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Q4 FY2026 · Earnings report
EPS estimate 2.68Revenue estimate 7.11B
Q4 FY2026 · Earnings report
EPS estimate 2.68Revenue estimate 7.11B
Bank of Montreal operating income 1994–2026What are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs.
Bank of Montreal's operating income in Q3 FY2026, the three months to 31 July 2026, was 2.52B CAD, down 18.2% on the same quarter a year before. Bank of Montreal's operating income over the last twelve months was 12.38B CAD, up 7.4% on the twelve months before. In fiscal year 2025 it was 11.55B CAD, up 21.1% on the year before.
Last updated 12 Nov 2026 · Next report 2 Dec 2026
Operating income
Operating income · +8.0% a year over 10 yearsOperating margin
Growth
| Fiscal year | Period ending | Operating income | Growth | Operating margin | Gross profit | Gross margin | EBITDA |
|---|---|---|---|---|---|---|---|
| TTM | 31 Jul 2026 | 12.38B | +7.37% | 15.83% | 35.58B | 45.52% | 14.56B |
| FY2025 | 31 Oct 2025 | 11.55B | +21.13% | 14.78% | 32.48B | 41.56% | 13.73B |
| FY2024 | 31 Oct 2024 | 9.54B | +60.33% | 12.14% | 28.28B | 36.00% | 11.65B |
| FY2023 | 31 Oct 2023 | 5.95B | -66.75% | 8.74% | 29.64B | 43.59% | 8.04B |
| FY2022 | 31 Oct 2022 | 17.89B | +74.36% | 47.99% | 25.95B | 69.61% | 19.37B |
| FY2021 | 31 Oct 2021 | 10.26B | +61.59% | 31.58% | 26.89B | 82.77% | 11.82B |
| FY2020 | 31 Oct 2020 | 6.35B | -12.71% | 18.47% | 22.07B | 64.22% | 7.97B |
| FY2019 | 31 Oct 2019 | 7.27B | -1.92% | 18.84% | 24.46B | 63.37% | 8.48B |
| FY2018 | 31 Oct 2018 | 7.41B | +11.81% | 22.93% | 22.08B | 68.27% | 8.54B |
| FY2017 | 31 Oct 2017 | 6.63B | +15.68% | 23.80% | 20.98B | 75.29% | 7.73B |
| FY2016 | 31 Oct 2016 | 5.73B | +7.32% | 22.51% | 20.18B | 79.24% | 6.78B |
| FY2015 | 31 Oct 2015 | 5.34B | +2.01% | 22.65% | 18.57B | 78.76% | 6.13B |
| FY2014 | 31 Oct 2014 | 5.24B | -0.27% | 23.13% | 17.49B | 77.29% | 5.98B |
| FY2013 | 31 Oct 2013 | 5.25B | +4.37% | 24.51% | 16.24B | 75.84% | 5.94B |
| FY2012 | 31 Oct 2012 | 5.03B | +26.07% | 24.22% | 15.17B | 73.02% | 5.71B |
| FY2011 | 31 Oct 2011 | 3.99B | +11.73% | 21.01% | 12.73B | 67.03% | 4.53B |
| FY2010 | 31 Oct 2010 | 3.57B | +71.68% | 23.11% | 11.16B | 72.23% | 4.04B |
| FY2009 | 31 Oct 2009 | 2.08B | +5.00% | 12.95% | 9.46B | 58.88% | 2.55B |
| FY2008 | 31 Oct 2008 | 1.98B | -17.29% | 9.97% | 8.88B | 44.67% | 2.42B |
