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

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.