TORONTO, Aug. 27, 2026 /CNW/ — Royal Bank of Canada3 (TSX: RY) (NYSE: RY) today reported record net income of $6.0 billion for the quarter ended July 31, 2026, up $610 million or 11% from the prior year. Diluted EPS was $4.23, up 13% over the same period, reflecting higher results in Wealth Management, Capital Markets and Commercial Banking. Adjusted net income2 and adjusted diluted EPS2 of $6.1 billion and $4.28 were up 10% and 11%, respectively, from the prior year.

“Across the globe, Team RBC® continues to raise the bar to deliver exceptional, record results. Our third quarter earnings showcase the strength of our diversified business and our robust balance sheet. We’re delivering a premium ROE quarter after quarter, consistently returning capital to our shareholders. In a faster-moving, more complex economy, we remain focused on building the bank to meet clients wherever they need us, with the capabilities, advice and insights to help them succeed.”

– Dave McKay, President and Chief Executive Officer of Royal Bank of Canada

Record pre-provision, pre-tax earnings2 of $8.7 billion were up $1.0 billion or 13% from a year ago, mainly due to higher fee-based revenue in Wealth Management reflecting market appreciation and net sales, and higher revenue in Capital Markets driven by strength across Corporate & Investment Banking and Global Markets. Higher net interest income reflecting average volume growth in Personal Banking, Commercial Banking and Wealth Management also contributed to the increase. These factors were partially offset by higher variable compensation commensurate with increased revenue and continued investments across our businesses.

Our consolidated results reflect an increase in total PCL of $119 million from a year ago, mainly reflecting higher provisions in Capital Markets and Personal Banking, partially offset by lower provisions in Commercial Banking. The PCL on loans ratio of 36 bps increased 1 bp from the prior year. The PCL on impaired loans ratio1 of 35 bps decreased 1 bp, while the PCL on performing loans ratio1 of 1 bp increased 2 bps, as compared to the same quarter last year. Income before income taxes of $7.7 billion was up $0.9 billion or 13% from a year ago. The effective income tax rate of 22.3% increased 110 bps from a year ago.

Compared to last quarter, net income and adjusted net income2 were both up 9%. Pre-provision, pre-tax earnings2 were up $0.7 billion or 9%, reflecting growth across most of our businesses, as revenue growth outpaced expense growth. The PCL on loans ratio of 36 bps increased 1 bp from the prior quarter. The PCL on impaired loans ratio was 35 bps, up 1 bp from the prior quarter, primarily due to higher provisions in Capital Markets. The PCL on performing loans ratio remained flat from the prior quarter.

Our capital position remains robust, with a CET1 ratio1 of 13.5%, supporting solid volume growth and $4.0 billion of capital returned to our shareholders, including $1.6 billion of share buybacks and $2.4 billion of common share dividends.

Personal Banking

Net income of $1,923 million decreased $15 million or 1% from a year ago. Net interest income was higher, reflecting average volume growth of 2% and higher spreads, net of an unfavourable impact from lower accretion of fair value adjustments related to the acquisition of HSBC Bank Canada (HSBC Canada). Higher fee-based client assets reflecting market appreciation and net sales also contributed to the increase. These factors were more than offset by higher non-interest expenses, primarily due to higher staff-related costs, investments in technology, client acquisition and engagement, and higher operating costs, as well as higher PCL and lower service charges.

Compared to last quarter, net income increased $53 million or 3%, largely driven by higher net interest income reflecting the impact of three more days in the current quarter and average volume growth of 1%. Higher fee-based client assets reflecting market appreciation also contributed to the increase. These factors were partially offset by higher non-interest expenses, primarily reflecting higher staff-related costs, ongoing technology investments, marketing costs and professional fees.

Commercial Banking

Net income of $936 million increased $100 million or 12% from a year ago, primarily driven by higher net interest income, reflecting average volume growth of 9% in deposits and 4% in loans, and lower PCL.

Compared to last quarter, net income increased $82 million or 10%, largely driven by higher net interest income reflecting the impact of three more days in the current quarter and average volume growth of 6% in deposits and 1% in loans. Lower provisions on impaired loans also contributed to the increase.

