Bank of Montreal
BMO · NYSECommercial Banks, NEC · Fiscal year ends Oct 31 · Reports in CAD
Bank of Montreal reported revenue of CAD 36.3B in the fiscal year ended Oct 2025, up 10.6% from the year before. Net income was CAD 8.7B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Oct 2025 |
|---|---|---|---|---|---|
| Revenue | CAD 27.2B | CAD 33.7B | CAD 29.3B | CAD 32.8B | CAD 36.3B |
| Interest expense | CAD 5.6B | CAD 11B | CAD 36.9B | CAD 46.5B | CAD 42.1B |
| Pre-tax income | CAD 10.3B | CAD 17.9B | CAD 5.9B | CAD 9.5B | CAD 11.6B |
| Income tax | CAD 2.5B | CAD 4.3B | CAD 1.5B | CAD 2.2B | CAD 2.8B |
| Net income | CAD 7.8B | CAD 13.5B | CAD 4.4B | CAD 7.3B | CAD 8.7B |
Balance sheet
| Fiscal year | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Oct 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | CAD 93.3B | CAD 87.5B | CAD 77.9B | CAD 65.1B | CAD 67.5B |
| Net PP&E | CAD 4.5B | CAD 4.8B | CAD 6.2B | CAD 6.2B | CAD 6.3B |
| Goodwill | CAD 5.4B | CAD 5.3B | CAD 16.7B | CAD 16.8B | CAD 16.8B |
| Total assets | CAD 988B | CAD 1,139B | CAD 1,347B | CAD 1,410B | CAD 1,477B |
| Total liabilities | CAD 931B | CAD 1,068B | CAD 1,271B | CAD 1,325B | CAD 1,389B |
| Shareholders' equity | CAD 57.5B | CAD 71B | CAD 76.1B | CAD 84.3B | CAD 88.1B |
Cash flow
| Fiscal year | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Oct 2025 |
|---|---|---|---|---|---|
| Operating cash flow | CAD 44B | CAD 5B | CAD 9.6B | CAD 26.7B | CAD 10.2B |
| Capital expenditure | CAD 484M | CAD 777M | CAD 885M | – | – |
| Free cash flow | CAD 43.6B | CAD 4.2B | CAD 8.7B | – | – |
Key ratios
| Fiscal year | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Oct 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 24.0% | −13.2% | 12.1% | 10.6% |
| Net margin | 28.5% | 40.2% | 15.2% | 22.3% | 24.1% |
| Return on equityBlank when equity is negative | 13.5% | 19.1% | 5.8% | 8.7% | 9.9% |
| Free cash flow margin | 160.2% | 12.4% | 29.8% | – | – |
| Cash conversion (CFO ÷ net income) | 5.68x | 0.37x | 2.16x | 3.64x | 1.17x |
Recent filings
More in Commercial Banks, Nec
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.