Bank of Nova Scotia (BNS) | Financial Analysis & Statements
Bank of Nova Scotia Large-cap Financial Services
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jan 2026Income Metrics
Revenue
9.9B
Net Income
2.3B
23.27%
EPS (Diluted)
$1.73
Balance Sheet Metrics
Total Assets
1.5T
Total Liabilities
1.4T
Shareholders Equity
88.6B
Debt to Equity
15.48
Cash Flow Metrics
Operating Cash Flow
2.7B
Free Cash Flow
-6.3B
Revenue & Profitability Trend
Quarter Income Flow
Jan 31, 2026
Annual Income Flow
2025
Bank of Nova Scotia Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 37.1B | 24.1B | 31.8B | 31.5B | 30.9B |
| Cost of Goods Sold | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| Gross Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 11.5B | 7.5B | 10.2B | 9.3B | 8.9B |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 11.5B | 7.5B | 10.2B | 9.3B | 8.9B |
| Operating Income | - | - | - | - | - |
| Operating Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Non-Operating Items | |||||
| Interest Income | - | - | - | - | - |
| Interest Expense | - | - | - | - | - |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 10.5B | 7.1B | 9.8B | 12.9B | 12.8B |
| Income Tax | 2.8B | 1.5B | 2.2B | 2.8B | 2.9B |
| Effective Tax Rate % | 26.2% | 20.5% | 22.8% | 21.3% | 22.4% |
| Net Income | 7.8B | 5.7B | 7.5B | 10.2B | 10.0B |
| Net Margin % | 20.9% | 23.5% | 23.7% | 32.3% | 32.2% |
| Key Metrics | |||||
| EBITDA | - | - | - | - | - |
| EPS (Basic) | $5.84 | $5.94 | $5.84 | $8.05 | $7.74 |
| EPS (Diluted) | $5.67 | $5.87 | $5.78 | $8.02 | $7.70 |
| Basic Shares Outstanding | 1244000000 | 877803740 | 1739241000 | 1742147000 | 1763942000 |
| Diluted Shares Outstanding | 1244000000 | 877803740 | 1739241000 | 1742147000 | 1763942000 |
Income Statement Trend
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Bank of Nova Scotia Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 66.0B | 45.7B | 90.3B | 65.9B | 86.3B |
| Short-term Investments | 42.1B | 31.7B | 50.5B | 53.4B | 33.7B |
| Accounts Receivable | 7.7B | 5.3B | 7.1B | 5.4B | 4.4B |
| Inventory | - | - | - | - | - |
| Other Current Assets | - | - | - | - | - |
| Total Current Assets | - | - | - | - | - |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 6.4B | 4.4B | 6.1B | 6.6B | 5.9B |
| Goodwill | 24.8B | 18.5B | 26.4B | 25.7B | 25.5B |
| Intangible Assets | 7.6B | 5.7B | 8.0B | 8.0B | 7.8B |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | - | - | - | - | - |
| Total Non-Current Assets | - | - | - | - | - |
| Total Assets | 1.5T | 1.0T | - | - | - |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 17.8B | 12.0B | 17.0B | 12.6B | 8.9B |
| Short-term Debt | 112.4B | 74.0B | 119.9B | 130.1B | 84.0B |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - |
| Total Current Liabilities | - | - | - | - | - |
| Non-Current Liabilities | |||||
| Long-term Debt | 202.5B | 141.3B | 193.9B | 180.7B | 161.7B |
| Deferred Tax Liabilities | 1.4B | 1.0B | 1.4B | 1.1B | 1.1B |
| Other Non-Current Liabilities | - | - | - | - | - |
| Total Non-Current Liabilities | - | - | - | - | - |
| Total Liabilities | 1.4T | 950.8B | - | - | - |
| Equity | |||||
| Common Stock | 22.1B | 15.8B | 20.1B | 18.7B | 18.5B |
| Retained Earnings | 58.9B | 41.3B | 55.7B | 53.8B | 51.4B |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 88.6B | 60.2B | 78.7B | 74.7B | 72.9B |
| Key Metrics | |||||
| Total Debt | 314.9B | 215.3B | 313.8B | 310.9B | 245.7B |
| Working Capital | 0 | 0 | 0 | 0 | 0 |
Balance Sheet Composition
Bank of Nova Scotia Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 7.8B | 5.7B | 7.5B | 10.2B | 10.0B |
| Depreciation & Amortization | 1.6B | 1.3B | 1.8B | 1.5B | 1.5B |
| Stock-Based Compensation | 15.0M | 9.3M | 14.0M | 10.0M | 7.0M |
| Working Capital Changes | 2.7B | -6.6B | 14.0B | 130.8B | 51.5B |
| Operating Cash Flow | -6.7B | -12.0B | 7.3B | 127.2B | 48.9B |
| Investing Activities | |||||
| Capital Expenditures | -347.0M | -350.1M | -442.0M | -571.0M | -462.0M |
| Acquisitions | -2.6B | 0 | 895.0M | -549.0M | -717.0M |
| Investment Purchases | -70.1B | -77.5B | -100.9B | -97.7B | -72.3B |
| Investment Sales | 75.5B | 55.0B | 94.9B | 63.1B | 103.8B |
| Investing Cash Flow | 1.9B | -23.6B | -6.5B | -37.1B | 29.7B |
| Financing Activities | |||||
| Share Repurchases | -2.6B | -214.8M | 0 | -3.4B | -1.3B |
| Dividends Paid | -5.9B | -4.1B | -5.4B | -5.1B | -4.6B |
| Debt Issuance | 0 | 716.0M | 1.4B | 3.4B | 0 |
| Debt Repayment | -548.0M | -2.5B | -403.0M | -1.6B | -1.1B |
| Financing Cash Flow | -6.3B | -6.3B | -2.8B | -4.6B | -2.8B |
| Free Cash Flow | 5.1B | 10.9B | 31.3B | 16.4B | -13.3B |
| Net Change in Cash | -11.1B | -42.0B | -1.9B | 85.5B | 75.8B |
Cash Flow Trend
Bank of Nova Scotia Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
15.21
Forward P/E
11.20
Price to Book
1.45
Price to Sales
2.80
PEG Ratio
0.13
Profitability Ratios
Profit Margin
26.85%
Operating Margin
37.49%
Return on Equity
10.33%
Return on Assets
0.62%
Financial Health
Debt to Equity
2.60
Beta
1.19
Per Share Data
EPS (TTM)
$4.94
Book Value per Share
$51.83
Revenue per Share
$26.78
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| BNS | 92.7B | 15.21 | 1.45 | 10.33% | 26.85% | 2.60 |
| JPMorgan Chase | 854.9B | 14.86 | 2.42 | 16.47% | 33.94% | 3.62 |
| Bank of America | 374.9B | 13.21 | 1.37 | 10.64% | 28.96% | 2.57 |
| Toronto-Dominion | 176.1B | 11.62 | 1.98 | 17.82% | 33.02% | 3.08 |
| Bank of Montreal | 107.5B | 17.16 | 1.75 | 10.47% | 27.08% | 2.78 |
| UBS Group AG | 101.2B | 21.02 | 1.16 | 5.86% | 10.52% | 5.93 |
Financial data is updated regularly. All figures are in the company's reporting currency.