Wealth Management

Net income of $1,442 million increased $346 million or 32% from a year ago, mainly due to higher fee-based client assets reflecting market appreciation and net sales, which also drove higher variable compensation. Higher net interest income reflecting average volume growth in deposits and loans and higher spreads also contributed to the increase.

Compared to last quarter, net income increased $257 million or 22%, mainly due to higher fee-based client assets reflecting market appreciation, which also drove higher variable compensation. Higher net interest income reflecting higher spreads and lower PCL also contributed to the increase.

Insurance

Net income of $197 million decreased $50 million or 20% from a year ago, primarily due to lower insurance service result reflecting the impact of favourable longevity reinsurance adjustments and recaptures in the prior period, as well as less favourable claims experience in the current period.

Compared to last quarter, net income decreased $21 million or 10%, primarily driven by lower insurance investment result reflecting less favourable investment related experience.

Capital Markets

Net income of $1,544 million increased $216 million or 16% from a year ago, primarily driven by higher revenue in Corporate & Investment Banking, mainly due to higher equity and debt origination and mergers & acquisitions activity across most regions, and higher revenue in Global Markets, primarily due to higher equity trading revenue across all regions. These factors were partially offset by higher PCL and ongoing technology investments.

Compared to last quarter, net income increased $60 million or 4%, primarily driven by higher debt and equity origination across most regions and higher fixed income trading revenue across all regions, partially offset by higher provisions on a previously impaired account in the other services sector and on impaired loans in a few sectors, including the consumer staples and industrial products sectors.

Corporate Support

Net loss was $18 million for the current quarter, primarily due to residual unallocated costs, partially offset by asset/liability management activities.

Net loss was $102 million in the prior quarter, primarily due to legal provisions and residual unallocated costs.

Net loss was $31 million in the same quarter last year, primarily due to residual unallocated costs, including severance, partially offset by asset/liability management activities.

Capital, Liquidity and Credit Quality

Capital 
As at July 31, 2026, our CET1 ratio4 of 13.5% was unchanged from last quarter, as net internal capital generation was largely offset by business-driven risk-weighted assets growth and share repurchases.

Liquidity
For the quarter ended July 31, 2026, the average LCR4 was 125%, which translates into a surplus of approximately $98 billion, compared to 126% and a surplus of approximately $96 billion in the prior quarter. Average LCR4 remained relatively stable from the prior quarter, as growth in loans and securities was offset by growth in deposits and funding.

NSFR4 as at July 31, 2026 was 112%, which translates into a surplus of approximately $134 billion, compared to 111% and a surplus of approximately $115 billion in the prior quarter. NSFR4 increased compared to last quarter, primarily due to growth in deposits and funding, partially offset by increases in lending.

Credit Quality
Q3 2026 vs. Q3 2025
Total PCL of $1,000 million increased $119 million or 14% from a year ago, primarily due to higher provisions in Capital Markets and Personal Banking, partially offset by lower provisions in Commercial Banking. The PCL on loans ratio of 36 bps increased 1 bp. The PCL on impaired loans ratio of 35 bps decreased 1 bp.

PCL on performing loans was $21 million, compared to $(28) million a year ago, primarily due to portfolio growth, partially offset by favourable impacts from changes to our macroeconomic forecast and credit quality in the current quarter.

PCL on impaired loans of $979 million increased $66 million or 7%, primarily due to higher provisions in Capital Markets and Personal Banking, partially offset by lower provisions in Commercial Banking. 

Q3 2026 vs. Q2 2026
Total PCL increased $88 million or 10% from last quarter, primarily due to higher provisions in Capital Markets, partially offset by releases of provisions in the current quarter in Wealth Management, as compared to provisions taken last quarter. The PCL on loans ratio increased 1 bp. The PCL on impaired loans ratio increased 1 bp.

PCL on performing loans increased $3 million or 17% as portfolio growth and an unfavourable impact from changes in credit quality were largely offset by favourable changes to our macroeconomic forecast.

PCL on impaired loans increased $80 million or 9%, primarily due to higher provisions in Capital Markets, partially offset by lower provisions in Wealth Management.

Key performance and non-GAAP measures 

Performance measures
We measure and evaluate the performance of our consolidated operations and each business segment using a number of financial metrics, such as net income and ROE. Certain financial metrics, including ROE, do not have a standardized meaning under generally accepted accounting principles (GAAP) and may not be comparable to similar measures disclosed by other financial institutions.

Non-GAAP measures
Non-GAAP measures and ratios do not have a standardized meaning under GAAP and may not be comparable to similar measures disclosed by other financial institutions.

The following discussion describes the non-GAAP measures and ratios we use in evaluating our operating results.

Pre-provision, pre-tax earnings
We use pre-provision, pre-tax earnings (PPPT) to assess our ability to generate sustained earnings growth outside of credit losses, which are impacted by the cyclical nature of the credit cycle. PPPT may enhance comparability of our financial performance and enable readers to better assess trends in the underlying businesses. The following table provides a reconciliation of our reported results to PPPT and illustrates the calculation of PPPT presented:

Adjusted results and ratios
We believe that adjusted results are more reflective of our ongoing operating results and provide readers with a better understanding of management’s perspective on performance. The specified item discussed below can lead to variability that could obscure trends in underlying business performance and the amortization of acquisition-related intangibles can differ widely between organizations. Excluding the impact of specified items and amortization of acquisition-related intangibles may enhance comparability of our financial performance and enable readers to better assess trends in the underlying businesses.

Our results for the nine months ended July 31, 2025 were adjusted for the following specified item:

HSBC Canada transaction and integration costs.

Adjusted ratios, including adjusted EPS (basic and diluted), adjusted ROE and adjusted efficiency ratio, which are derived from adjusted results, are useful to readers because they may enhance comparability in assessing profitability on a per-share basis, how efficiently profits are generated from average common equity and how efficiently costs are managed relative to revenues. Adjusted results and ratios can also help inform and support strategic choices and capital allocation decisions.

Consolidated results, reported and adjusted
The following table provides a reconciliation of our reported results to our adjusted results and illustrates the calculation of adjusted measures presented. The adjusted results and ratios presented below are non-GAAP measures or ratios.

Additional information about ROE and other key performance and non-GAAP measures and ratios can be found under the Key performance and non-GAAP measures section of our Q3 2026 Report to Shareholders.

