Business Segments · Noninterest Expense
Private Client Group — Noninterest Expense
Raymond James Financial Private Client Group — Noninterest Expense increased by 2.8% to $2.39B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 16.5%, from $2.06B to $2.39B. 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 toTotal Operating Expenses
How to read this metric
An increase relative to revenue suggests declining operational efficiency, while a decrease indicates effective cost control.
Detailed definition
This encompasses all operating costs incurred by the Private Client Group excluding interest expense, such as compensati...
Peer comparison
Commonly reported by wealth management and brokerage firms as a key efficiency ratio component.
Metric ID:
rjf_segment_private_client_group_noninterest_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 | $1.72B | $1.72B | $1.72B | $1.72B | $1.92B | $1.92B | $1.92B | $1.92B | $2.09B | $2.06B | $2.33B | $2.39B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +11.4% | +0.0% | +0.0% | +0.0% | +8.7% | -1.5% | +13.3% | +2.8% |
| YoY Change | — | — | — | — | +11.4% | +11.4% | +11.4% | +11.4% | +8.7% | +7.1% | +11.6% | +16.5% |
Range$1.72B – $2.39B
CAGR+12.7%
Avg YoY Growth+11.2%
Median YoY Growth+11.4%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is Raymond James Financial's private client group — noninterest expense?
- Raymond James Financial (RJF) reported private client group — noninterest expense of $2.39B in Q1 2026.
- How has Raymond James Financial's private client group — noninterest expense changed year-over-year?
- Raymond James Financial's private client group — noninterest expense increased by 16.5% year-over-year, from $2.06B to $2.39B.
- What does private client group — noninterest expense mean?
- Total operating costs for the segment excluding interest-related expenses.