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Royal Bank of Canada RY

US equityMarket cap rank #48Banks - Diversified
$199.22
−$0.24 (-0.12%)
Market open · Sep 24, 1:10 pm ET
After hours $199.45 0.00%
Open$198.67
Prev close$199.45
Day range$198.07 – $200.13
Volume274.6K
Market cap$275.80B
P/E (TTM)17.7
Dividend yield2.36%

Fundamentals

Latest reported quarter: Q3, ended Jul 2026 · reported in CAD

RevenueC$18.51B+9.1% YoY
Net profitC$6.02B+11.3% YoY
Diluted EPSC$4.23+12.8% YoY
Free cash flowC$34.36B+20.7% YoY
Operating cash flowC$35.10B

Revenue, last 8 quarters

C$15.1BOct '24C$16.7BJan '25C$15.7BApr '25C$17.0BJul '25C$17.2BOct '25C$17.9BJan '26C$17.4BApr '26C$18.5BJul '26

Net profit, last 8 quarters

C$4.2BOct '24C$5.1BJan '25C$4.4BApr '25C$5.4BJul '25C$5.4BOct '25C$5.8BJan '26C$5.5BApr '26C$6.0BJul '26

Diluted EPS by quarter

2.91Oct '243.54Jan '253.02Apr '253.75Jul '253.76Oct '254.03Jan '263.85Apr '264.23Jul '26

Free cash flow by quarter

C$16.5BOct '24C$30.5BJan '25C$9.4BApr '25C$28.5BJul '25C$-15.3BOct '25C$37.3BJan '26C$20.8BApr '26C$34.4BJul '26

Annual revenue

C$47.1BFY20C$49.5BFY21C$48.8BFY22C$51.6BFY23C$57.5BFY24C$66.5BFY25

Profitability & balance sheet

Net margin31.2%
Return on equity17.2%
Return on assets0.9%
Liabilities / assets94.2%
Cash & investmentsC$114.57B
Total debtC$595.33B
Net cash (debt)-C$480.75B
Free cash flow / sales108.6%

Where the revenue comes from

Quarter 2026/Q3

By business line

  • Wealth ManagementC$6.41B 34.6%
  • Personal BankingC$5.29B 28.5%
  • Capital MarketsC$4.21B 22.7%
  • Commercial BankingC$2.25B 12.1%
  • InsuranceC$328.00M 1.8%
  • Corporate SupportC$49.00M 0.3%

This company reports in its own local currency, not U.S. dollars. Every figure below is labeled with its real currency, not automatically converted.

Income statement

Line item 2026 Q3
(CAD)
2026 Q2
(CAD)
2026 Q1
(CAD)
2025 ANNUAL
(CAD)
2025 Q4
(CAD)
Total Revenue as Reported C$18.54B C$17.45B C$17.96B C$66.61B C$17.21B
Total Operating Revenue C$18.51B C$17.43B C$17.92B C$66.53B C$17.20B
Net Interest Income C$8.74B C$8.51B C$8.59B C$33.00B C$8.65B
-Interest Income C$26.59B C$25.02B C$26.10B C$103.83B C$26.29B
-Interest Expense C$17.84B C$16.52B C$17.52B C$70.83B C$17.65B
Non-Interest Income C$9.77B C$8.92B C$9.34B C$33.53B C$8.55B
-Total Premiums Earned C$287.00M C$309.00M C$299.00M C$1.15B C$154.00M
-Fees and Commissions C$6.55B C$6.20B C$6.20B C$23.06B C$6.09B
-Trading Gain Loss C$962.00M C$609.00M C$1.18B C$3.13B C$604.00M
-Investment Banking Profit C$1.02B C$878.00M C$742.00M C$2.90B C$760.00M
-Foreign Exchange Trading Gains C$349.00M C$345.00M C$380.00M C$1.30B C$334.00M
-Other Non-Interest Income C$566.00M C$485.00M C$464.00M C$1.87B C$608.00M
-Gain Loss on Sale of Assets C$29.00M C$102.00M C$76.00M C$120.00M C$2.00M
Credit Losses Provision -C$1.00B -C$912.00M -C$1.09B -C$4.36B -C$1.01B
Non-Interest Expense C$9.79B C$9.44B C$9.46B C$36.52B C$9.34B
Occupancy and Equipment C$1.20B C$1.18B C$1.15B C$4.47B C$1.13B
Professional Expense and Contract Services Expense C$574.00M C$513.00M C$471.00M C$2.18B C$609.00M
Selling and Admin Expenses C$6.29B C$6.01B C$6.29B C$23.12B C$5.79B
-General & Admin Expense C$6.29B C$6.01B C$6.29B C$23.12B C$5.79B
Depreciation & Amortization & Depletion C$395.00M C$387.00M C$386.00M C$1.76B C$431.00M
-Depreciation & Amortization C$395.00M C$387.00M C$386.00M C$1.76B C$431.00M
Other Non-Interest Expenses C$1.33B C$1.35B C$1.17B C$4.99B C$1.38B
Other Income (Expense) C$27.00M C$24.00M C$37.00M -C$4.00M -C$21.00M
Income from Associates & Other Participating Interests C$27.00M C$24.00M C$37.00M C$73.00M C$13.00M
Special Income (Charges) C$0.00 C$0.00 C$0.00 -C$77.00M -C$34.00M
-Less:Restructuring and Mergern & Acquisition C$0.00 C$0.00 C$0.00 C$43.00M C$0.00
Pretax Profit C$7.75B C$7.10B C$7.41B C$25.65B C$6.83B
Tax C$1.73B C$1.60B C$1.62B C$5.28B C$1.39B
Net Profit C$6.02B C$5.51B C$5.79B C$20.37B C$5.43B
Profit from Continuing Operations C$6.02B C$5.51B C$5.79B C$20.37B C$5.43B
Minority Interests C$2.00M C$2.00M C$1.00M C$7.00M C$2.00M
Net Income to Parent Company C$6.02B C$5.51B C$5.78B C$20.36B C$5.43B
Preferred Stock Dividends C$143.00M C$135.00M C$141.00M C$494.00M C$139.00M
Net Income to Common Stockholders C$5.88B C$5.37B C$5.64B C$19.87B C$5.29B
Basic EPS C$4.24 C$3.86 C$4.03 C$14.10 C$3.77
Diluted EPS C$4.23 C$3.85 C$4.03 C$14.07 C$3.76
Dividend Per Share C$1.76 C$1.64 C$1.64 C$6.04 C$1.54
-Less:Impairment of Capital Assets C$34.00M
-Gain on Sale of Business C$0.00 C$0.00

