ROYAL BANK OF CANADA (RY) financial statements: income statement, balance sheet and cash flow

ROYAL BANK OF CANADA's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Oct 31, 2025 · FY), ROYAL BANK OF CANADA reported revenue of $66.6B (+16.1% year on year) and net income of $20.4B (+25.4% year on year).

Income statement

ROYAL BANK OF CANADA income statement, fiscal years

Line item	Oct 31, 2025 · FY	Oct 31, 2024 · FY	Oct 31, 2023 · FY	Oct 31, 2022 · FY
Loans	$56.0B	$54.0B	$43.5B	$26.6B
Securities	$20.1B	$17.7B	$14.5B	$7.1B
Assets purchased under reverse repurchase agreements and securities borrowed	$22.4B	$27.1B	$22.2B	$5.4B
Deposits and other	$5.4B	$6.1B	$6.9B	$1.7B
Interest and dividend income	$103.8B	$105.0B	$87.0B	$40.8B
Deposits and other	$44.8B	$47.3B	$36.7B	$10.8B
Other liabilities	$25.4B	$29.0B	$24.5B	$7.0B
Subordinated debentures	$637.0M	$775.0M	$666.0M	$288.0M
Interest expense	$70.8B	$77.0B	$61.9B	$18.1B
Net interest income	$33.0B	$28.0B	$25.1B	$22.7B
Insurance service result (Note 15)	$867.0M	$777.0M	—	—
Insurance investment result (Note 15)	$284.0M	$294.0M	—	—
Trading revenue	$3.1B	$2.3B	$2.4B	$926.0M
Investment management and custodial fees	$10.6B	$9.3B	$8.3B	$7.6B
Mutual fund revenue	$5.1B	$4.4B	$4.1B	$4.3B
Securities brokerage commissions	$1.9B	$1.7B	$1.5B	$1.5B
Service charges	$2.4B	$2.3B	$2.1B	$2.0B
Underwriting and other advisory fees	$2.9B	$2.7B	$2.0B	$2.1B
Foreign exchange revenue, other than trading	$1.3B	$1.1B	$1.3B	$1.0B
Card service revenue	$1.3B	$1.3B	$1.2B	$1.2B
Credit fees	$1.7B	$1.6B	$1.5B	$1.5B
Net gains on investment securities	$120.0M	$170.0M	$193.0M	$43.0M
Income (loss) from joint ventures and associates (Note 12)	$73.0M	($16.0M)	($219.0M)	$110.0M
Other	$1.9B	$1.4B	$964.0M	$512.0M
Non-interest income	$33.6B	$29.4B	$31.0B	$26.3B
Total revenue	$66.6B	$57.3B	$56.1B	$49.0B
Provision for credit losses (Notes 4 and 5)	$4.4B	$3.2B	$2.5B	$484.0M
Human resources (Notes 16 and 20)	$23.1B	$21.1B	$19.0B	$16.5B
Equipment	$2.8B	$2.5B	$2.4B	$2.1B
Occupancy	$1.7B	$1.8B	$1.6B	$1.6B
Communications	$1.5B	$1.4B	$1.3B	$1.1B
Professional fees	$2.2B	$2.5B	$2.2B	$1.5B
Amortization of other intangibles (Note 11)	$1.8B	$1.5B	$1.5B	$1.4B
Other	$3.6B	$3.4B	$3.2B	$2.5B
Non-interest expense	$36.6B	$34.3B	$31.2B	$26.6B
Income before income taxes	$25.7B	$19.9B	$18.5B	$20.1B
Income taxes (Note 21)	$5.3B	$3.6B	$3.6B	$4.3B
Shareholders	$20.4B	$16.2B	$14.9B	$15.8B
Non-controlling interests	$7.0M	$10.0M	$7.0M	$13.0M
Net income	$20.4B	$16.2B	$14.9B	$15.8B
Basic earnings per share (in dollars) (Note 22)	$14.10	$11.27	$10.51	$11.08
Diluted earnings per share (in dollars) (Note 22)	$14.07	$11.25	$10.50	$11.06
Dividends per common share (in dollars)	$6.04	$5.60	$5.34	$4.96

ROYAL BANK OF CANADA income statement, quarters

Line item	Jul 31, 2026 · YTD	Apr 30, 2026 · YTD	Jan 31, 2026 · Q1	Jul 31, 2025 · YTD
Loans	$41.7B	$27.5B	$13.9B	$41.8B
Securities	$16.4B	$10.6B	$5.4B	$14.7B
Assets purchased under reverse repurchase agreements and securities borrowed	$16.6B	$11.0B	$5.8B	$16.8B
Deposits and other	$3.0B	$1.9B	$987.0M	$4.2B
Interest and dividend income	$77.7B	$51.1B	$26.1B	$77.5B
Deposits and other	$31.8B	$20.8B	$10.6B	$33.8B
Other liabilities	$19.7B	$13.0B	$6.8B	$18.9B
Subordinated debentures	$393.0M	$262.0M	$149.0M	$476.0M
Interest expense	$51.9B	$34.0B	$17.5B	$53.2B
Net interest income	$25.8B	$17.1B	$8.6B	$24.4B
Insurance service result (Note 7)	$684.0M	$457.0M	$240.0M	$789.0M
Insurance investment result (Note 7)	$211.0M	$151.0M	$59.0M	$208.0M
Trading revenue	$2.8B	$1.8B	$1.2B	$2.5B
Investment management and custodial fees	$9.0B	$5.8B	$2.9B	$7.9B
Mutual fund revenue	$4.3B	$2.8B	$1.4B	$3.7B
Securities brokerage commissions	$1.6B	$1.1B	$508.0M	$1.4B
Service charges	$1.7B	$1.2B	$593.0M	$1.8B
Underwriting and other advisory fees	$2.6B	$1.6B	$742.0M	$2.1B
Foreign exchange revenue, other than trading	$1.1B	$725.0M	$380.0M	$967.0M
Card service revenue	$972.0M	$640.0M	$335.0M	$984.0M
Credit fees	$1.3B	$873.0M	$423.0M	$1.2B
Net gains on investment securities	$207.0M	$178.0M	$76.0M	$118.0M
Income (loss) from joint ventures and associates	$88.0M	$61.0M	$37.0M	$60.0M
Other	$1.5B	$949.0M	$464.0M	$1.3B
Non-interest income	$28.1B	$18.3B	$9.4B	$25.0B
Total revenue	$54.0B	$35.4B	$18.0B	$49.4B
Provision for credit losses (Notes 4 and 5)	$3.0B	$2.0B	$1.1B	$3.4B
Human resources (Note 8)	$18.6B	$12.3B	$6.3B	$17.3B
Equipment	$2.2B	$1.5B	$728.0M	$2.1B
Occupancy	$1.3B	$867.0M	$420.0M	$1.3B
Communications	$1.1B	$746.0M	$355.0M	$1.1B
Professional fees	$1.6B	$984.0M	$471.0M	$1.6B
Amortization of other intangibles	$1.2B	$773.0M	$386.0M	$1.3B
Other	$2.7B	$1.8B	$814.0M	$2.6B
Non-interest expense	$28.7B	$18.9B	$9.5B	$27.2B
Income before income taxes	$22.3B	$14.5B	$7.4B	$18.8B
Income taxes (Note 9)	$4.9B	$3.2B	$1.6B	$3.9B
Shareholders	$17.3B	$11.3B	$5.8B	$14.9B
Non-controlling interests	$5.0M	$3.0M	$1.0M	$5.0M
Net income	$17.3B	$11.3B	$5.8B	$14.9B
Basic earnings per share (in dollars) (Note 11)	$12.13	$7.89	$4.03	$10.33
Diluted earnings per share (in dollars) (Note 11)	$12.10	$7.87	$4.03	$10.31
Dividends per common share (in dollars)	$5.04	$3.28	$1.64	$4.50

Balance sheet

ROYAL BANK OF CANADA balance sheet, fiscal years

Line item	Oct 31, 2025 · FY	Oct 31, 2024 · FY	Oct 31, 2023 · FY	Oct 31, 2022 · FY
Cash and due from banks	$37.0B	$56.7B	$62.0B	$72.4B
Interest-bearing deposits with banks	$50.4B	$66.0B	$71.1B	$108.0B
Trading	$219.1B	$183.3B	$190.2B	$148.2B
Investment, net of applicable allowance	$342.7B	$256.6B	$219.6B	$170.0B
Securities	$561.8B	$439.9B	$409.7B	$318.2B
Assets purchased under reverse repurchase agreements and securities borrowed	$309.7B	$350.8B	$340.2B	$317.8B
Retail	$652.3B	$627.0B	$570.0B	$549.8B
Wholesale	$397.2B	$360.4B	$287.8B	$274.0B
Loans	$1.0T	$987.4B	$857.8B	$823.7B
Allowance for loan losses (Note 5)	($7.1B)	($6.0B)	($5.0B)	($3.8B)
Loans, net	$1.0T	$981.4B	$852.8B	$820.0B
Derivatives (Note 9)	$177.2B	$150.6B	$142.4B	$154.4B
Premises and equipment (Note 10)	$6.8B	$6.9B	$6.7B	$7.2B
Goodwill (Note 11)	$19.4B	$19.3B	$12.6B	$12.3B
Other intangibles (Note 11)	$7.4B	$7.8B	$5.9B	$6.1B
Other assets (Note 13)	$112.9B	$92.2B	$77.1B	$80.3B
Total other assets	$323.7B	$276.7B	$266.5B	$278.1B
Total assets	$2.3T	$2.2T	$2.0T	$1.9T
Personal	$529.7B	$522.1B	$441.9B	$404.9B
Business and government	$946.3B	$839.7B	$745.1B	$759.9B
Bank	$39.6B	$47.7B	$44.7B	$44.0B
Total deposits	$1.5T	$1.4T	$1.2T	$1.2T
Obligations related to securities sold short	$49.9B	$35.3B	$33.7B	$35.5B
Obligations related to assets sold under repurchase agreements and securities loaned	$289.5B	$305.3B	$335.2B	$273.9B
Derivatives (Note 9)	$184.0B	$163.8B	$142.6B	$153.5B
Insurance contract liabilities (Note 15)	$24.3B	$22.2B	—	—
Other liabilities (Note 17)	$108.6B	$94.7B	$96.2B	$95.2B
Total other liabilities	$656.3B	$621.3B	$641.4B	$587.6B
Subordinated debentures (Note 18)	$14.0B	$13.5B	$11.4B	$10.0B
Total liabilities	$2.2T	$2.0T	$1.9T	$1.8T
Issued capital (Note 19)	$32.4B	$30.0B	$26.5B	$24.3B
Retained earnings	$96.9B	$88.6B	$84.3B	$78.0B
Other components of equity	$9.7B	$8.5B	$6.9B	$5.7B
Total equity attributable to shareholders	$139.1B	$127.1B	$117.7B	$108.1B
Non-controlling interests	$59.0M	$103.0M	$99.0M	$111.0M
Total equity	$139.2B	$127.2B	$117.8B	$108.2B
Total liabilities and equity	$2.3T	$2.2T	$2.0T	$1.9T

