Royal Bank Of Canada (RY) Tax Rate (2009 - 2026)
Royal Bank Of Canada (RY) reported Tax Rate of 22.26% for fiscal Q3 2026 (quarter ended Jul 31, 2026), up 1.04 percentage points from 21.22% a year earlier but down 0.19 percentage points from the prior quarter.
Royal Bank Of Canada (RY) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Jul 31, 2026, Royal Bank Of Canada's Tax Rate came in at 21.78%, up 1.48 percentage points year-over-year; for FY2025 (ended Oct 31, 2025), it came in at 20.59%, up 2.36 percentage points from FY2024.
- Tax Rate has a five-year change of +0.08 percentage points (FY2020 to FY2025).
- By fiscal year, Tax Rate came in at 18.24% in FY2024 (-1.40 pp), 19.64% in FY2023 (-1.75 pp), 21.39% in FY2022 (-0.81 pp) and 22.20% in FY2021 (+1.69 pp).
- Five-year quarterly Tax Rate spans a low of -0.84% in fiscal Q4 2023 and a high of 40.16% in fiscal Q1 2023.
- Year over year, Tax Rate has now increased in each of the last ten quarters, with an average year-over-year change of +4.24 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was fiscal Q4 2024 (a gain of 19.89 percentage points); the low point was fiscal Q1 2024 (a drop of 22.55 percentage points).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 22.45% (Q2 2026), 21.90% (Q1 2026) and 20.42% (Q4 2025).
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| 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% |
| 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% |
| Jul 31, 2021 | 22.90% |
Royal Bank Of Canada Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=RY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "RY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=RY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();