Raymond James Financial, Inc. (FRA:RJF)

Raymond James Financial Income Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Interest and Dividend Income	3,974	3,994	4,232	3,748	1,508	823
Total Interest Expense	1,790	1,847	2,102	1,373	305	150
Net Interest Income	2,184	2,147	2,130	2,375	1,203	673
Brokerage Commission	1,821	1,775	1,651	1,459	1,589	1,651
Trading & Principal Transactions	536	529	492	462	527	561
Asset Management Fee	7,334	7,078	6,196	5,363	5,563	4,868
Underwriting & Investment Banking Fee	952	1,069	858	648	1,100	1,143
Gain on Sale of Investments (Rev)	-2	-2	-	-	9	38
Other Revenue	1,425	1,456	1,515	1,335	910	847
Revenue Before Loan Losses	14,250	14,052	12,842	11,642	10,901	9,781
Provision for Loan Losses	34	37	45	132	74	-32
Revenue	14,216	14,015	12,797	11,510	10,827	9,813
Revenue Growth (YoY)	7.38%	9.52%	11.18%	6.31%	10.33%	26.51%
Salaries & Employee Benefits	9,216	9,037	8,171	7,219	7,269	6,535
Cost of Services Provided	1,772	1,725	1,541	1,403	1,215	1,014
Other Operating Expenses	491	496	368	532	309	293
Total Operating Expenses	11,479	11,258	10,080	9,154	8,793	7,842
Operating Income	2,737	2,757	2,717	2,356	2,034	1,971
Currency Exchange Gains	13	13	-21	-23	102	-21
EBT Excluding Unusual Items	2,750	2,770	2,696	2,333	2,136	1,950
Merger & Restructuring Charges	-57	-56	-53	-85	-114	-61
Other Unusual Items	-	-	-	-	-	-98
Pretax Income	2,693	2,714	2,643	2,280	2,022	1,791
Income Tax Expense	595	579	575	541	513	388
Earnings From Continuing Ops.	2,098	2,135	2,068	1,739	1,509	1,403
Net Income	2,098	2,135	2,068	1,739	1,509	1,403
Preferred Dividends & Other Adjustments	8	8	9	11	7	2
Net Income to Common	2,090	2,127	2,059	1,728	1,502	1,401
Net Income Growth	-3.32%	3.24%	18.92%	15.24%	7.56%	71.52%
Shares Outstanding (Basic)	200	202	207	212	210	206
Shares Outstanding (Diluted)	205	207	212	217	215	211
Shares Change (YoY)	-3.08%	-2.69%	-2.12%	0.74%	1.94%	0.43%
EPS (Basic)	10.43	10.53	9.94	8.16	7.16	6.81
EPS (Diluted)	10.22	10.30	9.70	7.97	6.98	6.63
EPS Growth	-0.17%	6.19%	21.71%	14.18%	5.28%	70.88%
Free Cash Flow	-	2,246	1,950	-3,687	-19	6,573
Free Cash Flow Per Share	-	10.87	9.19	-17.00	-0.09	31.12
Dividend Per Share	2.040	2.000	1.800	1.680	1.360	1.040
Dividend Growth	10.27%	11.11%	7.14%	23.53%	30.77%	5.05%
Operating Margin	19.25%	19.67%	21.23%	20.47%	18.79%	20.09%
Profit Margin	14.70%	15.18%	16.09%	15.01%	13.87%	14.28%
Free Cash Flow Margin	-	16.03%	15.24%	-32.03%	-0.18%	66.98%
Effective Tax Rate	22.09%	21.33%	21.76%	23.73%	25.37%	21.66%
Revenue as Reported	16,053	15,912	14,923	12,992	11,308	9,910

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.