NYSE : RJF
Raymond James Financial, Inc. — Financial statements
Financials · Asset Management · United States
Last price 157.22 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 30.24B
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Financial statements
Raymond James Financial, Inc. (RJF) reported revenue of 15.82B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 4.00B | 4.00B | 3.99B | 4.23B | 3.75B | 1.51B |
| Total Interest Expense | 1.75B | 1.75B | 1.85B | 2.10B | 1.37B | 305.00M |
| Net Interest Income | 2.25B | 2.25B | 2.15B | 2.13B | 2.38B | 1.20B |
| Brokerage Commission | 2.00B | 2.00B | 1.77B | 1.65B | 1.46B | 1.59B |
| Trading & Principal Transactions | 495.00M | 495.00M | 529.00M | 492.00M | 462.00M | 527.00M |
| Asset Management Fee | 8.40B | 8.40B | 7.08B | 6.20B | 5.36B | 5.56B |
| Underwriting & Investment Banking Fee | 1.15B | 1.15B | 1.07B | 858.00M | 648.00M | 1.10B |
| Gain on Sale of Investments (Rev) | -2.00M | 9.00M | ||||
| Other Revenue | 1.50B | 1.50B | 1.46B | 1.51B | 1.33B | 910.00M |
| Revenue Before Loan Losses | 15.79B | 15.79B | 14.05B | 12.84B | 11.64B | 10.90B |
| Provision for Loan Losses | -32.00M | -32.00M | 37.00M | 45.00M | 132.00M | 74.00M |
| Revenue | 15.82B | 15.82B | 14.02B | 12.80B | 11.51B | 10.83B |
| Salaries & Employee Benefits | 10.31B | 10.31B | 9.04B | 8.17B | 7.22B | 7.27B |
| Cost of Services Provided | 1.92B | 1.92B | 1.73B | 1.54B | 1.40B | 1.22B |
| Other Operating Expenses | 448.00M | 448.00M | 496.00M | 368.00M | 532.00M | 309.00M |
| Total Operating Expenses | 12.67B | 12.67B | 11.26B | 10.08B | 9.15B | 8.79B |
| Operating Income | 3.15B | 3.15B | 2.76B | 2.72B | 2.36B | 2.03B |
| Currency Exchange Gains | 13.00M | -21.00M | -23.00M | 102.00M | ||
| EBT Excluding Unusual Items | 3.15B | 3.15B | 2.77B | 2.70B | 2.33B | 2.14B |
| Merger & Restructuring Charges | -76.00M | -76.00M | -56.00M | -53.00M | -85.00M | -114.00M |
| Pretax Income | 3.08B | 3.08B | 2.71B | 2.64B | 2.28B | 2.02B |
| Income Tax Expense | 707.00M | 707.00M | 579.00M | 575.00M | 541.00M | 513.00M |
| Earnings From Continuing Ops. | 2.37B | 2.37B | 2.13B | 2.07B | 1.74B | 1.51B |
| Net Income | 2.37B | 2.37B | 2.13B | 2.07B | 1.74B | 1.51B |
| Preferred Dividends & Other Adjustments | 6.00M | 6.00M | 8.00M | 9.00M | 11.00M | 7.00M |
| Net Income to Common | 2.36B | 2.36B | 2.13B | 2.06B | 1.73B | 1.50B |
| Shares Outstanding (Basic) | 194.80M | 194.80M | 202.00M | 207.10M | 211.80M | 209.90M |
| Shares Outstanding (Diluted) | 198.30M | 198.30M | 206.60M | 212.30M | 216.90M | 215.30M |
| EPS (Basic) | 12.13 | 12.13 | 10.53 | 9.94 | 8.16 | 7.16 |
| EPS (Diluted) | 11.91 | 11.91 | 10.30 | 9.70 | 7.97 | 6.98 |
| Free Cash Flow | 2.25B | 1.95B | -3.69B | -19.00M | ||
| Free Cash Flow Per Share | 10.87 | 9.19 | -17.00 | -0.09 | ||
| Dividend Per Share | 2.00 | 1.80 | 1.68 | 1.36 | ||
| Operating Margin | 19.91% | 19.91% | 19.67% | 21.23% | 20.47% | 18.79% |
| Profit Margin | 14.93% | 14.93% | 15.18% | 16.09% | 15.01% | 13.87% |
| Free Cash Flow Margin | 16.03% | 15.24% | -32.03% | -0.18% | ||
| Effective Tax Rate | 22.99% | 22.99% | 21.33% | 21.76% | 23.73% | 25.37% |
