Wealth Management was Royal Bank Of Canada’s largest segment in fiscal 2025, bringing in $89.51B of $186.75B (48%).
| 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 |
Royal Bank Of Canada brought in $186.75B from its four segments in fiscal 2025, the year ended October 31, 2025. Royal Bank Of Canada regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $230.34B. Wealth Management was the largest at $89.51B (47.9%), ahead of Capital Markets at $57.70B (30.9%) and Commercial Banking at $34.25B (18.3%). The remaining segment, Insurance, brought in $5.28B.
Compared with fiscal 2024, Capital Markets grew fastest, up 20.1% to $57.70B. Every segment above 2% of revenue grew.
Royal Bank Of Canada began breaking out Commercial Banking in fiscal 2024, when it brought in $29.53B. Royal Bank Of Canada stopped reporting Personal &Amp; Commercial Banking ($80.57B in fiscal 2022) and Personal Banking ($69.37B in fiscal 2024) as separate segments.
Canada was Royal Bank Of Canada’s largest region in fiscal 2024, bringing in $143.39B of $229.38B (63%).
| 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 |
Royal Bank Of Canada brought in $229.38B from its three regions in fiscal 2024, the year ended October 31, 2024. That was up 17.1% from $195.94B in fiscal 2022, the previous year with figures. Canada was the largest at $143.39B (62.5%), ahead of United States at $60.14B (26.2%) and Other International at $25.85B (11.3%).
Compared with fiscal 2022, the previous year with figures, United States grew fastest, up 27.5% to $60.14B, while Other International fell the most, down 18.5% to $25.85B. From fiscal 2021 to 2024, combined revenue from these regions grew 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%.
Royal Bank Of Canada (RY) reports its revenue by segments [axis] and by geography. In fiscal 2025, Wealth Management was its largest segment, bringing in $89.51B (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, bringing in $89.51B, or 47.9% of the $186.75B total across its four segments.
Canada was Royal Bank Of Canada's largest region in fiscal 2024, bringing in $143.39B, or 62.5% of the $229.38B total across its three regions.
Every figure comes from Royal Bank Of Canada's annual financial filings, as reported. Each line keeps the name Royal Bank Of Canada gives it, and years follow its fiscal calendar.
Royal Bank Of Canada's revenue by segments [axis] goes back to fiscal 2017, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.