Capital Markets — Revenues, Net of Interest Expense
Raymond James Financial Capital Markets — Revenues, Net of Interest Expense increased by 22.1% to $464.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 17.2%, from $396.00M to $464.00M. Over 4 years (FY 2021 to FY 2025), Capital Markets — Revenues, Net of Interest Expense shows relatively stable performance with a -1.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Higher net revenue indicates better margins and more efficient capital utilization.
Detailed definition
The net revenue of the capital markets segment after accounting for the direct costs of funding its assets. This provide...
Peer comparison
Commonly referred to as 'Net Revenue' or 'Net Interest Margin' equivalent for non-bank segments.
rjf_segment_capital_markets_revenues_net_of_interest_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $446.00M | $554.00M | $614.00M | $413.00M | $383.00M | $399.00M | $295.00M | $302.00M | $276.00M | $341.00M | $338.00M | $321.00M | $330.00M | $483.00M | $480.00M | $396.00M | $381.00M | $513.00M | $380.00M | $464.00M |
| QoQ Change | — | +24.2% | +10.8% | -32.7% | -7.3% | +4.2% | -26.1% | +2.4% | -8.6% | +23.6% | -0.9% | -5.0% | +2.8% | +46.4% | -0.6% | -17.5% | -3.8% | +34.6% | -25.9% | +22.1% |
| YoY Change | — | — | — | — | -14.1% | -28.0% | -52.0% | -26.9% | -27.9% | -14.5% | +14.6% | +6.3% | +19.6% | +41.6% | +42.0% | +23.4% | +15.5% | +6.2% | -20.8% | +17.2% |
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Frequently Asked Questions
- What is Raymond James Financial's capital markets — revenues, net of interest expense?
- Raymond James Financial (RJF) reported capital markets — revenues, net of interest expense of $464.00M in Q1 2026.
- How has Raymond James Financial's capital markets — revenues, net of interest expense changed year-over-year?
- Raymond James Financial's capital markets — revenues, net of interest expense increased by 17.2% year-over-year, from $396.00M to $464.00M.
- What is the long-term trend for Raymond James Financial's capital markets — revenues, net of interest expense?
- Over 4 years (2021 to 2025), Raymond James Financial's capital markets — revenues, net of interest expense has grown at a -1.6% compound annual growth rate (CAGR), from $1.89B to $1.77B.
- What does capital markets — revenues, net of interest expense mean?
- Total revenue minus the cost of funding those operations.