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Share-Based Compensation (Tables)
 12 Months Ended
Oct. 31, 2025
Share-Based Compensation [Abstract]  
Summary of Stock Option Activity
The following table summarizes the Bank’s stock
 
option activity and related information,
 
adjusted to reflect the impact of the 2014
 
stock
dividend on a retrospective basis, for the
 
years ended October 31, 2025
 
and October 31, 2024.
Stock Option Activity
(millions of shares and Canadian dollars)
2025
2024
Weighted-
Weighted-
Number
average
Number
average
of shares
exercise price
of shares
exercise price
Number outstanding, beginning of year
14.7
$
79.17
14.1
$
76.58
Granted
2.0
75.76
2.6
81.78
Exercised
(2.3)
65.99
(1.7)
60.07
Forfeited/expired
(0.2)
85.29
(0.3)
85.36
Number outstanding, end of year
14.2
$
80.65
14.7
$
79.17
Exercisable, end of year
5.2
$
70.94
5.4
$
68.51
Available for grant
3.4
5.1
Range of Exercise Prices
The following table summarizes information
 
relating to stock options outstanding and
 
exercisable as at October 31, 2025.
Range of Exercise Prices
(millions of shares and Canadian dollars)
 
Options outstanding
 
Options exercisable
Weighted-
 
average
Weighted-
 
Weighted-
 
Number
remaining
average
Number
average
 
of shares
contractual
exercise
of shares
exercise
outstanding
life (years)
price
exercisable
price
$
53.15
-$
69.39
1.7
2.3
68.07
1.7
68.07
$
71.88
-$
72.64
2.2
4.0
72.13
2.2
72.13
$
72.84
-$
81.78
5.6
7.5
77.67
1.3
72.84
$
90.55
2.4
7.0
90.55
–
–
$
95.33
2.3
6.0
95.33
–
–
Schedule of Assumptions Used for Estimating the Fair Value of Options
The following table summarizes the assumptions
 
used for estimating the fair value of options
 
for the years ended October 31, 2025 and
 
October 31, 2024.
Assumptions Used for Estimating the
 
Fair Value of Options
(in Canadian dollars, except as noted)
2025
2024
Risk-free interest rate
3.08
%
3.41
%
Option contractual life
10
 
years
10
 
years
Expected volatility
19.47
%
18.92
%
Expected dividend yield
3.94
%
3.78
%
Exercise price/share price
$
75.76
$
81.78