Caution regarding forward-looking statements
From time to time, we make written or oral forward-looking statements within the meaning of certain securities laws, including the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. We may make forward-looking statements in this document, in other filings with Canadian regulators or the United States Securities and Exchange Commission, in reports to shareholders and in other communications. In addition, our representatives may communicate forward-looking statements orally to analysts, investors, the media and others. Forward-looking statements in this document include, but are not limited to, statements by our President and Chief Executive Officer. The forward-looking statements contained in this document represent the views of management and are presented for the purpose of assisting the holders of our securities and financial analysts in understanding our financial position and results of operations as at and for the periods ended on the dates presented, as well as our financial performance objectives, vision, strategic goals and priorities and anticipated financial performance, and may not be appropriate for other purposes. Forward-looking statements are typically identified by words such as “believe”, “expect”, “suggest”, “seek”, “foresee”, “forecast”, “schedule”, “anticipate”, “intend”, “estimate”, “goal”, “commit”, “target”, “objective”, “plan”, “outlook”, “timeline” and “project” and similar expressions of future or conditional verbs such as “will”, “may”, “might”, “should”, “could”, “can”, “would” or negative or grammatical variations thereof.
By their very nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties, both general and specific in nature, which give rise to the possibility that our predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that our assumptions may not be correct, that our financial performance, environmental & social or other objectives, vision and strategic goals will not be achieved, and that our actual results may differ materially from such predictions, forecasts, projections, expectations or conclusions.
We caution readers not to place undue reliance on our forward-looking statements as a number of risk factors could cause our actual results to differ materially from the expectations expressed in such forward-looking statements. These factors – many of which are beyond our control and the effects of which can be difficult to predict – include, but are not limited to: business and economic conditions in the geographic regions in which we operate, Canadian housing and household indebtedness, information technology, cyber and third-party risks, geopolitical uncertainty (including risks associated with the conflict in the Middle East), environmental and social risk, digital disruption and innovation, privacy and data related risks, regulatory changes, culture and conduct risks, credit, market, liquidity and funding, insurance, operational, compliance, reputation and strategic risks, other risks discussed in the risk sections of our 2025 Annual Report and the Risk management section of our Q3 2026 Report to Shareholders, including legal and regulatory environment risk, the effects of changes in government fiscal, monetary and other policies and tax risk and transparency, risks associated with escalating trade tensions, including protectionist trade policies such as the imposition of tariffs, risks associated with the adoption of emerging technologies, such as cloud computing, artificial intelligence (AI), including generative AI, and robotics, fraud risk and our ability to anticipate and successfully manage risks arising from all of the foregoing factors. Additional factors that could cause actual results to differ materially from the expectations in such forward-looking statements can be found in the risk sections of our 2025 Annual Report and the Risk management section of our Q3 2026 Report to Shareholders, as may be updated by subsequent quarterly reports.
We caution that the foregoing list of risk factors is not exhaustive and other factors could also adversely affect our results. When relying on our forward-looking statements to make decisions with respect to us, investors and others should carefully consider the foregoing factors and other uncertainties and potential events, as well as the inherent uncertainty of forward-looking statements. Material economic assumptions underlying the forward-looking statements contained in this document are set out in the Economic, market and regulatory review and outlook section and for each business segment under the Strategic priorities and Outlook headings in our 2025 Annual Report, as updated by the Economic, market and regulatory review and outlook section of our Q3 2026 Report to Shareholders. Such sections may be updated by subsequent quarterly reports. Any forward-looking statements contained in this document represent the views of management only as of the date hereof, and except as required by law, we do not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by us or on our behalf.

Access to Quarterly Results Materials
Interested investors, the media and others may review this quarterly Earnings Release, quarterly results slides, supplementary financial information and our Q3 2026 Report to Shareholders at rbc.com/investorrelations.

Quarterly conference call and webcast presentation
Our quarterly conference call is scheduled for August 27, 2026 at 8:30 a.m. (EST) and will feature a presentation about our third quarter results by RBC® executives. It will be followed by a question and answer period with analysts. Interested parties can access the call live on a listen-only basis at rbc.com/investorrelations/quarterly-financial-statements.html or by telephone (647-557-5257 or 888-440-2170, passcode 8417166#). Please call between 8:20 a.m. and 8:25 a.m. (EST).
Management’s comments on results will be posted on our website shortly following the call. A recording will be available by 5:00 p.m. (EST) from August 27, 2026 until December 2, 2026 at rbc.com/investorrelations/quarterly-financial-statements.html or by telephone (647-362-9199 or 800-770-2030, passcode 8417166#).

Media Relations Contact
Heather Colquhoun, Senior Director, CFO Group and CLAO Group Communications, heather.colquhoun@rbc.com, 437-994-5044

Investor Relations Contact
Asim Imran, Senior Vice President, Head of Investor Relations, asim.imran@rbc.com, 416-955-7804

About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 105,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.‎
We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/peopleandplanet.

Information contained in or otherwise accessible through the websites mentioned herein does not form part of this document. All references in this document to websites are inactive textual references and are for your information only.

® Registered Trademarks of Royal Bank of Canada.

SOURCE Royal Bank of Canada

GOLDEN, Colo., Aug. 27, 2026 /PRNewswire/ — PlanetiQ, a trusted commercial provider of Global Navigation Satellite System Radio Occultation (GNSS-RO) observations, today announced its Lead Industry Sponsorship and participation in the 11th Workshop of the International Radio Occultation Working Group (IROWG), taking place September 10-16, 2026, at Seggau Castle in Austria.

