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
DateValue
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