Raymond James Financial RJF Business Segments
| TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | ||
|---|---|---|---|---|---|---|
| Revenues, Net of Interest Expense by Business | ||||||
| Asset Management | $1.26B+3.1% | $1.22B+2.7% | $1.19B+3.4% | $1.15B+2.3% | $1.12B+3.4% | |
| Capital Markets | $1.74B+4.1% | $1.67B-5.6% | $1.77B+1.7% | $1.74B+3.0% | $1.69B+4.6% | |
| Private Client Group | $10.73B+3.1% | $10.4B+2.2% | $10.18B+1.8% | $10B+0.7% | $9.93B+1.5% | |
| Revenue by Business | ||||||
| Asset Management | $1.26B+3.1% | $1.22B+2.7% | $1.19B+3.4% | $1.15B+2.3% | $1.12B+3.4% | |
| Capital Markets | $1.84B+3.9% | $1.77B-5.5% | $1.87B+1.5% | $1.84B+2.5% | $1.8B+4.4% | |
| Private Client Group | $10.82B+3.0% | $10.5B+2.1% | $10.28B+1.8% | $10.1B+0.6% | $10.04B+1.4% | |
| Total pre-tax income by Business | ||||||
| Bank | $595M+9.0% | $546M+11.2% | $491M+7.7% | $456M+1.8% | $448M+10.3% | |
| Revenue From Contract With Customer, Including Assessed Tax And Noninterest Income by Business | ||||||
| Asset Management | $1.25B+3.1% | $1.21B+2.8% | $1.18B+3.5% | $1.14B+2.4% | $1.11B+3.5% | |
| Capital Markets | $1.73B+4.2% | $1.66B-5.7% | $1.76B+1.7% | $1.73B+3.0% | $1.68B+4.5% | |
| Private Client Group | $10.36B+3.2% | $10.04B+2.3% | $9.81B+1.9% | $9.63B+0.7% | $9.56B+1.6% | |
| All other by Business | ||||||
| Asset Management | $705M+2.0% | $691M+1.9% | $678M+12.3% | $604M0.0% | $604M+22.3% | |
| Capital Markets | $725M+3.1% | $703M+0.7% | $698M+15.8% | $603M-0.3% | $605M+19.3% | |
| Private Client Group | $1.63B+1.9% | $1.6B+1.5% | $1.58B+7.6% | $1.47B-0.5% | $1.48B+20.4% | |
| Principal transactions by Business | ||||||
| Asset Management | $0— | $0— | $0— | $0— | $0— | |
| Capital Markets | $389M-4.2% | $406M+1.8% | $399M+0.8% | $396M+2.3% | $387M+9.9% | |
| Private Client Group | $122M+1.7% | $120M0.0% | $120M+4.3% | $115M+3.6% | $111M+0.9% | |
| Interest Income (Expense), Operating by Business | ||||||
| Asset Management | $12M0.0% | $12M-7.7% | $13M-7.1% | $14M-6.7% | $15M0.0% | |
| Bank | $1.82B+3.0% | $1.77B+3.3% | $1.72B+1.8% | $1.68B+2.1% | $1.65B+0.4% | |
| Capital Markets | $11M-15.4% | $13M+8.3% | $12M+9.1% | $11M+10.0% | $10M+25.0% | |
| Private Client Group | $364M+1.1% | $360M-2.2% | $368M+1.1% | $364M+0.6% | $362M-1.6% | |
| Aggregate assets by Business | ||||||
| Asset Management | $2.52B0.0% | $2.52B+1.4% | $2.48B+0.6% | $2.47B+1.5% | $2.43B+1.7% | |
| Bank | $264.5B+2.4% | $258.22B+1.7% | $253.8B+1.2% | $250.91B+1.2% | $247.92B+0.7% | |
| Capital Markets | $13.54B+3.2% | $13.12B+1.2% | $12.97B-0.7% | $13.06B-2.1% | $13.34B-1.8% | |
| Other | $16.42B+5.1% | $15.62B+8.5% | $14.39B+14.5% | $12.57B+7.1% | $11.73B+3.4% | |
| Private Client Group | $56.77B+2.4% | $55.46B+1.2% | $54.81B+1.1% | $54.22B+1.1% | $53.62B+0.1% | |
| Interest Income by Business | ||||||
| Asset Management | $12M0.0% | $12M-7.7% | $13M-7.1% | $14M-6.7% | $15M0.0% | |
| Capital Markets | $109M-0.9% | $110M-0.9% | $111M-0.9% | $112M-4.3% | $117M+1.7% | |
| Private Client Group | $453M-0.7% | $456M-2.6% | $468M-0.2% | $469M-1.5% | $476M-2.5% | |
| Interest Expense, Operating by Business | ||||||
| Asset Management | $0— | $0— | $0— | $0— | $0— | |
| Capital Markets | $98M+1.0% | $97M-2.0% | $99M-2.0% | $101M-5.6% | $107M0.0% | |
| Private Client Group | $89M-7.3% | $96M-4.0% | $100M-4.8% | $105M-7.9% | $114M-5.0% | |
| Revenue by Product | ||||||
| Affordable housing investments business revenues | $150M+5.6% | $142M+1.4% | $140M+12.0% | $125M+2.5% | $122M-1.6% | |
| Asset management and related administrative fees | $7.63B+4.0% | $7.33B+3.6% | $7.08B+3.1% | $6.86B+1.8% | $6.74B+3.2% | |
| Brokerage Revenue, Securities Commissions, Mutual And Other Fund Products | $650M+3.7% | $627M+2.1% | $614M+1.0% | $608M+0.7% | $604M+2.0% | |
| Client account and other fees | $243M+1.7% | $239M-2.8% | $246M-2.0% | $251M+1.6% | $247M+1.2% | |
| Debt underwriting | $285M+11.8% | $255M-2.3% | $261M+21.4% | $215M+5.4% | $204M+3.0% | |
| Equities, exchange-traded funds (“ETFs”) and fixed income products | $707M+5.7% | $669M+2.9% | $650M+3.0% | $631M+1.9% | $619M+2.5% | |
| Equity underwriting | $204M+12.7% | $181M-2.2% | $185M-1.6% | $188M+2.2% | $184M+5.1% | |
| Insurance and annuity products | $540M+2.9% | $525M+2.7% | $511M+2.0% | $501M-0.2% | $502M-2.0% | |
| Merger & acquisition and advisory | $526M+1.9% | $516M-17.2% | $623M-6.3% | $665M+2.2% | $651M+3.5% | |
| RJBDP fees | -$765M-0.5% | -$761M-0.1% | -$760M+0.8% | -$766M+0.5% | -$770M+2.9% | |
| Revenues, Net of Interest Expense by Geography | ||||||
| Canada | $696M+4.5% | $666M+3.3% | $645M+3.2% | $625M-0.8% | $630M+1.0% | |
| Europe | $553M+2.6% | $539M-1.8% | $549M-1.8% | $559M+3.3% | $541M+1.7% | |
| U.S. | $13.47B+3.2% | $13.06B+1.5% | $12.87B+2.0% | $12.62B+1.3% | $12.46B+2.2% | |
| Aggregate assets by Geography | ||||||
| Canada | $13.2B+1.1% | $13.05B+0.9% | $12.94B-1.3% | $13.11B-0.7% | $13.2B-0.2% | |
| Europe | $11.45B+3.4% | $11.08B+3.0% | $10.76B+1.4% | $10.61B+4.4% | $10.17B+1.8% | |
| U.S. | $329.1B+2.6% | $320.81B+1.9% | $314.76B+1.7% | $309.5B+1.3% | $305.67B+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.
