Royal Bank of Canada revenue and financials

RY · TSX · CAD

$279.19+0.58%+$1.60

Close · October 6, 2026

In the fiscal year ended October 2025, Royal Bank of Canada reported revenue of $62.24B (+15.03% year over year). Net income was $20.36B, a net margin of 32.7%.

Annual revenue · 2025: $62.24B

$40.67B2017
$42.58B2018
$46B2019
$47.18B2020
$50.45B2021
$48.5B2022
$49B2023
$54.11B2024
$62.24B2025

Fiscal year ending in October. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +15.03%; FY to Oct 2025 vs FY to Oct 2024
Net income growth: +25.46%; FY to Oct 2025 vs FY to Oct 2024
Net margin: 32.7%; FY to Oct 2024: 30.0%

Financial data

Amounts in millions of CAD; per-share values in CAD; shares in millions.

Cash flow · Annual
Item	FY to Oct 2025	FY to Oct 2024	FY to Oct 2023	FY to Oct 2022	FY to Oct 2021	FY to Oct 2020	FY to Oct 2019	FY to Oct 2018	FY to Oct 2017	FY to Oct 2016
Operating cash flow	-50,865	-68,457	-17,911	-86,591	-27,832	11,993	-35,543	-31,025	4,429	7,925
Depreciation and amortization	3,079	2,981	2,854	2,652	2,563	2,606	1,824	1,646	1,615	—
Capital expenditure	-2,243	-2,280	-2,730	-2,500	-2,186	—	—	—	—	—
Investing cash flow	-68,569	-20,887	-28,265	-57,054	-57,348	-39,557	-11,126	-8,018	-15,458	-21,426
Financing cash flow	99,374	83,450	34,157	106,348	82,948	119,080	42,351	40,779	24,645	15,797
Dividends paid	-8,800	-6,637	-5,549	-6,960	-6,420	-6,333	-6,025	-5,640	-5,309	-4,997
Share repurchases	-15,845	-7,688	-4,075	-11,282	—	—	—	—	—	—
Debt issued	5,795	3,250	1,500	10,609	2,750	—	—	—	—	—
Debt repaid	-3,538	-6,643	-5,927	-821	-3,135	—	—	—	—	—
Effect of exchange rates	361	628	1,611	-4,152	-2,810	1,062	419	66.0	-138	181
Net change in cash	-19,699	-5,266	-10,408	-41,449	-5,042	92,578	-3,899	1,802	13,478	2,477
Free cash flow	-53,108	-70,737	-20,641	-89,091	-30,018	—	—	—	—	—