Balance sheet

Line item 2026 Q3
(CAD)
2026 Q2
(CAD)
2026 Q1
(CAD)
2025 ANNUAL
(CAD)
2025 Q4
(CAD)
Total Assets C$2.50T C$2.40T C$2.34T C$2.33T C$2.33T
Cash, Cash Equivalents & Federal Funds Sold C$428.61B C$409.87B C$379.10B C$410.63B C$410.63B
-Cash and Cash Equivalents C$114.57B C$93.49B C$99.30B C$87.39B C$87.39B
-Money Market Investments C$314.04B C$316.38B C$279.80B C$309.68B C$309.68B
Securities Investment C$646.16B C$612.36B C$588.97B C$561.79B C$561.79B
-Trading Securities C$252.21B C$236.60B C$124.84B C$186.84B C$186.84B
-Available for Sale Securities C$103.45B C$99.84B C$98.32B C$277.86B C$277.86B
-Short Term Investments C$290.50B C$275.93B C$365.80B C$97.09B C$97.09B
Derivative Assets C$162.39B C$150.75B C$170.83B C$177.21B C$177.21B
Net Loan C$1.11T C$1.08T C$1.05T C$1.04T C$1.04T
-Gross Loan C$1.12T C$1.09T C$1.06T C$1.05T C$1.05T
-Allowance for Loans and Lease Losses C$7.43B C$7.52B C$7.40B C$7.09B C$7.09B
Net PPE C$6.95B C$6.78B C$6.72B C$6.82B C$6.82B
Goodwill and Other Intangible Assets C$26.82B C$26.54B C$26.60B C$26.81B C$26.81B
-Goodwill C$19.49B C$19.24B C$19.26B C$19.41B C$19.41B
-Other Intangible Assets C$7.33B C$7.30B C$7.34B C$7.40B C$7.40B
Other Assets C$119.16B C$111.84B C$115.30B C$48.80B C$48.80B
Total Liabilities C$2.35T C$2.26T C$2.20T C$2.19T C$2.19T
Total Deposits C$1.06T C$1.02T C$999.40B C$991.53B C$991.53B
Federal Funds Purchased and Securities Sold Under Agreement to Repurchase C$325.19B C$312.95B C$288.02B C$289.52B C$289.52B
Derivative Product Liabilities C$167.04B C$156.63B C$170.73B C$183.95B C$183.95B
Short-Term Debt and Capital Lease Obligation C$231.63B C$211.87B C$207.49B C$187.04B C$187.04B
-Current Debt C$231.63B C$211.87B C$207.49B C$187.04B C$187.04B
Trading Liabilities C$59.41B C$57.47B C$47.81B C$49.89B C$49.89B
Long Term Debt and Capital Lease Obligation C$363.70B C$361.80B C$347.21B C$358.40B C$358.40B
-Long Term Debt C$363.70B C$361.80B C$347.21B C$353.81B C$353.81B
Other Liabilities C$143.94B C$133.21B C$141.89B C$76.35B C$76.35B
Total Equity C$145.09B C$140.77B C$139.86B C$139.15B C$139.15B
Stockholders' Equity C$145.04B C$140.72B C$139.80B C$139.09B C$139.09B
Capital Stock C$31.91B C$31.91B C$32.00B C$32.51B C$32.51B
-Common Stock C$20.75B C$20.76B C$20.84B C$20.86B C$20.86B
-Preferred Stock C$11.15B C$11.15B C$11.15B C$11.64B C$11.64B
Retained Earnings C$103.48B C$101.24B C$99.27B C$96.94B C$96.94B
Less: Treasury Stock C$136.00M C$137.00M C$31.00M C$78.00M C$78.00M
Other Equity Interests C$9.79B C$7.70B C$8.57B C$9.73B C$9.73B
Minority Interests C$58.00M C$56.00M C$57.00M C$59.00M C$59.00M
-Restricted Cash and Investments C$13.56B C$13.56B
Long Term Equity Investment C$829.00M C$829.00M
Receivables C$41.21B C$41.21B
-Accounts Receivable C$13.37B C$13.37B
-Other Receivables C$27.84B C$27.84B
-Gross PPE C$14.50B C$14.50B
-Accumulated Depreciation -C$7.68B -C$7.68B
Defined Pension Benefit C$4.01B C$4.01B
Deferred Assets C$4.49B C$4.49B
Payables C$28.09B C$28.09B
-Accounts Payable C$22.93B C$22.93B
-Total Tax Payable C$2.85B C$2.85B
-Dividends Payable C$2.31B C$2.31B
Current Accrued Expenses C$13.57B C$13.57B
-Long Term Capital Lease Obligation C$4.59B C$4.59B
Non-Current Liabilities C$782.00M C$782.00M
Employee Benefits C$1.97B C$1.97B
Non-Current Deferred Liabilities C$4.76B C$4.76B

