Exhibit 99.1

At the Company
For Media:		For Investors:
Kim Hillyer		Jeff Goeser
Senior Manager, Communications		Director, Finance and Investor Relations
(402) 574-6523		(402) 597-8464
kim.hillyer@tdameritrade.com		jeffrey.goeser@tdameritrade.com

TD AMERITRADE DELIVERS STRONG THIRD QUARTER

Earnings per share (EPS) of $0.30
Record trading levels and strong asset gathering results continue

OMAHA, Neb., July 21, 2009 — TD AMERITRADE Holding Corporation (NASDAQ: AMTD) has released results for its third quarter of fiscal 2009, reporting continued strong business fundamentals and solid organic growth. The Company’s business model continues to perform in the current environment with record trading activity and strong net new assets and new account growth.

The Company’s results for the quarter ended June 30, 2009, which include the impact of the acquisition of thinkorswim Group Inc. from the closing of the transaction on June 11, 2009, are as follows (year-over-year comparisons): ⁽¹⁾

	•		Net income of $171 million, or $0.30 per diluted share ($0.33 excluding unusual items(4))
	•		Record average client trades per day of approximately 392,000, an increase of 36 percent(2)
	•		Net new assets of approximately $7 billion, or an annualized growth rate of 12 percent on client assets at the beginning of the quarter
	•		Spread-based balances of approximately $32 billion, an increase of 25 percent(3)
	•		Fee-based balances of approximately $59 billion, a decrease of 25 percent
	•		Net revenues of $614 million, 43 percent of which were asset-based
	•		Pre-tax income of $280 million, or 46 percent of net revenues
	•		EBITDA of $317 million, or 52 percent of net revenues(4)
	•		Liquid assets of $1.1 billion(4)
	•		Client assets of approximately $265 billion, including $53 billion in client cash and money market funds

“Our business model continues to deliver strong organic growth and earnings in the face of a difficult economic environment,” said Fred Tomczyk, president and chief executive officer. “Looking back over the last nine months we have much to be proud of — record trading volume, our strongest new account growth in nine years and we continue to gather net new assets at a rate that is on par with leading asset gatherers. Our focus on managing for the other side of the cycle and leveraging our strong financial position to take advantage of growth opportunities, as demonstrated by our acquisition of thinkorswim, has positioned us well for the future.”

“Despite pressure from the near-zero interest rate environment we remain well-positioned,” said Bill Gerber, executive vice president and chief financial officer. “We are making progress on the implementation of our cash management strategy, which helps mitigate the impact of the current interest rate environment and positions us for when interest rates rise.”

Auction Rate Securities Settlement

As was previously announced, the Company has committed to offer to purchase eligible auction rate securities from certain retail clients. As a result of this offer, which is expected to begin no later than Aug. 10, 2009, TD AMERITRADE expects to record a charge to earnings of approximately $0.05 to $0.10 per share during the quarter ending Sept. 30, 2009. No fine was imposed.

“Given our financial strength and the ongoing illiquidity in the auction rate securities market, initiating a buy-back program of this nature is the right thing to do for our clients,” Tomczyk said. “While our role in the market for these securities was significantly different from that of other financial institutions that have previously announced similar programs, we believe this is the best way for us to help clients who have been unable to find liquidity in the current market environment.”

“As the issuers refinance or redeem these securities, we expect our ultimate loss on these positions to be immaterial,” Gerber concluded.

Company Hosts Conference Call

TD AMERITRADE will host its June Quarter conference call this morning, July 21, 2009, at 7:30 a.m. CDT. Participants may listen to the call by dialing 877-857-6161. Interested parties may listen to a replay of the call by dialing 888-203-1112 and the passcode 1451474. The Company will Webcast the conference call live at www.amtd.com and will make all accompanying materials available for participants to print prior to the call.

AMTD-E

About TD AMERITRADE Holding Corporation

TD AMERITRADE Holding Corporation, through its brokerage subsidiaries,⁽⁵⁾ combines innovative trading technology, easy-to-use and understand investment tools and services, investor education and superior client service to create a market-leading financial services experience. Now home to the award-winning thinkorswim trading platform⁽⁶⁾ and the Investools investor education program, TD AMERITRADE provides millions of retail investors, traders and independent registered investment advisors (RIAs) with the tools, service and support they need to help build confidence in today’s rapidly-changing market environment. The Company’s common stock trades under the ticker symbol AMTD. For more information, please visit www.amtd.com.

Safe Harbor

This document contains forward-looking statements within the meaning of the federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions of the federal securities laws. In particular, any projections regarding our future revenues, expenses, earnings, capital expenditures, effective tax rates, client trading activity, benefits of the thinkorswim acquisition, accounts or stock price, as well as the assumptions on which such expectations are based, are forward-looking statements. These statements reflect only our current expectations and are not guarantees of future performance or results. These statements involve risks, uncertainties and assumptions that could cause actual results or performance to differ materially from those contained in the forward-looking statements. These risks, uncertainties and assumptions include general economic and political conditions, interest rates, market fluctuations and changes in client trading activity, increased competition, systems failures and capacity constraints, ability to service debt obligations, ability to realize the expected benefits from the thinkorswim acquisition, regulatory and legal matters and uncertainties and other risk factors described in our latest Annual Report on Form 10-K, filed with the SEC on Nov. 26, 2008 and amended on May 6, 2009, and our latest Quarterly Report on Form 10-Q filed thereafter. These forward-looking statements speak only as of the date on which the statements were made. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. This material shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

TD AMERITRADE HOLDING CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
In thousands, except per share amounts
(Unaudited)

		Quarter Ended												Nine Months Ended
		June 30, 2009				Mar. 31, 2009				June 30, 2008				June 30, 2009				June 30, 2008
Revenues:
Transaction-based revenues:
Commissions and transaction fees		$	338,450			$	265,442			$	248,861			$	891,005			$	754,017
Asset-based revenues:
Interest revenue			101,204				70,242				174,940				263,960				635,983
Brokerage interest expense			(2,564	)			(2,837	)			(43,008	)			(13,076	)			(217,084	)
Net interest revenue			98,640				67,405				131,932				250,884				418,899
Money market deposit account fees			125,124				136,537				155,708				424,891				467,634
Investment product fees			39,079				48,096				77,552				156,341				223,242
Total asset-based revenues			262,843				252,038				365,192				832,116				1,109,775
Other revenues			12,475				8,019				9,551				26,875				24,315
Net revenues			613,768				525,499				623,604				1,749,996				1,888,107
Expenses:
Employee compensation and benefits			141,216				120,808				129,039				379,413				367,167
Fair value adjustments of compensation-related derivative instruments			—				—				—				—				764
Clearing and execution costs			16,141				15,077				11,110				46,846				32,548
Communications			20,795				17,853				17,898				57,392				52,851
Occupancy and equipment costs			29,951				29,536				24,030				89,614				74,257
Depreciation and amortization			11,162				10,635				9,841				33,299				26,423
Amortization of acquired intangible assets			17,551				15,200				15,337				48,289				43,809
Professional services			32,923				22,069				28,964				82,332				76,826
Interest on borrowings			8,365				8,244				16,344				32,246				62,674
Other			14,513				8,720				6,421				34,798				37,460
Advertising			39,402				53,097				36,724				139,196				129,490
Total expenses			332,019				301,239				295,708				943,425				904,269
Income before other income (expense) and income taxes			281,749				224,260				327,896				806,571				983,838
Other income (expense):
Gain (loss) on sale of investments			(2,003	)			—				284				(2,003	)			928
Pre-tax income			279,746				224,260				328,180				804,568				984,766
Provision for income taxes			109,209				92,230				123,818				317,603				352,848
Net income		$	170,537			$	132,030			$	204,362			$	486,965			$	631,918
Earnings per share — basic		$	0.30			$	0.23			$	0.34			$	0.84			$	1.06
Earnings per share — diluted		$	0.30			$	0.23			$	0.34			$	0.83			$	1.05
Weighted average shares outstanding — basic			563,792				573,519				592,948				576,420				594,071
Weighted average shares outstanding — diluted			571,772				581,284				602,336				584,623				603,402

TD AMERITRADE HOLDING CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
In thousands
(Unaudited)