| FY2007 | 31 Oct 2007 | 2.40B | -30.70% | 11.77% | 9.00B | 44.22% | 2.83B |
| FY2006 | 31 Oct 2006 | 3.46B | +3.85% | 19.04% | 9.81B | 54.04% | 3.86B |
| FY2005 | 31 Oct 2005 | 3.33B | +1.37% | 21.87% | 9.66B | 63.49% | 3.80B |
| FY2004 | 31 Oct 2004 | 3.28B | +34.93% | 25.19% | 9.28B | 71.18% | 3.75B |
| FY2003 | 31 Oct 2003 | 2.43B | +32.15% | 18.51% | 8.54B | 64.97% | 2.92B |
| FY2002 | 31 Oct 2002 | 1.84B | -6.67% | 14.10% | 7.93B | 60.75% | 2.34B |
| FY2001 | 31 Oct 2001 | 1.97B | -30.66% | 11.46% | 7.74B | 44.95% | 2.50B |
| FY2000 | 31 Oct 2000 | 2.84B | +34.38% | 15.27% | 8.17B | 43.86% | 3.33B |
| FY1999 | 31 Oct 1999 | 2.12B | -1.71% | 12.69% | 7.47B | 44.76% | 2.61B |
| FY1998 | 31 Oct 1998 | 2.15B | +0.42% | 12.50% | 7.01B | 40.68% | 2.56B |
| FY1997 | 31 Oct 1997 | 2.15B | +11.43% | 14.78% | 6.78B | 46.73% | 2.58B |
| FY1996 | 31 Oct 1996 | 1.93B | +16.81% | 14.81% | 5.89B | 45.34% | 2.23B |
| FY1995 | 31 Oct 1995 | 1.65B | +18.99% | 13.64% | 5.31B | 43.91% | 1.92B |
| FY1994 | 31 Oct 1994 | 1.38B | — | 15.21% | 4.62B | 50.71% | 1.61B |
| Quarter | Period ending | Operating income | Growth on a year before | Operating margin | Gross profit | Gross margin | EBITDA |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 31 Jul 2026 | 2.52B | -18.22% | 12.44% | 9.23B | 45.48% | 3.05B |
| Q2 FY2026 | 30 Apr 2026 | 3.50B | +34.23% | 18.14% | 8.80B | 45.63% | 4.04B |
| Q1 FY2026 | 31 Jan 2026 | 3.33B | +17.57% | 17.21% | 9.05B | 46.86% | 3.87B |
| Q4 FY2025 | 31 Oct 2025 | 3.03B | +0.76% | 15.72% | 8.50B | 44.10% | 3.59B |
| Q3 FY2025 | 31 Jul 2025 | 3.09B | +26.11% | 16.08% | 8.15B | 42.45% | 3.62B |
| Q2 FY2025 | 30 Apr 2025 | 2.61B | +7.46% | 13.55% | 7.63B | 39.65% | 3.15B |
| Q1 FY2025 | 31 Jan 2025 | 2.83B | +70.77% | 13.83% | 8.21B | 40.14% | 3.37B |
| Q4 FY2024 | 31 Oct 2024 | 3.01B | +38.19% | 15.23% | 6.80B | 34.42% | 3.53B |
| Q3 FY2024 | 31 Jul 2024 | 2.45B | +23.09% | 11.96% | 7.25B | 35.42% | 2.98B |
| Q2 FY2024 | 30 Apr 2024 | 2.43B | +91.70% | 12.39% | 7.22B | 36.87% | 2.95B |
| Q1 FY2024 | 31 Jan 2024 | 1.66B | +231.20% | 8.82% | 7.02B | 37.38% | 2.19B |
| Q4 FY2023 | 31 Oct 2023 | 2.18B | -63.35% | 11.46% | 7.88B | 41.49% | 2.77B |
| Q3 FY2023 | 31 Jul 2023 | 1.99B | +17.56% | 11.06% | 7.57B | 42.09% | 2.54B |
| Q2 FY2023 | 30 Apr 2023 | 1.27B | -80.12% | 7.58% | 7.41B | 44.39% | 1.83B |
| Q1 FY2023 | 31 Jan 2023 | 500.00M | -87.16% | 3.47% | 6.83B | 47.44% | 884.00M |
