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| 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 | 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 |