Royal Bank of Canada reports 25% increase in Q2 2026 net income

Royal Bank of Canada (RBC) reported a net income of CAD 5.5 billion for the second quarter ended April 30, 2026, representing a 25% increase compared to the same quarter in the previous year. Adjusted net income rose to CAD 5.6 billion, with diluted earnings per share reaching CAD 3.85.

The bank’s performance was driven by a diversified business model, with strength noted in Capital Markets and Wealth Management. This diversification helped offset economic uncertainties related to geopolitics and interest rate paths. Non-interest income accounted for approximately 51% of the last twelve months of revenue.

RBC’s business mix includes Personal Banking, Commercial Banking, Wealth Management, Capital Markets, and Insurance, with primary geographic exposure in Canada and support from the United States. The bank maintained a return on equity of 17.2% for the quarter.