Raymond James Financial, Inc.
RJF · NYSE
Next quarter
Reports Oct 28, 2026.
Consensus is $3.39 EPS for Sep 2026 across 6 estimates, ranging $3.33 to $3.47.
RJF Jun 2026
- 7.90%
- -1.11%
- $2.91
- $3.14
- —
- $4.36B
Reported results
- $4.36B
- $595.00M
- $3.01
Highlights
- Total revenues were $4.362 billion, up from $3.842 billion in the year-ago quarter; net revenues were $3.928 billion versus $3.398 billion.
- Asset management and related administrative fees increased to $2.075 billion from $1.733 billion, while total brokerage revenues rose to $629 million from $559 million.
- Investment banking revenue was $291 million versus $212 million, account and service fees were $316 million versus $302 million, and interest income was $994 million versus $990 million.
- Net income was $595 million, or $3.01 diluted earnings per share, compared with $436 million and $2.12 in the prior-year quarter.
- Nine-month additions to property and equipment were $153 million, compared with $144 million in the prior-year period; no forward revenue, earnings or capital-expenditure guidance appears in the supplied material.
Analysis
No consensus figures are on file, so the quarter cannot be assessed against expectations. Raymond James delivered total revenue of $4.362 billion, up from $3.842 billion in the year-ago quarter and ahead of the $4.26 billion reported in the prior quarter. Asset management fees were the largest contributor, rising to $2.075 billion from $1.733 billion. Brokerage revenue increased to $629 million, investment banking climbed to $291 million, and account and service fees reached $316 million. Interest income was broadly stable at $994 million versus $990 million. Net income rose to $595 million from $436 million, while diluted earnings per share increased to $3.01 from $2.12. Compensation, commissions and benefits grew to $2.579 billion from $2.202 billion, but total non-interest expenses increased less sharply than net revenues, reaching $3.178 billion from $2.835 billion. The filing does not provide operating-margin figures or explain the quarter through segment profitability.
Guidance
The supplied filing material does not include management guidance for the next quarter, the remainder of fiscal 2026 or fiscal 2027. No forward ranges for revenue, earnings, margins, capital expenditures, loan growth or other operating metrics are provided, and there is no prior guide against which to compare current expectations. The filing does report nine-month additions to property and equipment of $153 million, versus $144 million in the prior-year period, but this is a historical spending figure rather than a forward capex outlook. Accordingly, the periods ahead cannot be evaluated from management’s stated assumptions or caveats in the supplied text.
What drove it
- Asset Management — Asset management and related administrative fees were $2.075 billion, compared with $1.733 billion in the year-ago quarter.
- Brokerage Revenue — Total brokerage revenues increased to $629 million from $559 million, including securities commissions of $503 million.
- Investment Banking — Investment banking revenue rose to $291 million from $212 million.
- Earnings Growth — Net income increased to $595 million from $436 million, while diluted earnings per share rose to $3.01 from $2.12.
Watch items
- Account and service fees declined to $935 million for the nine months from $965 million in the prior-year period.
- Principal transactions revenue fell to $388 million for the nine months from $396 million.
- Compensation, commissions and benefits increased to $2.579 billion in the quarter from $2.202 billion, contributing to higher total non-interest expenses of $3.178 billion versus $2.835 billion.
- Net cash provided by operating activities fell to $843 million for the nine months from $1.638 billion, while additions to property and equipment increased to $153 million from $144 million.
