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Earnings Per Share (Tables) | 12 Months Ended
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Oct. 31, 2025
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Summary of Basic and Diluted Earnings Per Share | The following table presents our basic and diluted earnings per share:
Basic Earnings Per Common Share (Canadian $ in millions, except as noted) |  | 2025 |  |  | 2024 |
Net income attributable to bank shareholders |  | $ | 8,709 |  |  | $ | 7,318 |
Dividends on preferred shares and distributions on other equity instruments |  |  | (436 | ) |  |  | (386 | )
Net income available to common shareholders |  | $ | 8,273 |  |  | $ | 6,932 |
Weighted-average number of common shares outstanding (in thousands) |  |  | 721,926 |  |  |  | 727,738 |
Basic earnings per common share (Canadian $) |  | $ | 11.46 |  |  | $ | 9.52 |
Diluted Earnings Per Common Share (Canadian $ in millions, except as noted) |  |  | 2025 |  |  |  | 2024 |
Net income available to common shareholders |  | $ | 8,273 |  |  | $ | 6,932 |
Weighted-average number of common shares outstanding (in thousands) |  |  | 721,926 |  |  |  | 727,738 |
Dilutive impact of stock options (1) |  |  |  |  |  |  |  |
Stock options potentially exercisable |  |  | 5,897 |  |  |  | 3,556 |
Common shares potentially repurchased |  |  | (4,556 | ) |  |  | (2,759 | )
Weighted-average number of diluted common shares outstanding (in thousands) |  |  | 723,267 |  |  |  | 728,535 |
Diluted earnings per common share (Canadian $) |  | $ | 11.44 |  |  | $ | 9.51 |
| (1) | The dilutive effect of stock options was calculated using the treasury stock method. In computing diluted earnings per common share, we excluded average stock options outstanding of 477,101 with a weighted-average exercise price of $150.96 for the year ended October 31, 2025 (3,220,995 with a weighted-average exercise price of $130.33 for the year ended October 31, 2024), as the average share price in each of the two years did not exceed the exercise price.

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- Definition The disclosure of earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 33 -IssueDate 2024-01-01 -Paragraph 66 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=33&code=ifrs-tx-2024-en-r&anchor=para_66&doctype=Standard -URIDate 2024-03-27 + Details
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