Financials in CAD. Standardized financial statements.
A compact view of how Royal Bank of Canada turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $137.36B | $54.11B | $49.00B | $48.50B | $50.45B | $42.83B | $44.14B | $41.27B | $39.52B | $37.25B |
| Revenue Growth? | +153.8% | +10.4% | +1.0% | -3.9% | +17.8% | -3.0% | +7.0% | +4.4% | +6.1% | 0.0% |
| Cost of Revenue? | $75.19B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit? | $62.17B | $54.11B | $49.00B | $48.50B | $50.45B | $42.83B | $44.14B | $41.27B | $39.52B | $37.25B |
| Gross Margin? | +45.3% | +100.0% | +100.0% | +100.0% | +100.0% | +100.0% | +100.0% | +100.0% | +100.0% | +100.0% |
| Operating Expenses? | $36.52B | $29.32B | $26.29B | $22.77B | $22.39B | $21.14B | $20.41B | $19.36B | $18.58B | $17.41B |
| Operating Income? | $25.65B | $24.79B | $22.71B | $25.73B | $28.05B | $21.69B | $23.73B | $21.91B | $20.94B | $19.84B |
| EBITDA? | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax | $25.65B | $19.86B | $18.18B | $20.11B | $20.63B | $14.39B | $15.91B | $15.76B | $14.67B | $13.30B |
| Income Tax Expense | $5.28B | $3.62B | $3.57B | $4.30B | $4.58B | $2.95B | $3.04B | $3.33B | $3.20B | $2.84B |
| Net Income? | $20.36B | $16.23B | $14.61B | $15.79B | $16.04B | $11.43B | $12.86B | $12.40B | $11.43B | $10.40B |
| EPS? | $14.10 | $11.25 | $10.51 | $11.08 | $11.08 | $7.84 | $8.78 | $8.59 | $7.59 | $6.80 |
| Diluted EPS? | $14.07 | $11.23 | $10.50 | $11.06 | $11.06 | $7.82 | $8.75 | $8.55 | $7.56 | $6.78 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality