Royal Bank of Canada · RY · Next earnings

Royal Bank of Canada reports Thursday, Dec 3, 2026

RY reports before market open with consensus EPS at $2.98 and revenue at $13.21B. Last quarter: RBC reports record Q3 earnings while investing for growth

Reports Before market open73 days awayDate estimated Financial Services

What the street expects

Consensus for the coming report
Consensus EPS $2.98 Calendar consensus
Consensus revenue $13.21B Calendar consensus
Report date Dec 3, 2026 Thursday, date estimated
Session Before market open 73 days away

Where RY left off: FY2026 Q3

Full report

RBC reports record Q3 earnings while investing for growth

EPS surprise +6.2% Reported $3.07 vs $2.89
Revenue surprise +1.8% Reported $13.22B vs $12.98B
Stock move -1.3% Event window
Subsequent drift -0.6% Up to 20 sessions

Maintained; management expects stable margins and continued organic growth.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Elevated bond yields may increase refinancing risk for corporates and governments
  • Tariffs and geopolitical tensions could pressure Canadian export-related sectors
  • Higher provisions may weigh on real-estate and utility loan portfolios
  • Net interest margin pressure remains a concern

Questions analysts left open

  • Whether higher AI investment can translate into durable earnings growth
  • Sustainability of wealth-management pretax margins and net interest margin performance
  • Capital-markets ROE trajectory as balance-sheet intensity increases

Ask FN2 about RY next report

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Recent RY quarters

All RY earnings
-1.3%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.