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Toronto Dominion Bank (TD) Financials

Toronto Dominion Bank logo
$72.50 -0.38 (-0.52%)
Closing price 08/1/2025 03:59 PM Eastern
Extended Trading
$72.50 0.00 (0.00%)
As of 08/1/2025 07:58 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Toronto Dominion Bank

Annual Income Statements for Toronto Dominion Bank

This table shows Toronto Dominion Bank's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 10/31/2016 10/31/2017 10/31/2018 10/31/2019 10/31/2020 10/31/2021 10/31/2022 10/31/2023 10/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 6,482 7,930 8,396 8,687 8,729 11,333 12,589 6,634 5,462
Consolidated Net Income / (Loss)		 6,674 8,175 8,613 8,892 8,930 11,533 12,779 7,662 6,343
Net Income / (Loss) Continuing Operations		 7,408 7,826 8,049 7,985 8,079 10,900 12,589 7,040 5,839
Total Pre-Tax Income 		7,951 9,577 10,467 10,067 8,944 13,821 14,975 9,287 7,770
Total Revenue		 25,628 28,139 29,556 31,248 32,765 34,438 24,064 36,525 41,052
Net Interest Income / (Expense)		 14,879 16,204 16,901 18,127 18,390 19,465 14,599 21,577 21,861
Total Interest Income		 19,836 23,188 27,679 31,917 26,900 23,861 24,628 49,622 56,960
Loans and Leases Interest Income		 16,244 18,393 21,119 24,251 21,273 19,326 20,325 32,078 38,508
Investment Securities Interest Income		 2,742 3,572 5,080 5,969 4,078 3,002 4,303 13,712 14,560
Deposits and Money Market Investments Interest Income		 168 347 542 520 263 248 - 3,832 3,893
Total Interest Expense		 4,957 6,984 10,779 13,791 8,510 4,396 10,029 36,554 45,137
Deposits Interest Expense		 3,553 5,142 7,971 10,449 6,341 3,018 7,147 27,634 33,618
Long-Term Debt Interest Expense		 1,403 1,842 2,807 3,341 2,169 1,378 898 1,654 1,962
Federal Funds Purchased and Securities Sold Interest Expense		 - - - - - - 1,984 7,265 9,557
Total Non-Interest Income		 10,748 11,935 12,656 13,122 14,375 14,973 9,466 14,949 19,191
Other Service Charges		 4,430 4,793 5,208 5,202 5,803 5,802 7,836 5,218 5,360
Net Realized & Unrealized Capital Gains on Investments		 25 -98 -45 65 71 - - 1,649 1,701
Investment Banking Income		 3,094 3,507 3,582 3,707 4,010 4,984 - 4,626 5,309
Other Non-Interest Income		 3,199 3,733 3,910 4,147 4,491 4,186 1,630 2,676 2,822
Provision for Credit Losses		 1,740 1,722 1,885 2,305 5,437 -181 782 2,113 3,051
Total Non-Interest Expense		 14,098 15,094 15,347 16,756 16,218 18,614 8,307 21,512 25,463
Salaries and Employee Benefits		 6,944 7,787 7,886 8,565 8,928 9,985 9,820 11,351 12,004
Marketing Expense		 555 564 610 915 891 970 993 1,046 1,088
Other Operating Expenses		 4,016 4,029 4,019 4,011 3,077 4,205 -5,558 -265 -1,118
Depreciation Expense		 2,068 2,165 2,157 2,523 2,721 2,885 2,612 2,959 3,310
Amortization Expense		 -529 547 619 609 613 569 439 484 504
Restructuring Charge		 -13 1.55 55 133 -12 - 0.00 262 406
Income Tax Expense		 1,600 1,751 2,418 2,081 865 2,921 2,923 2,247 1,931
Preferred Stock Dividends Declared		 105 150 163 - 200 201 - 406 377
Basic Earnings per Share		 $4.68 $5.51 $4.58 $6.26 $6.43 $7.73 - $3.98 $3.39
Weighted Average Basic Shares Outstanding		 - - 1.83B 1.81B 1.82B 1.82B 1.82B 1.79B 1.75B
Diluted Earnings per Share		 $4.67 $5.50 $4.57 $6.25 $6.43 $7.72 - $3.98 $3.39
Weighted Average Diluted Shares Outstanding		 - - 1.83B 1.81B 1.82B 1.82B 1.82B 1.79B 1.75B
Weighted Average Basic & Diluted Shares Outstanding		 - - 1.83B 1.81B 1.82B 1.82B 1.82B 1.79B 1.75B
Cash Dividends to Common per Share		 $2.16 $2.35 $1.98 $2.89 $3.11 $3.16 - $2.77 $2.93

