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| Date | Value |
|---|---|
| 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 |