RY
Income statement / Annual
Last year (2024), Royal Bank of Canada's total revenue was $134.49 B,
an increase of 18.54% from the previous year.
In 2024, Royal Bank of Canada's net income was $16.23 B.
See Royal Bank of Canada,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
10/31/2024 |
10/31/2023 |
10/31/2022 |
10/31/2021 |
10/31/2020 |
10/31/2019 |
10/31/2018 |
10/31/2017 |
10/31/2016 |
10/31/2015 |
| Operating Revenue |
$134.49 B |
$113.45 B |
$66.83 B |
$57.68 B |
$61.15 B |
$67.35 B |
$57.58 B |
$49.89 B |
$45.99 B |
$43.05 B |
| Cost of Revenue |
$80.23 B
|
$64.33 B
|
$18.54 B
|
$7.39 B
|
$18.40 B
|
$23.45 B
|
$16.38 B
|
$10.91 B
|
$9.47 B
|
$9.06 B
|
| Gross Profit |
$54.26 B
|
$49.12 B
|
$48.29 B
|
$50.29 B
|
$42.75 B
|
$43.90 B
|
$41.21 B
|
$38.97 B
|
$36.52 B
|
$34.00 B
|
| Gross Profit Ratio |
0.4
|
0.43
|
0.72
|
0.87
|
0.7
|
0.65
|
0.72
|
0.78
|
0.79
|
0.79
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$21.08 B
|
$18.85 B
|
$18.31 B
|
$20.43 B
|
$18.94 B
|
$18.69 B
|
$16.45 B
|
$16.38 B
|
$15.80 B
|
$14.55 B
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$21.08 B
|
$18.85 B
|
$18.31 B
|
$20.43 B
|
$18.94 B
|
$18.69 B
|
$16.45 B
|
$16.38 B
|
$15.80 B
|
$14.55 B
|
| Other Expenses |
$13.31 B
|
$12.09 B
|
$9.87 B
|
$9.23 B
|
$9.43 B
|
$9.31 B
|
$9.00 B
|
$7.92 B
|
$7.42 B
|
$6.83 B
|
| Operating Expenses |
$34.40 B
|
$30.94 B
|
$28.18 B
|
$29.66 B
|
$28.36 B
|
$27.99 B
|
$25.45 B
|
$24.30 B
|
$23.22 B
|
$21.38 B
|
| Cost And Expenses |
$114.63 B
|
$95.27 B
|
$46.72 B
|
$37.05 B
|
$46.76 B
|
$51.44 B
|
$41.82 B
|
$35.21 B
|
$32.69 B
|
$30.43 B
|
| Interest Income |
$104.95 B
|
$86.99 B
|
$40.77 B
|
$28.15 B
|
$34.88 B
|
$41.33 B
|
$33.02 B
|
$26.90 B
|
$24.45 B
|
$22.73 B
|
| Interest Expense |
$77.00 B
|
$61.86 B
|
$18.05 B
|
$8.14 B
|
$14.05 B
|
$21.58 B
|
$15.07 B
|
$9.76 B
|
$7.92 B
|
$7.96 B
|
| Depreciation & Amortization |
$2.98 B
|
$2.85 B
|
$2.65 B
|
$2.59 B
|
$2.65 B
|
$1.93 B
|
$1.65 B
|
$1.62 B
|
$1.55 B
|
$1.25 B
|
| EBITDA |
$22.84 B |
$21.04 B |
$22.76 B |
$23.22 B |
$17.04 B |
$17.85 B |
$17.41 B |
$16.29 B |
$14.85 B |
$13.87 B |
| EBITDA Ratio |
0.17
|
0.19
|
0.34
|
0.4
|
0.28
|
0.26
|
0.3
|
0.33
|
0.32
|
0.32
|
| Operating Income Ratio |
0.15
|
0.16
|
0.3
|
0.36
|
0.24
|
0.24
|
0.27
|
0.29
|
0.29
|
0.29
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$19.86 B
|
$18.18 B
|
$20.11 B
|
$20.63 B
|
$14.39 B
|
$15.91 B
|
$15.76 B
|
$14.67 B
|
$13.30 B
|
$12.62 B
|
| Income Before Tax Ratio |
0.15
|
0.16
|
0.3
|
0.36
|
0.24
|
0.24
|
0.27
|
0.29
|
0.29
|
0.29
|
| Income Tax Expense |
$3.62 B
|
$3.57 B
|
$4.30 B
|
$4.58 B
|
$2.95 B
|
$3.04 B
|
$3.33 B
|
$3.20 B
|
$2.84 B
|
$2.60 B
|
| Net Income |
$16.23 B
|
$14.61 B
|
$15.79 B
|
$16.04 B
|
$11.43 B
|
$12.86 B
|
$12.40 B
|
$11.43 B
|
$10.41 B
|
$9.93 B
|
| Net Income Ratio |
0.12
|
0.13
|
0.24
|
0.28
|
0.19
|
0.19
|
0.22
|
0.23
|
0.23
|
0.23
|
| EPS |
11.27 |
10.33 |
11.08 |
11.08 |
7.84 |
8.78 |
8.39 |
7.59 |
6.8 |
6.75 |
| EPS Diluted |
11.23 |
10.32 |
11.06 |
11.06 |
7.82 |
8.75 |
8.36 |
7.56 |
6.78 |
6.73 |
| Weighted Average Shares Out |
$1.41 B
|
$1.39 B
|
$1.40 B
|
$1.42 B
|
$1.42 B
|
$1.43 B
|
$1.44 B
|
$1.47 B
|
$1.49 B
|
$1.44 B
|
| Weighted Average Shares Out Diluted |
$1.41 B
|
$1.39 B
|
$1.41 B
|
$1.43 B
|
$1.43 B
|
$1.44 B
|
$1.45 B
|
$1.47 B
|
$1.49 B
|
$1.45 B
|
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