Royal Bank of Canada (RBC) only increased their net income in all segments except the corporate support segment in 2024. The largest segment of income was personal banking, where the net income reached 5.9 billion Canadian dollars.
Net income of Royal Bank of Canada (RBC) from 2020 to 2024, by segment
(in million Canadian dollars)
*The source adds the following information: "effective Q4 2021, gains (losses) on economic hedges of our U.S. share-based compensation plans, which are reflected in revenue, and related variability in share-based compensation expense driven by changes in the fair value of liabilities relating to our U.S. share-based compensation plans have been reclassified from our wealth management segment to corporate support. Comparative amounts have been reclassified to conform with this presentation. "
*The source also adds "Effective the first quarter of 2023, we simplified our reporting structure by eliminating the Investor & Treasury Services segment and moving its former businesses to existing segments. We moved our Investor Services business to our Wealth Management segment, and our Treasury Services and Transaction Banking businesses to our Capital Markets segment".
*Figures are revised for 2023 and 2024, as starting from the fourth quarter of 2024, the Personal & Commercial Banking segment also became two separate business segments: Personal Banking and Commercial Banking. With this change, the bank moved from the previous Personal & Commercial Banking segment to the Wealth Management segment.
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Royal Bank of Canada. (March 12, 2024). Net income of Royal Bank of Canada (RBC) from 2020 to 2024, by segment (in million Canadian dollars) [Graph]. In Statista. Retrieved December 24, 2024, from https://www.statista.com/statistics/1280298/royal-bank-of-canada-net-income-by-segment/
Royal Bank of Canada. "Net income of Royal Bank of Canada (RBC) from 2020 to 2024, by segment (in million Canadian dollars) ." Chart. March 12, 2024. Statista. Accessed December 24, 2024. https://www.statista.com/statistics/1280298/royal-bank-of-canada-net-income-by-segment/
Royal Bank of Canada. (2024). Net income of Royal Bank of Canada (RBC) from 2020 to 2024, by segment (in million Canadian dollars) . Statista. Statista Inc.. Accessed: December 24, 2024. https://www.statista.com/statistics/1280298/royal-bank-of-canada-net-income-by-segment/
Royal Bank of Canada. "Net Income of Royal Bank of Canada (Rbc) from 2020 to 2024, by Segment (in Million Canadian Dollars) ." Statista, Statista Inc., 12 Mar 2024, https://www.statista.com/statistics/1280298/royal-bank-of-canada-net-income-by-segment/
Royal Bank of Canada, Net income of Royal Bank of Canada (RBC) from 2020 to 2024, by segment (in million Canadian dollars) Statista, https://www.statista.com/statistics/1280298/royal-bank-of-canada-net-income-by-segment/ (last visited December 24, 2024)
Net income of Royal Bank of Canada (RBC) from 2020 to 2024, by segment (in million Canadian dollars) [Graph], Royal Bank of Canada, March 12, 2024. [Online]. Available: https://www.statista.com/statistics/1280298/royal-bank-of-canada-net-income-by-segment/
