Bank of Nova Scotia
NYSE: BNS · FINANCIAL SERVICES · BANKS - DIVERSIFIED
Updated 2026-06-05
Bank of Nova Scotia (BNS) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2012 | 2013 | 2014 | 2015 | 2015 | 2015 | 2016 | 2016 | 2016 | 2017 | 2017 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $668.04B | $743.79B | $805.67B | $81.78B | $856.50B | $787.47B | $84.71B | $896.27B | $814.95B | $82.33B | $915.27B | $851.73B | $998.49B | $1.09T | $1.14T | $1.18T | $1.35T | $1.41T | $1.41T | $1.46T |
| Cash & equivalents | $67.19B | $53.34B | $56.73B | $703.00M | $73.93B | $54.08B | $983.00M | $46.34B | $77.36B | $1.90B | $59.66B | $80.39B | $62.27B | $46.72B | $76.46B | $86.32B | $65.89B | $90.31B | $63.86B | $65.97B |
| Current assets | $88.77B | $80.61B | $77.67B | $8.95B | $101.93B | — | $9.07B | $81.29B | — | $16.97B | $110.78B | — | $118.16B | $89.25B | $125.20B | $129.13B | $132.69B | $154.84B | $121.25B | $123.06B |
| Total liabilities | $626.66B | $697.24B | $756.46B | $64.02B | $803.02B | $712.28B | $65.22B | $838.45B | $738.90B | $56.86B | $853.65B | $774.34B | $930.81B | $1.02T | $1.07T | $1.11T | $1.27T | $1.33T | $1.33T | $1.37T |
| Current liabilities | $27.47B | $8.06B | $7.48B | $10.95B | $122.08B | — | $11.10B | $105.12B | — | $13.14B | $102.48B | — | $102.76B | $122.72B | $65.61B | $92.90B | $142.67B | $649.64B | $722.10B | $1.07T |
| Long-term debt | $11.51B | $6.22B | $4.32B | $36.59B | $6.18B | $282.22B | $38.04B | $7.63B | $293.91B | $30.40B | $5.93B | $323.88B | $5.70B | $7.25B | $7.41B | $6.33B | $177.43B | $190.68B | $194.31B | $199.57B |
| Shareholder equity | $39.64B | $44.65B | $47.90B | $17.76B | $53.48B | $75.18B | $19.48B | $57.82B | $76.05B | $25.47B | $61.63B | $77.39B | $67.68B | $70.19B | $70.50B | $70.80B | $73.22B | $76.93B | $82.37B | $86.87B |
| Retained earnings | $21.98B | $25.32B | $28.61B | $22.07B | $31.32B | $49.20B | $23.43B | $34.75B | $53.68B | $28.24B | $38.12B | $57.58B | $41.41B | $44.44B | $46.34B | $51.35B | $53.76B | $55.75B | $57.75B | $58.92B |
| Accounts receivable | $6.00B | $4.81B | $4.65B | $4.21B | $4.80B | $45.41B | $3.55B | $5.26B | $46.46B | $3.88B | $5.20B | $56.19B | $7.47B | $7.78B | $8.71B | $9.07B | $13.38B | $14.01B | $13.09B | $14.96B |
| Inventory | $74.68B | $80.72B | $84.64B | $505.00M | $46.95M | — | $628.00M | $-270.96B | — | $504.00M | $-276.50B | — | $-291.66B | $-328.48B | $-336.13B | $-388.41B | $-429.50B | $-475.37B | — | — |
| Goodwill | $5.24B | $6.87B | $6.91B | $7.64B | $7.01B | $6.58B | $7.64B | $7.38B | $6.58B | $7.62B | $7.24B | $6.60B | $10.01B | $9.63B | $9.28B | $8.85B | $8.87B | $9.18B | $8.96B | $8.59B |
Frequently asked questions
What is Bank of Nova Scotia's revenue?
Bank of Nova Scotia's trailing twelve-month revenue is $34.22B, and consensus projects about $47.50B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is BNS?
In its most recent fiscal year, BNS ran a gross margin of 44.25%, an operating margin of 14.36%, and a net margin of 10.64%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does BNS generate?
BNS produced $5.06B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is BNS's balance sheet healthy?
BNS holds $65.97B in cash and equivalents against $199.57B in long-term debt, on $86.87B of shareholder equity. That debt is best read against the cash flow the business throws off each year.