MARKETS / NYSE / Financials / Banks / RY

NYSE · COMMERCIAL BANKS, NEC

Royal Bank of Canada RY

9 fiscal years on record · CAD · FY2025 reported · SEC filings only

Revenue

CAD 66.6B

▲ 16.1% YoY

Net income

CAD 20.4B

▲ 25.5% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Royal Bank of Canada serves more than 19 million clients in Canada, the U.S. and 27 other countries. Its workforce numbers more than 100,000 employees. The business segments are Personal Banking, Commercial Banking, Wealth Management, Insurance and Capital Markets, and they are supported by Corporate Support. The Bank and the subsidiaries Royal Trust Corporation of Canada, The Royal Trust Company, Royal Bank Mortgage Corporation and RBC Investor Services Trust are member institutions of the Canada Deposit Insurance Corporation. Banking activities in the United States are conducted at CNB and RBC Bank (Georgia), National Association, which take retail deposits and offer retail and commercial banking services, including consumer lending products and business and commercial loans. Securities brokerage, trading and investment banking in the United States are conducted through broker-dealer subsidiaries that include RBC Capital Markets, LLC and City National Securities, Inc.

Written from the business description in ROYAL BANK OF CANADA's annual report to the U.S. Securities and Exchange Commission, filed 3 December 2025. Every sentence was checked against that document before publication.

Growth

CAD 66.6B

Revenue, FY2025 · full 9-year series below

Revenue CAD B Net income CAD B

FY2025 · Revenue 66.6 · Net income 20.4

25.0B50.0B

2017202020232025

Compound annual growth

Revenue

+10.8%

+7.1%

Net income

+8.8%

+12.2%

EPS, diluted

+8.4%

+12.5%

Returned to shareholders

−10.3%

−1.9%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +7.1% a year over the five years to FY2025 — but profit grew faster: net income at +12.2%, earnings per share at +12.5%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

31 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Net 30.6%

10%20%30%

201720212025

ROE

FY2025 · ROE 15.3%

5%10%15%

201720212025

Three returns, three denominators.

Return on equity15.3%

Return on assets0.9%

Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Gross margin·

Operating margin·

Net margin30.6%

EBITDA·

Each CAD of equity produced 15 cents of profit this year.

Cash & shareholders

CAD 8.5B

returned in FY2025 · dividends + net buybacks

Net buybacks CAD B Dividends CAD B

FY2025 · Dividends 8.5 · Net buybacks ·

5B10BDividendsNet buybacks

201720182019202020212022202320242025

Dividends paidCAD 8.5B

Net buybacks·

Share of profit41.8%

Consecutive raises·

CAD 8.5B in dividends — 42% of the year's profit went back to shareholders.

Total assetsCAD 2.33T

EquityCAD 139.1B

CashCAD 37.0B

DepositsCAD 39.6B

Equity funds 6% of total assets.

The 9-year record

9 fiscal years

Every figure from documents filed with the SEC · CAD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data

RY, 9-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017
Revenue CAD B	66.6	57.3	51.5	49.0	49.7	47.2	46.0	42.6	40.7
Operating income CAD B	◌	◌	◌	◌	◌	◌	◌	◌	◌
EBITDA CAD B	◌	◌	◌	◌	◌	◌	◌	◌	◌
Income tax CAD B	5.3	3.6	3.6	4.3	4.6	3.0	3.0	3.3	3.2
Net income CAD B	20.4	16.2	14.6	15.8	16.0	11.4	12.9	12.4	11.4
EPS, diluted CAD	14.07	11.25	10.32	11.06	11.06	7.82	8.75	8.36	7.56
Dividend / sh CAD	◌	◌	◌	◌	◌	◌	◌	◌	◌
Payout %	42	49	51	44	40	55	47	45	46
ROE %	15.3	13.4	13.1	15.3	17.3	13.4	15.7	16.1	15.7

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

Royal Bank of CanadavsToronto Dominion BankSame industry: Commercial Banks, NEC Royal Bank of CanadavsBank of Nova ScotiaSame industry: Commercial Banks, NEC Royal Bank of CanadavsBank of MontrealSame industry: Commercial Banks, NEC Royal Bank of CanadavsCanadian Imperial Bank of CommerceSame industry: Commercial Banks, NEC Royal Bank of CanadavsVersaBankSame industry: Commercial Banks, NEC

Other companies filing in the same sector

UNH · BRK-A · BRK-B · CI · ELV · CNC

Provenance

Company facts, as filed

How we verify · 0 failures in 28 reconciliationsAUDITED

Reconciled in 9 of the 9 fiscal years we could check. 10 checks were skipped: the balance sheet is not tagged before 2017. 10 checks were skipped: EPS is not tagged before 2017.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityCommercial Banks, NEC

Listed onNYSE

Incorporated inoutside the United States — SEC code A6

Fiscal year endsOctober 31

Data on record since2016