The total revenue of Toronto-Dominion Bank (TD Bank) increased with some fluctuations between 2013 and 2024. In 2024, the total revenue of TD Bank exceeded 57 billion Canadian dollars, which was the highest value of revenue during the observed period.

Toronto-Dominion Bank's largest revenue segment between 2022 and 2024 was domestic personal and commercial banking. The revenues from Canadian domestic personal and commercial banking grew from around 16.6 billion Canadian dollars in 2022 to around 19.8 billion Canadian dollars in 2024. All other segments of the bank increased in 2024 compared to 2023, when the sharp decline in the corporate segment was observed.

The largest revenues from the U.S. retail banking segment of Toronto-Dominion Bank (TD Bank) were generated in personal banking, which originated around 8.46 billion Canadian dollars in 2024. The revenues from all business lines except others in the U.S. retail banking segment increased in 2024.

Toronto-Dominion Bank reported CAD2.79B in Net Income for its fiscal quarter ending in January of 2025. Data for Toronto-Dominion Bank | TD - Net Income including historical, tables and charts were last updated by Trading Economics this last March in 2025.

The net income of Toronto-Dominion Bank (TD Bank) increased steadily between 2013 and 2022 but dropped significantly in 2023 and 2024. The bank's net income peaked in 2022, at a value of around 17.43 billion Canadian dollars. In 2024, however, TD Bank reported its lowest net income since 2017, at 8.84 billion Canadian dollars.

Toronto-Dominion Bank reported 14.05B in Sales Revenues for its fiscal quarter ending in January of 2025. Data for Toronto-Dominion Bank | TD - Sales Revenues including historical, tables and charts were last updated by Trading Economics this last March in 2025.

The largest revenues from the wholesale banking segment of Toronto-Dominion Bank (TD Bank) came from the global markets business line, which originated around 4.22 billion Canadian dollars in 2024. It was followed by corporate and investment banking, which generated approximately 3.1 billion Canadian dollars during the same year.

United States TD: Net Income Due to Bank data was reported at 655,125.000 USD th in Dec 2019. This records a decrease from the previous number of 659,303.000 USD th for Sep 2019. United States TD: Net Income Due to Bank data is updated quarterly, averaging 154,117.000 USD th from Dec 2000 (Median) to Dec 2019, with 77 observations. The data reached an all-time high of 715,713.000 USD th in Jun 2019 and a record low of 4,549.000 USD th in Jun 2009. United States TD: Net Income Due to Bank data remains active status in CEIC and is reported by Federal Deposit Insurance Corporation. The data is categorized under Global Database’s United States – Table US.KB062: Financial Data: Federal Deposit Insurance Corporation: TD Bank.

The largest revenues of Toronto-Dominion Bank's Canadian retail banking segment - which is the bank's largest segment - were generated in the personal banking business line between 2019 and 2023. Personal banking revenues dropped from around 12.1 billion Canadian dollars in 2019, down to around 11.5 billion Canadian dollars in 2022, but increased again in 2023, exceeding 12.7 billion Canadian dollars.

United States TD: Applicable Income Taxes: Extraordinary Items data was reported at 655,125.000 USD th in Dec 2019. This records a decrease from the previous number of 659,303.000 USD th for Sep 2019. United States TD: Applicable Income Taxes: Extraordinary Items data is updated quarterly, averaging 162,676.000 USD th from Dec 2000 (Median) to Dec 2019, with 77 observations. The data reached an all-time high of 715,713.000 USD th in Jun 2019 and a record low of 10,665.000 USD th in Mar 2001. United States TD: Applicable Income Taxes: Extraordinary Items data remains active status in CEIC and is reported by Federal Deposit Insurance Corporation. The data is categorized under Global Database’s United States – Table US.KB062: Financial Data: Federal Deposit Insurance Corporation: TD Bank.

