Financials in CAD. Standardized financial statements.
A compact view of how National Bank of Canada 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? | $30.80B | $10.83B | $9.77B | $9.62B | $8.90B | $11.12B | $7.30B | $7.14B | $6.37B | $5.36B |
| Revenue Growth? | +184.3% | +10.8% | +1.6% | +8.0% | -19.9% | +52.3% | +2.3% | +12.1% | +18.8% | 0.0% |
| Cost of Revenue? | $17.79B | $17.60B | -$388.00M | $0 | $0 | $3.22B | $0 | -$9.00M | -$203.00M | -$664.00M |
| Gross Profit? | $13.01B | $10.84B | $10.16B | $9.62B | $8.90B | $7.90B | $7.30B | $7.14B | $6.57B | $6.02B |
| Gross Margin? | +42.2% | +100.1% | +104.0% | +100.0% | +100.0% | +71.0% | +100.0% | +100.1% | +103.2% | +112.4% |
| Operating Expenses? | $7.87B | $5.51B | $5.13B | $4.93B | $4.49B | $7.90B | $7.30B | -$903.00M | $6.57B | $6.02B |
| Operating Income? | $5.13B | $4.54B | $4.64B | $4.69B | $4.44B | $3.09B | $3.31B | $3.21B | $2.89B | $2.03B |
| EBITDA? | $5.79B | $5.06B | $0 | $4.73B | $4.46B | $2.96B | $3.08B | $3.05B | $2.82B | $1.88B |
| Income Before Tax | $5.13B | $4.78B | $3.97B | $4.28B | $4.02B | $2.54B | $2.78B | $2.78B | $2.51B | $1.48B |
| Income Tax Expense | $1.12B | $961.00M | $637.00M | $894.00M | $882.00M | $453.00M | $462.00M | $544.00M | $484.00M | $225.00M |
| Net Income? | $4.02B | $3.82B | $3.34B | $3.38B | $3.14B | $2.04B | $2.26B | $2.15B | $1.94B | $1.18B |
| EPS? | $10.18 | $10.78 | $9.47 | $9.72 | $8.95 | $5.73 | $6.39 | $6.01 | $5.44 | $3.31 |
| Diluted EPS? | $10.07 | $10.68 | $9.38 | $9.61 | $8.85 | $5.70 | $6.34 | $5.94 | $5.38 | $3.29 |
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