Raymond James Financial Capital Markets — Labor and Related Expense increased by 12.3% to $293.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.8%, from $262.00M to $293.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
High labor costs relative to revenue may indicate declining efficiency, while controlled growth suggests effective cost management.
The total costs associated with compensation, commissions, and benefits for employees within the capital markets segment...
Commonly reported as 'Compensation and Benefits' or 'Personnel Expense' in financial services segment disclosures.
rjf_segment_capital_markets_labor_and_related_expense| Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $225.50M | $225.50M | $225.50M | $225.50M | $250.50M | $250.50M | $250.50M | $250.50M | $301.00M | $262.00M | $261.00M | $293.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +11.1% | +0.0% | +0.0% | +0.0% | +20.2% | -13.0% | -0.4% | +12.3% |
| YoY Change | — | — | — | — | +11.1% | +11.1% | +11.1% | +11.1% | +20.2% | +4.6% | -13.3% | +11.8% |