Royal Bank of Canada (RY) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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RY Revenue Growth
Revenue Breakdown
RY's revenue distribution by segment and geography
By Geography
RY Revenue Analysis (2014–2025)
As of May 8, 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 TD, BMO, and BNS. Compare RY vs TD →
RY Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| RYCurrent | $137.4B | +2.8% | +17.6% | 18.7% | |
 TD | $115.8B | - | - | 20.7% | |
 BMO | $78.1B | - | - | 14.8% | |
 BNS | $73.2B | - | - | 14.4% | |
 CM | $62.0B | - | - | 17.6% | |
 JPM | $270.8B | - | - | 27.7% |
RY Historical Revenue Data (2014–2025)
| 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 ComparisonRY — Frequently Asked Questions
Quick answers to the most common questions about buying RY stock.
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.