RJF

Raymond James Financial
D

RJF

Arincen94/100B

If you had invested in Raymond James Financial ago, it would be worth $4,288 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

94/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash—

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength—

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders7.5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2026; the price as of today.

Raymond James Financial key facts

Style
Growth stock · 6.3/10Growth 6.3 · Value 6.2 · Dividend 4.6
Day range
166.390 – 167.900
52-week range
138.820 – 182.730
Market capitalization
32.23B USD
P/E
13.83
PEG ratio
0.74
EPS
12.13
Div Yield
1.29%
EPS growth forecast (FY2027)
+15.5%
Volume
8,918
Beta
0.95
ESG score
58.4/100Environment 59 · Social 56 · Governance 60
Sector
Financial Services
Industry
Asset Management
CEO
Paul Marone Shoukry
Employees
20K
IPO date
1 Jul 1983

Raymond James Financial earnings

Next earnings · Q1 FY2027
EPS estimate
3.33 USD
Revenue estimate
4.21B USD
Last quarter · Q4 FY2026
EPS3.59Beat +10.1%Revenue4.27BBeat +1.6%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q4 FY20273.93——+9.51%4.63B——+8.39%
Q3 FY20273.62——+15.32%4.45B——+13.35%
Q2 FY20273.45——+21.98%4.34B——+12.40%
Q1 FY20273.33——+16.43%4.21B——+12.80%
Q4 FY20263.263.59+10.12%+15.43%4.20B4.27B+1.65%+3.37%
Q3 FY20262.933.14+7.17%+44.04%3.87B3.93B+1.47%+3.75%
Q2 FY20262.762.83+2.54%+16.94%3.85B3.86B+0.36%+1.79%
Q1 FY20262.832.86+1.06%-2.39%3.81B3.74B-1.97%-6.20%
Q4 FY20252.833.11+9.89%+5.42%3.64B4.13B+13.36%+4.48%
Q3 FY20252.372.18-8.02%-8.79%3.38B3.79B+12.14%+1.94%

Analysts' estimates for FY2027 over the last 7 days:EPS Revenue How the estimates moved

Raymond James Financial analyst forecast

12-month price target
170.00 USD
+1.31%

Analysts' 1-year price targets range from 164.00 to 179.00, with an average of 170.00.

Past year
1-year forecast
Strong sellStrong buy
Hold
12 ratings
Buy
3
Hold
9
Sell
0

12-month price target

Highest target179.00
Average target170.00
Lowest target164.00
Current price167.80

Raymond James Financial valuation

Price to earnings ratio (TTM)
13.83
Forward P/E (FY2027)
11.70
Price to sales (TTM)
1.89
Price to book
2.54
EV / EBITDA (TTM)
5.52

Capital structure

Market capitalization
32.23B USD
+
Total debt
5.30B USD
−
Cash and short-term investments
19.70B USD
=
Enterprise value
17.83B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)10.02————
FY2027 (est.)11.7010.02———
Now (TTM)13.8311.461.892.545.52
FY202613.0311.011.760.006.38
FY202516.3914.262.192.795.89
FY202412.3210.541.722.176.52
FY202312.319.441.662.086.31
FY202213.8011.691.862.198.47

Raymond James Financial against its own history

Each figure in the latest fiscal year against the same figure from FY2022 to FY2026: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Northern Trust, Principal Financial Group, T. Rowe Price Group, Ares Management, Ameriprise Financial, and State Street, the US Asset Management companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median13.8
    10.917.4
  • Gross marginHighest in 5 years98.5%
    85.4%98.5%
    Against its peers: 1 of 7Peers' median 59.0%
  • Operating marginAbove its median27.5%
    17.8%28.7%
    Against its peers: 2 of 7Peers' median 21.0%
  • Net marginBelow its median13.5%
    13.4%14.0%
    Against its peers: 3 of 7Peers' median 12.6%
  • Revenue growthBelow its median10.2%
    7.9%15.1%
    Against its peers: 2 of 7Peers' median 3.0%
  • EPS growthAbove its median15.6%
    5.3%21.7%
    Against its peers: 1 of 7Peers' median -2.1%

