Income tax expense · 2017–2025
Royal Bank of Canada income tax expense
$3.8B+42.9% · FY2025
Royal Bank of Canada (RY) reported $3.8B in income tax expense for fiscal 2025, +42.9% year on year.
| Fiscal year | Income tax expense | Change | Filing |
|---|---|---|---|
| FY20252025-10-31 | $3.8B | +42.9% | Open → |
| FY20242024-10-31 | $2.6B | −0.0% | Open → |
| FY20232023-10-31 | $2.6B | −20.0% | Open → |
| FY20222022-10-31 | $3.3B | −9.5% | Open → |
| FY20212021-10-31 | $3.7B | +65.8% | Open → |
| FY20202020-10-31 | $2.2B | −3.9% | Open → |
| FY20192019-10-31 | $2.3B | −10.8% | Open → |
| FY20182018-10-31 | $2.6B | +4.1% | Open → |
| FY20172017-10-31 | $2.5B | — | Open → |
Income tax expense — Income tax expense is the tax a company charged against profit in its income statement for the year. It is not the same as the cash it handed to tax authorities: deferred tax, provisions and timing differences separate the two, often by billions. The cash figure is a different line in the cash-flow statement.
Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2017–2025 compound annual growth +5.5%
Figures are reported under IFRS in CAD and converted to US dollars at ECB reference rates — fiscal 2025 average 1.397 CAD/$ for income items, year-end 1.369 CAD/$ for balance-sheet items.
Income tax expense at companies of similar size
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Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Royal Bank of Canada income tax expense |url=https://companiesranked.com/en/company/royal-bank-of-canada/income-tax-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Royal Bank of Canada income tax expense. CompaniesRanked. https://companiesranked.com/en/company/royal-bank-of-canada/income-tax-expenseBibTeX
@misc{companiesranked-en-company-royal-bank-of-canada-income-tax-expense-2026,
author = {{CompaniesRanked}},
title = {{Royal Bank of Canada income tax expense}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/royal-bank-of-canada/income-tax-expense}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 40-F · 0001193125-25-305927 · December 3, 2025
{{cite web |title=Royal Bank of Canada income tax expense — 40-F (0001193125-25-305927) |url=https://www.sec.gov/Archives/edgar/data/1000275/000119312525305927/d95203d40f.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2025-12-03}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.