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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 Ratio14.01
ROE17.33%

Investing

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Capital expenditures$41M$46M$57M$44M$46M$45M
Payment for (Proceeds from) Other Investing Activity$40M$14M$11M—$57M$32M
Payments for (Proceeds from) Other Loans and Leases$1.3B$1B$1.7B$1.7B$2.1B$1.4B
Payments for Tax Credit Equity Investments$5M$5M$5M$5M——
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$506M$503M$522M$445M$360M$575M
Sale of investments$78M$0$0$0$0$0
Sales of notes receivable originally classified as held for investment$62M$21M$135M$27M$81M$35M
Net cash from investing activities-$937M-$659M-$1.3B-$1.4B-$1.9B-$1.3B
Net change in loans and leases$1.3B$1B$1.7B$1.7B$2.1B$1.4B
Other investing activities$40M$14M$11M—$57M$32M
Proceeds from maturities/sales of investments$78M$0$0$0$0$0
Purchases of investments$208M$92M$180M$102M$66M$343M

Operating

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Change in accounts payable$119M—$293M—$5M$616M
Change in accrued liabilities-$529M——$388M-$659M—
Change in other assets-$18M-$5M-$55M-$41M$54M—
Other working capital changes-$31M—-$2M-$16M-$16M-$11M
Change in receivables-$331M$471M$30M—-$206M$685M
Deferred income taxes$35M$11M-$50M-$48M$35M$77M
Depreciation and amortization$47M$47M$49M$52M$49M$50M
Net cash from operating activities$830M$117M$691M$796M-$10M$1.1B
Net income$600M$495M$436M$604M$563M$544M
Amortization Of Debt Discount Premium And Unrealized Realized Gain On Other Investments$4M—$18M—-$1M$4M
Increase (Decrease) In Collateralized Agreements, Net Of Collateralized Financings-$48M$0$292M-$470M$272M-$393M
Increase (Decrease) In Derivative Assets And Liabilities1-$202M——-$15M$27M-$37M
Accrued compensation and employee benefits-$529M——$388M-$659M—
Increase (Decrease) in Financial Instruments Used in Operating Activities$66M$3M-$146M$222M-$119M$181M
Increase (Decrease) In Financing Receivable, Related Party, After Allowance For Credit Loss$35M$67M——$156M$130M
Increase (Decrease) in Mortgage Loans Held-for-sale$67M—$57M$131M-$105M-$90M
Increase (Decrease) in Other Operating Assets-$18M-$5M-$55M-$41M$54M—
Other Noncash Income (Expense)-$31M—-$2M-$16M-$16M-$11M
Provision for Loan, Lease, and Other Losses$7M$17M$83M$15M$2M$19M
Unrealized Gain (Loss) On Company Owned Life Insurance, Net Of Expenses$0-$31M$99M$65M$22M-$32M
Provision for credit losses$7M$17M$83M$15M$2M$19M
Stock-based compensation$93M$54M$52M$55M$79M$54M

Financing

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Proceeds from issuance of debt$450M—$300M—$250M$50M
Repayments of debt$450M$200M$300M$50M$250M$50M
Dividends paid$105M$106M$103M$102M$112M$109M
Increase (Decrease) in Deposits-$160M$553M$846M$1.6B$1.3B$2.3B
Payments For Repurchase Of Common Stock And Tax Withholding, Share-Based Payment Arrangement$185M$274M$455M$353M$513M$405M
Payments for Repurchase of Preferred Stock and Preference Stock$0$0$0$0——
Payments of Ordinary Dividends$105M$106M$103M$102M$112M$109M
Short-term Federal Home Loan Bank borrowings$450M—$300M—$250M$50M
Proceeds From Issuance Of Senior Long Term Debt$370M$370M$370M$370M——
Proceeds from exercises of stock options and other stock issuances$10M$9M$7M$5M$9M$14M
Other, net-$7M—-$3M—-$10M—
Payments of FHLBank Borrowings, Financing Activities$450M$200M$300M$50M$250M$50M
Repayments of Subordinated Debt$24.5M$24.5M$24.5M$24.5M——
Net cash from financing activities-$447M-$16M$292M$2.5B$629M$1.7B
Net change in deposits-$160M$553M$846M$1.6B$1.3B$2.3B
Other financing activities-$7M—-$3M—-$10M—
Redemption of preferred stock$0$0$0$0——
Proceeds from issuance of common stock$10M$9M$7M$5M$9M$14M

Free Cash Flow

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Free cash flow$789M$71M$634M$752M-$56M$1.1B

Other

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Effect of exchange rate changes on cash-$214M—$197M-$83M$29M-$58M
Net increase (decrease) in cash-$768M-$493M-$122M$1.8B-$1.2B$1.4B
Operating Lease Payments$33M$33M$33M$34M$34M$33M
Leased assets obtained in exchange for operating lease liabilities$33M$21M$24M$23M$19M$33M

Supplemental

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Income taxes paid$9M$364M$137M$141M$19M$256M
Interest paid$499M$449M$446M$459M$423M$422M
Income Taxes Paid, Net$9M$364M$137M$141M$19M$256M