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Royal Bank Of Canada (RY) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 27, 2026

Before Open (Confirmed)

Period Ending

2026 (Q3)

Consensus EPS Forecast

4.03

Last Year’s EPS

3.84

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 11 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Feb 26, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented a strong set of financial results with multiple record outcomes—earnings, revenue, Wealth and Capital Markets performance—robust profitability (ROE ~17.6%), solid capital (CET1 13.7%) and active share buybacks. Growth in fee-based businesses and AUA/AUM expansion underpin durable revenue streams. Offsetting these positives were higher provisions in pockets of the wholesale and retail portfolios, a rise in gross impaired loans, a one-time-related drop in insurance income, modest margin headwinds from PPA roll-off, and continued regional housing and trade-related loan growth pressures. Management reiterated disciplined capital allocation, mid-single-digit NII guidance (ex-trading), mid-single-digit expense growth, and confidence in AI and other investments to drive future productivity. Overall, the positives (record results, strong capital and profitability, wealth and markets momentum, and buybacks) materially outweigh the contained credit and margin headwinds.

Company Guidance

Management's 2026 guidance highlighted mid‑single‑digit growth in all‑bank net interest income (ex‑trading), with the bulk of the remaining $80m PPA accretion rolling off next quarter (≈ a 4‑bp headwind to Canadian banking NIM); all‑bank NIM was down 7 bps QoQ (ex‑trading NIM +1 bp QoQ) and Canadian banking NIM would have been ~+2 bps excluding the PPA effect. They reiterated low‑ to mid‑single‑digit mortgage growth and commercial loan growth nearer the lower end of mid‑ to high‑single‑digits, expect all‑bank expense growth in the mid‑single‑digit range while still delivering positive all‑bank operating leverage (1–2% for Canadian Banking), see the adjusted non‑TEB effective tax rate moving toward the higher end of the 21–23% band over the next 12 months, expect corporate support losses to trend to the lower end of $100–150m/quarter, foresee a modest ~10‑bp negative CET1 impact next quarter from retail capital parameter changes, and reiterated that full‑year 2026 provisions on impaired loans should remain within prior guidance; they also noted roughly $1bn annual technology/safety spend and continued capital returns (Q1 buybacks ≈4.2m shares / ~$1bn).

Record earnings and revenue

Reported record earnings of $5.8 billion and adjusted earnings of $5.9 billion; pre-provision pretax earnings nearly $8.5 billion (up 14% year-over-year) and record revenue of nearly $18 billion. Diluted EPS $4.03 and adjusted diluted EPS $4.08 (up 13% year-over-year).

Strong profitability and capital metrics

Return on equity of 17.6% and return on assets ~90 basis points; common equity Tier 1 (CET1) ratio 13.7% (up 20 basis points quarter-over-quarter) with 79 basis points of internal capital generation; retained earnings grew 9%.

Shareholder returns and capital discipline

Repurchased over 4 million shares (approximately $1 billion) in the quarter and reiterated progressive dividend policy and disciplined approach to buybacks and acquisitions.

Wealth Management outperformance and asset growth

Wealth Management generated >$6 billion revenue, $1.7 billion pre-provision pretax earnings and $1.3 billion net income (net income up 32% year-over-year). Canadian Wealth AUA up 13% year-over-year (surpassing $1 trillion); U.S. Wealth AUA up 12% to USD 777 billion; RBC GAM AUM up 11% to $796 billion. Strong net new assets and adviser recruitment.

Record Capital Markets quarter

Capital Markets revenue of $4.0 billion, pre-provision pretax earnings $1.9 billion (record), and net income $1.5 billion; Global Markets revenue $2.2 billion and Corporate & Investment Banking lending average loans up 8% year-over-year.

Personal and Commercial Banking momentum

Personal Banking net income ~ $2.0 billion (up 18% year-over-year), revenue up 9% and net interest income up 10%; operating leverage 9%. Commercial Banking net income $863 million (up 11% year-over-year) with loan growth 4% and deposits up 5% year-over-year.

Net interest income and operating leverage

All-bank net interest income up 8% year-over-year (7% excluding trading); adjusted all-bank operating leverage of 4.3% and reported operating leverage of 5% across the franchise.

U.S. franchise improvement

City National earnings more than doubled year-over-year; City National net income USD 143 million this quarter; U.S. regional net income USD 716 million (up 2% year-over-year). Management highlights City National as meeting/exceeding Investor Day targets.

Royal Bank Of Canada (TSE:RY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:RY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 27, 2026	2026 (Q3)	4.03 / -	3.84	―	―	―
Feb 26, 2026	2026 (Q1)	3.85 / 4.08	3.62	12.71% (+0.46)
Dec 03, 2025	2025 (Q4)	3.54 / 3.85	3.07	25.41% (+0.78)
Dec 03, 2025	2026 (Q2)	3.80 / 3.90	3.12	25.00% (+0.78)		―
Aug 27, 2025	2025 (Q3)	3.31 / 3.84	3.26	17.79% (+0.58)
May 29, 2025	2025 (Q2)	3.18 / 3.12	2.92	6.85% (+0.20)
Feb 27, 2025	2025 (Q1)	3.25 / 3.62	2.85	27.02% (+0.77)
Dec 04, 2024	2024 (Q4)	3.01 / 3.07	2.78	10.43% (+0.29)
Aug 28, 2024	2024 (Q3)	2.96 / 3.26	2.84	14.79% (+0.42)
May 30, 2024	2024 (Q2)	2.75 / 2.92	2.65	10.19% (+0.27)

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

TSE:RY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 26, 2026	C$235.60	C$230.56	-2.14%
Dec 03, 2025	C$213.23	C$215.62	+1.12%
Dec 03, 2025	C$213.23	C$215.62	+1.12%
Aug 27, 2025	C$186.37	C$195.84	+5.08%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.