Cash flow

Line item 2026 Q3
(CAD)
2026 Q2
(CAD)
2026 Q1
(CAD)
2025 ANNUAL
(CAD)
2025 Q4
(CAD)
Operating Cash Flow C$35.10B C$21.28B C$37.90B C$55.22B -C$14.79B
Net cash flow from continuing operations C$35.10B C$21.28B C$37.90B C$55.22B -C$14.79B
Net Income from Continuing Operations C$6.02B C$5.51B C$5.79B C$20.37B C$5.43B
Gain/Loss from Continuing Operations -C$56.00M -C$126.00M -C$118.00M -C$205.00M -C$27.00M
Depreciation & Depletion & Amortization C$740.00M C$722.00M C$710.00M C$3.08B C$757.00M
Deferred Tax C$32.00M -C$211.00M C$208.00M -C$216.00M -C$111.00M
Change in Working Capital C$27.36B C$14.47B C$30.22B C$27.83B -C$21.85B
-Change in Loans -C$16.12B -C$34.83B C$15.62B -C$36.78B -C$35.65B
-Change in Other Working Capital C$43.48B C$49.30B C$14.61B C$64.61B C$13.81B
Net cash flow from investing -C$27.60B C$379.00M -C$26.73B -C$68.57B C$17.42B
Net Cash Flow from Continuing Investing Activities -C$27.60B C$379.00M -C$26.73B -C$68.57B C$17.42B
Proceeds Payment in Interest Bearing Deposits in Bank -C$16.29B C$18.93B -C$2.71B C$15.66B C$22.46B
Net PPE Purchase and Sale -C$743.00M -C$459.00M -C$597.00M -C$2.24B -C$549.00M
Net Business Purchase and Sale C$0.00 -C$11.00M C$0.00 C$0.00
Net Investment Purchase and Sale -C$10.57B -C$18.08B -C$23.43B -C$81.98B -C$4.49B
Financing Cash Flow -C$3.71B -C$7.92B -C$1.28B -C$6.71B -C$661.00M
Net Cash Flow from Continuing Financing Activities -C$3.71B -C$7.92B -C$1.28B -C$6.71B -C$661.00M
Net Issuance Payments of Debt C$247.00M -C$3.73B C$2.48B C$2.26B C$2.51B
Net Common Stock Issuance -C$1.54B -C$1.75B -C$953.00M -C$2.72B -C$978.00M
Net Preferred Stock Issuance C$0.00 C$0.00 -C$499.00M C$2.60B C$111.00M
Cash Dividends Paid -C$2.41B -C$2.43B -C$2.30B -C$8.80B -C$2.29B
Net Other Financing Activities -C$3.00M -C$1.00M -C$13.00M -C$39.00M -C$13.00M
Ending Cash Balance C$64.14B C$59.35B C$46.23B C$37.02B C$37.02B
Net Change in Cash C$3.78B C$13.73B C$9.89B -C$20.06B C$1.98B
Beginning Cash Balance C$59.35B C$46.23B C$37.02B C$56.72B C$34.93B
Effect of Exchange Rate Changes C$1.01B -C$613.00M -C$683.00M C$361.00M C$120.00M
Free Cash Flow C$34.36B C$20.82B C$37.30B C$52.98B -C$15.33B
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