Royal Bank Of Canada (RY) Gross Margin (2009 - 2023)
Royal Bank Of Canada (RY) posted quarterly Gross Margin of 99.27% for Q4 2023, up 20.0% year-over-year from 82.73% in Q4 2022, and up 11.08% quarter-over-quarter from 89.37% in Q3 2023.
Royal Bank Of Canada (RY) Gross Margin (2009 - 2023) Analysis & Trends
Royal Bank Of Canada's Gross Margin history runs 15 years deep, the most recent figure standing at 99.27% for Q4 2023.
- In Q4 2023, Gross Margin rose 20.0% year-over-year to 99.27%; the TTM figure through Oct 2023 stood at 92.17% (down 342.0% YoY), while the FY2023 annual figure was 92.18%, down 418.0% from the prior year.
- Gross Margin for Q4 2023 stood at 99.27%, up from 89.37% in the prior quarter.
- The five-year high for Gross Margin was 99.27% in Q4 2023, with the low at 86.18% in Q3 2020.
- The 5-year median for Gross Margin is 91.79% (2023), against an average of 92.67%.
- The sharpest annual moves came in 2020 and 2023: Gross Margin surged 837 bps in 2020, then slumped 648 bps in 2023.
- Royal Bank Of Canada's Gross Margin stood at 94.25% in 2019, then climbed by 2 bps to 95.84% in 2020, then declined by 4 bps to 91.66% in 2021, then rose by 8 bps to 99.08% in 2022, then rose by 0 bps to 99.27% in 2023.
- Business Quant data shows RY's Gross Margin at 99.27% in Q4 2023, 89.37% in Q3 2023, and 91.92% in Q2 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 442.66 Bn | -145.83 Bn | 30.39 Bn | 96.31% |
| 2 | Hsbc Holdings | 350.79 Bn | 350.79 Bn | - | - |
| 3 | Royal Bank Of Canada | 287.27 Bn | 88.34 Bn | - | - |
| 4 | Wells Fargo & Company | 254.74 Bn | 50.77 Bn | - | - |
| 5 | Mitsubishi Ufj Financial | 246.23 Bn | -147.39 Bn | 10.89 Bn | -47.41% |
| 6 | Citigroup | 221.13 Bn | -2,081.18 Bn | 24.75 Bn | 99.93% |
| 7 | Banco Santander | 209.76 Bn | 30.11 Bn | - | - |
| 8 | Toronto Dominion Bank | 194.25 Bn | 19.76 Bn | - | - |
| 9 | UBS Group AG | 167.62 Bn | -48.10 Bn | - | - |
| 10 | Bank of New York Mellon | 108.21 Bn | 46.98 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Oct 31, 2023 | 99.27% |
| Jul 31, 2023 | 89.37% |
| Apr 30, 2023 | 91.92% |
| Jan 31, 2023 | 88.43% |
| Oct 31, 2022 | 99.08% |
| Jul 31, 2022 | 92.99% |
| Apr 30, 2022 | 98.40% |
| Jan 31, 2022 | 92.37% |
| Oct 31, 2021 | 91.66% |
| Jul 31, 2021 | 89.78% |
| Apr 30, 2021 | 98.72% |
| Jan 31, 2021 | 89.14% |
| Oct 31, 2020 | 95.84% |
| Jul 31, 2020 | 86.18% |
| Apr 30, 2020 | 98.29% |
| Jan 31, 2020 | 87.43% |
| Oct 31, 2019 | 94.25% |
| Jul 31, 2019 | 90.94% |
| Apr 30, 2019 | 89.91% |
| Jan 31, 2019 | 89.43% |