Financials in USD. 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 | $134.49B | $113.45B | $66.83B | $57.68B | $61.15B | $67.35B | $57.58B | $49.89B | $45.98B |
| Revenue Growth? | +2.1% | +18.5% | +69.8% | +15.9% | -5.7% | -9.2% | +17.0% | +15.4% | +8.5% | 0.0% |
| Cost of Revenue? | $75.19B | $80.23B | $64.33B | $18.54B | $7.39B | $18.40B | $23.45B | $16.38B | $10.91B | $9.47B |
| Gross Profit? | $62.17B | $54.26B | $49.12B | $48.29B | $50.29B | $42.75B | $43.90B | $41.21B | $38.97B | $36.52B |
| Gross Margin? | +45.3% | +40.3% | +43.3% | +72.3% | +87.2% | +69.9% | +65.2% | +71.6% | +78.1% | +79.4% |
| Operating Expenses? | $36.52B | $34.40B | $30.94B | $28.18B | $29.66B | $28.36B | $27.99B | $25.45B | $24.30B | $23.22B |
| Operating Income? | $25.65B | $19.86B | $18.18B | $20.11B | $20.63B | $14.39B | $15.91B | $15.76B | $14.67B | $13.30B |
| EBITDA? | $28.73B | $22.84B | $21.04B | $22.76B | $23.22B | $17.04B | $17.85B | $17.41B | $16.29B | $14.85B |
| 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? | $14.12 | $11.27 | $10.33 | $11.08 | $11.08 | $7.84 | $8.78 | $8.39 | $7.59 | $6.80 |
| Diluted EPS? | $14.09 | $11.23 | $10.32 | $11.06 | $11.06 | $7.82 | $8.75 | $8.36 | $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