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    R

    Royal Bank of Canada (RY)

    Official site

    FINANCIAL SERVICES • BANKS - DIVERSIFIED • NYSE

    $196.38
    -1.42 (-0.72%)

    Market Cap: $273.84B

    Last updated: Oct 20, 2026 at 12:56 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    83%(33/40)
    Avg Surprise
    +3.62%
    Streak
    5 Q

    Upcoming Estimates

    Period ending Oct 31, 2026
    EPS Consensus$4.68
    Range$4.64 - $4.82
    13 analysts
    Revenue Consensus
    $19.4B
    Range$18.9B - $19.7B
    11 analysts
    Period ending Jan 31, 2027
    EPS Consensus$4.38
    Range$4.29 - $4.45
    6 analysts
    EPS Revisions
    4
    0
    7d
    3
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$4.24+3.2%
    60d ago$4.24+3.2%
    30d ago$4.26+2.9%
    7d ago$4.34+1.0%
    Current$4.38
    Revenue Consensus
    $19.1B
    Range$18.6B - $19.5B
    4 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Jan 27EST
    		-$4.38---
    Oct 26EST
    		-$4.68---
    Jul 26
    Reported Aug 27
    		$3.07$2.89+6.23%Beat-20.1%
    Apr 26
    Reported May 28
    		$2.84$2.81+1.07%Beat-9.0%
    Jan 26
    Reported Feb 26
    		$2.94$2.81+4.63%Beat-18.8%
    Oct 25
    Reported Dec 3
    		$3.85$3.55+8.45%Beat+25.4%
    Jul 25
    Reported Aug 27
    		$3.84$3.29+16.72%Beat+17.8%
    Apr 25
    Reported May 29
    		$3.12$3.20-2.50%Miss+6.8%
    Jan 25
    Reported Feb 27
    		$3.62$3.24+11.73%Beat+27.0%
    Oct 24
    Reported Dec 4
    		$3.07$3.01+1.99%Beat+10.4%
    Jul 24
    Reported Aug 28
    		$3.26$2.95+10.51%Beat+14.8%
    Apr 24
    Reported May 30
    		$2.92$2.74+6.57%Beat+10.2%
    Jan 24
    Reported Feb 28
    		$2.85$2.79+2.15%Beat-6.6%
    Oct 23
    Reported Nov 30
    		$2.78$2.62+6.11%Beat+0.0%
    Jul 23
    Reported Aug 24
    		$2.84$2.71+4.80%Beat+11.4%
    Apr 23
    Reported May 25
    		$2.65$2.81-5.69%Miss-11.4%
    Jan 23
    Reported Mar 1
    		$3.05$2.93+4.10%Beat+6.3%
    Oct 22
    Reported Nov 30
    		$2.78$2.68+3.73%Beat+2.6%
    Jul 22
    Reported Aug 24
    		$2.55$2.68-4.85%Miss-15.0%
    Apr 22
    Reported May 26
    		$2.99$2.69+11.15%Beat+7.2%
    Jan 22
    Reported Feb 24
    		$2.87$2.72+5.51%Beat+6.7%
    Oct 21
    Reported Dec 1
    		$2.71$2.81-3.56%Miss+19.4%
    Jul 21
    Reported Aug 25
    		$3.00$2.71+10.70%Beat+34.5%
    Apr 21
    Reported May 27
    		$2.79$2.51+11.16%Beat+170.9%
    Jan 21
    Reported Feb 24
    		$2.69$2.28+17.98%Beat+10.2%
    Oct 20
    Reported Dec 2
    		$2.27$2.08+9.13%Beat+2.3%
    Jul 20
    Reported Aug 26
    		$2.23$1.90+17.37%Beat-1.3%
    Apr 20
    Reported May 27
    		$1.03$1.63-36.81%Miss-53.8%
    Jan 20
    Reported Feb 20
    		$2.44$2.30+6.09%Beat+11.4%
    Oct 19
    Reported Dec 4
    		$2.22$2.29-3.06%Miss-0.9%
    Jul 19
    Reported Aug 21
    		$2.26$2.30-1.74%Miss+5.6%
    Apr 19
    Reported May 23
    		$2.23$2.22+0.45%Beat+6.2%
    Jan 19
    Reported Feb 22
    		$2.19$2.19+0.00%Beat+6.8%
    Oct 18
    Reported Nov 28
    		$2.24$2.14+4.67%Beat+16.7%
    Jul 18
    Reported Aug 22
    		$2.14$2.11+1.42%Beat+13.2%
    Apr 18
    Reported May 24
    		$2.10$2.05+2.44%Beat+11.7%
    Jan 18
    Reported Feb 23
    		$2.05$1.99+3.02%Beat+9.6%
    Oct 17
    Reported Nov 29
    		$1.92$1.87+2.67%Beat+11.0%
    Jul 17
    Reported Aug 23
    		$1.89$1.87+1.07%Beat-
    Apr 17
    Reported May 25
    		$1.88$1.81+3.87%Beat-
    Jan 17
    Reported Feb 24
    		$1.87$1.78+5.06%Beat-
    Oct 16
    Reported Nov 30
    		$1.73$1.72+0.58%Beat-

