RY Stock - Royal Bank of Canada
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $137.36B | $134.49B | $113.45B | $66.83B | $57.68B |
| Gross Profit | $62.17B | $54.26B | $49.12B | $48.29B | $50.29B |
| Gross Margin | 45.3% | 40.3% | 43.3% | 72.3% | 87.2% |
| Operating Income | $25.65B | $19.86B | $18.18B | $20.11B | $20.63B |
| Net Income | $20.36B | $16.23B | $14.61B | $15.79B | $16.04B |
| Net Margin | 14.8% | 12.1% | 12.9% | 23.6% | 27.8% |
| EPS | $14.12 | $11.27 | $10.33 | $11.08 | $11.08 |
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, and reinsurance advice and solutions; and business insurance services to individual, business, and group clients through its advice centers, RBC insurance stores, and mobile advisors; digital, mobile, and social platforms; independent brokers; and travel partners. Its Investor & Treasury Services segment provides asset servicing, custody, payments, and treasury services to financial and other investors; and fund and investment administration, shareholder, private capital, performance measurement and compliance monitoring, distribution, transaction banking, cash and liquidity management, foreign exchange, and global securities finance services. The company's Capital Markets segment offers corporate and investment banking, as well as equity and debt origination, distribution, advisory services, sale, and trading services for corporations, institutional investors, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 4th 2025 | TD Securities | Upgrade | Buy | - |
| November 25th 2025 | Jefferies | Downgrade | Hold | - |
| September 22nd 2025 | Erste Group | Upgrade | Buy | - |
| September 5th 2025 | CIBC | Downgrade | Neutral | - |
| May 30th 2025 | National Bank Financial | Downgrade | Sector Perform | - |
| May 15th 2025 | Scotiabank | Resumed | Sector Outperform | - |
| April 4th 2025 | CIBC | Upgrade | Sector Outperform | - |
| November 21st 2024 | Barclays | Upgrade | Overweight | - |
| November 15th 2024 | TD Securities | Downgrade | Hold | - |
| July 2nd 2024 | UBS | Initiation | Buy | - |
| May 13th 2024 | Jefferies | Upgrade | Buy | - |
| April 5th 2024 | BMO Capital Markets | Upgrade | Outperform | - |
| March 20th 2024 | Barclays | Initiation | Equal Weight | - |
| February 22nd 2024 | Jefferies | Initiation | Hold | - |
| December 18th 2023 | Canaccord Genuity | Resumed | Buy | - |
Earnings History & Surprises
RYEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 27, 2026 | — | — | — | — |
Q1 2026 | Feb 26, 2026 | $2.75 | — | — | — |
Q4 2025 | Dec 3, 2025 | $2.51 | $2.76 | +10.0% | ✓ BEAT |
Q3 2025 | Aug 27, 2025 | $2.36 | $2.79 | +18.2% | ✓ BEAT |
Q2 2025 | May 29, 2025 | $2.25 | $2.20 | -2.2% | ✗ MISS |
Q1 2025 | Feb 27, 2025 | $2.28 | $2.55 | +11.8% | ✓ BEAT |
Q4 2024 | Dec 4, 2024 | $2.15 | $2.25 | +4.7% | ✓ BEAT |
Q3 2024 | Aug 28, 2024 | $2.15 | $2.38 | +10.7% | ✓ BEAT |
Q2 2024 | May 30, 2024 | $2.11 | $2.14 | +1.4% | ✓ BEAT |
Q1 2024 | Feb 28, 2024 | $2.08 | $2.12 | +1.9% | ✓ BEAT |
Q4 2023 | Nov 30, 2023 | $1.89 | $2.00 | +5.8% | ✓ BEAT |
Q3 2023 | Aug 24, 2023 | $2.05 | $2.15 | +4.9% | ✓ BEAT |
Q2 2023 | May 25, 2023 | $2.07 | $1.95 | -5.8% | ✗ MISS |
Q1 2023 | Mar 1, 2023 | $2.17 | $2.26 | +4.1% | ✓ BEAT |
Q4 2022 | Nov 30, 2022 | $2.02 | $2.09 | +3.5% | ✓ BEAT |
Q3 2022 | Aug 24, 2022 | $2.68 | $2.55 | -4.9% | ✗ MISS |
Q2 2022 | May 26, 2022 | $2.70 | $3.00 | +11.1% | ✓ BEAT |
Q1 2022 | Feb 24, 2022 | $2.74 | $2.87 | +4.7% | ✓ BEAT |
Q4 2021 | Dec 1, 2021 | $2.81 | $2.71 | -3.6% | ✗ MISS |
Q3 2021 | Aug 25, 2021 | $2.69 | $3.00 | +11.5% | ✓ BEAT |
Latest News
TD Securities Upgrades Royal Bank of Canada to Buy, Raises Price Target to C$246
📈 PositiveBarclays Maintains Overweight on Royal Bank of Canada, Raises Price Target to C$227
📈 PositiveScotiabank Maintains Sector Outperform on Royal Bank of Canada, Raises Price Target to C$231
📈 PositiveRoyal Bank of Canada Q4 Adj. EPS $2.78 Beats $2.52 Estimate, Sales $12.405B Beat $12.010B Estimate
📈 PositiveUBS Maintains Buy on Royal Bank of Canada, Raises Price Target to C$238
📈 PositiveJefferies Downgrades Royal Bank of Canada to Hold, Raises Price Target to C$215
➖ NeutralBarclays Maintains Overweight on Royal Bank of Canada, Raises Price Target to C$221
📈 Positive'RBC's McKay Eyes US Acquisitions to Bulk Up on Wealth Advisers' -Bloomberg
📈 PositiveRBC Royal Bank Decreases Prime Rate By 25 Basis Points From 4.95% To 4.70%, Effective September 18
📈 PositiveCIBC Downgrades Royal Bank of Canada to Neutral, Announces C$208 Price Target
➖ NeutralArgus Research Maintains Buy on Royal Bank of Canada, Raises Price Target to $162
📈 PositiveCanaccord Genuity Maintains Buy on Royal Bank of Canada, Raises Price Target to C$219
📈 PositiveScotiabank Maintains Sector Outperform on Royal Bank of Canada, Raises Price Target to C$210
📈 PositiveBarclays Maintains Overweight on Royal Bank of Canada, Raises Price Target to C$203
📈 PositiveRoyal Bank of Canada shares are trading higher after the company reported better-than-expected Q3 EPS and sales.
📈 PositiveRoyal Bank of Canada Q3 Adj. EPS $2.79 Beats $2.36 Estimate, Sales $12.362B Beat $11.590B Estimate
📈 PositiveFrequently Asked Questions about RY
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