As the Lead Industry Sponsor, PlanetiQ is supporting the premier international gathering dedicated to advancing radio occultation science and applications. The International Radio Occultation Working Group (IROWG), established as a permanent working group of the Coordination Group for Meteorological Satellites (CGMS), serves as a forum for operational and research users of radio occultation data from around the world.

PlanetiQ will be sending multiple renowned GNSS-RO scientists and engineers, who will contribute nearly a dozen presentations showcasing advancements in GNSS Radio Occultation (GNSS-RO) and GNSS-Polarized Radio Occultation (GNSS-PRO) observations. Presentation and poster topics include:

Atmospheric ducting detection and characterization, including applications in tropical cyclonesMultiple studies focused on GNSS-PRO observations and techniquesGNSS-RO observations in the lower troposphereIonospheric data processing and analysisReflection signal extraction methodsBending angle climatology

“The future of weather forecasting depends on the continued advancement of radio occultation science and the availability of high-quality atmospheric observations,” said Ira Scharf, Chief Executive Officer of PlanetiQ. “As the leader in commercial radio occultation, PlanetiQ is proud to be at the forefront of that effort, delivering the highest volume of precision GNSS-RO data while helping expand the scientific understanding and applications of this powerful technology. Greater precision in atmospheric measurements ultimately enables greater precision in forecasting.”

Through its sponsorship and active participation in OPAC-IROWG, PlanetiQ continues to invest in the international radio occultation community, helping connect researchers, operational users, and industry leaders working to expand the impact of RO data worldwide.

FAQ

What is GNSS-RO used for and who uses it?

GNSS Radio Occultation (GNSS-RO) is used to measure atmospheric temperature, pressure, and humidity around the world. These measurements improve weather forecasting, climate monitoring, atmospheric research, and space weather applications.

GNSS-RO data is assimilated into operational weather prediction systems worldwide, including those operated by NOAA, the European Centre for Medium-Range Weather Forecasts (ECMWF), and the UK Met Office. PlanetiQ provides the highest volume and highest quality of commercial GNSS-RO observations that extend deeper into the lower troposphere than all other available datasets.

Is GNSS-RO data available everywhere on Earth at all times?

No. GNSS-RO data is not available continuously at every location on Earth. A GNSS-RO profile is created when a navigation satellite and a receiving satellite align in the precise geometry required for a radio occultation event.

Because thousands of occultation events occur every day, GNSS-RO provides dense global sampling of the atmosphere, including over oceans, polar regions, and other areas where conventional observations are limited. PlanetiQ provides more GNSS-RO profiles per day to leading numerical weather prediction models than any other commercial provider, providing extensive global coverage for weather forecasting and atmospheric research.

Why is GNSS-RO important for weather forecasting?

GNSS-RO provides highly accurate atmospheric measurements that improve weather forecast models. Other than radiosondes, it is the only source that provides very high vertical-resolution profiles of the atmosphere. This information is critical for measuring atmospheric stability and assessing whether severe weather will form and how severe it may be. GNSS-RO provides this information across the entire globe, with denser sampling in space and time than radiosondes. The data helps forecasters better understand the three-dimensional structure of the atmosphere, including temperature, pressure, and humidity.

Because GNSS-RO measurements are globally distributed, self-calibrated, and highly precise, they are considered one of the most valuable satellite data sources for numerical weather prediction. The greater precision in atmospheric measurements uniquely provided by PlanetiQ enables greater precision in weather forecasts.

About PlanetiQ

PlanetiQ provides the highest-quality GNSS radio occultation (RO) data available from a commercial constellation of satellites, offering unmatched temporal and spatial resolution. The data drive accurate, high-impact weather and climate forecast models, helping improve Numerical Weather Prediction and AI forecasts, safeguard lives and property from severe weather. In 2025, PlanetiQ was awarded NOAA’s largest-ever contract for satellite weather data, valued at $24.3 million. PlanetiQ is a space-tech company that serves the most mission-critical government, defense, and industry leaders, including international weather agencies, enabling more resilient operations across sectors. Founded in 2015 and privately owned, PlanetiQ designs, builds, and operates the preeminent commercial constellation of GNSS-RO satellites, setting the standard for precision and reliability in atmospheric monitoring. For more information, contact info@planetiq.com

