BMONYSECommercial Banks, NECFiscal year ends October 31Also trades as AIQD, AIQU, BERZ, BNKD, BNKU, BRZD, BRZL, BULZ, CARD, CARU, DULL, FLYD, FLYU, FNGD, FNGO, FNGS, FNGU, GDXD, GDXU, HYGD, HYGU, JETD, JETU, JPND, JPNU, LQDD, LQDU, MNGU, NRGD, NRGU, OILD, OILU, SHNY, SMHD, SMHU, SPYU, TAWN, TPEI, WTID, WTIU, XLCD, XLCU, XLPD, XLPU
BANK OF MONTREAL /CAN/
Financials through Q3 FY2026, quarter ended Jul 31, 2026Last filing: 40-F on Dec 4, 2025
$166.02−1.05 (-0.63%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2015 to 2025
Net margin
24.0%+3.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +10.6% | +2.5% | +7.6% | – | |
| Net income | +19.0% | -13.7% | +11.3% | – | |
| EPS, diluted | +20.3% | -17.0% | +8.7% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 10.1% | |
| Return on assets | – | 0.6% | 0.6% | |
| Capex to revenue | 1.1% | 1.6% | – | |
| Diluted shares | 646M | 642M | 723M |
Cash use needs five years of cash flow figures
Bank Of Montreal does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin24.0%
×Asset turnover0.03×
×Equity multiplier16.75×
=Return on equity, FY202510.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 24.0% | 0.03× | 16.75× | 10.1% |
| FY2024 | 22.3% | 0.02× | 17.19× | 9.1% |
| FY2023 | 15.1% | 0.02× | 16.90× | 6.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zeroC$8.71B
- Cash generatingOperating cash flow above zeroC$10.24B
- Return on assets improvedROA up on the prior year0.5% → 0.6%
- Earnings backed by cashOperating cash flow above net incomeC$10.24B vs C$8.71B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise729M → 723M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.02 → 0.03