Royal Bank of Canada (RY) Earnings Call Transcripts
Royal Bank of Canada's Latest Earnings Call - Q2 FY2026
In the second quarter of fiscal 2026, Royal Bank of Canada (RY:CA) reported earnings of $5.5 billion and adjusted earnings of $5.6 billion, marking a significant 25% increase in adjusted diluted EPS to $3.90. Revenue growth was strong at 11% year-over-year, driven by robust performance across Capital Markets and Wealth Management. Management maintained guidance for mid-single-digit growth in all-bank net interest income, while signaling a cautious outlook on credit due to macroeconomic uncertainties, particularly related to geopolitical tensions and trade agreements.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $12.4B (beat) |
| Adjusted EPS | $3.90 (beat) |
| Return on Equity (ROE) | 17.2% (beat) |
| Common Equity Tier 1 Ratio (CET1) | 13.5% (neutral) |
| Net Interest Income | $6.1B (beat) |
| Total Payout Ratio | 65% (positive) |
Guidance from management
Management maintained guidance for mid-single-digit growth in all-bank net interest income and full-year expense growth in the mid-single-digit range, while continuing to return capital to shareholders through dividends and share buybacks.
What management said
Okay. Thanks, Erica. So that brings our call to a close. Again, we had a very strong quarter. You saw strong client flows across all our businesses, you saw really good margins and enhanced profitability from that. And I think the theme that you should hopefully take away from this is very good growth opportunities across all our businesses: Commercial, Capital Markets, the Consumer Bank, Insurance, Wealth Management...
What analysts pressed on
Analysts expressed concerns about the potential for macroeconomic shocks impacting credit quality and loan growth. There were questions regarding the sustainability of Capital Markets' growth and the impact of geopolitical tensions on the Canadian economy.
Main topics on the call
- Record Performance in Capital Markets — Capital Markets achieved record net income of $1.5 billion, a 23% increase year-over-year, driven by strong advisory and trading activities. Management noted, "Global Markets revenue was up 16% from last year, reflecting...
- Wealth Management Growth — Wealth Management reported net income of $1.2 billion, up 28% from last year, benefiting from market appreciation and net new asset growth. Management highlighted, "Clients are coming to us for trusted advice as they mov...
- Cautious Credit Outlook — Management expressed caution regarding credit quality, noting increased geopolitical risks and trade uncertainties. They stated, "While we are pleased with the performance this quarter, we continue to have a cautious out...
- Increased Capital Returns — RBC announced a 14% increase in dividends and plans to repurchase up to 45 million common shares. Management stated, "We believe their intrinsic value remains higher than current valuations given the opportunities to imp...
Read the full Royal Bank of Canada transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Royal Bank of Canada
Royal Bank of Canada (RY) is a publicly listed company in the Banks industry, within the Financials sector. It trades on TSX and is based in CA. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 63 calls on record spanning January 7, 2020 to May 28, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 63 Royal Bank of Canada earnings call transcripts on record, spanning January 7, 2020 to May 28, 2026. Based on this history, Royal Bank of Canada reports quarterly. The most recent call on file is dated May 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- RY
- Exchange
- TSX
- Country
- CA
- Sector
- Financials
- Industry
- Banks
- Calls on record
- 63
- First call
- January 7, 2020
- Most recent
- May 28, 2026
- Reporting cadence
- quarterly