Royal Bank of Canada (RY) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown
RY's revenue distribution by segment and geography
By Geography
RY Revenue Analysis (2014–2025)
As of February 28, 2026, Royal Bank of Canada (RY) generated trailing twelve-month (TTM) revenue of $137.36 billion, reflecting modest growth of +2.8% year-over-year. The most recent quarter (Q4 2025) recorded $34.84 billion in revenue, up 0.4% sequentially.
Looking at the longer-term picture, RY's 5-year compound annual growth rate (CAGR) stands at +17.6%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $137.36 billion in 2025, representing a new all-time high.
When compared to Financial Services sector peers including JPM, BAC, and WFC. Compare RY vs JPM →
Peer Comparison
Compare RY's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| RYCurrent | $137.4B | +2.8% | +17.6% | 18.7% | |
| JPM | $270.8B | - | - | 27.7% | |
| BAC | $188.8B | - | - | 18.5% | |
| WFC | $125.4B | - | - | 18.6% | |
| C | $170.7B | - | - | 10.0% | |
| TD | $115.8B | - | - | 20.7% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $137.36B | - | $62.17B | 45.3% | $25.65B | 18.7% |
| 2024 | $134.49B | - | $54.26B | 40.3% | $19.86B | 14.8% |
| 2023 | $113.45B | - | $49.12B | 43.3% | $18.18B | 16.0% |
| 2022 | $66.83B | - | $48.29B | 72.3% | $20.11B | 30.1% |
| 2021 | $57.68B | - | $50.29B | 87.2% | $20.63B | 35.8% |
| 2020 | $61.15B | - | $42.75B | 69.9% | $14.39B | 23.5% |
| 2019 | $67.35B | - | $43.90B | 65.2% | $15.91B | 23.6% |
| 2018 | $57.58B | - | $41.21B | 71.6% | $15.76B | 27.4% |
| 2017 | $49.89B | - | $38.97B | 78.1% | $14.67B | 29.4% |
| 2016 | $45.98B | - | $36.52B | 79.4% | $13.30B | 28.9% |
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Start ComparisonFrequently Asked Questions
Is RY's revenue growth accelerating or slowing?
RY revenue growth slowed to +2.8%, below the 5-year CAGR of +17.6%. TTM revenue is $137.4B. The deceleration marks a shift from historical growth rates.
What is RY's long-term revenue growth rate?
Royal Bank of Canada's 5-year revenue CAGR of +17.6% reflects the variable expansion pattern. Current YoY growth of +2.8% is near this long-term average.
How is RY's revenue distributed by segment?
RY reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.