RY
Income statement / Annual
Last year (2023), Royal Bank of Canada's total revenue was $56.26 B,
an increase of 15.34% from the previous year.
In 2023, Royal Bank of Canada's net income was $14.86 B.
See Royal Bank of Canada’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
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 |
10/31/2014 |
| Operating Revenue |
$56.26 B
|
$48.78 B
|
$49.54 B
|
$47.10 B
|
$45.93 B
|
$42.56 B
|
$40.12 B
|
$37.67 B
|
$35.17 B
|
$33.95 B
|
| Cost of Revenue |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$2.72 B |
$3.05 B |
$3.42 B |
$3.04 B |
$3.57 B |
| Gross Profit |
$56.26 B |
$48.78 B |
$49.54 B |
$47.10 B |
$45.93 B |
$39.84 B |
$37.07 B |
$34.25 B |
$32.13 B |
$30.37 B |
| Gross Profit Ratio |
1 |
1 |
1 |
1 |
1 |
0.94 |
0.92 |
0.91 |
0.91 |
0.89 |
| 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 |
$22.99 B
|
$18.31 B
|
$20.43 B
|
$18.94 B
|
$18.69 B
|
$16.45 B
|
$16.38 B
|
$15.63 B
|
$14.55 B
|
$14.60 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 |
$22.99 B
|
$18.31 B
|
$20.43 B
|
$18.94 B
|
$18.69 B
|
$16.45 B
|
$16.38 B
|
$15.63 B
|
$14.55 B
|
$14.60 B
|
| Other Expenses |
$33.26 B |
-$28.94 B |
-$49.35 B |
-$51.66 B |
-$48.71 B |
-$23.06 B |
-$29.06 B |
-$28.71 B |
-$26.20 B |
-$25.46 B |
| Operating Expenses |
$35.20 B |
-$10.63 B |
-$28.92 B |
-$32.72 B |
-$30.02 B |
-$9.28 B |
-$12.67 B |
-$13.08 B |
-$11.65 B |
-$10.85 B |
| Cost And Expenses |
$35.20 B |
-$10.63 B |
-$28.92 B |
-$32.72 B |
-$30.02 B |
-$9.28 B |
-$9.62 B |
-$9.66 B |
-$8.61 B |
-$7.28 B |
| Interest Income |
$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 |
$22.02 B |
| Interest Expense |
$61.86 B |
$18.05 B |
$8.14 B |
$14.05 B |
$21.58 B |
$14.83 B |
$9.76 B |
$7.92 B |
$7.96 B |
$7.90 B |
| Depreciation &
Amortization |
$2.87 B
|
$2.63 B
|
$2.56 B
|
$2.61 B
|
$1.82 B
|
$1.65 B
|
$1.62 B
|
$1.54 B
|
$712.00 M
|
$1.17 B
|
| EBITDA |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| EBITDA Ratio |
0 |
0.84 |
0.47 |
0.33 |
0.37 |
0.76 |
0.65 |
0.6 |
0.62 |
0.61 |
| Operating Income Ratio
|
0.35
|
0.78
|
0.42
|
0.31
|
0.35
|
0.72
|
0.61
|
0.56
|
0.58
|
0.58
|
| Total Other
Income/Expenses Net |
-$1.49 B
|
-$1.37 B
|
-$1.29 B
|
-$1.27 B
|
-$1.20 B
|
-$1.08 B
|
-$1.02 B
|
-$970.00 M
|
-$712.00 M
|
-$666.00 M
|
| Income Before Tax |
$18.47 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 |
$11.71 B |
| Income Before Tax Ratio
|
0.33
|
0.41
|
0.42
|
0.31
|
0.35
|
0.37
|
0.37
|
0.35
|
0.36
|
0.34
|
| Income Tax Expense |
$3.60 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 |
$2.71 B |
| Net Income |
$14.86 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 |
$8.91 B |
| Net Income Ratio |
0.26 |
0.32 |
0.32 |
0.24 |
0.28 |
0.29 |
0.28 |
0.28 |
0.28 |
0.26 |
| EPS |
10.5 |
11.08 |
11.08 |
7.84 |
8.78 |
8.59 |
7.59 |
6.8 |
6.75 |
6.03 |
| EPS Diluted |
10.5 |
11.06 |
11.06 |
7.82 |
8.75 |
8.55 |
7.56 |
6.78 |
6.73 |
6 |
| Weighted Average Shares
Out |
$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
|
$1.44 B
|
| Weighted Average Shares
Out Diluted |
$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
|
$1.45 B
|
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