Bank Of Nova Scotia (BNS) Deferred Taxes (2015 - 2026)
Bank Of Nova Scotia (BNS) posted quarterly Deferred Taxes of $628.3 million for Q1 2026, up 22.86% year-over-year from $511.4 million in Q1 2025, and down 4.22% quarter-over-quarter from $656.0 million in Q4 2025.
Bank Of Nova Scotia (BNS) Deferred Taxes (2015 - 2026) Analysis & Trends
Bank Of Nova Scotia (BNS) has reported Deferred Taxes for 12 consecutive years, with $628.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Deferred Taxes rose 22.86% year-over-year to $628.3 million; the TTM figure through Jan 2026 stood at $2.3 billion (up 29.71% YoY), while the FY2025 annual figure was $2.0 billion, up 31.58% from the prior year.
- Deferred Taxes fell to $628.3 million in Q1 2026 per BNS's latest filing, from $656.0 million in the prior quarter.
- Across five years, Deferred Taxes topped out at $819.2 million in Q1 2023 and bottomed at $135.0 million in Q4 2023.
- Historically, Deferred Taxes has averaged $492.0 million across 5 years, with a median of $475.0 million in 2022.
- Annual changes were most pronounced in 2023 — Deferred Taxes tumbled 71.58% — and 2024, when it jumped 278.52%.
- Bank Of Nova Scotia's Deferred Taxes stood at $475.0 million in 2022, then sank by 71.58% to $135.0 million in 2023, then surged by 278.52% to $511.0 million in 2024, then increased by 28.38% to $656.0 million in 2025, then fell by 4.22% to $628.3 million in 2026.
- Business Quant data shows BNS's Deferred Taxes at $628.3 million in Q1 2026, $656.0 million in Q4 2025, and $603.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 440.12 Bn | -148.37 Bn | 30.39 Bn | 511.00 Mn |
| 2 | Hsbc Holdings | 355.59 Bn | 355.59 Bn | - | - |
| 3 | Royal Bank Of Canada | 287.39 Bn | 88.46 Bn | - | 149.88 Mn |
| 4 | Wells Fargo & Company | 254.36 Bn | 50.39 Bn | - | 865.00 Mn |
| 5 | Mitsubishi Ufj Financial | 251.30 Bn | -142.31 Bn | 10.89 Bn | - |
| 6 | Citigroup | 222.20 Bn | -2,080.11 Bn | 24.75 Bn | - |
| 7 | Banco Santander | 209.76 Bn | 30.11 Bn | - | - |
| 8 | Toronto Dominion Bank | 194.65 Bn | 20.16 Bn | - | -200.61 Mn |
| 9 | UBS Group AG | 166.94 Bn | -48.77 Bn | - | - |
| 10 | Bank Of Nova Scotia | 107.94 Bn | -56.40 Bn | - | 628.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 628.34 Mn |
| Oct 31, 2025 | 656.00 Mn |
| Jul 31, 2025 | 603.33 Mn |
| Apr 30, 2025 | 379.47 Mn |
| Jan 31, 2025 | 511.41 Mn |
| Oct 31, 2024 | 511.00 Mn |
| Jul 31, 2024 | 329.37 Mn |
| Apr 30, 2024 | 396.05 Mn |
| Jan 31, 2024 | 394.27 Mn |
| Oct 31, 2023 | 135.00 Mn |
| Jul 31, 2023 | 372.35 Mn |
| Apr 30, 2023 | 357.70 Mn |
| Jan 31, 2023 | 819.24 Mn |
| Oct 31, 2022 | 475.00 Mn |
| Jul 31, 2022 | 468.07 Mn |
| Apr 30, 2022 | 645.07 Mn |
| Jan 31, 2022 | 682.63 Mn |
| Oct 31, 2021 | 689.00 Mn |
| Jul 31, 2021 | 600.72 Mn |
| Apr 30, 2021 | 589.37 Mn |