NYSE$RY
Royal Bank of Canada · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
Royal Bank of Canada reported Q2 2026 net income of C$5.5B on C$17.5B revenue, with diluted EPS of C$3.85.
For the quarter ended April 30, 2026, RBC earned C$5.5 billion net income (up 25% year over year) on total revenue of C$17.5 billion (up 11%). Diluted EPS was C$3.85 versus C$3.02 a year ago; adjusted diluted EPS was C$3.90. The bank returned C$4.0 billion of capital in the quarter, raised its quarterly dividend to C$1.76, and announced a normal course issuer bid for up to 45 million shares.
- Net income of C$5.5B (+25% YoY) and total revenue of C$17.5B (+11% YoY) for the three months ended April 30, 2026.
- Diluted EPS was C$3.85 (+27% YoY); adjusted diluted EPS was C$3.90 (+25% YoY).
- Return on equity was 17.2% with a CET1 ratio of 13.5%; total PCL fell to C$912M from C$1.42B a year ago.
- Capital Markets net income reached a record C$1.5B; the bank increased its dividend to C$1.76 and authorized repurchases of up to 45M shares.
Headline financials
Revenue & EPS history
RBC · Revenue · Quarterly
C$17.5B
Revenue by segment
RBC · C$5.61B total across 5 segments · Q2 2026
- Personal BankingC$1.87B+16.7%33.3%
- Capital MarketsC$1.48B+23.5%26.4%
- Wealth ManagementC$1.19B+27.6%21.1%
- Commercial BankingC$854M+43.0%15.2%
- InsuranceC$218M+3.3%3.9%
Forward guidance
Management did not issue quantitative revenue or EPS targets for upcoming quarters. The bank declared a C$1.76 quarterly dividend (up C$0.12) and announced a normal course issuer bid to repurchase up to 45 million common shares, subject to TSX and OSFI approval.
Tailwinds
- Quarterly dividend increased 7% to C$1.76 per share.
- Normal course issuer bid for up to 45 million shares (~3% of outstanding common shares).
- CET1 ratio of 13.5% supports continued growth and capital returns.
Headwinds
- Net income down 5% sequentially on seasonality and three fewer days in the quarter.
- Wealth Management net income down 8% quarter over quarter on seed capital marks and seasonally lower performance fees.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2026
+0.3%
Avg return
Earnings day
+0.3%
Avg return
5 days after
-0.3%
Avg return
30 days after
57%
37 / 65 earnings
Positive
+5.5%
Q3 2025
Best reaction
-7.4%
Q4 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -0.1% | +1.1% | — | |
| Q1 2026 | -2.2% | -4.5% | -8.9% | |
| Q4 2025 | +1.5% | +5.8% | +10.6% | |
| Q3 2025 | +5.5% | +5.6% | +6.1% | |
| Q2 2025 | -3.1% | -1.1% | +0.6% | |
| Q1 2025 | -3.6% | -5.8% | -6.1% | |
| Q4 2024 | +0.5% | +1.0% | -3.5% | |
| Q3 2024 | +2.1% | +3.8% | +6.8% | |
| Q2 2024 | +5.4% | +4.5% | +3.4% | |
| Q1 2024 | +0.2% | +0.3% | +4.1% | |
| Q4 2023 | +4.3% | +4.5% | +15.8% | |
| Q3 2023 | +0.1% | +1.8% | +0.3% | |
| Q2 2023 | -0.8% | -0.6% | +1.8% | |
| Q1 2023 | -1.2% | -0.7% | -5.8% | |
| Q4 2022 | +1.9% | -0.2% | -4.5% | |
| Q3 2022 | -0.2% | -1.4% | -6.9% | |
| Q2 2022 | +2.7% | +4.1% | -3.9% | |
| Q1 2022 | +0.5% | -1.9% | +3.1% | |
| Q4 2021 | +1.1% | +2.2% | +7.2% | |
| Q3 2021 | -0.3% | -0.7% | -3.5% | |
| Q2 2021 | +1.3% | +1.6% | -0.1% | |
| Q1 2021 | -1.5% | -2.4% | +4.7% | |
| Q4 2020 | -0.5% | -0.1% | -0.7% | |
| Q3 2020 | +2.1% | +0.2% | -7.1% | |
| Q2 2020 | +3.9% | +5.6% | +4.5% | |
| Q1 2020 | +0.0% | -4.1% | -33.0% | |
| Q4 2019 | -1.5% | -2.2% | -1.6% | |
| Q3 2019 | +0.3% | -0.8% | +9.2% | |
| Q2 2019 | -1.4% | -2.0% | +1.4% | |
| Q1 2019 | +0.4% | +1.5% | -1.6% | |
| Q4 2018 | +2.5% | +2.7% | -5.1% | |
| Q3 2018 | +1.1% | +2.2% | +2.7% | |
| Q2 2018 | -3.6% | -5.6% | -3.2% | |
| Q1 2018 | +0.5% | -2.0% | -4.3% | |
| Q4 2017 | -0.1% | +1.8% | +4.2% | |
| Q3 2017 | +1.4% | +1.7% | +4.5% | |
| Q2 2017 | +0.8% | +0.3% | +2.6% | |
| Q4 2016 | -2.4% | -1.1% | +1.0% | |
| Q3 2016 | -1.0% | -1.3% | -2.9% | |
| Q2 2016 | +1.6% | -1.1% | -2.5% | |
| Q1 2016 | -1.1% | — | — | |
| Q4 2015 | -0.7% | — | — | |
| Q3 2015 | +3.5% | — | — | |
| Q2 2015 | -0.8% | — | — | |
| Q1 2015 | +2.6% | — | — | |
| Q4 2014 | -0.8% | — | — | |
| Q3 2014 | -1.8% | — | — | |
| Q2 2014 | +0.1% | — | — | |
| Q1 2014 | -1.2% | — | — | |
| Q4 2013 | +0.9% | — | — | |
| Q3 2013 | -2.0% | — | — | |
| Q2 2013 | +0.3% | — | — | |
| Q1 2013 | +0.4% | — | — | |
| Q4 2012 | +1.4% | — | — | |
| Q3 2012 | -1.5% | — | — | |
| Q2 2012 | -0.8% | — | — | |
| Q1 2012 | +1.9% | — | — | |
| Q4 2011 | -7.4% | — | — | |
| Q3 2011 | +0.5% | — | — | |
| Q2 2011 | -0.2% | — | — | |
| Q1 2011 | +2.8% | — | — | |
| Q4 2010 | +0.1% | — | — | |
| Q3 2010 | +1.9% | — | — | |
| Q2 2010 | -0.4% | — | — | |
| Q1 2010 | +1.3% | — | — | |
| Q4 2009 | — | — | — | |
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