Royal Bank of Canada (RY) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 21.28B | 37.9B | -14.79B | 29B | 9.85B | 31.15B | 17.17B | 23.22B | -15.6B | -1.64B | -11.12B | 9.04B | 10.31B | 17.86B | -349M | 13.12B | 737M | 8.43B | 9.88B | 26.91B |
| Operating CF Growth % | 115.99% | 21.65% | -186.13% | 24.9% | 163.14% | 1996.17% | 254.33% | 156.96% | -251.4% | -109.2% | -3087.11% | -31.13% | 1298.37% | 111.75% | -103.53% | -51.24% | 111.24% | -72.63% | 631.65% | -6.48% |
| Net Income | 5.51B | 5.79B | 5.43B | 5.41B | 4.39B | 5.13B | 4.22B | 4.49B | 3.95B | 3.58B | 4.13B | 3.86B | 3.68B | 3.13B | 3.88B | 3.58B | 4.25B | 4.09B | 3.89B | 4.3B |
| Depreciation & Amortization | 0 | 0 | 757M | 768M | 780M | 774M | 821M | 763M | 723M | 674M | 763M | 707M | 708M | 688M | 689M | 657M | 654M | 652M | 665M | 656M |
| Deferred Taxes | 0 | 0 | -111M | 127M | -260M | 28M | 99M | -776M | -246M | -606M | -812M | 166M | -96M | -261M | 161M | -237M | 418M | 227M | -236M | 31M |
| Other Non-Cash Items | -949.64M | 33.33B | 980M | 838M | 1.36B | 976M | 816M | 722M | 842M | 727M | 942M | 534M | 478M | 450M | 381M | 268M | -478M | 62M | -281M | -593M |
| Working Capital Changes | 16.72B | -1.22B | -21.84B | 21.85B | 3.58B | 24.25B | 11.21B | 18.02B | -20.87B | -6.02B | -16.15B | 3.77B | 5.54B | 13.85B | -5.46B | 8.86B | -4.11B | 3.4B | 5.84B | 22.52B |
| Cash from Investing | 379M | -26.73B | 17.42B | -37.97B | -31.91B | -16.11B | -13.02B | -27.71B | 5.71B | 14.13B | -1.08B | -22.09B | 5.51B | -10.6B | -22.38B | -35.71B | -9.03B | 10.06B | -8.93B | -24.7B |
| Purchase of Investments | -118.82B | -99.13B | -77.45B | -79.95B | -66.48B | -90.54B | -38.75B | -46.84B | -46.83B | -60.89B | -56.68B | -56.94B | -48.32B | -40.52B | -36.09B | -30.65B | -27.56B | -28.66B | -30.85B | -30.93B |
| Sale/Maturity of Investments | 50.73B | 94.81B | 72.96B | 49.36B | 53.1B | 57.02B | 35.01B | 38.79B | 43.05B | 65.48B | 39.8B | 39.46B | 42.91B | 34.28B | 26.39B | 25.26B | 24.39B | 23.1B | 21.82B | 23.8B |
| Net Investment Activity | -68.08B | -4.32B | -4.49B | -30.59B | -13.38B | -33.52B | -3.74B | -8.04B | -3.78B | 4.59B | -16.88B | -17.48B | -5.4B | -6.23B | -9.7B | -5.4B | -3.17B | -5.56B | -9.04B | -7.13B |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5M | -12.71B | 9M | 0 | 1.71B | 0 | 0 | -2.05B | -408M | 95M | 0 | 0 | 0 |
| Other Investing | 68.92B | -21.81B | 22.46B | -6.85B | -18.05B | 18.1B | -8.61B | -18.95B | 22.62B | 10.01B | 16.56B | -5.77B | 11.62B | -3.67B | -9.87B | -29.32B | -5.41B | 16.22B | 751M | -16.95B |
