Royal Bank Of Canada (RY) Interest Expense - Debt (2009 - 2026)
Royal Bank Of Canada (RY) recorded Interest Expense - Debt of $1.07 billion in fiscal Q3 2026 (quarter ended Jul 31, 2026), down 1.5% from $1.09 billion a year earlier and down 16.2% from the prior quarter.
Royal Bank Of Canada (RY) Interest Expense - Debt (2009 - 2026) Analysis & Trends
On a TTM basis, Royal Bank Of Canada's Interest Expense - Debt came in at $2.57 billion as of Jul 31, 2026, up 7.4% year-over-year; for FY2025 (ended Oct 31, 2025), it came in at $2.14 billion, down 10.6% from FY2024.
- Annual Interest Expense - Debt has a five-year compound annual growth rate of 0.9% (FY2020 to FY2025).
- Across earlier fiscal years, Interest Expense - Debt came in at $2.39 billion in FY2024 (+114.7%), $1.11 billion in FY2023 (+43.1%), $777.44 million in FY2022 (-64.5%) and $2.19 billion in FY2021 (+6.9%).
- Quarterly Interest Expense - Debt has ranged from $33.41 million in fiscal Q4 2021 to $1.48 billion in fiscal Q2 2024 over the past five years.
- On a year-over-year basis, Interest Expense - Debt rose in three of the last seven quarters, with growth averaging 69.8%.
- Peak year-over-year performance for Interest Expense - Debt in the last five years was growth of 668.0% in fiscal Q1 2025, against a decline of 92.6% in fiscal Q2 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $1.28 billion (Q2 2026), $107.36 million (Q1 2026) and $116.06 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense - Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - | 4.66 Bn |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - | - |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - | 3.08 Bn |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - | - |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - | 3.46 Bn |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - | 1.07 Bn |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - | 3.05 Bn |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - | 2.43 Bn |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn | 39.83 Bn |
| 10 | American Express | 217.14 Bn | 16.62 Bn | - | 676.00 Mn |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.07 Bn |
| Apr 30, 2026 | 1.28 Bn |
| Jan 31, 2026 | 107.36 Mn |
| Oct 31, 2025 | 116.06 Mn |
| Jul 31, 2025 | 1.09 Bn |
| Apr 30, 2025 | 109.63 Mn |
| Jan 31, 2025 | 1.06 Bn |
| Oct 31, 2024 | 141.33 Mn |
| Jul 31, 2024 | 912.89 Mn |
| Apr 30, 2024 | 1.48 Bn |
| Jan 31, 2024 | 137.59 Mn |
| Oct 31, 2023 | 136.44 Mn |
| Jul 31, 2023 | 130.36 Mn |
| Apr 30, 2023 | 124.90 Mn |
| Jan 31, 2023 | 1.11 Bn |
| Oct 31, 2022 | 83.57 Mn |
| Jul 31, 2022 | 59.87 Mn |
| Apr 30, 2022 | 45.79 Mn |
| Jan 31, 2022 | 790.08 Mn |
| Oct 31, 2021 | 33.41 Mn |
Royal Bank Of Canada Interest Expense - Debt 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=interest-expense-debt&ticker=RY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-debt", "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=interest-expense-debt&ticker=RY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();