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TD logoThe Toronto-Dominion Bank(TD)Earnings, Financials & Key Ratios

TD•NYSE•Banking & Credit
13.5× P/E·Price updated Jun 3, 2026
SectorFinancial ServicesIndustryDiversified BanksSub-IndustryNorth American universal banks
AboutThe Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases. It also provides credit cards and payments; real estate secured lending, auto finance, and consumer lending services; point-of-sale payment solutions for large and small businesses; wealth and asset management products, and advice to retail and institutional clients through direct investing, advice-based, and asset management businesses; and property and casualty insurance, as well as life and health insurance products. The company also provides capital markets, and corporate and investment banking products and services, including underwriting and distribution of new debt and equity issues; advice on strategic acquisitions and divestitures; and trading, funding, and investment services to corporations, governments, and institutions. It offers its products and services under the TD Bank and America's Most Convenient Bank brand names. The company operates through a network of 1,061 branches and 3,381 automated teller machines (ATMs) in Canada, and 1,148 stores and 2,701 ATMs in the United States, as well as offers telephone, digital, and mobile banking services. It has a strategic alliance with Canada Post Corporation. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada.Show more
  • Net Interest Income$33.06B+8.5%
  • Total Revenue$115.84B-2.8%
  • Net Income$20.54B+132.3%
  • Return on Equity16.9%+117.2%
  • Net Interest Margin1.58%+6.8%
  • Efficiency Ratio28.34%-16.5%
  • ROA0.99%+124.5%
  • Equity / Assets6.1%+9.3%
  • Book Value per Share74.37+13.7%
  • Tangible BV/Share61.34+15.8%
  • Debt/Equity5.19-9.8%

TD Key Insights

The Toronto-Dominion Bank (TD) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Efficient operations: 28.3% efficiency ratio
  • ✓Momentum leader: RS Rating 81 (top 19%)
  • ✓Healthy dividend yield of 2.9%
  • ✓Share count reduced 2.3% through buybacks
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗High debt to equity ratio of 5.2x
  • ✗Weak NIM of 1.6%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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TD Price & Volume

The Toronto-Dominion Bank (TD) stock price & volume — 10-year historical chart

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TD Growth Metrics

The Toronto-Dominion Bank (TD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years12.03%
5 Years16.23%
3 Years24.91%
TTM-

Profit CAGR

10 Years10.01%
5 Years11.54%
3 Years5.62%
TTM-14.16%

EPS CAGR

10 Years10.63%
5 Years12.45%
3 Years6.87%
TTM-12.14%

Return on Capital

10 Years4.35%
5 Years4.5%
3 Years3.84%
Last Year5.43%

TD Recent Earnings

The Toronto-Dominion Bank (TD) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 12/12 qtrs (100%)
Q2 2026Latest
May 28, 2026
EPS
$1.74
Est $1.63
+6.7%
Revenue
$11.8B
Est $11.0B
+6.8%
Q1 2026
Feb 26, 2026
EPS
$1.76
Est $1.63
+8.0%
Revenue
$11.0B
Est $10.7B
+3.4%
Q4 2025
Dec 4, 2025
EPS
$1.57
Est $1.46
+7.5%
Revenue
$15.9B
Est $10.4B
+53.2%
Q3 2025
Aug 28, 2025
EPS
$1.91
Est $1.46
+30.8%
Revenue
$15.5B
Est $10.0B
+54.3%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 28, 2026
$1.74vs $1.63+6.7%
$11.8Bvs $11.0B+6.8%
Q1 2026Feb 26, 2026
$1.76vs $1.63+8.0%
$11.0Bvs $10.7B+3.4%
Q4 2025Dec 4, 2025
$1.57vs $1.46+7.5%
$15.9Bvs $10.4B+53.2%
Q3 2025Aug 28, 2025
$1.91vs $1.46+30.8%
$15.5Bvs $10.0B+54.3%
Based on last 12 quarters of dataView full earnings history →

