8-K Announcements
6Apr 22, 2026·SEC
Mar 25, 2026·SEC
Feb 23, 2026·SEC
Raymond James Financial, Inc. (RJF) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Raymond James Financial, Inc. (RJF) stock price & volume — 10-year historical chart
Raymond James Financial, Inc. (RJF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Raymond James Financial, Inc. (RJF) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 22, 2026 | $2.83vs $2.76+2.5% | $3.9Bvs $3.8B+0.4% |
| Q1 2026 | Jan 28, 2026 | $2.86vs $2.83+1.1% | $3.7Bvs $3.8B-2.0% |
| Q4 2025 | Oct 22, 2025 | $3.11vs $2.83+9.9% | $4.1Bvs $3.6B+13.4% |
| Q3 2025 | Jul 23, 2025 | $2.18vs $2.37-8.0% | $3.8Bvs $3.4B+12.1% |
Raymond James Financial, Inc. (RJF) competitors in Wealth Management Platforms — business model, growth, and fundamentals comparison
Raymond James Financial, Inc. (RJF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Raymond James Financial, Inc. (RJF) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 648M | 842M | 998M | 822M | 673M | 1.2B | 2.38B | 2.13B | 2.15B | 2.22B |
| 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 Income | 802M | 1.04B | 1.28B | 1B | 823M | 1.51B | 3.75B | 4.23B | 3.99B | 3.97B |
| Interest Expense | 154M | 202M | 283M | 178M | 150M | 305M | 1.37B | 2.1B | 1.85B | 1.75B |
| Loan Loss Provision | 13M | 20M | 22M | 233M | -32M | 100M | 132M | 45M | 37M | 21M |
| Non-Interest Income | 5.64B | 6.34B | 6.65B | 7.07B | 8.96B | 9.65B | 9.09B | 10.51B | 11.92B | 12.38B |
| 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 Expense | 5.35B | 5.85B | 6.25B | 6.6B | 7.87B | 8.73B | 9.06B | 9.95B | 9.47B | 11.82B |
| Efficiency Ratio | 83.06% | 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 Tax | 289M | 454M | 341M | 234M | 388M | 513M | 541M | 575M | 579M | 610M |
| 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) | 636M | 857M | 1.03B | 818M | 1.4B | 1.51B | 1.74B | 2.07B | 2.13B | 2.15B |
| 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) | 2.96 | 3.93 | 4.88 | 3.96 | 6.81 | 7.16 | 8.16 | 9.94 | 10.53 | - |
| Diluted Shares Outstanding | 219.9M | 223.2M | 216M | 210.3M | 211.2M | 215.3M | 216.9M | 212.3M | 206.6M | 199.2M |
Raymond James Financial, Inc. (RJF) balance sheet — assets, liabilities & shareholders' equity
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 6.83B | 7.27B | 8.1B | 13.97B | 15.52B | 15.99B | 18.47B | 19.25B | 18.28B | 69.95B |
| Cash & Due from Banks | 3.67B | 3.5B | 3.96B | 5.39B | 7.2B | 6.18B | 9.31B | 11B | 11.39B | 10.2B |
| Short Term Investments | 3.16B | 3.77B | 4.14B | 8.59B | 8.31B | 9.81B | 9.16B | 8.25B | 6.89B | 8.59B |
| Total Investments | 22.15B | 25.35B | 27.05B | 31.92B | 34.98B | 54.67B | 54.63B | 55.97B | 7.28B | 62.1B |
| Investments Growth % | 13.63% | 14.47% | 6.7% | 17.99% | 9.59% | 56.29% | -0.06% | 2.44% | -87% | -62.57% |
| Long-Term Investments | 18.99B | 21.58B | 22.91B | 23.33B | 26.66B | 44.86B | 45.48B | 47.72B | 390M | 161.28B |
| Accounts Receivables | 2.77B | 3.34B | 2.67B | 2.44B | 2.83B | 2.93B | 2.52B | 2.71B | 2.82B | 0 |
