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Financial statements

TORONTO DOMINION BANK financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data TORONTO DOMINION BANK 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

FY2016FY2018FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue34,31536,20238,89241,06543,64642,69349,03250,69057,22367,777
Income tax2,1432,2533,1822,7351,1523,6213,9863,1182,6913,410
Net income to minority interests1151217218
Net income8,93610,51711,33411,68611,89514,29817,42910,6348,84220,538
EPS, basic4.685.516.026.266.437.739.485.534.7311.57
EPS, diluted4.675.506.016.256.437.729.475.524.7211.56

Balance sheet

FY2016FY2018FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents3,9073,9714,7354,8636,4455,9318,5566,7216,4377,512
Property, plant and equipment5,3135,3245,51310,1369,1819,4009,4349,83710,132
Goodwill16,66216,15616,53616,97617,14816,23217,65618,60218,85118,980
Intangible assets2,6182,4592,5032,1252,1232,3032,7713,0443,409
Total assets1,176,9671,278,9951,334,9031,415,2901,715,8651,728,6721,917,5281,955,1392,061,7512,094,558
Total liabilities1,203,8051,254,8631,327,5891,620,3661,628,8541,806,1451,843,0681,946,5911,966,731
Retained earnings40,48946,14549,49753,84563,94473,69873,00870,82678,320
Shareholders' equity74,20779,04787,701
Minority interests983993
Total equity74,21475,19080,04087,70195,49999,818111,383112,071115,160127,827
Total liabilities and equity1,278,9951,334,9031,415,2901,715,8651,728,6721,917,5281,955,1392,061,7512,094,558

Cash flow statement

FY2016FY2018FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income8,93610,51711,33411,68611,89514,29817,42910,6348,84220,538
Cash from operations37,40126,1275,693830229,60750,12938,949-65,30254,937-69,646
Cash from investing-36,452-18,9341,5494,947-223,319-45,268-31,89576,226-45,42286,188
Debt issued03,3242,283
Dividends paid-3,808-4,211-4,634-5,157-3,660-5,555-6,665-5,825-7,160-7,663
Cash from financing-247-7,035-6,527-5,652-4,746-5,036-4,819-12,847-9,813-15,501
Exchange rate effect51-9449340-339390881434
Net change in cash753647641281,582-5142,625-1,835-2841,075
Interest paid6,5598,95713,88818,01311,5875,87812,52348,17961,77955,466
Income taxes paid1,1822,8663,5353,5892,2854,0714,4043,0363,8124,332

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

MetricValueHow it is calculated
Net margin30.3%Net income / revenue.
Operating cash flow margin-102.8%Cash from operations / revenue.
Return on assets (ROA)1.0%Net income / average total assets.

Growth

MetricValueHow it is calculated
Revenue growth, 1y18.4%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y11.4%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y9.2%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y132.3%Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y5.6%Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y11.5%Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y144.9%EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y6.9%Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y12.4%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-226.8%Operating cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y1.6%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y3.0%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y4.1%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Liabilities / assets93.9%Total liabilities / total assets.
Goodwill and intangibles / assets1.1%(Goodwill + intangible assets) / total assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.03xRevenue / average total assets.
Fixed asset turnover6.79xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
EPS, dilutedCA$11.56Net 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, basicCA$11.57Net income per basic share, as reported (split-adjusted).
Payout ratio37.3%Dividends paid / net income, when net income is positive.
What was TORONTO DOMINION BANK's revenue in fiscal 2025?

TORONTO DOMINION BANK reported revenue of CA$67.78B for fiscal 2025, 18.4% higher than the year before.

Was TORONTO DOMINION BANK profitable in fiscal 2025?

Yes. Net income was CA$20.54B, a net margin of 30.3%.

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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