Income StatementBalance SheetCash FlowSegments
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Raymond James Financial Cash Flow Statement

Operating, investing, and financing cash movements

Raymond James Financial generated $2.6B in operating cash flow over the trailing twelve months. After $192.0M in capital expenditures, free cash flow was $2.4B. Free cash flow increased 0.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.6BNet Cash From Investing (TTM)-$5.9BNet Cash From Financing (TTM)$5.1BCapital Expenditures (TTM)$192.0MDepreciation And Amortization Cf (TTM)$200.0MNet Change In Cash (TTM)$1.9B
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$30.1B
P/E Ratio14.02
ROE17.33%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)-$31.0M$10.0M-$2.0M-$16.0M-$16.0M-$11.0M
Other non-cash income (expense)-$31.0M$10.0M-$2.0M-$16.0M-$16.0M-$11.0M
Other non-cash income (expense)-$31.0M$10.0M-$2.0M-$16.0M-$16.0M-$11.0M
Change in accounts payable$119.0M-$81.0M$293.0M—$5.0M$616.0M
Change in accrued liabilities-$529.0M$122.0M$298.0M$388.0M-$659.0M$166.0M
Change in other assets-$18.0M-$5.0M-$55.0M-$41.0M$54.0M-$10.0M
Other working capital changes-$31.0M$10.0M-$2.0M-$16.0M-$16.0M-$11.0M
Change in receivables-$331.0M$471.0M$30.0M—-$206.0M$685.0M
Deferred income taxes$35.0M$11.0M-$50.0M-$48.0M$35.0M$77.0M
Depreciation and amortization$47.0M$47.0M$49.0M$52.0M$49.0M$50.0M
Change in financial instruments used in operating activities$66.0M$3.0M-$146.0M$222.0M-$119.0M$181.0M
Other Non-Cash Income (Expense)-$31.0M$10.0M-$2.0M-$16.0M-$16.0M-$11.0M
Other Non-cash Income (Expense)-$31.0M$10.0M-$2.0M-$16.0M-$16.0M-$11.0M
Other Non-cash Income (Expense)-$31.0M$10.0M-$2.0M-$16.0M-$16.0M-$11.0M
Net cash from operating activities$830.0M$117.0M$691.0M$796.0M-$10.0M$1.1B
Net income$600.0M$495.0M$436.0M$604.0M$563.0M$544.0M
Other non-cash income (expense)-$31.0M$10.0M-$2.0M-$16.0M-$16.0M-$11.0M
Amortization Of Debt Discount Premium And Unrealized Realized Gain On Other Investments$4.0M-$3.0M$18.0M$0.0-$1.0M$4.0M
Increase (Decrease) In Collateralized Agreements, Net Of Collateralized Financings-$48.0M$3.0M$292.0M-$470.0M$272.0M-$393.0M
Increase (Decrease) In Derivative Assets And Liabilities1-$202.0M$86.0M$85.0M-$15.0M$27.0M-$37.0M
Accrued compensation and employee benefits-$529.0M$122.0M$298.0M$388.0M-$659.0M$166.0M
Increase (Decrease) in Financial Instruments Used in Operating Activities$66.0M$3.0M-$146.0M$222.0M-$119.0M$181.0M
Increase (Decrease) In Financing Receivable, Related Party, After Allowance For Credit Loss$35.0M$67.0M——$156.0M$130.0M
Increase (Decrease) in Mortgage Loans Held-for-sale$67.0M-$53.0M$57.0M$131.0M-$105.0M-$90.0M
Increase (Decrease) in Other Operating Assets-$18.0M-$5.0M-$55.0M-$41.0M$54.0M-$10.0M
Other Noncash Income (Expense)-$31.0M$10.0M-$2.0M-$16.0M-$16.0M-$11.0M
Provision for Loan, Lease, and Other Losses$7.0M$17.0M$83.0M$15.0M$2.0M$19.0M
Unrealized Gain (Loss) On Company Owned Life Insurance, Net Of Expenses$0.0-$31.0M$99.0M$65.0M$22.0M-$32.0M
Other Non-cash Income and Expense-$31.0M$10.0M-$2.0M-$16.0M-$16.0M-$11.0M
Other Non-Cash Adjustments-$31.0M$10.0M-$2.0M-$16.0M-$16.0M-$11.0M
Other Non-Cash Income and Expense-$31.0M$10.0M-$2.0M-$16.0M-$16.0M-$11.0M
Provision for credit losses$7.0M$17.0M$83.0M$15.0M$2.0M$19.0M
Stock-based compensation$93.0M$54.0M$52.0M$55.0M$79.0M$54.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Sales of short-term available-for-sale investments$78.0M$0.0$0.0$0.0$0.0$0.0