| Revenue as Reported | 17.54B | 17.54B | 15.91B | 14.92B | 12.99B | 11.31B |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 11.39B | 11.00B | 9.31B | 6.18B | ||
| Short-Term Investments | 4.10B | 4.10B | 3.65B | 9.19B | ||
| Trading Asset Securities | 1.59B | 1.56B | 1.45B | 270.00M | ||
| Accounts Receivable | 2.82B | 2.71B | 2.52B | 2.93B | ||
| Other Receivables | 54.59B | 48.96B | 46.37B | 45.87B | ||
| Property, Plant & Equipment | 942.00M | 901.00M | 1.12B | 983.00M | ||
| Goodwill | 1.45B | 1.45B | 1.44B | 1.42B | ||
| Other Intangible Assets | 707.00M | 737.00M | 470.00M | 509.00M | ||
| Investments in Debt & Equity Securities | 7.26B | 8.54B | 9.46B | 10.09B | ||
| Other Current Assets | 237.00M | 240.00M | 209.00M | 1.36B | ||
| Long-Term Deferred Tax Assets | 671.00M | 651.00M | 711.00M | 630.00M | ||
| Other Long-Term Assets | 2.06B | 1.95B | 1.49B | 1.38B | ||
| Total Assets | 88.23B | 82.99B | 78.36B | 80.95B | ||
| Accounts Payable | 5.85B | 5.83B | 5.45B | 11.45B | ||
| Accrued Expenses | 2.60B | 2.33B | 1.91B | 1.79B | ||
| Short-Term Debt | 1.30B | 1.16B | 827.00M | 996.00M | ||
| Current Portion of Long-Term Debt | 150.00M | |||||
| Current Portion of Leases | 133.00M | |||||
| Other Current Liabilities | 25.58B | 22.07B | 1.44B | 1.46B | ||
| Long-Term Debt | 4.22B | 3.09B | 2.99B | 3.33B | ||
| Long-Term Leases | 405.00M | 533.00M | 539.00M | 482.00M | ||
| Long-Term Deferred Tax Liabilities | 4.00M | 8.00M | 14.00M | |||
| Other Long-Term Liabilities | 35.63B | 36.32B | 54.84B | 51.98B | ||
| Total Liabilities | 75.73B | 71.33B | 68.17B | 71.52B | ||
| Common Stock | 3.00M | 2.00M | 2.00M | 2.00M | ||
| Additional Paid-In Capital | 3.23B | 3.25B | 3.14B | 2.99B | ||
| Retained Earnings | 13.60B | 11.89B | 10.21B | 8.84B | ||
| Comprehensive Income & Other | -396.00M | -502.00M | -971.00M | -982.00M | ||
| Total Common Equity | 12.70B | 12.70B | 12.42B | 11.59B | 10.13B | 9.34B |
| Minority Interest | 1.00M | -6.00M | -27.00M | -26.00M | ||
| Shareholders' Equity | 12.78B | 12.78B | 12.50B | 11.67B | 10.19B | 9.43B |
| Total Liabilities & Equity | 88.23B | 82.99B | 78.36B | 80.95B | ||
| Total Debt | 6.08B | 6.08B | 6.06B | 4.78B | 4.50B | 4.81B |
| Net Cash (Debt) | 9.94B | 9.94B | 11.01B | 11.88B | 9.91B | 10.83B |
| Net Cash Per Share | 50.11 | 50.11 | 53.31 | 55.94 | 45.70 | 50.28 |
| Filing Date Shares Outstanding | 192.00M | 192.00M | 196.67M | 204.04M | 208.61M | 215.06M |
| Total Common Shares Outstanding | 192.00M | 192.00M | 198.14M | 203.29M | 208.77M | 215.12M |
| Working Capital | 39.66B | 37.37B | 53.88B | 50.22B | ||
| Book Value Per Share | 66.10 | 66.10 | 62.70 | 57.03 | 48.55 | 43.41 |
| Tangible Book Value | 10.09B | 10.09B | 10.27B | 9.41B | 8.23B | 7.41B |
| Tangible Book Value Per Share | 52.52 | 52.52 | 51.81 | 46.27 | 39.41 | 34.43 |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 2.13B | 2.07B | 1.74B | 1.51B | ||
| Depreciation & Amortization, Total | 109.00M | 102.00M | 96.00M | 83.00M | ||
| Gain (Loss) On Sale of Investments | -19.00M | -36.00M | -49.00M | 23.00M | ||
| Stock-Based Compensation | 254.00M | 254.00M | 237.00M | 192.00M | ||
| Change in Accounts Receivable | -106.00M | -362.00M | 257.00M | -203.00M | ||
