The Toronto-Dominion Bank (TD) Operating Margin: History & Chart

The Toronto-Dominion Bank(TD)

Banks - Diversified · Toronto, ON

$116.55-0.60 (-0.51%)

Delayed quote: Aug 24, 2026, 4:00 PM EDT

About The Toronto-Dominion Bank

The Toronto-Dominion Bank, along with its affiliated entities, delivers a comprehensive array of financial solutions and services across Canada, the United States, and various international markets. Its operations are structured into three primary divisions: Canadian Retail, U.S. Retail, and Wholesale Banking. For individual customers, the bank provides fundamental deposit products like checking, savings, and investment accounts. Businesses can access a suite of offerings including funding, investment management, cash flow solutions, international trade facilities, and everyday banking. Furthermore, TD offers point-of-sale financing options for major purchases such as automobiles and recreational vehicles. The institution also issues credit cards and facilitates payment processing. Its lending portfolio extends to real estate-backed loans, vehicle financing, and general consumer credit. Businesses, both large and small, benefit from its point-of-sale payment systems. Wealth and asset management products, coupled with financial guidance, are available to both individual and institutional clients through direct investment channels, advisory services, and dedicated asset management units. The bank also underwrites a variety of insurance products, encompassing property and casualty coverage, as well as life and health policies. In the realm of capital markets and corporate banking, TD assists corporations, government bodies, and institutional investors. This includes overseeing the issuance and distribution of new debt and equity securities, offering strategic advice on mergers and divestitures, and providing sophisticated trading, funding, and investment services. The company markets its diverse offerings under the TD Bank brand, and specifically as "America's Most Convenient Bank" in the United States. It maintains an extensive physical presence, with over 1,000 branches and more than 3,300 automated teller machines (ATMs) throughout Canada, complemented by approximately 1,100 "stores" and 2,700 ATMs in the U.S. Beyond its brick-and-mortar locations, the bank ensures accessibility through telephone, digital, and mobile banking platforms. A key strategic partnership also exists with Canada Post Corporation. Founded in 1855, The Toronto-Dominion Bank's global headquarters are situated in Toronto, Canada.

Toronto, ON

104,843 employees

www.td.com

Financial Services / Banks - Diversified

Sector: Financial Services
Industry: Banks - Diversified
CEO: Raymond Chun

View full financials

TD Operating Margin Metrics

OPERATING MARGIN

18.60%

OPERATING MARGIN AVG TTM

21.72%

OPERATING MARGIN AVG 3Y

14.03%

OPERATING MARGIN AVG 5Y

21.76%

OPERATING MARGIN AVG 10Y

23.46%

OPERATING MARGIN AVG 15Y

23.57%

OPERATING MARGIN AVG 20Y

22.26%

CURRENT VS TTM AVG

-14.38%

CURRENT VS 3Y AVG

+32.57%

CURRENT VS 5Y AVG

-14.52%

CURRENT VS 10Y AVG

-20.73%

CURRENT VS 15Y AVG

-21.12%

CURRENT VS 20Y AVG

-16.45%

SECTOR MEDIAN · FINANCIAL SERVICES

23.18%

median of 97 covered companies

CURRENT VS SECTOR MEDIAN

-19.77%

vs the sector median at left

NAME	MARKET CAP	OPERATING MARGIN	TTM	3Y	5Y
The Toronto-Dominion Bank (TD)	$196.91B	18.60%	21.72%	14.03%	21.76%
The Charles Schwab Corporation (SCHW)vs ›	$197.65B	43.49%	35.50%	34.52%	35.70%
BlackRock, Inc. (BLK)vs ›	$181.75B	31.12%	33.09%	34.26%	35.11%
Blackstone Inc. (BX)vs ›	$173.49B	52.08%	54.35%	48.73%	53.98%
Citigroup Inc. (C)vs ›	$225.89B	16.09%	10.88%	12.21%	16.43%
Vanguard FTSE Emerging Markets ETF (VWO)vs ›	$167.43B	N/A	N/A	N/A	N/A
American Express Company (AXP)vs ›	$227.80B	17.14%	17.26%	16.84%	17.11%
Interactive Brokers Group, Inc. (IBKR)vs ›	$160.79B	87.09%	85.08%	82.13%	76.31%
Wells Fargo & Company (WFC)vs ›	$256.22B	21.17%	19.52%	19.13%	19.19%
Chubb Limited (CB)vs ›	$133.42B	18.19%	21.11%	19.08%	18.64%

NAME

MARKET CAP

OPERATING MARGIN

TTM

The Toronto-Dominion Bank (TD)

$196.91B

18.60%

21.72%

14.03%

21.76%

The Charles Schwab Corporation (SCHW)vs ›

$197.65B

43.49%

35.50%

34.52%

35.70%

BlackRock, Inc. (BLK)vs ›

$181.75B

31.12%

33.09%

34.26%

35.11%

Blackstone Inc. (BX)vs ›

$173.49B

52.08%

54.35%

48.73%

53.98%

Citigroup Inc. (C)vs ›

$225.89B

16.09%

10.88%

12.21%

16.43%

Vanguard FTSE Emerging Markets ETF (VWO)vs ›

$167.43B

N/A

American Express Company (AXP)vs ›

$227.80B

17.14%

17.26%

16.84%

17.11%

Interactive Brokers Group, Inc. (IBKR)vs ›

$160.79B

87.09%

85.08%

82.13%

76.31%

Wells Fargo & Company (WFC)vs ›

$256.22B

21.17%

19.52%

19.13%

19.19%

Chubb Limited (CB)vs ›

$133.42B

18.19%

21.11%

19.08%

18.64%

Operating Margin FAQ

What is the operating margin for The Toronto-Dominion Bank (TD)?

The operating margin for TD stock is 18.60%.

Is The Toronto-Dominion Bank's operating margin high or low?

The operating margin of 18.60% is 15% below its 5-year average of 21.76%, around the middle of its 5-year range (1.39%–42.56%).

What is the TTM average operating margin for The Toronto-Dominion Bank (TD)?

The TTM average operating margin for TD stock is 21.72%.

What is the 3Y average operating margin for The Toronto-Dominion Bank (TD)?

The 3Y average operating margin for TD stock is 14.03%.

What is the 5Y average operating margin for The Toronto-Dominion Bank (TD)?

The 5Y average operating margin for TD stock is 21.76%.

What is the 10Y average operating margin for The Toronto-Dominion Bank (TD)?

The 10Y average operating margin for TD stock is 23.46%.

What is the 15Y average operating margin for The Toronto-Dominion Bank (TD)?

The 15Y average operating margin for TD stock is 23.57%.

What is the 20Y average operating margin for The Toronto-Dominion Bank (TD)?

The 20Y average operating margin for TD stock is 22.26%.

DATE	OPERATING MARGIN
2026-04-30	18.60%
2026-01-31	18.41%
2025-10-31	14.26%
2025-07-31	14.78%
2025-04-30	42.56%
2025-01-31	11.67%
2024-10-31	13.63%
2024-07-31	1.39%
2024-04-30	10.58%
2024-01-31	11.45%
2023-10-31	12.02%
2023-07-31	12.79%
2023-04-30	16.12%
2023-01-31	9.59%
2022-10-31	40.42%
2022-07-31	23.94%
2022-04-30	36.62%
2022-01-31	36.21%
2021-10-31	37.21%
2021-07-31	36.09%
2021-04-30	38.53%
2021-01-31	32.01%
2020-10-31	36.93%
2020-07-31	18.74%
2020-04-30	11.07%
2020-01-31	23.35%
2019-10-31	21.90%
2019-07-31	25.00%
2019-04-30	25.29%
2019-01-31	17.75%
2018-10-31	23.92%
2018-07-31	26.19%
2018-04-30	28.02%
2018-01-31	26.70%
2017-10-31	27.65%
2017-07-31	29.45%
2017-04-30	25.28%
2017-01-31	27.36%
2016-10-31	26.40%
2016-07-31	27.32%
2016-04-30	24.66%
2016-01-31	26.33%
2015-10-31	21.75%
2015-07-31	28.19%
2015-04-30	23.09%
2015-01-31	26.13%
2014-10-31	23.24%
2014-07-31	26.24%
2014-04-30	26.48%
2014-01-31	26.23%
2013-10-31	16.32%
2013-07-31	19.63%
2013-04-30	24.09%
2013-01-31	25.48%
2012-10-31	24.37%
2012-07-31	25.42%
2012-04-30	26.62%
2012-01-31	22.94%
2011-10-31	27.42%
2011-07-31	26.18%
2011-04-30	23.70%
2011-01-31	25.21%
2010-10-31	21.67%
2010-07-31	23.21%
2010-04-30	23.49%
2010-01-31	23.62%
2009-10-31	17.77%
2009-07-31	16.78%
2009-04-30	7.99%
2009-01-31	7.55%
2008-10-31	16.12%
2008-07-31	16.43%
2008-04-30	16.39%
2008-01-31	17.98%
2007-10-31	18.87%
2007-07-31	21.21%
2007-04-30	17.83%
2007-01-31	18.22%
2006-10-31	21.80%
2006-07-31	18.08%
2006-04-30	18.59%
2006-01-31	45.20%
2005-10-31	17.23%
2005-07-31	8.76%
2005-04-30	17.94%
2005-01-31	19.30%
2004-10-31	18.88%
2004-07-31	18.92%
2004-04-30	16.68%
2004-01-31	22.72%
2003-10-31	15.23%
2003-07-31	15.63%
2003-04-30	-7.05%
2003-01-31	11.68%
2002-10-31	-9.44%
2002-07-31	-17.51%

