Toronto Historical Income Statement

TD Stock

CAD 78.51 0.40 0.51%

Historical analysis of Toronto Dominion income statement accounts such as Gross Profit of 63.9 B, Other Operating Expenses of 47.1 B, Operating Income of 15.1 B or Ebit of 15.1 B can show how well Toronto Dominion Bank performed in making a profits. Evaluating Toronto Dominion income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Toronto Dominion's future profits or losses.

Cash Flow Balance Sheet Income Statement

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Toronto Dominion Bank latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Toronto Dominion Bank is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Toronto Dominion Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

About Toronto Income Statement Analysis

Toronto Dominion Bank Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Toronto Dominion shareholders. The income statement also shows Toronto investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Toronto Dominion Income Statement Chart

At this time, Toronto Dominion's Income Tax Expense is very stable compared to the past year. As of the 24th of November 2024, Selling And Marketing Expenses is likely to grow to about 1.8 B, while Depreciation And Amortization is likely to drop about 1.2 B.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses Ebitda Interest Income

Total Revenue

Total revenue comprises all receipts Toronto Dominion Bank generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Toronto Dominion Bank minus its cost of goods sold. It is profit before Toronto Dominion operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Toronto Dominion Bank. It is also known as Toronto Dominion overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Most accounts from Toronto Dominion's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Toronto Dominion Bank current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Toronto Dominion Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

	2021	2022	2023	2024 (projected)
Interest Expense	13.7B	50.7B	58.3B	61.3B
Depreciation And Amortization	1.8B	1.9B	2.2B	1.2B

Interest Expense Depreciation And Amortization

Toronto Dominion income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling And Marketing Expenses	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Interest Income	Non Recurring	Reconciled Depreciation
Depreciation And Amortization		0.38	0.75	0.78	0.78	0.63	0.35	0.35	0.41	-0.75	0.78	0.27	0.85	0.62	0.61	0.66	0.55	0.76	0.41	-0.69	0.8
Interest Expense	0.38		0.82	0.79	0.79	0.87	-0.07	-0.07	-0.04	-0.75	0.41	0.45	0.11	0.61	0.86	0.31	0.51	0.79	1.0	-0.44	0.6
Selling General Administrative	0.75	0.82		0.99	0.99	0.89	0.27	0.27	0.32	-0.87	0.8	0.34	0.56	0.81	0.92	0.61	0.65	0.82	0.84	-0.68	0.73
Total Revenue	0.78	0.79	0.99		1.0	0.87	0.31	0.31	0.36	-0.86	0.83	0.31	0.6	0.83	0.9	0.65	0.66	0.83	0.81	-0.74	0.74
Gross Profit	0.78	0.79	0.99	1.0		0.87	0.31	0.31	0.36	-0.86	0.83	0.31	0.61	0.83	0.9	0.65	0.66	0.83	0.81	-0.74	0.74
Other Operating Expenses	0.63	0.87	0.89	0.87	0.87		-0.19	-0.19	-0.13	-0.96	0.5	0.71	0.27	0.57	0.8	0.37	0.41	0.79	0.88	-0.56	0.76
Operating Income	0.35	-0.07	0.27	0.31	0.31	-0.19		1.0	1.0	0.14	0.7	-0.75	0.71	0.59	0.26	0.64	0.59	0.19	-0.04	-0.43	0.04
Ebit	0.35	-0.07	0.27	0.31	0.31	-0.19	1.0		1.0	0.14	0.7	-0.75	0.71	0.59	0.26	0.64	0.59	0.19	-0.04	-0.43	0.04
Ebitda	0.41	-0.04	0.32	0.36	0.36	-0.13	1.0	1.0		0.08	0.74	-0.71	0.76	0.62	0.3	0.67	0.62	0.24	-0.01	-0.47	0.1
Total Operating Expenses	-0.75	-0.75	-0.87	-0.86	-0.86	-0.96	0.14	0.14	0.08		-0.54	-0.7	-0.41	-0.54	-0.73	-0.37	-0.39	-0.77	-0.76	0.6	-0.75
Income Before Tax	0.78	0.41	0.8	0.83	0.83	0.5	0.7	0.7	0.74	-0.54		-0.05	0.88	0.91	0.75	0.9	0.82	0.67	0.46	-0.78	0.62
Total Other Income Expense Net	0.27	0.45	0.34	0.31	0.31	0.71	-0.75	-0.75	-0.71	-0.7	-0.05		-0.14	0.01	0.3	-0.05	-0.06	0.36	0.45	-0.12	0.52
Net Income	0.85	0.11	0.56	0.6	0.61	0.27	0.71	0.71	0.76	-0.41	0.88	-0.14		0.7	0.46	0.83	0.69	0.59	0.15	-0.69	0.54
Income Tax Expense	0.62	0.61	0.81	0.83	0.83	0.57	0.59	0.59	0.62	-0.54	0.91	0.01	0.7		0.85	0.81	0.95	0.72	0.64	-0.76	0.56
Selling And Marketing Expenses	0.61	0.86	0.92	0.9	0.9	0.8	0.26	0.26	0.3	-0.73	0.75	0.3	0.46	0.85		0.65	0.76	0.84	0.88	-0.56	0.75
Net Income From Continuing Ops	0.66	0.31	0.61	0.65	0.65	0.37	0.64	0.64	0.67	-0.37	0.9	-0.05	0.83	0.81	0.65		0.81	0.68	0.38	-0.74	0.67
Tax Provision	0.55	0.51	0.65	0.66	0.66	0.41	0.59	0.59	0.62	-0.39	0.82	-0.06	0.69	0.95	0.76	0.81		0.72	0.55	-0.69	0.52
Net Interest Income	0.76	0.79	0.82	0.83	0.83	0.79	0.19	0.19	0.24	-0.77	0.67	0.36	0.59	0.72	0.84	0.68	0.72		0.82	-0.68	0.85
Interest Income	0.41	1.0	0.84	0.81	0.81	0.88	-0.04	-0.04	-0.01	-0.76	0.46	0.45	0.15	0.64	0.88	0.38	0.55	0.82		-0.48	0.64
Non Recurring	-0.69	-0.44	-0.68	-0.74	-0.74	-0.56	-0.43	-0.43	-0.47	0.6	-0.78	-0.12	-0.69	-0.76	-0.56	-0.74	-0.69	-0.68	-0.48		-0.59
Reconciled Depreciation	0.8	0.6	0.73	0.74	0.74	0.76	0.04	0.04	0.1	-0.75	0.62	0.52	0.54	0.56	0.75	0.67	0.52	0.85	0.64	-0.59

