Toronto Dominion Bank (TD) Net Margin (2009 - 2026)
Toronto Dominion Bank (TD) reported Net Margin of 26.78% for fiscal Q3 2026 (quarter ended Jul 31, 2026), up 5.54 percentage points from 21.23% a year earlier and up 1.14 percentage points from the prior quarter.
Toronto Dominion Bank (TD) Net Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jul 31, 2026, Toronto Dominion Bank's Net Margin came in at 24.09%, down 0.25 percentage points year-over-year; for FY2025 (ended Oct 31, 2025), it was 29.47%, up 14.94 percentage points from FY2024.
- Net Margin has a five-year change of -4.33 percentage points (FY2020 to FY2025).
- By fiscal year, Net Margin came in at 14.53% in FY2024 (-5.34 pp), 19.87% in FY2023 (-15.15 pp), 35.02% in FY2022 (+1.29 pp) and 33.73% in FY2021.
- The fiscal Q3 2026 figure ranks as the highest quarterly Net Margin since fiscal Q2 2025.
- Year over year, Net Margin gained in five of the last eight quarters, with an average year-over-year change of +5.02 percentage points.
- The high point for year-over-year Net Margin in five years was fiscal Q2 2025 (a gain of 30.47 percentage points); the low point was fiscal Q3 2024 (a drop of 23.50 percentage points).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 25.63% (Q2 2026), 23.77% (Q1 2026) and 19.94% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 879.54 Bn | 909.01 Bn | - | 36.19% |
| 2 | Banco Santander Chile | 418.48 Bn | 538.42 Bn | - | - |
| 3 | Bank Of America | 381.92 Bn | -1,994.15 Bn | - | 27.72% |
| 4 | Hsbc Holdings | 341.10 Bn | 341.15 Bn | - | - |
| 5 | Morgan Stanley | 295.71 Bn | -213.38 Bn | - | 25.46% |
| 6 | Royal Bank Of Canada | 275.38 Bn | 126.13 Bn | - | 32.50% |
| 7 | Mitsubishi Ufj Financial | 273.79 Bn | -1,314.70 Bn | 10.89 Bn | - |
| 8 | Goldman Sachs | 262.78 Bn | -3,294.34 Bn | - | 31.46% |
| 9 | Wells Fargo & Company | 242.61 Bn | 244.75 Bn | - | 27.23% |
| 10 | Toronto Dominion Bank | 198.58 Bn | -473.92 Bn | - | 26.78% |
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 | 11.30% |
| 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 | 34.76% |
Toronto Dominion Bank Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=TD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "TD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=TD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();