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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |