Royal Bank of Canada
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Financial Performance
Revenue
$48.1B USD (CAD $66.605B)
Market Cap
$174.0B
Net Income
$14.7B
Employees
98,000
Royal Bank of Canada is functioning as the undisputed sovereign of Canadian banking, extracting wildly stable revenues across its diversified personal, commercial, wealth management, and capital markets franchises. Under CEO Dave McKay, the banking giant generated exactly $54.0 billion in revenue and maintains a $174.0 billion market cap with exactly 98000 employees. The financial narrative in 2026 is entirely defined by the transformative HSBC Canada acquisition integration; absorbing its single largest acquisition in history, RBC extracts lucrative scale advantages by furiously cross-selling its premium wealth and commercial banking services to HSBC's valuable and affluent immigrant client base.
Revenue Trend Analysis
YoY Change
+16.2%
3-Year CAGR
+9.3%
Peak Year
2025
Trend
Consistent Growth
Royal Bank of Canada has reported revenue across 4 fiscal years, compounding at +9.3% annually over 3 years. The most recent year saw a 16.2% increase versus the prior year. Revenue peaked in 2025 at $48.1B. Out of 3 reported periods, 3 showed growth and 0 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $48.1B | $14.7B | +16.2% |
| FY2024 | $41.4B | — | +4.8% |
| FY2023 | $39.5B | — | +7.3% |
| FY2022 | $36.8B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
Royal Bank of Canada reported approximately $54.0B in fiscal year 2025 with a team of 98,000 employees worldwide.
Royal Bank of Canada strategically balances reinvestment into core R&D with operational cost discipline, focusing on workflow automation to expand operating margins in 2026.
Financial performance in Diversified Banking and Financial Services is driven by steady cash generation and pricing power, enabling Royal Bank of Canada to reinvest in high-return strategic initiatives.
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Royal Bank of Canada Revenue & Financials." CorpDigest, https://corpdigest.com/company/rbc/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Royal Bank of Canada reported $48B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/rbc/financials" target="_blank" rel="noopener">CorpDigest — Royal Bank of Canada financials</a></div>