Quarterly Income Statements for Toronto Dominion Bank

No quarterly income statements for Toronto Dominion Bank are available.

Annual Cash Flow Statements for Toronto Dominion Bank

This table details how cash moves in and out of Toronto Dominion Bank's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 10/31/2016 10/31/2017 10/31/2018 10/31/2019 10/31/2020 10/31/2021 10/31/2022 10/31/2023 10/31/2024
Net Change in Cash & Equivalents		 562 21,789 581 97 1,188 -415 1,925 -1,322 -204
Net Cash From Operating Activities		 27,932 39,117 4,326 632 172,367 40,436 28,557 -47,054 39,412
Net Cash From Continuing Operating Activities		 27,932 39,117 3,187 632 172,367 40,436 28,557 -47,054 39,412
Net Income / (Loss) Continuing Operations		 8,274 -9,926 -11,032 8,892 8,930 11,533 12,779 7,662 6,343
Consolidated Net Income / (Loss)		 8,274 9,926 -11,032 8,892 8,930 11,533 12,779 7,662 6,343
Provision For Loan Losses		 - 1,722 - - - -181 782 2,113 3,051
Depreciation Expense		 470 - 438 460 994 1,097 856 893 951
Amortization Expense		 529 547 619 609 613 569 439 484 504
Non-Cash Adjustments to Reconcile Net Income		 1,176 19,909 2,014 2,201 4,526 -669 -1,436 -944 -929
Changes in Operating Assets and Liabilities, net		 17,483 26,864 11,147 -11,531 157,304 28,086 15,137 -57,263 29,493
Net Cash From Investing Activities		 -27,224 -16,432 1,177 3,764 -167,646 -36,515 -23,385 54,926 -32,586
Net Cash From Continuing Investing Activities		 -27,224 -16,432 1,177 3,764 -167,646 -36,515 -23,385 54,926 -32,586
Purchase of Property, Leasehold Improvements and Equipment		 -595 - -446 -1,054 -947 -911 -1,066 -1,329 -1,562
Purchase of Investment Securities		 -63,198 -64,993 -39,113 -53,975 -251,889 -141,713 -110,155 -7,117 -89,677
Divestitures		 0.00 -1,655 0.00 -411 0.00 -1,499 1,818 -450 2,456
Sale and/or Maturity of Investments		 36,570 50,303 40,736 59,204 85,190 107,607 86,018 63,821 56,197
Net Cash From Financing Activities		 -184 -5,468 -4,960 -4,301 -3,563 -4,062 -3,533 -9,257 -7,040
Net Cash From Continuing Financing Activities		 -184 -822 -4,960 -4,301 -3,563 -4,062 -6,412 -8,468 -6,655
Issuance of Debt		 2,436 - 1,330 1,331 2,252 - - 0.00 2,385
Issuance of Common Equity		 114 - 97 80 51 117 79 53 72
Repayment of Debt		 -731 -1,971 -1,876 18 -2,347 -444 4.40 -1,236 -1,108
Repurchase of Common Equity		 -364 -1,086 -1,141 -1,701 -636 0.00 -1,609 -3,088 -2,867
Payment of Dividends		 -2,930 - -3,576 -3,933 -2,748 -4,481 -4,887 -4,197 -5,137
Effect of Exchange Rate Changes		 38 -73 37 2.28 30 -273 286 63 10
Cash Interest Paid		 4,898 - - 13,707 8,698 4,741 9,182 34,716 44,321
Cash Interest Received		 19,102 22,069 - 30,637 25,721 22,689 27,599 55,228 65,294
Cash Income Taxes Paid		 883 1,902 - 2,731 1,715 3,284 3,229 2,188 2,735

Quarterly Cash Flow Statements for Toronto Dominion Bank

No quarterly cash flow statements for Toronto Dominion Bank are available.

