Royal Bank Of Canada (RY) Income Taxes Paid (2010 - 2026)
Royal Bank Of Canada's Income Taxes Paid came in at $788.2 million for fiscal Q3 2026 (quarter ended Jul 31, 2026), down 10.0% from $875.53 million a year earlier and down 28.8% from the prior quarter.
Royal Bank Of Canada (RY) Income Taxes Paid (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Royal Bank Of Canada reported Income Taxes Paid of $3.02 billion, down 5.7% year-over-year; for FY2025 (ended Oct 31, 2025), it came in at $4.35 billion, up 73.5% from FY2024.
- Income Taxes Paid carries a five-year compound annual growth rate of 15.2% (FY2020 to FY2025).
- Going back by fiscal year, Income Taxes Paid was $2.51 billion in FY2024 (-31.9%), $3.68 billion in FY2023 (-35.4%), $5.7 billion in FY2022 (+70.6%) and $3.34 billion in FY2021 (+55.8%).
- The five-year range for quarterly Income Taxes Paid is -$446.75 million (fiscal Q1 2026) to $2.91 billion (fiscal Q1 2022).
- Year-over-year, Income Taxes Paid increased in five of the last seven quarters, with growth averaging 48.0%.
- The fastest year-over-year change in Income Taxes Paid over five years came in fiscal Q4 2025 (growth of 277.4%), and the weakest in fiscal Q1 2023 (a decline of 63.4%).
- Business Quant data shows RY's Income Taxes Paid at $1.11 billion (Q2 2026), -$446.75 million (Q1 2026) and $1.57 billion (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes Paid (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 896.53 Bn | 896.53 Bn | - | 3.84 Bn |
| 2 | Bank Of America | 354.20 Bn | -2,021.91 Bn | - | - |
| 3 | Hsbc Holdings | 303.54 Bn | -1,800.05 Bn | - | - |
| 4 | Royal Bank Of Canada | 283.29 Bn | -546.75 Bn | - | 788.20 Mn |
| 5 | Morgan Stanley | 281.19 Bn | -262.84 Bn | - | 1.10 Bn |
| 6 | Goldman Sachs | 256.26 Bn | -3,487.19 Bn | - | - |
| 7 | Wells Fargo & Company | 253.33 Bn | 253.33 Bn | - | - |
| 8 | Mitsubishi Ufj Financial | 238.77 Bn | -102.62 Bn | 10.89 Bn | - |
| 9 | American Express | 216.03 Bn | 15.51 Bn | - | - |
| 10 | Toronto Dominion Bank | 211.21 Bn | -464.66 Bn | - | 544.36 Mn |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 788.20 Mn |
| Apr 30, 2026 | 1.11 Bn |
| Jan 31, 2026 | -446.75 Mn |
| Oct 31, 2025 | 1.57 Bn |
| Jul 31, 2025 | 875.53 Mn |
| Apr 30, 2025 | 1.03 Bn |
| Jan 31, 2025 | 874.90 Mn |
| Oct 31, 2024 | 415.21 Mn |
| Jul 31, 2024 | 560.15 Mn |
| Apr 30, 2024 | 900.51 Mn |
| Jan 31, 2024 | 632.46 Mn |
| Oct 31, 2023 | 800.92 Mn |
| Jul 31, 2023 | 1.10 Bn |
| Apr 30, 2023 | 718.36 Mn |
| Jan 31, 2023 | 1.06 Bn |
| Oct 31, 2022 | 647.49 Mn |
| Jul 31, 2022 | 878.61 Mn |
| Apr 30, 2022 | 1.31 Bn |
| Jan 31, 2022 | 2.91 Bn |
| Oct 31, 2021 | 793.05 Mn |
Royal Bank Of Canada Income Taxes Paid API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=income-taxes-paid&ticker=RY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "income-taxes-paid", "ticker": "RY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=income-taxes-paid&ticker=RY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();