ROYAL BANK OF CANADA balance sheet, quarters

Line item	Jul 31, 2026	Apr 30, 2026	Jan 31, 2026	Jul 31, 2025
Cash and due from banks	$64.1B	$59.3B	$46.2B	$34.9B
Interest-bearing deposits with banks	$50.4B	$34.1B	$53.1B	$72.8B
Trading	$252.2B	$236.6B	$229.8B	$204.2B
Investment, net of applicable allowance (Note 4)	$394.0B	$375.8B	$359.1B	$333.9B
Securities	$646.2B	$612.4B	$589.0B	$538.0B
Assets purchased under reverse repurchase agreements and securities borrowed	$314.0B	$316.4B	$279.8B	$265.8B
Retail	$681.8B	$663.4B	$655.4B	$644.8B
Wholesale	$434.3B	$422.1B	$406.8B	$387.9B
Loans	$1.1T	$1.1T	$1.1T	$1.0T
Allowance for loan losses (Note 5)	($7.4B)	($7.5B)	($7.4B)	($7.3B)
Loans, net	$1.1T	$1.1T	$1.1T	$1.0T
Derivatives	$162.4B	$150.7B	$170.8B	$155.0B
Premises and equipment	$6.9B	$6.8B	$6.7B	$6.7B
Goodwill	$19.5B	$19.2B	$19.3B	$19.3B
Other intangibles	$7.3B	$7.3B	$7.3B	$7.4B
Other assets	$119.2B	$111.8B	$115.3B	$102.3B
Total other assets	$315.3B	$295.9B	$319.4B	$290.8B
Total assets	$2.5T	$2.4T	$2.3T	$2.2T
Personal	$538.6B	$532.7B	$530.3B	$523.3B
Business and government	$1.0T	$985.0B	$949.4B	$918.2B
Bank	$79.0B	$63.8B	$62.5B	$40.0B
Total deposits	$1.6T	$1.6T	$1.5T	$1.5T
Obligations related to securities sold short	$59.4B	$57.5B	$47.8B	$47.1B
Obligations related to assets sold under repurchase agreements and securities loaned	$325.2B	$313.0B	$288.0B	$266.3B
Derivatives	$167.0B	$156.6B	$170.7B	$158.9B
Insurance contract liabilities	$25.4B	$24.4B	$24.5B	$23.4B
Other liabilities	$118.5B	$108.9B	$117.4B	$101.3B
Total other liabilities	$695.6B	$660.3B	$648.4B	$597.0B
Subordinated debentures (Note 10)	$13.6B	$13.5B	$11.9B	$13.8B
Total liabilities	$2.4T	$2.3T	$2.2T	$2.1T
Issued capital (Note 10)	$31.8B	$31.8B	$32.0B	$32.4B
Retained earnings	$103.5B	$101.2B	$99.3B	$95.0B
Other components of equity	$9.8B	$7.7B	$8.6B	$8.2B
Total equity attributable to shareholders	$145.0B	$140.7B	$139.8B	$135.6B
Non-controlling interests	$58.0M	$56.0M	$57.0M	$69.0M
Total equity	$145.1B	$140.8B	$139.9B	$135.6B
Total liabilities and equity	$2.5T	$2.4T	$2.3T	$2.2T

