Royal Bank of Canada (RY) — Free Cash Flow Generation Index
Royal Bank of Canada (RY) has a Free Cash Flow Generation Index of 0.98x as of July 2025. Free cash flow of CA$28.47 Billion represents 1% of operating cash flow (CA$29.00 Billion). Read RY liabilities breakdown for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Royal Bank of Canada Free Cash Flow Generation Index (1993–2025)
Historical FCF Generation Index trend for Royal Bank of Canada across 24 annual periods. Explore RY capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Royal Bank of Canada (1993–2025)
Year-by-year Free Cash Flow Generation Index for Royal Bank of Canada. For the full company profile including market capitalisation, see market value of Royal Bank of Canada.
| Year | FCG Index | Free Cash Flow (CAD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.96x | CA$52.98 Billion | CA$55.22 Billion | CA$2.24 Billion | ▲ +6.4% |
| 2024 | 0.90x | CA$20.86 Billion | CA$23.14 Billion | CA$2.28 Billion | ▲ +0.7% |
| 2023 | 0.90x | CA$23.35 Billion | CA$26.08 Billion | CA$2.73 Billion | ▲ +1.0% |
| 2022 | 0.89x | CA$19.44 Billion | CA$21.94 Billion | CA$2.50 Billion | ▼ -8.1% |
| 2021 | 0.96x | CA$58.86 Billion | CA$61.04 Billion | CA$2.19 Billion | ▼ -1.7% |
| 2020 | 0.98x | CA$136.19 Billion | CA$138.82 Billion | CA$2.63 Billion | ▲ +16.6% |
| 2019 | 0.84x | CA$12.00 Billion | CA$14.27 Billion | CA$2.26 Billion | ▼ -5.1% |
| 2018 | 0.89x | CA$15.49 Billion | CA$17.47 Billion | CA$1.98 Billion | ▼ -8.0% |
| 2017 | 0.96x | CA$36.36 Billion | CA$37.73 Billion | CA$1.36 Billion | ▲ +1.1% |
| 2016 | 0.95x | CA$25.60 Billion | CA$26.86 Billion | CA$1.26 Billion | ▲ +0.9% |
| 2015 | 0.94x | CA$22.81 Billion | CA$24.15 Billion | CA$1.34 Billion | ▲ +2.8% |
| 2014 | 0.92x | CA$13.95 Billion | CA$15.17 Billion | CA$1.23 Billion | ▲ +5.8% |
| 2013 | 0.87x | CA$6.15 Billion | CA$7.08 Billion | CA$932.00 Million | ▲ +28.5% |
| 2011 | 0.68x | CA$3.03 Billion | CA$4.48 Billion | CA$1.45 Billion | ▼ -26.1% |
| 2010 | 0.91x | CA$10.33 Billion | CA$11.29 Billion | CA$960.00 Million | ▲ +0.9% |
| 2009 | 0.91x | CA$6.71 Billion | CA$7.40 Billion | CA$689.00 Million | ▲ +2.0% |
| 2008 | 0.89x | CA$10.17 Billion | CA$11.43 Billion | CA$1.27 Billion | ▼ -8.2% |
| 2007 | 0.97x | CA$21.79 Billion | CA$22.50 Billion | CA$706.00 Million | ▲ +25.4% |
| 2004 | 0.77x | CA$1.49 Billion | CA$1.93 Billion | CA$439.00 Million | ▼ -18.5% |
| 1999 | 0.95x | CA$4.64 Billion | CA$4.89 Billion | CA$254.52 Million | ▲ +2.2% |
| 1997 | 0.93x | CA$3.73 Billion | CA$4.03 Billion | CA$293.06 Million | ▲ +14.7% |
| 1995 | 0.81x | CA$1.07 Billion | CA$1.33 Billion | CA$255.00 Million | ▼ -5.8% |
| 1994 | 0.86x | CA$1.53 Billion | CA$1.78 Billion | CA$253.00 Million | ▼ -0.8% |
| 1993 | 0.87x | CA$1.36 Billion | CA$1.57 Billion | CA$212.00 Million | — |