Royal Bank of Canada (LTS:0QKU) Tax Rate % : 20.24% (As of Jan. 2025)

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What is Royal Bank of Canada Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Royal Bank of Canada's Tax Expense for the three months ended in Jan. 2025 was $905 Mil. Royal Bank of Canada's Pre-Tax Income for the three months ended in Jan. 2025 was $4,471 Mil. Therefore, Royal Bank of Canada's Tax Rate % for the quarter that ended in Jan. 2025 was 20.24%.

Royal Bank of Canada Tax Rate % Historical Data

The historical data trend for Royal Bank of Canada's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Royal Bank of Canada Tax Rate % Chart

Royal Bank of Canada Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Tax Rate %

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20.52

22.20

21.39

19.64

18.24

Royal Bank of Canada Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Tax Rate %	Get a 7-Day Free Trial															17.62	19.81	16.51	19.04	20.24

Royal Bank of Canada Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Royal Bank of Canada's Tax Rate % for the fiscal year that ended in Oct. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Oct. 2024 )	/	Pre-Tax Income (A: Oct. 2024 )
	=	2632.841	/	14437.741
	=	18.24 %

Royal Bank of Canada's Tax Rate % for the quarter that ended in Jan. 2025 is calculated as

Tax Rate %	=	Tax Expense (Q: Jan. 2025 )	/	Pre-Tax Income (Q: Jan. 2025 )
	=	904.858	/	4470.776
	=	20.24 %

Royal Bank of Canada Tax Rate % Related Terms

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Royal Bank of Canada Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Royal Bank of Canada (LTS:0QKU) » Definitions » Tax Rate %

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Traded in Other Exchanges

RY:USA RYC:Germany RY.PR.S.PFD:Canada RY.PR.O.PFD:Canada RY.PR.N.PFD:Canada RY.PR.M.PFD:Canada RY.PR.J.PFD:Canada RY:Canada

Address

1 Place Ville Marie, Corporate Secretary's Department, Montreal, QC, CAN, H3B 3A9

Website

https://www.rbc.com

Royal Bank of Canada is one of the two largest banks in Canada, with over CAD 2 trillion in assets. It is a diversified financial services company, offering personal and commercial banking, wealth management, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada and has dominant market shares. RBC also has wealth and capital market businesses in the US, UK, and other countries. RBC is a top 15 investment bank globally.

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