| Q4 FY2022 | 31 Oct 2022 | 5.94B | +112.11% | 50.14% | 6.26B | 52.85% | 6.32B |
| Q3 FY2022 | 31 Jul 2022 | 1.69B | -42.95% | 17.27% | 6.81B | 69.54% | 2.06B |
| Q2 FY2022 | 30 Apr 2022 | 6.36B | +236.67% | 86.86% | 5.66B | 77.19% | 6.72B |
| Q1 FY2022 | 31 Jan 2022 | 3.90B | +49.52% | 46.87% | 7.22B | 86.91% | 4.27B |
| Q4 FY2021 | 31 Oct 2021 | 2.80B | +39.53% | 35.98% | 6.63B | 85.27% | 3.20B |
| Q3 FY2021 | 31 Jul 2021 | 2.96B | +97.34% | 33.42% | 7.57B | 85.30% | 3.35B |
| Q2 FY2021 | 30 Apr 2021 | 1.89B | +128.54% | 25.43% | 5.93B | 79.74% | 2.28B |
| Q1 FY2021 | 31 Jan 2021 | 2.61B | +29.41% | 31.00% | 6.76B | 80.47% | 3.00B |
| Q4 FY2020 | 31 Oct 2020 | 2.01B | +32.67% | 26.56% | 5.51B | 72.89% | 2.41B |
| Q3 FY2020 | 31 Jul 2020 | 1.50B | -24.22% | 16.50% | 6.08B | 66.82% | 1.90B |
| Q2 FY2020 | 30 Apr 2020 | 827.00M | -56.03% | 10.26% | 4.31B | 53.45% | 1.23B |
| Q1 FY2020 | 31 Jan 2020 | 2.01B | +6.11% | 20.44% | 6.37B | 64.70% | 2.42B |
| Q4 FY2019 | 31 Oct 2019 | 1.51B | -29.18% | 16.14% | 5.80B | 61.87% | 1.82B |
| Q3 FY2019 | 31 Jul 2019 | 1.98B | +0.10% | 19.56% | 6.33B | 62.47% | 2.28B |
| Q2 FY2019 | 30 Apr 2019 | 1.88B | +20.35% | 19.93% | 5.99B | 63.41% | 2.18B |
| Q1 FY2019 | 31 Jan 2019 | 1.90B | +9.27% | 19.64% | 6.35B | 65.75% | 2.19B |
| Q4 FY2018 | 31 Oct 2018 | 2.14B | +41.86% | 24.49% | 5.68B | 65.15% | 2.42B |
| Q3 FY2018 | 31 Jul 2018 | 1.98B | +10.37% | 23.80% | 5.56B | 66.89% | 2.26B |
| Q2 FY2018 | 30 Apr 2018 | 1.56B | +4.34% | 19.97% | 5.38B | 68.74% | 1.85B |
| Q1 FY2018 | 31 Jan 2018 | 1.74B | -6.11% | 23.23% | 5.45B | 72.96% | 2.02B |
| Q4 FY2017 | 31 Oct 2017 | 1.51B | -11.57% | 20.70% | 5.40B | 74.29% | 1.79B |
| Q3 FY2017 | 31 Jul 2017 | 1.79B | +12.62% | 26.11% | 5.28B | 76.77% | 2.07B |
| Q2 FY2017 | 30 Apr 2017 | 1.50B | +26.84% | 21.29% | 5.45B | 77.50% | 1.77B |
| Q1 FY2017 | 31 Jan 2017 | 1.85B | +47.21% | 28.79% | 5.00B | 77.77% | 2.12B |
| Q4 FY2016 | 31 Oct 2016 | 1.70B | +13.77% | 26.56% | 5.01B | 78.20% | 1.97B |
| Q3 FY2016 | 31 Jul 2016 | 1.59B | +7.85% | 23.46% | 5.33B | 78.45% | 1.86B |
| Q2 FY2016 | 30 Apr 2016 | 1.18B | -3.91% | 18.76% | 4.96B | 78.84% | 1.45B |
| Q1 FY2016 | 31 Jan 2016 | 1.26B | +10.27% | 20.64% | 4.83B | 79.41% | 1.50B |
| Q4 FY2015 | 31 Oct 2015 | 1.50B | +16.60% | 25.15% | 4.80B | 80.65% | 1.70B |
| Q3 FY2015 | 31 Jul 2015 | 1.48B | +11.14% | 25.20% | 4.62B | 78.86% | 1.68B |
