Royal Bank of Canada (RY) Financial Statements

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Royal Bank of Canada financial statements at a glance

Royal Bank of Canada reported revenue of 66.53 billion CAD for fiscal year 2025 (ended October 31, 2025), up 15.7% from fiscal year 2024. Net income was 19.87 billion CAD, a net margin of 29.9%, and diluted earnings per share were 14.07 CAD.

At the end of fiscal year 2025 it had total assets of 2.33 trillion CAD, total liabilities of 2.19 trillion CAD and shareholders' equity of 139.09 billion CAD, with cash of 87.39 billion CAD and total debt of 545.44 billion CAD.

Its operations brought in 55.22 billion CAD of cash; capital spending was 2.24 billion CAD, leaving free cash flow of 52.98 billion CAD.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in CAD; latest fiscal year ended October 31, 2025.

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Royal Bank of Canada

RYCanada
Financial Services
CAD (Local)

Income Statement

Annual • CAD

Total Revenue
66.53B
Prev Year: 57.49B
YoY: +15.7%
Net Interest Income
33.00B
Prev Year: 27.95B
YoY: +18.1%
Interest Income
103.83B
Prev Year: 104.95B
YoY: -1.1%
Interest Expense
70.83B
Prev Year: 77.00B
YoY: -8.0%
Non Interest Income
-
Prev Year: 29.54B
Total Premiums Earned
-
Prev Year: 1.07B
Gain on Sale of Securities
120.00M
Prev Year: 170.00M
YoY: -29.4%
Operating Revenue
66.53B
Provision for Credit Losses
-
Prev Year: -3.23B
Occupancy And Equipment
4.47B
Prev Year: 4.34B
YoY: +2.9%
Professional and Contract Services Expense
2.18B
Prev Year: 2.52B
YoY: -13.8%
Selling General and Administrative
23.12B
Prev Year: 21.08B
YoY: +9.7%
General and Administrative Expense
23.12B
Prev Year: 21.08B
YoY: +9.7%
Salaries and Wages
23.12B
Prev Year: 21.08B
YoY: +9.7%
Other Noninterest Expense
4.99B
Prev Year: 3.69B
YoY: +35.0%
Special Income Charges
-77.00M
Prev Year: -1.19B
YoY: +93.5%
Non Interest Expense
-
Prev Year: 33.19B
Restructuring and Mergers Acquisition
43.00M
Prev Year: 1.09B
YoY: -96.1%
Pre-tax Income
25.65B
Prev Year: 19.86B
YoY: +29.1%
Income from Associates and Other Participating Interests
-
Prev Year: -15.00M
Provision for Income Taxes
5.28B
Prev Year: 3.62B
YoY: +45.8%
Net Income Common Stockholders
19.87B
Prev Year: 15.91B
YoY: +24.9%
Net Income
20.36B
Prev Year: 16.23B
YoY: +25.5%
Net Income Including Non-Controlling Interests
20.37B
Prev Year: 16.24B
YoY: +25.4%
Net Income from Continuing Operations
20.37B
Prev Year: 16.24B
YoY: +25.4%
Preferred Stock Dividends
494.00M
Prev Year: 322.00M
YoY: +53.4%
Diluted NI Available to Com Stockholders
19.87B
Prev Year: 15.91B
YoY: +24.9%
Basic EPS
14.1
Prev Year: 11.27
YoY: +25.1%
Diluted EPS
14.07
Prev Year: 11.25
YoY: +25.1%
Average Dilution Earnings
-
Weighted Average Shares (basic)
1.41B
Prev Year: 1.41B
YoY: -0.2%
Weighted Average Shares (diluted)
1.41B
Prev Year: 1.41B
YoY: -0.2%
Net Income from Continuing and Discontinued Operation
20.36B
Prev Year: 16.23B
YoY: +25.5%
Normalized Income
20.42B
Prev Year: 17.20B
YoY: +18.7%
Reconciled Depreciation
3.08B
Prev Year: 2.98B
YoY: +3.3%
Interest Income After Provision for Loan Loss
-
Prev Year: 24.72B
Net Income from Continuing Operation Net Minority Interest
20.36B
Prev Year: 16.23B
YoY: +25.5%
Total Unusual Items Excluding Goodwill
-77.00M
Prev Year: -1.19B
YoY: +93.5%
Total Unusual Items
-77.00M
Prev Year: -1.19B
YoY: +93.5%
Total Money Market Investments
-
Prev Year: 33.24B
Tax Rate for Calcs
0.206
Prev Year: 0
Tax Effect of Unusual Items
-15.86M
Prev Year: -216.22M
YoY: +92.7%
Noncontrolling Interests
-7.00M
Prev Year: -10.00M
YoY: +30.0%
Impairment of Capital Assets
34.00M
Prev Year: 68.00M
YoY: -50.0%
Depreciation Amortization Depletion
1.76B
Prev Year: 1.55B
YoY: +13.6%
Depreciation and amortization
1.76B
Prev Year: 1.55B
YoY: +13.6%
Amortization
1.76B
Prev Year: 1.55B
YoY: +13.6%
Amortization of Intangibles
1.76B
Prev Year: 1.55B
YoY: +13.6%
Values in CAD

Royal Bank of Canada key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue66.5B CAD57.5B CAD51.6B CAD48.8B CAD49.5B CAD
Net income19.9B CAD15.9B CAD14.4B CAD15.5B CAD15.8B CAD
Diluted EPS14.07 CAD11.25 CAD10.32 CAD11.06 CAD11.06 CAD
Total assets2.3T CAD2.2T CAD2.0T CAD1.9T CAD1.7T CAD
Total liabilities2.2T CAD2.0T CAD1.9T CAD1.8T CAD1.6T CAD
Shareholders' equity139.1B CAD127.1B CAD115.0B CAD108.1B CAD98.7B CAD
Cash87.4B CAD122.7B CAD133.1B CAD180.4B CAD193.5B CAD
Total debt545.4B CAD474.2B CAD439.4B CAD425.2B CAD305.0B CAD
Operating cash flow55.2B CAD23.1B CAD26.1B CAD21.9B CAD61.0B CAD
Capital spending2.2B CAD2.3B CAD2.7B CAD2.5B CAD2.2B CAD
Free cash flow53.0B CAD20.9B CAD23.3B CAD19.4B CAD58.9B CAD

In CAD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2017.

Questions and answers

What was Royal Bank of Canada's revenue in fiscal year 2025?

66.53 billion CAD, up 15.7% from 57.49 billion CAD in fiscal year 2024.

How much profit does Royal Bank of Canada make?

Royal Bank of Canada reported net income of 19.87 billion CAD for fiscal year 2025 (29.9% of revenue).

How much cash and debt does Royal Bank of Canada have?

At the end of fiscal year 2025: cash of 87.39 billion CAD and total debt of 545.44 billion CAD.

What is Royal Bank of Canada's free cash flow?

52.98 billion CAD in fiscal year 2025 (operating cash flow of 55.22 billion CAD minus capital spending of 2.24 billion CAD).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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