Royal Bank Of Canada (RY) Subordinated Debt (2009 - 2026)
Royal Bank Of Canada (RY) recorded Subordinated Debt of $9.69 billion in fiscal Q3 2026 (quarter ended Jul 31, 2026), down 3.1% from $10 billion a year earlier and down 1.8% from the prior quarter.
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Analysis
Royal Bank Of Canada (RY) Subordinated Debt (2009 - 2026) Analysis & Trends
At the end of FY2025 (ended Oct 31, 2025), Royal Bank Of Canada reported Subordinated Debt of $9.99 billion, up 2.5% from FY2024.
- Annual Subordinated Debt has increased for three straight fiscal years, with a five-year compound annual growth rate of 6.1% (FY2020 to FY2025).
- Across earlier fiscal years, Subordinated Debt came in at $9.74 billion in FY2024 (+18.3%), $8.23 billion in FY2023 (+11.8%), $7.37 billion in FY2022 (-5.2%) and $7.77 billion in FY2021 (+4.9%).
- Quarterly Subordinated Debt has ranged from $7.37 billion in fiscal Q4 2022 to $10 billion in fiscal Q3 2025 over the past five years.
- On a year-over-year basis, Subordinated Debt has declined for three consecutive quarters, with growth averaging 3.0% over the last eight quarters.
- Peak year-over-year performance for Subordinated Debt in the last five years was growth of 18.3% in fiscal Q4 2024, against a decline of 6.7% in fiscal Q1 2026 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $9.87 billion (Q2 2026), $8.8 billion (Q1 2026) and $9.99 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Subordinated Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 920.14 Bn | 897.90 Bn | - | - |
| 2 | Banco Santander Chile | 407.42 Bn | -7,109.68 Bn | - | - |
| 3 | Bank Of America | 353.20 Bn | -2,022.91 Bn | - | - |
| 4 | Hsbc Holdings | 307.88 Bn | -2,967.28 Bn | - | - |
| 5 | Morgan Stanley | 298.41 Bn | -244.41 Bn | - | - |
| 6 | Royal Bank Of Canada | 283.46 Bn | -546.54 Bn | - | 9.69 Bn |
| 7 | Goldman Sachs | 264.45 Bn | -3,478.99 Bn | - | -626.05 Bn |
| 8 | Mitsubishi Ufj Financial | 259.19 Bn | -159.36 Bn | 5.24 Bn | - |
| 9 | Wells Fargo & Company | 258.28 Bn | 93.72 Bn | - | - |
| 10 | American Express | 215.12 Bn | 14.60 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 9.69 Bn |
| Apr 30, 2026 | 9.87 Bn |
| Jan 31, 2026 | 8.80 Bn |
| Oct 31, 2025 | 9.99 Bn |
| Jul 31, 2025 | 10.00 Bn |
| Apr 30, 2025 | 9.94 Bn |
| Jan 31, 2025 | 9.43 Bn |
| Oct 31, 2024 | 9.74 Bn |
| Jul 31, 2024 | 9.70 Bn |
| Apr 30, 2024 | 9.85 Bn |
| Jan 31, 2024 | 8.60 Bn |
| Oct 31, 2023 | 8.23 Bn |
| Jul 31, 2023 | 8.45 Bn |
| Apr 30, 2023 | 8.50 Bn |
| Jan 31, 2023 | 8.61 Bn |
| Oct 31, 2022 | 7.37 Bn |
| Jul 31, 2022 | 7.89 Bn |
| Apr 30, 2022 | 8.03 Bn |
| Jan 31, 2022 | 8.28 Bn |
| Oct 31, 2021 | 7.77 Bn |
API Access
Royal Bank Of Canada Subordinated Debt 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=subordinated-debt&ticker=RY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "subordinated-debt", "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=subordinated-debt&ticker=RY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();