Royal Bank Of Canada (RY) Operating Margin (2009 - 2023)
Royal Bank Of Canada (RY) posted quarterly Operating Margin of 35.74% for Q4 2023, down 597.0% year-over-year from 7.19% in Q4 2022, and up 21.01% quarter-over-quarter from 29.54% in Q3 2023.
Royal Bank Of Canada (RY) Operating Margin (2009 - 2023) Analysis & Trends
Royal Bank Of Canada's Operating Margin history runs 15 years deep, the most recent figure standing at 35.74% for Q4 2023.
- In Q4 2023, Operating Margin fell 597.0% year-over-year to 35.74%; the TTM figure through Oct 2023 stood at 32.3% (down 900.0% YoY), while the FY2023 annual figure was 32.31%, down 973.0% from the prior year.
- Operating Margin for Q4 2023 stood at 35.74%, up from 29.54% in the prior quarter.
- The five-year high for Operating Margin was 43.81% in Q2 2021, with the low at 29.54% in Q3 2023.
- The 5-year median for Operating Margin is 38.63% (2019), against an average of 38.3%.
- The sharpest annual moves came in 2022 and 2023: Operating Margin surged 342 bps in 2022, then tumbled 1082 bps in 2023.
- Royal Bank Of Canada's Operating Margin stood at 38.67% in 2019, then grew by 7 bps to 41.23% in 2020, then declined by 7 bps to 38.47% in 2021, then advanced by 8 bps to 41.71% in 2022, then slipped by 14 bps to 35.74% in 2023.
- Business Quant data shows RY's Operating Margin at 35.74% in Q4 2023, 29.54% in Q3 2023, and 32.45% in Q2 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 441.62 Bn | -146.87 Bn | 30.39 Bn | 37.28% |
| 2 | Hsbc Holdings | 357.01 Bn | 357.01 Bn | - | - |
| 3 | Royal Bank Of Canada | 286.58 Bn | 87.66 Bn | - | - |
| 4 | Wells Fargo & Company | 254.86 Bn | 50.89 Bn | - | - |
| 5 | Mitsubishi Ufj Financial | 251.70 Bn | -141.92 Bn | 10.89 Bn | -22.25% |
| 6 | Citigroup | 223.37 Bn | -2,078.94 Bn | 24.75 Bn | 42.53% |
| 7 | Banco Santander | 209.76 Bn | 30.11 Bn | - | - |
| 8 | Toronto Dominion Bank | 194.48 Bn | 19.99 Bn | - | 5.83% |
| 9 | UBS Group AG | 167.76 Bn | -47.95 Bn | - | - |
| 10 | Bank of New York Mellon | 108.83 Bn | 47.61 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Oct 31, 2023 | 35.74% |
| Jul 31, 2023 | 29.54% |
| Apr 30, 2023 | 32.45% |
| Jan 31, 2023 | 31.62% |
| Oct 31, 2022 | 41.71% |
| Jul 31, 2022 | 40.36% |
| Apr 30, 2022 | 41.05% |
| Jan 31, 2022 | 42.01% |
| Oct 31, 2021 | 38.47% |
| Jul 31, 2021 | 39.45% |
| Apr 30, 2021 | 43.81% |
| Jan 31, 2021 | 38.59% |
| Oct 31, 2020 | 41.23% |
| Jul 31, 2020 | 36.80% |
| Apr 30, 2020 | 40.78% |
| Jan 31, 2020 | 37.74% |
| Oct 31, 2019 | 38.67% |
| Jul 31, 2019 | 39.03% |
| Apr 30, 2019 | 38.46% |
| Jan 31, 2019 | 38.42% |