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RJF logoRaymond James Financial, Inc.(RJF)Earnings, Financials & Key Ratios

RJF•NYSE•Banking & Credit
$158.87
$31.31B mkt cap·15.4× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryCapital MarketsSub-IndustryWealth Management Platforms
AboutRaymond James Financial, Inc., a diversified financial services company, provides private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities in the United States, Canada, and Europe. The Private Client Group segment offers investment services, portfolio management services, insurance and annuity products, and mutual funds; support to third-party product partners, including sales and marketing support, as well as distribution and accounting, and administrative services; margin loans; and securities borrowing and lending services. The Capital Markets segment provides investment banking services, including equity underwriting, debt underwriting, and merger and acquisition advisory services; and fixed income and equity brokerage services. The Asset Management segment offers asset management, portfolio management, and related administrative services to retail and institutional clients; and administrative support services, such as record-keeping. The Raymond James Bank segment provides insured deposit accounts; commercial and industrial, commercial real estate (CRE) and CRE construction, tax-exempt, residential, securities-based, and other loans; and loan syndication services. The Other segment engages in the private equity investments, including various direct and third-party private equity investments; and legacy private equity funds. The company was founded in 1962 and is headquartered in St. Petersburg, Florida.Show more
  • Net Interest Income$2.15B+0.8%
  • Total Revenue$15.91B+7.9%
  • Net Income$2.13B+3.2%
  • Return on Equity17.67%-6.7%
  • Net Interest Margin2.43%-5.2%
  • Efficiency Ratio59.5%-11.9%
  • ROA2.49%-2.7%
  • Equity / Assets14.17%+0.8%
  • Book Value per Share60.52+10.1%
  • Tangible BV/Share51.58+12.0%
  • Debt/Equity0.36+5.3%
Analysis→Technical→

RJF Key Insights

Raymond James Financial, Inc. (RJF) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 21.2%
  • ✓22 consecutive years of dividend growth
  • ✓Well capitalized: 14.2% equity/assets
  • ✓Good 3Y average ROE of 18.1%
  • ✓Share count reduced 2.7% through buybacks
  • ✓Diversified revenue: 74.9% from non-interest income

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

RJF Price & Volume

Raymond James Financial, Inc. (RJF) stock price & volume — 10-year historical chart

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RJF Growth Metrics

Raymond James Financial, Inc. (RJF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years11.82%
5 Years14.55%
3 Years12.57%
TTM-

Profit CAGR

10 Years15.57%
5 Years21.15%
3 Years12.26%
TTM-1.92%

EPS CAGR

10 Years16.23%
5 Years21.5%
3 Years13.85%
TTM1.92%

Return on Capital

10 Years12.52%
5 Years14.97%
3 Years16.51%
Last Year21.98%

RJF Recent Earnings

Raymond James Financial, Inc. (RJF) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
Apr 22, 2026
EPS
$2.83
Est $2.76
+2.5%
Revenue
$3.9B
Est $3.8B
+0.4%
Q1 2026
Jan 28, 2026
EPS
$2.86
Est $2.83
+1.1%
Revenue
$3.7B
Est $3.8B
-2.0%
Q4 2025
Oct 22, 2025
EPS
$3.11
Est $2.83
+9.9%
Revenue
$4.1B
Est $3.6B
+13.4%
Q3 2025
Jul 23, 2025
EPS
$2.18
Est $2.37
-8.0%
Revenue
$3.8B
Est $3.4B
+12.1%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 22, 2026
$2.83vs $2.76+2.5%
$3.9Bvs $3.8B+0.4%
Q1 2026Jan 28, 2026
$2.86vs $2.83+1.1%
$3.7Bvs $3.8B-2.0%
Q4 2025Oct 22, 2025
$3.11vs $2.83+9.9%
$4.1Bvs $3.6B+13.4%
Q3 2025Jul 23, 2025
$2.18vs $2.37-8.0%
$3.8Bvs $3.4B+12.1%
Based on last 12 quarters of dataView full earnings history →

