Royal Bank of Canada (RY)

Royal Bank of Canada Income Statement

Financials in millions CAD. Fiscal year is November - October.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jul 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Interest Income on Loans	56,252	54,040	43,463	26,565	21,654	23,420
Interest Income on Investments	47,781	50,911	43,528	14,206	6,491	11,463
Total Interest Income	104,033	104,951	86,991	40,771	28,145	34,883
Interest Paid on Deposits	45,790	47,256	36,679	10,751	5,448	8,783
Interest Paid on Borrowings	26,217	29,742	25,183	7,303	2,695	5,265
Total Interest Expense	72,007	76,998	61,862	18,054	8,143	14,048
Net Interest Income	32,026	27,953	25,129	22,717	20,002	20,835
Net Interest Income Growth (YoY)	19.39%	11.24%	10.62%	13.57%	-4.00%	5.50%
Trust Income	10,354	9,325	8,344	7,610	7,132	6,101
Income From Trading Activities	2,904	2,327	2,392	926	1,183	1,239
Gain (Loss) on Sale of Investments	131	170	193	43	145	90
Gain (Loss) on Sale of Equity Investments	71	-16	-219	110	130	77
Other Non-Interest Income	18,984	17,585	15,625	17,579	21,101	18,839
Total Non-Interest Income	32,444	29,391	26,335	26,268	29,691	26,346
Non-Interest Income Growth (YoY)	15.33%	11.60%	0.26%	-11.53%	12.70%	0.35%
Revenues Before Loan Losses	64,470	57,344	51,464	48,985	49,693	47,181
Provision for Loan Losses	4,195	3,232	2,468	484	-753	4,351
Revenue	60,275	54,112	48,996	48,501	50,446	42,830
Revenue Growth (YoY)	16.26%	10.44%	1.02%	-3.86%	17.78%	-2.96%
Salaries and Employee Benefits	19,857	18,133	18,106	16,067	14,418	14,682
Amortization of Goodwill & Intangibles	1,726	1,549	1,471	1,369	1,287	1,273
Selling, General & Administrative	11,059	11,186	8,179	6,707	7,973	6,456
Other Non-Interest Expense	3,595	3,382	3,057	4,249	6,137	6,030
Total Non-Interest Expense	36,237	34,250	30,813	28,392	29,815	28,441
EBT Excluding Unusual Items	24,038	19,862	18,183	20,109	20,631	14,389
Pretax Income	24,038	19,862	18,183	20,109	20,631	14,389
Income Tax Expense	4,881	3,622	3,571	4,302	4,581	2,952
Earnings From Continuing Operations	19,157	16,240	14,612	15,807	16,050	11,437
Minority Interest in Earnings	-8	-10	-7	-13	-12	-5
Net Income	19,149	16,230	14,605	15,794	16,038	11,432
Preferred Dividends & Other Adjustments	446	322	236	247	257	268
Net Income to Common	18,703	15,908	14,369	15,547	15,781	11,164
Net Income Growth	20.07%	11.13%	-7.53%	-1.52%	40.29%	-11.10%
Basic Shares Outstanding	1,412	1,412	1,391	1,404	1,424	1,424
Diluted Shares Outstanding	1,414	1,414	1,393	1,406	1,427	1,429
Shares Change (YoY)	0.33%	1.52%	-0.96%	-1.45%	-0.14%	-0.83%
EPS (Basic)	13.25	11.27	10.33	11.08	11.08	7.84
EPS (Diluted)	13.22	11.25	10.32	11.06	11.06	7.82
EPS Growth	18.99%	9.01%	-6.69%	-	41.38%	-10.60%
Dividend Per Share	5.920	5.600	5.340	4.960	4.320	4.290
Dividend Growth	7.05%	4.87%	7.66%	14.82%	0.70%	5.41%
Effective Tax Rate	20.30%	18.24%	19.64%	21.39%	22.20%	20.52%

Updated Aug 27, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q