Royal Bank Of Canada (RYLBF) Tax Rate (2022 - 2025)
Royal Bank Of Canada (RYLBF) posted Tax Rate of 0.3% for Q4 2025, down 3.15% on a QoQ basis from 0.31% in Q3 2025, and down 7.0% year-over-year from 0.32% in Q4 2024.
Royal Bank Of Canada (RYLBF) has 4 years of Tax Rate data on file, last reported at 0.3% in Q4 2025.
- In Q4 2025, Tax Rate fell 7.0% year-over-year to 0.3%; the TTM figure through Oct 2025 stood at 0.31% (up 5.0% YoY), while the FY2025 annual figure was 0.08%, down 1.0% from the prior year.
- Tax Rate eased to 0.3% in Q4 2025, from 0.31% in the prior quarter.
- Across five years, Tax Rate topped out at 0.41% in Q4 2022 and bottomed at 0.02% in Q4 2023.
- A 4-year average of 0.29% and a median of 0.31% in 2025 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2023 — Tax Rate slumped 43 bps — and 2024, when it jumped 38 bps.
- Year by year, Tax Rate stood at 0.41% in 2022, then slumped by 105 bps to 0.02% in 2023, then surged by 1879 bps to 0.36% in 2024, then decreased by 18 bps to 0.3% in 2025.
- The last three Tax Rate figures came in at 0.3% (Q4 2025), 0.31% (Q3 2025), and 0.36% (Q4 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Canadian Imperial Bank Of Commerce | 1,282,929,665.61 Bn | 1,282,929,665.82 Bn | - | - |
| 2 | Toronto Dominion Bank | 928.05 Bn | 749.34 Bn | - | - |
| 3 | Hsbc Holdings | 799.80 Bn | 799.80 Bn | - | - |
| 4 | Barclays | 460.27 Bn | 460.27 Bn | - | - |
| 5 | Bank Of America | 373.62 Bn | -233.08 Bn | 29.24 Bn | 17.49 |
| 6 | Bank Of Montreal | 316.89 Bn | 316.89 Bn | - | 25.14 |
| 7 | Wells Fargo & Company | 238.28 Bn | 163.21 Bn | - | 11.55 |
| 8 | Citigroup | 235.82 Bn | -1,949.18 Bn | 19.85 Bn | 33.80 |
| 9 | Bank of New York Mellon | 94.86 Bn | 37.94 Bn | - | 19.15 |
| 10 | Royal Bank Of Canada | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Oct 31, 2025 | 0.30 |
| Oct 31, 2025 | 0.30 |
| Jul 31, 2025 | 0.31 |
| Jul 31, 2025 | 0.31 |
| Oct 31, 2024 | 0.36 |
| Oct 31, 2024 | 0.36 |
| Jul 31, 2024 | 0.31 |
| Jul 31, 2024 | 0.31 |
| Oct 31, 2023 | -0.02 |
| Oct 31, 2023 | -0.02 |
| Jul 31, 2023 | 0.36 |
| Jul 31, 2023 | 0.36 |
| Oct 31, 2022 | 0.41 |
| Oct 31, 2022 | 0.41 |