Royal Bank Of Canada (RY) Interest Expenses (2009 - 2026)
Royal Bank Of Canada's Interest Expenses came in at $12.8 billion for fiscal Q3 2026 (quarter ended Jul 31, 2026), down 1.0% from $12.92 billion a year earlier but up 6.2% from the prior quarter.
Royal Bank Of Canada (RY) Interest Expenses (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Royal Bank Of Canada reported Interest Expenses of $50.19 billion, down 2.8% year-over-year; for FY2025 (ended Oct 31, 2025), it was $50.59 billion, down 10.6% from FY2024.
- Interest Expenses carries a five-year compound annual growth rate of 37.1% (FY2020 to FY2025).
- Going back by fiscal year, Interest Expenses was $56.59 billion in FY2024 (+23.3%), $45.88 billion in FY2023 (+226.9%), $14.04 billion in FY2022 (+116.7%) and $6.48 billion in FY2021 (-38.0%).
- The five-year range for quarterly Interest Expenses is $1.55 billion (fiscal Q4 2021) to $14.43 billion (fiscal Q3 2024).
- Year-over-year, Interest Expenses increased in two of the last eight quarters, with an average decline of 5.2%.
- The fastest year-over-year change in Interest Expenses over five years came in fiscal Q1 2023 (growth of 485.0%), and the weakest in fiscal Q4 2021 (a decline of 16.3%).
- Business Quant data shows RY's Interest Expenses at $12.05 billion (Q2 2026), $12.62 billion (Q1 2026) and $12.72 billion (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 883.45 Bn | 912.92 Bn | - | 25.11 Bn |
| 2 | Banco Santander Chile | 401.52 Bn | 521.46 Bn | - | -538.61 Bn |
| 3 | Bank Of America | 377.43 Bn | -1,998.64 Bn | - | 17.84 Bn |
| 4 | Hsbc Holdings | 330.31 Bn | 330.37 Bn | - | - |
| 5 | Morgan Stanley | 299.17 Bn | -209.92 Bn | - | 13.12 Bn |
| 6 | Royal Bank Of Canada | 274.08 Bn | 124.82 Bn | - | 12.80 Bn |
| 7 | Mitsubishi Ufj Financial | 270.70 Bn | -1,317.79 Bn | 10.89 Bn | 9.12 Bn |
| 8 | Goldman Sachs | 263.13 Bn | -3,293.98 Bn | - | 18.09 Bn |
| 9 | Wells Fargo & Company | 243.64 Bn | 245.78 Bn | - | 10.97 Bn |
| 10 | American Express | 204.37 Bn | -3.81 Bn | - | 1.96 Bn |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 12.80 Bn |
| Apr 30, 2026 | 12.05 Bn |
| Jan 31, 2026 | 12.62 Bn |
| Oct 31, 2025 | 12.72 Bn |
| Jul 31, 2025 | 12.92 Bn |
| Apr 30, 2025 | 11.89 Bn |
| Jan 31, 2025 | 13.04 Bn |
| Oct 31, 2024 | 13.79 Bn |
| Jul 31, 2024 | 14.43 Bn |
| Apr 30, 2024 | 14.11 Bn |
| Jan 31, 2024 | 14.26 Bn |
| Oct 31, 2023 | 13.25 Bn |
| Jul 31, 2023 | 12.40 Bn |
| Apr 30, 2023 | 10.51 Bn |
| Jan 31, 2023 | 9.74 Bn |
| Oct 31, 2022 | 6.49 Bn |
| Jul 31, 2022 | 3.77 Bn |
| Apr 30, 2022 | 1.96 Bn |
| Jan 31, 2022 | 1.66 Bn |
| Oct 31, 2021 | 1.55 Bn |
Royal Bank Of Canada Interest Expenses 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-expenses&ticker=RY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "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-expenses&ticker=RY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();