Royal Bank Of Canada (RY) Net Margin (2009 - 2026)
Royal Bank Of Canada's Net Margin was 32.50% in fiscal Q3 2026 (quarter ended Jul 31, 2026), up 0.64 percentage points from 31.85% a year earlier and up 0.93 percentage points from the prior quarter.
Royal Bank Of Canada (RY) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Royal Bank Of Canada's Net Margin was 31.94% through Jul 31, 2026, up 2.03 percentage points year-over-year; for FY2025 (ended Oct 31, 2025), it was 30.58%, up 0.77 percentage points from FY2024.
- Net Margin shows a five-year change of +6.34 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Net Margin was 29.82% in FY2024 (-0.47 pp), 30.29% in FY2023 (-1.84 pp), 32.13% in FY2022 (+32.13 pp) and 0.00% in FY2021 (-24.24 pp).
- The fiscal Q3 2026 figure marks the highest quarterly Net Margin since fiscal Q2 2022.
- Compared with a year earlier, Net Margin has increased for nine straight quarters, with an average year-over-year change of +1.66 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was fiscal Q1 2025 (a gain of 4.09 percentage points); the worst was fiscal Q2 2023 (a drop of 8.34 percentage points).
- Per Business Quant data, RY's Net Margin in the three fiscal quarters before Q3 2026 was 31.56% (Q2 2026), 32.21% (Q1 2026) and 31.45% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 890.60 Bn | 920.07 Bn | - | 36.19% |
| 2 | Banco Santander Chile | 421.74 Bn | 541.68 Bn | - | - |
| 3 | Bank Of America | 385.85 Bn | -1,990.22 Bn | - | 27.72% |
| 4 | Hsbc Holdings | 345.94 Bn | 345.99 Bn | - | - |
| 5 | Morgan Stanley | 303.15 Bn | -205.95 Bn | - | 25.46% |
| 6 | Royal Bank Of Canada | 279.82 Bn | 130.57 Bn | - | 32.50% |
| 7 | Mitsubishi Ufj Financial | 274.62 Bn | -1,313.87 Bn | 10.89 Bn | - |
| 8 | Goldman Sachs | 267.07 Bn | -3,290.04 Bn | - | 31.46% |
| 9 | Wells Fargo & Company | 243.79 Bn | 245.93 Bn | - | 27.23% |
| 10 | Banco Santander | 208.29 Bn | 215.91 Bn | - | 22.43% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 32.50% |
| Apr 30, 2026 | 31.56% |
| Jan 31, 2026 | 32.21% |
| Oct 31, 2025 | 31.45% |
| Jul 31, 2025 | 31.85% |
| Apr 30, 2025 | 28.01% |
| Jan 31, 2025 | 30.65% |
| Oct 31, 2024 | 28.82% |
| Jul 31, 2024 | 31.56% |
| Apr 30, 2024 | 27.91% |
| Jan 31, 2024 | 26.56% |
| Oct 31, 2023 | 28.44% |
| Jul 31, 2023 | 30.49% |
| Apr 30, 2023 | 29.57% |
| Jan 31, 2023 | 23.46% |
| Oct 31, 2022 | 30.72% |
| Jul 31, 2022 | 29.48% |
| Apr 30, 2022 | 37.91% |
| Jan 31, 2022 | 31.34% |
| Oct 31, 2021 | 31.45% |
Royal Bank Of Canada Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=RY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "RY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=RY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();