Royal Bank Of Canada RY
NYSE RY
$205.23 +0.02 (+0.01%)
At close: Aug 21, 2026 · 4:00 PM EDT

Royal Bank Of Canada (RY) Cost of Revenue (2009 - 2023)

Royal Bank Of Canada (RY) posted quarterly Cost of Revenue of $67.8 million for Q4 2023, down 22.31% year-over-year from $87.3 million in Q4 2022, and down 93.43% quarter-over-quarter from $1.0 billion in Q3 2023.

Royal Bank Of Canada (RY) Cost of Revenue (2009 - 2023) Analysis & Trends

Royal Bank Of Canada's Cost of Revenue history runs 15 years deep, the most recent figure standing at $67.8 million for Q4 2023.

  • In Q4 2023, Cost of Revenue fell 22.31% year-over-year to $67.8 million; the TTM figure through Oct 2023 stood at $3.0 billion (up 78.18% YoY), while the FY2023 annual figure was $3.0 billion, up 115.19% from the prior year.
  • Cost of Revenue for Q4 2023 stood at $67.8 million, down from $1.0 billion in the prior quarter.
  • The five-year high for Cost of Revenue was $1.3 billion in Q3 2020, with the low at $67.8 million in Q4 2023.
  • The 5-year median for Cost of Revenue is $787.6 million (2019), against an average of $692.2 million.
  • The sharpest annual moves came in 2022 and 2023: Cost of Revenue slumped 89.36% in 2022, then jumped 423.14% in 2023.
  • Royal Bank Of Canada's Cost of Revenue stood at $494.3 million in 2019, then declined by 29.46% to $348.7 million in 2020, then surged by 135.44% to $820.9 million in 2021, then sank by 89.36% to $87.3 million in 2022, then dropped by 22.31% to $67.8 million in 2023.
  • Business Quant data shows RY's Cost of Revenue at $67.8 million in Q4 2023, $1.0 billion in Q3 2023, and $743.5 million in Q2 2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Bank Of America 441.62 Bn -146.87 Bn 30.39 Bn 1.17 Bn
2 Hsbc Holdings 357.01 Bn 357.01 Bn - -
3 Royal Bank Of Canada 286.58 Bn 87.66 Bn - -
4 Wells Fargo & Company 254.86 Bn 50.89 Bn - -
5 Mitsubishi Ufj Financial 251.70 Bn -141.92 Bn 10.89 Bn -
6 Citigroup 223.37 Bn -2,078.94 Bn 24.75 Bn 17.00 Mn
7 Banco Santander 209.76 Bn 30.11 Bn - -
8 Toronto Dominion Bank 194.48 Bn 19.99 Bn - -
9 UBS Group AG 167.76 Bn -47.95 Bn - -
10 Bank of New York Mellon 108.83 Bn 47.61 Bn - -

Historic Data

Download Data
DateValue
Oct 31, 2023 67.85 Mn
Oct 31, 2023 67.85 Mn
Jul 31, 2023 1.03 Bn
Jul 31, 2023 1.03 Bn
Apr 30, 2023 743.48 Mn
Apr 30, 2023 743.48 Mn
Jan 31, 2023 1.15 Bn
Jan 31, 2023 1.15 Bn
Oct 31, 2022 87.34 Mn
Oct 31, 2022 87.34 Mn
Jul 31, 2022 660.90 Mn
Jul 31, 2022 660.90 Mn
Apr 30, 2022 142.12 Mn
Apr 30, 2022 142.12 Mn
Jan 31, 2022 787.71 Mn
Jan 31, 2022 787.71 Mn
Oct 31, 2021 820.89 Mn
Oct 31, 2021 820.89 Mn
Jul 31, 2021 1.06 Bn
Jul 31, 2021 1.06 Bn