Also trades as: RY.TO (TSX) · $vol 655M · RY-PZ.TO (TSX) · $vol 4M · 0QKU.L (LSE) · $vol 0M · RY-PT (NYSE) · $vol 0M · RBCPF (OTC) · $vol 0M · RY.SW (SIX) · $vol 0M

$203.02

+0.55 (+0.27%)

Weekly Expected Move ±2.3%

$192 $196 $201 $206 $211

NYSE · Financial Services · Banks - Diversified · Tech Score Buy · Power 64 · $281.5B mcap · 1.38B float · 0.101% daily turnover · Short 58% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: $2.77B held by 685 funds, 44 bp over Treasuries → details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

Revenue Segmentation

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$137.4B +2.1% ▲

5Y CAGR: +17.6%

Gross Profit

$62.2B +14.6% ▲

5Y CAGR: +7.8%

Operating Income

$25.7B +29.1% ▲

5Y CAGR: +12.3%

Net Income

$20.4B +25.5% ▲

5Y CAGR: +12.2%

EPS (Diluted)

$14.09 +25.5% ▲

5Y CAGR: +12.5%

EBITDA

$28.7B +25.8% ▲

5Y CAGR: +11.0%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$57.7B	$66.8B	$113.5B	$134.5B	$137.4B
YoY Growth	-5.7%	+15.9%	+69.8%	+18.5%	+2.1%
Cost of Revenue	$7.4B	$18.5B	$64.3B	$80.2B	$75.2B
Gross Profit	$50.3B	$48.3B	$49.1B	$54.3B	$62.2B
Gross Margin	87.2%	72.3%	43.3%	40.3%	45.3%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$20.4B	$18.3B	$18.9B	$21.1B	$23.1B
Operating Expenses	$29.7B	$28.2B	$30.9B	$34.4B	$36.5B
Operating Income	$20.6B	$20.1B	$18.2B	$19.9B	$25.7B
Operating Margin	35.8%	30.1%	16.0%	14.8%	18.7%
Interest Expense	$8.1B	$18.1B	$61.9B	$77.0B	$70.8B
Income Before Tax	$20.6B	$20.1B	$18.2B	$19.9B	$25.7B
Tax Expense	$4.6B	$4.3B	$3.6B	$3.6B	$5.3B
Net Income	$16.0B	$15.8B	$14.6B	$16.2B	$20.4B
Net Margin	27.8%	23.6%	12.9%	12.1%	14.8%
EPS (Diluted)	$11.06	$11.06	$10.32	$11.23	$14.09
EBITDA	$23.2B	$22.8B	$21.0B	$22.8B	$28.7B
Shares Outstanding	1.43B	1.41B	1.39B	1.41B	1.41B

Line Item	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3
Revenue	$33.9B	$35.2B	$32.6B	$34.7B	$34.8B	$35.4B	$33.9B	$38.7B
Cost of Revenue	$19.7B	$19.6B	$18.3B	$18.6B	$18.7B	$18.6B	$17.4B	$18.9B
Gross Profit	$14.2B	$15.7B	$14.2B	$16.1B	$16.2B	$16.8B	$16.5B	$19.8B
Gross Margin	42.0%	44.5%	43.7%	46.3%	46.5%	47.5%	48.7%	51.2%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$5.4B	$6.0B	$5.5B	$5.9B	$5.8B	$6.3B	$7.2B	$7.5B
Operating Expenses	$9.0B	$9.2B	$8.7B	$9.2B	$9.4B	$9.4B	$9.4B	$12.1B
Operating Income	$5.2B	$6.4B	$5.5B	$6.9B	$6.8B	$7.4B	$7.1B	$7.8B
Operating Margin	15.4%	18.3%	16.9%	19.8%	19.6%	20.9%	20.9%	20.1%
Interest Expense	$18.8B	$18.5B	$16.9B	$17.8B	$17.6B	$17.5B	$16.5B	$17.9B
Income Before Tax	$5.2B	$6.4B	$5.5B	$6.9B	$6.8B	$7.4B	$7.1B	$7.7B
Tax Expense	$993M	$1.3B	$1.1B	$1.5B	$1.4B	$1.6B	$1.6B	$1.7B
Net Income	$4.2B	$5.1B	$4.4B	$5.4B	$5.4B	$5.8B	$5.5B	$6.0B
Net Margin	12.4%	14.6%	13.5%	15.6%	15.6%	16.3%	16.2%	15.6%
EPS (Diluted)	$2.91	$3.54	$3.02	$3.75	$3.75	$4.03	$3.85	$4.23
EBITDA	$6.0B	$7.2B	$6.3B	$7.6B	$7.6B	$8.1B	$7.8B	$8.5B
Shares Outstanding	1.42B	1.42B	1.41B	1.41B	1.41B	1.03B	1.39B	992M

RY NYSE