    Dividends

    Dividend Metrics

    Forward Yield2.54%
    Forward Annual Dividend$5.00
    Payout Ratio26.11%
    Pay MonthsJan, May, Aug, Oct, Nov

    Growth

    3Y CAGR+4.20%
    5Y CAGR+6.32%
    RY dividend history and ex-dividend datesRun RY in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio19.08EV/EBITDA22.63x
    Price/FCF28.04xFCF Yield3.57%
    Profitability
    Profit Margin33.90%Operating Margin46.40%
    ROE16.20%ROIC3.41%
    Financial Health
    Debt/Equity4.10xInterest Coverage0.42x
    Current Ratio4.85xQuick Ratio4.85x
    Trading Statistics
    Beta0.91Avg Volume1.03M
    52-Week High$218.1152-Week Low$140.59

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$194.22
    SMA 20$196.50
    SMA 50$203.22
    SMA 200$186.69
    EMA 10$195.57
    EMA 20$197.00
    EMA 50$200.37
    EMA 200$187.16

    MACD

    Line: -2.28Signal: -2.89Hist: 0.61

    ADX

    ADX: 31.6+DI: 26.8-DI: 33.7

    Aroon & PSAR

    Aroon Up24.0
    Aroon Down72.0
    PSAR$189.96

    Bollinger Bands

    Upper Band$203.72
    Lower Band$189.27
    %B Position735%(Upper)
    Band Width0.49

    RSI (14-Day)

    Neutral
    45.8

    Momentum Oscillators

    Stoch %K67.0
    Stoch %D56.1
    Williams %R-31.2
    ROC (10d)0.9%
    Momentum1.71
    CCI (20d)6.6
    MFI (14d)49.1

    Volatility Measures

    ATR (14d)$2.99(1.5%)
    StdDev (20d)3.61
    Hist Vol17.4%(Low)

    Volume Flow

    VWAP$196.81
    OBV61.5M
    AD Line-767.2M
    CMF (20d)0.021

    Volume Metrics

    Avg Vol (20d)1.0M
    Vol Ratio0.8x
    VWMA (20d)$196.47

    Pivot Points

    R3$201.60
    R2$200.43
    R1$199.12
    Pivot Point$197.95
    S1$196.64
    S2$195.47
    S3$194.16

    Advanced Oscillators

    TSI-19.65
    Ultimate Osc60.0
    KST-50.67

    Financial Data

    QuarterJul 2026Apr 2026Jan 2026Oct 2025Jul 2025Apr 2025Jan 2025Oct 2024Jul 2024Apr 2024Jan 2024Oct 2023
    Total Revenue$38.65B$33.93B$35.44B$34.84B$34.72B$32.57B$35.23B$33.89B$34.45B$33.11B$33.03B$31.21B
    Cost of Revenue$18.85B$17.42B$18.61B$18.65B$18.64B$18.34B$19.56B$19.67B$20.42B$20.05B$20.09B$18.68B
    Gross Profit$19.80B$16.51B$16.83B$16.19B$16.08B$14.23B$15.67B$14.22B$14.03B$13.06B$12.94B$12.53B
    Operating Expenses$12.08B$9.43B$9.43B$9.36B$9.21B$8.71B$9.24B$9.01B$8.66B$8.13B$8.59B$8.46B
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$7.49B$7.19B$6.29B$5.79B$5.87B$5.48B$5.99B$5.42B$5.41B$5.09B$5.16B$4.79B
    Operating Income$7.75B$7.10B$7.41B$6.83B$6.87B$5.52B$6.43B$5.21B$5.37B$4.93B$4.35B$4.07B
    Interest Income$26.59B$25.02B$26.10B$26.29B$26.11B$24.97B$26.45B$26.50B$27.09B$25.75B$25.61B$24.50B
    Interest Expense$17.85B$16.51B$17.52B$17.64B$17.76B$16.91B$18.51B$18.83B$19.76B$19.13B$19.28B$17.96B
    Income Before Tax$7.73B$7.08B$7.41B$6.83B$6.87B$5.52B$6.43B$5.21B$5.37B$4.93B$4.35B$4.07B
    Income Tax Expense$1.73B$1.59B$1.62B$1.39B$1.46B$1.13B$1.30B$993.00M$887.00M$976.00M$766.00M$-60,000,000
    Net Income$6.03B$5.51B$5.78B$5.43B$5.42B$4.39B$5.13B$4.22B$4.48B$3.95B$3.58B$4.13B
    EBITDA$8.47B$7.83B$8.12B$7.58B$7.64B$6.30B$7.21B$6.04B$6.14B$5.65B$5.02B$4.83B
    EBIT$7.73B$7.10B$7.41B$6.83B$6.87B$5.52B$6.43B$5.21B$5.37B$4.93B$4.35B$4.07B
    * Some calculated fields are derived from available data when not provided by source

