EarningsQ3 2026 Earnings Report
MX:RYN Q3 2026 EPS Results
Actual EPS$54.70
Consensus EPS$52.08
Beat/MissBeat by +$2.62
One Year Ago EPS$49.08
MX:RYN Q3 2026 Revenue Results
Actual Revenue$489.28B
Expected Revenue$232.63B
Beat/MissBeat by +$256.65B
YoY Revenue Growth+11.26%
Earnings Announcement Details
QuarterQ3 2026
Date08/27/2026
TimeBefore Open
Conference CallThursday, August 27, 2026
MX:RYN Upcoming Earnings
Royal Bank Of Canada's next earnings date is estimated for December 3, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
MX:RYN Q3 2026 Earnings Call
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Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive performance: record company-wide earnings, revenue, EPS and multiple segment records (Personal Banking, Commercial Banking, Capital Markets, Wealth Management). Strong deposit growth, capital generation (80 bps), healthy CET1 (13.5%), and active capital returns (dividends and $1.6B buyback) underpin shareholder value. Management highlighted strategic initiatives (AI monetization target and creation of a global transaction banking business) and continued organic growth momentum, particularly in high-return franchises. Offsetting items include localized credit stress (rise in impaired loans and an incremental $120M provision in Capital Markets), a 20% decline in insurance earnings, trading NII headwinds, modest NIM compression and elevated operating expenses leading to negative operating leverage in Canadian Banking this quarter. Overall, the positive operational and financial momentum and robust capital position materially outweigh the contained headwinds.Company Guidance
Record Earnings, Revenue and EPS Growth
Reported record earnings of $6.0 billion, up 11% year-over-year; revenues grew 9% YoY. Diluted EPS $4.23 and adjusted diluted EPS $4.28, up 11% YoY. Adjusted operating leverage 2.4% and adjusted efficiency ratio 52%. Return on equity ~17.9% and book value per share up 10% YoY. Internal capital generation of 80 basis points in the quarter.
Strong Personal Banking Performance
Personal Banking earnings of $1.9 billion with record revenue up 4% YoY. Sequential mortgage growth of 1.8% (highest since HSBC Canada acquisition). Credit card balances increased 7% YoY. Aggregate average retail deposits and mutual fund AUA increased 8% YoY (+$47 billion) with positive net money inflows.
Commercial Banking Records and Deposit Strength
Commercial Banking delivered record net income of $936 million, up 12% YoY, with pre-provision, pre-tax earnings of $1.5 billion. Deposit growth strong at 9% YoY and loan growth 4% YoY (1.2% sequential). Loan-to-deposit ratio improved to 58%.
RBC Capital Markets Momentum
Capital Markets reported record revenue and net income of $1.5 billion (up 16% YoY). Investment banking revenue increased 23% YoY and market share over 12 months rose to 2.1%. Global Markets revenue up 11% YoY and equity financing volumes +40% YoY. Segment ROE 14.5%.
Wealth Management Outperformance
Wealth Management net income $1.4 billion, up 32% YoY, with pretax margin 29.3% (up 4 ppt). Canadian Wealth AUA +20% YoY and U.S. Wealth AUA +14% YoY. RBC Direct Investing trading volumes ~40% YoY increase; GAM AUM +13% YoY; RBC iShares ETF net sales $10 billion in calendar Q2 2026.
Capital Returns and Balance Sheet Health
Deployed 85 basis points of capital in the quarter to grow the business, pay dividends and repurchase stock. Repurchased 5.6 million shares for approx. $1.6 billion. CET1 ratio remained robust at 13.5%; sale of Moneris expected to add ~10 bps to CET1 in Q1 2027.
Strategic Growth Initiatives (AI and GTB)
Announced AI ambition to generate $700 million–$1 billion in enterprise value by end of fiscal 2027. Launched plan to build a global transaction banking (GTB) business leveraging existing platforms (RBC Clear, Edge) and integrated go-to-market; City National Bank net income USD 184 million with loan growth +8% and deposit growth +5% in the quarter.
Prudent Credit Management and Modest Provisions
Performed-loan provisions were small at $21 million (1 basis point) in the quarter. PCL on impaired loans of 35 basis points was up 1 basis point QoQ but described as in line with expectations. Management retained elevated downside weighting in allowance modelling to address trade and geopolitical risks.
MX:RYN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed