BMO Financial Group
Financial Performance
BMO Financial Group Revenue & Financials
Revenue
~$23.4B (FY2024)
Market Cap
$94.5B
Employees
50,000
What is BMO Financial Group's revenue?
BMO Financial Group had ~$23.4B in revenue for fiscal year 2024, up 4.5% from 2023.
- Latest revenue
- ~$23.4B (FY2024)
- Year-over-year
- +4.5%
- Growth rate (CAGR)
- 6.1% over 3 years
- Peak revenue
- ~$23.4B (FY2024)
- Years of data
- 4
- Employees
- 50,000
- How many employees does BMO Financial Group have?
- BMO Financial Group has about 50,000 employees.
Financial Analysis
BMO Financial Group delivers strong financial results characterized by expanding cross-border net interest income, realized operating synergies from the Bank of the West integration, and robust capital adequacy. In fiscal 2024, BMO generated total revenue of C$32.5 billion and adjusted net income of C$8.2 billion, supported by balanced contributions from Canadian P&C, US P&C, Wealth Management, and Capital Markets. The bank achieved significant cost synergies from integrating Bank of the West, decommissioning duplicate IT systems and consolidating real estate. BMO reported a Common Equity Tier 1 (CET1) capital ratio of 13.1%, standing comfortably above OSFI regulatory minimums. Demonstrating its historic dividend commitment, BMO paid C$6.36 per share in annual dividends, continuing an unbroken 195-year payout record.
Revenue Trend Analysis
YoY Change
+4.5%
3-Year CAGR
+6.1%
Peak Year
2024
Trend
Consistent Growth
BMO Financial Group has 4 full fiscal year figures on this page, compounding at +6.1% annually over 3 years. The most recent year saw a 4.5% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at ~$23.4B. Of 3 comparable year-over-year steps, 3 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024 | ~$23.4B | +4.5% |
| FY2023 | ~$22.4B | +11.2% |
| FY2022 | ~$20.1B | +2.8% |
| FY2021 | ~$19.6B | — |
Click any row to see year details.
Keep researching BMO Financial Group
BMO Financial Group Revenue and Financial FAQ
What was BMO Financial Group's revenue in 2024?
BMO Financial Group achieved $32.50 billion in revenue for fiscal year 2024.
Is BMO Financial Group profitable?
BMO Financial Group's financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is BMO Financial Group growing?
BMO Financial Group has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does BMO Financial Group fund its capital expenditures?
BMO Financial Group funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is BMO Financial Group's debt profile?
BMO Financial Group maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does BMO Financial Group reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "BMO Financial Group Revenue & Financials." CorpDigest, https://corpdigest.com/company/bmo-capital-markets/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>BMO Financial Group reported ~$23.4B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/bmo-capital-markets/financials" target="_blank" rel="noopener">CorpDigest — BMO Financial Group financials</a></div>Explore BMO Financial Group
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