| Goodwill & Intangibles | 493.18M | 639.25M | 611M | 600M | 882M | 1.93B | 1.91B | 1.89B | 1.85B | 0 |
| Goodwill | 410.72M | 478.25M | 464M | 466M | 660M | 1.42B | 1.44B | 1.45B | 1.45B | 0 |
| Intangible Assets | 82.46M | 161M | 147M | 134M | 222M | 509M | 470M | 435M | 396M | 0 |
| PP&E (Net) | 437.37M | 486.27M | 527M | 856M | 945M | 983M | 1.12B | 1.2B | 1.54B | 0 |
| Other Assets | 4.01B | 2.94B | 2.83B | 4.97B | 13.62B | 11.84B | 6.33B | 7.53B | 61.51B | 4.07B |
| Total Current Assets | 10.64B | 11.56B | 11.72B | 17.46B | 19.47B | 20.71B | 22.81B | 24B | 21.1B | 21.71B |
| Total Non-Current Assets | 24.25B | 25.85B | 27.11B | 30.02B | 42.42B | 60.24B | 55.55B | 58.99B | 67.13B | 57.58B |
| 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 Payable | 5.58B | 5.83B | 4.36B | 6.79B | 13.99B | 11.45B | 5.45B | 5.83B | 5.85B | 0 |
| Total Debt | 3.28B | 2.63B | 2.59B | 3.53B | 3.17B | 3.79B | 3.48B | 4.03B | 4.54B | 3.52B |
| Net Debt | -385.88M | -865M | -1.36B | -1.86B | -4.03B | -2.38B | -5.84B | -6.97B | -6.84B | -6.68B |
| Long-Term Debt | 2.45B | 2.45B | 2.44B | 2.93B | 2.9B | 3.33B | 3.14B | 3.09B | 4.22B | 3.52B |
| Short-Term Debt | 830.94M | 186M | 150M | 250M | 277M | 466M | 337M | 938M | 325M | 0 |
| Other Liabilities | 2.37B | 2.32B | 2.65B | 2.94B | 3.75B | 4.08B | 4.33B | 4.49B | 5.54B | 0 |
| Total Current Liabilities | 24.37B | 26.19B | 27.09B | 34.08B | 46.94B | 64.11B | 60.7B | 63.75B | 65.97B | 60.61B |
| Total Non-Current Liabilities | 4.82B | 4.77B | 5.1B | 6.22B | 6.65B | 7.41B | 7.47B | 7.58B | 9.76B | 3.52B |
| Total Liabilities | 29.19B | 30.96B | 32.19B | 40.31B | 53.59B | 71.52B | 68.17B | 71.33B | 75.73B | 64.14B |
| 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 Share | 25.89 | 28.91 | 30.75 | 34.12 | 39.31 | 43.81 | 46.97 | 54.96 | 60.52 | 76.07 |
| Tangible BV per Share | 23.65 | 26.04 | 27.93 | 31.27 | 35.14 | 34.84 | 38.17 | 46.07 | 51.58 | 76.07 |
| Common Stock | 1.54M | 1.56M | 2M | 2M | 2M | 2M | 2M | 2M | 3M | 0 |
| Additional Paid-in Capital | 1.65B | 1.81B | 1.94B | 2.01B | 2.09B | 2.99B | 3.14B | 3.25B | 3.23B | 0 |
| Retained Earnings | 4.34B | 5.03B | 5.87B | 6.48B | 7.63B | 8.84B | 10.21B | 11.89B | 13.6B | 0 |
| Accumulated OCI | -15.2M | -26.93M | -23M | 11M | -41M | -982M | -971M | -502M | -396M | 0 |
| Treasury Stock | -390.08M | -447.27M | -1.21B | -1.39B | -1.44B | -1.51B | -2.25B | -3.05B | -4.02B | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 120M | 79M | 79M | 79M | 0 |
Raymond James Financial, Inc. (RJF) cash flow — operating, investing & free cash flow history
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -125M | 884M | 577M | 4.07B | 6.65B | 72M | -3.51B | 2.15B | 2.43B | 2.43B |
| Operating CF Growth % | 75.88% | 807.2% | -34.73% | 605.89% | 63.2% | -98.92% | -4980.56% | 161.33% | 12.95% | -129.51% |
| Net Income | 636.24M | 850.92M | 1.03B | 818M | 1.4B | 1.51B | 1.74B | 2.07B | 2.13B | 2.15B |
| Depreciation & Amortization | 84.13M | 98.73M | 112M | 119M | 134M | 145M | 165M | 179M | 195M | 46M |
| Deferred Taxes | -12M | 117M | -23M | -39M | -37M | -16M | -88M | -83M | -52M | -2M |
| Other Non-Cash Items | 89M | -35M | 165M | 371M | 4M | 390M | 206M | -267M | 9M | -11M |
| Working Capital Changes | -1.03B | -253M | -823M | 2.68B | 5.01B | -2.15B | -5.77B | 4M | -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 Investments | 393M | 540M | 644M | 1.42B | 3.18B | 1.79B | 1.26B | 2.03B | 304M | 1.01B |
| Net Investment Activity | -1.34B | -584M | -383M | -4.29B | -1.04B | -1.28B | 550M | 1.49B | 29M | 900.98M |
| Acquisitions | 0 | -159.2M | -5M | -5M | -266M | 1.46B | 0 | 0 | 0 | 0 |
| Other Investing | -1.85B | -2.6B | -1.37B | -561M | -3.76B | -7.24B | -651M | -2.25B | -4.16B | -5.49B |
| Cash from Financing | 4.07B | 1.42B | 1.37B | 4.57B | 5.23B | 5.88B | 1.44B | 438M | 2.36B | 3.45B |
| 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 Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9M |
| Net Stock Activity | -34M | -62M | -778M | -291M | -150M | -216M | -862M | -984M | -1.27B | -1.31B |
| Debt Issuance (Net) | 1000K | -1000K | -1000K | 1000K | -1000K | 1000K | -1000K | -1000K | -1000K | 1000K |
| Other Financing | 3.5B | 2.25B | 2.35B | 4.58B | 5.74B | 6.31B | 2.89B | 1.85B | 4.29B | 3.88B |
| 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 Effect | 47M | -33M | -23M | 1M | 76M | -590M | 239M | 175M | -35M | 176M |
| Cash at Beginning | 6.54B | 7.15B | 5.94B | 5.97B | 9.63B | 16.45B | 14.66B | 12.55B | 14.35B | 14B |
| Cash at End | 7.15B | 5.94B | 5.97B | 9.63B | 16.45B | 14.66B | 12.55B | 14.35B | 14.79B | 5.26M |
| Interest Paid | 156M | 201M | 283M | 164M | 145M | 323M | 1.31B | 2.12B | 1.85B | -948M |
| Income Taxes Paid | 349M | 231M | 390M | 246M | 437M | 524M | 565M | 664M | 651M | -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% |
Raymond James Financial, Inc. (RJF) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 Margin | 1.86% | 2.25% | 2.57% | 1.73% | 1.09% | 1.49% | 3.03% | 2.57% | 2.43% | 2.8% |
| Efficiency Ratio | 83.06% | 79.24% | 78.81% | 81.86% | 80.48% | 78.24% | 70.52% | 67.51% | 59.5% | 72.31% |
| Equity / Assets | 16.32% | 17.25% | 17.11% | 15.11% | 13.42% | 11.65% | 13% | 14.06% | 14.17% | 19.11% |
| Book Value / Share | 25.89 | 28.91 | 30.75 | 34.12 | 39.31 | 43.81 | 46.97 | 54.96 | 60.52 | 76.07 |
| NII Growth | 23.58% | 29.94% | 18.53% | -17.64% | -18.13% | 78.75% | 97.42% | -10.32% | 0.8% | 5.46% |
| Dividend Payout | 19.97% | 17.62% | 18.47% | 25.06% | 15.54% | 18.36% | 20.41% | 18.52% | 19.48% | 14.76% |
Raymond James Financial, Inc. (RJF) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 22, 2026·SEC
Mar 25, 2026·SEC
Feb 23, 2026·SEC
Nov 25, 2025·SEC
Raymond James Financial, Inc. (RJF) stock FAQ — growth, dividends, profitability & financials explained
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).
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.
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.
Raymond James Financial, Inc. (RJF) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates