 2025 (fiscal year ended Oct 31, 2025), down 5.9% from CAD 33.62B a year earlier. Net income was CAD 7.28B, down 6.1% year over year, a net margin of 23.0%. Gross margin was 102.3% and operating margin 33.2%. In the most recent quarter, Q3 fiscal 2026 (ended Jul 31, 2026), revenue was CAD 9.46B, up 1.4% from the same quarter a year earlier.

The Bank of Nova Scotia Income Statement Analysis

Values in billions CAD

Income Statement Balance Sheet Cash Flow Ratios

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The Bank of Nova Scotia 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	31.64	33.62	31.69	29.80	29.44	31.29	30.24	28.22	26.75
Cost of Revenue	40.79	46.46	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	32.38	29.56	31.79	31.15	30.91	31.29	30.24	28.22	26.75
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	5.23	10.47	10.17	4.09	3.91	9.07	9.07	8.04	7.96
Operating Expenses	20.20	19.64	31.79	-3.03	-18.42	-22.97	-19.37	-5.41	-7.82
Operating Income	10.51	8.80	8.69	28.12	12.50	8.32	10.86	22.81	18.93
Other Income/Expense
Interest Income	57.60	61.66	56.82	33.56	24.99	29.71	32.78	28.07	23.93
Interest Expense	36.08	42.41	38.56	15.44	8.03	12.39	15.61	11.88	8.89
Other Income/Expense	-0.61	1.13	1.06	-2.41	-2.64	-2.76	-2.46	-2.37	-2.36
Income
Income Before Tax	10.51	9.92	9.67	12.93	12.83	8.40	11.27	11.11	10.28
Income Tax Expense	2.75	2.03	2.22	2.76	2.87	1.54	2.47	2.38	2.03
Net Income	7.28	7.76	7.34	9.66	9.39	6.78	8.39	8.55	8.01
Net Income - Continuous Operations	7.76	7.89	7.45	10.17	9.62	6.78	8.39	8.55	8.01
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	1.60	10.56	11.49	1.53	1.51	9.70	11.67	11.40	10.63
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	1.60	1.76	1.82	1.53	1.51	1.55	1.05	0.85	0.76
Earnings Per Share
Basic EPS	6.00	6.00	6.00	8.00	8.00	5.00	7.00	7.00	7.00
Diluted EPS	6.00	6.00	6.00	8.00	8.00	5.00	7.00	7.00	6.00
Basic Shares Outstanding	1.24	1.23	1.20	1.20	1.21	1.21	1.22	1.21	1.20
Diluted Shares Outstanding	1.25	1.23	1.20	1.21	1.23	1.24	1.25	1.23	1.22

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

Frequently Asked Questions About The Bank of Nova Scotia Financial Statements

What was The Bank of Nova Scotia's revenue in fiscal 2025?

The Bank of Nova Scotia reported revenue of CAD 31.64B in fiscal 2025 (fiscal year ended Oct 31, 2025). That was down 5.9% from CAD 33.62B a year earlier.

Is The Bank of Nova Scotia profitable?

Yes. The Bank of Nova Scotia earned net income of CAD 7.28B in fiscal 2025, a net margin of 23.0%. In fiscal 2024 it earned CAD 7.76B.

What is The Bank of Nova Scotia's operating margin?

The Bank of Nova Scotia's operating income was CAD 10.51B on revenue of CAD 31.64B in fiscal 2025, an operating margin of 33.2%, compared with 26.2% 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