Royal Bank Of Canada RY
NYSE RY
$205.95 -0.86 (-0.42%)
As of: Sep 10, 2026 · 12:52 PM EDT

Royal Bank Of Canada (RY) Net Margin (2009 - 2026)

Royal Bank Of Canada (RY) posted Net Margin of 32.48% for Q3 2026, up 2.95% on a QoQ basis from 31.55% in Q2 2026, and up 63.0% year-over-year from 19.93% in Q3 2025.

Analysis

Royal Bank Of Canada (RY) Net Margin (2009 - 2026) Analysis & Trends

Royal Bank Of Canada has reported Net Margin for 18 years, with the latest figure at 32.48% in Q3 2026.

  • On a quarterly basis, Net Margin rose 63.0% year-over-year to 32.48% in Q3 2026; TTM through Jul 2026 was 31.93%, a 204.0% increase from a year earlier, with the FY2025 full-year figure at 30.58%, up 77.0% from the prior year.
  • Net Margin was 32.48% for Q3 2026 at Royal Bank Of Canada, up from 31.55% 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.
  • Average Net Margin over 5 years is 30.3%, with a median of 30.64% recorded in 2025.
  • The sharpest annual moves came in 2023 and 2025: Net Margin tumbled 832 bps in 2023, then jumped 409 bps in 2025.
  • Over 5 years, Net Margin stood at 30.72% in 2022, then dropped by 3 bps to 29.71% in 2023, then dropped by 3 bps to 28.82% in 2024, then rose by 9 bps to 31.45% in 2025, then grew by 3 bps to 32.48% in 2026.
  • The last three Net Margin figures came in at 32.48% (Q3 2026), 31.55% (Q2 2026), and 32.2% (Q1 2026), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Bank Of America 2,119.43 Bn 1,530.93 Bn 30.39 Bn 27.72%
2 Morgan Stanley 332.43 Bn 172.30 Bn - 25.46%
3 Goldman Sachs 306.08 Bn -670.27 Bn - 31.46%
4 Mitsubishi Ufj Financial 296.69 Bn -87.63 Bn 10.89 Bn -
5 Royal Bank Of Canada 290.20 Bn 63.31 Bn - 32.48%
6 Wells Fargo & Company 270.61 Bn 66.64 Bn - 27.23%
7 American Express 217.64 Bn 168.33 Bn 17.99 Bn 15.84%
8 Banco Santander 214.76 Bn 222.37 Bn 28.01 Bn 11.41%
9 Toronto Dominion Bank 205.59 Bn 44.26 Bn - 26.78%
10 Schwab Charles 185.46 Bn 111.87 Bn - 37.91%
Historic Data

Historic Data

Download Data
DateValue
Jul 31, 2026 32.48%
Apr 30, 2026 31.55%
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 29.71%
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%