Royal Bank of Canada (RY)

Royal Bank of Canada Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	56,129	48,985	49,693	47,181	46,002
Revenue Growth (YoY)	14.58%	-1.42%	5.32%	2.56%	8.05%
Cost of Revenue	4,022	1,783	3,891	3,683	4,085
Gross Profit	52,107	47,202	45,802	43,498	41,917
Selling, General & Admin	26,480	22,774	22,391	21,138	20,407
Other Operating Expenses	4,693	3,835	3,533	3,620	3,732
Operating Expenses	31,173	26,609	25,924	24,758	24,139
Operating Income	20,934	20,593	19,878	18,740	17,778
Other Expense / Income	2,475	497	-741	4,356	1,875
Pretax Income	18,459	20,096	20,619	14,384	15,903
Income Tax	3,600	4,302	4,581	2,952	3,043
Net Income	14,859	15,794	16,038	11,432	12,860
Net Income Growth	-5.92%	-1.52%	40.29%	-11.10%	3.71%
Shares Outstanding (Basic)	1,395	1,391	1,424	1,431	1,439
Shares Change	0.31%	-2.38%	-0.43%	-0.60%	-0.93%
EPS (Basic)	10.51	11.08	11.08	7.84	8.78
EPS (Diluted)	10.50	11.06	11.06	7.82	8.75
EPS Growth	-5.06%	0%	41.43%	-10.63%	4.67%
Free Cash Flow	23,349	19,442	58,858	136,190	12,004
Free Cash Flow Per Share	16.74	13.98	41.32	95.19	8.34
Dividend Per Share	3.962	4.132	3.444	4.590	3.079
Dividend Growth	-4.11%	19.98%	-24.97%	49.07%	5.12%
Gross Margin	92.83%	96.36%	92.17%	92.19%	91.12%
Operating Margin	37.30%	42.04%	40.00%	39.72%	38.65%
Profit Margin	26.47%	32.24%	32.27%	24.23%	27.96%
Free Cash Flow Margin	41.60%	39.69%	118.44%	288.65%	26.09%
Effective Tax Rate	19.50%	21.41%	22.22%	20.52%	19.13%
EBITDA	19,734	21,361	21,895	15,717	16,530
EBITDA Margin	35.16%	43.61%	44.06%	33.31%	35.93%
Depreciation & Amortization	1,275	1,265	1,276	1,333	627
EBIT	18,459	20,096	20,619	14,384	15,903
EBIT Margin	32.89%	41.02%	41.49%	30.49%	34.57%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).