Toronto Dominion Bank (TD) Net Margin (2009 - 2026)
Toronto Dominion Bank's (TD) quarterly Net Margin came in at 26.78% in Q3 2026, up 554.0% on a YoY basis from 4.09% in Q3 2025, and up 4.46% quarter-over-quarter from 25.63% in Q2 2026.
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Toronto Dominion Bank (TD) Net Margin (2009 - 2026) Analysis & Trends
Toronto Dominion Bank (TD) has reported Net Margin for 18 consecutive years, with 26.78% the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Net Margin rose 554.0% year-over-year to 26.78%; the trailing twelve-month figure through Jul 2026 stood at 24.09% (up 361.0% YoY), and the FY2025 full-year result was 29.47%, up 1494.0% from the prior year.
- Net Margin advanced to 26.78% in Q3 2026 per TD's latest filing, from 25.63% in the prior quarter.
- Across five years, Net Margin topped out at 47.65% in Q2 2025 and bottomed at 1.76% in Q3 2024.
- Historically, Net Margin has averaged 22.9% across 5 years, with a median of 21.48% in 2023.
- The sharpest annual moves came in 2025 and 2026: Net Margin surged 3047 bps in 2025, then slumped 2202 bps in 2026.
- Over 5 years, Net Margin stood at 42.18% in 2022, then plunged by 51 bps to 20.5% in 2023, then slumped by 63 bps to 7.53% in 2024, then surged by 165 bps to 19.94% in 2025, then jumped by 34 bps to 26.78% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 26.78%, 25.63%, and 23.77% for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 2,119.43 Bn | 1,530.93 Bn | 30.39 Bn | 27.72% |
| 2 | Morgan Stanley | 333.04 Bn | 172.90 Bn | - | 25.46% |
| 3 | Goldman Sachs | 306.41 Bn | -669.93 Bn | - | 31.46% |
| 4 | Mitsubishi Ufj Financial | 296.69 Bn | -87.63 Bn | 10.89 Bn | - |
| 5 | Royal Bank Of Canada | 290.66 Bn | 63.78 Bn | - | 32.48% |
| 6 | Wells Fargo & Company | 271.56 Bn | 67.59 Bn | - | 27.23% |
| 7 | American Express | 217.47 Bn | 168.15 Bn | 17.99 Bn | 15.84% |
| 8 | Banco Santander | 214.76 Bn | 222.37 Bn | 28.01 Bn | 11.41% |
| 9 | Toronto Dominion Bank | 205.46 Bn | 44.13 Bn | - | 26.78% |
| 10 | Schwab Charles | 185.45 Bn | 111.85 Bn | - | 37.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 26.78% |
| Apr 30, 2026 | 25.63% |
| Jan 31, 2026 | 23.77% |
| Oct 31, 2025 | 19.94% |
| Jul 31, 2025 | 21.23% |
| Apr 30, 2025 | 47.65% |
| Jan 31, 2025 | 19.27% |
| Oct 31, 2024 | 7.53% |
| Jul 31, 2024 | 1.76% |
| Apr 30, 2024 | 17.18% |
| Jan 31, 2024 | 20.05% |
| Oct 31, 2023 | 20.50% |
| Jul 31, 2023 | 21.74% |
| Apr 30, 2023 | 24.97% |
| Jan 31, 2023 | 12.28% |
| Oct 31, 2022 | 42.18% |
| Jun 30, 2022 | 32.44% |
| Mar 31, 2022 | 27.35% |
| Dec 31, 2021 | 30.79% |
| Oct 31, 2021 | 33.98% |