NA FINANCIAL STATEMENTS

National Bank of Canada — balance sheet, income statement and cash flow trends

NANational Bank of Canada

🇨🇦 Canada · TO · Financial Services · Banks - Diversified

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q2 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue27.3 B C$+68.1%

Gross Profit14 B C$+15.7%

Operating Income5.9 B C$+62.1%

EBITDA6.5 B C$+20.6%

Net Income4.6 B C$+18.8%

Peer Comparison· Banks - Diversified

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
NA	—	—	—	16.9%
ANZ	—	—	—	9.3%
NAB	—	—	—	—
WBC	—	—	—	—
INGA	—	—	—	15.4%
BNY	—	—	—	14.7%
Industry median	—	—	—	17.3%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q2 2026

Equity33.6 B C$5%
Current Liabilities66 B C$11%
Long-term Liabilities518.1 B C$84%

Key Figures

YoY change

Total Assets617.7 B C$+15.2%

Total Liabilities584.2 B C$+16.1%

Total Equity33.6 B C$+2.1%

Cash & ST Investments43.4 B C$+24.1%

Total Debt98.8 B C$-24.4%

Net Debt55.4 B C$-44.2%

Peer Comparison· Banks - Diversified

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
NA	0.69	294.1%	8.46	5.4%
ANZ	3.48	364.9%	8.49	5.4%
NAB	0.00	313.7%	—	5.3%
WBC	0.07	319.0%	—	6.0%
INGA	0.08	423.2%	15.80	4.5%
BNY	0.57	118.9%	-21.46	8.0%
Industry median	0.44	294.1%	8.47	5.7%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
NA	0.69	294.1%	8.46	5.4%
CM	0.10	276.3%	12.33	5.7%
BNS	0.04	328.6%	20.20	5.7%
BMO	0.48	194.7%	-15.34	5.7%
TD	0.28	556.9%	11.96	6.0%
RY	4.42	277.3%	13.90	5.9%
Industry median	0.44	294.1%	8.47	5.7%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q2 2026 · TTM

Key Figures

YoY change

Operating Cash Flow5 B C$—

Capital Expenditures357 M C$-0.8%

Free Cash Flow4.6 B C$-10.1%

Dividends Paid-2.1 B C$-216.7%

Peer Comparison· Banks - Diversified

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
NA	18.2%	16.9%	1.3%	107.7%
ANZ	30.0%	28.4%	1.6%	323.1%
NAB	—	—	—	—
WBC	—	—	—	—
INGA	—	—	0.0%	—
BNY	8.1%	3.6%	4.6%	55.4%
Industry median	31.2%	30.4%	1.7%	168.8%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
NA	18.2%	16.9%	1.3%	107.7%
CM	29.4%	27.0%	2.3%	159.2%
BNS	23.3%	22.3%	0.9%	148.8%
BMO	53.3%	51.0%	2.3%	422.0%
TD	13.6%	11.5%	2.1%	102.9%
RY	61.0%	59.2%	1.8%	331.5%
Industry median	31.2%	30.4%	1.7%	168.8%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 7, 26. This content is for informational purposes only and is not investment advice.

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
NA	—	—	—	16.9%
CM	—	—	—	18.4%
BNS	—	—	—	15.6%
BMO	—	—	—	12.6%
TD	—	—	—	13.2%
RY	—	—	—	18.4%
Industry median	—	—	—	17.3%