Wealth Management was the largest of Royal Bank Of Canada’s 4 reported lines in fiscal 2025, at $89.51B — 48% of $186.75B.
| Segments [axis] | FY 2017 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Personal &Amp; Commercial Banking | $80.57B | — | — | ||||
| Personal Banking | — | $69.37B | — | ||||
| Wealth Management | $64.97B | $78.50B | $89.51B | ||||
| Capital Markets | $39.80B | $48.05B | $57.70B | ||||
| Commercial Banking | — | $29.53B | $34.25B | ||||
| Insurance | $14.04B | $4.90B | $5.28B | ||||
| Investor &Amp; Treasury Services | — | — | — | ||||
| Total | $199.38B | $230.34B | $186.75B |
In fiscal 2025, which ended October 31, 2025, the 4 segments Royal Bank Of Canada reported in this breakdown added up to $186.75B. The segments reported changed from fiscal 2024, so the total is not directly comparable with the $230.34B reported that year. Wealth Management was the largest segment, at $89.51B or 47.9% of the total, followed by Capital Markets ($57.70B, 30.9%) and Commercial Banking ($34.25B, 18.3%). Together, the two largest segments made up 78.8% of this total.
Compared with fiscal 2024, Capital Markets grew the fastest, rising 20.1% to $57.70B. Every sizeable segment reported in both years grew. Because segments were added or dropped between the two years, part of this reflects how Royal Bank Of Canada regrouped its reporting.
Commercial Banking was first reported as a separate segment in fiscal 2024. The table also keeps 3 segments that Royal Bank Of Canada no longer reports, so earlier years can still be read on their original basis; use "Show 3 discontinued" beneath the table to see them. This breakdown covers 7 fiscal years between 2017 and 2025, as reported in Royal Bank Of Canada's annual filings.
Canada was the largest of Royal Bank Of Canada’s 3 reported lines in fiscal 2024, at $143.39B — 63% of $229.38B.
| Geography | FY 2017 | FY 2018 | FY 2020 | FY 2021 | FY 2022 | FY 2024 |
|---|---|---|---|---|---|---|
| Canada | $117.60B | $117.08B | $143.39B | |||
| United States | $50.12B | $47.15B | $60.14B | |||
| Other International | $31.05B | $31.72B | $25.85B | |||
| Total | $198.77B | $195.94B | $229.38B |
In fiscal 2024, which ended October 31, 2024, the 3 regions Royal Bank Of Canada reported in this breakdown added up to $229.38B. That was up 17.1% from $195.94B in fiscal 2022, the latest earlier year this breakdown was reported. Canada was the largest region, at $143.39B or 62.5% of the total, followed by United States ($60.14B, 26.2%) and Other International ($25.85B, 11.3%). Together, the two largest regions made up 88.7% of this total.
Compared with fiscal 2022, the latest earlier year reported, United States grew the fastest, rising 27.5% to $60.14B. Other International fell the most, down 18.5% to $25.85B. Over fiscal 2021 to 2024, revenue across these regions went from $198.77B to $229.38B, a compound annual growth rate of 4.9%. Canada's share of the total rose from 59.2% to 62.5% over the same years.
This breakdown covers 6 fiscal years between 2017 and 2024, as reported in Royal Bank Of Canada's annual filings.
Royal Bank Of Canada (RY) breaks its revenue down by segment and region. In fiscal 2025, its largest segment was Wealth Management, with $89.51B or 47.9% of the total, followed by Capital Markets at $57.70B (30.9%).
Wealth Management was Royal Bank Of Canada's largest segment in fiscal 2025, with $89.51B in revenue, 47.9% of the $186.75B reported across its 4 segments.
Canada was Royal Bank Of Canada's largest region in fiscal 2024, with $143.39B in revenue, 62.5% of the $229.38B reported across its 3 regions.
Every figure is taken from Royal Bank Of Canada's annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by segment covers fiscal 2017 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.