| Q2 FY2015 | 30 Apr 2015 | 1.23B | -4.36% | 22.01% | 4.31B | 77.22% | 1.43B |
| Q1 FY2015 | 31 Jan 2015 | 1.14B | -14.94% | 18.42% | 4.84B | 78.25% | 1.33B |
| Q4 FY2014 | 31 Oct 2014 | 1.28B | -6.28% | 22.13% | 4.47B | 77.10% | 1.48B |
| Q3 FY2014 | 31 Jul 2014 | 1.33B | -4.94% | 22.54% | 4.61B | 78.12% | 1.52B |
| Q2 FY2014 | 30 Apr 2014 | 1.29B | +7.17% | 23.40% | 4.21B | 76.62% | 1.47B |
| Q1 FY2014 | 31 Jan 2014 | 1.34B | +4.28% | 23.83% | 4.38B | 77.95% | 1.52B |
| Q4 FY2013 | 31 Oct 2013 | 1.37B | +6.70% | 33.08% | 3.95B | 95.43% | 1.55B |
| Q3 FY2013 | 31 Jul 2013 | 1.40B | +20.83% | 27.17% | 3.92B | 76.25% | 1.57B |
| Q2 FY2013 | 30 Apr 2013 | 1.20B | -5.22% | 24.01% | 3.75B | 75.09% | 1.37B |
| Q1 FY2013 | 31 Jan 2013 | 1.28B | -9.70% | 31.85% | 2.69B | 66.77% | 1.45B |
| Q4 FY2012 | 31 Oct 2012 | 1.28B | +10.03% | 23.56% | 3.98B | 73.17% | 1.47B |
| Q3 FY2012 | 31 Jul 2012 | 1.16B | +33.14% | 22.69% | 3.64B | 71.39% | 1.33B |
| Q2 FY2012 | 30 Apr 2012 | 1.27B | +25.75% | 24.71% | 3.76B | 73.53% | 1.43B |
| Q1 FY2012 | 31 Jan 2012 | 1.42B | +30.82% | 26.82% | 3.98B | 74.98% | 1.60B |
| Q4 FY2011 | 31 Oct 2011 | 1.17B | +22.35% | 23.00% | 3.79B | 74.71% | 1.34B |
| Q3 FY2011 | 31 Jul 2011 | 869.00M | +9.31% | 18.92% | 3.09B | 67.29% | 1.00B |
| Q2 FY2011 | 30 Apr 2011 | 1.01B | +3.71% | 22.10% | 3.04B | 66.68% | 1.12B |
| Q1 FY2011 | 31 Jan 2011 | 1.09B | +27.43% | 22.93% | 3.15B | 66.35% | 1.21B |
| Q4 FY2010 | 31 Oct 2010 | 953.00M | +15.66% | 23.08% | 2.98B | 72.06% | 1.07B |
| Q3 FY2010 | 31 Jul 2010 | 795.00M | +15.55% | 21.65% | 2.62B | 71.43% | 913.00M |
| Q2 FY2010 | 30 Apr 2010 | 970.00M | +145.57% | 25.59% | 2.80B | 73.88% | 1.09B |
| Q1 FY2010 | 31 Jan 2010 | 853.00M | +393.06% | 22.50% | 2.69B | 71.01% | 968.00M |
| Q4 FY2009 | 31 Oct 2009 | 824.00M | +61.23% | 19.78% | 2.60B | 62.48% | 934.00M |
| Q3 FY2009 | 31 Jul 2009 | 688.00M | +49.04% | 17.42% | 2.56B | 64.85% | 815.00M |
| Q2 FY2009 | 30 Apr 2009 | 395.00M | -49.94% | 9.90% | 2.28B | 57.25% | 514.00M |
| Q1 FY2009 | 31 Jan 2009 | 173.00M | +5.71% | 4.04% | 2.01B | 47.05% | 289.00M |
| Q4 FY2008 | 31 Oct 2008 | 511.06M | +13.69% | 10.46% | 2.35B | 48.08% | 623.95M |
| Q3 FY2008 | 31 Jul 2008 | 461.62M | -41.34% | 9.55% | 2.26B | 46.77% | 571.03M |
| Q2 FY2008 | 30 Apr 2008 | 789.00M | -5.67% | 15.50% | 2.47B | 48.51% | 895.57M |
| Q1 FY2008 | 31 Jan 2008 | 163.66M | -49.20% | 3.23% | 1.80B | 35.50% | 270.08M |
