RY stock holds steady as RBC reports 2025 record profit

RY stock reflects Royal Bank of Canada after fiscal 2025 net income reached CAD 20.4 billion and diluted EPS rose to CAD 14.12.

Royal Bank of Canada (ISIN CA7800871021) reported fiscal 2025 net income of CAD 20.4 billion and adjusted diluted EPS of CAD 14.12, two figures that set the tone for RY stock. The bank said those results were up from CAD 14.6 billion and CAD 9.98 a year earlier, according to its latest investor-relations materials dated 19 July 2026.

CAD 20.4 billion profit

The fiscal 2025 net income figure of CAD 20.4 billion compares with CAD 14.6 billion in fiscal 2024, a difference of CAD 5.8 billion. That is a year-over-year increase of about 39.7%, while adjusted diluted EPS moved from CAD 9.98 to CAD 14.12, or 41.7% higher, according to the same investor-relations update.

For investors, those numbers matter because they combine earnings growth with a clear per-share improvement. The bank also reported a return on equity of 16.3% for fiscal 2025 versus 13.7% in fiscal 2024, showing that profitability improved on a capital basis as well.

Revenue and margins improved

Total revenue for fiscal 2025 reached CAD 59.8 billion, up from CAD 47.2 billion in fiscal 2024. That is a rise of CAD 12.6 billion, or 26.7%, which is the kind of top-line expansion that helps explain the stronger bottom line.

Provision for credit losses was CAD 3.2 billion in fiscal 2025, compared with CAD 2.5 billion a year earlier. The increase suggests the bank kept more balance-sheet caution in place even as revenue and earnings moved higher, a useful detail for assessing the quality of the result.

Capital base stayed large

RBC ended fiscal 2025 with a CET1 ratio of 13.2%, compared with 13.0% in fiscal 2024. The change is modest, but it shows the bank remained above common regulatory minimums while still expanding earnings.

The bank also reported a common-equity dividend of CAD 5.04 per share for fiscal 2025, up from CAD 4.68 in fiscal 2024. That 7.7% increase adds another measurable point to the picture and helps frame the stock as a dividend-backed banking name rather than only a growth story.

Wealth and capital markets

Within the bank, wealth management contributed to the 2025 result with revenue of CAD 14.7 billion, while capital markets generated CAD 12.3 billion. Those divisions remain important to the earnings mix because they help offset pressure that can emerge in spread-lending businesses when rate conditions change.

RY stock is also supported by the scale of the franchise. Royal Bank of Canada is one of the largest financial institutions in Canada, and its fiscal 2025 results reinforce that size advantage with multi-line earnings growth rather than a single-source spike.

Fiscal 2025 earnings

In business-line terms, personal and commercial banking produced CAD 24.1 billion of revenue in fiscal 2025, while insurance added CAD 5.5 billion. Those figures show the benefit of RBC's diversified model, with several units contributing meaningful revenue rather than one segment carrying the quarter or year.

That mix matters because the bank's earnings quality depends not only on the absolute profit number but also on how broadly it is generated across retail, wealth, capital markets, and insurance.

Stock and venue

RY stock closes this update with the latest reported fiscal 2025 operating profile rather than a fresh quote, and the key reference point is the bank's full-year earnings strength. On the Toronto Stock Exchange, Royal Bank of Canada shares are denominated in CAD and remain anchored to the institution's fiscal 2025 results published in its investor-relations material.

Royal Bank of Canada at a glance

• Company: Royal Bank of Canada
• ISIN: CA7800871021
• Ticker: TSX: RY
• Trading venue: Toronto Stock Exchange
• Sector / Industry: Financials / Diversified Banks
• Index membership: S&P/TSX 60