Royal Bank Of Canada RY
NYSE RY
$206.82 -2.18 (-1.04%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Royal Bank Of Canada (RY) posted Operating Expenses of $7.0 billion for Q3 2026, up 1.98% on a QoQ basis from $6.9 billion in Q2 2026, and up 4.49% year-over-year from $6.7 billion in Q3 2025.

Analysis

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

Royal Bank Of Canada has reported Operating Expenses for 17 years, with the latest figure at $7.0 billion in Q3 2026.

  • On a quarterly basis, Operating Expenses rose 4.49% year-over-year to $7.0 billion in Q3 2026; TTM through Jul 2026 was $27.5 billion, a 5.79% increase from a year earlier, with the FY2025 full-year figure at $26.1 billion, up 3.83% from the prior year.
  • Operating Expenses was $7.0 billion for Q3 2026 at Royal Bank Of Canada, up from $6.9 billion in the prior quarter.
  • The five-year high for Operating Expenses was $7.0 billion in Q3 2026, with the low at $5.0 billion in Q3 2022.
  • Average Operating Expenses over 5 years is $6.1 billion, with a median of $6.1 billion recorded in 2025.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses declined 4.98% in 2022, then rose 17.16% in 2023.
  • Over 5 years, Operating Expenses stood at $5.4 billion in 2022, then increased by 9.5% to $5.9 billion in 2023, then increased by 11.12% to $6.6 billion in 2024, then gained by 2.32% to $6.8 billion in 2025, then rose by 3.89% to $7.0 billion in 2026.
  • The last three Operating Expenses figures came in at $7.0 billion (Q3 2026), $6.9 billion (Q2 2026), and $6.8 billion (Q1 2026), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Bank Of America 2,119.43 Bn 1,530.93 Bn 30.39 Bn 18.63 Bn
2 Morgan Stanley 342.23 Bn 182.09 Bn - 13.90 Bn
3 Goldman Sachs 302.60 Bn -673.74 Bn - 11.67 Bn
4 Mitsubishi Ufj Financial 296.69 Bn -87.63 Bn 10.89 Bn 17.50 Bn
5 Royal Bank Of Canada 295.00 Bn 68.16 Bn - 7.02 Bn
6 Wells Fargo & Company 272.35 Bn 70.52 Bn - 13.66 Bn
7 American Express 220.11 Bn 170.79 Bn 17.99 Bn 14.48 Bn
8 Banco Santander 214.76 Bn 222.37 Bn 28.01 Bn -7.44 Bn
9 Toronto Dominion Bank 205.51 Bn 44.18 Bn - 6.08 Bn
10 Schwab Charles 189.00 Bn 115.41 Bn - 3.40 Bn
Historic Data

Historic Data

Download Data
DateValue
Jul 31, 2026 7.02 Bn
Apr 30, 2026 6.88 Bn
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