Toronto Dominion Bank (TD) Tax Rate (2009 - 2026)
Toronto Dominion Bank's (TD) quarterly Tax Rate came in at 38.63% in Q3 2026, down 1315.0% on a YoY basis from 3.18% in Q3 2025, and down 57.77% quarter-over-quarter from 24.49% in Q2 2026.
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Toronto Dominion Bank (TD) Tax Rate (2009 - 2026) Analysis & Trends
Toronto Dominion Bank (TD) has reported Tax Rate for 18 consecutive years, with 38.63% the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Tax Rate fell 1315.0% year-over-year to 38.63%; the trailing twelve-month figure through Jul 2026 stood at 26.5% (down 1686.0% YoY), and the FY2025 full-year result was 24.51%, down 7787.0% from the prior year.
- Tax Rate retreated to 38.63% in Q3 2026 per TD's latest filing, from 24.49% in the prior quarter.
- Across five years, Tax Rate topped out at 171.18% in Q1 2024 and bottomed at 12784.62% in Q1 2023.
- Historically, Tax Rate has averaged 717.79% across 5 years, with a median of 10.11% in 2025.
- The widest YoY moves for Tax Rate: up 1295579 bps in 2024, down 37371 bps in 2024.
- Over 5 years, Tax Rate stood at 17.12% in 2022, then jumped by 147 bps to 8.05% in 2023, then fell by 11 bps to 7.17% in 2024, then slumped by 162 bps to 4.46% in 2025, then slumped by 767 bps to 38.63% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 38.63%, 24.49%, and 40.87% for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 2,145.36 Bn | 1,556.87 Bn | 30.39 Bn | 21.54% |
| 2 | Morgan Stanley | 335.03 Bn | 174.89 Bn | - | 23.07% |
| 3 | Goldman Sachs | 309.45 Bn | -666.90 Bn | - | 22.60% |
| 4 | Mitsubishi Ufj Financial | 296.69 Bn | -87.63 Bn | 10.89 Bn | 24.29% |
| 5 | Royal Bank Of Canada | 291.49 Bn | 64.61 Bn | - | 22.26% |
| 6 | Wells Fargo & Company | 272.88 Bn | 68.91 Bn | - | 17.42% |
| 7 | American Express | 218.59 Bn | 169.28 Bn | 17.99 Bn | 23.61% |
| 8 | Banco Santander | 214.76 Bn | 222.37 Bn | 28.01 Bn | - |
| 9 | Toronto Dominion Bank | 205.88 Bn | 44.55 Bn | - | -38.63% |
| 10 | Schwab Charles | 185.06 Bn | 111.46 Bn | - | 23.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -38.63% |
| Apr 30, 2026 | -24.49% |
| Jan 31, 2026 | -40.87% |
| Oct 31, 2025 | -4.46% |
| Jul 31, 2025 | -25.49% |
| Apr 30, 2025 | 69.17% |
| Jan 31, 2025 | 43.58% |
| Oct 31, 2024 | 7.17% |
| Jul 31, 2024 | -19.00% |
| Apr 30, 2024 | -333.76% |
| Jan 31, 2024 | 171.18% |
| Oct 31, 2023 | 8.05% |
| Jul 31, 2023 | -15.75% |
| Apr 30, 2023 | 39.95% |
| Jan 31, 2023 | -12,784.62% |
| Oct 31, 2022 | -17.12% |
| Jun 30, 2022 | 21.15% |
| Mar 31, 2022 | 23.75% |
| Dec 31, 2021 | 21.88% |
| Oct 31, 2021 | -64.40% |