The Bank of Nova Scotia (BNS) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2021)
BNS's revenue distribution by segment and geography for fiscal year 2021
By Product/Segment
By Geography
BNS Revenue Analysis (2014–2025)
As of February 28, 2026, The Bank of Nova Scotia (BNS) generated trailing twelve-month (TTM) revenue of $73.18 billion, reflecting slight decline in growth of -3.6% year-over-year. The most recent quarter (Q4 2025) recorded $18.21 billion in revenue, up 1.4% sequentially.
Looking at the longer-term picture, BNS's 5-year compound annual growth rate (CAGR) stands at +18.5%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $73.18 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows BNS's business is primarily driven by Trading Related Revenue NonTEB (100%). With over half of revenue concentrated in Trading Related Revenue NonTEB, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including JPM, BAC, and WFC. Compare BNS vs JPM →
Peer Comparison
Compare BNS's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BNSCurrent | $73.2B | -3.6% | +18.5% | 14.4% | |
| JPM | $270.8B | - | - | 27.7% | |
| BAC | $188.8B | - | - | 18.5% | |
| WFC | $125.4B | - | - | 18.6% | |
| RY | $137.4B | - | - | 18.7% | |
| C | $170.7B | - | - | 10.0% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $73.18B | - | $32.38B | 44.3% | $10.51B | 14.4% |
| 2024 | $29.48B | - | $29.56B | 100.3% | $13.18B | 44.7% |
| 2023 | $31.79B | - | $31.79B | 100.0% | $8.69B | 27.3% |
| 2022 | $31.15B | - | $31.15B | 100.0% | $28.12B | 90.3% |
| 2021 | $30.91B | - | $30.91B | 100.0% | $12.49B | 40.4% |
| 2020 | $31.29B | - | $31.29B | 100.0% | $8.32B | 26.6% |
| 2019 | $30.24B | - | $30.24B | 100.0% | $10.86B | 35.9% |
| 2018 | $28.22B | - | $28.22B | 100.0% | $22.81B | 80.8% |
| 2017 | $26.75B | - | $26.75B | 100.0% | $18.93B | 70.8% |
| 2016 | $25.94B | - | $25.94B | 100.0% | $17.06B | 65.8% |
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Start ComparisonFrequently Asked Questions
Is BNS's revenue growth accelerating or slowing?
BNS revenue growth slowed to -3.6%, below the 5-year CAGR of +18.5%. TTM revenue is $73.2B. The deceleration marks a shift from historical growth rates.
What is BNS's long-term revenue growth rate?
The Bank of Nova Scotia's 5-year revenue CAGR of +18.5% reflects the variable expansion pattern. Current YoY growth of -3.6% is near this long-term average.
How is BNS's revenue distributed by segment?
BNS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.