Financials in USD. Standardized financial statements.
A compact view of how M&T Bank Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $12.31B | $13.40B | $12.51B | $8.44B | $6.08B | $6.28B | $6.94B | $6.45B | $6.02B | $5.72B |
| Revenue Growth? | -8.2% | +7.2% | +48.2% | +38.9% | -3.3% | -9.5% | +7.5% | +7.2% | +5.2% | 0.0% |
| Cost of Revenue? | $3.12B | $4.78B | $3.75B | $942.00M | $39.00M | $1.13B | $925.33M | $658.41M | $554.75M | $615.98M |
| Gross Profit? | $9.19B | $8.62B | $8.75B | $7.50B | $6.04B | $5.15B | $6.02B | $5.80B | $5.46B | $5.11B |
| Gross Margin? | +74.6% | +64.3% | +70.0% | +88.8% | +99.4% | +82.1% | +86.7% | +89.8% | +90.8% | +89.2% |
| Operating Expenses? | $5.49B | $5.31B | $5.13B | $4.88B | $3.58B | $3.39B | $3.47B | $3.29B | $3.14B | $3.05B |
| Operating Income? | $3.69B | $3.31B | $3.62B | $2.61B | $2.46B | $1.77B | $2.55B | $2.51B | $2.32B | $2.06B |
| EBITDA? | $3.96B | $3.82B | $4.12B | $3.05B | $2.78B | $2.09B | $2.85B | $2.69B | $2.52B | $2.26B |
| Income Before Tax | $3.69B | $3.31B | $3.62B | $2.61B | $2.46B | $1.77B | $2.55B | $2.51B | $2.32B | $2.06B |
| Income Tax Expense | $841.00M | $722.00M | $878.00M | $620.00M | $596.00M | $416.37M | $618.11M | $590.16M | $915.56M | $743.28M |
| Net Income? | $2.85B | $2.59B | $2.74B | $1.99B | $1.86B | $1.35B | $1.93B | $1.92B | $1.41B | $1.32B |
| EPS? | $17.10 | $14.71 | $15.85 | $11.59 | $13.81 | $9.94 | $13.76 | $12.75 | $8.72 | $7.80 |
| Diluted EPS? | $17.00 | $14.64 | $15.79 | $11.53 | $13.80 | $9.94 | $13.75 | $12.74 | $8.70 | $7.78 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality