Royal Bank Of Canada
RY
#97
Rank
$146.28 B
Marketcap
$103.38
Share price
-0.41%
Change (1 day)
9.56%
Change (1 year)

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 June 2024 (TTM): 36.06%

According to Royal Bank Of Canada's latest financial reports and stock price the company's current Operating Margin is 36.06%. 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
202241.23%-1.01%
202141.65%36.34%
202030.55%-11.84%
201934.65%-6.43%
201837.03%1.27%
201736.57%3.59%
201635.30%-1.64%
201535.89%4.04%
201434.50%0.27%
201334.40%5.62%
201232.57%3.39%
201131.51%28.09%
201024.60%29.55%
200918.99%-31.77%
200827.82%-9.21%
200730.65%2.68%
200629.85%21.64%
200524.54%9.81%
200422.34%-12.84%
200325.64%-2.33%
200226.25%3.11%
200125.46%

Operating Margin for similar companies or competitors

Company Operating Margin Operating Margin differencediff. Country
33.15%-8.07%๐Ÿ‡บ๐Ÿ‡ธ USA
35.76%-0.83%๐Ÿ‡จ๐Ÿ‡ฆ Canada
30.75%-14.73%๐Ÿ‡จ๐Ÿ‡ฆ Canada
36.29% 0.64%๐Ÿ‡จ๐Ÿ‡ฆ Canada
31.26%-13.31%๐Ÿ‡จ๐Ÿ‡ฆ 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.