TD

Toronto Dominion Bank
D

TD

Arincen48/100B

If you had invested in Toronto Dominion Bank ago, it would be worth $4,330 today, against $4,305 in SPY and $6,524 in QQQ.

ArincenArincen ScoreBeta

48/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash0

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength2.5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Toronto Dominion Bank key facts

Style
Dividend stock · 6.7/10Growth 6.3 · Value 3.9 · Dividend 6.7
Day range
125.990 – 128.540
52-week range
79.520 – 128.540
Market capitalization
216.56B USD
P/E
19.13
EPS
6.70
Div Yield
2.45%
EPS growth forecast (FY2026)
+15.8%
Volume
82,714
Sector
Financial Services
Industry
Banks - Diversified
CEO
Raymond Chun
Employees
105K
Website
td.com
IPO date
30 Aug 1996

Toronto Dominion Bank earnings

Next earnings · Q4 FY2026
EPS estimate
1.83 USD
Revenue estimate
10.99B USD
Last quarter · Q3 FY2026
EPS1.98Beat +13.8%Revenue12.07BBeat +12.7%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q1 FY20271.95——+10.88%11.08B——+0.57%
Q4 FY20261.83——+16.56%10.99B——+6.74%
Q3 FY20261.741.98+13.79%+3.66%10.70B12.07B+12.72%-22.06%
Q2 FY20261.631.74+6.75%+25.18%11.04B11.80B+6.83%-21.36%
Q1 FY20261.631.76+7.98%+26.62%10.66B11.01B+3.37%-26.09%
Q4 FY20251.461.57+7.53%+24.60%9.93B10.29B+3.61%-30.19%
Q3 FY20251.461.91+30.82%+29.05%10.03B15.48B+54.30%+41.24%
Q2 FY20251.251.39+11.20%-7.33%10.02B15.00B+49.68%+39.78%

Toronto Dominion Bank analyst forecast

12-month price target
89.52 USD
-30.16%

Analysts' 1-year price targets range from 87.53 to 91.51, with an average of 89.52.

Past year
1-year forecast
Strong sellStrong buy
Buy
2 ratings
Strong buy
0
Buy
2
Hold
0
Sell
0
Strong sell
0

12-month price target

Highest target91.51
Average target89.52
Lowest target87.53
Current price128.18

Toronto Dominion Bank valuation

Price to earnings ratio (TTM)
19.13
Forward P/E (FY2027)
16.02
Price to sales (TTM)
2.69
Price to book
2.38
EV / EBITDA (TTM)
12.19

Capital structure

Market capitalization
216.56B USD
+
Total debt
213.30B USD
−
Cash and short-term investments
234.25B USD
=
Enterprise value
195.61B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)14.32————
FY2027 (est.)16.0214.32———
FY2026 (est.)17.6816.02———
Now (TTM)19.1315.992.692.3812.19
FY20259.9411.391.701.5428.49
FY202416.289.391.141.1845.72
FY202314.015.821.381.2638.61
FY20229.2010.902.661.4222.18
FY202111.709.163.451.6520.80

Toronto Dominion Bank against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Citigroup, Wells Fargo &, Bank of America, and JPMorgan Chase &, the US Banks - Diversified companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median19.1
    8.421.0
  • Gross marginAt its median49.0%
    43.6%89.0%
    Against its peers: 4 of 5Peers' median 58.0%
  • Operating marginAt its median20.7%
    9.7%36.0%
    Against its peers: 2 of 5Peers' median 20.0%
  • Net marginAt its median17.7%
    7.4%30.0%
    Against its peers: 2 of 5Peers' median 16.6%
  • Return on equityHighest in 5 years16.1%
    7.7%16.1%
    Against its peers: 1 of 5Peers' median 10.9%
  • Free cash flow marginBelow its median-62.0%
    -65.7%102.7%
    Against its peers: 5 of 5Peers' median -29.7%
  • Revenue growthBelow its median-2.8%
    -12.6%72.0%
    Against its peers: 5 of 5Peers' median -0.9%
  • EPS growthHighest in 5 years144.9%
    -41.7%144.9%
    Against its peers: 1 of 5Peers' median 17.6%
  • Debt to EBITDAAt its median25.41×
    20.88×48.86×
    Against its peers: 4 of 5Peers' median 12.26×
  • Current ratioBelow its median0.12
    0.110.17
    Against its peers: 5 of 5Peers' median 0.45

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Toronto Dominion Bank growth and profitability

Revenue (TTM)
112.51B USD
Net income (TTM)
16.20B USD
Gross margin
54.20%
Operating margin
17.91%
Net margin
14.40%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY2025115.84B-2.80%20.54B+132.28%49.01%20.67%17.73%26.11B+92.58%
FY2024119.17B+16.55%8.84B-16.85%43.64%9.68%7.42%13.56B-13.43%
FY2023102.25B+72.03%10.63B-38.99%47.52%13.45%10.40%15.66B-32.43%
FY202259.44B+24.57%17.43B+21.90%75.19%36.03%29.32%23.18B+20.73%
FY202147.72B-12.64%14.30B+20.20%89.05%35.91%29.96%19.20B+36.61%

Toronto Dominion Bank revenue breakdown

By region

FY2022
CANADA: 61.3%UNITED STATES: 38.7%61.3%CANADA38.7%UNITED STATES
RegionRevenueShare of revenueChange on the year
CANADA29.24B61.3%+9.7%
UNITED STATES18.44B38.7%+30.9%

How Toronto Dominion Bank makes its money

Revenue115.84B 100.0%
Cost of revenue59.06B 51.0%
Gross profit56.78B 49.0%
Selling and administration25.96B 22.4%
Other operating expenses6.87B 5.9%
Operating income23.95B 20.7%
Tax3.41B 2.9%
Net income20.54B 17.7%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Toronto Dominion Bank dividends

Annual dividend
3.14 USD
Dividend yield (indicated)
2.45%
Payout ratio
46.82%
Years of dividend growth
11
Frequency
Quarterly
Last payment
0.78 USD
Last ex-dividend date
9 Oct 2026
Last payment date
31 Oct 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share2.973.012.842.742.512.312.182.041.811.62

Toronto Dominion Bank financial health

Cash and short-term investments
327.29B USD
Total debt
298.01B USD
Net cash
29.27B USD
Free cash flow (TTM)
28.71B USD
Current ratio
0.05
Debt to equity
2.35
Piotroski score
7 / 9
Altman Z-score
0.10

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025156.06B663.58B-71.79B
FY2024230.49B662.56B52.76B
FY2023116.51B568.66B-67.15B
FY2022156.98B502.06B37.50B
FY2021194.67B400.86B49.00B

Toronto Dominion Bank ownership

Institutions
65.31%
Institutional holders
951 (+63)
Free float
95.33%
InstitutionsOthers
As of 30 Jun 2026

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q3 2023000.00200.00

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY20251.72B1.72B-2.34%
FY20241.76B1.76B-3.53%
FY20231.82B1.82B+0.60%
FY20221.81B1.81B-0.36%
FY20211.82B1.82B+0.63%

Source: Financial Modeling Prep

Related Instruments

Title: Toronto Dominion Bank

Sector: Financial Services
Industry: Banks - Diversified
Toronto-Dominion is one of Canada's two largest banks with over CAD 2.1 trillion in assets by the end of July 2026. TD Bank operates four business segments: Canadian personal and commercial banking, US retail banking, wealth management andinsurance, and wholesale banking. The bank derives more than 50% of its revenue from Canada and has dominant market shares in nearly all banking products and services. TD has around 44% of its revenue from its US operations. Its US footprint spans from Maine to Florida, with a strong presence in the Northeast.

Common questions about Toronto Dominion Bank stock

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