Royal Bank Of Canada key statistics and ratios

In fiscal 2025, Royal Bank Of Canada had return on equity of 15.3%, a net margin of 30.6% and debt equal to 2.0% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Royal Bank Of Canada: financial ratios, annual
Fiscal year	2017Oct 2017	2018Oct 2018	2019Oct 2019	2020Oct 2020	2021Oct 2021	2022Oct 2022	2023Oct 2023	2024Oct 2024	2025Oct 2025
Net margin	28.1%	29.1%	28.0%	24.2%	32.3%	32.2%	28.4%	28.3%	30.6%
Return on equity	15.3%	16.3%	15.6%	13.2%	17.7%	15.5%	13.4%	13.7%	15.3%
Return on assets	0.9%	1.0%	0.9%	0.7%	1.0%	0.9%	0.8%	0.8%	0.9%
Asset turnover	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Debt to equity	0.0%	0.0%	0.0%	0.0%	0.0%	8.9%	3.9%	0.0%	2.0%
Effective tax rate	21.8%	21.1%	19.1%	20.5%	22.2%	21.4%	19.6%	18.2%	20.6%
Dividends ÷ net income	46.5%	45.5%	46.9%	55.4%	40.0%	44.1%	—	—	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: RY vs TD RY vs USB BNS vs RY

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Figures from Royal Bank Of Canada's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Royal Bank Of Canada.