What does asset management — noninterest expense mean?

This captures all operating costs incurred by the asset management segment excluding interest-related expenses. It typically includes compensation, technology costs, administrative overhead, and marketing expenses required to manage client assets.

Raymond James Financial RJF Asset Management — Noninterest Expense

Other segment segments

Private Client Group

$2.39B+16.5%

Capital Markets

$413M+14.7%

Bank

$320M+0.9%

Similar metrics at other companies

JEFAsset Management — Noninterest Expense

$259.9M+23.8%

PNCAsset Management Group — Total noninterest expense

$292M+4.7%

ASSTAsset Management — Nonoperating Income (Expense)

$11K-96.6%

LAZAsset Management — Adjusted Non-compensation Expense

$63.8M+7.8%

AGOAsset Management — Non-cash compensation and operating expenses

$0—

JPMAssetand Wealth Management — Noninterest Expense

$4.17B+12.2%

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:NoninterestExpense.

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 — noninterest expense?: Raymond James Financial (RJF) reported asset management — noninterest expense of $190M in Q1 2026.
How has Raymond James Financial's asset management — noninterest expense changed year-over-year?: Raymond James Financial's asset management — noninterest expense increased by 13.1% year-over-year, from $168M to $190M.
What does asset management — noninterest expense mean?: This captures all operating costs incurred by the asset management segment excluding interest-related expenses. It typically includes compensation, technology costs, administrative overhead, and marketing expenses required to manage client assets.