Basic earnings per share is calculated by dividing net income attributable to bank shareholders, after deducting dividends payable on preferred shares and distributions payable on other equity instruments, by the daily average number of fully paid common shares outstanding throughout the period.

Diluted earnings per share is calculated in the same manner, with further adjustments made to reflect the dilutive impact of instruments convertible into our common shares.


(Canadian $ in millions, except as noted)	For the three months ended				For the six months ended
	April 30, 2026		April 30, 2025		April 30, 2026		April 30, 2025
Net income attributable to bank shareholders	$	2,626	$	1,960	$	5,116	$	4,094
Dividends on preferred shares and distributions on other equity instruments	(139)		(142)		(220)		(207)
Net income available to common shareholders	$	2,487	$	1,818	$	4,896	$	3,887
Weighted-average number of common shares outstanding (in thousands)	702,670		725,402		705,583		727,518
Basic earnings per common share (Canadian $)	$	3.54	$	2.51	$	6.94	$	5.34


(Canadian $ in millions, except as noted)	For the three months ended				For the six months ended
	April 30, 2026		April 30, 2025		April 30, 2026		April 30, 2025
Net income available to common shareholders	$	2,487	$	1,818	$	4,896	$	3,887
Weighted-average number of common shares outstanding (in thousands)	702,670		725,402		705,583		727,518
Dilutive impact of stock options (1)
Stock options potentially exercisable	4,956		5,893		5,134		6,072
Common shares potentially repurchased	(3,040)		(4,855)		(3,360)		(4,989)
Weighted-average number of diluted common shares outstanding (in thousands)	704,586		726,440		707,357		728,601
Diluted earnings per common share (Canadian $)	$	3.53	$	2.50	$	6.92	$	5.34

(1)The dilutive effect of stock options was calculated using the treasury stock method. In computing diluted earnings per share, we excluded average stock options outstanding of 764,400 and 637,704 with a weighted-average exercise price of $196.75 and $199.52 for the three and six months ended April 30, 2026, respectively (716,633 and 594,569 with a weighted-average exercise price of $150.60 and 151.95 for the three and six months ended April 30, 2025, respectively), as the average share price for the periods did not exceed the exercise price.