TD Peer Comparison

The Toronto-Dominion Bank (TD) competitors in North American universal banks — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
BMO logoBMOBank of MontrealDirect Competitor114.64B162.3319.66-0.52%11.24%4.71
BNS logoBNSThe Bank of Nova ScotiaDirect Competitor98.92B80.2619.54148.2%10.86%5.69
RY logoRYRoyal Bank of CanadaDirect Competitor266.86B191.0818.792.13%15.94%6.00
CM logoCMCanadian Imperial Bank of CommerceDirect Competitor99.53B107.4117.36-3.14%15.17%5.52
USB logoUSBU.S. BancorpDirect Competitor82.63B53.1411.530.35%11.54%1.19
PNC logoPNCThe PNC Financial Services Group, Inc.Direct Competitor88.25B218.2715.895.62%11.05%1.13
JPM logoJPMJPMorgan Chase & Co.Product Competitor811.15B300.8515.2314.61%16.11%2.18
BAC logoBACBank of America CorporationProduct Competitor398.81B52.4013.72-1.91%10.1%1.21

Compare TD vs Peers

The Toronto-Dominion Bank (TD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BMO

Most directly comparable listed peer for TD.

Scale Benchmark

vs JPM

Larger-name benchmark to compare TD against a more recognizable public peer.

Peer Set

Compare Top 5

vs BMO, BNS, RY, CM

TD Income Statement

The Toronto-Dominion Bank (TD) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricOct'17Oct'18Oct'19Oct'20Oct'21Oct'22Oct'23Oct'24Oct'25TTM
Net Interest Income
20.85B22.24B23.82B24.5B24.13B27.35B29.94B30.47B33.06B34.73B
NII Growth %
4.64%6.68%7.11%2.84%-1.49%13.35%9.47%1.76%8.5%41.05%
Net Interest Margin %
1.63%1.67%1.68%1.43%1.4%1.43%1.53%1.48%1.58%1.67%
Interest Income
29.83B36.42B41.94B35.83B29.58B41.03B80.67B93.39B87.62B83.87B
Interest Expense
8.98B14.18B18.12B11.34B5.45B13.68B50.73B62.92B54.56B49.14B
Loan Loss Provision
2.22B2.48B3.03B7.24B-224M1.07B2.93B4.25B4.5B3.99B
Non-Interest Income
14.99B16.29B16.91B18.79B18.14B18.41B21.58B25.78B28.22B28.76B
Non-Interest Income %
33.45%30.91%28.73%34.4%38.01%30.97%21.1%21.64%24.36%25.53%
Total Revenue
44.83B▲ 0%
52.72B▲ 17.6%
58.85B▲ 11.6%
54.62B▼ 7.2%
47.72B▼ 12.6%
59.44B▲ 24.6%
102.25B▲ 72.0%
119.17B▲ 16.5%
115.84B▼ 2.8%
112.63B▲ 0%
Revenue Growth %
10.31%17.6%11.64%-7.19%-12.64%24.57%72.03%16.55%-2.8%-22.3%
Non-Interest Expense
21.3B22.28B24.47B24.13B25.36B23.28B34.84B40.47B32.83B40.95B
Efficiency Ratio
47.53%42.26%41.58%44.17%53.14%39.16%34.07%33.96%28.34%36.36%
Operating Income
12.32B▲ 0%
13.77B▲ 11.8%
13.23B▼ 3.9%
11.91B▼ 9.9%
17.13B▲ 43.8%
21.41B▲ 25.0%
13.75B▼ 35.8%
11.53B▼ 16.1%
23.95B▲ 107.6%
18.55B▲ 0%
Operating Margin %
27.49%26.13%22.48%21.81%35.91%36.03%13.45%9.68%20.67%16.47%
Operating Income Growth %
15.73%11.78%-3.95%-9.94%43.81%24.99%-35.78%-16.14%107.65%-
Pretax Income
12.32B▲ 0%
13.77B▲ 11.8%
13.23B▼ 3.9%
11.91B▼ 9.9%
17.13B▲ 43.8%
21.41B▲ 25.0%
13.75B▼ 35.8%
11.53B▼ 16.1%
23.95B▲ 107.6%
18.55B▲ 0%
Pretax Margin %
27.49%26.13%22.48%21.81%35.91%36.03%13.45%9.68%20.67%16.47%
Income Tax
2.25B3.18B2.73B1.15B3.62B3.99B3.12B2.69B3.41B3.63B
Effective Tax Rate %
18.29%23.1%20.67%9.67%21.13%18.61%22.67%23.33%14.24%19.58%
Net Income
10.4B▲ 0%
11.26B▲ 8.3%
11.67B▲ 3.6%
11.89B▲ 1.9%
14.3B▲ 20.2%
17.43B▲ 21.9%
10.63B▼ 39.0%
8.84B▼ 16.9%
20.54B▲ 132.3%
14.91B▲ 0%
Net Margin %
23.19%21.36%19.83%21.78%29.96%29.32%10.4%7.42%17.73%13.24%
Net Income Growth %
17.86%8.33%3.6%1.95%20.2%21.9%-38.99%-16.85%132.28%-14.16%
Net Income (Continuing)
10.07B10.59B10.49B10.76B13.51B17.43B10.63B8.84B20.54B14.91B
EPS (Diluted)
5.50▲ 0%
6.01▲ 9.3%
6.25▲ 4.0%
6.43▲ 2.9%
7.72▲ 20.1%
9.47▲ 22.7%
5.52▼ 41.7%
4.72▼ 14.5%
11.56▲ 144.9%
12.17▲ 0%
EPS Growth %
17.77%9.27%3.99%2.88%20.06%22.67%-41.71%-14.49%144.92%-12.14%
EPS (Basic)
5.516.026.266.437.739.485.534.7311.57-
Diluted Shares Outstanding
1.85B1.84B1.83B1.81B1.82B1.81B1.82B1.76B1.72B1.23B

