Market capitalisation
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Share price multiplied by shares outstanding. It does not measure company cash.
Company analysis·RY.TO
Preparing the analysis
We’re preparing the company’s analysis.
TSX·RY.TO
Royal Bank of Canada
Share priceCA$286.54Price as of: Nov 9, 2026
Royal Bank of Canada (RY.TO) is a company listed on TSX, classified under Banks - Diversified.
Royal Bank of Canada functions as a globally diversified financial services powerhouse.
Net revenue · FY 2025
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Sales generated during the period, before costs and expenses.
Net margin · FY 2025
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Net income as a proportion of revenue.
“Our take” and other explanations are generated with artificial intelligence from the data, without human review of each text. They are descriptive, not recommendations. Learn more
Explore questions
P1 · What does it do and how does it make money?
Of every $100 it takes in,34 come from Wealth Management.
Wealth Management is its largest source of revenue (33.6%), followed by Personal Banking (29.8%). Here you will see what it sells, where, and how that mix is changing.
$67bnnet revenue in FY 2025
5business lines with data
63%of sales, in CANADA
Full fiscal year ended Oct 31, 2025
After that close
Q3 fiscal 2026, ended Jul 31, 2026: total revenue +22.7% against the same quarter a year earlier.
This is the revenue of the whole company. The split by lines and regions on this page is still that of the full fiscal year.01How it makes money
The data does not separate products from services.
Not all revenue behaves the same way. A one-off sale depends on someone buying again; a service is billed again and again while the customer stays.
Its business lines · FY 2025
02Where revenue comes from
Revenue is spread out.
Each rectangle is a business line and its size is the share of revenue it brings in. Select one to see the detail.
No room for a label in the mosaic
No breakdown0.10%
Area = share of total revenue for the year. It does not show profit: the company does not report what each line earns.
$0.1bn (0.10%) of revenue has no segment assigned in the published data.
What is a segment's weight?
The part of everything the company takes in that comes from that line. If a line weighs 49%, then of every 100 in sales, 49 come from it.
How to read it
The more a line weighs, the more revenue depends on it. A high weight is neither good nor bad by itself: it shows where to look first.
03Where sales come from
It depends on one main market.
CANADA is its largest market, with 62.8% of sales. Each square is a region and its area is what it sells there.
Regions from largest to smallest · FY 2025
$7.5bn (11.3%) of revenue has no segment assigned in the published data.
04How the mix is changing
Capital Markets is gaining weight.
Weight of each part in 2024 and in 2025. A line gains weight when it grows faster than the total.
FY 2024FY 2025
pp = percentage points: the difference between two percentages (from 25% to 27% is 2 pp).
05Read with care
What we can deduce from the data. And what we cannot.
We can deduceWe cannot conclude
01
Net margin increased (30.6% in FY 2025), showing a global profitability improvement.
That line or region profitability underpins the gain: without a breakdown, the margin improvement can’t be tied to any single segment.
Our take
Growth and business weight remain concentrated in Canada and several main lines, while profitability improvement cannot be tied to any specific segment.
- 01Shown by the figures
Canada and several lines drive growth
FY 2025 revenue growth became even more centered on Canada (73.5% of the total), while Capital Markets (+20.1%), Personal Banking, and Wealth Management were top contributors to the rise. Wealth Management remains the largest, but was not the main growth driver.
What is not proven
Did any segment or region contribute most to net margin improvement? Knowing this would clarify the true profitability driver versus the business’s Canada and Wealth Management weight.
See the calculations behind it
- Wealth Management brought CA$2.8B of the CA$9.3B by which revenue grew in FY 2025 (29.7%), although it weighed 34.2%. Without that line, the rest grew 17.3%.
- Dependence on Wealth Management barely changes: 34.2% of revenue in FY 2024 and 33.6% in FY 2025.
- Canada brings 62.8% of sales (62.5% in FY 2024).
- Wealth Management accounts for 29.7% of the change in revenue in FY 2025 and weighed 34.2%.
With data to Nov 4, 2026. Analysis written by a language model from our calculations, which supply every figure. It is not investment advice.
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