DATE

OPERATING MARGIN

2026-04-30

18.60%

2026-01-31

18.41%

2025-10-31

14.26%

2025-07-31

14.78%

2025-04-30

42.56%

2025-01-31

11.67%

2024-10-31

13.63%

2024-07-31

1.39%

2024-04-30

10.58%

2024-01-31

11.45%

2023-10-31

12.02%

2023-07-31

12.79%

2023-04-30

16.12%

2023-01-31

9.59%

2022-10-31

40.42%

2022-07-31

23.94%

2022-04-30

36.62%

2022-01-31

36.21%

2021-10-31

37.21%

2021-07-31

36.09%

2021-04-30

38.53%

2021-01-31

32.01%

2020-10-31

36.93%

2020-07-31

18.74%

2020-04-30

11.07%

2020-01-31

23.35%

2019-10-31

21.90%

2019-07-31

25.00%

2019-04-30

25.29%

2019-01-31

17.75%

2018-10-31

23.92%

2018-07-31

26.19%

2018-04-30

28.02%

2018-01-31

26.70%

2017-10-31

27.65%

2017-07-31

29.45%

2017-04-30

25.28%

2017-01-31

27.36%

2016-10-31

26.40%

2016-07-31

27.32%

2016-04-30

24.66%

2016-01-31

26.33%

2015-10-31

21.75%

2015-07-31

28.19%

2015-04-30

23.09%

2015-01-31

26.13%

2014-10-31

23.24%

2014-07-31

26.24%

2014-04-30

26.48%

2014-01-31

26.23%

2013-10-31

16.32%

2013-07-31

19.63%

2013-04-30

24.09%

2013-01-31

25.48%

2012-10-31

24.37%

2012-07-31

25.42%

2012-04-30

26.62%

2012-01-31

22.94%

2011-10-31

27.42%

2011-07-31

26.18%

2011-04-30

23.70%

2011-01-31

25.21%

2010-10-31

21.67%

2010-07-31

23.21%

2010-04-30

23.49%

2010-01-31

23.62%

2009-10-31

17.77%

2009-07-31

16.78%

2009-04-30

7.99%

2009-01-31

7.55%

2008-10-31

16.12%

2008-07-31

16.43%

2008-04-30

16.39%

2008-01-31

17.98%

2007-10-31

18.87%

2007-07-31

21.21%

2007-04-30

17.83%

2007-01-31

18.22%

2006-10-31

21.80%

2006-07-31

18.08%

2006-04-30

18.59%

2006-01-31

45.20%

2005-10-31

17.23%

2005-07-31

8.76%

2005-04-30

17.94%

2005-01-31

19.30%

2004-10-31

18.88%

2004-07-31

18.92%

2004-04-30

16.68%

2004-01-31

22.72%

2003-10-31

15.23%

2003-07-31

15.63%

2003-04-30

-7.05%

2003-01-31

11.68%

2002-10-31

-9.44%

2002-07-31

-17.51%

Operating Margin: 18.60%

TD Operating Margin

TD Average Operating Margin Chart

TD Current vs Average Operating Margin Chart

TD Operating Margin Metrics

TD Competitors' Operating Margin

Operating Efficiency

Operating Margin Formula & Definition

Operating Margin FAQ

TD Operating Margin History

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