Canada TDB: Net Interest Income After Charge for Impairment data was reported at 20,901,970.000 CAD th in Dec 2019. This records an increase from the previous number of 15,618,572.000 CAD th for Sep 2019. Canada TDB: Net Interest Income After Charge for Impairment data is updated quarterly, averaging 4,247,407.500 CAD th from Mar 1996 (Median) to Dec 2019, with 96 observations. The data reached an all-time high of 20,901,970.000 CAD th in Dec 2019 and a record low of 605,090.000 CAD th in Mar 1996. Canada TDB: Net Interest Income After Charge for Impairment data remains active status in CEIC and is reported by Office of the Superintendent of Financial Institutions Canada. The data is categorized under Global Database’s Canada – Table CA.KB045: Statement of Comprehensive Income: Domestic Banks: Toronto-Dominion Bank. Source: Financial Data for Banks - Summary Income Statement (http://www.osfi-bsif.gc.ca/Eng/wt-ow/Pages/FINDAT.aspx), excluding any specific financial institutions data. Reproduced with permission from the Office of the Superintendent of Financial Institutions (OSFI), 2020 Disclaimer Notice: The reproduction of the information reproduced under permission by the Minister of Public Works and Government Services Canada in no way implies any official endorsement by the Office of the Superintendent of Financial Institutions Canada, nor of the Minister of Public Works and Government Services Canada, and does it imply any endorsement of the services offered by CEIC Data Company limited.

TD Bank reported CAD3.56B in Pre-Tax Profit for its fiscal quarter ending in October of 2024. Data for TD Bank | TD - Pre Tax Profit including historical, tables and charts were last updated by Trading Economics this last March in 2025.

United States TD: Total Interest Income data was reported at 2,340,495.000 USD th in Dec 2019. This records a decrease from the previous number of 2,424,848.000 USD th for Sep 2019. United States TD: Total Interest Income data is updated quarterly, averaging 1,168,685.000 USD th from Dec 2000 (Median) to Dec 2019, with 77 observations. The data reached an all-time high of 2,451,808.000 USD th in Jun 2019 and a record low of 72,335.000 USD th in Dec 2001. United States TD: Total Interest Income data remains active status in CEIC and is reported by Federal Deposit Insurance Corporation. The data is categorized under Global Database’s United States – Table US.KB062: Financial Data: Federal Deposit Insurance Corporation: TD Bank.

The revenue of Canada’s five largest banks grew steadily between 2015 and 2024. The Royal Bank of Canada (RBC) recorded the highest total revenue in 2024, reaching 57.3 billion Canadian dollars, followed closely by Toronto-Dominion Bank (TD Bank) with over 57.2 billion Canadian dollars. All five banks reported increased revenues in 2024 compared to the previous year.

Canada TDB: PI: Current data was reported at 2,768,072.000 CAD th in Dec 2019. This records an increase from the previous number of 2,042,353.000 CAD th for Sep 2019. Canada TDB: PI: Current data is updated quarterly, averaging 463,893.500 CAD th from Mar 1996 (Median) to Dec 2019, with 96 observations. The data reached an all-time high of 2,797,333.000 CAD th in Dec 2018 and a record low of -406,000.000 CAD th in Dec 2002. Canada TDB: PI: Current data remains active status in CEIC and is reported by Office of the Superintendent of Financial Institutions Canada. The data is categorized under Global Database’s Canada – Table CA.KB045: Statement of Comprehensive Income: Domestic Banks: Toronto-Dominion Bank. Source: Financial Data for Banks - Summary Income Statement (http://www.osfi-bsif.gc.ca/Eng/wt-ow/Pages/FINDAT.aspx), excluding any specific financial institutions data. Reproduced with permission from the Office of the Superintendent of Financial Institutions (OSFI), 2020 Disclaimer Notice: The reproduction of the information reproduced under permission by the Minister of Public Works and Government Services Canada in no way implies any official endorsement by the Office of the Superintendent of Financial Institutions Canada, nor of the Minister of Public Works and Government Services Canada, and does it imply any endorsement of the services offered by CEIC Data Company limited.

