Royal Bank of Canada
Banking, wealth management & capital markets · Canada
Royal Bank of Canada is Canada's largest bank, serving more than 19 million clients through personal and commercial banking, one of the world's biggest wealth managers, insurance and a global investment bank.
What makes it different
Wealth management is now its biggest business.
C$5.6TAssets under administrationOct 31, 2025
Wealth Management brings in more revenue than Personal Banking, the branch business RBC is known for.
How big it is
How big is Royal Bank of Canada?
19MClientsFY2025
96,628Employees2025
C$66.6BTotal revenueFY2025
How it makes money FY2025
Wealth and personal banking lead, capital markets next.
- Wealth ManagementC$22.4B
- Personal BankingC$19.9B
- Capital MarketsC$14.4B
- Commercial BankingC$8.6B
- InsuranceC$1.3B
How the business works
Gather deposits, lend, manage the wealth.
- 1Canadian household deposits
- 2Mortgages and business loans
- 3Client wealth worldwide
Wealth management fees now earn more than personal banking, so market-linked fees balance the lending spread.
Who owns it
CEO: David I. McKay
Who it competes with
Key moments
- 1864Merchants’ Bank founded in Halifax
- 1901Renamed The Royal Bank of Canada
- 1987Buys Dominion Securities
- 2014Dave McKay becomes CEO
- 2015Buys City National Bank
Sources
Every number on this page comes from Royal Bank of Canada's own reports.
Full profile
The rest of the story is in the app.
What Royal Bank of Canada tracks15 metrics
Clients
Personal Banking clients in Canada
Bank branches
Results, quarter by quarterwith a chart
Revenue
Profit
Margin
Where the money comes from3 regions
Canada
United States
Other International
The full timeline17 moments
2022
2025
2026
Royal Bank of Canada vs TD Bank Groupside by side
Revenue
Profit
People
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