← ROYAL BANK OF CANADA

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $40.7b $42.6b $46.0b $47.2b $49.7b $49.0b $56.1b $57.3b $66.6b
Revenue From Interest — $33.0b $41.3b $34.9b $28.1b $40.8b $87.0b $105.0b $103.8b
Additional Financial Items
Applicable Tax Rate — $0 $0 $0 $0 $0 $0 $0 $0
Average Effective Tax Rate — $0 $0 $0 $0 $0 $0 $0 $0
Impairment Loss Recognised In Profit Or Loss Intangible Assets Other Than Goodwill — $6.0m $110.0m $42.0m $29.0m $18.0m $108.0m $68.0m $34.0m
Profit Loss Attributable To Noncontrolling Interests $41.0m $31.0m $11.0m $5.0m $12.0m $13.0m $7.0m $10.0m $7.0m
Profit Loss Attributable To Owners Of Parent $11.4b $12.4b $12.9b $11.4b $16.0b $15.8b $14.9b $16.2b $20.4b
Profit Loss Before Tax $14.7b $15.8b $15.9b $14.4b $20.6b $20.1b $18.5b $19.9b $25.7b
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method $335.0m $21.0m $76.0m $77.0m $130.0m $110.0m ($219.0m) ($16.0m) $73.0m
Tax Rate Effect Of Foreign Tax Rates — ($0) ($0) ($0) ($0) ($0) ($0) ($0) ($0)
Loans $18.7b $21.2b $24.9b $23.4b $21.7b $26.6b $43.5b $54.0b $56.0b
Securities $4.9b $5.7b $6.8b $6.5b $4.9b $7.1b $14.5b $17.7b $20.1b
Assets purchased under reverse repurchase agreements and securities borrowed $3.0b $5.5b $9.0b $4.7b $1.3b $5.4b $22.2b $27.1b $22.4b
Deposits and other $6.6b $9.6b $13.0b $8.8b $5.4b $10.8b $36.7b $47.3b $44.8b
Other liabilities $2.9b $4.9b $8.2b $5.0b $2.5b $7.0b $24.5b $29.0b $25.4b
Subordinated debentures $270.0m $322.0m $365.0m $280.0m $179.0m $288.0m $666.0m $775.0m $637.0m
Net interest income $17.1b $18.2b $19.7b $20.8b $20.0b $22.7b $25.1b $28.0b $33.0b
Insurance service result (Note 15) — — — — — — $703.0m $777.0m $867.0m
Insurance investment result (Note 15) — — — — — — $156.0m $294.0m $284.0m
Trading revenue $806.0m $911.0m $995.0m $1.2b $1.2b $926.0m $2.4b $2.3b $3.1b
Investment management and custodial fees $4.8b $5.4b $5.7b $6.1b $7.1b $7.6b $8.3b $9.3b $10.6b
Mutual fund revenue $3.3b $3.6b $3.6b $3.7b $4.3b $4.3b $4.1b $4.4b $5.1b
Securities brokerage commissions $1.4b $1.4b $1.3b $1.4b $1.5b $1.5b $1.5b $1.7b $1.9b
Service charges $1.8b $1.8b $1.9b $1.8b $1.9b $2.0b $2.1b $2.3b $2.4b
Underwriting and other advisory fees $2.1b $2.1b $1.8b $2.3b $2.7b $2.1b $2.0b $2.7b $2.9b
Foreign exchange revenue, other than trading $974.0m $1.1b $986.0m $1.0b $1.1b $1.0b $1.3b $1.1b $1.3b
Card service revenue $933.0m $1.1b $1.1b $969.0m $1.1b $1.2b $1.2b $1.3b $1.3b
Credit fees $1.4b $1.4b $1.3b $1.3b $1.5b $1.5b $1.5b $1.6b $1.7b
Net gains on investment securities $172.0m $147.0m $125.0m $90.0m $145.0m $43.0m $193.0m $170.0m $120.0m
Income (loss) from joint ventures and associates (Note 12) $335.0m $21.0m $76.0m $77.0m $130.0m $110.0m ($219.0m) ($16.0m) $73.0m
Other $2.2b $2.4b $2.5b $2.3b $2.2b $2.5b $3.2b $3.4b $3.6b
Provision for credit losses (Notes 4 and 5) $1.1b $1.3b $1.9b $4.4b ($753.0m) $484.0m $2.5b $3.2b $4.4b
Human resources (Notes 16 and 20) $13.3b $13.8b $14.6b $15.3b $16.5b $16.5b $19.0b $21.1b $23.1b
Equipment $1.4b $1.6b $1.8b $1.9b $2.0b $2.1b $2.4b $2.5b $2.8b
Occupancy $1.6b $1.6b $1.6b $1.7b $1.6b $1.6b $1.6b $1.8b $1.7b
Communications $1.0b $1.0b $1.1b $989.0m $931.0m $1.1b $1.3b $1.4b $1.5b
Professional fees $1.2b $1.4b $1.3b $1.3b $1.4b $1.5b $2.2b $2.5b $2.2b
Amortization of other intangibles (Note 11) $1.0b $1.1b $1.2b $1.3b $1.3b $1.4b $1.5b $1.5b $1.8b
Income taxes (Note 21) $3.2b $3.3b $3.0b $3.0b $4.6b $4.3b $3.6b $3.6b $5.3b
Shareholders $11.4b $12.4b $12.9b $11.4b $16.0b $15.8b $14.9b $16.2b $20.4b
