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Raymond James Financial RJF Q3 2025 earnings

Reported July 23, 2025 · After market close

Revenue$3.8BBeat by $410.0MDiluted EPS$2.18Miss by $0.19
Revenue estimate$3.4B
EPS estimate$2.37

Next report

Jul 22, 2026 (In 1 week)
Revenue estimate$3.9B
EPS estimate$2.92

Financials

Q3 2025

Income statement

See full
Revenue$3.4B+5.3%
Net income$436.0M-11.4%
EPS (diluted)$2.12-8.2%

Balance sheet

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Cash & equivalents$13.0B+1.8%
Total debt$543.0M+0.2%
Total equity$12.3B+9.5%
Total assets$84.8B+5.2%

Cash flow

See full
Operating cash flow$691.0M-2.8%
CapEx$57.0M+1.8%
Free cash flow$634.0M-3.2%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$30.44B+18.2%
Enterprise value$18.02B+32.9%
P/E14.3×+0.7×
P/S2.2×+0.1×

Profitability

See full
Net margin15.5%+0.1pp
FCF margin14.2%—

Returns & leverage

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Return on equity18.2%+0.2pp
Debt / equity0×0.0×

Segments

By product

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Asset management and related administrative fees$1.7B+7.6%
Equities, exchange-traded funds (“ETFs”) and fixed income products$154.0M+8.5%
Brokerage Revenue, Securities Commissions, Mutual And Other Fund Products$148.0M+2.8%
Insurance and annuity products$129.0M-0.8%
Merger & acquisition and advisory$105.0M+15.4%

By segment

See full
Private Client Group$2.5B+2.6%
Capital Markets$405.0M+12.5%
Asset Management$291.0M+9.8%

Versus estimates

Revenue

Q2 2026$3.9BBeat by $14.0MQ1 2026$3.7BMiss by $75.1MQ4 2025$4.1BBeat by $486.7M
Q3 2025$3.8BBeat by $410.0M
Q2 2025$3.8BBeat by $368.9MQ1 2025$4.0BBeat by $505.4M

Diluted EPS

Q2 2026$2.83Beat by $0.07Q1 2026$2.86Beat by $0.03Q4 2025$3.11Beat by $0.28
Q3 2025$2.18Miss by $0.19
Q2 2025$2.42Miss by $0.03Q1 2025$2.93Beat by $0.31

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Questions, answered.

When did Raymond James Financial report Q3 2025 earnings?
Raymond James Financial (RJF) reported Q3 2025 earnings on July 23, 2025 after market close.
What were Raymond James Financial's Q3 2025 revenue and EPS?
Raymond James Financial reported revenue of $3.8B and diluted EPS of $2.18 for Q3 2025.
Did Raymond James Financial beat estimates in Q3 2025?
Revenue beat the consensus estimate of $3.4B by $410.0M. EPS missed the consensus estimate of $2.37 by $0.19.
How did Raymond James Financial's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 1.9% from $3.7B a year earlier and diluted EPS declined 8.8% from $2.39.
Where can I find Raymond James Financial's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0000720005-25-000072) directly on SEC EDGAR. The filing index links above go to sec.gov.