| Cash from Financing | -7.92B | -1.28B | -661M | -3.9B | -915M | -1.23B | -2.94B | -2.91B | -2.34B | 35M | -6.19B | -4.28B | -3.27B | 3.9B | 6.25B | -3.19B | -4.04B | -1.21B | -1.74B | -1.6B |
| Dividends Paid | -2.43B | -2.3B | -2.29B | -2.2B | -2.21B | -2.1B | -2.12B | -2.02B | -1.26B | -1.24B | -1.22B | -1.23B | -1.25B | -1.84B | -1.84B | -1.75B | -1.76B | -1.61B | -1.59B | -1.62B |
| Share Repurchases | -4.99B | -5.59B | -4.34B | -4.04B | -2.63B | -2.49B | -2.1B | -2.9B | -1.47B | -1.22B | -842M | -975M | -1.2B | -1.06B | -2.13B | -2.78B | -3.48B | -2.88B | -1.95B | -2.26B |
| Stock Issued | 3.23B | 4.13B | 3.36B | 3.24B | 2.05B | 2.13B | 1.74B | 2.22B | 1.54B | 1.38B | 760M | 971M | 1.47B | 1.04B | 1.09B | 1.38B | 1.35B | 1.7B | 1.21B | 1.45B |
| Net Stock Activity | -1.75B | -1.45B | -978M | -796M | -588M | -362M | -358M | -677M | 71M | 152M | -82M | -4M | 268M | -18M | -1.05B | -1.4B | -2.13B | -1.18B | -734M | -818M |
| Debt Issuance (Net) | -1000K | 1000K | 1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K |
| Other Financing | -2.38M | 1.45B | -13M | -12M | -14M | 0 | -1M | -2M | -2M | -1M | -3M | -2M | -9M | -7M | -1M | -2M | -1M | -1M | 0 | -1M |
| Net Change in Cash | 13.12B | 9.2B | 2.1B | -13.69B | -22.58B | 14.48B | 1.49B | -6.14B | -12.97B | 12.36B | -18.37B | -18.84B | 12.92B | 13.88B | -16.71B | -26.82B | -15.23B | 17.32B | -1.56B | 1.1B |
| Exchange Rate Effect | -613M | -683M | 120M | -819M | 396M | 664M | 283M | 1.25B | -745M | -160M | 25M | -1.51B | 375M | 2.72B | -236M | -1.04B | -2.9B | 23M | -766M | 491M |
| Cash at Beginning | 46.23B | 37.02B | 34.93B | 48.62B | 71.2B | 56.72B | 55.23B | 61.37B | 74.35B | 61.99B | 80.36B | 99.2B | 86.28B | 72.4B | 89.11B | 115.93B | 131.16B | 113.85B | 115.41B | 114.31B |
| Cash at End | 59.35B | 46.23B | 37.02B | 34.93B | 48.62B | 71.2B | 56.72B | 55.23B | 61.37B | 74.35B | 61.99B | 80.36B | 99.2B | 86.28B | 72.4B | 89.11B | 115.93B | 131.16B | 113.85B | 115.41B |
| Interest Paid | 15.37B | 0 | 17.24B | 17.89B | 16.37B | 19.48B | 17.56B | 20.37B | 16.79B | 18.92B | 15.66B | 16.01B | 11.8B | 11.23B | 6.44B | 3.71B | 1.76B | 1.77B | 1.43B | 1.83B |
| Income Taxes Paid | 1.52B | 0 | 2.17B | 1.2B | 1.47B | 1.24B | 567M | 767M | 1.22B | 855M | 1.09B | 1.47B | 972M | 1.44B | 860M | 1.13B | 1.66B | 3.68B | 997M | 927M |
| Free Cash Flow | 23.07B | 5.87B | -15.33B | 28.47B | 9.37B | 30.47B | 16.5B | 22.5B | -16.01B | -2.13B | -11.89B | 8.48B | 9.6B | 17.16B | -1.12B | 12.53B | 184M | 7.84B | 9.23B | 26.29B |
| FCF Growth % | 146.23% | -80.75% | -192.96% | 26.52% | 158.5% | 1534.02% | 238.72% | 165.39% | -266.8% | -112.38% | -961.7% | -32.35% | 5117.39% | 118.78% | -112.13% | -52.33% | 102.61% | -74.18% | 477.7% | -6.86% |