Wealth Management was Royal Bank Of Canada’s largest segment in fiscal 2025, bringing in $22.38B of $66.61B (34%).
| Segment | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Personal & Commercial Banking | $20.14B | — | — | — | |||||
| Personal Banking | — | $15.47B | $17.34B | $19.85B | |||||
| Wealth Management | $16.24B | $18.16B | $19.63B | $22.38B | |||||
| Capital Markets | $9.95B | $11.05B | $12.01B | $14.43B | |||||
| Commercial Banking | — | $6.03B | $7.38B | $8.56B | |||||
| Insurance | $3.51B | $1.01B | $1.22B | $1.32B | |||||
| Investor & Treasury Services | — | — | — | — | |||||
| Unallocated Amounts | -$860.00M | -$261.00M | -$242.00M | $64.00M | |||||
| Total | $48.99B | $51.46B | $57.34B | $66.61B |
Royal Bank Of Canada brought in $66.61B from its six segments in fiscal 2025, the year ended October 31, 2025. That was up 16.1% from $57.34B in fiscal 2024. Wealth Management was the largest at $22.38B (33.6%), ahead of Personal Banking at $19.85B (29.8%) and Capital Markets at $14.43B (21.7%). The other three segments brought in $9.95B combined.
Compared with fiscal 2024, Capital Markets grew fastest, up 20.1% to $14.43B. Every segment above 2% of revenue grew.
Royal Bank Of Canada began breaking out Personal Banking in fiscal 2023 and Commercial Banking in fiscal 2023. Royal Bank Of Canada stopped reporting Personal & Commercial Banking as a separate segment after fiscal 2022, when it brought in $20.14B.
Canada was Royal Bank Of Canada’s largest region in fiscal 2025, bringing in $41.86B of $66.61B (63%).
| Geography | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Canada | $29.27B | $30.99B | $35.85B | $41.86B | |||||
| United States | $11.79B | $13.63B | $15.03B | $17.20B | |||||
| Other International | $7.93B | $6.84B | $6.46B | $7.54B | |||||
| Total | $48.99B | $51.46B | $57.34B | $66.61B |
Royal Bank Of Canada brought in $66.61B from its three regions in fiscal 2025, the year ended October 31, 2025. That was up 16.1% from $57.34B in fiscal 2024. Canada was the largest at $41.86B (62.8%), ahead of United States at $17.20B (25.8%) and Other International at $7.54B (11.3%).
Compared with fiscal 2024, Canada grew fastest, up 16.8% to $41.86B. Every region above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these regions grew from $48.99B to $66.61B, a compound annual growth rate of 10.8%. Canada's share of the total rose from 59.8% to 62.8%.
Royal Bank Of Canada (RY) reports its revenue by segment and by geography. In fiscal 2025, Wealth Management was its largest segment, bringing in $22.38B (33.6% of the total), followed by Personal Banking at $19.85B (29.8%).
Wealth Management was Royal Bank Of Canada's largest segment in fiscal 2025, bringing in $22.38B, or 33.6% of the $66.61B total across its six segments.
Canada was Royal Bank Of Canada's largest region in fiscal 2025, bringing in $41.86B, or 62.8% of the $66.61B total across its three regions.
Among Royal Bank Of Canada's segments that make up at least 2% of revenue, Capital Markets grew fastest in fiscal 2025, up 20.1% from $12.01B to $14.43B.
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 segment 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.