TD

MKT CAP:$178B

The Toronto-Dominion Bank

Market Cap

$178B

Financial Services·Banks - Diversified·🇨🇦 Canada·NYSE

Financials·Banks·🇨🇦·NYSE

Stock Price

$105.20+$10.66 (+11.28%)

Apr 24, 2026

Company Details

The 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 B...

CEO

Raymond Chun

IPO Date

Aug 30, 1996

Website

www.td.com

Key Metrics TTM

Revenue

$83.4B

-5.0% YoY

Net Income

$15.9B

EPS (Diluted)

$9.00

Free Cash Flow

$10.3B

Revenue / Share

$67.42

Gross Margin

51.1%

Operating Margin

22.5%

Net Margin

19.1%

FCF Margin

12.4%

P/S

2.1x

P/E

11.2x

Earnings Reports

Q1 2026

Feb 26, 2026

$20.6B-5.9%EPS $1.72

FY 2025

Dec 4, 2025

$84.7B-2.8%EPS $8.45

Q4 2025

Dec 4, 2025

$21.0B-5.9%EPS $1.32

Q3 2025

Aug 28, 2025

$21.0B-5.4%EPS $1.38

Q2 2025

May 22, 2025

$20.8B-2.8%EPS $4.58

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$9.2B	$8.0B	$3.4B
Q3 22	$11.1B	$8.1B	$2.7B
Q4 22	$13.9B	$8.3B	$5.6B
Q1 23	$17.0B	$9.0B	$1.6B
Q2 23	$17.8B	$8.7B	$2.9B
Q3 23	$19.4B	$8.9B	$2.5B
Q4 23	$20.4B	$8.9B	$2.5B
Q1 24	$21.2B	$9.2B	$2.4B
Q2 24	$21.4B	$9.3B	$2.3B
Q3 24	$22.2B	$9.5B	$309M
Q4 24	$22.3B	$10.0B	$3.0B
Q1 25	$21.9B	$10.0B	$2.6B
Q2 25	$20.8B	$10.0B	$8.9B
Q3 25	$21.0B	$10.6B	$3.1B
Q4 25	$21.0B	$10.9B	$3.0B
Q1 26	$20.6B	$11.1B	$3.8B

Valuation

Quarter	P/S	P/E
Q2 22	3.7x	12.2x
Q3 22	3.1x	11.4x
Q4 22	2.8x	9.7x
Q1 23	2.5x	11.7x
Q2 23	1.9x	10.6x
Q3 23	1.8x	11.8x
Q4 23	1.4x	13.9x
Q1 24	1.4x	12.6x
Q2 24	1.3x	12.8x
Q3 24	0.9x	12.4x
Q4 24	1.0x	13.2x
Q1 25	1.1x	15.4x
Q2 25	1.3x	8.6x
Q3 25	1.5x	8.4x
Q4 25	1.7x	9.4x
Q1 26	1.9x	10.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	-$8.3B	-$8.6B
Q3 22	$13.8B	$13.6B
Q4 22	$1.9B	$1.6B
Q1 23	$3.7B	$3.4B
Q2 23	-$39.5B	-$39.8B
Q3 23	-$22.5B	-$22.9B
Q4 23	$10.6B	$10.2B
Q1 24	-$14.7B	-$15.0B
Q2 24	$3.9B	$3.5B
Q3 24	-$7.3B	-$7.7B
Q4 24	$58.2B	$57.7B
Q1 25	-$36.7B	-$37.1B
Q2 25	$8.6B	$8.3B
Q3 25	-$15.9B	-$16.3B
Q4 25	-$6.9B	-$7.3B
Q1 26	$26.1B	$25.7B

Capital Expenditures

Quarter	CapEx
Q2 22	$297M
Q3 22	$186M
Q4 22	$337M
Q1 23	$295M
Q2 23	$273M
Q3 23	$376M
Q4 23	$405M
Q1 24	$344M
Q2 24	$311M
Q3 24	$415M
Q4 24	$521M
Q1 25	$363M
Q2 25	$319M
Q3 25	$420M
Q4 25	$466M
Q1 26	$389M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+2.4%	-4.5%
Q3 22	+32.4%	+63.8%
Q4 22	+59.6%	+48.8%
Q1 23	+88.1%	+166.7%
Q2 23	+93.3%	+155.8%
Q3 23	+74.6%	+100.2%
Q4 23	+47.1%	+117.2%
Q1 24	+24.3%	+21.7%
Q2 24	+20.3%	+28.3%
Q3 24	+14.0%	+28.9%
Q4 24	+9.4%	+7.4%
Q1 25	+3.2%	+3.0%
Q2 25	-2.8%	-37.6%
Q3 25	-5.4%	-18.2%
Q4 25	-5.9%	-6.6%
Q1 26	-5.9%	-13.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%
Q1 26	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$2.8B	$246M
Q3 22	$3.0B	$240M
Q4 22	$3.1B	$295M
Q1 23	$3.6B	$229M
Q2 23	$3.7B	$282M
Q3 23	$3.9B	$245M
Q4 23	$3.7B	$305M
Q1 24	$4.2B	$238M
Q2 24	$4.0B	$288M
Q3 24	$4.2B	$267M
Q4 24	$4.7B	$315M
Q1 25	$4.5B	$249M
Q2 25	$4.3B	$312M
Q3 25	$4.4B	$286M
Q4 25	$4.5B	$354M
Q1 26	$4.8B	$259M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$97.6B	$49.4B	$147.0B
Q3 22	$100.1B	$50.6B	$150.8B
Q4 22	$106.6B	$8.1B	$114.7B
Q1 23	$109.9B	$51.0B	$160.9B
Q2 23	$80.5B	$52.6B	$133.2B
Q3 23	$65.1B	$50.2B	$115.3B
Q4 23	$76.8B	$8.4B	$85.1B
Q1 24	$59.5B	$54.1B	$113.6B
Q2 24	$68.7B	$54.8B	$123.5B
Q3 24	$73.0B	$55.3B	$128.3B
Q4 24	$130.1B	$38.3B	$168.4B
Q1 25	$104.5B	$79.3B	$183.8B
Q2 25	$106.5B	$85.3B	$191.8B
Q3 25	$89.5B	$89.7B	$179.2B
Q4 25	$85.4B	$28.6B	$114.0B
Q1 26	$4.6B	$243.5B	$248.1B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	1.81B	-0.9%	-0.4%
Q3 22	1.81B	-0.1%	-0.7%
Q4 22	1.81B	+0.4%	-0.4%
Q1 23	1.82B	+0.5%	-0.1%
Q2 23	1.83B	+0.4%	+1.2%
Q3 23	1.84B	+0.3%	+1.6%
Q4 23	1.81B	-1.6%	-0.4%
Q1 24	1.78B	-1.6%	-2.5%
Q2 24	1.76B	-0.8%	-3.6%
Q3 24	1.75B	-0.9%	-4.8%
Q4 24	1.75B	+0.3%	-3.0%
Q1 25	1.75B	-0.2%	-1.5%
Q2 25	1.74B	-0.5%	-1.3%
Q3 25	1.72B	-1.3%	-1.7%
Q4 25	1.72B	0.0%	-2.0%
Q1 26	1.24B	-28.1%	-29.4%

Shares Outstanding