Annual Balance Sheets for Toronto Dominion Bank

This table presents Toronto Dominion Bank's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 10/31/2017 10/31/2018 10/31/2019 10/31/2020 10/31/2021 10/31/2022 10/31/2023 10/31/2024
Total Assets		 994,124 1,014,472 1,076,962 1,288,105 1,394,428 1,405,915 1,408,805 1,479,124
Cash and Due from Banks		 3,087 3,598 3,700 4,838 4,784 6,273 4,843 4,618
Restricted Cash		 13,444 13,122 10,268 11,216 14,881 14,468 12,660 0.00
Interest Bearing Deposits at Other Banks		 39,785 122,597 19,467 200,763 192,811 100,663 70,866 121,910
Time Deposits Placed and Other Short-Term Investments		 3,134 5,801 8,023 9,975 11,256 11,720 9,481 8,814
Trading Account Securities		 398,208 318,760 458,418 449,972 514,834 601,375 592,078 593,701
Loans and Leases, Net of Allowance		 476,148 491,232 520,951 538,647 582,901 609,314 645,588 681,217
Loans and Leases		 479,089 493,929 524,335 544,869 588,055 614,030 650,730 687,024
Allowance for Loan and Lease Losses		 2,940 2,697 3,384 6,223 5,154 4,716 5,142 5,807
Accrued Investment Income		 29,346 26,891 22,746 34,626 35,064 20,418 21,917 15,866
Premises and Equipment, Net		 4,130 4,046 4,195 7,609 7,406 6,892 6,798 7,057
Deferred Acquisition Cost		 - - 0.00 - - 5,930 6,418 6,474
Goodwill		 12,558 12,567 12,918 12,873 13,093 12,945 13,404 13,524
Intangible Assets		 2,035 1,869 1,905 1,595 1,713 1,689 1,997 2,184
Other Assets		 12,251 13,989 14,371 15,990 24,648 20,159 22,755 23,759
Total Liabilities & Shareholders' Equity		 994,124 1,014,472 1,076,962 1,288,105 1,394,428 1,405,915 1,408,805 1,479,124
Total Liabilities		 935,681 953,645 1,010,226 1,216,413 1,313,910 1,324,250 1,328,050 1,396,507
Non-Interest Bearing Deposits		 709,464 734,229 695,402 866,694 926,043 919,257 885,697 931,984
Federal Funds Purchased and Securities Sold		 116,804 113,291 134,495 190,307 162,827 132,637 162,025 187,375
Short-Term Debt		 27,579 30,002 22,567 26,274 34,189 33,364 32,181 28,349
Bankers Acceptance Outstanding		 13,444 13,124 10,268 11,216 14,881 14,468 12,660 0.00
Long-Term Debt		 - - 79,999 - - 119,353 138,442 149,160
Separate Account Business Liabilities		 7,406 6,642 8,161 8,616 9,059 8,278 6,932 8,231
Other Long-Term Liabilities		 55,718 51,267 54,069 107,609 160,719 91,418 85,901 86,266
Total Equity & Noncontrolling Interests		 58,443 60,827 66,736 71,691 80,518 81,665 80,754 82,617
Total Preferred & Common Equity		 57,679 60,073 66,736 71,691 80,518 81,665 80,754 82,617
Preferred Stock		 19,961 19,927 20,936 4,241 23,204 26,113 26,147 26,014
Total Common Equity		 37,718 40,146 45,800 67,450 57,314 55,552 54,607 56,603
Common Stock		 166 147 119 16,972 140 131 112 146
Retained Earnings		 31,471 35,068 37,665 40,422 51,580 54,035 52,607 50,811
Treasury Stock		 -142 -115 -36 -31 -131 -72 -93 -25
Accumulated Other Comprehensive Income / (Loss)		 6,223 5,045 8,052 10,087 5,725 1,458 1,982 5,670

