Royal Bank of Canada Earnings Recaps
Q1 2026
Feb 26, 2026
RBC reported record earnings of $5.8 billion for Q1 2026, driven by strong performance across Wealth Management and Capital Markets, despite moderated loan growth in a challenging economic environment.
Key takeaways
- Adjusted earnings reached $5.9 billion, with pre-provision pretax earnings growing 14% year-over-year to nearly $8.5 billion.
- Wealth Management generated over $6 billion in revenue, with assets under administration surpassing $1 trillion for the first time.
- Capital Markets had a record quarter with $4 billion in revenue, fueled by strong client activity in equities and solid origination in corporate and investment banking.
- Return on equity improved to 17.6%, supported by a robust 13.7% common equity Tier 1 ratio and $1 billion in share buybacks.
- Commercial Banking loans increased by 4%, although growth was tempered by tariff-related challenges in certain sectors.
Q4 2025
Dec 5, 2025
RBC delivered record fourth-quarter earnings of $5.4 billion, showcasing strong growth across its diversified business segments and enhanced returns for shareholders.
Key takeaways
- Adjusted EPS rose 25% year-over-year to $3.85, supported by strong operating leverage of 8.5%.
- CET1 ratio improved to 13.5%, bolstered by robust internal capital generation and strategic capital deployment.
- The bank returned $1 billion to shareholders through share buybacks and increased its dividend by 6%.
- Personal Banking and Wealth Management segments reported record revenues, reflecting strong market conditions and client activity.
- The outlook remains cautious but optimistic, amid a complex economic environment influenced by geopolitical factors and consumer behavior trends.