Toronto Dominion Bank (TD) Net Margin (2009 - 2026)
Toronto Dominion Bank (TD) reported Net Margin of 25.63% for Q2 2026, down 2202.0% on a YoY basis from 1.22% in Q2 2025, and up 7.84% quarter-over-quarter from 23.77% in Q1 2026.
Toronto Dominion Bank (TD) Net Margin (2009 - 2026) Analysis & Trends
Toronto Dominion Bank has reported Net Margin for 18 years, with the latest figure at 25.63% in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 2202.0% year-over-year to 25.63%; the trailing twelve-month figure through Apr 2026 stood at 17.82% (down 265.0% YoY), and the FY2023 full-year result was 20.16%, down 1486.0% from the prior year.
- Net Margin for Q2 2026 stood at 25.63%, up from 23.77% in the prior quarter.
- The five-year high for Net Margin was 47.65% in Q2 2025, with the low at 1.76% in Q3 2024.
- Historically, Net Margin has averaged 24.57% across 5 years, with a median of 22.75% in 2023.
- Annual changes were most pronounced in 2025 — Net Margin jumped 3047 bps — and 2026, when it sank 2202 bps.
- Toronto Dominion Bank's Net Margin stood at 42.18% in 2022, then slumped by 51 bps to 20.5% in 2023, then sank by 91 bps to 1.76% in 2024, then surged by 1104 bps to 21.23% in 2025, then rose by 21 bps to 25.63% in 2026.
- The last three Net Margin figures came in at 25.63% (Q2 2026), 23.77% (Q1 2026), and 21.23% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Canadian Imperial Bank Of Commerce | 1,329,940,501.22 Bn | 1,329,940,501.43 Bn | - | 29.27% |
| 2 | Hsbc Holdings | 37,228.00 Bn | 37,228.45 Bn | - | 37.25% |
| 3 | Royal Bank Of Canada | 2,913.28 Bn | 2,841.72 Bn | - | 1.42% |
| 4 | Toronto Dominion Bank | 959.65 Bn | 952.85 Bn | - | 25.63% |
| 5 | Bank Of Montreal | 416.15 Bn | 416.15 Bn | - | 25.35% |
| 6 | Bank Of America | 390.60 Bn | -216.10 Bn | 29.24 Bn | 26.94% |
| 7 | Barclays | 379.37 Bn | -269.24 Bn | - | - |
| 8 | Mitsubishi Ufj Financial | 271.88 Bn | -414.40 Bn | 3.81 Bn | - |
| 9 | Wells Fargo & Company | 252.38 Bn | 177.30 Bn | - | 23.31% |
| 10 | Citigroup | 242.69 Bn | -1,942.31 Bn | 19.85 Bn | -0.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 25.63% |
| Jan 31, 2026 | 23.77% |
| Jul 31, 2025 | 21.23% |
| Apr 30, 2025 | 47.65% |
| Jan 31, 2025 | 19.27% |
| 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% |
| Jul 31, 2022 | 29.03% |
| Apr 30, 2022 | 33.25% |
| Jan 31, 2022 | 32.71% |
| Oct 31, 2021 | 33.98% |
| Jul 31, 2021 | 32.57% |
| Apr 30, 2021 | 35.49% |
| Jan 31, 2021 | 29.71% |