Royal Bank of Canada (TSX:RY)

Royal Bank of Canada Income Statement

Financials in millions CAD. Fiscal year is November - October.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Interest Income on Loans	56,042	54,040	43,463	26,565	21,654
Interest Income on Investments	47,783	50,911	43,528	14,206	6,491
Total Interest Income	103,825	104,951	86,991	40,771	28,145
Interest Paid on Deposits	44,817	47,256	36,679	10,751	5,448
Interest Paid on Borrowings	26,008	29,742	25,183	7,303	2,695
Total Interest Expense	70,825	76,998	61,862	18,054	8,143
Net Interest Income	33,000	27,953	25,129	22,717	20,002
Net Interest Income Growth (YoY)	18.05%	11.24%	10.62%	13.57%	-4.00%
Trust Income	10,647	9,325	8,344	7,610	7,132
Income From Trading Activities	3,125	2,327	2,392	926	1,183
Gain (Loss) on Sale of Investments	120	170	193	43	145
Gain (Loss) on Sale of Equity Investments	73	-16	-219	110	130
Other Non-Interest Income	19,640	17,585	15,625	17,579	21,101
Total Non-Interest Income	33,605	29,391	26,335	26,268	29,691
Non-Interest Income Growth (YoY)	14.34%	11.60%	0.26%	-11.53%	12.70%
Revenues Before Loan Losses	66,605	57,344	51,464	48,985	49,693
Provision for Loan Losses	4,362	3,232	2,468	484	-753
Revenue	62,243	54,112	48,996	48,501	50,446
Revenue Growth (YoY)	15.03%	10.44%	1.02%	-3.86%	17.78%
Salaries and Employee Benefits	20,620	18,133	18,106	16,067	14,418
Amortization of Goodwill & Intangibles	1,759	1,549	1,471	1,369	1,287
Selling, General & Administrative	10,645	11,186	8,179	6,707	7,973
Other Non-Interest Expense	3,568	3,382	3,057	4,249	6,137
Total Non-Interest Expense	36,592	34,250	30,813	28,392	29,815
EBT Excluding Unusual Items	25,651	19,862	18,183	20,109	20,631
Pretax Income	25,651	19,862	18,183	20,109	20,631
Income Tax Expense	5,282	3,622	3,571	4,302	4,581
Earnings From Continuing Operations	20,369	16,240	14,612	15,807	16,050
Minority Interest in Earnings	-7	-10	-7	-13	-12
Net Income	20,362	16,230	14,605	15,794	16,038
Preferred Dividends & Other Adjustments	494	322	236	247	257
Net Income to Common	19,868	15,908	14,369	15,547	15,781
Net Income Growth	25.46%	11.13%	-7.53%	-1.52%	40.29%
Basic Shares Outstanding	1,409	1,412	1,391	1,404	1,424
Diluted Shares Outstanding	1,412	1,414	1,393	1,406	1,427
Shares Change (YoY)	-0.15%	1.52%	-0.96%	-1.45%	-0.14%
EPS (Basic)	14.10	11.27	10.33	11.08	11.08
EPS (Diluted)	14.07	11.25	10.32	11.06	11.06
EPS Growth	25.07%	9.01%	-6.69%	-	41.38%
Dividend Per Share	6.040	5.600	5.340	4.960	4.320
Dividend Growth	7.86%	4.87%	7.66%	14.82%	0.70%
Effective Tax Rate	20.59%	18.24%	19.64%	21.39%	22.20%

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.