Royal Bank Of Canada RY
NYSE RY
$203.21 -0.37 (-0.18%)
At close: Sep 18, 2026 · 4:00 PM EDT

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

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

Analysis

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

Royal Bank Of Canada has reported Cost of Revenue for 14 years, with the latest figure at $67.8 million in Q4 2023.

  • On a quarterly basis, Cost of Revenue fell 22.31% year-over-year to $67.8 million in Q4 2023; TTM through Oct 2023 was $3.0 billion, a 78.18% increase from a year earlier, with the FY2023 full-year figure at $3.0 billion, up 115.19% from the prior year.
  • Cost of Revenue was $67.8 million for Q4 2023 at Royal Bank Of Canada, 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.
  • Average Cost of Revenue over 5 years is $692.2 million, with a median of $787.6 million recorded in 2019.
  • The sharpest annual moves came in 2022 and 2023: Cost of Revenue slumped 89.36% in 2022, then soared 423.14% in 2023.
  • Over 5 years, Cost of Revenue stood at $494.3 million in 2019, then retreated by 29.46% to $348.7 million in 2020, then jumped by 135.44% to $820.9 million in 2021, then sank by 89.36% to $87.3 million in 2022, then fell by 22.31% to $67.8 million in 2023.
  • The last three Cost of Revenue figures came in at $67.8 million (Q4 2023), $1.0 billion (Q3 2023), and $743.5 million (Q2 2023), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Bank Of America 405.01 Bn -183.49 Bn 30.39 Bn 1.17 Bn
2 Morgan Stanley 318.33 Bn 158.20 Bn - -
3 Royal Bank Of Canada 284.62 Bn 57.78 Bn - -
4 Goldman Sachs 274.43 Bn -701.92 Bn - -
5 Mitsubishi Ufj Financial 274.26 Bn -110.06 Bn 10.89 Bn 459.06 Mn
6 Wells Fargo & Company 260.84 Bn 59.01 Bn - -
7 American Express 210.32 Bn 161.00 Bn 17.99 Bn 1.65 Bn
8 Banco Santander 210.20 Bn 217.82 Bn 28.01 Bn 7.82 Bn
9 Toronto Dominion Bank 206.68 Bn 45.35 Bn - -
10 Schwab Charles 181.98 Bn 108.39 Bn - -
Historic Data

Historic Data

Download Data
DateValue
Oct 31, 2023 67.85 Mn
Jul 31, 2023 1.03 Bn
Apr 30, 2023 743.48 Mn
Jan 31, 2023 1.15 Bn
Oct 31, 2022 87.34 Mn
Jul 31, 2022 660.90 Mn
Apr 30, 2022 142.12 Mn
Jan 31, 2022 787.71 Mn
Oct 31, 2021 820.89 Mn
Jul 31, 2021 1.06 Bn
Apr 30, 2021 118.35 Mn
Jan 31, 2021 1.09 Bn
Oct 31, 2020 348.67 Mn
Jul 31, 2020 1.31 Bn
Apr 30, 2020 128.82 Mn
Jan 31, 2020 1.23 Bn
Oct 31, 2019 494.26 Mn
Jul 31, 2019 787.50 Mn
Apr 30, 2019 871.54 Mn
Jan 31, 2019 920.41 Mn