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 Business | ||||||
| Asset Management | $327M+13.1% | $326M+10.9% | $314M+14.2% | $291M+9.8% | $289M+14.7% | |
| Capital Markets | $489M+16.4% | $404M-20.2% | $538M+5.5% | $405M+12.5% | $420M+21.7% | |
| Private Client Group | $2.83B+12.6% | $2.79B+8.4% | $2.69B+7.1% | $2.51B+2.6% | $2.51B+5.9% | |
| Total pre-tax income by Business | ||||||
| Asset Management | $137M+13.2% | $143M+14.4% | —— | —— | $121M+15.0% | |
| Bank | $166M+41.9% | $173M+46.6% | $133M+35.7% | $123M+7.0% | $117M+56.0% | |
| Capital Markets | $51M+41.7% | $9M-87.8% | —— | —— | $36M+115% | |
| Private Client Group | $416M-3.5% | $439M-5.0% | —— | —— | $431M-3.4% | |
| Non-interest revenues by Business | ||||||
| Asset Management | $324M+13.3% | $323M+11.4% | —— | —— | $286M+12.9% | |
| Bank | $14M-6.7% | $17M+54.5% | —— | —— | $15M0.0% | |
| Capital Markets | $462M+17.9% | $376M-21.2% | —— | —— | $392M+7.0% | |
| Private Client Group | $2.72B+13.3% | $2.68B+9.3% | —— | —— | $2.4B+5.5% | |
| Revenue From Contract With Customer, Including Assessed Tax And Noninterest Income by Business | ||||||
| Asset Management | $324M+13.3% | $323M+11.4% | $311M+14.8% | $288M+10.3% | $286M+14.9% | |
| Capital Markets | $462M+17.9% | $376M-21.2% | $511M+6.0% | $378M+15.2% | $392M+22.9% | |
| Private Client Group | $2.72B+13.3% | $2.68B+9.3% | $2.57B+7.5% | $2.4B+3.0% | $2.4B+6.7% | |
| All other by Business | ||||||
| Asset Management | $125M+12.6% | $124M+11.7% | $455M+19.4% | $1M0.0% | $111M+11,000% | |
| Capital Markets | $120M+22.4% | $110M+4.8% | $495M+23.8% | $0-100% | $98M— | |
| Private Client Group | $286M+11.7% | $278M+9.0% | $1.06B+11.7% | $5M-61.5% | $256M+4,167% | |
| Principal transactions by Business | ||||||
| Asset Management | $0— | $0— | $0— | $0— | $0— | |
| Capital Markets | $104M-14.0% | $93M+8.1% | $96M+3.2% | $96M+10.3% | $121M+40.7% | |
| Private Client Group | $29M+7.4% | $30M0.0% | $33M+17.9% | $30M+15.4% | $27M+3.8% | |
| Interest Income (Expense), Operating by Business | ||||||
| Asset Management | $3M0.0% | $3M-25.0% | $3M-25.0% | $3M-25.0% | $3M0.0% | |
| Bank | $472M+12.6% | $470M+13.5% | $442M+7.5% | $440M+8.4% | $419M+1.5% | |
| Capital Markets | $2M-50.0% | $4M+33.3% | $2M+100% | $3M+50.0% | $4M+100% | |
| Private Client Group | $90M+4.7% | $91M-8.1% | $92M+4.5% | $91M+2.2% | $86M-6.5% | |
| Aggregate assets by Business | ||||||
| Asset Management | $595M0.0% | $656M+5.5% | $632M+2.6% | $633M+6.2% | $595M+7.2% | |
| Bank | $68.99B+10.0% | $66.69B+7.1% | $65.26B+4.6% | $63.56B+4.9% | $62.7B+2.7% | |
| Capital Markets | $3.78B+12.6% | $3.35B+4.8% | $3.43B-2.6% | $2.99B-8.4% | $3.35B-6.9% | |
| Other | $4.03B+24.7% | $4.1B+42.8% | $4.9B+59.3% | $3.39B+32.8% | $3.23B+13.5% | |
| Private Client Group | $14.56B+9.9% | $13.96B+4.8% | $14.01B+4.4% | $14.24B+4.4% | $13.25B+0.5% | |
| Noninterest Expense by Business | ||||||
| Asset Management | $190M+13.1% | $183M+8.3% | —— | —— | $168M+10.9% | |
| Bank | $320M+0.9% | $314M+2.3% | —— | —— | $317M-5.1% | |
| Capital Markets | $413M+14.7% | $371M-8.6% | —— | —— | $360M+2.5% | |
| Private Client Group | $2.39B+16.5% | $2.33B+11.6% | —— | —— | $2.06B+7.1% | |
| Interest Income by Business | ||||||
| Asset Management | $3M0.0% | $3M-25.0% | $3M-25.0% | $3M-25.0% | $3M0.0% | |
| Capital Markets | $27M-3.6% | $28M-3.4% | $27M-3.6% | $27M-15.6% | $28M+7.7% | |
| Private Client Group | $107M-2.7% | $114M-9.5% | $118M-0.8% | $114M-5.8% | $110M-9.8% | |
| Interest Expense, Operating by Business | ||||||
| Asset Management | $0— | $0— | $0— | $0— | $0— | |
| Capital Markets | $25M+4.2% | $24M-7.7% | $25M-7.4% | $24M-20.0% | $24M0.0% | |
| Private Client Group | $17M-29.2% | $23M-14.8% | $26M-16.1% | $23M-28.1% | $24M-20.0% | |
| Labor and Related Expense by Business | ||||||
| Asset Management | $65M+14.0% | $59M+1.7% | —— | —— | $57M+2.2% | |
| Bank | $47M+4.4% | $48M+4.3% | —— | —— | $45M0.0% | |
| Capital Markets | $293M+11.8% | $261M-13.3% | —— | —— | $262M+4.6% | |
| Private Client Group | $2.11B+17.2% | $2.05B+12.0% | —— | —— | $1.8B+7.4% | |
| Bank loan provision for credit losses by Business | ||||||
| Asset Management | $0— | $0— | —— | —— | $0— | |
| Bank | $5M-68.8% | -$3M— | —— | —— | $16M+42.2% | |
| Capital Markets | $0— | $0— | —— | —— | $0— | |
| Private Client Group | $0— | $0— | —— | —— | $0— | |
| 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% | |
| Total pre-tax income by Geography | ||||||
| Canada | $40M+14.3% | $39M0.0% | —— | —— | $35M+12.0% | |
| Europe | -$11M-1,000% | -$4M-122% | —— | —— | -$1M+75.0% | |
| U.S. | $706M+10.8% | $693M+0.1% | —— | —— | $637M+0.6% | |
| Aggregate assets by Geography | ||||||
| Canada | $3.49B+4.3% | $3.34B+3.5% | $3.18B-4.9% | $3.19B-2.7% | $3.35B-0.9% | |
| Europe | $3.07B+13.9% | $2.71B+13.4% | $2.76B+5.6% | $2.92B+17.9% | $2.69B+7.1% | |
| U.S. | $85.38B+10.8% | $82.71B+7.9% | $82.29B+6.8% | $78.71B+5.1% | $77.09B+2.3% |
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.
