Toronto Dominion Bank
NYSE: TD · FINANCIAL SERVICES · BANKS - DIVERSIFIED
Updated 2026-06-05
Toronto Dominion Bank (TD) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $22.22B | $4.60B | 56.76% | 24.87% | 20.72% |
| 2007 | $24.81B | $4.00B | 53.36% | 18.78% | 16.11% |
| 2008 | $25.47B | $3.83B | 52.43% | 16.11% | 15.05% |
| 2009 | $25.46B | $3.12B | 60.56% | 12.45% | 12.26% |
| 2010 | $25.11B | $4.64B | 70.26% | 23.00% | 18.49% |
| 2011 | $30.77B | $5.94B | 71.60% | 23.16% | 19.31% |
| 2012 | $32.46B | $6.36B | 72.25% | 22.52% | 19.58% |
| 2013 | $33.01B | $6.54B | 75.24% | 22.73% | 19.80% |
| 2014 | $35.98B | $7.78B | 78.04% | 25.22% | 21.61% |
| 2015 | $37.21B | $7.91B | 79.07% | 24.65% | 21.26% |
| 2016 | $40.64B | $8.82B | 77.93% | 26.20% | 21.71% |
| 2017 | $44.83B | $10.40B | 75.01% | 27.49% | 23.19% |
| 2018 | $52.72B | $11.26B | 68.39% | 26.13% | 21.36% |
| 2019 | $58.85B | $11.67B | 64.06% | 22.48% | 19.83% |
| 2020 | $54.62B | $11.89B | 65.99% | 21.81% | 21.78% |
| 2021 | $47.72B | $14.30B | 89.05% | 35.91% | 29.96% |
| 2022 | $59.44B | $17.43B | 75.19% | 36.03% | 29.32% |
| 2023 | $102.25B | $10.63B | 47.52% | 13.45% | 10.40% |
| 2024 | $119.17B | $8.84B | 43.64% | 9.68% | 7.42% |
| 2025 | $115.84B | $20.54B | 49.01% | 20.67% | 17.73% |
Frequently asked questions
What is Toronto Dominion Bank's revenue?
Toronto Dominion Bank's trailing twelve-month revenue is $59.18B, and consensus projects about $73.60B 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 TD?
In its most recent fiscal year, TD ran a gross margin of 49.01%, an operating margin of 20.67%, and a net margin of 17.73%. 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 TD generate?
TD produced $-71.79B 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 TD's balance sheet healthy?
TD holds $116.93B in cash and equivalents against $47.27B in long-term debt, on $127.83B of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.