Bank of Montreal (BMO) — Financial statements
Income statement, balance sheet, and cash flow for Bank of Montreal — annual and quarterly history with growth and margin analysis.
| Metric (CAD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 78,149↓0.5% | 78,558↑15.5% | 68,008↑82.5% | 37,271↑14.7% | 32,486 | |
| Cost of Revenue | 45,667↓9.2% | 50,278↑31.0% | 38,366↑238.8% | 11,325↑102.3% | 5,597 | |
| Gross Profit | 32,482↑14.9% | 28,280↓4.6% | 29,642↑14.2% | 25,946↓3.5% | 26,889 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 12,018↑10.5% | 10,872↓5.1% | 11,460↑41.3% | 8,112↓16.6% | 9,721 | |
| Selling & Marketing Expenses | 806↓3.7% | 837↑3.1% | 812↑57.1% | 517↑30.2% | 397 | |
| SG&A Expenses | 12,824↑9.5% | 11,709↓4.6% | 12,272↑42.2% | 8,629↓14.7% | 10,118 | |
| Other Expenses | 8,108↑15.2% | 7,036↓38.4% | 11,423↑2107.6% | -569↓108.7% | 6,513 | |
| Operating Expenses | 20,932↑11.7% | 18,745↓20.9% | 23,695↑194.0% | 8,060↓51.5% | 16,631 | |
| Total Costs & Expenses | 66,599↓3.5% | 69,023↑11.2% | 62,061↑220.1% | 19,385↓12.8% | 22,228 | |
| Operating Results | ||||||
| Operating Income | 11,550↑21.1% | 9,535↑60.3% | 5,947↓66.8% | 17,886↑74.4% | 10,258 | |
| Depreciation & Amortization | 2,180↑3.3% | 2,110↑0.9% | 2,092↑41.4% | 1,480↓5.4% | 1,565 | |
| EBITDA | 13,730↑17.9% | 11,645↑44.9% | 8,039↓58.5% | 19,366↑63.8% | 11,823 | |
| EBIT | 11,550↑21.1% | 9,535↑60.3% | 5,947↓66.8% | 17,886↑74.4% | 10,258 | |
| Interest & Other Income | ||||||
| Net Interest Income | 21,487↑10.4% | 19,468↑4.2% | 18,681↑17.6% | 15,885↑11.0% | 14,310 | |
| Interest Income | 63,537↓3.7% | 65,985↑18.7% | 55,574↑106.6% | 26,897↑35.2% | 19,887 | |
| Interest Expense | 42,050↓9.6% | 46,517↑26.1% | 36,893↑235.0% | 11,012↑97.5% | 5,577 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 11,550↑21.1% | 9,535↑60.3% | 5,947↓66.8% | 17,886↑74.4% | 10,258 | |
| Income Tax Expense | 2,825↑27.9% | 2,208↑46.2% | 1,510↓65.3% | 4,349↑73.7% | 2,504 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 8,725↑19.1% | 7,327↑65.1% | 4,437↓67.2% | 13,537↑74.6% | 7,754 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 8,709↑19.0% | 7,318↑65.4% | 4,425↓67.3% | 13,537↑74.6% | 7,754 | |
| Bottom-Line Net Income | 8,273↑19.3% | 6,932↑69.3% | 4,094↓69.2% | 13,306↑77.2% | 7,510 | |
| EPS (Basic) | 11.46↑20.3% | 9.53↑65.2% | 5.77↓71.2% | 20.04↑72.8% | 11.60 | |
| EPS (Diluted) | 11.44↑20.3% | 9.51↑65.1% | 5.76↓71.2% | 19.99↑72.6% | 11.58 | |
| Weighted Average Shares | 722↓0.8% | 728↑2.6% | 709↑6.8% | 664↑2.6% | 647 | |
| Weighted Average Diluted Shares | 723↓0.7% | 729↑2.5% | 711↑6.7% | 666↑2.6% | 649 | |
* All figures in Millions of CAD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.