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% on a QoQ basis from $1.0 billion in Q4 2025.

Royal Bank Of Canada (RY) Tax Provisions (2009 - 2026) Analysis & Trends

Royal Bank Of Canada (RY) has reported Tax Provisions for 18 consecutive years, with $1.2 billion the latest figure, recorded in 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 came in at $1.2 billion for Q1 2026 at Royal Bank Of Canada, 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.
  • Average Tax Provisions over 5 years is $800.4 million, with a median of $761.2 million recorded in 2022.
  • Across the five-year window, Tax Provisions tumbled 103.3% in 2023 and surged 3087.85% in 2024, its largest moves.
  • Year by year, Tax Provisions stood at $737.1 million in 2022, then sank 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 grew by 16.31% to $1.2 billion in 2026.
  • According to Business Quant data, Tax Provisions over the past three periods registered $1.2 billion, $1.0 billion, and $1.1 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Hsbc Holdings 1,641.64 Bn 1,642.09 Bn - -1.98 Bn
2 Bank Of America 423.61 Bn -183.09 Bn 29.24 Bn 1.82 Bn
3 Wells Fargo & Company 264.70 Bn 189.62 Bn - 691.00 Mn
4 Citigroup 256.70 Bn -1,928.30 Bn 19.85 Bn 1.29 Bn
5 UBS Group AG 156.73 Bn 156.73 Bn - -
6 Bank of New York Mellon 100.92 Bn 44.00 Bn - 386.00 Mn
7 Jpmorgan Chase 93.06 Bn 120.14 Bn - 3.99 Bn
8 Sumitomo Mitsui Financial 92.45 Bn 93.39 Bn - -904.18 Mn
9 Bank of N.T. Butterfield & Son 2.40 Bn -454.67 Mn 152.73 Mn -1.35 Mn
10 Royal Bank Of Canada - - - 1.17 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 4.10 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