What does capital markets — labor and related expense mean?

The total costs associated with compensation, commissions, and benefits for employees within the capital markets segment. This is typically the largest operating expense for investment banking and brokerage businesses.

Raymond James Financial RJF Capital Markets — Labor and Related Expense

Other segment segments

Private Client Group

$2.11B+17.2%

Asset Management

$65M+14.0%

Bank

$47M+4.4%

Similar metrics at other companies

WDCapital Markets — Labor And Related Expense

$109.85M+27.0%

QCRHCommercial Banking — Labor And Related Expense

$9.11M+15.9%

OFGBanking — Labor and Related Expense

$38.46M+4.6%

SYBTCommercial Banking — Labor And Related Expense

$30.21M+12.7%

JPMCommercial & Investment Bank — Labor and Related Expense

$5.74B+12.0%

MBINBanking — Labor And Related Expense

$6.75M+4.2%

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: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 capital markets — labor and related expense?: Raymond James Financial (RJF) reported capital markets — labor and related expense of $293M in Q1 2026.
How has Raymond James Financial's capital markets — labor and related expense changed year-over-year?: Raymond James Financial's capital markets — labor and related expense increased by 11.8% year-over-year, from $262M to $293M.
What does capital markets — labor and related expense mean?: The total costs associated with compensation, commissions, and benefits for employees within the capital markets segment. This is typically the largest operating expense for investment banking and brokerage businesses.