What does asset management — labor and related expense mean?

Total costs associated with personnel in the asset management segment, including salaries, commissions, bonuses, and benefits. This is typically the largest operating expense for a service-oriented asset management business.

Raymond James Financial RJF Asset Management — Labor and Related Expense

Other segment segments

Private Client Group

$2.11B+17.2%

Capital Markets

$293M+11.8%

Bank

$47M+4.4%

Similar metrics at other companies

WDServicing And Asset Management — Labor And Related Expense

$19.12M-2.2%

ARCBAsset Based — Labor And Related Expense

$355.14M+3.2%

JPMAsset & Wealth Management — Labor and Related Expense

$2.34B+13.2%

ARCBAsset Light — Labor And Related Expense

$22.75M-11.0%

AGOAsset Management — Employee compensation and benefit expenses

$0—

AGOAsset Management — Expenses

$68M+1,600%

Other financials

Income statement

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Revenue$3.9B+13.4%

Net income$544.0M+9.9%

EPS (diluted)$2.72+15.3%

Balance sheet

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Cash & equivalents$15.0B+14.3%

Total debt$552.0M+2.8%

Total equity$12.6B+2.9%

Total assets$91.9B+10.6%

Cash flow

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Operating cash flow$1.1B+839%

CapEx$45.0M-2.2%

Free cash flow$1.1B+1,385%

Valuation

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Market cap$29.22B-4.0%

Enterprise value$14.81B-17.8%

P/E13.6×-0.7×

P/S2×-0.2×

Profitability

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Net margin14.6%-1.5pp

FCF margin16.2%+1.7pp

Returns & leverage

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Return on equity17.3%-1.5pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Raymond James Financial in its filing.

Tagged under the XBRL concept us-gaap:LaborAndRelatedExpense.

The official record: Raymond James Financial’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Raymond James Financial's asset management — labor and related expense?: Raymond James Financial (RJF) reported asset management — labor and related expense of $65M in Q1 2026.
How has Raymond James Financial's asset management — labor and related expense changed year-over-year?: Raymond James Financial's asset management — labor and related expense increased by 14.0% year-over-year, from $57M to $65M.
What does asset management — labor and related expense mean?: Total costs associated with personnel in the asset management segment, including salaries, commissions, bonuses, and benefits. This is typically the largest operating expense for a service-oriented asset management business.