Bank of Montreal (BMO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Net Interest Income | 5.27B | 5.64B | 5.5B | 5.5B | 5.1B | 5.4B | 5.44B | 4.79B | 4.51B | 4.72B | 4.94B | 4.91B | 4.81B | 4.02B | 3.77B | 4.2B | 3.9B | 4.02B | 3.76B | 3.52B |
| NII Growth % | 3.35% | 4.54% | 1.07% | 14.64% | 12.89% | 14.34% | 10.06% | -2.26% | -6.21% | 17.41% | 31.17% | 16.87% | 23.37% | 0.05% | 0.29% | 19.2% | 12.94% | 12.33% | 6.4% | -0.4% |
| Net Interest Margin % | 0.35% | 0.39% | 0.37% | 0.38% | 0.35% | 0.37% | 0.39% | 0.34% | 0.33% | 0.36% | 0.37% | 0.39% | 0.38% | 0.35% | 0.33% | 0.39% | 0.37% | 0.39% | 0.38% | 0.36% |
| Interest Income | 15.01B | 15.16B | 15.52B | 15.74B | 15.65B | 16.62B | 16.86B | 17.1B | 16.16B | 15.85B | 15.6B | 14.82B | 13.78B | 11.37B | 9.12B | 7.04B | 5.52B | 5.21B | 5.03B | 4.89B |
| Interest Expense | 9.75B | 9.52B | 10.02B | 10.25B | 10.56B | 11.22B | 11.43B | 12.31B | 11.65B | 11.13B | 10.66B | 9.92B | 8.97B | 7.35B | 5.36B | 2.85B | 1.62B | 1.19B | 1.27B | 1.37B |
| Loan Loss Provision | 739M | 746M | 755M | 797M | 1.05B | 1.01B | 1.52B | 906M | 705M | 627M | 446M | 492M | 318M | 217M | 226M | 136M | 50M | -99M | -126M | -70M |
| Non-Interest Income | 4.27B | 4.16B | 3.76B | 3.45B | 3.58B | 3.82B | 2.88B | 3.36B | 3.41B | 2.93B | 3.38B | 3.15B | 2.92B | 3.03B | 2.72B | 2.75B | 1.8B | 3.1B | 2.75B | 3.97B |
| Non-Interest Income % | 22.14% | 21.51% | 19.51% | 17.96% | 18.63% | 18.68% | 14.59% | 16.42% | 17.4% | 15.58% | 17.81% | 17.54% | 17.46% | 21.02% | 22.95% | 28.06% | 24.61% | 37.36% | 35.37% | 44.81% |
| Total Revenue | 19.28B | 19.32B | 19.28B | 19.19B | 19.24B | 20.44B | 19.74B | 20.46B | 19.57B | 18.78B | 18.98B | 17.97B | 16.7B | 14.4B | 11.84B | 9.79B | 7.33B | 8.31B | 7.78B | 8.87B |
| Revenue Growth % | 0.23% | -5.49% | -2.35% | -6.23% | -1.7% | 8.84% | 4.02% | 13.85% | 17.2% | 30.45% | 60.29% | 83.55% | 127.93% | 73.23% | 52.21% | 10.41% | -1.44% | -1.11% | 3.02% | -2.58% |
| Non-Interest Expense | 5.3B | 5.73B | 5.47B | 5.06B | 5.02B | 5.38B | 3.79B | 4.8B | 4.79B | 5.37B | 5.7B | 5.58B | 6.15B | 6.33B | 322M | 5.12B | -708M | 3.33B | 3.83B | 4.6B |
| Efficiency Ratio | 27.49% | 29.65% | 28.39% | 26.37% | 26.1% | 26.31% | 19.19% | 23.46% | 24.48% | 28.57% | 30.03% | 31.03% | 36.81% | 43.97% | 2.72% | 52.27% | -9.66% | 40.04% | 49.29% | 51.88% |
| Operating Income | 3.5B | 3.33B | 3.03B | 3.09B | 2.61B | 2.83B | 3.01B | 2.45B | 2.42B | 1.66B | 2.18B | 1.99B | 1.26B | 500M | 5.94B | 1.69B | 6.36B | 3.9B | 2.8B | 2.96B |