| Change in Accounts Payable | 7.00M | 91.00M | -6.09B | -4.21B | ||
| Change in Other Net Operating Assets | 194.00M | 275.00M | 58.00M | 2.27B | ||
| Other Operating Activities | -146.00M | -294.00M | -174.00M | 207.00M | ||
| Operating Cash Flow | 2.43B | 2.15B | -3.51B | 72.00M | ||
| Capital Expenditures | -188.00M | -205.00M | -173.00M | -91.00M | ||
| Cash Acquisitions | 1.46B | |||||
| Investment in Securities | 1.38B | 1.49B | 576.00M | -1.28B | ||
| Other Investing Activities | -46.00M | -64.00M | -95.00M | -218.00M | ||
| Investing Cash Flow | -4.32B | -968.00M | -274.00M | -7.15B | ||
| Long-Term Debt Issued | 2.23B | 1.30B | 3.20B | 1.02B | ||
| Total Debt Issued | 2.23B | 1.30B | 3.20B | 1.02B | ||
| Long-Term Debt Repaid | -1.10B | -1.35B | -3.39B | -967.00M | ||
| Total Debt Repaid | -1.10B | -1.35B | -3.39B | -967.00M | ||
| Net Debt Issued (Repaid) | 1.13B | -50.00M | -191.00M | 58.00M | ||
| Issuance of Common Stock | 31.00M | 46.00M | 46.00M | 52.00M | ||
| Repurchase of Common Stock | -1.27B | -984.00M | -862.00M | -216.00M | ||
| Dividends Paid | -416.00M | -383.00M | -355.00M | -277.00M | ||
| Other Financing Activities | 2.88B | 1.81B | 2.84B | 6.26B | ||
| Financing Cash Flow | 2.36B | 438.00M | 1.44B | 5.88B | ||
| Foreign Exchange Rate Adjustments | -35.00M | 175.00M | 239.00M | -590.00M | ||
| Net Cash Flow | 439.00M | 1.80B | -2.11B | -1.79B | ||
| Free Cash Flow | 2.25B | 1.95B | -3.69B | -19.00M | ||
| Free Cash Flow Margin | 16.03% | 15.24% | -32.03% | -0.18% | ||
| Free Cash Flow Per Share | 10.87 | 9.19 | -17.00 | -0.09 | ||
| Cash Interest Paid | 1.85B | 2.12B | 1.31B | 323.00M | ||
| Cash Income Tax Paid | 651.00M | 664.00M | 565.00M | 524.00M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 31.22B | 30.40B | 34.41B | 25.22B | 20.97B | 21.33B |
| Last Close Price | 157.22 | 157.48 | 169.69 | 118.75 | 96.30 | 93.19 |
| PE Ratio | 13.63 | 12.87 | 16.18 | 12.25 | 12.14 | 14.20 |
| PS Ratio | 1.96 | 1.92 | 2.46 | 1.97 | 1.82 | 1.97 |
| PB Ratio | 2.38 | 2.38 | 2.75 | 2.16 | 2.06 | 2.26 |
| P/FCF Ratio | 21.52 | 15.32 | 12.93 | |||
| P/OCF Ratio | 18.94 | 14.14 | 11.70 | 296.22 | ||
| Debt / Equity Ratio | 0.48 | 0.48 | 0.48 | 0.41 | 0.44 | 0.51 |
| Debt / FCF Ratio | 2.70 | 2.45 | ||||
| Net Debt / Equity Ratio | -0.78 | -0.78 | -0.88 | -1.02 | -0.97 | -1.15 |
| Net Debt / FCF Ratio | -4.90 | -6.09 | 2.69 | 569.79 | ||
| Asset Turnover | 0.16 | 0.16 | 0.14 | 0.15 | ||
| Quick Ratio | 2.10 | 2.18 | 6.46 | 4.10 | ||
| Current Ratio | 2.12 | 2.19 | 6.50 | 4.20 | ||
| Return on Equity (ROE) | 18.73% | 18.73% | 17.67% | 18.93% | 17.73% | 17.02% |
| Return on Assets (ROA) | 2.49% | 2.56% | 2.18% | 2.11% | ||
| Return on Invested Capital (ROIC) | 12.86% | 12.97% | 12.39% | 13.65% | 12.42% | 11.50% |
| Earnings Yield | 7.34% | 7.79% | 6.20% | 8.20% | 8.29% | 7.07% |
| FCF Yield | 4.65% | 6.53% | 7.73% | -17.58% | -0.09% | |
| Dividend Yield | 1.33% | 1.15% | 1.45% | 1.67% | 1.37% | |
| Payout Ratio | 18.14% | 19.48% | 18.52% | 20.41% | 18.36% | |
| Buyback Yield / Dilution | 4.02% | 4.02% | 2.69% | 2.12% | -0.74% | -1.94% |
| Total Shareholder Return | 5.36% | 4.02% | 3.84% | 3.57% | 0.93% | -0.57% |