Toronto Dominion Bank (TD) Operating Expenses (2009 - 2026)
Toronto Dominion Bank (TD) reported Operating Expenses of $6.1 billion for Q2 2026, up 6.78% on a YoY basis from $5.7 billion in Q2 2025, and down 3.17% quarter-over-quarter from $6.3 billion in Q1 2026.
Toronto Dominion Bank (TD) Operating Expenses (2009 - 2026) Analysis & Trends
Toronto Dominion Bank has reported Operating Expenses for 18 years, with the latest figure at $6.1 billion in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 6.78% year-over-year to $6.1 billion; the trailing twelve-month figure through Apr 2026 stood at $18.8 billion (down 3.56% YoY), and the FY2025 full-year result was $494.5 million, up 19.31% from the prior year.
- Operating Expenses for Q2 2026 stood at $6.1 billion, down from $6.3 billion in the prior quarter.
- The five-year high for Operating Expenses was $8.0 billion in Q3 2024, with the low at $137.0 million in Q4 2025.
- Historically, Operating Expenses has averaged $5.4 billion across 5 years, with a median of $5.7 billion in 2025.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 596.53% — and 2025, when it slipped 22.88%.
- Toronto Dominion Bank's Operating Expenses stood at $4.9 billion in 2022, then increased by 17.98% to $5.8 billion in 2023, then soared by 38.33% to $8.0 billion in 2024, then sank by 98.3% to $137.0 million in 2025, then jumped by 4359.05% to $6.1 billion in 2026.
- The last three Operating Expenses figures came in at $6.1 billion (Q2 2026), $6.3 billion (Q1 2026), and $137.0 million (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Canadian Imperial Bank Of Commerce | 1,329,940,501.22 Bn | 1,329,940,501.43 Bn | - | 3.06 Bn |
| 2 | Hsbc Holdings | 37,228.00 Bn | 37,228.45 Bn | - | 609.00 Mn |
| 3 | Royal Bank Of Canada | 2,913.28 Bn | 2,841.72 Bn | - | 6.82 Bn |
| 4 | Toronto Dominion Bank | 959.65 Bn | 952.85 Bn | - | 6.11 Bn |
| 5 | Bank Of Montreal | 416.15 Bn | 416.15 Bn | - | 4.15 Bn |
| 6 | Bank Of America | 390.60 Bn | -216.10 Bn | 29.24 Bn | 18.53 Bn |
| 7 | Barclays | 379.37 Bn | -269.24 Bn | - | -6.13 Bn |
| 8 | Mitsubishi Ufj Financial | 271.88 Bn | -414.40 Bn | 3.81 Bn | -12.60 Bn |
| 9 | Wells Fargo & Company | 252.38 Bn | 177.30 Bn | - | 14.33 Bn |
| 10 | Citigroup | 242.69 Bn | -1,942.31 Bn | 19.85 Bn | 13.84 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 6.11 Bn |
| Jan 31, 2026 | 6.31 Bn |
| Oct 31, 2025 | 136.97 Mn |
| Jul 31, 2025 | 6.20 Bn |
| Apr 30, 2025 | 5.72 Bn |
| Jan 31, 2025 | 5.68 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 |
| Jul 31, 2022 | 4.74 Bn |
| Apr 30, 2022 | 4.76 Bn |
| Jan 31, 2022 | 4.71 Bn |
| Oct 31, 2021 | 4.73 Bn |
| Jul 31, 2021 | 680.49 Mn |
| Apr 30, 2021 | 4.55 Bn |