| Operating Margin % | 18.14% | 17.21% | 15.72% | 16.08% | 13.55% | 13.83% | 15.23% | 11.96% | 12.39% | 8.82% | 11.46% | 11.06% | 7.58% | 3.47% | 50.14% | 17.27% | 86.86% | 46.87% | 35.98% | 33.42% |
| Operating Income Growth % | 34.23% | 17.57% | 0.76% | 26.11% | 7.46% | 70.77% | 38.19% | 23.09% | 91.7% | 231.2% | -63.35% | 17.56% | -80.12% | -87.16% | 112.11% | -42.95% | 236.67% | 49.52% | 39.53% | 97.34% |
| Pretax Income | 3.5B | 3.33B | 3.03B | 3.09B | 2.61B | 2.83B | 3.01B | 2.45B | 2.42B | 1.66B | 2.18B | 1.99B | 1.26B | 500M | 5.94B | 1.69B | 6.36B | 3.9B | 2.8B | 2.96B |
| Pretax Margin % | 18.14% | 17.21% | 15.72% | 16.08% | 13.55% | 13.83% | 15.23% | 11.96% | 12.39% | 8.82% | 11.46% | 11.06% | 7.58% | 3.47% | 50.14% | 17.27% | 86.86% | 46.87% | 35.98% | 33.42% |
| Income Tax | 868M | 836M | 735M | 756M | 644M | 690M | 703M | 582M | 559M | 364M | 559M | 423M | 236M | 367M | 1.45B | 326M | 1.61B | 962M | 640M | 689M |
| Effective Tax Rate % | 24.81% | 25.14% | 24.26% | 24.5% | 24.71% | 24.4% | 23.38% | 23.78% | 23.05% | 21.98% | 25.69% | 21.28% | 18.66% | 73.4% | 24.49% | 19.28% | 25.26% | 24.7% | 22.87% | 23.25% |
| Net Income | 2.63B | 2.49B | 2.29B | 2.33B | 1.96B | 2.13B | 2.3B | 1.86B | 1.86B | 1.29B | 1.61B | 1.56B | 1.03B | 133M | 4.48B | 1.36B | 4.76B | 2.93B | 2.16B | 2.27B |
| Net Margin % | 13.62% | 12.89% | 11.87% | 12.13% | 10.19% | 10.44% | 11.65% | 9.11% | 9.51% | 6.87% | 8.48% | 8.7% | 6.14% | 0.92% | 37.86% | 13.94% | 64.92% | 35.29% | 27.75% | 25.65% |
| Net Income Growth % | 33.98% | 16.68% | -0.56% | 24.77% | 5.26% | 65.43% | 42.92% | 19.32% | 81.48% | 869.92% | -64.09% | 14.51% | -78.43% | -95.47% | 107.64% | -40% | 265% | 45.41% | 36.3% | 84.66% |
| Net Income (Continuing) | 2.63B | 2.49B | 2.29B | 2.33B | 1.96B | 2.14B | 2.3B | 1.86B | 1.87B | 1.29B | 1.62B | 1.56B | 1.03B | 133M | 4.48B | 1.36B | 4.76B | 2.93B | 2.16B | 2.27B |
| EPS (Diluted) | 3.50 | 3.39 | 2.94 | 3.14 | 2.50 | 2.84 | 2.95 | 2.48 | 2.36 | 1.73 | 2.06 | 2.12 | 1.26 | 0.14 | 6.50 | 1.95 | 7.13 | 4.43 | 3.23 | 3.41 |
| EPS Growth % | 40% | 19.37% | -0.34% | 26.61% | 5.93% | 64.16% | 43.2% | 16.98% | 87.3% | 1135.71% | -68.31% | 8.72% | -82.33% | -96.84% | 101.24% | -42.82% | 273.3% | 46.2% | 36.29% | 88.4% |
| EPS (Basic) | 3.39 | 3.40 | 2.94 | 3.14 | 2.51 | 2.84 | 2.95 | 2.41 | 2.36 | 1.73 | 2.06 | 2.13 | 1.27 | 0.14 | 6.52 | 1.96 | 7.15 | 4.52 | 3.24 | 3.42 |
| Diluted Shares Outstanding | 710.17M | 710.17M | 723.27M | 720.79M | 726.44M | 728.53M | 728.53M | 730.19M | 729.28M | 724.59M | 720M | 716.38M | 712.81M | 692.63M | 688.63M | 674.8M | 660.03M | 650.16M | 650.1M | 649M |