v3.26.1
Earnings per share
 9 Months Ended
Jul. 31, 2026
Text Block [Abstract]  
Earnings per share
Note 11
  
Earnings per share
 
     For the three months ended          For the nine months ended  
(Millions of Canadian dollars, except share and per share amounts)
  
July 31
2026
    
July 31
2025
         
July 31
2026
    
July 31
2025
  
Basic earnings per share
          
Net income
  
$
6,024
 
   $ 5,414      
$
17,318
 
   $ 14,935  
Dividends on preferred shares and distributions on other equity instruments
  
 
(143
)
     (125 )    
 
(419
)
     (355 ) 
Net income attributable to non-controlling interests
  
 
(2
)
     1        
 
(5
)
     (5 ) 
Net income available to common shareholders
  
$
5,879
 
   $ 5,290        
$
16,894
 
   $ 14,575  
Weighted average number of common shares (in thousands)
  
 
1,387,423
 
     1,407,280      
 
1,393,110
 
     1,410,854  
Basic earnings per share (in dollars)
  
$
4.24
 
   $ 3.76        
$
12.13
 
   $ 10.33  
Diluted earnings per share
          
Net income available to common shareholders
  
$
5,879
 
   $ 5,290        
$
16,894
 
   $ 14,575  
Weighted average number of common shares (in thousands)
  
 
 1,387,423
 
      1,407,280      
 
 1,393,110
 
      1,410,854  
Stock options
(1)
  
 
3,651
 
     2,400        
 
3,432
 
     2,381  
Average number of diluted common shares (in thousands)
  
 
1,391,074
 
     1,409,680      
 
1,396,542
 
     1,413,235  
Diluted earnings per share (in dollars)
  
$
4.23
 
   $ 3.75        
$
12.10
 
   $ 10.31  
 
(1)   The dilutive effect of stock options was calculated using the treasury stock method. When the exercise price of outstanding
 options
is greater than the average market price of our common shares, the options are excluded from the calculation of diluted earnings per share. For the three months ended July 31, 2026, no outstanding options were excluded from the calculation of diluted earnings per share. For the three months ended July 31, 2025, an average of 915,683 outstanding options with an average exercise price of $177.97 were excluded from the calculation of diluted earnings per share. For the nine months ended July 31, 2026,
no
outstanding options were excluded from the calculation of diluted earnings per share. For the nine months ended July 31, 2025, an average of 762,532 outstanding options with an average exercise price of $177.97 were excluded from the calculation of diluted earnings per share.