TD Balance Sheet

The Toronto-Dominion Bank (TD) balance sheet — assets, liabilities & shareholders' equity

MetricOct'17Oct'18Oct'19Oct'20Oct'21Oct'22Oct'23Oct'24Oct'25TTM
Cash & Short Term Investments
201.57B53.97B52.57B195.5B194.67B156.98B116.51B230.49B156.06B414.72B
Cash & Due from Banks
55.16B35.45B30.45B170.59B165.89B145.85B105.07B178.02B116.93B7.1B
Short Term Investments
146.41B18.51B22.12B24.91B28.78B11.13B11.44B52.47B39.13B0
Total Investments
898.38B957.24B994.96B1.17T1.18T1.4T1.41T1.46T1.47T1.99T
Investments Growth %
0.98%6.55%3.94%17.54%1.22%18.69%0.19%3.77%0.78%52.54%
Long-Term Investments
755.75B942.27B977.29B1.14T1.15T1.4T1.4T1.41T1.43T6.05T
Accounts Receivables
9.88B11.28B11.55B13.13B11.34B14.53B19.4B18.44B15.04B0
Goodwill & Intangibles
18.77B19B19.48B19.27B18.36B19.96B21.37B21.89B22.39B22.08B
Goodwill
16.16B16.54B16.98B17.15B16.23B17.66B18.6B18.85B18.98B18.45B
Intangible Assets
2.62B2.46B2.5B2.13B2.12B2.3B2.77B3.04B3.41B3.62B
PP&E (Net)
5.31B5.32B5.51B10.14B9.18B9.4B9.43B9.84B10.13B9.98B
Other Assets
257.19B274.29B327.2B293.43B308.77B293.54B358.69B339.95B419.62B46.14B
Total Current Assets
243.25B94.75B88.46B246.03B241.53B198.63B172.6B276.9B204.11B12.43B
Total Non-Current Assets
1.04T1.24T1.33T1.47T1.49T1.72T1.78T1.78T1.89T2.07T
Total Assets
1.28T▲ 0%
1.33T▲ 4.4%
1.42T▲ 6.0%
1.72T▲ 21.2%
1.73T▲ 0.7%
1.92T▲ 10.9%
1.96T▲ 2.0%
2.06T▲ 5.5%
2.09T▲ 1.6%
2.08T▲ 0%
Asset Growth %
8.67%4.37%6.02%21.24%0.75%10.92%1.96%5.45%1.59%6.46%
Return on Assets (ROA)
0.85%0.86%0.85%0.76%0.83%0.96%0.55%0.44%0.99%0.72%
Accounts Payable
38.33B34.63B30.3B42.86B37.21B32.1B43.61B39.86B41.04B0
Total Debt
322.56B358.24B406.69B447.37B400.86B502.06B568.66B662.56B663.58B275.49B
Net Debt
267.41B322.78B376.24B276.78B234.97B356.21B463.59B484.54B546.65B268.39B
Long-Term Debt
143.23B157.88B169.9B162.11B122.2B152.74B178.86B204.33B225.33B41.11B
Short-Term Debt
179.34B200.36B236.72B279.17B273.19B344B384.75B453.22B432.89B229.09B
Other Liabilities
86.74B81.65B81.41B89.22B93.3B135.33B119.65B103.45B94.3B1.68T
Total Current Liabilities
973.66B1.02T1.08T1.36T1.41T1.51T1.54T1.63T1.64T229.09B
Total Non-Current Liabilities
230.15B239.7B251.56B257.71B221.22B293.62B303.76B313.1B325.29B1.73T
Total Liabilities
1.2T1.25T1.33T1.62T1.63T1.81T1.84T1.95T1.97T1.96T
Total Equity
75.19B▲ 0%
80.04B▲ 6.5%
87.7B▲ 9.6%
95.5B▲ 8.9%
99.82B▲ 4.5%
111.38B▲ 11.6%
112.07B▲ 0.6%
115.16B▲ 2.8%
127.83B▲ 11.0%
124.28B▲ 0%
Equity Growth %
1.32%6.45%9.57%8.89%4.52%11.59%0.62%2.76%11%27.65%
Equity / Assets (Capital Ratio)
5.88%6%6.2%5.57%5.77%5.81%5.73%5.59%6.1%5.96%
Return on Equity (ROE)
13.92%14.51%13.91%12.99%14.64%16.5%9.52%7.78%16.9%11.85%
Book Value per Share
40.5443.5147.9952.8054.8461.4261.4365.4374.37101.43
Tangible BV per Share
30.4233.1937.3342.1444.7550.4149.7152.9961.3483.41
Common Stock
20.93B21.22B21.71B22.49B23.07B24.36B25.43B25.37B24.73B24.3B
Additional Paid-in Capital
214M193M157M121M173M179M155M204M285M360.88M
Retained Earnings
40.49B46.15B49.5B53.84B63.94B73.7B73.01B70.83B78.32B78.27B
Accumulated OCI
8.01B6.64B10.58B13.44B7.1B1.99B2.75B7.9B12.87B9.8B
Treasury Stock
-183M-151M-47M-41M-162M-98M-129M-35M-4M-73.98M
Preferred Stock
4.75B5B5.8B5.65B5.7B11.25B10.85B10.89B11.63B11.62B

