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

Royal Bank Of Canada (RY) has reported Tax Rate for 18 consecutive years, with 21.9% the latest figure, recorded in Q1 2026.

• In Q1 2026, Tax Rate rose 166.0% year-over-year to 21.9%; the TTM figure through Jan 2026 stood at 21.04% (up 211.0% YoY), while the FY2025 annual figure was 20.59%, up 236.0% from the prior year.
• Tax Rate came in at 21.9% for Q1 2026 at Royal Bank Of Canada, up from 20.42% 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 19.72%, with a median of 20.14% recorded in 2022.
• The largest YoY upside for Tax Rate was 1989 bps in 2024 against a maximum downside of 2255 bps in 2024.
• Year by year, Tax Rate stood at 20.14% in 2022, then slumped by 104 bps to 0.84% in 2023, then surged by 2354 bps to 19.04% in 2024, then climbed by 7 bps to 20.42% in 2025, then climbed by 7 bps to 21.9% in 2026.
• According to Business Quant data, Tax Rate over the past three periods registered 21.9%, 20.42%, and 21.22% for Q1 2026, Q4 2025, and Q3 2025 respectively.