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+0.3% | $326M+3.8% | $314M+7.9% | $291M+0.7% | $289M-1.7% | |
| Capital Markets | $464M+22.1% | $380M-25.9% | $513M+34.6% | $381M-3.8% | $396M-17.5% | |
| Private Client Group | $2.81B+1.5% | $2.77B+4.1% | $2.66B+6.9% | $2.49B+0.1% | $2.49B-2.4% | |
| Revenue by Business | ||||||
| Asset Management | $327M+0.3% | $326M+3.8% | $314M+7.9% | $291M+0.7% | $289M-1.7% | |
| Capital Markets | $489M+21.0% | $404M-24.9% | $538M+32.8% | $405M-3.6% | $420M-17.0% | |
| Private Client Group | $2.83B+1.3% | $2.79B+3.9% | $2.69B+7.0% | $2.51B0.0% | $2.51B-2.5% | |
| Total pre-tax income by Business | ||||||
| Asset Management | $137M-4.2% | $143M— | —— | —— | $121M-3.2% | |
| Bank | $166M-4.0% | $173M+30.1% | $133M+8.1% | $123M+5.1% | $117M-0.8% | |
| Capital Markets | $51M+467% | $9M— | —— | —— | $36M-51.4% | |
| Private Client Group | $416M-5.2% | $439M— | —— | —— | $431M-6.7% | |
| Non-interest revenues by Business | ||||||
| Asset Management | $324M+0.3% | $323M— | —— | —— | $286M-1.4% | |
| Bank | $14M-17.6% | $17M— | —— | —— | $15M+36.4% | |
| Capital Markets | $462M+22.9% | $376M— | —— | —— | $392M-17.8% | |
| Private Client Group | $2.72B+1.6% | $2.68B— | —— | —— | $2.4B-2.0% | |
| Revenue From Contract With Customer, Including Assessed Tax And Noninterest Income by Business | ||||||
| Asset Management | $324M+0.3% | $323M+3.9% | $311M+8.0% | $288M+0.7% | $286M-1.4% | |
| Capital Markets | $462M+22.9% | $376M-26.4% | $511M+35.2% | $378M-3.6% | $392M-17.8% | |
| Private Client Group | $2.72B+1.6% | $2.68B+4.2% | $2.57B+7.1% | $2.4B-0.1% | $2.4B-2.0% | |
| All other by Business | ||||||
| Asset Management | $125M+0.8% | $124M-72.7% | $455M+45,400% | $1M-99.1% | $111M0.0% | |
| Capital Markets | $120M+9.1% | $110M-77.8% | $495M— | $0-100% | $98M-6.7% | |
| Private Client Group | $286M+2.9% | $278M-73.8% | $1.06B+21,140% | $5M-98.0% | $256M+0.4% | |
| Principal transactions by Business | ||||||
| Asset Management | $0— | $0— | $0— | $0— | $0— | |
| Capital Markets | $104M+11.8% | $93M-3.1% | $96M0.0% | $96M-20.7% | $121M+40.7% | |
| Private Client Group | $29M-3.3% | $30M-9.1% | $33M+10.0% | $30M+11.1% | $27M-10.0% | |
| Interest Income (Expense), Operating by Business | ||||||
| Asset Management | $3M0.0% | $3M0.0% | $3M0.0% | $3M0.0% | $3M-25.0% | |
| Bank | $472M+0.4% | $470M+6.3% | $442M+0.5% | $440M+5.0% | $419M+1.2% | |
| Capital Markets | $2M-50.0% | $4M+100% | $2M-33.3% | $3M-25.0% | $4M+33.3% | |
| Private Client Group | $90M-1.1% | $91M-1.1% | $92M+1.1% | $91M+5.8% | $86M-13.1% | |
| Aggregate assets by Business | ||||||
| Asset Management | $595M-9.3% | $656M+3.8% | $632M-0.2% | $633M+6.4% | $595M-4.3% | |
| Bank | $68.99B+3.4% | $66.69B+2.2% | $65.26B+2.7% | $63.56B+1.4% | $62.7B+0.7% | |
| Capital Markets | $3.78B+12.6% | $3.35B-2.2% | $3.43B+14.5% | $2.99B-10.8% | $3.35B+4.9% | |
| Other | $4.03B-1.8% | $4.1B-16.4% | $4.9B+44.4% | $3.39B+5.1% | $3.23B+12.5% | |
| Private Client Group | $14.56B+4.3% | $13.96B-0.3% | $14.01B-1.6% | $14.24B+7.4% | $13.25B-0.5% | |
| Noninterest Expense by Business | ||||||
| Asset Management | $190M+3.8% | $183M— | —— | —— | $168M-0.6% | |
| Bank | $320M+1.9% | $314M— | —— | —— | $317M+3.3% | |
| Capital Markets | $413M+11.3% | $371M— | —— | —— | $360M-11.3% | |
