RJF

Raymond James Financial
D

RJF

Arincen94/100B

Raymond James Financial financials

Yes. Raymond James Financial earned 2.37B USD of net income over the last twelve months, 13.5% of its revenue. It made a profit in 42 of its 42 fiscal years since 1985.

Revenue (TTM)
17.54B USD
Net income (TTM)
2.37B USD
Free cash flow (TTM)
2.27B USD
Cash and short-term investments
19.70B USD
Total debt
5.30B USD
Shareholders' equity
12.70B USD

Cash, debt and equity as of 30 Jun 2026.

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%

Raymond James Financial growth and profitability

Full income statement
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%

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 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%

Operating and free cash flow

Full cash flow statement
Operating cash flow Free cash flow
Fiscal yearOperating cash flowFree cash flow
FY2026——
FY20252.43B2.25B
FY20242.16B1.95B
FY2023-3.51B-3.69B
FY202272.00M-19.00M
FY20216.65B6.57B
FY20204.07B3.95B
FY2019577.00M439.00M
FY2018884.00M750.00M
FY2017-125.00M-315.00M

Raymond James Financial financial health

Full balance sheet
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

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity
Fiscal yearTotal assetsTotal liabilitiesShareholders' equity
FY2026———
FY202588.23B75.73B12.50B
FY202482.99B71.33B11.67B
FY202378.36B68.17B10.21B
FY202280.95B71.52B9.46B
FY202161.89B53.59B8.25B
FY202047.48B40.31B7.11B
FY201938.83B32.19B6.58B
FY201837.41B30.96B6.37B
FY201734.88B29.19B5.58B

Raymond James Financial valuation

Price to earnings ratio (TTM)
13.42
Forward P/E (FY2027)
11.36
Price to sales (TTM)
1.83
Price to book
2.46
EV / EBITDA (TTM)
5.23

Capital structure

Market capitalization
31.27B USD
+
Total debt
5.30B USD
−
Cash and short-term investments
19.70B USD
=
Enterprise value
16.87B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)9.72————
FY2027 (est.)11.369.72———
Now (TTM)13.4211.171.832.465.23
FY202613.0311.031.760.006.38
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 median13.4
    10.917.5
  • 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 dividends

Annual dividend
2.16 USD
Dividend yield (indicated)
1.33%
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 ownership

Institutions
78.83%
Institutional holders
930 (-13)
Free float
89.59%

Who owns the shares

Institutions 78.8% Others 21.2%
As of 30 Jun 2026

Shares free to trade

Free float 172.11M shares ·89.6% Closely held 19.99M shares ·10.4%

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%

Common questions about Raymond James Financial's financials

Source: Financial Modeling Prep

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