Royal Bank Of Canada (RY) Operating Expenses (2009 - 2026)

Royal Bank Of Canada (RY) recorded quarterly Operating Expenses of $6.8 billion in Q1 2026, up 0.91% quarter-over-quarter from $6.8 billion in Q4 2025, and up 4.58% on a YoY basis from $6.5 billion in Q1 2025.

Royal Bank Of Canada (RY) Operating Expenses (2009 - 2026) Analysis & Trends

Royal Bank Of Canada's Operating Expenses history runs 18 years deep, the most recent figure standing at $6.8 billion for Q1 2026.

  • In Q1 2026, Operating Expenses rose 4.58% year-over-year to $6.8 billion; the TTM figure through Jan 2026 stood at $26.4 billion (up 3.52% YoY), while the FY2025 annual figure was $26.1 billion, up 3.83% from the prior year.
  • Operating Expenses was $6.8 billion for Q1 2026 at Royal Bank Of Canada, up from $6.8 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $6.8 billion in Q1 2026 to a low of $5.0 billion in Q3 2022.
  • Historically, Operating Expenses has averaged $6.0 billion across 5 years, with a median of $6.1 billion in 2024.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses dropped 4.98% in 2022, then increased 17.16% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $5.4 billion in 2022, then grew by 9.5% to $5.9 billion in 2023, then grew by 11.12% to $6.6 billion in 2024, then rose by 2.32% to $6.8 billion in 2025, then rose by 0.91% to $6.8 billion in 2026.
  • The last three Operating Expenses figures came in at $6.8 billion (Q1 2026), $6.8 billion (Q4 2025), and $6.7 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Canadian Imperial Bank Of Commerce 1,329,940,501.22 Bn 1,329,940,501.43 Bn - 3.06 Bn
2 Hsbc Holdings 37,228.00 Bn 37,228.45 Bn - 609.00 Mn
3 Royal Bank Of Canada 2,913.28 Bn 2,841.72 Bn - 6.82 Bn
4 Toronto Dominion Bank 959.65 Bn 952.85 Bn - 6.11 Bn
5 Bank Of Montreal 416.15 Bn 416.15 Bn - 4.15 Bn
6 Bank Of America 390.60 Bn -216.10 Bn 29.24 Bn 18.53 Bn
7 Barclays 379.37 Bn -269.24 Bn - -6.13 Bn
8 Mitsubishi Ufj Financial 271.88 Bn -414.40 Bn 3.81 Bn -12.60 Bn
9 Wells Fargo & Company 252.38 Bn 177.30 Bn - 14.33 Bn
10 Citigroup 242.69 Bn -1,942.31 Bn 19.85 Bn 13.84 Bn

Historic Data

Download Data
DateValue
Jan 31, 2026 6.82 Bn
Oct 31, 2025 6.76 Bn
Jul 31, 2025 6.72 Bn
Apr 30, 2025 6.13 Bn
Jan 31, 2025 6.52 Bn
Oct 31, 2024 6.60 Bn
Jul 31, 2024 6.28 Bn
Apr 30, 2024 6.13 Bn
Jan 31, 2024 6.16 Bn
Oct 31, 2023 5.94 Bn
Jul 31, 2023 5.82 Bn
Apr 30, 2023 5.47 Bn
Jan 31, 2023 5.63 Bn
Oct 31, 2022 5.43 Bn
Jul 31, 2022 4.97 Bn
Apr 30, 2022 5.08 Bn
Jan 31, 2022 5.20 Bn
Oct 31, 2021 5.24 Bn
Jul 31, 2021 5.23 Bn
Apr 30, 2021 5.07 Bn