Quarterly Balance Sheets for Toronto Dominion Bank

This table presents Toronto Dominion Bank's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q4 2023 Q4 2024
Period end date 10/31/2022 10/31/2023 10/31/2024
Total Assets		 1,405,915 1,408,805 1,479,124
Cash and Due from Banks		 6,273 4,843 4,618
Restricted Cash		 14,468 12,660 0.00
Interest Bearing Deposits at Other Banks		 100,663 70,866 121,910
Time Deposits Placed and Other Short-Term Investments		 11,720 9,481 8,814
Trading Account Securities		 601,375 592,078 593,701
Loans and Leases, Net of Allowance		 609,314 645,588 681,217
Loans and Leases		 614,030 650,730 687,024
Allowance for Loan and Lease Losses		 4,716 5,142 5,807
Accrued Investment Income		 20,418 21,917 15,866
Premises and Equipment, Net		 6,892 6,798 7,057
Deferred Acquisition Cost		 5,930 6,418 6,474
Goodwill		 12,945 13,404 13,524
Intangible Assets		 1,689 1,997 2,184
Other Assets		 20,159 22,755 23,759
Total Liabilities & Shareholders' Equity		 1,405,915 1,408,805 1,479,124
Total Liabilities		 1,324,250 1,328,050 1,396,507
Non-Interest Bearing Deposits		 919,257 885,697 931,984
Federal Funds Purchased and Securities Sold		 132,637 162,025 187,375
Short-Term Debt		 33,364 32,181 28,349
Bankers Acceptance Outstanding		 14,468 12,660 0.00
Long-Term Debt		 119,353 138,442 149,160
Separate Account Business Liabilities		 8,278 6,932 8,231
Other Long-Term Liabilities		 91,418 85,901 86,266
Total Equity & Noncontrolling Interests		 81,665 80,754 82,617
Total Preferred & Common Equity		 81,665 80,754 82,617
Preferred Stock		 26,113 26,147 26,014
Total Common Equity		 55,552 54,607 56,603
Common Stock		 131 112 146
Retained Earnings		 54,035 52,607 50,811
Treasury Stock		 -72 -93 -25
Accumulated Other Comprehensive Income / (Loss)		 1,458 1,982 5,670

