Royal Bank Of Canada (RY) Net Margin (2009 - 2026)
Royal Bank Of Canada (RY) posted quarterly Net Margin of 32.2% for Q1 2026, up 156.0% year-over-year from 12.58% in Q1 2025, and up 2.39% quarter-over-quarter from 31.45% in Q4 2025.
Royal Bank Of Canada (RY) Net Margin (2009 - 2026) Analysis & Trends
Royal Bank Of Canada's Net Margin history runs 18 years deep, the most recent figure standing at 32.2% for Q1 2026.
- In Q1 2026, Net Margin rose 156.0% year-over-year to 32.2%; the TTM figure through Jan 2026 stood at 30.97% (up 121.0% YoY), while the FY2025 annual figure was 30.58%, up 77.0% from the prior year.
- Net Margin for Q1 2026 stood at 32.2%, up from 31.45% in the prior quarter.
- The five-year high for Net Margin was 37.88% in Q2 2022, with the low at 23.44% in Q1 2023.
- The 5-year median for Net Margin is 30.51% (2023), against an average of 30.14%.
- The sharpest annual moves came in 2023 and 2025: Net Margin tumbled 832 bps in 2023, then surged 409 bps in 2025.
- Royal Bank Of Canada's Net Margin stood at 30.72% in 2022, then declined by 1 bps to 30.51% in 2023, then slipped by 6 bps to 28.82% in 2024, then grew by 9 bps to 31.45% in 2025, then gained by 2 bps to 32.2% in 2026.
- Business Quant data shows RY's Net Margin at 32.2% in Q1 2026, 31.45% in Q4 2025, and 31.85% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 444.30 Bn | -144.19 Bn | 30.39 Bn | 27.72% |
| 2 | Hsbc Holdings | 356.43 Bn | 356.43 Bn | - | - |
| 3 | Royal Bank Of Canada | 287.16 Bn | 88.23 Bn | - | 32.20% |
| 4 | Wells Fargo & Company | 255.45 Bn | 51.49 Bn | - | 27.23% |
| 5 | Mitsubishi Ufj Financial | 251.25 Bn | -142.37 Bn | 10.89 Bn | -22.10% |
| 6 | Citigroup | 223.07 Bn | -2,079.23 Bn | 24.75 Bn | 24.32% |
| 7 | Banco Santander | 209.76 Bn | 30.11 Bn | - | 352.18% |
| 8 | Toronto Dominion Bank | 194.82 Bn | 20.32 Bn | - | 25.63% |
| 9 | UBS Group AG | 167.45 Bn | -48.27 Bn | - | - |
| 10 | Bank of New York Mellon | 109.23 Bn | 48.01 Bn | - | 29.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 32.20% |
| Oct 31, 2025 | 31.45% |
| Jul 31, 2025 | 31.85% |
| Apr 30, 2025 | 27.99% |
| Jan 31, 2025 | 30.64% |
| Oct 31, 2024 | 28.82% |
| Jul 31, 2024 | 31.56% |
| Apr 30, 2024 | 27.89% |
| Jan 31, 2024 | 26.55% |
| Oct 31, 2023 | 30.51% |
| Jul 31, 2023 | 30.49% |
| Apr 30, 2023 | 29.56% |
| Jan 31, 2023 | 23.44% |
| Oct 31, 2022 | 30.72% |
| Jul 31, 2022 | 29.47% |
| Apr 30, 2022 | 37.88% |
| Jan 31, 2022 | 31.33% |
| Oct 31, 2021 | 31.41% |
| Jul 31, 2021 | 33.65% |
| Apr 30, 2021 | 34.55% |