Royal Bank of Canada Past Earnings Performance

Past criteria checks 3/6

Royal Bank of Canada has been growing earnings at an average annual rate of 5.5%, while the Banks industry saw earnings growing at 5.7% annually. Revenues have been growing at an average rate of 4.7% per year. Royal Bank of Canada's return on equity is 13.1%, and it has net margins of 28.1%.

Key information

5.5%

Earnings growth rate

6.2%

EPS growth rate

Banks Industry Growth	6.2%
Revenue growth rate	4.7%
Return on equity	13.1%
Net Margin	28.1%
Next Earnings Update	30 May 2024

Recent past performance updates

Recent updates

We Think Some Shareholders May Hesitate To Increase Royal Bank of Canada's (TSE:RY) CEO Compensation

Apr 05

Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.38

Jan 12

Royal Bank of Canada's (TSE:RY) Upcoming Dividend Will Be Larger Than Last Year's

Jan 20

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.32

Dec 28

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.32

Dec 03

Here's Why We Think Royal Bank of Canada (TSE:RY) Is Well Worth Watching

Dec 01

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.28

Jul 14

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.28

Jun 23

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.28

Jun 02

Revenue & Expenses Breakdown
Beta

How Royal Bank of Canada makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:RY Revenue, expenses and earnings (CAD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Jan 24	53,508	15,058	27,131
31 Oct 23	53,661	14,623	26,480
31 Jul 23	51,804	14,289	25,796
30 Apr 23	49,723	13,994	24,467
31 Jan 23	48,365	14,595	23,538
31 Oct 22	48,501	15,547	22,774
31 Jul 22	48,918	15,557	22,219
30 Apr 22	50,422	16,277	22,362
31 Jan 22	50,574	16,033	22,421
31 Oct 21	50,446	15,781	22,391
31 Jul 21	48,508	15,135	21,965
30 Apr 21	47,457	14,030	21,905
31 Jan 21	43,246	11,512	21,374
31 Oct 20	42,830	11,164	21,138
31 Jul 20	43,036	11,128	21,247
30 Apr 20	41,910	11,193	20,843
31 Jan 20	45,480	12,934	20,844
31 Oct 19	44,138	12,591	20,407
31 Jul 19	43,583	12,630	20,115
30 Apr 19	43,143	12,464	19,982
31 Jan 19	41,850	12,282	19,613
31 Oct 18	41,269	12,115	19,355
31 Jul 18	41,242	11,696	19,114
30 Apr 18	40,331	11,372	18,918
31 Jan 18	40,661	11,117	18,795
31 Oct 17	39,519	11,128	18,577
31 Jul 17	38,527	10,829	18,418
30 Apr 17	38,696	10,923	17,996
31 Jan 17	37,652	10,685	17,678
31 Oct 16	37,249	10,111	17,406
31 Jul 16	35,677	10,168	16,776
30 Apr 16	34,298	9,766	16,449
31 Jan 16	33,780	9,706	16,315
31 Oct 15	34,205	9,734	16,090
31 Jul 15	34,517	9,491	15,862
30 Apr 15	34,666	9,389	15,746
31 Jan 15	34,150	9,086	15,381
31 Oct 14	32,844	8,697	15,118
31 Jul 14	32,492	8,441	15,029
30 Apr 14	30,686	8,341	14,658
31 Jan 14	30,084	8,039	14,489
31 Oct 13	29,445	7,991	14,113
31 Jul 13	28,996	7,798	14,053
30 Apr 13	29,527	7,753	13,825

Quality Earnings: RY has high quality earnings.

Growing Profit Margin: RY's current net profit margins (28.1%) are lower than last year (30.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: RY's earnings have grown by 5.5% per year over the past 5 years.

Accelerating Growth: RY's earnings growth over the past year (3.2%) is below its 5-year average (5.5% per year).

Earnings vs Industry: RY earnings growth over the past year (3.2%) exceeded the Banks industry 0.5%.

Return on Equity

High ROE: RY's Return on Equity (13.1%) is considered low.

Return on Assets

Return on Capital Employed

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Royal Bank of Canada Past Earnings Performance

Past criteria checks 3/6

Key information

Recent past performance updates

First quarter 2024 earnings: EPS misses analyst expectations

Royal Bank of Canada to Report Q2, 2024 Results on May 30, 2024

Royal Bank of Canada to Report Q1, 2024 Results on Feb 28, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Recent updates

Upcoming dividend of CA$1.38 per share

Insider exercised options and sold CA$2.3m worth of stock

We Think Some Shareholders May Hesitate To Increase Royal Bank of Canada's (TSE:RY) CEO Compensation

Royal Bank of Canada (TSX:RY) completed the acquisition of HSBC Bank Canada from HSBC Overseas Holdings (UK) Limited.

