Royal Bank of Canada (RY) financial statements
Royal Bank of Canada reported revenue of 66.6B CAD in fiscal 2025, up 6.4% a year over 8 years.
Net income was 20.4B CAD.
The diluted share count fell 4% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions (CAD).
Income statement
Fiscal years, in CAD, from Royal Bank of Canada's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 40.7B CAD | 42.6B CAD | 46.0B CAD | 47.2B CAD | 49.7B CAD | 49.0B CAD | 51.5B CAD | 57.3B CAD | 66.6B CAD |
| Interest expense | 9.8B CAD | 15.1B CAD | 21.6B CAD | 14.0B CAD | 8.1B CAD | 18.1B CAD | 61.9B CAD | 77.0B CAD | 70.8B CAD |
| Pre-tax income | 14.7B CAD | 15.8B CAD | 15.9B CAD | 14.4B CAD | 20.6B CAD | 20.1B CAD | 18.2B CAD | 19.9B CAD | 25.7B CAD |
| Income tax | 3.2B CAD | 3.3B CAD | 3.0B CAD | 3.0B CAD | 4.6B CAD | 4.3B CAD | 3.6B CAD | 3.6B CAD | 5.3B CAD |
| Net income | 11.4B CAD | 12.4B CAD | 12.9B CAD | 11.4B CAD | 16.0B CAD | 15.8B CAD | 14.6B CAD | 16.2B CAD | 20.4B CAD |
| EPS (diluted) | 7.56 CAD | 8.36 CAD | 8.75 CAD | 7.82 CAD | 11.06 CAD | 11.06 CAD | 10.32 CAD | 11.25 CAD | 14.07 CAD |
| Diluted shares | 1.47B | 1.45B | 1.44B | 1.43B | 1.43B | 1.41B | 1.39B | 1.41B | 1.41B |
| Net margin | 28.1% | 29.1% | 28.0% | 24.2% | 32.3% | 32.2% | 28.4% | 28.3% | 30.6% |
Balance sheet
Fiscal years, in CAD, from Royal Bank of Canada's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | 28.4B CAD | 30.2B CAD | 26.3B CAD | 118.9B CAD | 113.8B CAD | 72.4B CAD | 62.0B CAD | 56.7B CAD | 37.0B CAD |
| Property, plant and equipment | 2.7B CAD | 2.8B CAD | 3.2B CAD | 7.9B CAD | 7.4B CAD | 7.2B CAD | 6.7B CAD | 6.9B CAD | 6.8B CAD |
| Goodwill | 11.0B CAD | 11.1B CAD | 11.2B CAD | 11.3B CAD | 10.9B CAD | 12.3B CAD | 12.6B CAD | 19.3B CAD | 19.4B CAD |
| Total assets | 1.21T CAD | 1.33T CAD | 1.43T CAD | 1.62T CAD | 1.71T CAD | 1.92T CAD | 2.01T CAD | 2.17T CAD | 2.33T CAD |
| Total liabilities | 1.14T CAD | 1.25T CAD | 1.35T CAD | 1.54T CAD | 1.61T CAD | 1.81T CAD | 1.89T CAD | 2.04T CAD | 2.19T CAD |
| Shareholders' equity | 73.8B CAD | 79.9B CAD | 83.5B CAD | 86.7B CAD | 98.7B CAD | 108.1B CAD | 115.0B CAD | 127.1B CAD | 139.1B CAD |
| Net debt | -28.4B CAD | -30.2B CAD | -26.3B CAD | -118.9B CAD | -113.8B CAD | -62.8B CAD | -57.5B CAD | -56.7B CAD | -34.2B CAD |
Cash flow
Fiscal years, in CAD, from Royal Bank of Canada's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 37.7B CAD | 17.5B CAD | 14.3B CAD | 138.8B CAD | 61.0B CAD | 21.9B CAD | 26.1B CAD | 23.1B CAD | 55.2B CAD |
| Dividends paid | 5.3B CAD | 5.6B CAD | 6.0B CAD | 6.3B CAD | 6.4B CAD | 7.0B CAD | — | — | — |
| Share buybacks (net) | -4.5B CAD | -5.7B CAD | -5.6B CAD | -4.9B CAD | -4.7B CAD | -5.7B CAD | — | — | — |
| Dividends per share | 3.60 CAD | 3.89 CAD | 4.18 CAD | 4.43 CAD | 4.50 CAD | 4.95 CAD | — | — | — |
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What was Royal Bank of Canada's revenue in 2025?
66.6B CAD in fiscal 2025, from its 10-K filing.
From Royal Bank of Canada's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.