The Toronto-Dominion Bank (TD) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown
TD's revenue distribution by segment and geography
By Geography
TD Revenue Analysis (2014–2025)
As of February 28, 2026, The Toronto-Dominion Bank (TD) generated trailing twelve-month (TTM) revenue of $115.84 billion, reflecting moderate decline in growth of -5.9% year-over-year. The most recent quarter (Q4 2025) recorded $28.77 billion in revenue, up 0.3% sequentially.
Looking at the longer-term picture, TD's 5-year compound annual growth rate (CAGR) stands at +16.2%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $119.17 billion in 2024.
When compared to Financial Services sector peers including JPM, BAC, and WFC. Compare TD vs JPM →
Peer Comparison
Compare TD's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TDCurrent | $115.8B | -5.9% | +16.2% | 20.7% | |
| 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 | $115.84B | - | $56.78B | 49.0% | $23.95B | 20.7% |
| 2024 | $119.17B | - | $52.00B | 43.6% | $11.53B | 9.7% |
| 2023 | $102.25B | - | $48.59B | 47.5% | $13.75B | 13.4% |
| 2022 | $59.44B | - | $44.70B | 75.2% | $21.41B | 36.0% |
| 2021 | $47.72B | - | $42.49B | 89.0% | $17.13B | 35.9% |
| 2020 | $54.62B | - | $36.04B | 66.0% | $11.91B | 21.8% |
| 2019 | $58.85B | - | $37.70B | 64.1% | $13.23B | 22.5% |
| 2018 | $52.72B | - | $36.05B | 68.4% | $13.77B | 26.1% |
| 2017 | $44.83B | - | $33.63B | 75.0% | $12.32B | 27.5% |
| 2016 | $40.64B | - | $31.67B | 77.9% | $10.65B | 26.2% |
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Start ComparisonFrequently Asked Questions
Is TD's revenue growth accelerating or slowing?
TD revenue declined -5.9% year-over-year, contrasting with the 5-year CAGR of +16.2%. TTM revenue fell to $115.8B. This reverses the prior growth trend.
What is TD's long-term revenue growth rate?
The Toronto-Dominion Bank's 5-year revenue CAGR of +16.2% reflects the variable expansion pattern. Current YoY growth of -5.9% is below this long-term average.
How is TD's revenue distributed by segment?
TD 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.