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Raymond James Financial growth and profitability

Revenue (TTM)
17.07B USD
Net income (TTM)
2.37B USD
Gross margin
86.06%
Operating margin
18.02%
Net margin
13.87%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202617.54B+10.22%2.37B+10.91%98.52%27.50%13.50%4.82B+1.41%
FY202515.91B+7.94%2.14B+3.24%88.16%28.66%13.42%4.76B+68.53%
FY202414.74B+14.80%2.07B+18.92%85.44%17.93%14.03%2.82B+15.42%
FY202312.84B+15.10%1.74B+15.24%88.28%17.76%13.54%2.45B+12.83%
FY202211.16B+14.07%1.51B+7.56%96.37%18.12%13.53%2.17B+12.57%

Raymond James Financial revenue breakdown

By product

FY2025
Private Client Group: 61.5%RJ Bank: 20.2%Capital Markets: 11.2%Asset Management: 7.1%61.5%Private Client Group20.2%RJ Bank11.2%Capital Markets7.1%Asset Management
SegmentRevenueShare of revenueChange on the year
Private Client Group10.28B61.5%+7.4%
RJ Bank3.38B20.2%-5.0%
Capital Markets1.87B11.2%+18.7%
Asset Management1.19B7.1%+15.7%

By region

FY2025
United States: 91.5%Canada: 4.6%Europe: 3.9%91.5%United States4.6%Canada3.9%Europe
RegionRevenueShare of revenueChange on the year
United States12.87B91.5%+9.7%
Canada645.00M4.6%+7.7%
Europe549.00M3.9%+11.1%

How Raymond James Financial makes its money

Revenue17.54B 100.0%
Cost of revenue259.00M 1.5%
Gross profit17.28B 98.5%
Selling and administration8.59B 49.0%
Other operating expenses3.87B 22.1%
Operating income4.82B 27.5%
Tax707.00M 4.0%
Other expense1.75B 10.0%
Net income2.37B 13.5%

FY2026, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Raymond James Financial dividends

Annual dividend
2.16 USD
Dividend yield (indicated)
1.29%
Payout ratio
17.81%
Years of dividend growth
17
Frequency
Quarterly
Last payment
0.54 USD
Last ex-dividend date
1 Oct 2026
Last payment date
15 Oct 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share2.001.801.681.361.040.990.910.730.590.53

Raymond James Financial financial health

Cash and short-term investments
19.70B USD
Total debt
5.30B USD
Net cash
14.40B USD
Free cash flow (TTM)
2.27B USD
Current ratio
0.36
Debt to equity
0.42
Piotroski score
7 / 9

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY202518.28B4.55B2.25B
FY202419.25B4.03B1.95B
FY202318.47B3.48B-3.69B
FY202215.99B3.80B-19.00M
FY202115.52B3.17B6.57B

Raymond James Financial ownership

Institutions
78.83%
Institutional holders
932 (-14)
Free float
89.43%

Who owns the shares

Institutions 78.8% Others 21.2%
As of 30 Jun 2026

Shares free to trade

Free float 171.79M shares ·89.4% Closely held 20.31M shares ·10.6%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026000.000.00
Q3 20260323.40K47.67K
Q2 2026000.000.00
Q1 20260240.39K61.05K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2026194.80M198.30M-4.02%
FY2025202.00M206.60M-2.68%
FY2024207.10M212.30M-2.12%
FY2023211.80M216.90M+0.74%
FY2022209.90M215.30M+1.94%

Source: Financial Modeling Prep

Related Instruments

Title: Raymond James Financial

Sector: Financial Services
Industry: Asset Management
Raymond James Financial is a diversified financial services firm that provides wealth management, investment banking, asset management, and capital markets services to individuals, corporations, and municipalities. The firm maintains an extensive catalog of products and services across its business lines. However, the wealth management franchise generates the bulk of its revenue and earnings through a vast network of more than 8,900 independent and employee-affiliated advisors, who collectively managed over $1.9 trillion in client assets as of fiscal year-end 2026. While Raymond James maintains a global footprint, the company derives more than 90% of its revenue and an even larger percentage of its operating income from the United States.

Common questions about Raymond James Financial stock