Click cells to compare fundamentals

Toronto Dominion Account Relationship Matchups

Toronto Dominion income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	2.1B	2.1B	1.8B	1.9B	2.2B	1.2B
Interest Expense	10.0B	5.5B	13.7B	50.7B	58.3B	61.3B
Selling General Administrative	14.8B	15.1B	16.3B	19.5B	22.4B	23.5B
Total Revenue	43.3B	42.3B	45.8B	52.9B	60.9B	63.9B
Gross Profit	43.3B	42.3B	45.8B	52.9B	60.9B	63.9B
Other Operating Expenses	30.2B	24.3B	10.7B	39.0B	44.8B	47.1B
Operating Income	13.0B	17.9B	35.1B	14.0B	16.0B	15.1B
Ebit	13.0B	17.9B	35.1B	14.0B	16.0B	15.1B
Ebitda	15.2B	20.0B	36.9B	15.9B	18.2B	16.3B
Total Operating Expenses	(30.2B)	(24.3B)	(10.7B)	(39.0B)	(35.1B)	(33.3B)
Income Before Tax	11.9B	17.1B	20.4B	13.1B	15.0B	15.8B
Total Other Income Expense Net	(1.1B)	(785M)	(14.7B)	(864M)	(993.6M)	(1.0B)
Net Income	11.9B	14.3B	17.4B	10.8B	12.4B	6.3B
Income Tax Expense	1.2B	3.6B	4.0B	3.2B	3.6B	3.8B
Selling And Marketing Expenses	740M	1.2B	1.4B	1.5B	1.7B	1.8B
Net Income From Continuing Ops	11.9B	14.3B	17.4B	10.8B	12.4B	12.4B
Net Income Applicable To Common Shares	11.4B	11.6B	14.0B	17.2B	19.7B	12.2B
Tax Provision	1.2B	3.6B	4.0B	3.2B	3.6B	2.9B
Net Interest Income	25.6B	24.1B	27.4B	29.9B	34.4B	26.0B
Interest Income	33.9B	28.0B	41.0B	80.7B	92.8B	97.4B
Reconciled Depreciation	2.1B	2.1B	1.8B	1.9B	2.2B	1.9B

Pair Trading with Toronto Dominion

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Toronto Dominion position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Toronto Dominion will appreciate offsetting losses from the drop in the long position's value.

Moving against Toronto Stock

0.69	JPM	JPMorgan Chase	Pair Corr
0.57	BOFA	Bank of America	Pair Corr
0.44	GOOG	Alphabet CDR	Pair Corr
0.32	WMT	Walmart Inc CDR	Pair Corr

The ability to find closely correlated positions to Toronto Dominion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Toronto Dominion when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Toronto Dominion - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Toronto Dominion Bank to buy it.

The correlation of Toronto Dominion is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Toronto Dominion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Toronto Dominion Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Toronto Dominion can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Toronto Dominion Bank is a strong investment it is important to analyze Toronto Dominion's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Toronto Dominion's future performance. For an informed investment choice regarding Toronto Stock, refer to the following important reports:

How To Invest In Toronto

Details

Is Toronto Stock a good investment?

Details

What is Toronto Dominion's Net Worth?

Details

Largest Diversified Banks Companies

View

Largest Banks - Diversified Companies

View

You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Please note, there is a significant difference between Toronto Dominion's value and its price as these two are different measures arrived at by different means. Investors typically determine if Toronto Dominion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Toronto Dominion's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Toronto Historical Income Statement

About Toronto Income Statement Analysis

Toronto Dominion Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Interest Income

Toronto Dominion income statement Correlations

Toronto Dominion Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Toronto Dominion income statement Accounts

Pair Trading with Toronto Dominion

Moving against Toronto Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Interest Income	+ 1.0	Interest Expense
Gross Profit	+ 1.0	Total Revenue
Ebit	+ 1.0	Operating Income
Ebitda	+ 1.0	Operating Income
Ebitda	+ 1.0	Ebit
Total Revenue	+ 0.99	Selling General Administrative

Total Operating Expenses	- 0.96	Other Operating Expenses
Total Operating Expenses	- 0.87	Selling General Administrative
Total Operating Expenses	- 0.86	Gross Profit
Total Operating Expenses	- 0.86	Total Revenue
Non Recurring	- 0.78	Income Before Tax
Net Interest Income	- 0.77	Total Operating Expenses