		June 30, 2009				Sept. 30, 2008
Assets:
Cash and cash equivalents		$	1,119,824			$	674,135
Short-term investments			52,071				369,133
Segregated cash and investments			5,251,563				260,000
Broker/dealer receivables			1,540,165				4,177,149
Client receivables			5,012,819				6,933,926
Goodwill and intangible assets			3,715,977				2,960,781
Other			527,215				576,398
Total assets		$	17,219,634			$	15,951,522
Liabilities and stockholders’ equity:
Liabilities:
Broker/dealer payables		$	2,268,745			$	5,769,676
Client payables			9,188,183				5,070,671
Long-term debt			1,424,275				1,444,000
Other			960,865				742,137
Total liabilities			13,842,068				13,026,484
Stockholders’ equity			3,377,566				2,925,038
Total liabilities and stockholders’ equity		$	17,219,634			$	15,951,522

TD AMERITRADE HOLDING CORPORATION
SELECTED OPERATING DATA

						Quarter Ended								Nine Months Ended
		June 30, 2009				Mar. 31, 2009				June 30, 2008				June 30, 2009				June 30, 2008
Key Metrics:
Net new assets (in billions)		$	6.9			$	6.4			$	4.0			$	21.2			$	20.0
Average client trades per day(1)			391,506				324,837				287,349				358,232				299,845
Profitability Metrics:
Pre-tax income as a percentage of net revenues			45.6	%			42.7	%			52.6	%			46.0	%			52.2	%
Return on client assets (annualized)			0.45	%			0.40	%			0.42	%			0.45	%			0.43	%
Return on average stockholder’s equity (annualized)			22.8	%			18.0	%			30.8	%			21.7	%			34.2	%
EBITDA as a percentage of net revenues			51.6	%			49.2	%			59.3	%			52.5	%			59.2	%
Debt Metrics:
Interest on borrowings (in millions)		$	8.4			$	8.2			$	16.3			$	32.2			$	62.7
Average debt outstanding (in billions)		$	1.4			$	1.4			$	1.5			$	1.4			$	1.5
Leverage ratio (average debt/annualized EBITDA)			1.1				1.4				1.0				1.2				1.0
Interest coverage ratio (EBITDA/interest on borrowings)			37.9				31.3				22.6				28.5				17.8
Transaction-Based Revenue Metrics(1):
Total trades (in millions)			24.7				19.8				18.4				67.0				56.4
Average commissions and transaction fees per trade(2)		$	13.66			$	13.40			$	13.53			$	13.28			$	13.38
Average client trades per account (annualized)			13.5				11.5				10.7				12.6				11.4
Activity rate — total accounts			5.4	%			4.6	%			4.2	%			5.0	%			4.5	%
Activity rate — funded accounts			7.6	%			6.4	%			5.9	%			7.1	%			6.3	%
Trading days			63.0				61.0				64.0				187.0				188.0
Spread-Based Asset Metrics:
Average interest-earning assets (excluding conduit business) (in billions)		$	10.0			$	7.3			$	10.4			$	8.3			$	9.9
Average money market deposit account balances (in billions)		$	22.5			$	19.3			$	15.6			$	19.9			$	15.5
Average spread-based balance (in billions)		$	32.5			$	26.6			$	26.0			$	28.2			$	25.4
Net interest revenue (excluding conduit business) (in millions)		$	98.2			$	66.7			$	129.1			$	247.1			$	409.9
Money market deposit account fee revenue (in millions)			125.1				136.5				155.7				424.9				467.6
Spread-based revenue (in millions)		$	223.3			$	203.2			$	284.8			$	672.0			$	877.5
Avg. annualized yield — interest-earning assets (excluding conduit business)			3.88	%			3.63	%			4.95	%			3.93	%			5.43	%
Avg. annualized yield — money market deposit account fees			2.20	%			2.83	%			3.94	%			2.82	%			3.97	%
Net interest margin (NIM)			2.72	%			3.05	%			4.34	%			3.15	%			4.54	%
Interest days			91				90				91				273				274
Fee-Based Investment Metrics:
Average balance (in billions)		$	59.0			$	58.9			$	78.3			$	60.2			$	69.2
Investment product fee revenue (in millions)		$	39.1			$	48.1			$	77.6			$	156.3			$	223.2
Average annualized yield			0.26	%			0.33	%			0.39	%			0.34	%			0.42	%
Client Account and Client Asset Metrics:
Total accounts (beginning of period)			7,195,000				7,052,000				6,731,000				6,895,000				6,380,000
New accounts opened			176,000				194,000				148,000				586,000				511,000
Accounts purchased			197,000				—				—				197,000				102,000
Accounts closed			(77,000	)			(51,000	)			(69,000	)			(187,000	)			(183,000	)
Total accounts (end of period)			7,491,000				7,195,000				6,810,000				7,491,000				6,810,000
Percentage change during period			4	%			2	%			1	%			9	%			7	%
Funded accounts (beginning of period)			5,105,000				5,013,000				4,814,000				4,918,000				4,597,000
Funded accounts (end of period)			5,291,000				5,105,000				4,868,000				5,291,000				4,868,000
Percentage change during period			4	%			2	%			1	%			8	%			6	%
Client assets (beginning of period, in billions)		$	224.9			$	233.8			$	306.1			$	278.0			$	302.7
Client assets (end of period, in billions)		$	265.0			$	224.9			$	309.2			$	265.0			$	309.2
Percentage change during period			18	%			(4	%)			1	%			(5	%)			2	%

