Toronto Dominion Bank (TD) Operating Expenses (2009 - 2026)
Toronto Dominion Bank's (TD) quarterly Operating Expenses came in at $6.1 billion in Q2 2026, up 6.78% YoY from $5.7 billion in Q2 2025, and down 3.17% on a QoQ basis from $6.3 billion in Q1 2026.
Toronto Dominion Bank (TD) Operating Expenses (2009 - 2026) Analysis & Trends
Toronto Dominion Bank (TD) has 17 years of Operating Expenses data on file, last reported at $6.1 billion in Q2 2026.
- Quarterly Operating Expenses rose 6.78% year-over-year to $6.1 billion in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $18.8 billion (down 3.56% YoY) and the FY2025 annual result came in at $494.5 million, up 19.31% from the prior year.
- Operating Expenses declined to $6.1 billion in Q2 2026, from $6.3 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $8.0 billion in Q3 2024 to a low of $137.0 million in Q4 2025.
- A 5-year average of $5.5 billion and a median of $5.9 billion in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses surged 45.87% — and 2025, when it slipped 22.88%.
- Tracing TD's Operating Expenses over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 442.66 Bn | -145.83 Bn | 30.39 Bn | 18.63 Bn |
| 2 | Hsbc Holdings | 350.79 Bn | 350.79 Bn | - | 16.82 Bn |
| 3 | Royal Bank Of Canada | 287.27 Bn | 88.34 Bn | - | 6.82 Bn |
| 4 | Wells Fargo & Company | 254.74 Bn | 50.77 Bn | - | 13.66 Bn |
| 5 | Mitsubishi Ufj Financial | 246.23 Bn | -147.39 Bn | 10.89 Bn | 17.50 Bn |
| 6 | Citigroup | 221.13 Bn | -2,081.18 Bn | 24.75 Bn | 14.22 Bn |
| 7 | Banco Santander | 209.76 Bn | 30.11 Bn | - | -7.44 Bn |
| 8 | Toronto Dominion Bank | 194.25 Bn | 19.76 Bn | - | 6.11 Bn |
| 9 | UBS Group AG | 167.62 Bn | -48.10 Bn | - | - |
| 10 | Bank of New York Mellon | 108.21 Bn | 46.98 Bn | - | 3.44 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 |
| Oct 31, 2021 | 4.73 Bn |
| Jul 31, 2021 | 4.57 Bn |
| Mar 31, 2021 | 2.76 Bn |
| Oct 31, 2020 | 4.32 Bn |
| Jun 30, 2018 | 751.13 Mn |
| Mar 31, 2018 | 1.02 Bn |