Royal Bank of Canada (RY) — Financial statements
Income statement, balance sheet, and cash flow for Royal Bank of Canada — annual and quarterly history with growth and margin analysis.
| Metric (CAD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 137,357↑2.1% | 134,489↑18.5% | 113,453↑69.8% | 66,829↑15.9% | 57,680 | |
| Cost of Revenue | 75,187↓6.3% | 80,230↑24.7% | 64,330↑247.0% | 18,538↑150.9% | 7,390 | |
| Gross Profit | 62,170↑14.6% | 54,259↑10.5% | 49,123↑1.7% | 48,291↓4.0% | 50,290 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 23,122↑9.7% | 21,083↑11.8% | 18,853↑3.0% | 18,311↓10.4% | 20,430 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 23,122↑9.7% | 21,083↑11.8% | 18,853↑3.0% | 18,311↓10.4% | 20,430 | |
| Other Expenses | 13,397↑0.6% | 13,314↑10.2% | 12,087↑22.4% | 9,871↑7.0% | 9,229 | |
| Operating Expenses | 36,519↑6.2% | 34,397↑11.2% | 30,940↑9.8% | 28,182↓5.0% | 29,659 | |
| Total Costs & Expenses | 111,706↓2.5% | 114,627↑20.3% | 95,270↑103.9% | 46,720↑26.1% | 37,049 | |
| Operating Results | ||||||
| Operating Income | 25,651↑29.1% | 19,862↑9.2% | 18,183↓9.6% | 20,109↓2.5% | 20,631 | |
| Depreciation & Amortization | 3,079↑3.3% | 2,981↑4.4% | 2,854↑7.6% | 2,652↑2.3% | 2,592 | |
| EBITDA | 28,730↑25.8% | 22,843↑8.6% | 21,037↓7.6% | 22,761↓2.0% | 23,223 | |
| EBIT | 25,651↑29.1% | 19,862↑9.2% | 18,183↓9.6% | 20,109↓2.5% | 20,631 | |
| Interest & Other Income | ||||||
| Net Interest Income | 33,000↑18.1% | 27,953↑11.2% | 25,129↑10.6% | 22,717↑13.6% | 20,002 | |
| Interest Income | 103,825↓1.1% | 104,951↑20.6% | 86,991↑113.4% | 40,771↑44.9% | 28,145 | |
| Interest Expense | 70,825↓8.0% | 76,998↑24.5% | 61,862↑242.6% | 18,054↑121.7% | 8,143 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 25,651↑29.1% | 19,862↑9.2% | 18,183↓9.6% | 20,109↓2.5% | 20,631 | |
| Income Tax Expense | 5,282↑45.8% | 3,622↑1.4% | 3,571↓17.0% | 4,302↓6.1% | 4,581 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 20,369↑25.4% | 16,240↑11.1% | 14,612↓7.6% | 15,807↓1.5% | 16,050 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 20,362↑25.5% | 16,230↑11.1% | 14,605↓7.5% | 15,794↓1.5% | 16,038 | |
| Bottom-Line Net Income | 19,868↑24.9% | 15,908↑10.7% | 14,369↓7.6% | 15,547↓1.5% | 15,781 | |
| EPS (Basic) | 14.12↑25.3% | 11.27↑9.1% | 10.33↓6.8% | 11.08↑0.0% | 11.08 | |
| EPS (Diluted) | 14.09↑25.5% | 11.23↑8.8% | 10.32↓6.7% | 11.06↑0.0% | 11.06 | |
| Weighted Average Shares | 1,407↓0.3% | 1,412↑1.5% | 1,391↓0.9% | 1,404↓1.5% | 1,424 | |
| Weighted Average Diluted Shares | 1,410↓0.3% | 1,414↑1.5% | 1,393↓1.0% | 1,406↓1.5% | 1,427 | |
* All figures in Millions of CAD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.