Royal Bank of Canada (RY) Earnings History
Growth Compounder33 years of earnings data (1993–2025) · Consistent double-digit EPS growth over 5 years
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Royal Bank of Canada (RY) Earnings Overview
As of June 24, 2026, Royal Bank of Canada (RY) reported trailing twelve-month net income of $22.14B, reflecting +25.5% year-over-year growth. The company earned $21.55 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 ($14.91B net income, 17.7% margin), BMO ($9.73B net income, 11.1% margin), BNS ($9.55B 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% |
| 2015 | $9.93B | +11.4% | $12.62B | $6.73 | 23.1% | 29.3% |
| 2014 | $8.91B | +8.1% | $11.71B | $6.00 | 21.3% | 28.0% |
| 2013 | $8.24B | +11.3% | $10.45B | $5.49 | 21.5% | 27.2% |
| 2012 | $7.41B | +16.8% | $9.59B | $4.91 | 19.9% | 25.7% |
| 2011 | $6.34B | +21.4% | $8.98B | $4.19 | 17.1% | 24.2% |
| 2010 | $5.22B | +35.4% | $7.83B | $3.46 | 15.6% | 23.4% |
| 2009 | $3.86B | -15.3% | $7.80B | $2.57 | 11.0% | 22.3% |
| 2008 | $4.56B | -17.1% | $5.92B | $3.38 | 12.1% | 15.8% |
| 2007 | $5.49B | +16.2% | $7.03B | $4.19 | 13.4% | 17.1% |
| 2006 | $4.73B | +39.6% | $6.20B | $3.59 | 13.1% | 17.2% |
| 2005 | $3.39B | +20.8% | $4.70B | $2.57 | 11.5% | 16.0% |
| 2004 | $2.80B | -5.6% | $4.32B | $2.11 | 11.1% | 17.1% |
| 2003 | $2.97B | +7.5% | $4.39B | $2.19 | 12.1% | 17.9% |
| 2002 | $2.76B | +14.6% | $4.13B | $2.06 | 11.2% | 16.7% |
| 2001 | $2.41B | +6.0% | $3.75B | $1.78 | 9.0% | 14.0% |
| 2000 | $2.27B | +31.8% | $3.72B | $1.70 | 10.0% | 16.3% |
| 1999 | $1.73B | -2.6% | $2.70B | $1.24 | 8.8% | 13.7% |
| 1998 | $1.77B | +7.1% | $2.90B | $1.30 | 9.2% | 15.0% |
| 1997 | $1.65B | +15.7% | $2.76B | $1.21 | 9.5% | 15.9% |
| 1996 | $1.43B | +13.3% | $2.31B | $1.03 | 8.7% | 14.0% |
| 1995 | $1.26B | +8.0% | $2.02B | $0.88 | 8.0% | 12.8% |
| 1994 | $1.17B | +289.7% | $1.82B | $0.80 | 8.4% | 13.2% |
| 1993 | $300M | - | $295M | $0.12 | 2.6% | 2.5% |
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RY — Frequently Asked Questions
Quick answers to the most common questions about buying RY stock.
What is RY earnings per share (EPS)?
RY trailing twelve-month (TTM) diluted EPS is $21.55, reflecting +25.5% year-over-year growth. The 5-year EPS CAGR is +12.5%. Complete EPS history from 1993 to 2025 is available in the table on this page.
What is Royal Bank of Canada's net income?
Royal Bank of Canada (RY) trailing twelve-month net income is $22.1B as of 2025. Earnings grew +25.5% year-over-year. Royal Bank of Canada has been profitable for 33 consecutive years.
Is RY profitable?
Yes, RY is profitable with a TTM net income of $22.1B and a net profit margin of +14.8%. Royal Bank of Canada has generated profits for 33 consecutive years.
What is RY's earnings growth rate?
RY compound annual EPS growth rates (CAGR): 1-Year: +25.5%, 3-Year: +8.4%, 5-Year: +12.5%, 10-Year: +7.7%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1993 to 2025.
What are RY's profit margins?
Royal Bank of Canada net profit margin is +14.8%, operating margin is +18.7%, and gross margin is +45.3%. Margins are within a typical range for the sector. Return on Equity is +15.3%.
Is RY growing earnings?
Yes, RY earnings are accelerating — EPS growth of +25.5% exceeds the 5-year CAGR of +12.5%. TTM net income reached $22.1B. Earnings momentum is strengthening.
What was RY's best earnings year?
Royal Bank of Canada's highest annual net income on record is $20.4B, achieved in fiscal year 2025. Earnings history on this page spans 1993 to 2025 and includes all annual and quarterly figures.
What were RY's earnings last quarter?
RY's most recent reported quarter was Q2 2026. Net income was $5.5B with diluted EPS of $3.85. For a full breakdown of all quarters, see the quarterly earnings table on this page.