The Bank of Nova Scotia
Financial ServicesNYSE:BNS · New York Stock Exchange
+$1.05 today
Vol 0.79M · Avg 2.48M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$71.0B of revenue converted into $9.5B of net income for the selected period. Gross margin is 47.7% and net margin is 13.5%, showing how much revenue survives after costs and taxes. EPS is $7.22, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $73.2B +148.2% | $29.5B -7.2% | $31.8B +2.1% | $31.1B +0.8% | $30.9B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $40.8B -12.2% | $46.5B | $0 | $0 | $0 | $725.6M | $804.0M | $882.4M |
| Gross Profit | $32.4B +9.5% | $29.6B -7.0% | $31.8B +2.1% | $31.1B +0.8% | $30.9B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 44.3% -56.0pp | 100.3% +0.3pp | 100.0% +0.0pp | 100.0% +0.0pp | 100.0% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $11.5B +9.8% | $10.5B +2.9% | $10.2B +9.2% | $9.3B +4.1% | $8.9B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $21.9B +11.4% | $19.6B -38.2% | $31.8B +1148.7% | -$3.0B +83.5% | -$18.4B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $1.6B -8.9% | $1.8B -3.3% | $1.8B +18.9% | $1.5B +1.3% | $1.5B | $374.2M | $1.2B | $631.8M |
| EBITDA | $12.1B +14.7% | $10.6B | $0 -100.0% | $14.2B +1.4% | $14.0B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 16.6% -19.3pp | 35.8% | 0.0% -45.6pp | 45.6% +0.3pp | 45.3% | 5.6% | 46.3% | 42.0% |
| Operating Income | $10.5B -20.3% | $13.2B +51.7% | $8.7B -69.1% | $28.1B +125.0% | $12.5B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 14.4% -30.4pp | 44.7% +17.4pp | 27.3% -62.9pp | 90.3% +49.8pp | 40.4% | 16.6% | 24.1% | 22.0% |
| Interest Income | $57.6B -6.6% | $61.7B +8.5% | $56.8B +69.3% | $33.6B +34.3% | $25.0B | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $36.1B -14.9% | $42.4B +10.0% | $38.5B +149.5% | $15.4B +92.4% | $8.0B | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 +100.0% | -$3.3B -406.4% | $1.1B +144.1% | -$2.4B +8.8% | -$2.6B | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $10.5B +5.9% | $9.9B +1.7% | $9.8B -24.6% | $12.9B +0.8% | $12.8B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 14.4% -19.3pp | 33.7% +3.0pp | 30.7% -10.8pp | 41.5% +0.0pp | 41.5% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $2.8B +35.4% | $2.0B -8.7% | $2.2B -19.3% | $2.8B -3.9% | $2.9B | $1.3B | -$1.6B | $745.2M |
| Net Income | $7.8B +0.4% | $7.8B +4.7% | $7.4B -25.3% | $9.9B +3.0% | $9.6B | $4.9B | $4.8B | $4.7B |
| Net Margin | 10.6% -15.7pp | 26.3% +3.0pp | 23.3% -8.5pp | 31.8% +0.7pp | 31.1% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $6 -4.2% | $6 +1.7% | $6 -27.5% | $8 +4.0% | $8 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $6 -2.9% | $6 +0.9% | $6 -27.6% | $8 +4.2% | $8 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $1.2B +1.5% | $1.2B +2.4% | $1.2B -0.2% | $1.2B -1.2% | $1.2B | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $1.2B +1.1% | $1.2B +2.3% | $1.2B -0.3% | $1.2B -1.4% | $1.2B | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Wells Fargo & Company
NYSE:WFC
$255.56B
Bank of Montreal
NYSE:BMO
$117.78B
Mizuho Financial Group, Inc.
NYSE:MFG
$117.50B
Canadian Imperial Bank of Commerce
NYSE:CM
$105.13B
Sumitomo Mitsui Financial Group, Inc.
NYSE:SMFG
$94.20B
ING Groep N.V.
NYSE:ING
$86.30B
Barclays PLC
NYSE:BCS
$85.67B
Lloyds Banking Group plc
NYSE:LYG
$79.65B
Nu Holdings Ltd.
NYSE:NU
$58.43B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does BNS generate?
The Bank of Nova Scotia (BNS) reported $73.18B of revenue in fiscal 2025.
Is BNS profitable?
The Bank of Nova Scotia (BNS) reported $7.79B of net income, with a net margin of 10.6%.
Explore More
Continue the stock analysis
Jump to another research area for this company.