Raymond James Financial RJF Business Segments
| Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | ||
|---|---|---|---|---|---|---|
| Revenues, Net of Interest Expense by Business | ||||||
| Asset Management | $327M+13.1% | $326M+10.9% | $314M+14.2% | $291M+9.8% | $289M+14.7% | |
| Capital Markets | $464M+17.2% | $380M-20.8% | $513M+6.2% | $381M+15.5% | $396M+23.4% | |
| Private Client Group | $2.81B+13.0% | $2.77B+8.6% | $2.66B+7.4% | $2.49B+3.0% | $2.49B+6.2% | |
| Revenue by Product | ||||||
| Affordable housing investments business revenues | $28M+40.0% | $31M+6.9% | $58M+34.9% | $33M+10.0% | $20M-9.1% | |
| Asset management and related administrative fees | $2.02B+16.9% | $2B+14.7% | $1.88B+12.9% | $1.73B+7.6% | $1.73B+13.8% | |
| Brokerage Revenue, Securities Commissions, Mutual And Other Fund Products | $178M+14.8% | $167M+8.4% | $157M+4.0% | $148M+2.8% | $155M+8.4% | |
| Client account and other fees | $63M+6.8% | $61M-10.3% | $56M-8.2% | $63M+6.8% | $59M+5.4% | |
| Debt underwriting | $77M+63.8% | $50M-10.7% | $98M+88.5% | $60M+22.4% | $47M+14.6% | |
| Equities, exchange-traded funds (“ETFs”) and fixed income products | $197M+23.9% | $187M+11.3% | $169M+12.7% | $154M+8.5% | $159M+10.4% | |
| Equity underwriting | $63M+57.5% | $39M-9.3% | $55M-5.2% | $47M+9.3% | $40M+29.0% | |
| Insurance and annuity products | $132M+12.8% | $132M+11.9% | $147M+7.3% | $129M-0.8% | $117M-7.9% | |
| Merger & acquisition and advisory | $139M+7.8% | $119M-47.3% | $163M-20.5% | $105M+15.4% | $129M+20.6% | |
| Mutual fund and other investment products | $155M+17.4% | $146M+12.3% | —— | —— | $132M+12.3% | |
| RJBDP fees | -$189M-2.2% | -$189M-0.5% | -$192M+3.0% | -$195M+2.0% | -$185M+11.1% | |
| Revenues, Net of Interest Expense by Geography | ||||||
| Canada | $191M+18.6% | $185M+12.8% | $171M+13.2% | $149M-3.2% | $161M+3.9% | |
| Europe | $140M+11.1% | $141M-6.6% | $130M-7.1% | $142M+14.5% | $126M+7.7% | |
| U.S. | $3.53B+13.2% | $3.41B+5.8% | $3.43B+8.0% | $3.11B+5.3% | $3.12B+9.5% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Raymond James Financial break its business down?
- Raymond James Financial (RJF) reports revenues, net of interest expense by business across 3 parts — Asset Management, Capital Markets and Private Client Group. Each is extracted from the segment footnotes and tracked over time.
- Where does Raymond James Financial's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Raymond James Financial's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
