Raymond James Financial, Inc. (RJF)

Raymond James Financial Cash Flow 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
Net Income	2,098	2,135	2,068	1,739	1,509	1,403
Depreciation & Amortization	197	195	179	165	145	134
Stock-Based Compensation	240	254	254	237	192	132
Other Adjustments	-100.5	-43	-309	69	341	-28
Changes in Restricted Cash and Segregated Assets	-	-	-	-	2,100	-2,100
Changes in Trading Assets	-143	-99	-185	-163	527	-88
Change in Receivables	-231	-106	-362	257	-203	-420
Changes in Accounts Payable	-107	7	91	-6,088	-4,213	7,306
Changes in Accrued Expenses	149	279	404	123	-76	416
Changes in Other Operating Activities	-529	-188	15	147	-250	-108
Operating Cash Flow	1,594	2,434	2,155	-3,514	72	6,647
Operating Cash Flow Growth	-34.73%	12.95%	-	-	-98.92%	63.20%
Capital Expenditures	-193	-188	-205	-173	-91	-74
Purchases of Investments	-470	-675	-525	-686	-3,170	-4,191
Proceeds from Sale of Investments	2,133	2,299	2,425	1,942	1,977	3,437
Payments for Business Acquisitions	-	-	-	-	1,461	-266
Other Investing Activities	-6,622	-5,757	-2,663	-1,357	-7,328	-4,046
Investing Cash Flow	-5,249	-4,321	-968	-274	-7,151	-5,140
Short-Term Debt Issued	925	750	1,300	3,200	1,025	-
Short-Term Debt Repaid	-800	-1,000	-1,350	-3,391	-967	-31
Net Short-Term Debt Issued (Repaid)	125	-250	-50	-191	58	-31
Long-Term Debt Issued	-	1,480	-	-	-	737
Long-Term Debt Repaid	-	-98	-	-	-	-844
Net Long-Term Debt Issued (Repaid)	-	1,382	-	-	-	-107
Issuance of Common Stock	30	31	46	46	52	53
Repurchase of Common Stock	-1,595	-1,267	-984	-862	-216	-150
Net Common Stock Issued (Repurchased)	-1,565	-1,236	-938	-816	-164	-97
Repurchase of Preferred Stock	-	-	-	-40	-	-
Net Preferred Stock Issued (Repurchased)	-	-	-	-40	-	-
Common Dividends Paid	-423	-416	-383	-355	-277	-218
Other Financing Activities	4,293	2,881	1,809	2,840	6,262	5,685
Financing Cash Flow	3,437	2,361	438	1,438	5,879	5,232
Effect of Exchange Rate Changes on Cash and Cash Equivalents	291	-	-	-	-590	76
Net Cash Flow	73	474	1,625	-2,350	-1,790	6,815
Free Cash Flow	1,401	2,246	1,950	-3,687	-19	6,573
Free Cash Flow Growth	-37.62%	15.18%	-	-	-	66.45%
FCF Margin	9.82%	15.97%	15.21%	-31.73%	-0.17%	67.35%
Free Cash Flow Per Share	6.84	10.87	9.19	-17.00	-0.09	31.12
Levered Free Cash Flow	1,592	3,268	2,312	-4,447	-295	6,751
Unlevered Free Cash Flow	1,477	2,141	2,367	-4,250	-349	6,966

Updated Jan 28, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q