Bank of Montreal (BMO)
Bank of Montreal reported revenue of CA$36.3B in fiscal 2025, up 10.6% from a year earlier. Net income was CA$8.7B, a net margin of 24.0%. At October 31, 2025 it held CA$67.5B in cash. Its latest periodic report to the SEC is the annual report (Canadian issuer) (amended) (40-F/A) filed on December 17, 2025.
Key facts about Bank of Montreal
- Net worth
- Bank of Montreal has a market value (market cap) of $115.5B at the latest share price, and shareholders' equity of CA$88.1B on its balance sheet at October 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was CA$36.3B (+10.6% year on year), with net income of CA$8.7B.
- Cash flow
- In fiscal 2025 operations brought in CA$10.2B of cash.
- Latest report
- The latest periodic report (annual report (Canadian issuer) (amended), 40-F/A) was filed with the SEC on December 17, 2025 and covers the period to October 31, 2025. Open on SEC EDGAR
What Bank of Montreal does
Bank of Montreal provides retail banking, commercial banking, wealth management, and investment banking services. The bank serves individual consumers, small businesses, and institutional clients primarily across Canada and the United States. Its shares trade on NYSE under the ticker BMO.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | CA$36.3B | CA$8.7B | CA$11.44 | n/a |
| 2024 | CA$32.8B | CA$7.3B | CA$9.51 | n/a |
| 2023 | CA$29.3B | CA$4.4B | CA$5.76 | CA$8.7B |
| 2022 | CA$33.7B | CA$13.5B | CA$19.99 | CA$4.2B |
| 2021 | CA$27.2B | CA$7.8B | CA$11.58 | CA$43.6B |
| 2020 | CA$25.2B | CA$5.1B | CA$7.55 | CA$50.4B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where BMO ranks in Finance
Dividends
It paid out CA$5B in cash dividends, 58% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | CA$5B | 58% |
| 2024 | n/a | CA$3.8B | 52% |
| 2023 | n/a | CA$2.7B | 61% |
| 2022 | n/a | CA$2.6B | 19% |
| 2021 | n/a | CA$3B | 38% |
| 2020 | n/a | CA$2.5B | 49% |
Latest SEC filings
What Bank of Montreal has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 16, 2026
- September 15, 2026
- September 4, 2026
- September 3, 2026
- August 28, 2026Form N-PX filing N-PX
- August 25, 2026
- August 25, 2026
- August 25, 2026
- August 25, 2026
- August 25, 2026
Insider trades
What the people running Bank of Montreal did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
Who owns BMO
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 835 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Royal Bank of Canada | 67,410,401 | -6,153,022 |
| Bank of Montreal | 60,590,402 | -4,378,260 |
| Vanguard Capital Management LLC | 40,295,021 | -114,862 |
| Cibc World Market Inc. | 25,293,681 | -746,968 |
| Norges Bank | 18,920,489 | new |
| 1832 Asset Management L.P. | 18,612,902 | -1,907,106 |
| Geode Capital Management, LLC | 16,370,031 | +1,494,049 |
| National Bank of Canada | 17,283,353 | -564,748 |
| TD Asset Management Inc | 14,240,014 | -5,168,820 |
| FIL Ltd | 13,987,488 | +2,818,646 |
| Mackenzie Financial Corp | 9,428,795 | -910,862 |
| Scotia Capital Inc. | 12,945,159 | -481,155 |
| Toronto Dominion Bank | 12,555,791 | -5,076,377 |
| CIBC Asset Management Inc | 13,039,709 | +1,714,891 |
| Canada Pension Plan Investment Board | 11,736,440 | +2,504,598 |
| Vanguard Fiduciary Trust Co | 11,722,990 | -72,754 |
| Jpmorgan Chase & Co | 11,239,420 | +233,049 |
| Vanguard Global Advisers, LLC | 9,594,050 | +682,944 |
| TD Waterhouse Canada Inc. | 9,479,748 | -626,589 |
| BlackRock, Inc. | 14,177,187 | +27,191 |
Insiders
Questions about BMO
What does Bank of Montreal do?
Bank of Montreal provides retail banking, commercial banking, wealth management, and investment banking services. The bank serves individual consumers, small businesses, and institutional clients primarily across Canada and the United States. Its shares trade on NYSE under the ticker BMO.
What is Bank of Montreal's net worth?
Bank of Montreal has a market value (market cap) of $115.5B at the latest share price, and shareholders' equity of CA$88.1B on its balance sheet at October 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Bank of Montreal profitable?
Yes. In fiscal 2025 it reported net income of CA$8.7B on revenue of CA$36.3B, a net margin of 24.0%.
How much revenue does Bank of Montreal make?
In fiscal 2025 Bank of Montreal reported revenue of CA$36.3B. That is 10.6% more than a year earlier.
When did Bank of Montreal last report?
Its most recent periodic report is the annual report (Canadian issuer) (amended) (40-F/A) filed on December 17, 2025. It covers the period to October 31, 2025. Its newest filing of any kind is the foreign issuer update from September 16, 2026.
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Where the numbers come from
Financial figures are the values Bank of Montreal tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.