The Toronto-Dominion Bank (TD) Earnings Call Summary — Q3 FY26
TD is Canada's #2 bank with a big US branch network.
The Toronto-Dominion Bank (TD) reported Q3 FY26 results on August 27, 2026. Earnings per share came in at $1.98 against a $1.74 consensus, so the company beat on the bottom line. Revenue of $12.07B landed above the $10.70B estimate. TD has beaten consensus EPS in 7 of its last 8 reported quarters. Highlights from management's remarks on the call are below.
Key highlights from the call
Operator: “Good morning, everyone, and welcome to the TD Bank Group Q3 2025 Earnings Conference Call.”
CEO: “It's a privilege to serve over 28 million households and businesses, and we will continue working hard every day to understand their needs and help them achieve their goals.”
President and CEO, TD Bank: “At this point, we are where we thought we would be in our work and continue to expect that we will complete the majority of our management remediation actions by the end of calendar 2025.”
CFO: “Total bank PTPP was up 13% year-over-year after removing the impact of the U.S.”
Chief Risk Officer: “Gross impaired loan formations were 26 basis points, an increase of 5 basis points of $402 million quarter-over-quarter.”
What moved the stock
TD Bank beat handily for fiscal Q3, with EPS of $1.98 versus the $1.74 consensus and revenue of $12.1B against $10.7B expected, a 12.7% top-line beat. Record results were driven by capital markets strength, cost control, and broad growth across Canadian businesses, with the bank also citing meaningful AI-driven cost value delivered ahead of schedule.