RJF Peer Comparison

Raymond James Financial, Inc. (RJF) competitors in Wealth Management Platforms — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
SF logoSFStifel Financial Corp.Direct Competitor12.03B77.7513.226.94%10.86%11.96%9.98%0.36
LPL logoLPLLG Display Co., Ltd.Direct Competitor4.45B4.4528.60-3.03%0.88%2.9%15.5%1.62
LPLA logoLPLALPL Financial Holdings Inc.Direct Competitor26.27B327.5830.0037.18%5.08%18.57%1.36
PJT logoPJTPJT Partners Inc.Direct Competitor3.67B151.9222.7414.77%10.51%20.08%13.08%0.41
HLI logoHLIHoulihan Lokey, Inc.Direct Competitor10.31B150.1725.8024.81%16.73%19.52%7.85%0.20
EVR logoEVREvercore Inc.Direct Competitor12.92B326.1723.2129.49%15.26%29.32%9.15%0.50
LAZ logoLAZLazard LtdDirect Competitor4.24B45.1020.783.25%7.43%26.7%11.93%2.61
MS logoMSMorgan StanleyProduct Competitor301.05B189.2123.8016.83%12.98%14.57%3.42

Compare RJF vs Peers

Raymond James Financial, Inc. (RJF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SF

Most directly comparable listed peer for RJF.

Scale Benchmark

vs BAC

Larger-name benchmark to compare RJF against a more recognizable public peer.

Peer Set

Compare Top 5

vs SF, LPL, LPLA, PJT

RJF Income Statement

Raymond James Financial, Inc. (RJF) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemSep'17Sep'18Sep'19Sep'20Sep'21Sep'22Sep'23Sep'24Sep'25TTM
Net Interest Income648M842M998M822M673M1.2B2.38B2.13B2.15B2.22B
NII Growth %23.58%29.94%18.53%-17.64%-18.13%78.75%97.42%-10.32%0.8%21.87%
Net Interest Margin %1.86%2.25%2.57%1.73%1.09%1.49%3.03%2.57%2.43%2.8%
Interest Income802M1.04B1.28B1B823M1.51B3.75B4.23B3.99B3.97B
Interest Expense154M202M283M178M150M305M1.37B2.1B1.85B1.75B
Loan Loss Provision13M20M22M233M-32M100M132M45M37M21M
Non-Interest Income5.64B6.34B6.65B7.07B8.96B9.65B9.09B10.51B11.92B12.38B
Non-Interest Income %87.56%85.86%83.84%87.6%91.58%86.48%70.81%71.29%74.9%75.72%
Total Revenue
6.45B▲ 0%
7.38B▲ 14.6%
7.93B▲ 7.4%
8.07B▲ 1.7%
9.78B▲ 21.2%
11.16B▲ 14.1%
12.84B▲ 15.1%
14.74B▲ 14.8%
15.91B▲ 7.9%
16.35B▲ 0%
Revenue Growth %18.03%14.55%7.38%1.74%21.23%14.07%15.1%14.8%7.94%23.71%
Non-Interest Expense5.35B5.85B6.25B6.6B7.87B8.73B9.06B9.95B9.47B11.82B
Efficiency Ratio83.06%79.24%78.81%81.86%80.48%78.24%70.52%67.51%59.5%72.31%
Operating Income
925M▲ 0%
1.31B▲ 41.7%
1.38B▲ 4.9%
1.05B▼ 23.5%
1.79B▲ 70.2%
2.02B▲ 12.9%
2.28B▲ 12.8%
2.64B▲ 15.9%
4.56B▲ 72.6%
2.76B▲ 0%
Operating Margin %14.35%17.75%17.34%13.04%18.31%18.12%17.76%17.93%28.66%16.86%
Operating Income Growth %13.92%41.73%4.88%-23.49%70.25%12.9%12.76%15.92%72.57%-
Pretax Income
925M▲ 0%
1.31B▲ 41.7%
1.38B▲ 4.9%
1.05B▼ 23.5%
1.79B▲ 70.2%
2.02B▲ 12.9%
2.28B▲ 12.8%
2.64B▲ 15.9%
2.71B▲ 2.7%
2.76B▲ 0%
Pretax Margin %14.35%17.75%17.34%13.04%18.31%18.12%17.76%17.93%17.06%16.86%
Income Tax289M454M341M234M388M513M541M575M579M610M
Effective Tax Rate %31.24%34.63%24.8%22.24%21.66%25.37%23.73%21.76%21.33%22.13%
Net Income
636M▲ 0%
857M▲ 34.7%
1.03B▲ 20.7%
818M▼ 20.9%
1.4B▲ 71.5%
1.51B▲ 7.6%
1.74B▲ 15.2%
2.07B▲ 18.9%
2.13B▲ 3.2%
2.15B▲ 0%
Net Margin %9.87%11.61%13.04%10.14%14.35%13.53%13.54%14.03%13.42%13.13%
Net Income Growth %20.15%34.75%20.65%-20.89%71.52%7.56%15.24%18.92%3.24%-1.92%
Net Income (Continuing)636M857M1.03B818M1.4B1.51B1.74B2.07B2.13B2.15B
EPS (Diluted)
2.89▲ 0%
3.84▲ 32.9%
4.78▲ 24.5%
3.89▼ 18.6%
6.63▲ 70.4%
6.98▲ 5.3%
7.97▲ 14.2%
9.70▲ 21.7%
10.30▲ 6.2%
10.78▲ 0%
EPS Growth %18.44%32.87%24.48%-18.62%70.44%5.28%14.18%21.71%6.19%1.92%
EPS (Basic)2.963.934.883.966.817.168.169.9410.53-
Diluted Shares Outstanding219.9M223.2M216M210.3M211.2M215.3M216.9M212.3M206.6M199.2M

RJF Balance Sheet

Raymond James Financial, Inc. (RJF) balance sheet — assets, liabilities & shareholders' equity

Line itemSep'17Sep'18Sep'19Sep'20Sep'21Sep'22Sep'23Sep'24Sep'25TTM
Cash & Short Term Investments6.83B7.27B8.1B13.97B15.52B15.99B18.47B19.25B18.28B69.95B
Cash & Due from Banks3.67B3.5B3.96B5.39B7.2B6.18B9.31B11B11.39B10.2B
Short Term Investments3.16B3.77B4.14B8.59B8.31B9.81B9.16B8.25B6.89B8.59B
Total Investments22.15B25.35B27.05B31.92B34.98B54.67B54.63B55.97B7.28B62.1B
Investments Growth %13.63%14.47%6.7%17.99%9.59%56.29%-0.06%2.44%-87%-62.57%
Long-Term Investments18.99B21.58B22.91B23.33B26.66B44.86B45.48B47.72B390M161.28B
Accounts Receivables2.77B3.34B2.67B2.44B2.83B2.93B2.52B2.71B2.82B0
Goodwill & Intangibles493.18M639.25M611M600M882M1.93B1.91B1.89B1.85B0
Goodwill410.72M478.25M464M466M660M1.42B1.44B1.45B1.45B0
Intangible Assets82.46M161M147M134M222M509M470M435M396M0
PP&E (Net)437.37M486.27M527M856M945M983M1.12B1.2B1.54B0
Other Assets4.01B2.94B2.83B4.97B13.62B11.84B6.33B7.53B61.51B4.07B
Total Current Assets10.64B11.56B11.72B17.46B19.47B20.71B22.81B24B21.1B21.71B
Total Non-Current Assets24.25B25.85B27.11B30.02B42.42B60.24B55.55B58.99B67.13B57.58B
Total Assets
34.88B▲ 0%
37.41B▲ 7.3%
38.83B▲ 3.8%
47.48B▲ 22.3%
61.89B▲ 30.3%
80.95B▲ 30.8%
78.36B▼ 3.2%
82.99B▲ 5.9%
88.23B▲ 6.3%
79.29B▲ 0%
Asset Growth %10.79%7.25%3.79%22.28%30.35%30.8%-3.2%5.91%6.31%14.75%
Return on Assets (ROA)1.92%2.37%2.71%1.9%2.57%2.11%2.18%2.56%2.49%2.52%
Accounts Payable5.58B5.83B4.36B6.79B13.99B11.45B5.45B5.83B5.85B0
Total Debt3.28B2.63B2.59B3.53B3.17B3.79B3.48B4.03B4.54B3.52B
Net Debt-385.88M-865M-1.36B-1.86B-4.03B-2.38B-5.84B-6.97B-6.84B-6.68B
Long-Term Debt2.45B2.45B2.44B2.93B2.9B3.33B3.14B3.09B4.22B3.52B
Short-Term Debt830.94M186M150M250M277M466M337M938M325M0
Other Liabilities2.37B2.32B2.65B2.94B3.75B4.08B4.33B4.49B5.54B0
Total Current Liabilities24.37B26.19B27.09B34.08B46.94B64.11B60.7B63.75B65.97B60.61B
Total Non-Current Liabilities4.82B4.77B5.1B6.22B6.65B7.41B7.47B7.58B9.76B3.52B
Total Liabilities29.19B30.96B32.19B40.31B53.59B71.52B68.17B71.33B75.73B64.14B
Total Equity
5.69B▲ 0%
6.45B▲ 13.3%
6.64B▲ 3.0%
7.18B▲ 8.0%
8.3B▲ 15.7%
9.43B▲ 13.6%
10.19B▲ 8.0%
11.67B▲ 14.5%
12.5B▲ 7.2%
15.15B▲ 0%
Equity Growth %12.45%13.33%2.95%8.02%15.71%13.6%8%14.53%7.17%46.08%
Equity / Assets (Capital Ratio)16.32%17.25%17.11%15.11%13.42%11.65%13%14.06%14.17%19.11%
Return on Equity (ROE)11.83%14.11%15.79%11.84%18.13%17.02%17.73%18.93%17.67%16.36%
Book Value per Share25.8928.9130.7534.1239.3143.8146.9754.9660.5276.07
Tangible BV per Share23.6526.0427.9331.2735.1434.8438.1746.0751.5876.07
Common Stock1.54M1.56M2M2M2M2M2M2M3M0
Additional Paid-in Capital1.65B1.81B1.94B2.01B2.09B2.99B3.14B3.25B3.23B0
Retained Earnings4.34B5.03B5.87B6.48B7.63B8.84B10.21B11.89B13.6B0
Accumulated OCI-15.2M-26.93M-23M11M-41M-982M-971M-502M-396M0
Treasury Stock-390.08M-447.27M-1.21B-1.39B-1.44B-1.51B-2.25B-3.05B-4.02B0
Preferred Stock00000120M79M79M79M0

