Royal Bank Of Canada (RY): price, analyst ratings, earnings and fundamentals
Updated 16 September 2026, 08:02 ET
Royal Bank Of Canada (RY) closed at $204.23 on 15 September 2026, down 0.5%. The stock is down 5.7% over one month and up 41.7% over one year. It trades 6.6% below its 52-week high of $218.56. The company last reported on 27 August 2026 for Q3 2026: EPS of $3.07 against an estimate of $2.89, a beat of 6.2%, on revenue of $13.3 billion.
Price and performance
Performance figures use dividend and split adjusted closes over trading sessions, so a one-year move compares the last close with the close 252 sessions earlier. The 52-week range uses the adjusted daily highs and lows of the same window. Read the guide: Momentum, trend and technical indicators.
The live chart with technical indicators is in the app: open RY in FundSpec.
Analyst ratings
No analyst action on RY was recorded in the last 90 days; the most recent is from 29 August 2025.
| Date | Firm | Action | Price target |
|---|---|---|---|
| 29 Aug 2025 | Argus Research | Maintains Buy | $140.00 to $162.00 |
| 5 Dec 2024 | BMO Capital | Maintains Outperform | $195.00 to $193.00 |
| 29 Aug 2024 | BMO Capital | Maintains Outperform | $151.00 to $165.00 |
| 6 Jun 2024 | Argus Research | Maintains Buy | $115.00 to $120.00 |
| 5 Apr 2024 | BMO Capital | Upgrades to Outperform from Market Perform | $140.00 to $150.00 |
| 18 Dec 2023 | B of A Securities | Upgrades to Buy from Neutral | |
| 25 Aug 2023 | Credit Suisse | Maintains Outperform | $138.00 to $139.00 |
| 25 Aug 2023 | Barclays | Maintains Underweight | $124.00 to $126.00 |
| 21 Aug 2023 | Barclays | Maintains Underweight | $122.00 to $124.00 |
| 6 Jun 2022 | Argus Research | Maintains Buy | $121.00 to $125.00 |
A price target is one firm's twelve-month view, and the median across firms is a steadier reading than any single call. Upgrades and downgrades matter more when they change a rating, not only a target. Read the guide: What analyst ratings and price targets actually tell you.
Every action with the firm's history is in Analyst Ratings.
Earnings
The next report is scheduled for 2 December 2026 before the open for Q4 2026, with EPS expected at $2.98 on revenue of $13.2 billion. Royal Bank Of Canada beat the EPS estimate in 7 of its last 8 reported quarters.
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue |
|---|---|---|---|---|---|
| Q3 2026 | 27 Aug 2026 | $2.89 | $3.07 | +6.23% | $13.3B |
| Q2 2026 | 28 May 2026 | $2.81 | $2.84 | +1.07% | $12.7B |
| Q1 2026 | 26 Feb 2026 | $2.76 | $2.93 | +6.16% | $12.9B |
| Q4 2025 | 3 Dec 2025 | $2.52 | $2.78 | +10.32% | $12.4B |
| Q3 2025 | 27 Aug 2025 | $2.36 | $2.79 | +18.22% | $12.4B |
| Q2 2025 | 29 May 2025 | $2.25 | $2.19 | -2.67% | $11.0B |
| Q1 2025 | 27 Feb 2025 | $2.28 | $2.59 | +13.60% | $12.0B |
| Q4 2024 | 4 Dec 2024 | $2.17 | $2.25 | +3.69% | $11.0B |
An earnings surprise is the reported EPS against the consensus estimate on the day. The price reaction depends as much on guidance and on what was already priced in as on the surprise itself. Read the guide: Earnings season: estimates, surprises and price reaction.
Estimates, confirmed dates and alerts for every company are in Earnings.
Fundamentals
For the period ended 31 January 2026, Royal Bank Of Canada reported revenue of $18.0 billion and net income of $5.8 billion. On a trailing twelve month basis the company shows revenue growth of 11.93%, a gross margin of N.A., an operating margin of N.A. and a return on equity of 15.40%.
Income statement
| Line | Amount |
|---|---|
| Revenue | $17,960,000,000 |
| Depreciation & Amortization | $708,000,000 |
| Interest Expense | $17,519,000,000 |
| Pre-tax Income | $7,407,000,000 |
| Income Tax Expense | $1,622,000,000 |
| Net Income | $5,785,000,000 |
Cash flow
| Line | Amount |
|---|---|
| Cash from Operating Activities | $37,898,000,000 |
| Cash from Investing Activities | -$26,732,000,000 |
| Cash from Financing Activities | -$1,281,000,000 |
Assets
| Line | Amount |
|---|---|
| Cash & Cash Equivalents | $46,226,000,000 |
| Plant, Property & Equipment, Net | $6,723,000,000 |
| Goodwill Intangible Assets, Net | $26,598,000,000 |
| Total Assets | $2,342,393,000,000 |
Liabilities and equity
| Line | Amount |
|---|---|
| Total Short-term Debt | $2,804,000,000 |
| Minority Interest | $57,000,000 |
| Total Liabilities | $2,202,535,000,000 |
| Retained Earnings | $99,265,000,000 |
| Total Stockholders Equity | $139,801,000,000 |
| Total Liability & Stockholders Equity | $2,342,393,000,000 |
Figures as filed with the SEC for the period ended 31 January 2026, in US dollars.
FundSpec fundamental metrics
Each metric is computed from the company's filings and ranked against every company FundSpec covers; the percentile is the share of covered companies with a lower value.
Leverage
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Debt/Assets | 0.00 | 37th | Calculated as the ratio of Short-Term Debt + Long-Term Debt / Total Assets. The higher the ratio, the higher the degree of leverage, and consequently, financial risk |
| Debt/Equity | 0.02 | 35th | Calculated as the ratio of Total Liabilities / Shareholders' Equity. The ratio indicates how much debt a company is using to finance its assets relative to the amount of value represented in shareholders’ equity |
| Degree of Financial Leverage | 3.62 | 96th | Calculated as the ratio of Percentage change in EPS / Percentage change in EBIT. A higher degree of financial leverage means that the company has more volatile EPS. |
Earnings Growth (Net Income)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Net Income Pct Growth | 18.2% | 56th | The Net Income growth rate over the trailing twelve months (TTM) |
| Net Income Pct Growth 3 year CAGR | 12.3% | 64th | The Net Income compound annual growth rate (CAGR) over the past 3 years |
| Net Income Pct Growth 5 year CAGR | 12.3% | 69th | The Net Income compound annual growth rate (CAGR) over the past 5 years |
Cashflow
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Operating Cashflow Pct Growth | 10.8% | 54th | The Operating Cashflow growth rate over the trailing twelve months (TTM) |
| Operating Cashflow Pct Growth 3 year CAGR (FY) | 25.5% | 79th | The Operating Cashflow compound annual growth rate (CAGR) over the past 3 years |
| Operating Cashflow Pct Growth 5 year CAGR (FY) | -16.2% | 19th | The Operating Cashflow compound annual growth rate (CAGR) over the past 5 years |
Profitability
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| PreTax Margin Pct | 39.3% | 92nd | Calculated as the ratio of (Gross profit - (Operating Expense + Interest Expense)) / Revenue. The pretax profit margin enables profitability to be compared across companies with significant differences in size, scale, capital structure and tax rates. |
| Return on Assets Pct | 0.9% | 57th | Calculated as the ratio of Net Income / Total Assets. It is an indicator of how efficient the company is at using its assets to generate earnings. |
| Return on Equity Pct | 15.4% | 79th | Calculated as the ratio of Net Income / Shareholders' equity. It is a measure of how much profit a company generates with the money shareholders have invested. |
| Return on Invested Capital Pct | 54.7% | 99th | Calculated as the ratio of (Net Income - Dividends) / (Debt + Equity). It is a measure of how efficient the company is at allocating the capital under its control to profitable investments. |
Top Line Growth
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Revenue Pct Growth | 11.9% | 65th | The Revenue (Sales) growth rate over the trailing twelve months (TTM) |
| Revenue Pct Growth 3 year CAGR | 11.2% | 68th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 3 years |
| Revenue Pct Growth 5 year CAGR | 7.5% | 51st | The Revenue (Sales) compound annual growth rate (CAGR) over the past 5 years |
Taxes
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Effective Tax Rate Pct | 21.0% | 69th | The effective tax rate of the company over the trailing twelve months (TTM). |
Margins and returns say how much of each dollar of sales becomes profit and how hard the balance sheet is working; leverage and liquidity say how much room the company has when conditions turn. Read the guide: A practical guide to discounted cash flow valuation.
Fair value, peer multiples and the full statement history are in the app: open RY in FundSpec.
Company profile
- Exchange
- NYSE
- Sector
- Banks
- Industry
- Banking
- Headquarters
- TORONTO
- Chief executive
- David I. McKay
- Employees
- 91,400
- Website
- rbc.com
- SEC CIK
- 0001000275
Royal Bank of Canada operates as a diversified financial service company worldwide. Its 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. 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.
Sector and peers
Royal Bank Of Canada is part of the Banks sector, which FundSpec tracks across 315 companies.
Companies in the same industry by market capitalization:
MUFG Mitsubishi Ufj Financial Group Inc.SAN Banco Santander, S.A.TD Toronto Dominion BankSMFG Sumitomo Mitsui Financial Group, Inc.BBVA Banco Bilbao Vizcaya Argentaria, S.A.MFG Mizuho Financial Group Inc.BMO Bank Of Montreal /Can/HDB Hdfc Bank Ltd.
Put two of them side by side in Compare.
In FundSpec: the fair value estimate, the momentum reading, relative valuation against sector and industry peers, unusual options activity and AI model signals for RY are available to subscribers, with the same screen in the iOS and Android apps.
Open RY in FundSpec