Royal Bank Of Canada (RY) Provision for Credit Losses (2009 - 2026)
Royal Bank Of Canada's Provision for Credit Losses was $717.2 million in fiscal Q3 2026 (quarter ended Jul 31, 2026), up 11.9% from $641.18 million a year earlier and up 7.8% from the prior quarter.
Royal Bank Of Canada (RY) Provision for Credit Losses (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Royal Bank Of Canada's Provision for Credit Losses was $2.89 billion through Jul 31, 2026, down 3.4% year-over-year; for FY2025 (ended Oct 31, 2025), it was $3.12 billion, up 31.2% from FY2024.
- Provision for Credit Losses has now increased for three consecutive fiscal years, though with a five-year compound annual growth rate of -0.8% (FY2020 to FY2025).
- In earlier fiscal years, Provision for Credit Losses was $2.38 billion in FY2024 (+29.8%), $1.83 billion in FY2023 (+386.5%), $376.28 million in FY2022 and -$598.83 million in FY2021.
- Quarterly Provision for Credit Losses has moved between -$270.03 million (fiscal Q2 2022) and $1 billion (fiscal Q2 2025) over five years.
- Compared with a year earlier, Provision for Credit Losses was higher in seven of the last eight quarters, with growth averaging 15.3%.
- The best year-over-year quarter for Provision for Credit Losses over five years was fiscal Q1 2023 (growth of 375.4%); the worst was fiscal Q2 2026 (a decline of 33.5%).
- Per Business Quant data, RY's Provision for Credit Losses in the three fiscal quarters before Q3 2026 was $665.31 million (Q2 2026), $785.42 million (Q1 2026) and $725.93 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Provisions (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - | 2.74 Bn |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - | 838.45 Bn |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - | 1.24 Bn |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - | - |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - | 103.00 Mn |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - | 717.20 Mn |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - | 368.00 Mn |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - | 1.03 Bn |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn | - |
| 10 | American Express | 217.14 Bn | 16.62 Bn | - | 985.00 Mn |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 717.20 Mn |
| Apr 30, 2026 | 665.31 Mn |
| Jan 31, 2026 | 785.42 Mn |
| Oct 31, 2025 | 725.93 Mn |
| Jul 31, 2025 | 641.18 Mn |
| Apr 30, 2025 | 1.00 Bn |
| Jan 31, 2025 | 739.65 Mn |
| Oct 31, 2024 | 615.12 Mn |
| Jul 31, 2024 | 481.28 Mn |
| Apr 30, 2024 | 678.52 Mn |
| Jan 31, 2024 | 601.39 Mn |
| Oct 31, 2023 | 531.00 Mn |
| Jul 31, 2023 | 461.51 Mn |
| Apr 30, 2023 | 443.43 Mn |
| Jan 31, 2023 | 394.42 Mn |
| Oct 31, 2022 | 472.07 Mn |
| Jul 31, 2022 | 264.36 Mn |
| Apr 30, 2022 | -270.03 Mn |
| Jan 31, 2022 | 82.96 Mn |
| Oct 31, 2021 | 478.06 Mn |
Royal Bank Of Canada Provision for Credit Losses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=provision-for-credit-losses&ticker=RY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "provision-for-credit-losses", "ticker": "RY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=provision-for-credit-losses&ticker=RY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();