The Toronto-Dominion Bank (TD) — Financial statements
Income statement, balance sheet, and cash flow for The Toronto-Dominion Bank — annual and quarterly history with growth and margin analysis.
| Metric (CAD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 115,840↓2.8% | 119,173↑16.5% | 102,254↑72.0% | 59,441↑24.6% | 47,716 | |
| Cost of Revenue | 59,064↓12.1% | 67,170↑25.2% | 53,663↑263.9% | 14,746↑182.2% | 5,226 | |
| Gross Profit | 56,776↑9.2% | 52,003↑7.0% | 48,591↑8.7% | 44,695↑5.2% | 42,490 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 24,316↑4.0% | 23,380↑12.6% | 20,767↑27.5% | 16,294↑8.0% | 15,085 | |
| Selling & Marketing Expenses | 1,643↑8.4% | 1,516↑4.4% | 1,452↑7.2% | 1,355↑12.6% | 1,203 | |
| SG&A Expenses | 25,959↑4.3% | 24,896↑12.0% | 22,219↑25.9% | 17,649↑8.4% | 16,288 | |
| Other Expenses | 6,869↓55.9% | 15,574↑23.4% | 12,620↑124.1% | 5,631↓37.9% | 9,068 | |
| Operating Expenses | 32,828↓18.9% | 40,470↑16.2% | 34,839↑49.7% | 23,280↓8.2% | 25,356 | |
| Total Costs & Expenses | 91,892↓14.6% | 107,640↑21.6% | 88,502↑132.7% | 38,026↑24.3% | 30,582 | |
| Operating Results | ||||||
| Operating Income | 23,948↑107.6% | 11,533↓16.1% | 13,752↓35.8% | 21,415↑25.0% | 17,134 | |
| Depreciation & Amortization | 2,166↑6.9% | 2,027↑6.1% | 1,911↑8.2% | 1,766↓14.5% | 2,066 | |
| EBITDA | 26,114↑92.6% | 13,560↓13.4% | 15,663↓32.4% | 23,181↑20.7% | 19,200 | |
| EBIT | 23,948↑107.6% | 11,533↓16.1% | 13,752↓35.8% | 21,415↑25.0% | 17,134 | |
| Interest & Other Income | ||||||
| Net Interest Income | 33,062↑8.5% | 30,472↑1.8% | 29,944↑9.5% | 27,353↑13.4% | 24,131 | |
| Interest Income | 87,621↓6.2% | 93,389↑15.8% | 80,674↑96.6% | 41,032↑38.7% | 29,581 | |
| Interest Expense | 54,559↓13.3% | 62,917↑24.0% | 50,730↑270.9% | 13,679↑151.0% | 5,450 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 23,948↑107.6% | 11,533↓16.1% | 13,752↓35.8% | 21,415↑25.0% | 17,134 | |
| Income Tax Expense | 3,410↑26.7% | 2,691↓13.7% | 3,118↓21.8% | 3,986↑10.1% | 3,621 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 20,538↑132.3% | 8,842↓16.9% | 10,634↓39.0% | 17,429↑29.0% | 13,513 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 20,538↑132.3% | 8,842↓16.9% | 10,634↓39.0% | 17,429↑21.9% | 14,298 | |
| Bottom-Line Net Income | 19,973↑140.2% | 8,316↓17.4% | 10,071↓41.3% | 17,170↑22.2% | 14,049 | |
| EPS (Basic) | 11.57↑144.6% | 4.73↓14.5% | 5.53↓41.7% | 9.48↑22.6% | 7.73 | |
| EPS (Diluted) | 11.56↑144.9% | 4.72↓14.5% | 5.52↓41.7% | 9.47↑22.7% | 7.72 | |
| Weighted Average Shares | 1,717↓2.4% | 1,759↓3.5% | 1,823↑0.7% | 1,811↓0.4% | 1,818 | |
| Weighted Average Diluted Shares | 1,719↓2.3% | 1,760↓3.5% | 1,824↑0.6% | 1,814↓0.4% | 1,820 | |
* All figures in Millions of CAD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.