Operating Expenses

Compensation and benefits

Raymond James Financial Compensation and benefits increased by 3.7% to $2.54B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 15.3%, from $2.20B to $2.54B. Over 4 years (FY 2021 to FY 2025), Compensation and benefits shows an upward trend with a 8.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026

How to read this metric

An increase often reflects headcount growth or higher performance-based incentives, while a decrease may indicate efficiency initiatives or workforce reductions.

Detailed definition

Includes all salaries, wages, bonuses, stock-based compensation, and employee benefit costs for the workforce. This is t...

Peer comparison

Highly comparable across all sectors; usually found under 'Personnel' or 'Staffing' expenses.

Metric ID: compensation_and_benefits

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$1.66B$1.78B$1.88B$1.85B$1.83B$1.76B$1.74B$1.82B$1.85B$1.89B$1.92B$2.04B$2.09B$2.16B$2.27B$2.20B$2.20B$2.39B$2.45B$2.54B
QoQ Change+6.9%+6.1%-1.7%-1.0%-4.1%-1.3%+4.8%+1.7%+2.2%+1.5%+6.4%+2.3%+3.3%+5.2%-3.0%-0.1%+8.7%+2.3%+3.7%
YoY Change+10.4%-0.9%-7.9%-1.7%+0.9%+7.6%+10.7%+12.3%+12.9%+14.1%+18.3%+7.9%+5.4%+10.9%+7.8%+15.3%
Range$1.66B$2.54B
CAGR+9.4%
Avg YoY Growth+7.7%
Median YoY Growth+9.1%
Current Streak3 quarters growth

Business Segments

View all
SegmentQ1 '26
Private Client Group$2.11B
Capital Markets$293.00M
Asset Management$65.00M
Bank$47.00M
Total$2.54B

Frequently Asked Questions

What is Raymond James Financial's compensation and benefits?
Raymond James Financial (RJF) reported compensation and benefits of $2.54B in Q1 2026.
How has Raymond James Financial's compensation and benefits changed year-over-year?
Raymond James Financial's compensation and benefits increased by 15.3% year-over-year, from $2.20B to $2.54B.
What is the long-term trend for Raymond James Financial's compensation and benefits?
Over 4 years (2021 to 2025), Raymond James Financial's compensation and benefits has grown at a 8.3% compound annual growth rate (CAGR), from $6.58B to $9.07B.
What does compensation and benefits mean?
The total cost of employee salaries, bonuses, and benefits.