TD AMERITRADE HOLDING CORPORATION
SELECTED OPERATING DATA

		Quarter Ended												Nine Months Ended
		June 30, 2009				Mar. 31, 2009				June 30, 2008				June 30, 2009				June 30, 2008
Net Interest Revenue (excluding Conduit Business):
Segregated cash:
Average balance (in billions)		$	4.2			$	2.0			$	0.0			$	2.6			$	0.0
Average annualized yield			0.14	%			0.14	%			2.03	%			0.19	%			3.23	%
Interest revenue (in millions)		$	1.5			$	0.7			$	0.0			$	3.8			$	0.2
Client margin balances:
Average balance (in billions)		$	4.3			$	3.9			$	8.2			$	4.2			$	8.3
Average annualized yield			4.99	%			5.13	%			5.66	%			5.26	%			6.58	%
Interest revenue (in millions)		$	54.7			$	49.7			$	117.3			$	169.2			$	415.2
Securities borrowing/lending (excluding conduit business):
Average securities borrowing balance (in billions)		$	0.6			$	0.3			$	0.5			$	0.4			$	0.4
Average securities lending balance (in billions)		$	1.3			$	0.9			$	3.2			$	1.2			$	3.3
Interest revenue (in millions)		$	42.9			$	16.1			$	16.7			$	76.3			$	38.1
Interest expense (in millions)			(0.6	)			(0.3	)			(9.5	)			(2.5	)			(48.4	)
Net interest revenue (expense) — securities borrowing/lending (excluding conduit business) (in millions)		$	42.3			$	15.8			$	7.2			$	73.8			$	(10.3	)
Other cash and interest earning investments:
Average balance (in billions)		$	0.9			$	1.1			$	1.7			$	1.1			$	1.2
Average annualized yield			0.17	%			0.36	%			2.25	%			0.40	%			2.94	%
Interest revenue — net (in millions)		$	0.4			$	1.1			$	9.4			$	3.3			$	26.7
Client credit balances:
Average balance (in billions)		$	6.1			$	4.2			$	4.7			$	4.8			$	4.2
Average annualized cost			0.05	%			0.06	%			0.40	%			0.08	%			0.68	%
Interest expense (in millions)		$	(0.7	)		$	(0.6	)		$	(4.8	)		$	(3.0	)		$	(21.9	)
Average interest-earning assets (excluding conduit business) (in billions)		$	10.0			$	7.3			$	10.4			$	8.3			$	9.9
Average annualized yield (excluding conduit business)			3.88	%			3.63	%			4.95	%			3.93	%			5.43	%
Net interest revenue (excluding conduit business) (in millions)		$	98.2			$	66.7			$	129.1			$	247.1			$	409.9
Conduit Business:
Average balance (in billions)		$	1.2			$	1.4			$	5.4			$	1.4			$	5.8
Securities borrowing — conduit business:
Average annualized yield			0.52	%			0.62	%			2.13	%			0.96	%			3.38	%
Interest revenue (in millions)		$	1.5			$	2.2			$	29.4			$	10.1			$	148.7
Securities lending — conduit business:
Average annualized cost			0.36	%			0.42	%			1.93	%			0.59	%			3.18	%
Interest expense (in millions)		$	(1.1	)		$	(1.5	)		$	(26.6	)		$	(6.3	)		$	(139.7	)
Average interest-earning assets — conduit business (in billions)		$	1.2			$	1.4			$	5.4			$	1.4			$	5.8
Average annualized yield — conduit business			0.15	%			0.20	%			0.21	%			0.36	%			0.20	%
Net interest revenue — conduit business (in millions)		$	0.4			$	0.7			$	2.8			$	3.8			$	9.0
Net Interest Revenue (total):
Average interest-earning assets (excluding conduit business) (in billions)		$	10.0			$	7.3			$	10.4			$	8.3			$	9.9
Average interest-earning assets — conduit business (in billions)			1.2				1.4				5.4				1.4				5.8
Average interest-earning assets — total (in billions)		$	11.2			$	8.7			$	15.8			$	9.7			$	15.7
Average annualized yield — total			3.49	%			3.07	%			3.31	%			3.41	%			3.51	%
Net interest revenue (excluding conduit business) (in millions)		$	98.2			$	66.7			$	129.1			$	247.1			$	409.9
Net interest revenue — conduit business (in millions)			0.4				0.7				2.8				3.8				9.0
Net interest revenue — total (in millions)		$	98.6			$	67.4			$	131.9			$	250.9			$	418.9

