RBC reports Q2 profit up 25 per cent from year ago, raises dividend

TORONTO - Royal Bank of Canada raised its quarterly dividend as it reported its second-quarter profit rose 25 per cent compared with a year earlier.

The bank says it will now pay a quarterly dividend of $1.76 per share, an increase from $1.64 per share.

The increased payment to shareholders came as RBC says it earned $5.51 billion or $3.85 per diluted share for the quarter ended April 30, up from a profit of $4.39 billion or $3.02 per diluted share a year earlier.

Revenue totalled $17.45 billion for the quarter, up from $15.67 billion in the same quarter last year, while the bank's provision for credit losses amounted to $912 million, down from $1.42 billion a year ago.

On an adjusted basis, RBC says it earned $3.90 per diluted share in its latest quarter, up from an adjusted profit of $3.12 per diluted share in the same quarter last year.

Analysts on average had expected an adjusted profit of $3.78 per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published May 28, 2026.

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