Royal Bank Of Canada RY
NYSE RY
$206.82 -2.18 (-1.04%)
As of: Sep 9, 2026 · 3:59 PM EDT

Royal Bank Of Canada (RY) Operating Income (2010 - 2023)

Royal Bank Of Canada (RY) posted Operating Income of $3.6 billion for Q4 2023, up 25.2% on a QoQ basis from $2.9 billion in Q3 2023, and down 8.9% year-over-year from $3.9 billion in Q4 2022.

Analysis

Royal Bank Of Canada (RY) Operating Income (2010 - 2023) Analysis & Trends

Royal Bank Of Canada has reported Operating Income for 13 years, with the latest figure at $3.6 billion in Q4 2023.

  • On a quarterly basis, Operating Income fell 8.9% year-over-year to $3.6 billion in Q4 2023; TTM through Oct 2023 was $12.6 billion, a 19.99% decrease from a year earlier, with the FY2023 full-year figure at $12.3 billion, down 22.97% from the prior year.
  • Operating Income was $3.6 billion for Q4 2023 at Royal Bank Of Canada, up from $2.9 billion in the prior quarter.
  • The five-year high for Operating Income was $4.3 billion in Q1 2022, with the low at $2.9 billion in Q3 2023.
  • Average Operating Income over 5 years is $3.6 billion, with a median of $3.5 billion recorded in 2020.
  • The sharpest annual moves came in 2021 and 2023: Operating Income jumped 31.82% in 2021, then slipped 27.81% in 2023.
  • Over 5 years, Operating Income stood at $3.3 billion in 2019, then grew by 4.08% to $3.5 billion in 2020, then grew by 9.49% to $3.8 billion in 2021, then climbed by 4.21% to $3.9 billion in 2022, then slipped by 8.9% to $3.6 billion in 2023.
  • The last three Operating Income figures came in at $3.6 billion (Q4 2023), $2.9 billion (Q3 2023), and $3.0 billion (Q2 2023), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Bank Of America 2,145.36 Bn 1,556.87 Bn 30.39 Bn 11.77 Bn
2 Morgan Stanley 335.03 Bn 174.89 Bn - -
3 Goldman Sachs 309.45 Bn -666.90 Bn - -
4 Mitsubishi Ufj Financial 296.69 Bn -87.63 Bn 10.89 Bn 5.11 Bn
5 Royal Bank Of Canada 291.49 Bn 64.61 Bn - -
6 Wells Fargo & Company 272.88 Bn 68.91 Bn - -
7 American Express 218.59 Bn 169.28 Bn 17.99 Bn 3.51 Bn
8 Banco Santander 214.76 Bn 222.37 Bn 28.01 Bn 10.44 Bn
9 Toronto Dominion Bank 205.88 Bn 44.55 Bn - 757.36 Mn
10 Schwab Charles 185.06 Bn 111.46 Bn - -
Historic Data

Historic Data

Download Data
DateValue
Oct 31, 2023 3.60 Bn
Jul 31, 2023 2.87 Bn
Apr 30, 2023 2.99 Bn
Jan 31, 2023 3.13 Bn
Oct 31, 2022 3.95 Bn
Jul 31, 2022 3.81 Bn
Apr 30, 2022 3.64 Bn
Jan 31, 2022 4.34 Bn
Oct 31, 2021 3.79 Bn
Jul 31, 2021 4.10 Bn
Apr 30, 2021 4.04 Bn
Jan 31, 2021 3.88 Bn
Oct 31, 2020 3.46 Bn
Jul 31, 2020 3.48 Bn
Apr 30, 2020 3.07 Bn
Jan 31, 2020 3.68 Bn
Oct 31, 2019 3.32 Bn
Jul 31, 2019 3.39 Bn
Apr 30, 2019 3.32 Bn
Jan 31, 2019 3.35 Bn