The Toronto-Dominion Bank (TD) Earnings History
Growth Compounder31 years of earnings data (1995–2025) · Consistent double-digit EPS growth over 5 years
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The Toronto-Dominion Bank (TD) Earnings Overview
As of July 8, 2026, The Toronto-Dominion Bank (TD) reported trailing twelve-month net income of $14.91B, reflecting +144.9% year-over-year growth. The company earned $12.17 per diluted share over the past four quarters, with a net profit margin of 17.7%.
Looking at the long-term picture, TD's 5-year EPS compound annual growth rate (CAGR) stands at +12.4%, showing solid earnings momentum. The company achieved its highest annual net income of $20.54B in fiscal 2025, representing a new all-time high.
The Toronto-Dominion Bank maintains industry-leading profitability with a gross margin of 49.0%, operating margin of 20.7%, and net margin of 17.7%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including BMO ($9.73B net income, 11.1% margin), BNS ($9.55B net income, 10.6% margin), RY ($22.14B net income, 14.8% margin), TD has outperformed on profitability metrics. Compare TD vs BMO →
TD Earnings vs Peers
Earnings metrics vs comparable public companies
TD Historical Earnings Data (1995–2025)
31 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $20.54B | +132.3% | $23.95B | $11.56 | 17.7% | 20.7% |
| 2024 | $8.84B | -16.9% | $11.53B | $4.72 | 7.4% | 9.7% |
| 2023 | $10.63B | -39.0% | $13.75B | $5.52 | 10.4% | 13.4% |
| 2022 | $17.43B | +21.9% | $21.41B | $9.47 | 29.3% | 36.0% |
| 2021 | $14.30B | +20.2% | $17.13B | $7.72 | 30.0% | 35.9% |
| 2020 | $11.89B | +1.9% | $11.91B | $6.43 | 21.8% | 21.8% |
| 2019 | $11.67B | +3.6% | $13.23B | $6.25 | 19.8% | 22.5% |
| 2018 | $11.26B | +8.3% | $13.77B | $6.01 | 21.4% | 26.1% |
| 2017 | $10.40B | +17.9% | $12.32B | $5.50 | 23.2% | 27.5% |
| 2016 | $8.82B | +11.5% | $10.65B | $4.67 | 21.7% | 26.2% |
| 2015 | $7.91B | +1.7% | $9.17B | $4.21 | 21.3% | 24.6% |
| 2014 | $7.78B | +19.0% | $9.07B | $4.14 | 21.6% | 25.2% |
| 2013 | $6.54B | +2.8% | $7.50B | $3.44 | 19.8% | 22.7% |
| 2012 | $6.36B | +7.0% | $7.31B | $3.38 | 19.6% | 22.5% |
| 2011 | $5.94B | +27.9% | $7.13B | $3.21 | 19.3% | 23.2% |
| 2010 | $4.64B | +48.8% | $5.78B | $2.55 | 18.5% | 23.0% |
| 2009 | $3.12B | -18.6% | $3.17B | $1.74 | 12.3% | 12.4% |
| 2008 | $3.83B | -4.1% | $4.10B | $2.44 | 15.0% | 16.1% |
| 2007 | $4.00B | -13.2% | $4.66B | $2.74 | 16.1% | 18.8% |
| 2006 | $4.60B | +106.5% | $5.53B | $3.17 | 20.7% | 24.9% |
| 2005 | $2.23B | -0.1% | $3.06B | $1.60 | 12.1% | 16.6% |
| 2004 | $2.23B | +107.4% | $3.04B | $1.70 | 14.1% | 19.2% |
| 2003 | $1.08B | +1706.6% | $1.40B | $0.76 | 6.9% | 8.9% |
| 2002 | -$67M | -104.8% | -$512M | $-0.12 | -0.4% | -3.1% |
| 2001 | $1.38B | +34.9% | $1.23B | $1.03 | 6.6% | 5.9% |
| 2000 | $1.02B | -65.6% | $1.33B | $0.78 | 5.1% | 6.6% |
| 1999 | $2.98B | +165.9% | $4.08B | $2.45 | 19.0% | 26.0% |
| 1998 | $1.12B | +3.0% | $1.73B | $0.91 | 8.5% | 13.1% |
| 1997 | $1.09B | +19.0% | $1.73B | $0.89 | 10.4% | 16.5% |
| 1996 | $914M | +15.1% | $1.41B | $0.74 | 10.1% | 15.5% |
| 1995 | $794M | - | $1.25B | $0.62 | 9.1% | 14.3% |
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TD — Frequently Asked Questions
Quick answers to the most common questions about buying TD stock.
What is TD earnings per share (EPS)?
TD trailing twelve-month (TTM) diluted EPS is $12.17, reflecting +144.9% year-over-year growth. The 5-year EPS CAGR is +12.4%. Complete EPS history from 1995 to 2025 is available in the table on this page.
What is The Toronto-Dominion Bank's net income?
The Toronto-Dominion Bank (TD) trailing twelve-month net income is $14.9B as of 2025. Earnings grew +144.9% year-over-year. The Toronto-Dominion Bank has been profitable for 23 consecutive years.
Is TD profitable?
Yes, TD is profitable with a TTM net income of $14.9B and a net profit margin of +17.7%. The Toronto-Dominion Bank has generated profits for 23 consecutive years.
What is TD's earnings growth rate?
TD compound annual EPS growth rates (CAGR): 1-Year: +144.9%, 3-Year: +6.9%, 5-Year: +12.4%, 10-Year: +10.6%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1995 to 2025.
What are TD's profit margins?
The Toronto-Dominion Bank net profit margin is +17.7%, operating margin is +20.7%, and gross margin is +49.0%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +16.9%.
Is TD growing earnings?
Yes, TD earnings are accelerating — EPS growth of +144.9% exceeds the 5-year CAGR of +12.4%. TTM net income reached $14.9B. Earnings momentum is strengthening.
What was TD's best earnings year?
The Toronto-Dominion Bank's highest annual net income on record is $20.5B, achieved in fiscal year 2025. Earnings history on this page spans 1995 to 2025 and includes all annual and quarterly figures.
What were TD's earnings last quarter?
TD's most recent reported quarter was Q2 2026. Net income was $4.2B with diluted EPS of $2.43. For a full breakdown of all quarters, see the quarterly earnings table on this page.