Toronto-Dominion Bank Posts Record Q3 2026 Earnings of $4.7 Billion, Raises Capital Return Plan

Record quarterly earnings and revenue growth

Toronto-Dominion Bank (TSX: TD) reported third-quarter fiscal 2026 earnings of $4.7 billion, a record for the bank, with diluted earnings per share of $2.77. Revenue grew 8% year over year, and the bank posted a 16% return on equity, up 280 basis points from the prior year. Management said the results keep Toronto-Dominion on track to outperform its full-year EPS growth and ROE targets for fiscal 2026.

Capital position and shareholder returns

Toronto-Dominion's Common Equity Tier 1 (CET1) ratio stood at 14.3% at quarter-end. The bank outlined plans to return more than $13 billion in capital to shareholders by fiscal 2027 through share buybacks. The earnings call transcript described the U.S. Banking segment as showing "positive" momentum, though the visible excerpt of the transcript was truncated before further U.S. segment detail could be confirmed.

Investor reaction and disclosure context

A prior-day market note indicated Toronto-Dominion stock held steady following the Q3 2026 earnings release, though the available excerpt of that report did not include specific price levels or percentage moves. The full earnings call transcript was published by Benzinga on September 22, 2026, the same day the results were released. Source materials did not provide a full segment breakdown, net interest margin, or provision for credit losses figures within the visible excerpts, leaving those data points unavailable in the current source set.

Forward-looking milestones

Toronto-Dominion's next major verifiable milestone is the execution of its announced capital return plan, with more than $13 billion in buybacks targeted by the end of fiscal 2027. Investors will next look to the bank's Q4 fiscal 2026 results for confirmation of full-year EPS growth and ROE outperformance versus stated targets.