First quarter dividend of CA$1.38 announced

New minor risk - Shareholder dilution

First quarter 2024 earnings: EPS misses analyst expectations

Royal Bank of Canada Declares Quarterly Common Share Dividend, Payable on and After May 24, 2024

Royal Bank of Canada to Report Q2, 2024 Results on May 30, 2024

Royal Bank of Canada to Report Q1, 2024 Results on Feb 28, 2024

Royal Bank of Canada Appoints Amanda Norton to its Board of Directors

Upcoming dividend of CA$1.38 per share at 4.2% yield

Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.38

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.38

Royal Bank of Canada Declares an Increase to its Quarterly Common Share Dividend, Payable on and After February 23, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Autorite Des March Finciers Reaches Agreement with the Royal Bank of Canada

Upcoming dividend of CA$1.35 per share at 4.7% yield

Royal Bank of Canada Announces Management Changes

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Royal Bank of Canada, Annual General Meeting, Apr 11, 2024

Royal Bank of Canada Provides Earnings Guidance for the Year 2023

Upcoming dividend of CA$1.35 per share at 4.2% yield

Royal Bank of Canada's (TSE:RY) Dividend Will Be Increased To CA$1.35

Royal Bank of Canada Appoints Barry Perry to its Board of Directors, Effective August 1, 2023

Standard Chartered Bank Zambia Plc (LUSE:SCBL) completed the acquisition of RBC Investor Services Trust Hong Kong Limited from Royal Bank of Canada (TSX:RY)

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

President exercised options and sold CA$243k worth of stock

President exercised options and sold CA$265k worth of stock

Now 20% undervalued after recent price drop

Upcoming dividend of CA$1.32 per share at 4.0% yield

Group Head of Technology & Operations exercised options and sold CA$599k worth of stock

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.32

President exercised options and sold CA$253k worth of stock

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 21% undervalued

President exercised options and sold CA$280k worth of stock

Royal Bank of Canada (TSX : RY) acquired OJO Canada from OJO Holdings Corp.

President exercised options and sold CA$271k worth of stock

Royal Bank of Canada's (TSE:RY) Upcoming Dividend Will Be Larger Than Last Year's

Royal Bank of Canada to Report Q4, 2023 Results on Nov 30, 2023

Upcoming dividend of CA$1.32 per share

Now 20% undervalued

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.32

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.32

Royal Bank of Canada to Appoints Jacynthe Côté as Chair of the Board

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Royal Bank of Canada Declares Dividends Payable on and After February 24, 2023

Here's Why We Think Royal Bank of Canada (TSE:RY) Is Well Worth Watching

Royal Bank of Canada (TSX:RY) entered into an agreement to acquire from HSBC Overseas Holdings (UK) Limited for CAD 13.5 billion .

President exercised options and sold CA$300k worth of stock

Rbc Launches Swift Go, A New Way to Make Fast, Secure, Cost-Effective Cross-Border Payments

Upcoming dividend of CA$1.28 per share

Royal Bank of Canada (TSX:RY) acquired MDBilling.ca.

Royal Bank of Canada Appoints Jason Gurandiano as Head of US Technology Banking

Royal Bank of Canada (TSX:RY) completed the acquisition of Brewin Dolphin Holdings PLC (LSE:BRW).

Royal Bank of Canada (TSX:RY) completed the acquisition of Brewin Dolphin Holdings PLC (LSE:BRW).

President exercised options and sold CA$271k worth of stock

Royal Bank of Canada, Annual General Meeting, Apr 05, 2023

President exercised options and sold CA$279k worth of stock

Royal Bank of Canada Declares Quarterly Common Share Dividend, Payable on and After November 24, 2022

Third quarter 2022 earnings: EPS misses analyst expectations

President exercised options and sold CA$268k worth of stock

Upcoming dividend of CA$1.28 per share

Royal Bank of Canada Appoints Mirko Bibic to Its Board of Directors, Effective August 1, 2022 and Join the Risk and Governance Committees

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.28

Group Head of Technology & Operations exercised options and sold CA$633k worth of stock

President exercised options and sold CA$276k worth of stock

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.28

Revenue & Expenses Breakdown
Beta