Last 48 quarters of trend data · Financial Services · Financial - Capital Markets
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Raymond James Financial, Inc.'s quarterly P/E stands at 13.3x, down 9.6% year-over-year. EV/EBITDA has compressed 5.9% YoY to 7.5x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 15.47 | 13.31 | 14.39 | 14.58 | 18.09 | 14.72 | 13.58 | 10.70 | 13.38 | 14.46 | 12.02 | 12.43 | 15.17 |
| — | -9.6% | +6.0% | +36.2% | +35.2% | +1.8% | +13.0% | -13.9% | -11.8% | +19.7% | +3.5% | -0.4% | -6.3% | |
| P/S Ratio | 1.97 | 1.69 | 1.94 | 2.16 | 2.08 | 1.91 | 2.04 | 1.64 | 1.77 | 1.91 | 1.71 | 1.55 | 1.71 |
| — | -11.5% | -5.1% | +31.3% | +17.8% | +0.3% | +19.1% | +6.4% | +3.1% | +16.4% | -12.9% | -15.9% | -2.6% | |
| P/B Ratio | 2.63 | 1.90 | 2.57 | 2.85 | 2.57 | 2.37 | 2.72 | 2.23 | 2.35 | 2.50 | 2.21 | 2.11 | 2.25 |
| — | -19.7% | -5.6% | +28.0% | +9.6% | -5.0% | +23.2% | +5.7% | +4.4% | +21.7% | -7.7% | -8.8% | +10.6% | |
| P/FCF | 13.98 | — | 83.36 | 11.85 | 12.43 | 102.08 | 10.30 | 14.13 | 10.02 | 20.03 | 12.09 | 14.02 | — |
| — | — | +709.6% | -16.1% | +24.1% | +409.6% | -14.8% | +0.8% | — | — | — | — | — | |
| EV / EBITDA | 5.17 | 7.54 | 9.29 | 9.20 | 10.66 | 8.01 | 8.26 | 5.89 | 7.76 | 8.29 | 6.43 | 6.23 | 8.16 |
| — | -5.9% | +12.4% | +56.1% | +37.3% | -3.4% | +28.5% | -5.4% | -4.9% | +25.6% | -14.2% | -15.8% | -14.2% | |
| EV / EBIT | 5.39 | 7.54 | 9.29 | 9.85 | 11.59 | 8.57 | 8.78 | 6.26 | 8.30 | 8.91 | 6.86 | 6.68 | 8.87 |
| — | -12.1% | +5.8% | +57.4% | +39.5% | -3.8% | +28.0% | -6.3% | -6.3% | +25.6% | -13.8% | -15.2% | -14.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Raymond James Financial, Inc.'s operating margin was 17.2% in Q2 2026, down 0.2 pp QoQ and down 0.5 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 88.2% | 90.5% | 89.4% | 88.6% | 87.9% | 87.9% | 87.5% | 85.8% | 85.9% | 84.9% | 85.1% | 85.7% | 86.5% |
| — | +3.0% | +2.2% | +3.4% | +2.3% | +3.5% | +2.8% | +0.1% | -0.7% | -5.6% | -7.0% | -8.0% | -9.7% | |
| Operating Margin | 28.7% | 17.2% | 17.4% | 17.7% | 14.9% | 17.7% | 18.8% | 19.2% | 17.3% | 16.9% | 18.1% | 16.8% | 14.9% |
| — | -2.6% | -7.3% | -7.9% | -14.2% | +4.5% | +3.9% | +14.2% | +16.1% | -5.1% | -16.9% | -18.9% | -1.4% | |
| Net Margin | 13.4% | 12.8% | 13.5% | 14.6% | 11.5% | 13.1% | 15.1% | 15.2% | 13.2% | 13.2% | 14.3% | 12.5% | 11.3% |
| — | -2.2% | -10.5% | -4.0% | -13.1% | -1.4% | +5.3% | +21.9% | +16.8% | -3.2% | -15.9% | -15.6% | +3.3% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.7% | 3.9% | 4.5% | 4.9% | 3.6% | 4.1% | 5.1% | 5.3% | 4.4% | 4.4% | 4.8% | 4.3% | 3.7% |
| — | -4.3% | -11.7% | -7.4% | -19.8% | -6.3% | +7.1% | +22.0% | +19.6% | +1.4% | -10.1% | -7.0% | +11.6% | |
| ROA | 2.5% | 0.6% | 0.6% | 0.7% | 0.5% | 0.6% | 0.7% | 0.7% | 0.6% | 0.6% | 0.6% | 0.6% | 0.5% |
| — | +8.2% | -12.4% | -5.1% | -14.6% | +1.4% | +15.5% | +32.3% | +29.2% | +7.9% | -2.5% | +5.9% | +24.5% | |
| ROIC | 20.9% | 3.1% | 3.2% | 3.3% | 2.6% | 3.2% | 3.6% | 3.7% | 3.1% | 3.1% | 3.4% | 3.3% | 2.7% |
| — | -3.1% | -10.6% | -9.5% | -15.9% | +3.3% | +6.1% | +12.3% | +17.5% | +0.1% | -9.1% | -6.3% | +8.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Raymond James Financial, Inc.'s Debt/EBITDA ratio is 4.8x, down from 6.3x last quarter — elevated, raising questions about debt serviceability.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.36 | 0.23 | 0.36 | 0.36 | 0.31 | 0.30 | 0.32 | 0.35 | 0.38 | 0.39 | 0.34 | 0.34 | 0.33 |
| — | -22.7% | +12.9% | +5.3% | -18.8% | -23.1% | -4.6% | +1.2% | +13.3% | -2.9% | -1.5% | -15.2% | -17.0% | |
| Debt / EBITDA | 0.96 | 4.79 | 6.30 | 5.80 | 6.16 | 5.12 | 4.85 | 4.99 | 6.16 | 6.56 | 5.44 | 5.54 | 6.29 |
| — | -6.4% | +30.1% | +16.3% | +0.1% | -22.0% | -10.9% | -10.0% | -2.1% | -2.2% | +11.3% | -4.2% | -25.9% | |
| Current Ratio | 0.32 | 0.36 | 0.31 | 0.32 | 0.33 | 0.34 | 0.35 | 0.38 | 0.36 | 0.38 | 0.38 | 0.38 | 0.38 |
| — | +4.4% | -10.4% | -15.1% | -10.5% | -10.2% | -7.4% | -0.4% | -4.9% | -1.0% | +8.5% | +16.5% | +21.9% | |
| Quick Ratio | 0.32 | 0.36 | 0.31 | 0.32 | 0.33 | 0.34 | 0.35 | 0.38 | 0.36 | 0.38 | 0.38 | 0.38 | 0.38 |
| — | +4.4% | -10.4% | -15.1% | -10.5% | -10.2% | -7.4% | -0.4% | -4.9% | -1.0% | +8.5% | +16.5% | +21.9% | |
| Interest Coverage | 2.47 | 1.82 | 1.65 | 1.58 | 1.27 | 1.52 | 1.50 | 1.40 | 1.21 | 1.17 | 1.24 | 1.27 | 1.26 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Raymond James Financial, Inc.'s current P/E is 15.5x. The average P/E over the last 4 quarters is 15.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Raymond James Financial, Inc.'s current operating margin is 28.7%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Raymond James Financial, Inc.'s business trajectory between earnings reports.