Annual Metrics And Ratios for Toronto Dominion Bank

This table displays calculated financial ratios and metrics derived from Toronto Dominion Bank's official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 10/31/2016 10/31/2017 10/31/2018 10/31/2019 10/31/2020 10/31/2021 10/31/2022 10/31/2023 10/31/2024
Growth Metrics		 - - - - - - - - -
Revenue Growth		 0.00% 9.80% 5.04% 5.72% 4.85% 5.11% -30.12% 51.78% 12.39%
EBITDA Growth		 0.00% 10.03% 12.74% -12.21% -4.06% 38.95% -7.93% -12.25% -1.99%
EBIT Growth		 0.00% 15.66% 8.85% -1.11% -8.84% 44.05% -6.44% -13.86% -2.80%
NOPAT Growth		 0.00% 18.33% 2.43% 2.01% 3.81% 25.77% -3.31% -42.32% -17.06%
Net Income Growth		 0.00% 22.49% 5.37% 3.24% 0.42% 29.16% 10.80% -40.04% -17.22%
EPS Growth		 0.00% 17.77% -16.96% 3.99% 2.88% 20.06% 0.00% 0.00% -14.87%
Operating Cash Flow Growth		 0.00% 40.04% -88.94% 105.18% 27,191.04% -76.54% -29.38% -264.77% 183.76%
Free Cash Flow Firm Growth		 0.00% 0.00% 106.08% 139.69% -87.73% -399.91% -2,509.00% 90.74% 70.78%
Invested Capital Growth		 0.00% 0.00% 5.59% -1.68% 9.70% 17.09% 104.33% 7.25% 3.48%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - -
EBITDA Margin		 42.10% 42.18% 45.27% 42.42% 38.81% 51.31% 67.61% 39.09% 34.08%
EBIT Margin		 38.20% 40.24% 41.70% 39.00% 33.91% 46.47% 62.23% 35.32% 30.54%
Profit (Net Income) Margin		 26.04% 29.05% 29.14% 28.46% 27.25% 33.49% 53.10% 20.98% 15.45%
Tax Burden Percent		 83.94% 85.36% 82.29% 88.34% 99.84% 83.45% 85.34% 82.51% 81.64%
Interest Burden Percent		 81.22% 84.58% 84.93% 82.60% 80.50% 86.36% 100.00% 71.99% 61.97%
Effective Tax Rate		 20.13% 18.29% 23.10% 20.67% 9.67% 21.13% 19.52% 24.19% 24.85%
Return on Invested Capital (ROIC)		 0.00% 21.51% 10.72% 10.73% 10.72% 11.87% 6.99% 2.90% 2.28%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 13.70% 7.72% 7.78% 6.19% 8.27% 7.61% 3.28% 2.57%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 6.46% 3.73% 3.21% 2.18% 3.28% 8.77% 6.54% 5.48%
Return on Equity (ROE)		 0.00% 27.97% 14.44% 13.94% 12.90% 15.15% 15.76% 9.44% 7.77%
Cash Return on Invested Capital (CROIC)		 0.00% -178.49% 5.28% 12.43% 1.47% -3.87% -61.57% -4.10% -1.14%
Operating Return on Assets (OROA)		 0.00% 1.14% 1.23% 1.17% 0.94% 1.19% 1.07% 0.92% 0.87%
Return on Assets (ROA)		 0.00% 0.82% 0.86% 0.85% 0.76% 0.86% 0.91% 0.54% 0.44%
Return on Common Equity (ROCE)		 0.00% 18.05% 9.43% 9.39% 10.56% 12.42% 10.97% 6.40% 5.29%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 14.17% 14.34% 13.32% 12.46% 14.32% 15.65% 9.49% 7.68%
Net Operating Profit after Tax (NOPAT)		 7,819 9,252 9,477 9,668 10,036 12,622 12,205 7,040 5,839
NOPAT Margin		 30.51% 32.88% 32.06% 30.94% 30.63% 36.65% 50.72% 19.27% 14.22%
Net Nonoperating Expense Percent (NNEP)		 0.00% 7.81% 3.00% 2.95% 4.53% 3.60% -0.61% -0.39% -0.29%
SG&A Expenses to Revenue		 29.26% 29.68% 28.75% 30.34% 29.97% 31.81% 44.94% 33.94% 31.89%
Operating Expenses to Revenue		 55.01% 53.64% 51.93% 53.62% 49.50% 54.05% 34.52% 58.90% 62.03%
