The Toronto-Dominion Bank (TD) Earnings History
Annual and quarterly earnings data from 1995 to 2025
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 49.0% | 20.7% | 17.7% |
| 2024 | 43.6% | 9.7% | 7.4% |
| 2023 | 47.5% | 13.4% | 10.4% |
| 2022 | 75.2% | 36.0% | 29.3% |
| 2021 | 89.0% | 35.9% | 30.0% |
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The Toronto-Dominion Bank (TD) Earnings Overview
As of February 28, 2026, The Toronto-Dominion Bank (TD) reported trailing twelve-month net income of $20.54B, reflecting +1.4% year-over-year growth. The company earned $11.95 per diluted share over the past four quarters, with a net profit margin of 0.2%.
Looking at the long-term picture, TD's 5-year EPS compound annual growth rate (CAGR) stands at +12.4%, showing solid earnings momentum. The company achieved its highest annual net income of $20.54B in fiscal 2025, representing a new all-time high.
The Toronto-Dominion Bank maintains positive profitability with a gross margin of 0.5%, operating margin of 0.2%, and net margin of 0.2%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including JPM ($58.03B net income, 0.2% margin), BAC ($30.63B net income, 0.2% margin), WFC ($21.06B net income, 0.2% margin), TD has room to improve margins relative to the peer group. Compare TD vs JPM →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
31 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $20.54B | +132.3% | $23.95B | $11.56 | 17.7% | 20.7% |
| 2024 | $8.84B | -16.9% | $11.53B | $4.72 | 7.4% | 9.7% |
| 2023 | $10.63B | -39.0% | $13.75B | $5.52 | 10.4% | 13.4% |
| 2022 | $17.43B | +21.9% | $21.41B | $9.47 | 29.3% | 36.0% |
| 2021 | $14.30B | +20.2% | $17.13B | $7.72 | 30.0% | 35.9% |
| 2020 | $11.89B | +1.9% | $11.91B | $6.43 | 21.8% | 21.8% |
| 2019 | $11.67B | +3.6% | $13.23B | $6.25 | 19.8% | 22.5% |
| 2018 | $11.26B | +8.3% | $13.77B | $6.01 | 21.4% | 26.1% |
| 2017 | $10.40B | +17.9% | $12.32B | $5.50 | 23.2% | 27.5% |
| 2016 | $8.82B | +11.5% | $10.65B | $4.67 | 21.7% | 26.2% |
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Start ComparisonFrequently Asked Questions
Is TD growing earnings?
TD EPS of $11.95 reflects slowing growth at +1.4%, below the 5-year CAGR of +12.4%. TTM net income is $20.5B. Expansion rate has moderated.
What are TD's profit margins?
The Toronto-Dominion Bank net margin is +0.2%, with operating margin at +0.2%. Below-average margins reflect competitive or cost pressures.
How consistent are TD's earnings?
TD earnings data spans 1995-2025. The current earnings trend is +1.4% YoY. Historical data enables comparison across business cycles.