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    News

    RBC Wealth Management named Outstanding Private Bank in three categories at the Private Banker International Global Wealth Awards – Company Announcement - FT.com

    RBC Wealth Management has been recognized as "Outstanding Private Bank" in three categories: Global, North America...

    Financial Times•10/19/26•Bullish

    RBC Wealth Management named Outstanding Private Bank in three categories at the Private Banker International Global Wealth Awards

    RBC Wealth Management has been recognized as an Outstanding Private Bank in three categories at the Private Banker International Global Wealth Awards. This achievement highlights the firm's market-leading capabilities.

    Press Release Hub•10/19/26•Neutral

    RBC Wealth Management named Outstanding Private Bank in three categories at the Private Banker International Global Wealth Awards

    RBC Wealth Management has been recognized as the "Outstanding Private Bank" in three categories—Global, North America...

    PR Newswire•10/19/26•Bullish

    Bank fraud victims want Ottawa to make big banks pay more

    Canadian bank fraud victims are urging the government to hold major banks more accountable for financial losses...

    CBC•10/19/26•Neutral

    Royal Bank of Canada cuts target to USD 68.00 for Equity LifeStyle Properties stock

    Royal Bank of Canada has reduced its price target for Equity LifeStyle Properties (ELS) stock from USD 71.00 to USD 68.00...

    ad-hoc-news.de•10/17/26•Somewhat-Bearish

    RY Valuation and Fair Value

    P/E
    19.1x
    Forward P/E
    16.0x
    EV/EBITDA
    22.6x
    P/FCF
    28.0x
    PEG
    2.3x
    P/B
    1.9x
    See GNG's fair value

    RY Profitability: Margins, ROIC and FCF

    Gross margin
    48.3%
    Operating margin
    46.4%
    Net margin
    33.9%
    ROIC
    3.4%
    ROE
    16.2%
    FCF margin
    12.4%
    FCF yield
    3.6%

    RY Competitors

    CompanyTicker
    Morgan StanleyMS
    Goldman Sachs Group IncGS
    HSBC Holdings PLC ADRHSBC
    Wells Fargo & CompanyWFC
    Bank of America CorpBAC
    Mitsubishi UFJ Financial Group Inc ADRMUFG
    Mastercard IncMA
    American Express CompanyAXP

    Sector: Financial Services

    RY Analyst Ratings

    Consensus
    Buy
    Analysts
    15
    Strong Buy
    4
    Buy
    5
    Hold
    5
    Sell
    0
    Strong Sell
    1

    RY Bull Case vs Bear Case

    Bull case

    • RY has a 33.9% net profit margin.
    • RY beat EPS estimates in 87.5% of its last 8 reported quarters.
    • 60.0% of RY's analyst ratings are Buy or Strong Buy.

    Bear case

    • RY has a debt-to-equity ratio of 4.1x.

    RY Earnings: Beat Rate and Next Report

    Beat rate
    7 of 8 quarters (87.5%)
    Average surprise
    6.0%
    EPS estimate (fiscal period ending Oct 31, 2026)
    $4.68

    RY Dividend

    Forward yield
    2.5%
    Payout ratio
    26.1%
    3Y DPS growth
    4.2%
    5Y DPS growth
    6.3%
    Pay months
    Jan, May, Aug, Oct, Nov
    RY dividend history

    Frequently Asked Questions About RY

    What is RY's current dividend yield?

    Royal Bank of Canada (RY) has a forward dividend yield of 2.54%.

    Does RY pay dividends?

    Yes, Royal Bank of Canada pays dividends with a forward dividend yield of 2.54%.

    What is RY's P/E ratio?

    Royal Bank of Canada has a price-to-earnings (P/E) ratio of 19.08.

    What is RY's market cap?

    Royal Bank of Canada (RY) has a market capitalization of $273.84B with a current stock price of $196.38.

    Related stocks

    Sector: Financial Services

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