| Q4 FY2007 | 31 Oct 2007 | 449.52M | -49.43% | 8.53% | 2.05B | 38.86% | 559.68M |
| Q3 FY2007 | 31 Jul 2007 | 786.92M | -13.49% | 14.79% | 2.46B | 46.32% | 897.57M |
| Q2 FY2007 | 30 Apr 2007 | 836.38M | +2.34% | 16.32% | 2.47B | 48.18% | 948.11M |
| Q1 FY2007 | 31 Jan 2007 | 322.16M | -61.22% | 6.96% | 2.01B | 43.52% | 425.63M |
| Q4 FY2006 | 31 Oct 2006 | 888.97M | -2.43% | 19.14% | 2.30B | 49.53% | 995.42M |
| Q3 FY2006 | 31 Jul 2006 | 909.61M | +20.40% | 18.94% | 2.53B | 52.64% | 1.01B |
| Q2 FY2006 | 30 Apr 2006 | 817.24M | +2.51% | 18.81% | 2.41B | 55.40% | 918.08M |
| Q1 FY2006 | 31 Jan 2006 | 830.68M | +1.16% | 19.69% | 2.43B | 57.59% | 929.68M |
| Q4 FY2005 | 31 Oct 2005 | 911.08M | +16.00% | 21.97% | 2.56B | 61.84% | 1.03B |
| Q3 FY2005 | 31 Jul 2005 | 755.48M | -18.66% | 19.67% | 2.34B | 60.85% | 878.79M |
| Q2 FY2005 | 30 Apr 2005 | 797.23M | -4.21% | 21.66% | 2.39B | 64.97% | 911.15M |
| Q1 FY2005 | 31 Jan 2005 | 821.14M | +6.42% | 23.12% | 2.37B | 66.68% | 940.21M |
| Q4 FY2004 | 31 Oct 2004 | 785.42M | +10.06% | 24.24% | 2.29B | 70.82% | 906.18M |
| Q3 FY2004 | 31 Jul 2004 | 928.81M | +29.67% | 28.22% | 2.47B | 75.09% | 1.05B |
| Q2 FY2004 | 30 Apr 2004 | 832.31M | +52.95% | 24.79% | 2.40B | 71.46% | 947.52M |
| Q1 FY2004 | 31 Jan 2004 | 771.57M | +42.93% | 23.25% | 2.35B | 70.77% | 886.71M |
| Q4 FY2003 | 31 Oct 2003 | 713.63M | +46.95% | 21.45% | 2.28B | 68.39% | 829.87M |
| Q3 FY2003 | 31 Jul 2003 | 716.30M | +57.61% | 21.38% | 2.22B | 66.15% | 835.72M |
| Q2 FY2003 | 30 Apr 2003 | 544.18M | +42.22% | 17.26% | 2.04B | 64.80% | 669.83M |
| Q1 FY2003 | 31 Jan 2003 | 539.84M | +3.90% | 16.28% | 2.13B | 64.19% | 669.10M |
| Q4 FY2002 | 31 Oct 2002 | 485.62M | — | 14.53% | 2.11B | 63.02% | 618.32M |
| Q3 FY2002 | 31 Jul 2002 | 454.47M | -27.51% | 14.41% | 1.96B | 62.08% | 580.31M |
| Q2 FY2002 | 30 Apr 2002 | 382.63M | -52.63% | 11.98% | 1.87B | 58.69% | 499.03M |
| Q1 FY2002 | 31 Jan 2002 | 519.56M | -19.21% | 15.41% | 2.00B | 59.23% | 639.95M |
| Q4 FY2001 | 31 Oct 2001 | -103.75M | -114.42% | -2.90% | 1.37B | 38.33% | 36.18M |
| Q3 FY2001 | 31 Jul 2001 | 626.91M | +1.15% | 15.39% | 2.07B | 50.86% | 761.93M |
| Q2 FY2001 | 30 Apr 2001 | 807.74M | +2.90% | 16.83% | 2.24B | 46.58% | 807.74M |
| Q1 FY2001 | 31 Jan 2001 | 643.08M | -10.92% | 13.49% | 2.06B | 43.19% | 643.08M |
| Q4 FY2000 | 31 Oct 2000 | 719.51M | +87.88% | 15.06% | 2.07B | 43.29% | 719.51M |
