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MARKETS / NYSE / Financials / Brokerage and capital markets / RJF
NYSE · SECURITY BROKERS, DEALERS & FLOTATION COMPANIES · LARGE CAP

Raymond James Financial Inc. RJF

18 fiscal years on record · USD · FY2025 reported · SEC filings only
5 YEARS OF DIVIDEND GROWTH
$15.9B
▲ 6.6% YoY
$2.1B
▲ 3.2% YoY
$2.2B
▲ 15.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Raymond James Financial provides private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. As of September 30, 2025, it had approximately 19,500 associates, including 3,878 employee financial advisors, and 5,065 independent advisors. It currently operates through five segments — Private Client Group, Capital Markets, Asset Management, Bank and Other. The Capital Markets segment conducts investment banking, institutional sales, securities trading, equity research, and the syndication and management of investments in low-income housing funds and similar funds. The Asset Management segment provides asset management, portfolio management and related administrative services to retail and institutional clients. The Bank segment reflects the results of banking operations conducted through Raymond James Bank, a Florida-chartered state member bank, and TriState Capital Bank, a Pennsylvania-chartered state member bank. Established in 1962 and public since 1983, RJF is listed on the New York Stock Exchange under the symbol "RJF."

Written from the business description in RAYMOND JAMES FINANCIAL INC's annual report to the U.S. Securities and Exchange Commission, filed 25 November 2025. Every sentence was checked against that document before publication.

Growth

USD 15.9B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 15.9 · Net income 2.1
10B20B
2008201120142017202020232025
Compound annual growth
+12.1%
+14.3%
+11.6%
+11.8%
+12.3%
+21.2%
+15.6%
+16.1%
+13.8%
+21.6%
+13.7%
+15.1%
+17.6%
+4.6%
+14.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +14.3% a year over the five years to FY2025 — but profit grew faster: net income at +21.2%, earnings per share at +21.6%.

The share count fell from 0.20B to 0.20B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

13 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating · · Net 13.4%
5%10%15%
200820162025
ROE
FY2025 · ROE 17.7%
5%10%15%
200820162025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.
Gross margin·
Operating margin·
Net margin13.4%
EBITDA·

Each USD of equity produced 18 cents of profit this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 2.2
2.5B5.0B-1.5B-3.0B
200820162025
Net buybacks $M Dividends $M
FY2021 · Dividends 218.0 · Net buybacks 128.0
400M800M-150M-300MDividendsNet buybacks
20082010201220142016201820202021
Dividends paid·
Net buybacks·
Share of profit·
Consecutive raises5 years (since the 2020 share-count change)

Total assetsUSD 88.2B
EquityUSD 12.5B
CashUSD 11.4B
DepositsUSD 58.9B

Equity funds 14% of total assets.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
RJF, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B15.914.913.011.39.98.28.07.56.55.55.35.04.63.93.43.02.63.2
Operating income $B◌◌2.32.01.81.11.41.30.90.80.80.70.6◌◌◌◌◌
EBITDA $B◌◌2.42.21.91.21.51.41.00.90.90.80.6◌◌◌◌◌
Income tax $B0.60.60.50.50.40.20.30.50.30.30.30.30.20.20.20.10.10.2
Net income $B2.12.11.71.51.40.81.00.90.60.50.50.50.40.30.30.20.20.2
Free cash flow $B2.21.9−3.7−0.06.63.90.40.8−0.3−0.70.80.40.60.31.5−1.00.30.2
EPS, diluted $10.309.707.976.986.633.884.785.754.333.653.433.322.582.202.191.831.251.93
Dividend / sh $2.001.801.681.361.040.990.911.100.880.800.720.640.560.520.520.440.44◌
Payout %————1625181820212118212323253523
ROE %17.718.917.717.018.311.916.014.312.111.211.612.310.610.111.410.57.5◌
Shares out B0.200.200.210.220.210.200.140.150.140.140.14◌◌◌◌◌◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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UNH · BRK-A · BRK-B · CI · ELV · CNC
Provenance

Company facts, as filed

How we verify · 0 failures · 1 divergence in 53 reconciliationsAUDITED

Reconciled in 17 of the 18 fiscal years we could check. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. Two checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures1 divergent
ActivitySecurity Brokers, Dealers & Flotation Companies
Listed onNYSE
Incorporated inFlorida
Fiscal year endsSeptember 30
Data on record since2008

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