Bank of Montreal revenue and financials
Secondary listing. The primary listing is Bank of Montreal · TSX (CAD)
$166.09Change from previous close: +1.00%Absolute change: +$1.64
In the fiscal year ended October 2025, Bank of Montreal reported revenue of $36.27B (+10.61% year over year). Net income was $8.71B, a net margin of 24.0%.
Fiscal year ending in October. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +10.61%
- FY to Oct 2025 vs FY to Oct 2024
- Net income growth
- +19.01%
- FY to Oct 2025 vs FY to Oct 2024
- Net margin
- 24.0%
- FY to Oct 2024: 22.3%
Financial data
Amounts in millions of CAD; per-share values in CAD; shares in millions.
| Item | Q to Jul 2026 | Q to Apr 2026 | Q to Jan 2026 | Q to Oct 2025 | Q to Jul 2025 | Q to Apr 2025 | Q to Jan 2025 | Q to Oct 2024 | Q to Jul 2024 | Q to Apr 2024 | Q to Jan 2024 | Q to Oct 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -7,095 | -4,119 | 7,334 | -862 | 1,251 | 9,170 | 13,914 | -7,137 | -23,036 | -5,633 | -3,605 | -516 |
| Depreciation and amortization | 558 | 545 | 547 | 558 | 534 | — | — | — | — | — | — | — |
| Capital expenditure | -572 | -476 | -384 | 510 | -405 | -439 | -386 | -432 | -413 | -327 | -392 | -1,111 |
| Investing cash flow | -12,727 | -13,580 | 298 | -2,007 | -113 | -4,612 | 7,337 | -8,556 | -5,154 | 1,799 | -12,618 | -5,653 |
| Financing cash flow | 28,537 | 14,508 | -6,161 | 11,068 | -8,099 | -13,060 | -11,815 | 5,933 | 22,869 | 7,792 | 14,435 | 370 |
| Dividends paid | -1,309 | -1,260 | -1,318 | -1,231 | -1,293 | -1,224 | -1,283 | -1,181 | -1,245 | -669 | -745 | -656 |
| Share repurchases | -905 | -1,160 | -2,327 | -1,583 | -889 | — | — | — | — | — | — | — |
| Debt issued | 0.0 | 3,763 | 3,054 | 0.0 | 0.0 | 1,529 | — | — | 1,000 | — | — | 762 |
| Debt repaid | -3,145 | -100 | -104 | 189 | -1,852 | -78.0 | -1,054 | -4,342 | -2,133 | -2,526 | -4,427 | -3,841 |
| Effect of exchange rates | 1,549 | -365 | -1,577 | 698 | 186 | -2,596 | 1,926 | 97.0 | 213 | 1,252 | -1,487 | 2,471 |
| Net change in cash | 10,264 | -3,556 | -106 | 8,897 | -6,775 | -11,098 | 11,362 | -9,663 | -5,108 | 5,210 | -3,275 | -3,328 |
| Free cash flow | -7,667 | -4,595 | 6,950 | -352 | 846 | 8,731 | 13,528 | -7,569 | -23,449 | -5,960 | -3,997 | -1,627 |