Royal Bank Of Canada (RY) Operating Margin (2014 - 2023)

Royal Bank Of Canada (RY) has reported Operating Margin for 15 consecutive years, with 37.43% the latest figure, recorded in Q4 2023.

• In Q4 2023, Operating Margin fell 429.0% year-over-year to 37.43%; the TTM figure through Oct 2023 stood at 37.94% (down 313.0% YoY), while the FY2023 annual figure was 32.31%, down 973.0% from the prior year.
• Operating Margin came in at 37.43% for Q4 2023 at Royal Bank Of Canada, up from 36.89% in the prior quarter.
• The five-year high for Operating Margin was 43.81% in Q2 2021, with the low at 36.8% in Q3 2020.
• Average Operating Margin over 5 years is 39.29%, with a median of 38.67% recorded in 2019.
• Across the five-year window, Operating Margin surged 324 bps in 2022 and tumbled 429 bps in 2023, its largest moves.
• Year by year, Operating Margin stood at 38.67% in 2019, then advanced by 7 bps to 41.23% in 2020, then slipped by 7 bps to 38.47% in 2021, then rose by 8 bps to 41.71% in 2022, then declined by 10 bps to 37.43% in 2023.
• According to Business Quant data, Operating Margin over the past three periods registered 37.43%, 36.89%, and 37.83% for Q4 2023, Q3 2023, and Q2 2023 respectively.