The Toronto-Dominion Bank (TD) Financial Statements & Analysis

The Toronto-Dominion Bank (TD) Income Statement

The Toronto-Dominion Bank reported revenue of CAD 63.27B in fiscal 2025 (fiscal year ended Oct 31, 2025), down 46.9% from CAD 119.17B a year earlier. Net income was CAD 19.97B, up 125.9% year over year, a net margin of 31.6%. Gross margin was 89.7% and operating margin 37.4%. In the most recent quarter, Q3 fiscal 2026 (ended Jul 31, 2026), revenue was CAD 16.78B, up 8.4% from the same quarter a year earlier.

The Toronto-Dominion Bank Income Statement Analysis

Values in billions CAD

Income Statement Balance Sheet Cash Flow Ratios

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The Toronto-Dominion Bank 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	63.27	119.17	102.25	59.44	42.92	54.62	58.85	52.72	44.83
Cost of Revenue	59.06	67.17	53.66	14.75	5.23	18.58	21.15	16.66	11.20
Gross Profit	56.78	52.00	48.59	44.70	42.49	36.04	37.70	36.05	33.63
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	10.76	24.90	22.22	17.65	6.40	15.97	15.25	13.62	12.99
Operating Expenses	33.13	41.17	35.70	24.27	25.36	24.13	24.47	22.28	21.31
Operating Income	23.64	10.83	12.89	20.42	17.13	11.91	13.23	13.77	12.32
Other Income/Expense
Interest Income	87.62	93.39	80.67	41.03	29.58	35.83	41.94	36.42	29.83
Interest Expense	54.56	62.92	50.73	13.68	5.45	11.34	18.12	14.18	8.99
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	23.64	10.83	12.89	20.42	17.13	11.91	13.23	13.77	12.32
Income Tax Expense	3.41	1.99	2.25	3.00	3.62	0.02	2.74	3.18	2.25
Net Income	19.97	8.84	10.63	17.43	14.05	11.90	11.67	11.26	10.40
Net Income - Continuous Operations	20.54	8.84	10.63	17.43	14.30	11.90	11.67	11.26	10.40
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	2.17	12.86	14.80	22.19	2.07	14.06	14.63	15.16	13.63
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	0.78	2.03	1.91	1.77	2.07	2.14	1.41	1.39	1.31
Earnings Per Share
Basic EPS	12.00	5.00	6.00	9.00	8.00	6.00	6.00	6.00	6.00
Diluted EPS	12.00	5.00	6.00	9.00	8.00	6.00	6.00	6.00	6.00
Basic Shares Outstanding	1.73	1.75	1.82	1.81	1.82	1.81	1.82	1.84	1.85
Diluted Shares Outstanding	1.73	1.75	1.82	1.81	1.82	1.81	1.83	1.84	1.85

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

Frequently Asked Questions About The Toronto-Dominion Bank Financial Statements

What was The Toronto-Dominion Bank's revenue in fiscal 2025?

The Toronto-Dominion Bank reported revenue of CAD 63.27B in fiscal 2025 (fiscal year ended Oct 31, 2025). That was down 46.9% from CAD 119.17B a year earlier.

Is The Toronto-Dominion Bank profitable?

Yes. The Toronto-Dominion Bank earned net income of CAD 19.97B in fiscal 2025, a net margin of 31.6%. In fiscal 2024 it earned CAD 8.84B.

What is The Toronto-Dominion Bank's operating margin?

The Toronto-Dominion Bank's operating income was CAD 23.64B on revenue of CAD 63.27B in fiscal 2025, an operating margin of 37.4%, compared with 9.1% 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