Royal Bank Of Canada (RY) Tax Provisions (2009 - 2026)
Royal Bank Of Canada (RY) posted quarterly Tax Provisions of $1.2 billion for Q1 2026, up 27.43% year-over-year from $917.2 million in Q1 2025, and up 16.31% quarter-over-quarter from $1.0 billion in Q4 2025.
Royal Bank Of Canada (RY) Tax Provisions (2009 - 2026) Analysis & Trends
Royal Bank Of Canada's Tax Provisions history runs 18 years deep, the most recent figure standing at $1.2 billion for Q1 2026.
- In Q1 2026, Tax Provisions rose 27.43% year-over-year to $1.2 billion; the TTM figure through Jan 2026 stood at $4.0 billion (up 33.72% YoY), while the FY2025 annual figure was $3.8 billion, up 41.73% from the prior year.
- Tax Provisions for Q1 2026 stood at $1.2 billion, up from $1.0 billion in the prior quarter.
- The five-year high for Tax Provisions was $1.6 billion in Q1 2023, with the low at -$24.3 million in Q4 2023.
- The 5-year median for Tax Provisions is $761.2 million (2022), against an average of $800.4 million.
- The sharpest annual moves came in 2023 and 2024: Tax Provisions sank 103.3% in 2023, then jumped 3087.85% in 2024.
- Royal Bank Of Canada's Tax Provisions stood at $737.1 million in 2022, then tumbled by 103.3% to -$24.3 million in 2023, then surged by 3087.85% to $727.2 million in 2024, then soared by 38.2% to $1.0 billion in 2025, then rose by 16.31% to $1.2 billion in 2026.
- Business Quant data shows RY's Tax Provisions at $1.2 billion in Q1 2026, $1.0 billion in Q4 2025, and $1.1 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 440.37 Bn | -148.12 Bn | 30.39 Bn | 2.49 Bn |
| 2 | Hsbc Holdings | 355.76 Bn | 355.76 Bn | - | 6.18 Bn |
| 3 | Royal Bank Of Canada | 286.67 Bn | 87.74 Bn | - | 1.17 Bn |
| 4 | Wells Fargo & Company | 254.42 Bn | 50.45 Bn | - | 1.40 Bn |
| 5 | Mitsubishi Ufj Financial | 250.90 Bn | -142.71 Bn | 10.89 Bn | 1.70 Bn |
| 6 | Citigroup | 221.87 Bn | -2,080.44 Bn | 24.75 Bn | 2.01 Bn |
| 7 | Banco Santander | 209.76 Bn | 30.11 Bn | - | - |
| 8 | Toronto Dominion Bank | 194.22 Bn | 19.73 Bn | - | 565.37 Mn |
| 9 | UBS Group AG | 166.96 Bn | -48.76 Bn | - | - |
| 10 | Bank of New York Mellon | 108.73 Bn | 47.51 Bn | - | 475.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 1.17 Bn |
| Oct 31, 2025 | 1.00 Bn |
| Jul 31, 2025 | 1.06 Bn |
| Apr 30, 2025 | 792.68 Mn |
| Jan 31, 2025 | 917.16 Mn |
| Oct 31, 2024 | 727.16 Mn |
| Jul 31, 2024 | 647.79 Mn |
| Apr 30, 2024 | 719.82 Mn |
| Jan 31, 2024 | 566.63 Mn |
| Oct 31, 2023 | -24.34 Mn |
| Jul 31, 2023 | 551.41 Mn |
| Apr 30, 2023 | 565.37 Mn |
| Jan 31, 2023 | 1.56 Bn |
| Oct 31, 2022 | 737.08 Mn |
| Jul 31, 2022 | 761.20 Mn |
| Apr 30, 2022 | 832.98 Mn |
| Jan 31, 2022 | 1.02 Bn |
| Oct 31, 2021 | 871.80 Mn |
| Jul 31, 2021 | 1.04 Bn |
| Apr 30, 2021 | 930.12 Mn |