Royal Bank of Canada (RY) Earnings History
Annual and quarterly earnings data from 1993 to 2025
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RY EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
RY Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 45.3% | 18.7% | 14.8% |
| 2024 | 40.3% | 14.8% | 12.1% |
| 2023 | 43.3% | 16.0% | 12.9% |
| 2022 | 72.3% | 30.1% | 23.6% |
| 2021 | 87.2% | 35.8% | 27.8% |
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Royal Bank of Canada (RY) Earnings Overview
As of May 7, 2026, Royal Bank of Canada (RY) reported trailing twelve-month net income of $20.36B, reflecting +25.5% year-over-year growth. The company earned $14.44 per diluted share over the past four quarters, with a net profit margin of 14.8%.
Looking at the long-term picture, RY's 5-year EPS compound annual growth rate (CAGR) stands at +12.5%, showing solid earnings momentum. The company achieved its highest annual net income of $20.36B in fiscal 2025, representing a new all-time high.
Royal Bank of Canada maintains positive profitability with a gross margin of 45.3%, operating margin of 18.7%, and net margin of 14.8%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including TD ($20.54B net income, 17.7% margin), BMO ($9.06B net income, 11.1% margin), BNS ($7.79B net income, 10.6% margin), RY has room to improve margins relative to the peer group. Compare RY vs TD →
RY Earnings vs Peers
Earnings metrics vs comparable public companies
RY Historical Earnings Data (1993–2025)
33 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $20.36B | +25.5% | $25.65B | $14.09 | 14.8% | 18.7% |
| 2024 | $16.23B | +11.1% | $19.86B | $11.23 | 12.1% | 14.8% |
| 2023 | $14.61B | -7.5% | $18.18B | $10.32 | 12.9% | 16.0% |
| 2022 | $15.79B | -1.5% | $20.11B | $11.06 | 23.6% | 30.1% |
| 2021 | $16.04B | +40.3% | $20.63B | $11.06 | 27.8% | 35.8% |
| 2020 | $11.43B | -11.1% | $14.39B | $7.82 | 18.7% | 23.5% |
| 2019 | $12.86B | +3.7% | $15.91B | $8.75 | 19.1% | 23.6% |
| 2018 | $12.40B | +8.5% | $15.76B | $8.36 | 21.5% | 27.4% |
| 2017 | $11.43B | +9.8% | $14.67B | $7.56 | 22.9% | 29.4% |
| 2016 | $10.40B | +4.8% | $13.30B | $6.78 | 22.6% | 28.9% |
Full RY Stock Analysis
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Start ComparisonRY — Frequently Asked Questions
Quick answers to the most common questions about buying RY stock.
Is RY growing earnings?
RY EPS is $14.44, with earnings growth accelerating to +25.5%. This exceeds the 5-year CAGR of +12.5%. TTM net income reached $20.4B.
What are RY's profit margins?
Royal Bank of Canada net margin is +14.8%, with operating margin at +18.7%. Margins sit within typical range for the sector.
How consistent are RY's earnings?
RY earnings data spans 1993-2025. The accelerating earnings trend is +25.5% YoY. Historical data enables comparison across business cycles.