TD Cash Flow Statement

The Toronto-Dominion Bank (TD) cash flow — operating, investing & free cash flow history

MetricOct'17Oct'18Oct'19Oct'20Oct'21Oct'22Oct'23Oct'24Oct'25TTM
Cash from Operations
26.13B5.69B830M229.61B50.13B38.95B-65.3B54.94B-69.65B-69.65B
Operating CF Growth %
-30.14%-78.21%-85.42%27563.49%-78.17%-22.3%-267.66%184.13%-226.77%-67.17%
Net Income
12.77B14.52B11.69B11.89B14.3B17.43B10.63B8.84B20.54B14.91B
Depreciation & Amortization
1.31B1.39B1.41B2.14B2.07B1.77B1.91B2.03B2.17B1.1B
Deferred Taxes
175M385M-33M-1.06B258M502M-1.31B-1.06B-764M-237M
Other Non-Cash Items
1.44B1.63B1.76B4.58B-1.02B-981M2.12B2.89B-3.01B6B
Working Capital Changes
10.44B-12.22B-13.99B212.06B34.53B20.23B-78.66B42.24B-88.58B-6.38B
Cash from Investing
-18.93B1.55B4.95B-223.32B-45.27B-31.89B76.23B-45.42B86.19B-2.1B
Purchase of Investments
-83.62B-71.93B-76.1B-197.27B-174.95B-180.69B-51.32B-53.85B-130.62B-121.53B
Sale/Maturity of Investments
64.72B53.6B77.8B113.48B133.4B117.32B88.57B78.33B136.58B106B
Net Investment Activity
-18.9B-18.33B1.7B-83.79B-41.55B-63.38B37.25B24.48B5.96B-15.54B
Acquisitions
-2.13B0-540M0-1.86B2.48B-624M3.42B20.78B157M
Other Investing
2.53B20.46B5.17B-138.27B-729M30.45B41.45B-71.15B61.59B15.65B
Cash from Financing
-7.04B-6.53B-5.65B-4.75B-5.04B-4.82B-12.85B-9.81B-15.5B-12.83B
Dividends Paid
-4.21B-4.63B-5.16B-3.66B-5.55B-6.67B-5.83B-7.16B-7.66B-7.75B
Share Repurchases
-11.23B-10.43B-12.17B-9.88B-11.06B-14.3B-13.23B-17.13B-20.84B-22.28B
Stock Issued
9.83B8.58B10.12B8.92B11.09B11.28B8.57B12.05B14.84B13.86B
Net Stock Activity
-1.4B-1.84B-2.05B-960M24M-3.03B-4.66B-5.08B-5.99B-8.42B
Debt Issuance (Net)
-1000K-1000K1000K-1000K-1000K-1000K-1000K1000K-1000K-2M
Other Financing
-738M-72M-1.01B001B400M1.3B0-21.6B
Net Change in Cash
64M▲ 0%
764M▲ 1093.8%
128M▼ 83.2%
1.58B▲ 1135.9%
-514M▼ 132.5%
2.63B▲ 610.7%
-1.83B▼ 169.9%
-284M▲ 84.5%
1.07B▲ 478.5%
786M▲ 0%
Exchange Rate Effect
-94M49M3M40M-339M390M88M14M34M1.54B
Cash at Beginning
3.91B3.97B4.74B4.86B6.45B5.93B8.56B6.72B6.44B0
Cash at End
3.97B4.74B4.86B6.45B5.93B8.56B6.72B6.44B7.51B0
Interest Paid
8.96B13.89B18.01B11.59B5.88B12.52B48.18B61.78B55.47B38.02B
