v3.26.1
Earnings per Share
 9 Months Ended
Jul. 31, 2026
Earnings per Share [Abstract]  
Earnings per Share
NOTE 16: EARNINGS PER SHARE
Basic earnings per share is calculated by
 
dividing net income available to common
 
shareholders by the weighted-average number
 
of common shares outstanding
for the period.
 
Diluted earnings per share is calculated using
 
the same method as basic earnings per
 
share except that certain adjustments are made
 
to net income available
to common shareholders and the weighted-average
 
number of shares outstanding for the effects of
 
all dilutive potential common shares
 
that are assumed to be
issued by the Bank.
The following table presents the Bank’s basic and
 
diluted earnings per share for the three and
 
nine months ended July 31, 2026 and
 
July 31, 2025.
Basic and Diluted Earnings Per Share
(millions of Canadian dollars, except
 
as noted)
For the three months ended
For the nine months ended
July 31
July 31
July 31
July 31
2026
2025
2026
2025
Basic earnings per share
Net income available to common shareholders
$
4,521
$
3,248
$
12,512
$
16,884
Weighted-average number of common shares outstanding
 
(millions)
1,646.0
1,716.7
1,662.3
1,735.7
Basic earnings per share
(Canadian dollars)
$
2.75
$
1.89
$
7.53
$
9.73
Diluted earnings per share
Net income available to common shareholders
 
including impact of dilutive securities
$
4,521
$
3,248
$
12,512
$
16,884
Weighted-average number of common shares outstanding
 
(millions)
1,646.0
1,716.7
1,662.3
1,735.7
Effect of dilutive securities
Stock options potentially exercisable (millions)
1
6.2
2.2
5.3
1.3
Weighted-average number of common shares outstanding
 
– diluted (millions)
1,652.2
1,718.9
1,667.6
1,737.0
Diluted earnings per share
(Canadian dollars)
1
$
2.74
$
1.89
$
7.50
$
9.72
For the three and nine months ended July 31, 2026, and the three months ended July 31, 2025,
no
 
outstanding options were excluded from the computation of diluted earnings per share.
For the nine months ended July 31, 2025, the computation of diluted earnings per share excluded average options
 
outstanding of
4.7
 
million with a weighted-average exercise price of
$
92.91
, as the option price was greater than the average market price of the Bank’s common shares.