Business Segments · Labor and Related Expense
Private Client Group — Labor and Related Expense
Raymond James Financial Private Client Group — Labor and Related Expense increased by 2.8% to $2.11B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 17.2%, from $1.80B to $2.11B. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ4 2022
Last reportedQ1 2026
Rolls up toCompensation and benefits
How to read this metric
While necessary for growth, an disproportionate increase relative to revenue may indicate declining operating efficiency or margin pressure.
Detailed definition
This represents the total costs associated with compensating financial advisors, support staff, and management within th...
Peer comparison
Comparable to 'Compensation and Benefits' or 'Personnel Expense' at other financial services firms.
Metric ID:
rjf_segment_private_client_group_labor_and_related_expenseHistorical Data
12 periods
| 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 | $1.48B | $1.48B | $1.48B | $1.48B | $1.68B | $1.68B | $1.68B | $1.68B | $1.83B | $1.80B | $2.05B | $2.11B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +13.0% | +0.0% | +0.0% | +0.0% | +9.3% | -1.7% | +14.0% | +2.8% |
| YoY Change | — | — | — | — | +13.0% | +13.0% | +13.0% | +13.0% | +9.3% | +7.4% | +12.0% | +17.2% |
Range$1.48B – $2.11B
CAGR+13.7%
Avg YoY Growth+12.3%
Median YoY Growth+13.0%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is Raymond James Financial's private client group — labor and related expense?
- Raymond James Financial (RJF) reported private client group — labor and related expense of $2.11B in Q1 2026.
- How has Raymond James Financial's private client group — labor and related expense changed year-over-year?
- Raymond James Financial's private client group — labor and related expense increased by 17.2% year-over-year, from $1.80B to $2.11B.
- What does private client group — labor and related expense mean?
- Total costs related to employee and advisor compensation and benefits.