Earnings before Interest and Taxes (EBIT)		 9,789 11,322 12,324 12,187 11,110 16,005 14,975 12,900 12,538
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 10,788 11,870 13,381 13,256 12,718 17,671 16,270 14,277 13,992
Valuation Ratios		 - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 1.90 1.04 2.08 1.96 1.77 1.75
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 2.80 1.32 2.81 2.66 2.47 2.42
Price to Revenue (P/Rev)		 0.00 0.00 0.00 2.78 2.14 3.47 4.52 2.65 2.41
Price to Earnings (P/E)		 0.00 0.00 0.00 9.99 8.02 10.54 8.63 14.59 18.13
Dividend Yield		 6.39% 5.36% 5.97% 6.09% 8.06% 4.80% 5.97% 5.35% 5.43%
Earnings Yield		 0.00% 0.00% 0.00% 10.01% 12.47% 9.49% 11.58% 6.85% 5.52%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.05 0.00 0.00 0.66 0.78 0.64
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.14 0.00 0.00 6.42 5.36 4.07
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.33 0.00 0.00 9.49 13.71 11.95
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.35 0.00 0.00 10.31 15.17 13.33
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.45 0.00 0.00 12.65 27.80 28.63
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 6.85 0.00 0.00 5.41 0.00 4.24
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.39 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - -
Debt to Equity		 0.00 0.47 0.49 0.34 0.37 0.42 1.87 2.11 2.15
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 1.46 1.71 1.81
Financial Leverage		 0.00 0.47 0.48 0.41 0.35 0.40 1.15 1.99 2.13
Leverage Ratio		 0.00 17.01 16.84 16.40 17.09 17.62 17.27 17.33 17.68
Compound Leverage Factor		 0.00 14.39 14.30 13.54 13.75 15.22 17.27 12.48 10.95
Debt to Total Capital		 0.00% 32.06% 33.03% 25.27% 26.82% 29.81% 65.16% 67.88% 68.24%
Short-Term Debt to Total Capital		 0.00% 32.06% 33.03% 25.27% 26.82% 29.81% 14.23% 12.80% 10.90%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 50.92% 55.07% 57.34%
Preferred Equity to Total Capital		 0.00% 23.20% 21.94% 23.44% 4.33% 20.23% 11.14% 10.40% 10.00%
Noncontrolling Interests to Total Capital		 0.00% 0.89% 0.83% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 43.85% 44.20% 51.29% 68.85% 49.97% 23.70% 21.72% 21.76%
Debt to EBITDA		 0.00 2.32 2.24 1.70 2.07 1.93 9.39 11.95 12.69
Net Debt to EBITDA		 0.00 -2.69 -8.60 -7.80 -15.77 -10.73 1.20 5.10 3.01
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 7.34 9.70 10.66
Debt to NOPAT		 0.00 2.98 3.17 2.33 2.62 2.71 12.51 24.24 30.40
Net Debt to NOPAT		 0.00 -3.44 -12.15 -10.70 -19.98 -15.02 1.61 10.34 7.22
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 9.78 19.67 25.55
Noncontrolling Interest Sharing Ratio		 0.00% 35.46% 34.72% 32.63% 18.19% 18.03% 30.41% 32.18% 31.93%
Liquidity Ratios		 - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -76,770 4,670 11,194 1,373 -4,119 -107,470 -9,956 -2,909
Operating Cash Flow to CapEx		 4,692.72% 0.00% 969.85% 59.93% 18,208.33% 4,440.12% 2,678.75% -3,541.32% 2,523.52%
Free Cash Flow to Firm to Interest Expense		 0.00 -10.99 0.43 0.81 0.16 -0.94 -10.72 -0.27 -0.06
