Royal Bank Of Canada RY
NYSE RY
$206.82 -2.18 (-1.04%)
As of: Sep 9, 2026 · 3:59 PM EDT

Royal Bank Of Canada (RY) Tax Rate (2009 - 2026)

Royal Bank Of Canada (RY) posted Tax Rate of 22.26% for Q3 2026, down 0.85% on a QoQ basis from 22.45% in Q2 2026, and up 104.0% year-over-year from 10.91% in Q3 2025.

Analysis

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

Royal Bank Of Canada has reported Tax Rate for 17 years, with the latest figure at 22.26% in Q3 2026.

  • On a quarterly basis, Tax Rate rose 104.0% year-over-year to 22.26% in Q3 2026; TTM through Jul 2026 was 21.78%, a 148.0% increase from a year earlier, with the FY2025 full-year figure at 20.59%, up 236.0% from the prior year.
  • Tax Rate was 22.26% for Q3 2026 at Royal Bank Of Canada, down from 22.45% in the prior quarter.
  • The five-year high for Tax Rate was 40.16% in Q1 2023, with the low at 0.84% in Q4 2023.
  • Average Tax Rate over 5 years is 19.99%, with a median of 20.24% recorded in 2025.
  • The largest YoY upside for Tax Rate was 1989 bps in 2024 against a maximum downside of 2255 bps in 2024.
  • Over 5 years, Tax Rate stood at 20.14% in 2022, then plunged by 104 bps to 0.84% in 2023, then soared by 2354 bps to 19.04% in 2024, then gained by 7 bps to 20.42% in 2025, then increased by 9 bps to 22.26% in 2026.
  • The last three Tax Rate figures came in at 22.26% (Q3 2026), 22.45% (Q2 2026), and 21.9% (Q1 2026), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Bank Of America 2,119.43 Bn 1,530.93 Bn 30.39 Bn 21.54%
2 Morgan Stanley 342.23 Bn 182.09 Bn - 23.07%
3 Goldman Sachs 302.60 Bn -673.74 Bn - 22.60%
4 Mitsubishi Ufj Financial 296.69 Bn -87.63 Bn 10.89 Bn 24.29%
5 Royal Bank Of Canada 295.00 Bn 68.16 Bn - 22.26%
6 Wells Fargo & Company 272.35 Bn 70.52 Bn - 17.42%
7 American Express 220.11 Bn 170.79 Bn 17.99 Bn 23.61%
8 Banco Santander 214.76 Bn 222.37 Bn 28.01 Bn -
9 Toronto Dominion Bank 205.51 Bn 44.18 Bn - -38.63%
10 Schwab Charles 189.00 Bn 115.41 Bn - 23.68%
Historic Data

Historic Data

Download Data
DateValue
Jul 31, 2026 22.26%
Apr 30, 2026 22.45%
Jan 31, 2026 21.90%
Oct 31, 2025 20.42%
Jul 31, 2025 21.22%
Apr 30, 2025 20.44%
Jan 31, 2025 20.24%
Oct 31, 2024 19.04%
Jul 31, 2024 16.51%
Apr 30, 2024 19.81%
Jan 31, 2024 17.62%
Oct 31, 2023 -0.84%
Jul 31, 2023 16.01%
Apr 30, 2023 17.21%
Jan 31, 2023 40.16%
Oct 31, 2022 20.14%
Jul 31, 2022 21.49%
Apr 30, 2022 19.88%
Jan 31, 2022 23.94%
Oct 31, 2021 21.97%