| Private Client Group | $2.39B+2.8% | $2.33B— | —— | —— | $2.06B-1.5% | |
| Interest Income by Business | ||||||
| Asset Management | $3M0.0% | $3M0.0% | $3M0.0% | $3M0.0% | $3M-25.0% | |
| Capital Markets | $27M-3.6% | $28M+3.7% | $27M0.0% | $27M-3.6% | $28M-3.4% | |
| Private Client Group | $107M-6.1% | $114M-3.4% | $118M+3.5% | $114M+3.6% | $110M-12.7% | |
| Interest Expense, Operating by Business | ||||||
| Asset Management | $0— | $0— | $0— | $0— | $0— | |
| Capital Markets | $25M+4.2% | $24M-4.0% | $25M+4.2% | $24M0.0% | $24M-7.7% | |
| Private Client Group | $17M-26.1% | $23M-11.5% | $26M+13.0% | $23M-4.2% | $24M-11.1% | |
| Labor and Related Expense by Business | ||||||
| Asset Management | $65M+10.2% | $59M— | —— | —— | $57M-1.7% | |
| Bank | $47M-2.1% | $48M— | —— | —— | $45M-2.2% | |
| Capital Markets | $293M+12.3% | $261M— | —— | —— | $262M-13.0% | |
| Private Client Group | $2.11B+2.8% | $2.05B— | —— | —— | $1.8B-1.7% | |
| Bank loan provision for credit losses by Business | ||||||
| Asset Management | $0— | $0— | —— | —— | $0— | |
| Bank | $5M+267% | -$3M— | —— | —— | $16M— | |
| Capital Markets | $0— | $0— | —— | —— | $0— | |
| Private Client Group | $0— | $0— | —— | —— | $0— | |
| Revenue by Product | ||||||
| Affordable housing investments business revenues | $28M-9.7% | $31M-46.6% | $58M+75.8% | $33M+65.0% | $20M-31.0% | |
| Asset management and related administrative fees | $2.02B+0.9% | $2B+6.5% | $1.88B+8.3% | $1.73B+0.5% | $1.73B-1.0% | |
| Brokerage Revenue, Securities Commissions, Mutual And Other Fund Products | $178M+6.6% | $167M+6.4% | $157M+6.1% | $148M-4.5% | $155M+0.6% | |
| Client account and other fees | $63M+3.3% | $61M+8.9% | $56M-11.1% | $63M+6.8% | $59M-13.2% | |
| Debt underwriting | $77M+54.0% | $50M-49.0% | $98M+63.3% | $60M+27.7% | $47M-16.1% | |
| Equities, exchange-traded funds (“ETFs”) and fixed income products | $197M+5.3% | $187M+10.7% | $169M+9.7% | $154M-3.1% | $159M-5.4% | |
| Equity underwriting | $63M+61.5% | $39M-29.1% | $55M+17.0% | $47M+17.5% | $40M-7.0% | |
| Insurance and annuity products | $132M0.0% | $132M-10.2% | $147M+14.0% | $129M+10.3% | $117M-0.8% | |
| Merger & acquisition and advisory | $139M+16.8% | $119M-27.0% | $163M+55.2% | $105M-18.6% | $129M-42.9% | |
| Mutual fund and other investment products | $155M+6.2% | $146M— | —— | —— | $132M+1.5% | |
| RJBDP fees | -$189M0.0% | -$189M+1.6% | -$192M+1.5% | -$195M-5.4% | -$185M+1.6% | |
| Revenues, Net of Interest Expense by Geography | ||||||
| Canada | $191M+3.2% | $185M+8.2% | $171M+14.8% | $149M-7.5% | $161M-1.8% | |
| Europe | $140M-0.7% | $141M+8.5% | $130M-8.5% | $142M+12.7% | $126M-16.6% | |
| U.S. | $3.53B+3.5% | $3.41B-0.5% | $3.43B+10.3% | $3.11B-0.3% | $3.12B-3.3% | |
| Total pre-tax income by Geography | ||||||
| Canada | $40M+2.6% | $39M— | —— | —— | $35M-10.3% | |
| Europe | -$11M-175% | -$4M— | —— | —— | -$1M-106% | |
| U.S. | $706M+1.9% | $693M— | —— | —— | $637M-7.9% | |
| Aggregate assets by Geography | ||||||
| Canada | $3.49B+4.6% | $3.34B+4.9% | $3.18B-0.1% | $3.19B-4.8% | $3.35B+3.7% | |
| Europe | $3.07B+13.2% | $2.71B-1.8% | $2.76B-5.4% | $2.92B+8.3% | $2.69B+12.7% | |
| U.S. | $85.38B+3.2% | $82.71B+0.5% | $82.29B+4.5% | $78.71B+2.1% | $77.09B+0.6% |
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.
