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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |