Royal Bank of Canada Posts Record Earnings, Up 11% Year Over Year

Royal Bank of Canada (TSX:RY) reported record earnings of $6 billion in Q3 2026, up 11% year over year. The growth was driven by a 9% increase in revenue and improved cost efficiency.

The bank's diversified business model, strong client activity, and favorable market conditions all contributed to the strong results. Dave Mackay, President and CEO, stated that the combination of these factors 'continues to generate sustainable, long-term shareholder value.'

The company maintained a robust Common Equity Tier 1 ratio of 13.5% and achieved a premium return on equity of nearly 18%. Royal Bank of Canada also continued to return capital to its shareholders, with a total payout ratio increasing to 69%.