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SOURCE PlanetiQ

MUMBAI, India, Aug. 27, 2026 /PRNewswire/ — ECOVACS, a global leader in home service robotics, today launched its new DEEBOT T-Series robotic vacuum cleaners to make smart, automated home cleaning accessible to Indian households. The lineup — DEEBOT T90 PRO OMNI, DEEBOT T50S PRO OMNI and DEEBOT T30e OMNI — combines powerful suction, AI-powered navigation, anti-tangle technology, and self-cleaning hygienic roller mopping systems, offering Indian consumers an easy entry point into smart home cleaning.

Why Robotic Vacuums Matter for Indian Homes

With rising urbanization, dual-income households, and growing awareness of smart home devices, robotic vacuum cleaners are fast becoming the new trend in home automation across India. As more households embrace hands-free, technology-driven solutions for everyday chores, robotic cleaning is emerging as the natural next step for Indian homes—offering intelligent, adaptable solutions suited to diverse home sizes, floor types, and pet-friendly environments.

This shift reflects a broader move from manual effort to smarter, more hygienic automation. ECOVACS’s OZMO roller mopping represents the next step in this progression, combining automation with fresh-water cleaning and self-maintenance to keep floors consistently clean without spreading dirt. For working professionals, this means coming home to a space that already feels cleaner and more comfortable.

A DEEBOT for Every Type of Indian Home

DEEBOT T90 PRO OMNI — Best for Large Homes and Households with Kids

Built for bigger homes, families with kids, and kitchens prone to spills, the T90 PRO OMNI features OZMO ROLLER 3.0 Instant Self-Washing Mopping Technology, continuously washing its roller mop with fresh water to prevent secondary contamination and ensure better hygiene. BLAST technology powers 30,000 Pa suction with high air volume, while PowerBoost Technology recharges 10% battery in three minutes, enabling coverage of up to 500m² per session. Paired with ZeroTangle 4.0 technology, it’s ideal for homes with pets, kids, or complex layouts.

DEEBOT T50S PRO OMNI — Best for Homes with Hard-to-Reach Spaces

At just 81mm thin, the T50S PRO OMNI is the industry’s thinnest robot vacuum, built to clean under low-profile furniture common in Indian homes. It delivers 25,000 Pa suction alongside TrueEdge 2.0 technology for precise edge and corner cleaning, complemented by a triple V-shaped roller brush for tangle-free, complete floor coverage. Its all-in-one OMNI Station enables up to 120 days of hands-free cleaning with auto dust emptying, hot water mop washing, hot air drying, and base cleaning.

DEEBOT T30e OMNI — Best for First-Time Users

Designed for households new to robotic cleaning, the T30e OMNI offers 25,000 Pa suction to tackle dust, hair, and crumbs across all floor types. Its OMNI Station automates dust emptying, mop pad washing, and hot-air drying for hands-free maintenance, while ZeroTangle 3.0 technology prevents hair tangling. TrueDetect 3D AI Navigation ensures smooth obstacle avoidance for uninterrupted cleaning.

The DEEBOT T-Series is now available in India. Visit https://ecovacsindia.in/

About ECOVACS ROBOTICS:

Founded in 2006, ECOVACS ROBOTICS is a global leader in home service robotics with a diverse portfolio of products encompassing robotic vacuum cleaners and robotic window cleaners. With its expansion into robotic lawn mowers, commercial cleaning robots, robotic pool cleaners and robotic pet companion, ECOVACS solidified its position as a multi-category leader in home service robotics.

Guided by the mission “Robotics for All,” ECOVACS continues to advance technology and enhance the user experience to make life smarter and more stylish for consumers worldwide. With sales subsidiaries in Germany, the United States, Japan, and Singapore, ECOVACS products reach nearly 180 major markets and serve over 38 million households globally.

A testament to this market leadership, ECOVACS ROBOTICS has ranked first in China’s robotic vacuum cleaner market by share for ten consecutive years (2015-2024).

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