Royal Bank Of Canada
RY
$90.41
Share price
1.47%
Change (1 day)
-13.47%
Change (1 year)
Categories
The Royal Bank of Canada is Canada's largest bank. The bank has over 1,300 branches in Canada and approximately 80,000 employees in 55 countries.
Operating Margin for Royal Bank Of Canada (RY)
Operating Margin as of May 2023 (TTM): 39.55%
According to Royal Bank Of Canada's latest financial reports and stock price the company's current Operating Margin is 39.55%. At the end of 2022 the company had an Operating Margin of 41.23%.
Operating Margin history for Royal Bank Of Canada from 2001 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2022 | 41.23% | -1.01% |
| 2021 | 41.65% | 36.34% |
| 2020 | 30.55% | -12.15% |
| 2019 | 34.77% | -6.2% |
| 2018 | 37.07% | 1.37% |
| 2017 | 36.57% | 3.59% |
| 2016 | 35.30% | -1.86% |
| 2015 | 35.97% | 4.27% |
| 2014 | 34.50% | 0.27% |
| 2013 | 34.40% | 5.62% |
| 2012 | 32.57% | 3.39% |
| 2011 | 31.51% | 28.09% |
| 2010 | 24.60% | 29.55% |
| 2009 | 18.99% | -31.77% |
| 2008 | 27.82% | -9.21% |
| 2007 | 30.65% | 2.68% |
| 2006 | 29.85% | 21.64% |
| 2005 | 24.54% | 9.81% |
| 2004 | 22.34% | -12.84% |
| 2003 | 25.64% | -2.33% |
| 2002 | 26.25% | 3.11% |
| 2001 | 25.46% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin differencediff. | Country |
|---|---|---|---|
 Bank of America BAC | 32.84% | -16.97% | 🇺🇸 USA |
 Toronto Dominion Bank TD | 38.04% | -3.82% | 🇨🇦 Canada |
 CIBC CM | 30.52% | -22.83% | 🇨🇦 Canada |
 Scotiabank BNS | 39.28% | -0.68% | 🇨🇦 Canada |
 Bank of Montreal
BMO | 53.12% | 34.31% | 🇨🇦 Canada |
What is a company's Operating Margin
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.