Operating Cash Flow to Interest Expense		 5.64 5.60 0.40 0.05 20.25 9.20 2.85 -1.29 0.87
Operating Cash Flow Less CapEx to Interest Expense		 5.52 5.60 0.36 -0.03 20.14 8.99 2.74 -1.32 0.84
Efficiency Ratios		 - - - - - - - - -
Asset Turnover		 0.00 0.03 0.03 0.03 0.03 0.03 0.02 0.03 0.03
Fixed Asset Turnover		 0.00 6.81 7.23 7.58 5.55 4.59 3.37 5.34 5.93
Capital & Investment Metrics		 - - - - - - - - -
Invested Capital		 0.00 86,022 90,829 89,303 97,965 114,707 234,382 251,378 260,126
Invested Capital Turnover		 0.00 0.65 0.33 0.35 0.35 0.32 0.14 0.15 0.16
Increase / (Decrease) in Invested Capital		 0.00 86,022 4,807 -1,526 8,663 16,742 119,676 16,995 8,748
Enterprise Value (EV)		 0.00 0.00 0.00 4,325 -126,300 -46,876 154,389 195,707 167,193
Market Capitalization		 0.00 0.00 0.00 86,825 69,977 119,463 108,682 96,787 99,012
Book Value per Share		 $0.00 $0.00 $21.93 $25.02 $37.21 $31.56 $30.46 $29.98 $31.60
Tangible Book Value per Share		 $0.00 $0.00 $14.05 $16.92 $29.23 $23.41 $22.43 $21.52 $22.83
Total Capital		 0.00 86,022 90,829 89,303 97,965 114,707 234,382 251,378 260,126
Total Debt		 0.00 27,579 30,002 22,567 26,274 34,189 152,717 170,623 177,508
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 119,353 138,442 149,160
Net Debt		 0.00 -31,870 -115,116 -103,436 -200,519 -189,543 19,593 72,773 42,167
Capital Expenditures (CapEx)		 595 0.00 446 1,054 947 911 1,066 1,329 1,562
Net Nonoperating Expense (NNE)		 1,145 1,078 864 775 1,106 1,089 -574 -623 -504
Net Nonoperating Obligations (NNO)		 0.00 27,579 30,002 22,567 26,274 34,189 152,717 170,623 177,508
Total Depreciation and Amortization (D&A)		 999 547 1,057 1,069 1,607 1,667 1,295 1,377 1,454
Earnings Adjustments		 - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $6.02 $6.26 $6.43 $7.73 $9.48 $0.00 $3.39
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 1.83B 1.81B 1.82B 1.82B 1.82B 1.79B 1.75B
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $6.01 $6.25 $6.43 $7.72 $9.47 $0.00 $3.39
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 1.83B 1.81B 1.82B 1.82B 1.82B 1.79B 1.75B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 1.83B 1.81B 1.82B 1.82B 1.82B 1.79B 1.75B
Normalized Net Operating Profit after Tax (NOPAT)		 7,808 9,253 9,520 9,773 10,025 12,622 12,205 7,238 6,144
Normalized NOPAT Margin		 30.47% 32.88% 32.21% 31.28% 30.60% 36.65% 50.72% 19.82% 14.97%
Pre Tax Income Margin		 31.02% 34.03% 35.41% 32.21% 27.30% 40.13% 62.23% 25.43% 18.93%
Debt Service Ratios		 - - - - - - - - -
EBIT to Interest Expense		 1.98 1.62 1.14 0.88 1.31 3.64 1.49 0.35 0.28
NOPAT to Interest Expense		 1.58 1.32 0.88 0.70 1.18 2.87 1.22 0.19 0.13
EBIT Less CapEx to Interest Expense		 1.85 1.62 1.10 0.81 1.19 3.43 1.39 0.32 0.24
NOPAT Less CapEx to Interest Expense		 1.46 1.32 0.84 0.62 1.07 2.66 1.11 0.16 0.09
Payout Ratios		 - - - - - - - - -
Dividend Payout Ratio		 43.90% 0.00% 41.52% 44.22% 30.77% 38.85% 38.24% 54.78% 80.98%
Augmented Payout Ratio		 49.35% 13.28% 54.76% 63.35% 37.89% 38.85% 50.83% 95.07% 126.18%