Income Taxes Paid
2.87B3.54B3.59B2.29B4.07B4.4B3.04B3.81B4.33B3.04B
Free Cash Flow
25.69B▲ 0%
5.11B▼ 80.1%
-555M▼ 110.9%
228.35B▲ 41243.4%
49B▼ 78.5%
37.49B▼ 23.5%
-67.15B▼ 279.1%
52.76B▲ 178.6%
-71.79B▼ 236.1%
13.03B▲ 0%
FCF Growth %
-29.81%-80.13%-110.87%41243.42%-78.54%-23.48%-279.08%178.57%-236.07%-55.09%

TD Banking Ratios

The Toronto-Dominion Bank (TD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)13.92%14.51%13.91%12.99%14.64%16.5%9.52%7.78%16.9%11.85%
Return on Assets (ROA)0.85%0.86%0.85%0.76%0.83%0.96%0.55%0.44%0.99%0.72%
Net Interest Margin1.63%1.67%1.68%1.43%1.4%1.43%1.53%1.48%1.58%1.67%
Efficiency Ratio47.53%42.26%41.58%44.17%53.14%39.16%34.07%33.96%28.34%36.36%
Equity / Assets5.88%6%6.2%5.57%5.77%5.81%5.73%5.59%6.1%5.96%
Book Value / Share40.5443.5147.9952.854.8461.4261.4365.4374.37101.43
NII Growth4.64%6.68%7.11%2.84%-1.49%13.35%9.47%1.76%8.5%10.23%
Dividend Payout40.51%41.15%44.2%30.77%38.85%38.24%54.78%80.98%37.31%51.99%
Related:TD Dividend History·TD Revenue History·TD Price History·TD P/E History·TD Financial Ratios·TD Institutional Holders

TD Frequently Asked Questions

The Toronto-Dominion Bank (TD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

The Toronto-Dominion Bank (TD) saw revenue decline by 2.8% over the past year.

Yes, The Toronto-Dominion Bank (TD) is profitable, generating $14.91B in net income for fiscal year 2025 (17.7% net margin).

Dividend & Returns

Yes, The Toronto-Dominion Bank (TD) pays a dividend with a yield of 2.86%. This makes it attractive for income-focused investors.

The Toronto-Dominion Bank (TD) has a return on equity (ROE) of 16.9%. This is reasonable for most industries.

Industry Metrics

The Toronto-Dominion Bank (TD) has a net interest margin (NIM) of 1.6%. NIM has been under pressure due to interest rate environment.

The Toronto-Dominion Bank (TD) has an efficiency ratio of 28.3%. This is excellent, indicating strong cost control.

What if you invested $1,000 in TD back in 1996?

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How much would $100/month in TD be worth today?

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