RBC's Latest 2025 Quarterly Results Show Rising Net Income, Higher Wealth Fees

Editorial Staff

27 August 2025

Royal Bank of Canada has reported record net income of C$5.4 billion for the quarter ended July 31, 2025, rising by 21 per cent from the same period a year earlier.

Diluted earnings per share also rose 21 per cent year-on-year, to C$3.75.

Adjusted net income and adjusted diluted EPS of $5.5 billion and $3.84 were up 17 per cent and 18 per cent, respectively, the Toronto-listed bank, which provides wealth management and private banking among its services, said today.

Shares in RBC are up 10.5 per cent since the start of 2025, quoted at C$190.39 per share. Over 12 months, they’re up almost 22 per cent.

"We saw strong growth across each of our business segments reflecting the strength of our diversified business model, solid capital position, investments in technology and talent, and disciplined approach to risk and expense management,” Dave McKay, president and CEO of RBC, said.

Earnings, before provisions and tax, stood at C$7.8 billion, rising C$1.7 billion or 29 per cent from last year. Along with contributions from areas such as markets and commercial banking, wealth management fed into the result.

RBC said it has a “strong” capital base, with a Common Equity Tier 1 ratio – a standard international benchmark of capital shock absorber – of 13.2 per cent.

Wealth management results
The group said wealth management net income stood at C$1.1 billion, rising 15 per cent on a year earlier, mainly resulting from higher fee-based client assets as markets rose. The net income figure was up 18 per cent from the previous quarter.

Results for the latest quarter also reflected releases of provisions driven by performing loans in US wealth management , as compared with provisions taken last quarter.