Non-controlling interests $41.0m $31.0m $11.0m $5.0m $12.0m $13.0m $7.0m $10.0m $7.0m
Dividends per common share (in dollars) $3 $4 $4 $4 $4 $5 $5 $6 $6
Amortization — — — — — $1.4b $1.5b $1.5b —
Amortization Of Intangibles Income Statement — — — — — $1.4b $1.5b $1.5b —
Depreciation Amortization Depletion Income Statement — — — — — $1.4b $1.5b $1.5b —
Depreciation And Amortization In Income Statement — — — — — $1.4b $1.5b $1.5b —
Diluted NI Availto Com Stockholders — — — — — $15.5b $14.4b $15.9b —
Gain On Sale Of Business — — — — — $100.0m $92.0m ($29.0m) —
Gain On Sale Of Security — — — — — $43.0m $193.0m $170.0m —
Impairment Of Capital Assets — — — — — $18.0m $106.0m $68.0m —
Insurance And Claims — — — — $3.9b $1.8b $4.0b — —
Interest Income — — — — — $40.8b $87.0b $105.0b —
Minority Interests — — — — — ($13.0m) ($7.0m) ($10.0m) —
Net Income From Continuing And Discontinued Operation — — — — — $15.8b $14.6b $16.2b —
Net Income From Continuing Operation Net Minority Interest — — — — — $15.8b $14.6b $16.2b —
Normalized Income — — — — — $15.7b $14.9b $17.2b —
Preferred Stock Dividends — — — — — $247.0m $236.0m $322.0m —
Reconciled Depreciation — — — — — $2.7b $2.9b $3.0b —
Restructuring And Mergern Acquisition — — — — — $0 $380.0m $1.1b —
Salaries And Wages — — — — — $16.5b $18.9b $21.1b —
Selling General And Administration — — — — — $18.3b $18.9b $21.1b —
Special Income Charges — — — — — $82.0m ($394.0m) ($1.2b) —
Tax Effect Of Unusual Items — — — — — $17.5m ($77.2m) ($216.2m) —
Tax Provision — — — — — $4.3b $3.6b $3.6b —
Tax Rate For Calcs — — — — — $0 $0 $0 —
Total Unusual Items — — — — — $82.0m ($394.0m) ($1.2b) —
Total Unusual Items Excluding Goodwill — — — — — $82.0m ($394.0m) ($1.2b) —
Income before income taxes $14.7b $15.8b $15.9b $14.4b $20.6b $20.1b $18.5b $19.9b $25.7b
Pre-Tax Income — — — — — $20.1b $18.2b $19.9b —
Net income $11.5b $12.4b $12.9b $11.4b $16.1b $15.8b $14.9b $16.2b $20.4b
Net Income Continuous Operations — — — — — $15.8b $14.6b $16.2b —
Net Income Including Noncontrolling Interests — — — — — $15.8b $14.6b $16.2b —
Basic Earnings (Loss) Per Share $7.59 $8.39 $8.78 $7.84 $11.08 $11.08 $10.51 $11.27 $14.10
Diluted Earnings (Loss) Per Share $7.56 $8.36 $8.75 $7.82 $11.06 $11.06 $10.50 $11.25 $14.07
Current Tax Expense (Income) — $3.4b $3.3b $3.7b $4.9b $4.2b $4.1b $4.8b $5.5b
Deferred Tax Expense (Income) — $201.0m ($156.0m) ($590.0m) ($204.0m) $381.0m ($1.2b) ($1.5b) ($354.0m)
Deferred Tax Expense (Income) Recognised In Profit Or Loss — — $156.0m $590.0m $204.0m ($381.0m) $1.2b $1.5b $354.0m
Depreciation And Amortisation Expense — $1.6b $1.8b $2.6b $2.6b $2.6b $2.8b $2.9b $3.0b
Employee Benefits Expense $13.3b $13.8b $14.6b $15.3b $16.5b $16.5b $19.0b $21.1b $23.1b
Expense From Share-Based Payment Transactions With Employees — $493.0m $1.0b $454.0m $2.0b $333.0m $608.0m $2.8b $2.3b
Expense Relating To Variable Lease Payments Not Included In Measurement Of Lease Liabilities — — — $635.0m $603.0m $571.0m $647.0m $697.0m $726.0m
Professional Fees Expense $1.2b $1.4b $1.3b $1.3b $1.4b $1.5b $2.2b $2.5b $2.2b
Interest Expense — $14.8b $21.6b $14.0b $8.1b $18.1b $61.9b $77.0b $70.8b
Interest Expense On Lease Liabilities — — — $123.0m $110.0m $112.0m — — —
Income Tax Expense Continuing Operations $3.2b $3.3b $3.0b $3.0b $4.6b $4.3b $3.6b $3.6b $5.3b
General And Administrative Expense — — — — — $18.3b $18.9b $21.1b —

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.