National Bank of Canada
Financial Performance
National Bank of Canada Revenue & Financials
Revenue
~$8.1B (FY2024)
Market Cap
$45.3B
Net Income
~$2.5B
Employees
31,200
What is National Bank of Canada's revenue?
National Bank of Canada had ~$8.1B in revenue for fiscal year 2024, up 6.6% from 2023. Net income was ~$2.5B.
- Latest revenue
- ~$8.1B (FY2024)
- Year-over-year
- +6.6%
- Growth rate (CAGR)
- 8.2% over 9 years
- Peak revenue
- ~$8.1B (FY2024)
- Years of data
- 10
- Employees
- 31,200
- How much profit does National Bank of Canada make?
- National Bank of Canada reported net income of ~$2.5B for fiscal year 2024.
- How many employees does National Bank of Canada have?
- National Bank of Canada has about 31,200 employees.
Financial Analysis
National Bank of Canada demonstrated resilient financial performance in fiscal year 2024, reporting total enterprise revenue of C$11.200 billion—an increase of 6.64% over FY2023 (C$10.503B) and up 102.6% over the past decade from C$5.528B in FY2015. Audited net income reached C$3.500 billion, translating into an exceptional net profit margin of 31.25% (calculated exactly as C$3.500B net income divided by C$11.200B revenue). Shareholders' equity expanded to C$25.0 billion, supporting a strong Common Equity Tier 1 (CET1) ratio of 13.2%, comfortably above OSFI regulatory minimums. Over the 2015–2024 decade, National Bank compounded book value per share and delivered compound annual revenue growth of 8.15%, while maintaining an efficiency ratio consistently below 55%, outperforming peer Canadian chartered institutions.
Revenue Trend Analysis
YoY Change
+6.6%
9-Year CAGR
+8.2%
Peak Year
2024
Trend
Consistent Growth
National Bank of Canada has 10 full fiscal year figures on this page, compounding at +8.2% annually over 9 years. The most recent year saw a 6.6% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at ~$8.1B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | ~$8.1B | ~$2.5B | +6.6% |
| FY2023 | ~$7.6B | ~$2.4B | +7.7% |
| FY2022 | ~$7B | ~$2.4B | +9.3% |
| FY2021 | ~$6.4B | ~$2.3B | +12.6% |
| FY2020 | ~$5.7B | ~$1.5B | +3.2% |
| FY2019 | ~$5.5B | ~$1.7B | +7.2% |
| FY2018 | ~$5.2B | ~$1.5B | +7.2% |
| FY2017 | ~$4.8B | ~$1.5B | +14.3% |
| FY2016 | ~$4.2B | ~$904.3M | +5.6% |
| FY2015 | ~$4B | ~$1.2B | — |
Click any row to see year details.
Keep researching National Bank of Canada
National Bank of Canada Revenue and Financial FAQ
What was National Bank of Canada's revenue and net income in FY2024?
National Bank reported consolidated net revenue of CAD $11.2 billion and net income of CAD $3.5 billion in fiscal year 2024.
What is National Bank of Canada's Return on Equity (ROE)?
National Bank consistently delivers an ROE exceeding 16%, among the highest of any North American chartered bank.
What is National Bank's dividend yield and track record?
National Bank has paid consecutive dividends for over a century, offering a regular dividend yield between 4.0% and 4.8% with an approximate 40-50% earnings payout target.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "National Bank of Canada Revenue & Financials." CorpDigest, https://corpdigest.com/company/national-bank-of-canada/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>National Bank of Canada reported ~$8.1B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/national-bank-of-canada/financials" target="_blank" rel="noopener">CorpDigest — National Bank of Canada financials</a></div>Related Financial Audits
Compare revenue, net income, and market cap scale
Explore National Bank of Canada
Core profile pages, founders and related research hubs for this company.