RJF Cash Flow Statement

Raymond James Financial, Inc. (RJF) cash flow — operating, investing & free cash flow history

Line itemSep'17Sep'18Sep'19Sep'20Sep'21Sep'22Sep'23Sep'24Sep'25TTM
Cash from Operations-125M884M577M4.07B6.65B72M-3.51B2.15B2.43B2.43B
Operating CF Growth %75.88%807.2%-34.73%605.89%63.2%-98.92%-4980.56%161.33%12.95%-129.51%
Net Income636.24M850.92M1.03B818M1.4B1.51B1.74B2.07B2.13B2.15B
Depreciation & Amortization84.13M98.73M112M119M134M145M165M179M195M46M
Deferred Taxes-12M117M-23M-39M-37M-16M-88M-83M-52M-2M
Other Non-Cash Items89M-35M165M371M4M390M206M-267M9M-11M
Working Capital Changes-1.03B-253M-823M2.68B5.01B-2.15B-5.77B4M-107M-191M
Cash from Investing-3.38B-3.48B-1.9B-4.99B-5.14B-7.15B-274M-968M-4.32B-4.74B
Purchase of Investments-1.73B-1.12B-1.03B-5.71B-4.22B-3.07B-712M-545M-275M-111M
Sale/Maturity of Investments393M540M644M1.42B3.18B1.79B1.26B2.03B304M1.01B
Net Investment Activity-1.34B-584M-383M-4.29B-1.04B-1.28B550M1.49B29M900.98M
Acquisitions0-159.2M-5M-5M-266M1.46B0000
Other Investing-1.85B-2.6B-1.37B-561M-3.76B-7.24B-651M-2.25B-4.16B-5.49B
Cash from Financing4.07B1.42B1.37B4.57B5.23B5.88B1.44B438M2.36B3.45B
Dividends Paid-127M-151M-191M-205M-218M-277M-355M-383M-416M-317M
Share Repurchases-34M-62M-778M-291M-150M-216M-862M-984M-1.27B-1.32B
Stock Issued0000000009M
Net Stock Activity-34M-62M-778M-291M-150M-216M-862M-984M-1.27B-1.31B
Debt Issuance (Net)1000K-1000K-1000K1000K-1000K1000K-1000K-1000K-1000K1000K
Other Financing3.5B2.25B2.35B4.58B5.74B6.31B2.89B1.85B4.29B3.88B
Net Change in Cash
611M▲ 0%
-1.21B▼ 297.2%
30M▲ 102.5%
3.66B▲ 12110.0%
6.82B▲ 86.0%
-1.79B▼ 126.3%
-2.11B▼ 17.9%
1.8B▲ 185.3%
439M▼ 75.6%
521.26M▲ 0%
Exchange Rate Effect47M-33M-23M1M76M-590M239M175M-35M176M
Cash at Beginning6.54B7.15B5.94B5.97B9.63B16.45B14.66B12.55B14.35B14B
Cash at End7.15B5.94B5.97B9.63B16.45B14.66B12.55B14.35B14.79B5.26M
Interest Paid156M201M283M164M145M323M1.31B2.12B1.85B-948M
Income Taxes Paid349M231M390M246M437M524M565M664M651M-373M
Free Cash Flow
-315M▲ 0%
750M▲ 338.1%
439M▼ 41.5%
3.95B▲ 799.5%
6.57B▲ 66.4%
-19M▼ 100.3%
-3.69B▼ 19305.3%
1.95B▲ 152.9%
2.25B▲ 15.2%
1.48B▲ 0%
FCF Growth %50.79%338.1%-41.47%799.54%66.45%-100.29%-19305.26%152.89%15.18%-24.91%

