BANK OF NOVA SCOTIA financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data BANK OF NOVA SCOTIA files with the SEC in its annual reports.

In CAD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	26,350	27,155	28,775	31,034	31,336	31,252	31,416	32,214	33,670	37,741
Pre-tax income	9,398	10,276	11,106	11,270	8,396	12,826	12,932	9,671	9,924	10,509
Income tax	2,030	2,033	2,382	2,472	1,543	2,871	2,758	2,221	2,032	2,751
Net income to minority interests	-251	-238	-176	-408	-75	331	258	112	134	-31
Net income	7,117	8,005	8,548	8,390	6,778	9,624	9,916	7,338	7,758	7,789
EPS, basic	5.80	6.55	6.90	6.72	5.43	7.74	8.05	5.78	5.94	5.84
EPS, diluted	5.77	6.49	6.82	6.68	5.30	7.70	8.02	5.72	5.87	5.67

Balance sheet

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	6,855	7,825	8,997	10,904	11,123	9,693	11,065	10,173	9,406	10,256
Property, plant and equipment		2,381	2,684	2,669	5,897	5,621	5,700	5,642	5,252	4,881
Goodwill	7,384	7,243	10,007	9,631	9,279	8,848	8,874	9,181	8,961	8,585
Intangible assets		4,863	7,712	7,834	7,736	7,756	7,959	8,012	7,892	7,584
Total assets		915,273	998,493	1,086,161	1,136,466	1,184,844	1,349,418	1,411,043	1,412,027	1,460,042
Total liabilities		853,648	930,813	1,015,969	1,065,963	1,111,952	1,274,669	1,332,472	1,327,951	1,371,455
Retained earnings		38,117	41,414	44,439	46,345	51,354	53,761	55,673	57,751	58,916
Shareholders' equity		60,033	65,228	67,522	68,127	70,802	73,225	76,842	82,369	86,866
Minority interests		1,592	2,452	2,670	2,376	2,090	1,524	1,729	1,707	1,721
Total equity	57,821	61,625	67,680	70,192	70,503	72,892	74,748	78,571	84,076	88,587
Total liabilities and equity		915,273	998,493	1,086,161	1,136,466	1,184,844	1,349,418	1,411,043	1,412,027	1,460,042

Cash flow statement

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	7,368	8,243	8,724	8,798	6,853	9,955	10,174	7,450	7,892	7,758
Depreciation and amortization	684	761	848	1,053	1,546	1,511	1,531	1,820	1,760	1,604
Cash from operations	4,536	16,584	17,811	-12,025	56,664	-12,807	16,943	31,724	15,652	5,407
Cash from investing	-2,754	-12,540	-13,725	15,218	-56,459	14,697	-11,293	-30,040	-7,450	1,568
Dividends paid	-3,598	-3,797	-4,172	-4,442	-4,559	-4,604	-5,118	-5,422	-5,670	-5,875
Cash from financing	-1,633	-2,932	-2,870	-1,288	143	-2,777	-4,579	-2,766	-8,838	-6,308
Exchange rate effect	-18	-142	-44	2	-129	-543	301	190	-131	183
Net change in cash	131	970	1,172	1,907	219	-1,430	1,372	-892	-767	850
Interest paid	7,787	8,730	11,400	15,322	13,042	8,766	13,336	34,731	42,273	37,197
Income taxes paid	1,471	2,012	1,938	2,958	1,962	2,693	3,503	2,139	1,985	3,580

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	27.8%	Pre-tax income / revenue.
Net margin	20.6%	Net income / revenue.
Operating cash flow margin	14.3%	Cash from operations / revenue.
Effective tax rate	26.2%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	9.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.5%	Net income / average total assets.
D&A / revenue	4.3%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	12.1%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	6.3%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	3.8%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	0.4%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-7.7%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	2.8%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-3.4%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-10.9%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	1.4%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-65.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-31.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-37.5%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	5.5%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	5.9%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	5.0%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	3.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	2.7%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	5.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	93.9%	Total liabilities / total assets.
Goodwill and intangibles / assets	1.1%	(Goodwill + intangible assets) / total assets.
Tangible book value	CA$70.70B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.03x	Revenue / average total assets.
Fixed asset turnover	7.45x	Revenue / average property, plant and equipment.

Per share

Metric	Value	How it is calculated
EPS, diluted	CA$5.67	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	CA$5.84	Net income per basic share, as reported (split-adjusted).
Payout ratio	75.4%	Dividends paid / net income, when net income is positive.

What was BANK OF NOVA SCOTIA's revenue in fiscal 2025?

BANK OF NOVA SCOTIA reported revenue of CA$37.74B for fiscal 2025, 12.1% higher than the year before.

Was BANK OF NOVA SCOTIA profitable in fiscal 2025?

Yes. Net income was CA$7.79B, a net margin of 20.6%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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