Cash flow statement

ROYAL BANK OF CANADA cash flow statement, fiscal years

Line item	Oct 31, 2025 · FY	Oct 31, 2024 · FY	Oct 31, 2023 · FY	Oct 31, 2022 · FY
Net income	$20.4B	$16.2B	$14.9B	$15.8B
Provision for credit losses	$4.4B	$3.2B	$2.5B	$484.0M
Depreciation	$1.3B	$1.4B	$1.3B	$1.3B
Deferred income taxes	($216.0M)	($1.5B)	($995.0M)	$569.0M
Amortization and impairment of other intangibles	$1.8B	$1.6B	$1.6B	$1.4B
(Income) loss from joint ventures and associates	($73.0M)	—	—	—
Losses (gains) on investment securities	($132.0M)	($170.0M)	($193.0M)	($43.0M)
Insurance contract liabilities	$2.1B	$3.2B	$455.0M	($1.3B)
Net change in accrued interest receivable and payable	($1.9B)	$1.7B	$2.8B	$333.0M
Current income taxes	($936.0M)	$945.0M	($986.0M)	($3.3B)
Derivative assets	($26.6B)	($4.8B)	$11.8B	($58.9B)
Derivative liabilities	$20.2B	$17.6B	($10.5B)	$62.1B
Trading securities	($35.8B)	$8.9B	($41.9B)	($8.9B)
Loans	($62.1B)	($55.0B)	($34.7B)	($102.7B)
Assets purchased under reverse repurchase agreements and securities borrowed	$41.1B	($10.2B)	($22.3B)	($9.9B)
Obligations related to assets sold under repurchase agreements and securities loaned	($15.8B)	($35.6B)	$61.3B	$11.7B
Obligations related to securities sold short	$14.6B	$727.0M	($1.9B)	($2.3B)
Deposits	$106.1B	$91.6B	$44.0B	$108.5B
Brokers and dealers receivable and payable	($107.0M)	($304.0M)	($2.4B)	$4.6B
Other	($13.1B)	($16.4B)	$1.3B	$2.8B
Net cash from (used in) operating activities	$55.2B	$23.1B	$26.1B	$21.9B
Change in interest-bearing deposits with banks	$15.7B	$5.1B	$18.7B	($28.4B)
Proceeds from sales and maturities of investment securities	$232.4B	$182.3B	$156.5B	$99.1B
Purchases of investment securities	($314.4B)	($193.3B)	($202.5B)	($123.0B)
Net acquisitions of premises and equipment and other intangibles	($2.2B)	($2.3B)	($2.7B)	($2.5B)
Net cash from (used in) investing activities	($68.6B)	($20.9B)	($28.3B)	($57.1B)
Issuance of subordinated debentures	$3.0B	$3.3B	$1.5B	$1.0B
Repayment of subordinated debentures	($2.8B)	($1.5B)	($170.0M)	($192.0M)
Issue of common shares, net of issuance costs	72.0M	159.0M	65.0M	51.0M
Common shares purchased for cancellation	-2.8B	-140.0M	—	-5.4B
Issue of preferred shares and other equity instruments, net of issuance costs	4.9B	2.7B	—	749.0M
Redemption of preferred shares and other equity instruments	-2.4B	-1.0B	—	-155.0M
Sales of treasury shares and other equity instruments	10.7B	6.7B	4.2B	5.5B
Purchases of treasury shares and other equity instruments	-10.7B	-6.5B	-4.1B	-5.7B
Dividends paid on shares and distributions paid on other equity instruments	-8.8B	-6.6B	-5.5B	-7.0B
Dividends/distributions paid to non-controlling interests	($39.0M)	($6.0M)	($21.0M)	($5.0M)
Change in short-term borrowings of subsidiaries	$2.8B	($4.5B)	($5.1B)	$9.6B
Repayment of lease liabilities	($788.0M)	($636.0M)	($655.0M)	($629.0M)
Net cash from (used in) financing activities	($6.7B)	($8.1B)	($9.8B)	($2.2B)
Effect of exchange rate changes on cash and due from banks	$361.0M	$628.0M	$1.6B	($4.2B)
Net change in cash and due from banks	($19.7B)	($5.3B)	($10.4B)	($41.4B)
Cash and due from banks at beginning of period	$56.7B	$62.0B	$72.4B	$113.8B
Cash and due from banks at end of period	$37.0B	$56.7B	$62.0B	$72.4B
Amount of interest paid	$71.0B	$73.6B	$54.7B	$13.7B
Amount of interest received	$100.5B	$102.1B	$81.1B	$35.8B

ROYAL BANK OF CANADA cash flow statement, quarters

Line item	Jul 31, 2026 · YTD	Apr 30, 2026 · YTD	Jan 31, 2026 · Q1	Jul 31, 2025 · YTD
Net income	$17.3B	$11.3B	$5.8B	$14.9B
Provision for credit losses	$3.0B	$2.0B	$1.1B	$3.4B
Depreciation	$993.0M	$654.0M	$322.0M	$962.0M
Deferred income taxes	$29.0M	($3.0M)	$208.0M	($105.0M)
Amortization and impairment of other intangibles	$1.2B	$778.0M	$388.0M	$1.4B
(Income) loss from joint ventures and associates	($88.0M)	($61.0M)	($37.0M)	($60.0M)
Losses (gains) on investment securities	($212.0M)	($183.0M)	($81.0M)	($118.0M)
Insurance contract liabilities	$1.1B	$32.0M	$172.0M	$1.2B
Net change in accrued interest receivable and payable	$391.0M	$222.0M	($903.0M)	($1.9B)
Current income taxes	$3.3B	$3.0B	$2.7B	($60.0M)
Derivative assets	$14.8B	$26.5B	$6.4B	($4.4B)
Derivative liabilities	($16.9B)	($27.3B)	($13.2B)	($4.9B)
Trading securities	($33.1B)	($17.5B)	($10.8B)	($20.9B)
Loans	($66.6B)	($36.0B)	($12.8B)	($47.1B)
Assets purchased under reverse repurchase agreements and securities borrowed	($4.4B)	($6.7B)	$29.9B	$85.0B
Obligations related to assets sold under repurchase agreements and securities loaned	$35.7B	$23.4B	($1.5B)	($39.0B)
Obligations related to securities sold short	$9.5B	$7.6B	($2.1B)	$11.8B
Deposits	$129.0B	$65.9B	$26.6B	$71.9B
Brokers and dealers receivable and payable	$1.4B	$2.9B	$1.3B	$2.9B
Other	($2.1B)	$2.6B	$4.4B	($4.8B)
Net cash from (used in) operating activities	$94.3B	$59.2B	$37.9B	$70.0B
Change in interest-bearing deposits with banks	($70.0M)	$16.2B	($2.7B)	($6.8B)
Proceeds from sales and maturities of investment securities	$246.2B	$152.1B	$64.8B	$159.5B
Purchases of investment securities	($298.3B)	($193.6B)	($88.2B)	($237.0B)
Net acquisitions of premises and equipment and other intangibles	($1.8B)	($1.1B)	($597.0M)	($1.7B)
Cash used in acquisitions, net of cash acquired	($11.0M)	($11.0M)	—	—
Net cash from (used in) investing activities	($54.0B)	($26.4B)	($26.7B)	($86.0B)
Issuance of subordinated debentures	$1.8B	$1.8B	—	$3.0B
Repayment of subordinated debentures	($2.0B)	($2.0B)	($2.0B)	($2.8B)
Issue of common shares, net of issuance costs	140.0M	66.0M	41.0M	54.0M
Common shares purchased for cancellation	-4.2B	-2.6B	-960.0M	-1.8B
Issue of preferred shares and other equity instruments, net of issuance costs	1.4B	1.4B	1.4B	3.1B
Redemption of preferred shares and other equity instruments	-1.9B	-1.9B	-1.9B	-600.0M
Sales of treasury shares and other equity instruments	10.0B	5.9B	2.7B	7.4B
Purchases of treasury shares and other equity instruments	-10.2B	-6.1B	-2.8B	-7.4B
Dividends paid on shares and distributions paid on other equity instruments	-7.1B	-4.7B	-2.3B	-6.5B
Dividends/distributions paid to non-controlling interests	($17.0M)	($14.0M)	($13.0M)	($26.0M)
Change in short-term borrowings of subsidiaries	($351.0M)	($766.0M)	$4.6B	$0
Repayment of lease liabilities	($370.0M)	($202.0M)	($37.0M)	($493.0M)
Net cash from (used in) financing activities	($12.9B)	($9.2B)	($1.3B)	($6.0B)
Effect of exchange rate changes on cash and due from banks	($287.0M)	($1.3B)	($683.0M)	$241.0M
Net change in cash and due from banks	$27.1B	$22.3B	$9.2B	($21.8B)
Cash and due from banks at beginning of period	$37.0B	$37.0B	$37.0B	$56.7B
Cash and due from banks at end of period	$64.1B	$59.3B	$46.2B	$34.9B
Amount of interest paid	$50.3B	$32.9B	$17.5B	$53.7B

ROYAL BANK OF CANADA score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.