YouTube · FY 2026 · 2026-05-15
RY · NYSE
Royal Bank of Canada
Banks - Diversified · Canada
USD 203.30-0.1% daily changeQuote 2026-09-18 · USD
- Market cap (USD)
- US$281.45B
- Trailing P/E
- 17.93x
- Forward P/E
- 15.91x
- Quarterly revenue growth
- 8.9%
- Trailing net margin
- 33.9%
- Indicated dividend yield
- 2.5%
Snapshot 2026-09-20 · Latest financial period 2026-07-31 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-12-03 (provider estimate, not issuer-confirmed).
Company background
Royal Bank of Canada operates as a diversified financial service company worldwide. Its Personal Banking segment offers home equity financing, personal lending, chequing and savings accounts, private banking, auto financing, mutual funds, GICs, credit cards, and payment products and solutions. The company's Commercial Banking segments provides lending, deposit and transaction banking products and services. Its Wealth Management segment provides a suite of wealth, investment, trust, banking, credit, and other solutions to clients; asset management products to institutional and individual clients; and asset and investor services to financial institutions, asset managers, and asset owners. The company's Insurance segment offers life, health, travel, wealth, annuities, property and casualty, and reinsurance advice and solutions; digital platforms; and independent brokers and partners, as well as client-led advice and solutions. The company's Capital Markets segment offers advisory and origination, sales and trading, lending and financing, and transaction banking services to corporations, institutional clients, asset managers, private equity firms, and governments. The company was founded in 1864 and is based in Toronto, Canada.
Company websiteQ2 FY2026
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Comparable businesses
RY peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | RYRoyal Bank of CanadaSnapshot 2026-09-20Financial period: 2026-07-31 | MUFGMitsubishi UFJ Financial Group, Inc.Snapshot 2026-09-20Financial period: 2026-06-30 | TDThe Toronto-Dominion BankSnapshot 2026-09-20Financial period: 2026-07-31 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$281.45B | US$260.35B | US$200.44B | US$230.39Bn=2 |
| Forward P/EProvider forward earnings estimate | 15.91x | 22.46x | 15.29x | 18.87xn=2 |
| Revenue growthLatest quarter vs prior-year quarter | 8.9% | 28.8% | 11.5% | 20.1%n=2 |
| Trailing P/ETrailing twelve-month earnings | 17.93x | 15.22x | 18.31x | 16.76xn=2 |
| Price / bookPrice / positive book equity per share | 2.91x | 1.79x | 2.23x | 2.01xn=2 |
| EV / salesEnterprise value / trailing revenue | — | — | — | — |
| Earnings growthLatest quarter vs prior-year quarter | 12.8% | 50.9% | 45.0% | 48.0%n=2 |
| Gross marginTrailing twelve months | — | — | — | — |
| Net marginTrailing twelve months | 33.9% | 27.4% | 26.6% | 27.0%n=2 |
| Return on equityProvider trailing return; positive equity only | 16.2% | 9.5% | 12.8% | 11.1%n=2 |
| Free cash flow marginTrailing free cash flow / revenue | — | — | — | — |
| Dividend yieldIndicated annual dividend / price | 2.5% | 2.3% | 2.6% | 2.5%n=2 |
| Earnings payoutProvider trailing dividend payout | 41.5% | 35.4% | 46.4% | 40.9%n=2 |
| Current ratioCurrent assets / current liabilities | — | — | — | — |
| BetaProvider historical market sensitivity | 0.92 | 0.32 | 0.87 | 0.59n=2 |
YouTube · FY 2026 · 2026-05-15
YouTube · Q2 FY2026 · 2026-05-30
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
Price history loads separately.
Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for RY
Q2 FY20262026-05-29
RY Stock: HOLD Call - EPS Up 27% YoY After 46% Run Q2 FY2026
Presentation · 2026-05-29 · YouTube