The Toronto-Dominion Bank
Financial Performance
TD Bank Revenue & Financials
Revenue
~$45.6B (FY2025)
Market Cap
$201B
Net Income
~$14.4B
Employees
100,000
What is TD Bank's revenue?
TD Bank had ~$45.6B in revenue for fiscal year 2025, up 18.8% from 2024. Net income was ~$14.4B.
- Latest revenue
- ~$45.6B (FY2025)
- Year-over-year
- +18.8%
- Growth rate (CAGR)
- 10.2% over 4 years
- Peak revenue
- ~$45.6B (FY2025)
- Years of data
- 5
- Employees
- 100,000
- How much profit does TD Bank make?
- TD Bank reported net income of ~$14.4B for fiscal year 2025. stockanalysis.com
- How many employees does TD Bank have?
- TD Bank has about 100,000 employees.
Financial Analysis
TD reported fiscal 2025 revenue of ~$48.8 billion (C$67.78 billion) and net income of ~$14.8 billion (C$20.54 billion); the reported figure includes the gain on selling its Charles Schwab stake in February 2025. On an adjusted basis, revenue was ~$44.5 billion (C$61.81 billion) (up 9%) and earnings were ~$10.8 billion (C$15.03 billion) (up 5%). Momentum carried into fiscal 2026: in the third quarter ended July 31, 2026, reported net income was ~$3.33 billion (C$4.62 billion) versus ~$2.4 billion (C$3.34 billion) a year earlier, adjusted net income rose 21% to ~$3.36 billion (C$4.67 billion), adjusted EPS was C$2.77, and total revenue was about $12.2 billion (C$16.9 billion). CET1 capital stood at 14.26% at July 31, 2026, which supported a completed ~$5.04 billion (C$7 billion) buyback in September 2026 and a newly announced program of up to $7.2 billion (C$10 billion).
Revenue Trend Analysis
YoY Change
+18.8%
4-Year CAGR
+10.2%
Peak Year
2025
Trend
Consistent Growth
The Toronto-Dominion Bank has 5 full fiscal year figures on this page, compounding at +10.2% annually over 4 years. The most recent year saw a 18.8% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at ~$45.6B. Of 4 comparable year-over-year steps, 4 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | ~$45.6B | ~$14.4B | +18.8% | The Toronto-Dominion Bank (TSX:TD) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2025-10-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2024 | ~$38.3B | ~$6B | +7.8% | The Toronto-Dominion Bank (TSX:TD) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2024-10-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2023 | ~$35.6B | ~$7.3B | +3.5% | The Toronto-Dominion Bank (TSX:TD) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2023-10-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2022 | ~$34.4B | ~$12.4B | +11.2% | The Toronto-Dominion Bank (TSX:TD) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2022-10-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2021 | ~$30.9B | ~$10.1B | — | The Toronto-Dominion Bank (TSX:TD) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2021-10-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
Click any row to see year details.
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TD Bank Revenue and Financial FAQ
What was TD Bank's total reported revenue and net income in fiscal 2025?
In fiscal 2025 (ended October 31, 2025), TD Bank reported total revenue of approximately US$48.8 billion (C$67.78 billion) and reported net income of US$14.8 billion (C$20.54 billion), significantly boosted by the accounting gain on its Charles Schwab equity stake sale.
What were TD Bank's adjusted financial results in fiscal 2025 excluding one-off gains?
On an adjusted basis, TD Bank recorded fiscal 2025 revenue of approximately US$44.5 billion (C$61.81 billion), representing a 9% year-over-year increase, and adjusted net income of US$10.8 billion (C$15.03 billion), up 5% over fiscal 2024.
What was TD Bank's financial performance in Q3 fiscal 2026?
For Q3 fiscal 2026 (ended July 31, 2026), TD posted record adjusted net income of C$4.67 billion (US$3.36 billion), up 21% year-over-year, with adjusted diluted EPS of C$2.77 and total quarterly revenue of C$16.9 billion (US$12.2 billion).
How did the US$3.09 billion U.S. AML settlement affect TD's financial statements?
TD recognized cumulative pre-tax charges of over US$3 billion across fiscal 2024 to provision for penalties paid to the U.S. Department of Justice, FinCEN, OCC, and Federal Reserve, reducing reported net income but leaving capital ratios robust due to organic internal capital generation.
What is TD Bank's Common Equity Tier 1 (CET1) capital ratio?
TD maintained a strong Common Equity Tier 1 (CET1) capital ratio of 14.26% as of July 31, 2026, well above the regulatory minimum mandated by Canada's Office of the Superintendent of Financial Institutions (OSFI).
How large is TD Bank's total asset base and loan portfolio?
TD Bank Group manages total assets approaching C$2.0 trillion (US$1.4+ trillion), with residential mortgages and commercial loans accounting for over C$900 billion of total outstanding loans across Canada and the U.S.
How much capital has TD returned to shareholders via dividends and share buybacks?
Supported by excess capital post-Schwab divestiture, TD completed a C$7.0 billion (US$5.04 billion) share repurchase program in September 2026 and announced an additional share buyback program of up to C$10.0 billion (US$7.2 billion), while paying consistent quarterly dividends.
What is TD Bank's provision for credit losses (PCL) trend?
Provisions for credit losses normalized in 2025 and 2026 as high commercial real estate and retail credit card loss allowances stabilized following interest rate cuts by the Bank of Canada and the U.S. Federal Reserve.
What portion of TD's earnings comes from Canadian versus U.S. operations?
Canadian Personal and Commercial Banking delivers approximately 55% to 60% of adjusted net income, Wholesale Banking contributes ~15%, Wealth & Insurance accounts for ~15%, and U.S. Retail Banking contributes the remaining 10% to 15% under asset cap constraints.
What is TD Bank's dividend payout ratio policy?
TD targets a long-term dividend payout ratio of 40% to 50% of adjusted earnings, maintaining a track record of dividend payments dating back uninterrupted to 1857.
What was the financial impact of divesting the Charles Schwab equity stake?
Divesting its ~13.5% non-controlling stake in Charles Schwab in early 2025 released billions in Tier 1 capital, simplified TD's regulatory capital profile, and funded unprecedented multi-billion dollar share buybacks.
What is TD Bank's efficiency ratio and expense trajectory?
TD's adjusted efficiency ratio fluctuates around 50% to 54%. Expenses increased in 2024–2025 due to US$500M+ in recurring investments in AML systems, compliance staff, and automated transaction monitoring platforms.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "TD Bank Revenue & Financials." CorpDigest, https://corpdigest.com/company/td-bank/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>TD Bank reported ~$45.6B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/td-bank/financials" target="_blank" rel="noopener">CorpDigest — TD Bank financials</a></div>Related Financial Audits
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