Royal Bank Of Canada (RY) Tax Provisions (2009 - 2026)
Royal Bank Of Canada (RY) recorded quarterly Tax Provisions of $1.2 billion in Q1 2026, up 16.31% quarter-over-quarter from $1.0 billion in Q4 2025, and up 27.43% on a YoY basis from $917.2 million in Q1 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 was $1.2 billion for Q1 2026 at Royal Bank Of Canada, up from $1.0 billion in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $1.6 billion in Q1 2023 to a low of -$24.3 million in Q4 2023.
- Historically, Tax Provisions has averaged $800.4 million across 5 years, with a median of $761.2 million in 2022.
- The sharpest annual moves came in 2023 and 2024: Tax Provisions slumped 103.3% in 2023, then surged 3087.85% in 2024.
- A 5-year view of Tax Provisions shows it stood at $737.1 million in 2022, then plunged by 103.3% to -$24.3 million in 2023, then soared by 3087.85% to $727.2 million in 2024, then jumped by 38.2% to $1.0 billion in 2025, then gained by 16.31% to $1.2 billion in 2026.
- The last three Tax Provisions figures came in at $1.2 billion (Q1 2026), $1.0 billion (Q4 2025), and $1.1 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Canadian Imperial Bank Of Commerce | 1,329,940,501.22 Bn | 1,329,940,501.43 Bn | - | 537.65 Mn |
| 2 | Hsbc Holdings | 37,228.00 Bn | 37,228.45 Bn | - | -1.98 Bn |
| 3 | Royal Bank Of Canada | 2,913.28 Bn | 2,841.72 Bn | - | 1.17 Bn |
| 4 | Toronto Dominion Bank | 959.65 Bn | 952.85 Bn | - | 565.37 Mn |
| 5 | Bank Of Montreal | 416.15 Bn | 416.15 Bn | - | 602.40 Mn |
| 6 | Bank Of America | 390.60 Bn | -216.10 Bn | 29.24 Bn | 1.82 Bn |
| 7 | Barclays | 379.37 Bn | -269.24 Bn | - | -860.14 Mn |
| 8 | Mitsubishi Ufj Financial | 271.88 Bn | -414.40 Bn | 3.81 Bn | 571.72 Mn |
| 9 | Wells Fargo & Company | 252.38 Bn | 177.30 Bn | - | 691.00 Mn |
| 10 | Citigroup | 242.69 Bn | -1,942.31 Bn | 19.85 Bn | 1.29 Bn |
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 |