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+12.0% | $1.22B+12.3% | $1.19B+15.7% | $1.15B+16.3% | $1.12B+18.3% | |
| Capital Markets | $1.74B+2.9% | $1.67B+3.5% | $1.77B+20.2% | $1.74B+30.8% | $1.69B+32.4% | |
| Private Client Group | $10.73B+8.1% | $10.4B+6.3% | $10.18B+7.6% | $10B+8.1% | $9.93B+10.1% | |
| Revenue by Business | ||||||
| Asset Management | $1.26B+12.0% | $1.22B+12.3% | $1.19B+15.7% | $1.15B+16.3% | $1.12B+18.3% | |
| Capital Markets | $1.84B+2.2% | $1.77B+2.7% | $1.87B+18.7% | $1.84B+29.0% | $1.8B+31.7% | |
| Private Client Group | $10.82B+7.7% | $10.5B+6.0% | $10.28B+7.4% | $10.1B+7.9% | $10.04B+10.1% | |
| Total pre-tax income by Business | ||||||
| Bank | $595M+32.8% | $546M+34.5% | $491M+29.2% | $456M+26.7% | $448M+44.1% | |
| Revenue From Contract With Customer, Including Assessed Tax And Noninterest Income by Business | ||||||
| Asset Management | $1.25B+12.5% | $1.21B+12.8% | $1.18B+16.0% | $1.14B+16.4% | $1.11B+18.1% | |
| Capital Markets | $1.73B+2.9% | $1.66B+3.2% | $1.76B+19.9% | $1.73B+30.7% | $1.68B+32.1% | |
| Private Client Group | $10.36B+8.3% | $10.04B+6.7% | $9.81B+7.9% | $9.63B+8.4% | $9.56B+10.6% | |
| All other by Business | ||||||
| Asset Management | $705M+16.7% | $691M+39.9% | $678M+77.0% | $604M+79.8% | $604M+80.3% | |
| Capital Markets | $725M+19.8% | $703M+38.7% | $698M+73.2% | $603M+48.9% | $605M+50.1% | |
| Private Client Group | $1.63B+10.6% | $1.6B+30.7% | $1.58B+62.0% | $1.47B+54.9% | $1.48B+53.8% | |
| Principal transactions by Business | ||||||
| Asset Management | $0— | $0— | $0— | $0— | $0— | |
| Capital Markets | $389M+0.5% | $406M+15.3% | $399M+7.5% | $396M+14.8% | $387M+15.2% | |
| Private Client Group | $122M+9.9% | $120M+9.1% | $120M+7.1% | $115M+3.6% | $111M+0.9% | |
| Interest Income (Expense), Operating by Business | ||||||
| Asset Management | $12M-20.0% | $12M-20.0% | $13M-7.1% | $14M+7.7% | $15M+36.4% | |
| Bank | $1.82B+10.5% | $1.77B+7.7% | $1.72B+3.6% | $1.68B0.0% | $1.65B-7.0% | |
| Capital Markets | $11M+10.0% | $13M+62.5% | $12M+100% | $11M+57.1% | $10M+100% | |
| Private Client Group | $364M+0.6% | $360M-2.2% | $368M+1.9% | $364M0.0% | $362M-0.5% | |
| Aggregate assets by Business | ||||||
| Asset Management | $2.52B+3.6% | $2.52B+5.3% | $2.48B+6.3% | $2.47B+7.8% | $2.43B+8.6% | |
| Bank | $264.5B+6.7% | $258.22B+4.9% | $253.8B+3.4% | $250.91B+3.2% | $247.92B+2.4% | |
| Capital Markets | $13.54B+1.6% | $13.12B-3.4% | $12.97B-1.1% | $13.06B+2.9% | $13.34B+8.0% | |
| Other | $16.42B+40.0% | $15.62B+37.7% | $14.39B+30.3% | $12.57B+22.5% | $11.73B— | |
| Private Client Group | $56.77B+5.9% | $55.46B+3.5% | $54.81B+3.4% | $54.22B+4.4% | $53.62B+6.0% | |
| Interest Income by Business | ||||||
| Asset Management | $12M-20.0% | $12M-20.0% | $13M-7.1% | $14M+7.7% | $15M+36.4% | |
| Capital Markets | $109M-6.8% | $110M-4.3% | $111M+1.8% | $112M+7.7% | $117M+25.8% | |
| Private Client Group | $453M-4.8% | $456M-6.6% | $468M-2.5% | $469M-1.5% | $476M+1.5% | |
| Interest Expense, Operating by Business | ||||||
| Asset Management | $0— | $0— | $0— | $0— | $0— | |
| Capital Markets | $98M-8.4% | $97M-9.3% | $99M-3.9% | $101M+4.1% | $107M+21.6% | |
| Private Client Group | $89M-21.9% | $96M-20.0% | $100M-16.0% | $105M-6.3% | $114M+8.6% | |
| Revenue by Product | ||||||
| Affordable housing investments business revenues | $150M+23.0% | $142M+14.5% | $140M+18.6% | $125M+7.8% | $122M+14.0% | |
| Asset management and related administrative fees | $7.63B+13.1% | $7.33B+12.3% | $7.08B+14.2% | $6.86B+14.8% | $6.74B+17.4% | |
| Brokerage Revenue, Securities Commissions, Mutual And Other Fund Products | $650M+7.6% | $627M+5.9% | $614M+6.8% | $608M+7.2% | $604M+7.9% | |
| Client account and other fees | $243M-1.6% | $239M-2.0% | $246M+3.8% | $251M+10.1% | $247M+10.8% | |
| Debt underwriting | $285M+39.7% | $255M+28.8% | $261M+55.4% | $215M+40.5% | $204M+54.5% | |
| Equities, exchange-traded funds (“ETFs”) and fixed income products | $707M+14.2% | $669M+10.8% | $650M+16.7% | $631M+19.7% | $619M+23.6% | |
| Equity underwriting | $204M+10.9% | $181M+3.4% | $185M+9.5% | $188M+39.3% | $184M+44.9% | |
| Insurance and annuity products | $540M+7.6% | $525M+2.5% | $511M-1.5% | $501M0.0% | $502M+5.9% | |
| Merger & acquisition and advisory | $526M-19.2% | $516M-18.0% | $623M+19.6% | $665M+45.5% | $651M+43.4% | |
| RJBDP fees | -$765M+0.6% | -$761M+4.0% | -$760M+8.3% | -$766M+11.9% | -$770M+18.8% | |
| Revenues, Net of Interest Expense by Geography | ||||||
| Canada | $696M+10.5% | $666M+6.7% | $645M+7.7% | $625M+5.4% | $630M+8.8% | |
| Europe | $553M+2.2% | $539M+1.3% | $549M+11.1% | $559M+18.4% | $541M+16.8% | |
| U.S. | $13.47B+8.1% | $13.06B+7.1% | $12.87B+9.7% | $12.62B+11.2% | $12.46B+12.8% | |
| Aggregate assets by Geography | ||||||
| Canada | $13.2B0.0% | $13.05B-1.3% | $12.94B-3.3% | $13.11B-2.5% | $13.2B-2.7% | |
| Europe | $11.45B+12.6% | $11.08B+10.9% | $10.76B+7.3% | $10.61B+7.5% | $10.17B+1.9% | |
| U.S. | $329.1B+7.7% | $320.81B+5.6% | $314.76B+4.4% | $309.5B+4.2% | $305.67B+4.0% |
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.
