Royal Bank Of Canada (RY) Tax Provisions (2009 - 2026)
Royal Bank Of Canada (RY) posted Tax Provisions of $1.2 billion for Q3 2026, up 6.33% on a QoQ basis from $1.2 billion in Q2 2026, and up 16.59% year-over-year from $1.1 billion in Q3 2025.
Analysis
Royal Bank Of Canada (RY) Tax Provisions (2009 - 2026) Analysis & Trends
Royal Bank Of Canada has reported Tax Provisions for 17 years, with the latest figure at $1.2 billion in Q3 2026.
- On a quarterly basis, Tax Provisions rose 16.59% year-over-year to $1.2 billion in Q3 2026; TTM through Jul 2026 was $4.6 billion, a 30.77% increase from a year earlier, with the FY2025 full-year figure at $3.8 billion, up 41.73% from the prior year.
- Tax Provisions was $1.2 billion for Q3 2026 at Royal Bank Of Canada, up from $1.2 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 $842.5 million, with a median of $792.7 million recorded in 2025.
- The sharpest annual moves came in 2023 and 2024: Tax Provisions sank 103.3% in 2023, then soared 3087.85% in 2024.
- Over 5 years, Tax Provisions stood at $737.1 million in 2022, then tumbled by 103.3% to -$24.3 million in 2023, then jumped by 3087.85% to $727.2 million in 2024, then surged by 38.2% to $1.0 billion in 2025, then increased by 23.11% to $1.2 billion in 2026.
- The last three Tax Provisions figures came in at $1.2 billion (Q3 2026), $1.2 billion (Q2 2026), and $1.2 billion (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 2,119.43 Bn | 1,530.93 Bn | 30.39 Bn | 2.49 Bn |
| 2 | Morgan Stanley | 331.20 Bn | 171.06 Bn | - | 1.70 Bn |
| 3 | Goldman Sachs | 305.27 Bn | -671.08 Bn | - | 1.94 Bn |
| 4 | Mitsubishi Ufj Financial | 296.69 Bn | -87.63 Bn | 10.89 Bn | 1.70 Bn |
| 5 | Royal Bank Of Canada | 289.34 Bn | 62.45 Bn | - | 1.24 Bn |
| 6 | Wells Fargo & Company | 270.60 Bn | 66.63 Bn | - | 1.40 Bn |
| 7 | American Express | 216.86 Bn | 167.54 Bn | 17.99 Bn | 961.00 Mn |
| 8 | Banco Santander | 214.76 Bn | 222.37 Bn | 28.01 Bn | - |
| 9 | Toronto Dominion Bank | 206.17 Bn | 44.84 Bn | - | 883.59 Mn |
| 10 | Schwab Charles | 185.58 Bn | 111.99 Bn | - | 869.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.24 Bn |
| Apr 30, 2026 | 1.16 Bn |
| 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 |