| Q3 FY2000 | 31 Jul 2000 | 619.80M | +1.61% | 13.37% | 1.96B | 42.31% | 619.80M |
| Q2 FY2000 | 30 Apr 2000 | 784.95M | +40.68% | 16.39% | 2.15B | 44.84% | 784.95M |
| Q1 FY2000 | 31 Jan 2000 | 721.93M | +27.32% | 16.32% | 1.99B | 45.04% | 721.93M |
| Q4 FY1999 | 31 Oct 1999 | 382.97M | +9.10% | 9.22% | 1.89B | 45.62% | 382.97M |
| Q3 FY1999 | 31 Jul 1999 | 609.99M | +0.83% | 14.65% | 1.91B | 45.88% | 609.99M |
| Q2 FY1999 | 30 Apr 1999 | 557.99M | -9.84% | 13.81% | 1.85B | 45.68% | 557.99M |
| Q1 FY1999 | 31 Jan 1999 | 567.00M | -2.07% | 13.11% | 1.82B | 42.03% | 567.00M |
| Q4 FY1998 | 31 Oct 1998 | 351.01M | -28.23% | 8.26% | 1.58B | 37.32% | 351.01M |
| Q3 FY1998 | 31 Jul 1998 | 604.99M | -1.79% | 13.35% | 1.84B | 40.52% | 604.99M |
| Q2 FY1998 | 30 Apr 1998 | 618.90M | +20.42% | 14.24% | 1.83B | 42.21% | 618.90M |
| Q1 FY1998 | 31 Jan 1998 | 579.00M | +10.14% | 14.07% | 1.76B | 42.69% | 579.00M |
| Q4 FY1997 | 31 Oct 1997 | 489.09M | +7.89% | 12.74% | 1.76B | 45.96% | 489.09M |
| Q3 FY1997 | 31 Jul 1997 | 615.99M | +25.91% | 16.21% | 1.77B | 46.54% | 615.99M |
| Q2 FY1997 | 30 Apr 1997 | 513.96M | +9.11% | 14.69% | 1.64B | 46.80% | 513.96M |
| Q1 FY1997 | 31 Jan 1997 | 525.68M | +3.09% | 15.57% | 1.61B | 47.74% | 525.68M |
| Q4 FY1996 | 31 Oct 1996 | 453.32M | -1.81% | 13.98% | 1.54B | 47.35% | 453.32M |
| Q3 FY1996 | 31 Jul 1996 | 489.21M | +10.82% | 15.02% | 1.47B | 45.19% | 489.21M |
| Q2 FY1996 | 30 Apr 1996 | 471.07M | — | 14.75% | 1.44B | 45.07% | 471.07M |
| Q1 FY1996 | 31 Jan 1996 | 509.90M | — | 15.41% | 1.45B | 43.79% | 509.90M |
| Q4 FY1995 | 31 Oct 1995 | 461.69M | — | 14.71% | 1.40B | 44.55% | 461.69M |
| Q3 FY1995 | 31 Jul 1995 | 441.44M | — | 13.60% | 1.42B | 43.83% | 441.44M |
| Q2 FY1995 | 30 Apr 1995 | 0.00 | — | — | 0.00 | — | 0.00 |
| Q1 FY1995 | 31 Jan 1995 | 0.00 | — | — | 0.00 | — | 0.00 |
| Q4 FY1994 | 31 Oct 1994 | 0.00 | — | — | 0.00 | — | 0.00 |
| Q3 FY1994 | 31 Jul 1994 | 0.00 | — | — | 0.00 | — | 0.00 |
| Q2 FY1994 | 30 Apr 1994 | 0.00 | — | — | 0.00 | — | 0.00 |
| Q1 FY1994 | 31 Jan 1994 | 0.00 | — | — | 0.00 | — | 0.00 |
Figures in CAD. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
See also:Revenue,Net income,EPS,Shares outstanding,Cash on hand,Total debt,Free cash flow,Stock buybacks,Income statement
Common questions about Bank of Montreal's operating income
Source: Financial Modeling Prep