RJF Banking Ratios

Raymond James Financial, Inc. (RJF) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)11.83%14.11%15.79%11.84%18.13%17.02%17.73%18.93%17.67%16.36%
Return on Assets (ROA)1.92%2.37%2.71%1.9%2.57%2.11%2.18%2.56%2.49%2.52%
Net Interest Margin1.86%2.25%2.57%1.73%1.09%1.49%3.03%2.57%2.43%2.8%
Efficiency Ratio83.06%79.24%78.81%81.86%80.48%78.24%70.52%67.51%59.5%72.31%
Equity / Assets16.32%17.25%17.11%15.11%13.42%11.65%13%14.06%14.17%19.11%
Book Value / Share25.8928.9130.7534.1239.3143.8146.9754.9660.5276.07
NII Growth23.58%29.94%18.53%-17.64%-18.13%78.75%97.42%-10.32%0.8%5.46%
Dividend Payout19.97%17.62%18.47%25.06%15.54%18.36%20.41%18.52%19.48%14.76%

RJF SEC Filings & Documents

Raymond James Financial, Inc. (RJF) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 22, 2026·SEC

Material company update

Mar 25, 2026·SEC

Material company update

Feb 23, 2026·SEC

10-K Annual Reports

1
FY 2025

Nov 25, 2025·SEC

10-Q Quarterly Reports

4
FY 2026

Feb 6, 2026·SEC

FY 2025

Aug 6, 2025·SEC

FY 2025

May 7, 2025·SEC

RJF Frequently Asked Questions

Raymond James Financial, Inc. (RJF) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Raymond James Financial, Inc. (RJF) grew revenue by 7.9% over the past year. This is steady growth.

Yes, Raymond James Financial, Inc. (RJF) is profitable, generating $2.15B in net income for fiscal year 2025 (13.4% net margin).

Dividend & Returns

Yes, Raymond James Financial, Inc. (RJF) pays a dividend with a yield of 1.27%. This makes it attractive for income-focused investors.

Raymond James Financial, Inc. (RJF) has a return on equity (ROE) of 17.7%. This is reasonable for most industries.

Industry Metrics

Raymond James Financial, Inc. (RJF) has a net interest margin (NIM) of 2.4%. NIM has been under pressure due to interest rate environment.

Raymond James Financial, Inc. (RJF) has an efficiency ratio of 59.5%. This is reasonable for a bank.

Explore More RJF

Raymond James Financial, Inc. (RJF) financial analysis — history, returns, DCA and operating performance tools

Full RJF Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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