Quarterly Metrics And Ratios for Toronto Dominion Bank

No quarterly metrics and ratios for Toronto Dominion Bank are available.

Key Financial Trends

Analyzing Toronto Dominion Bank's (NYSE: TD) balance sheet data spanning fiscal years 2022 through 2024 reveals key trends in the bank's financial position.

  • Total Assets Growth: The bank's total assets increased steadily from approximately $1.41 trillion in 2022 to about $1.48 trillion in 2024, signaling business expansion and asset accumulation.
  • Loans and Leases, Net of Allowance: Net loans and leases grew from roughly $609 billion in 2022 to $681 billion in 2024, indicating strong lending activity and revenue potential.
  • Increase in Trading Account Securities: Holdings in trading securities remained consistently high, around $593 billion to $601 billion, supporting liquidity and trading income.
  • Common Equity Growth: Total common equity increased from about $55.6 billion in 2022 to $56.6 billion in 2024, showing retained earnings and capital strength growth.
  • Allowance for Loan and Lease Losses Increasing Gradually: The allowance for credit losses rose from $4.7 billion to $5.8 billion over three years, reflecting prudent risk management amid loan growth.
  • Fluctuating Cash and Due from Banks: Cash on hand shows a decreasing trend from $6.3 billion in 2022 to $4.6 billion in 2024, suggesting possible shifts in liquidity management.
  • Interest Bearing Deposits Variation: Balances at other banks increased to $122 billion in 2024 from $100 billion in 2022, highlighting ongoing adjustments in short-term cash deployment.
  • Goodwill and Intangible Assets Increased Slightly: Goodwill rose from $12.9 billion to $13.5 billion while intangible assets grew from $1.7 billion to $2.2 billion, which may indicate acquisitions or investments in non-physical assets.
  • Accumulated Other Comprehensive Income (AOCI) Improvement: AOCI grew significantly from $1.46 billion in 2022 to $5.67 billion in 2024, which might reflect stronger unrealized gains or other comprehensive income components.
  • Increase in Long-Term Debt: Long-term debt rose steadily from $119 billion in 2022 to $149 billion in 2024, implying higher leverage which could raise financial risk if not managed carefully.
  • Non-Interest Bearing Deposits Growth: These deposits increased from $919 billion in 2022 to $932 billion in 2024. Although stable funding sources, strong growth here may pressure margins if interest-bearing assets are not growing proportionally.
  • Decline in Retained Earnings: Retained earnings declined slightly from $54 billion in 2022 to $50.8 billion in 2024, which could signal higher dividend payouts or lower net income retention.
  • Decrease in Treasury Stock (less negative): Treasury stock reduced its negative balance from -$71.9 million in 2022 to -$25.1 million in 2024, indicating more shares outstanding that could dilute existing shareholders.

Overall, Toronto Dominion Bank exhibits healthy asset growth, robust lending expansion, and capital strength improvements over the last three years, which bode well for its future prospects. However, rising long-term debt and modest declines in retained earnings warrant investor monitoring to ensure these trends do not pressure the bank’s financial stability.

08/03/25 10:44 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Toronto Dominion Bank's Financials

When does Toronto Dominion Bank's fiscal year end?

According to the most recent income statement we have on file, Toronto Dominion Bank's financial year ends in October. Their financial year 2024 ended on October 31, 2024.

How has Toronto Dominion Bank's net income changed over the last 8 years?

In the past 8 years, Toronto Dominion Bank's net income has ranged from $6.34 billion in 2024 to $12.78 billion in 2022, and is currently $6.34 billion as of their latest financial filing in 2024. Check out Toronto Dominion Bank's forecast to explore projected trends and price targets.

How has Toronto Dominion Bank's revenue changed over the last 8 years?

Over the last 8 years, Toronto Dominion Bank's total revenue changed from $25.63 billion in 2016 to $41.05 billion in 2024, a change of 60.2%.

How much debt does Toronto Dominion Bank have?

Toronto Dominion Bank's total liabilities were at $1.40 trillion at the end of 2024, a 5.2% increase from 2023, and a 49.3% increase since 2017.

How much cash does Toronto Dominion Bank have?

In the past 7 years, Toronto Dominion Bank's cash and equivalents has ranged from $3.09 billion in 2017 to $6.27 billion in 2022, and is currently $4.62 billion as of their latest financial filing in 2024.

How has Toronto Dominion Bank's book value per share changed over the last 8 years?

Over the last 8 years, Toronto Dominion Bank's book value per share changed from 0.00 in 2016 to 31.60 in 2024, a change of 3,159.7%.


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This page (NYSE:TD) was last updated on 8/3/2025 by MarketBeat.com Staff
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