Bank of Montreal (BMO) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	78.2B	78.1B	78.6B	68.0B	37.3B
Cost of Revenue	42.6B	45.7B	50.3B	38.4B	11.3B
Gross Profit	35.6B	32.5B	28.3B	29.6B	25.9B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	14.6B	12.8B	11.7B	12.3B	8.6B
General & Admin Expense	14.0B	12.0B	10.9B	11.5B	8.1B
Selling & Marketing Expense	598.0M	806.0M	837.0M	812.0M	517.0M
Other Expenses	8.7B	8.1B	7.0B	11.4B	(569.0M)
Total Operating Expenses	23.3B	20.9B	18.7B	23.7B	8.1B
Cost and Expenses	65.8B	66.6B	69.0B	62.1B	19.4B
Operating Income (EBIT)	12.4B	11.6B	9.5B	5.9B	17.9B
Non-Operating
Interest Income	61.5B	63.5B	66.0B	55.6B	26.9B
Interest Expense	39.5B	42.0B	46.5B	36.9B	11.0B
Net Interest Income	22.0B	21.5B	19.5B	18.7B	15.9B
Other Non-Op Income/Expense	(51.6M)	—	—	—	—
Non-Operating Income (excl Interest)	51.6M	—	—	—	—
EBT (Pre-Tax Income)	12.3B	11.6B	9.5B	5.9B	17.9B
Income Tax Expense	3.2B	2.8B	2.2B	1.5B	4.3B
Bottom Line
Net Income	9.2B	8.7B	7.3B	4.4B	13.5B
Earnings from Cont. Ops	9.1B	8.7B	7.3B	4.4B	13.5B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	8.7B	8.3B	6.9B	4.1B	13.3B
Per Share
Basic EPS	$12.24	$11.46	$9.53	$5.77	$20.04
Diluted EPS	$12.23	$11.44	$9.51	$5.76	$19.99
Revenue Per Share	$156.79	$108.25	$107.95	$95.87	$56.13
Shares
Basic Shares Outstanding	498.6M	721.9M	727.7M	709.4M	664.0M
Diluted Shares Outstanding	500.2M	723.3M	728.5M	710.5M	665.7M
Profitability Metrics
EBITDA	13.9B	13.7B	11.6B	8.0B	19.4B
D&A	1.6B	2.2B	2.1B	2.1B	1.5B
EBIT	12.3B	11.6B	9.5B	5.9B	17.9B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jul 1, 2026