Toronto Dominion Bank TD
NYSE TD
$119.16 -1.36 (-1.13%)
As of: Sep 9, 2026 · 3:59 PM EDT

Toronto Dominion Bank (TD) Operating Expenses (2009 - 2026)

Toronto Dominion Bank's (TD) quarterly Operating Expenses came in at $6.1 billion in Q3 2026, down 2.0% on a YoY basis from $6.2 billion in Q3 2025, and little changed quarter-over-quarter from $6.1 billion in Q2 2026.

Analysis

Toronto Dominion Bank (TD) Operating Expenses (2009 - 2026) Analysis & Trends

Toronto Dominion Bank (TD) has reported Operating Expenses for 16 consecutive years, with $6.1 billion the latest figure, recorded in Q3 2026.

  • For the quarter ending Q3 2026, Operating Expenses fell 2.0% year-over-year to $6.1 billion; the trailing twelve-month figure through Jul 2026 stood at $24.8 billion (up 5.71% YoY), and the FY2025 full-year result was $24.2 billion, down 7.31% from the prior year.
  • Operating Expenses steadied at $6.1 billion in Q3 2026 per TD's latest filing, from $6.1 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $8.0 billion in Q3 2024 and bottomed at $4.9 billion in Q4 2022.
  • Historically, Operating Expenses has averaged $6.0 billion across 5 years, with a median of $6.0 billion in 2023.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses soared 45.87% in 2024, then dropped 22.88% in 2025.
  • Over 5 years, Operating Expenses stood at $4.9 billion in 2022, then gained by 17.98% to $5.8 billion in 2023, then grew by 1.4% to $5.9 billion in 2024, then advanced by 7.71% to $6.3 billion in 2025, then decreased by 4.27% to $6.1 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $6.1 billion, $6.1 billion, and $6.3 billion for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Bank Of America 2,145.36 Bn 1,556.87 Bn 30.39 Bn 18.63 Bn
2 Morgan Stanley 335.03 Bn 174.89 Bn - 13.90 Bn
3 Goldman Sachs 309.45 Bn -666.90 Bn - 11.67 Bn
4 Mitsubishi Ufj Financial 296.69 Bn -87.63 Bn 10.89 Bn 17.50 Bn
5 Royal Bank Of Canada 291.49 Bn 64.61 Bn - 7.02 Bn
6 Wells Fargo & Company 272.88 Bn 68.91 Bn - 13.66 Bn
7 American Express 218.59 Bn 169.28 Bn 17.99 Bn 14.48 Bn
8 Banco Santander 214.76 Bn 222.37 Bn 28.01 Bn -7.44 Bn
9 Toronto Dominion Bank 205.88 Bn 44.55 Bn - 6.08 Bn
10 Schwab Charles 185.06 Bn 111.46 Bn - 3.40 Bn
Historic Data

Historic Data

Download Data
DateValue
Jul 31, 2026 6.08 Bn
Apr 30, 2026 6.11 Bn
Jan 31, 2026 6.31 Bn
Oct 31, 2025 6.35 Bn
Jul 31, 2025 6.20 Bn
Apr 30, 2025 5.72 Bn
Jan 31, 2025 5.68 Bn
Oct 31, 2024 5.89 Bn
Jul 31, 2024 8.04 Bn
Apr 30, 2024 6.20 Bn
Jan 31, 2024 5.94 Bn
Oct 31, 2023 5.81 Bn
Jul 31, 2023 5.51 Bn
Apr 30, 2023 4.99 Bn
Jan 31, 2023 6.01 Bn
Oct 31, 2022 4.93 Bn
Oct 31, 2021 4.73 Bn
Jul 31, 2021 4.57 Bn
Mar 31, 2021 2.76 Bn
Jun 30, 2018 751.13 Mn