Canada's inflation rate experienced significant fluctuations from 2018 to 2024. Inflation peaked at 8.1 percent in June 2022 before steadily declining to 1.8 percent by December 2024. In response to rising inflation between 2020 and 2022, the Bank of Canada implemented aggressive interest rate hikes. The bank rate reached a maximum of 5.25 percent in July 2023 and remained stable until June 2024. As inflationary pressures eased in the second half of 2024, the central bank reduced interest rates to 3.5 percent in December 2024. This pattern reflected broader global economic trends, with most advanced and emerging economies experiencing similar inflationary challenges and monetary policy adjustments. Global context of inflation and interest rates The Canadian experience aligns with the broader international trend of central banks raising policy rates to combat inflation. Between 2021 and 2023, nearly all advanced and emerging economies increased their central bank rates. However, a shift occurred in the latter half of 2024, with many countries, including Canada, beginning to lower rates. This change suggests a new phase in the global economic cycle and monetary policy approach. Notably, among surveyed countries, Russia maintained the highest interest rate in December 2024, while Japan had the lowest rate. Comparison with the United States The United States experienced a similar trajectory in inflation and interest rates. U.S. inflation peaked at 9.1 percent in June 2022, slightly higher than Canada's peak. The Federal Reserve responded with a series of rate hikes, reaching 5.33 percent in August 2023. This rate remained unchanged until September 2024, when the first cut since September 2021 was implemented. In contrast, Canada's bank rate peaked at 5.25 percent and began decreasing earlier, with cuts in June and July 2024. These differences highlight the nuanced approaches of central banks in managing their respective economies amid global inflationary pressures.

Canada TDB: ID: Others data was reported at 0.000 CAD th in Dec 2019. This stayed constant from the previous number of 0.000 CAD th for Sep 2019. Canada TDB: ID: Others data is updated quarterly, averaging 0.000 CAD th from Mar 1996 (Median) to Dec 2019, with 96 observations. The data reached an all-time high of 36,851.000 CAD th in Dec 2000 and a record low of -1,572.000 CAD th in Dec 2001. Canada TDB: ID: Others data remains active status in CEIC and is reported by Office of the Superintendent of Financial Institutions Canada. The data is categorized under Global Database’s Canada – Table CA.KB045: Statement of Comprehensive Income: Domestic Banks: Toronto-Dominion Bank. Source: Financial Data for Banks - Summary Income Statement (http://www.osfi-bsif.gc.ca/Eng/wt-ow/Pages/FINDAT.aspx), excluding any specific financial institutions data. Reproduced with permission from the Office of the Superintendent of Financial Institutions (OSFI), 2020 Disclaimer Notice: The reproduction of the information reproduced under permission by the Minister of Public Works and Government Services Canada in no way implies any official endorsement by the Office of the Superintendent of Financial Institutions Canada, nor of the Minister of Public Works and Government Services Canada, and does it imply any endorsement of the services offered by CEIC Data Company limited.

In 2024, the Royal Bank of Canada (RBC) stood out as the most profitable bank among Canada's largest financial institutions, reporting a net income exceeding 16.2 billion Canadian dollars. Toronto-Dominion Bank (TD Bank) ranked second, with a net income of approximately 8.8 billion Canadian dollars. In addition to leading in profitability, RBC also held the largest asset volume, surpassing two trillion Canadian dollars.

United States TD: Memo: Income Earned, Not Collected on Loans data was reported at 1,146,389.000 USD th in Dec 2019. This records an increase from the previous number of 1,139,905.000 USD th for Sep 2019. United States TD: Memo: Income Earned, Not Collected on Loans data is updated quarterly, averaging 360,493.000 USD th from Dec 2000 (Median) to Dec 2019, with 77 observations. The data reached an all-time high of 1,167,555.000 USD th in Jun 2019 and a record low of 16,043.000 USD th in Dec 2000. United States TD: Memo: Income Earned, Not Collected on Loans data remains active status in CEIC and is reported by Federal Deposit Insurance Corporation. The data is categorized under Global Database’s United States – Table US.KB062: Financial Data: Federal Deposit Insurance Corporation: TD Bank.

The embedded finance market is projected to expand its roots at a strong CAGR of 16.5% during the forecast period. The market is likely to hold a revenue of US$ 63.2 billion in 2023 while it is anticipated to cross a value of US$ 291.3 billion by 2033.

Attributes	Details
Embedded Finance Market CAGR (2023 to 2033)	16.5%
Embedded Finance Market Size (2023)	US$ 63.2 billion
Embedded Finance Market Size (2033)	US$ 291.3 billion

Country-wise Insights

Countries	Revenue Share % (2022)
The United States	22.3%
Germany	12.3%
Japan	7.1%
Australia	3.2%
North America	32.5%
Europe	25.4%

Countries	CAGR % (2023 to 2033)
China	17.7%
India	19.5%
The United Kingdom	16.3%

Category-Wise Landscape

Category	By Type
Leading Segment	Embedded Banking
Market Share (2022)	32.1%

Category	By End User Type
Leading Segment	Investment Banks and Investment Companies
Market Share (2022)	27.2%