Royal Bank Of Canada (RY) Operating Income (2009 - 2023)

Royal Bank Of Canada (RY) posted quarterly Operating Income of $3.6 billion for Q4 2023, down 8.9% year-over-year from $3.9 billion in Q4 2022, and down 10.22% on a QoQ basis from $4.0 billion in Q3 2023.

Royal Bank Of Canada (RY) Operating Income (2009 - 2023) Analysis & Trends

Royal Bank Of Canada (RY) has reported Operating Income for 15 consecutive years, with $3.6 billion the latest figure, recorded in Q4 2023.

  • In Q4 2023, Operating Income fell 8.9% year-over-year to $3.6 billion; the TTM figure through Oct 2023 stood at $15.8 billion (up 1.03% YoY), while the FY2023 annual figure was $12.3 billion, down 22.97% from the prior year.
  • Operating Income came in at $3.6 billion for Q4 2023 at Royal Bank Of Canada, down from $4.0 billion in the prior quarter.
  • The five-year high for Operating Income was $4.4 billion in Q1 2023, with the low at $3.3 billion in Q4 2019.
  • Average Operating Income over 5 years is $3.8 billion, with a median of $3.8 billion recorded in 2022.
  • Across the five-year window, Operating Income advanced 17.78% in 2021 and retreated 8.9% in 2023, its largest moves.
  • Year by year, Operating Income stood at $3.3 billion in 2019, then rose by 4.08% to $3.5 billion in 2020, then rose by 9.49% to $3.8 billion in 2021, then increased by 4.21% to $3.9 billion in 2022, then declined by 8.9% to $3.6 billion in 2023.
  • According to Business Quant data, Operating Income over the past three periods registered $3.6 billion, $4.0 billion, and $3.8 billion for Q4 2023, Q3 2023, and Q2 2023 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Hsbc Holdings 1,641.64 Bn 1,642.09 Bn - 8.60 Bn
2 Bank Of America 423.61 Bn -183.09 Bn 29.24 Bn 10.70 Bn
3 Wells Fargo & Company 264.70 Bn 189.62 Bn - -
4 Citigroup 256.70 Bn -1,928.30 Bn 19.85 Bn 6.01 Bn
5 UBS Group AG 156.73 Bn 156.73 Bn - -
6 Bank of New York Mellon 100.92 Bn 44.00 Bn - -
7 Jpmorgan Chase 93.06 Bn 120.14 Bn - -
8 Sumitomo Mitsui Financial 92.45 Bn 93.39 Bn - -
9 Bank of N.T. Butterfield & Son 2.40 Bn -454.67 Mn 152.73 Mn 62.22 Mn
10 Royal Bank Of Canada - - - -

Historic Data

Download Data
DateValue
Oct 31, 2023 3.60 Bn
Jul 31, 2023 4.00 Bn
Apr 30, 2023 3.78 Bn
Jan 31, 2023 4.42 Bn
Oct 31, 2022 3.95 Bn
Jul 31, 2022 3.81 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
Oct 31, 2019 3.32 Bn
Oct 31, 2018 3.30 Bn
Oct 31, 2017 3.02 Bn
Apr 30, 2017 2.92 Bn
Jan 31, 2017 3.04 Bn
Oct 31, 2016 3.02 Bn
Oct 31, 2015 2.34 Bn
Oct 31, 2014 2.98 Bn