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

Royal Bank Of Canada's Tax Rate history runs 18 years deep, the most recent figure standing at 21.9% for 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 was 21.9% for Q1 2026 at Royal Bank Of Canada, up from 20.42% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 40.16% in Q1 2023 to a low of 0.84% in Q4 2023.
• Historically, Tax Rate has averaged 19.72% across 5 years, with a median of 20.14% in 2022.
• Biggest YoY gain for Tax Rate was 1989 bps in 2024; the steepest drop was 2255 bps in 2024.
• A 5-year view of Tax Rate shows it stood at 20.14% in 2022, then sank by 104 bps to 0.84% in 2023, then surged by 2354 bps to 19.04% in 2024, then rose by 7 bps to 20.42% in 2025, then rose by 7 bps to 21.9% in 2026.
• The last three Tax Rate figures came in at 21.9% (Q1 2026), 20.42% (Q4 2025), and 21.22% (Q3 2025), per Business Quant data.