Royal Bank of Canada revenue and financials
Secondary listing. The primary listing is Royal Bank of Canada · TSX (CAD)
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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%.
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.
| 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 | — | — | — | — | — |