Royal Bank Of Canada (RY) Gross Margin (2014 - 2023)

Royal Bank Of Canada (RY) has reported Gross Margin for 15 consecutive years, with 99.29% the latest figure, recorded in Q4 2023.

• In Q4 2023, Gross Margin rose 22.0% year-over-year to 99.29%; the TTM figure through Oct 2023 stood at 92.82% (down 302.0% YoY), while the FY2023 annual figure was 92.18%, down 418.0% from the prior year.
• Gross Margin came in at 99.29% for Q4 2023 at Royal Bank Of Canada, up from 90.48% in the prior quarter.
• The five-year high for Gross Margin was 99.29% in Q4 2023, with the low at 86.18% in Q3 2020.
• Average Gross Margin over 5 years is 93.06%, with a median of 92.56% recorded in 2023.
• Across the five-year window, Gross Margin slumped 418 bps in 2021 and jumped 742 bps in 2022, its largest moves.
• Year by year, Gross Margin stood at 94.25% in 2019, then gained by 2 bps to 95.84% in 2020, then slipped by 4 bps to 91.66% in 2021, then grew by 8 bps to 99.08% in 2022, then rose by 0 bps to 99.29% in 2023.
• According to Business Quant data, Gross Margin over the past three periods registered 99.29%, 90.48%, and 92.56% for Q4 2023, Q3 2023, and Q2 2023 respectively.