Capital expenditures$41.0M$46.0M$57.0M$44.0M$46.0M$45.0M
Payment for (Proceeds from) Other Investing Activity$40.0M$14.0M$11.0M—$57.0M$32.0M
Payments for (Proceeds from) Other Loans and Leases$1.3B$1.0B$1.7B$1.7B$2.1B$1.4B
Payments for Tax Credit Equity Investments$5.0M$5.0M$5.0M$5.0M——
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$506.0M$503.0M$522.0M$445.0M$360.0M$575.0M
Sale of investments$78.0M$0.0$0.0$0.0$0.0$0.0
Sales of notes receivable originally classified as held for investment$62.0M$21.0M$135.0M$27.0M$81.0M$35.0M
Net cash from investing activities-$937.0M-$659.0M-$1.3B-$1.4B-$1.9B-$1.3B
Net change in loans and leases$1.3B$1.0B$1.7B$1.7B$2.1B$1.4B
Other investing activities$40.0M$14.0M$11.0M—$57.0M$32.0M
Proceeds from maturities/sales of investments$78.0M$0.0$0.0$0.0$0.0$0.0
Purchases of investments$208.0M$92.0M$180.0M$102.0M$66.0M$343.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating lease payments$33.0M$33.0M$33.0M$34.0M$34.0M$33.0M
ROU assets obtained - operating leases$33.0M$21.0M$24.0M$23.0M$19.0M$33.0M
Income taxes paid$9.0M$364.0M$137.0M$141.0M$19.0M$256.0M
Interest paid$499.0M$449.0M$446.0M$459.0M$423.0M$422.0M
ROU Asset Obtained for Lease Liability$33.0M$21.0M$24.0M$23.0M$19.0M$33.0M
Cash Paid for Lease Liabilities$33.0M$33.0M$33.0M$34.0M$34.0M$33.0M
Income Taxes Paid, Net$9.0M$364.0M$137.0M$141.0M$19.0M$256.0M
Operating lease payments$33.0M$33.0M$33.0M$34.0M$34.0M$33.0M
Operating Lease Payments$33.0M$33.0M$33.0M$34.0M$34.0M$33.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$450.0M$0.0$300.0M$0.0$250.0M$50.0M
Repayments of debt$450.0M$200.0M$300.0M$50.0M$250.0M$50.0M
Dividends paid$105.0M$106.0M$103.0M$102.0M$112.0M$109.0M
Increase (Decrease) in Deposits-$160.0M$553.0M$846.0M$1.6B$1.3B$2.3B
Payments For Repurchase Of Common Stock And Tax Withholding, Share-Based Payment Arrangement$185.0M$274.0M$455.0M$353.0M$513.0M$405.0M
Payments for Repurchase of Preferred Stock and Preference Stock$0.0$0.0$0.0$0.0——
Payments of Ordinary Dividends$105.0M$106.0M$103.0M$102.0M$112.0M$109.0M
Short-term Federal Home Loan Bank borrowings$450.0M$0.0$300.0M$0.0$250.0M$50.0M
Proceeds From Issuance Of Senior Long Term Debt$370.0M$370.0M$370.0M$370.0M——
Proceeds from exercises of stock options and other stock issuances$10.0M$9.0M$7.0M$5.0M$9.0M$14.0M
Other, net-$7.0M$2.0M-$3.0M—-$10.0M$0.0
Payments of FHLBank Borrowings, Financing Activities$450.0M$200.0M$300.0M$50.0M$250.0M$50.0M
Repayments of Subordinated Debt$24.5M$24.5M$24.5M$24.5M——
Payment of Deferred Purchase Consideration-$7.0M$2.0M-$3.0M—-$10.0M$0.0
Noncontrolling interest transactions and other-$7.0M$2.0M-$3.0M—-$10.0M$0.0
Net cash from financing activities-$447.0M-$16.0M$292.0M$2.5B$629.0M$1.7B
Net change in deposits-$160.0M$553.0M$846.0M$1.6B$1.3B$2.3B
Other financing activities-$7.0M$2.0M-$3.0M—-$10.0M$0.0
Noncontrolling Interests Activity and Other-$7.0M$2.0M-$3.0M—-$10.0M$0.0
Redemption of preferred stock$0.0$0.0$0.0$0.0——
Proceeds from issuance of common stock$10.0M$9.0M$7.0M$5.0M$9.0M$14.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$789.0M$71.0M$634.0M$752.0M-$56.0M$1.1B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$214.0M$65.0M$197.0M-$83.0M$29.0M-$58.0M
Net increase (decrease) in cash-$768.0M-$493.0M-$122.0M$1.8B-$1.2B$1.4B
Leased assets obtained in exchange for operating lease liabilities$33.0M$21.0M$24.0M$23.0M$19.0M$33.0M