TD AMERITRADE HOLDING CORPORATION
RECONCILIATION OF FINANCIAL MEASURES
In thousands, except percentages and per share amounts
(Unaudited)

		Quarter
		Ended
		June 30, 2009
EPS From Ongoing Operations (1)
Diluted earnings per share, as reported		$	0.30
Adjustments on a per share basis, net of income tax effect:
FDIC special regulatory assessment			0.01
Earnout payment on acquisition			0.01
Write-off of software development costs			0.01
Loss on sale of investments			0.00
EPS from ongoing operations		$	0.33

		Quarter Ended																								Nine Months Ended
		June 30, 2009								Mar. 31, 2009								June 30, 2008								June 30, 2009								June 30, 2008
		$				% of Rev.				$				% of Rev.				$				% of Rev.				$				% of Rev.				$				% of Rev.
EBITDA (2)
EBITDA		$	316,824				51.6	%		$	258,339				49.2	%		$	369,702				59.3	%		$	918,402				52.5	%		$	1,117,672				59.2	%
Less:
Depreciation and amortization			(11,162	)			(1.8	%)			(10,635	)			(2.0	%)			(9,841	)			(1.6	%)			(33,299	)			(1.9	%)			(26,423	)			(1.4	%)
Amortization of acquired
intangible assets			(17,551	)			(2.9	%)			(15,200	)			(2.9	%)			(15,337	)			(2.5	%)			(48,289	)			(2.8	%)			(43,809	)			(2.3	%)
Interest on borrowings			(8,365	)			(1.4	%)			(8,244	)			(1.6	%)			(16,344	)			(2.6	%)			(32,246	)			(1.8	%)			(62,674	)			(3.3	%)
Pre-tax income		$	279,746				45.6	%		$	224,260				42.7	%		$	328,180				52.6	%		$	804,568				46.0	%		$	984,766				52.2	%

		As of
		June 30,				Mar. 31,				Dec. 31,				Sept. 30,				June 30,
		2009				2009				2008				2008				2008
Liquid Assets (3)
Liquid assets		$	1,053,587			$	1,151,346			$	1,308,015			$	788,175			$	660,427
Plus: Broker-dealer cash and cash equivalents			858,350				565,493				838,061				418,626				417,559
Trust company cash and cash equivalents			65,805				38,203				99,173				61,430				1,388,021
Investment advisory cash and cash equivalents			15,989				14,273				13,038				9,447				10,429
Less: Corporate short-term investments			(49,496	)			(75,392	)			(83,560	)			(14,491	)			—
Excess trust Tier 1 capital			(6,213	)			(7,637	)			(101,253	)			(102,427	)			—
Excess broker-dealer regulatory net capital			(818,198	)			(613,644	)			(919,319	)			(486,625	)			(547,679	)
Cash and cash equivalents		$	1,119,824			$	1,072,642			$	1,154,155			$	674,135			$	1,928,757