Raymond James Financial Inc (RJF)

Raymond 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 financial planning, investment advisory, securities transaction, investment services, portfolio management services, insurance and annuity products, and mutual funds; support to third-party mutual fund and annuity companies, including sales and marketing support, as well as distribution and accounting, and administrative services; margin loans; securities borrowing and lending services; and custodial, trade execution, research, and other support and services. The Capital Markets segment provides investment banking services, such as equity and debt underwriting, and merger and acquisition advisory; and fixed income and equity brokerage services. This segment also offers institutional sales, securities trading, equity research, and the syndication and management of investments in low-income housing funds and funds of a similar nature. The Asset Management segment provides asset management, portfolio management, and related administrative services to retail and institutional clients; and administrative support services, such as record-keeping. The Bank segment offers various types of loans, including securities-based, corporate, commercial and industrial, commercial real estate and construction, real estate investment trust, residential mortgage, and tax-exempt loans; Federal Deposit Insurance Corporation-insured deposit accounts; retail and corporate deposit; and liquidity management products and services. The Other segment engages in the private equity investments comprising investments in third-party funds. The company offers corporate, retail banking and trust services. Raymond James Financial, Inc. was founded in 1962 and is headquartered in Saint Petersburg, Florida.

Symbol
RJF
Exchange
NYSE
Sector
Financial Services
Industry
Asset Management
Market cap
$30.40B
52 week range
138.82 - 182.73

Valuation

Share price
$158.21 (close of 2026-10-02)
P/E (TTM)
13.53x
Price to book
2.38x
Price to free cash flow
21.08x
Enterprise value
$24.89B
Book value per share
$66.53

Price performance

PeriodChange
1 day-0.97%
5 days-1.04%
1 month-10.08%
3 months-2.74%
6 months+11.26%
Year to date-1.48%
1 year-4.96%
3 years+61.29%
5 years+67.10%
10 years+307.65%
All time+26268.33%

Members of Congress who disclosed RJF trades

Julie Johnson

Super investors holding RJF

Bill Nygren (Harris Associates LP) · Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates) · First Eagle Investment (First Eagle Investment Management, LLC)

Profitability and growth

Return on equity
17.07%
Return on assets
2.42%
Net margin
13.42%
EBITDA margin
29.89%
Revenue growth
6.63%
Net income growth
3.24%
Free cash flow growth
15.18%

Cash flow and balance sheet

Free cash flow yield (TTM)
4.74%
Net debt to EBITDA
-1.16x

Latest reported year

Period end
2025-09-30
Fiscal year
2025
Revenue
$15.91B
EBITDA
$4.76B
Net income
$2.13B
Earnings per share
$10.53
Interest expense
$1.85B
Shares outstanding
202.00M

Income statement by year

Period endRevenueNet incomeEPS
2025-09-30$15.91B$2.13B$10.53
2024-09-30$14.92B$2.07B$9.94
2023-09-30$12.99B$1.74B$8.16
2022-09-30$11.31B$1.51B$7.16
2021-09-30$9.91B$1.40B$6.81
2020-09-30$8.17B$818.00M$3.96
2019-09-30$8.02B$1.03B$4.88
2018-09-30$7.48B$857.00M$3.93
2017-09-30$6.53B$636.00M$2.95
2016-09-30$5.52B$529.35M$2.48

Margins and returns by year

Period endNet marginReturn on equity
2025-09-3013.42%17.07%
2024-09-3013.86%17.73%
2023-09-3013.39%17.07%
2022-09-3013.34%16.00%
2021-09-3014.16%16.90%
2020-09-3010.01%11.40%
2019-09-3012.89%15.57%
2018-09-3011.46%13.28%
2017-09-309.75%11.17%
2016-09-309.59%10.46%

Cash and debt by year

Period endCash
2025-09-30$11.39B
2024-09-30$11.00B
2023-09-30$9.31B
2022-09-30$6.18B
2021-09-30$7.20B
2020-09-30$5.39B
2019-09-30$3.96B
2018-09-30$3.50B
2017-09-30$3.67B
2016-09-30$1.65B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-09-30$2.25B$254.00M
2024-09-30$1.95B$254.00M
2023-09-30-$3.69B$237.00M
2022-09-30-$19.00M$192.00M
2021-09-30$6.57B$132.00M
2020-09-30$3.95B$120.00M
2019-09-30$439.00M$112.00M
2018-09-30$750.00M$99.00M
2017-09-30-$315.00M$109.00M
2016-09-30-$695.05M$78.53M

Dividend history

Most recent payment
2026-10-01
Paid in the last twelve months
$2.16
Payment dateDividend per share
2026-10-01$0.54
2026-07-01$0.54
2026-04-01$0.54
2026-01-02$0.54
2025-10-01$0.50
2025-07-01$0.50
2025-04-01$0.50
2025-01-02$0.50

Investor relations

Next earnings report

Next confirmed report
2026-10-28
Consensus EPS estimate
$3.39

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-22Jun/2026$2.91
2026-04-22Mar/2026$2.76
2026-01-28Dec/2025$2.83
2025-10-22Sep/2025$2.70
2025-07-23Jun/2025$2.37
2025-04-23Mar/2025$2.44
2025-01-29Dec/2024$2.75
2024-10-23Sep/2024$2.44

Filings and sources

Company website
raymondjames.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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