Large Canadian bank providing personal, commercial banking, wealth management, insurance, and capital markets services.
Profile & Fundamentals
Royal Bank of Canada: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Royal Bank of Canada Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Royal Bank of Canada operates as a diversified financial service company worldwide. Its Personal Banking segment offers home equity financing, personal lending, chequing and savings accounts, private banking, auto financing, mutual funds, GICs, credit cards, and payment products and solutions. The company's Commercial Banking segments provides lending, deposit and transaction banking products and services. Its Wealth Management segment provides a suite of wealth, investment, trust, banking, credit, and other solutions to clients; asset management products to institutional and individual clients; and asset and investor services to financial institutions, asset managers, and asset owners. The company's Insurance segment offers life, health, travel, wealth, annuities, property and casualty, and reinsurance advice and solutions; digital platforms; and independent brokers and partners, as well as client-led advice and solutions. The company's Capital Markets segment offers advisory and origination, sales and trading, lending and financing, and transaction banking services to corporations, institutional clients, asset managers, private equity firms, and governments. The company was founded in 1864 and is based in Toronto, Canada.
Company profile record
Royal Bank of Canada
Common Stock · Financials · Diversified Banks
Company
- Company / asset
- Royal Bank of Canada
- Security type
- Common Stock
- Sector
- Financials
- Industry
- Diversified Banks
- HQ
- 🇨🇦 Canada
- Head office
- Royal Bank Plaza, Toronto, ON, Canada, M5J 2J5
Leadership & scale
- Chief executive
- Mr. David I. McKay
- CEO year born
- 1963
- Full-time employees
- 101.3K
- Fiscal year end
- October
Fundamentals snapshot
- Market Cap
- CAD 388.4B
- P/E
- 17.1x
- Revenue (Q3 26)
- CAD 38.6B
- Profit (Q3 26)
- CAD 6.0B
- Dividend Yield
- 1.3%
- Revenue (FY 25)
- CAD 137.4B
- Shares in public float
- 1.4B
- Insider ownership
- 0.03%
Reporting & identifiers
- Symbol
- RY.TSX
- Listing
- 🇨🇦 Canada | Dividend Tax: 25%
- Ticker Currency
- CAD
- Income Statement Currency
- CAD
- Balance Sheet Currency
- CAD
- Cash Flow Currency
- CAD
- EPS Currency
- CAD
- Contract Type
- SPOT
- ISIN
- CA7800871021
- Asset ID
- equity_8cbb4c49-1386-50fd-a376-15b8fdea049e
Ownership
Shares Outstanding
Latest: 1.4B | Max: 1.5B | Min: 1.4B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
99.43%
1.4B latest reported shares
Insider Ownership
0.03%
Latest reported insider stake
Short Float
0.01%
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 1,464,916,000 |
| 2018-01-01 | 1,446,514,000 |
| 2019-01-01 | 1,438,257,000 |
| 2020-01-01 | 1,426,466,000 |
| 2021-01-01 | 1,427,296,000 |
| 2022-01-01 | 1,388,548,000 |
| 2023-01-01 | 1,400,689,700 |
| 2024-01-01 | 1,416,149,000 |
| 2025-01-01 | 1,407,713,000 |
| 2026-01-01 | 1,391,074,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Royal Bank of Canada demonstrated exceptional financial strength in fiscal 2026, delivering record third-quarter net income of CAD 6.02 billion, an 11% increase year-over-year. This earnings expansion was propelled by the full integration of HSBC Canada, which expanded earning assets, alongside double-digit fee growth across Wealth Management and Capital Markets. However, investors must distinguish between headline accounting consolidation and recurring organic growth. Reported fiscal 2025 revenue figures reflected gross accounting treatments; net underlying revenue is closer to CAD 60 billion. Beneath the record bottom-line numbers, retail personal banking profits slipped slightly, revealing that growth is currently heavily carried by market-sensitive trading and advisory fees. While pre-provision profits easily absorb today's credit provisions, organic loan expansion is slowing.
Royal Bank of Canada demonstrated exceptional financial strength in fiscal 2026, delivering record third-quarter net income of CAD 6.02 billion, an 11% increase year-over-year. This earnings expansion was propelled by the full integration of HSBC Canada, which expanded earning assets, alongside double-digit fee growth across Wealth Management and Capital Markets. However, investors must distinguish between headline accounting consolidation and recurring organic growth. Reported fiscal 2025 revenue figures reflected gross accounting treatments; net underlying revenue is closer to CAD 60 billion. Beneath the record bottom-line numbers, retail personal banking profits slipped slightly, revealing that growth is currently heavily carried by market-sensitive trading and advisory fees. While pre-provision profits easily absorb today's credit provisions, organic loan expansion is slowing.
Revenue, Net Income, and Free Cash Flow
Latest: CAD 137.4B | Max: CAD 137.4B | Min: CAD 10.4B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 14x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability metrics sit near cyclical highs, with reported return on equity reaching 17.9% and the adjusted efficiency ratio improving to 52% in fiscal Q3 2026. Margin strength has been sustained by widening loan spreads against cheap core deposits, accompanied by 2.4% positive adjusted operating leverage. Canada's protected banking market allows the bank to maintain superior pricing power over international peers. Nevertheless, maintaining an 18% return on equity represents a cyclical peak rather than a permanent baseline. As purchase accounting benefits roll off, deposit competition intensifies, and credit loss provisions normalize toward historical levels, structural profitability margins will gently drift toward a sustainable 15% to 16% through-cycle range.
Profitability metrics sit near cyclical highs, with reported return on equity reaching 17.9% and the adjusted efficiency ratio improving to 52% in fiscal Q3 2026. Margin strength has been sustained by widening loan spreads against cheap core deposits, accompanied by 2.4% positive adjusted operating leverage. Canada's protected banking market allows the bank to maintain superior pricing power over international peers. Nevertheless, maintaining an 18% return on equity represents a cyclical peak rather than a permanent baseline. As purchase accounting benefits roll off, deposit competition intensifies, and credit loss provisions normalize toward historical levels, structural profitability margins will gently drift toward a sustainable 15% to 16% through-cycle range.
Profitability Margins
Latest: 45.3% | Max: 100.0% | Min: 14.8%
Latest Profitability Ratios as of 2025-10-31
Gross Margin
45.3%
Gross profit / revenue
Operating Margin
18.7%
Operating income / revenue
Net Margin
14.8%
Net income / revenue
FCF Margin
38.6%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-10-31 | 27,797,761,194.03 | 7,764,925,373.13 | 19,103,731,343.28 |
| 2017-10-31 | 30,634,883,720.93 | 8,858,914,728.68 | 28,186,821,705.43 |
| 2018-10-31 | 31,264,393,939.39 | 9,393,939,393.94 | 11,737,878,787.88 |
| 2019-10-31 | 33,437,878,787.88 | 9,742,424,242.42 | 9,093,939,393.94 |
| 2020-10-31 | 32,203,007,518.8 | 8,595,488,721.8 | 102,398,496,240.6 |
| 2021-10-31 | 40,682,258,064.52 | 12,933,870,967.74 | 47,466,129,032.26 |
| 2022-10-31 | 35,662,500,000 | 11,613,235,294.12 | 14,295,588,235.29 |
| 2023-10-31 | 35,248,920,863.31 | 10,507,194,244.6 | 16,797,841,726.62 |
| 2024-10-31 | 38,929,496,402.88 | 11,676,258,992.81 | 15,006,474,820.14 |
| 2025-10-31 | 98,112,142,857.14 | 14,544,285,714.29 | 37,840,714,285.71 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-10-31 | 14.21 | Trailing four quarters |
| 2024-10-31 | 14.69 | Trailing four quarters |
| 2023-10-31 | 10.62 | Trailing four quarters |
| 2022-10-31 | 11.08 | Annual net income |
| 2021-10-31 | 11.46 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-10-31 | 100 | 53.27 | 27.93 | 68.72 |
| 2017-10-31 | 100 | 52.99 | 28.92 | 92.01 |
| 2018-10-31 | 100 | 53.1 | 30.05 | 37.54 |
| 2019-10-31 | 100 | 53.77 | 29.14 | 27.2 |
| 2020-10-31 | 100 | 50.65 | 26.69 | 317.98 |
| 2021-10-31 | 100 | 55.61 | 31.79 | 116.68 |
| 2022-10-31 | 100 | 53.04 | 32.56 | 40.09 |
| 2023-10-31 | 100 | 46.35 | 29.81 | 47.65 |
| 2024-10-31 | 100 | 45.82 | 29.99 | 38.55 |
| 2025-10-31 | 45.26 | 18.67 | 14.82 | 38.57 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-08.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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