Raymond James Financial, Inc. Earnings Recaps
Q4 2026
Oct 30, 2026
Raymond James reported record quarterly and fiscal-year revenues and net income, with quarterly revenue up 15% year over year. The stock rose 2.5% after the earnings release, a relatively modest move that signals a broadly positive but not emphatic market reaction.
Key takeaways
- Quarterly revenue reached a record $4.27 billion, up 15% year over year and 9% sequentially; pretax income was a record $862 million, up 18% year over year.
- Private Client Group quarter-end client assets under administration were $1.87 trillion, up 12% year over year. Domestic net new assets for the fiscal year rose 88% to a record more than $98 billion.
- Fiscal-year domestic recruiting brought in advisers with $538 million of trailing 12-month production and more than $82 billion in client assets at their prior firms.
- Capital Markets revenue growth was driven primarily by stronger Investment Banking results and higher affordable-housing investment business revenue. Fiscal-year consolidated Investment Banking revenue exceeded $1.1 billion, and management said the pipeline remains strong.
- Bank loans ended the quarter at a record $57.5 billion, driven predominantly by securities-based lending, whose balances rose 32% year over year and 6% sequentially.
Q1 2026
Jan 29, 2026
Raymond James Financial delivered robust earnings in Q1 2026, driven by strong adviser recruiting and significant client asset growth, despite challenges in Capital Markets.
Key takeaways
- Achieved annualized net asset growth of 8%, with over $69 billion in total client assets recruited over the past year.
- Record loan balances of $53.4 billion, reflecting a 28% annual growth in securities-based lending.
- Continued investment in technology and platform enhancements, including the launch of an AI operations agent, RA.
- Decline in Capital Markets revenues, attributed to lower M&A and advisory activity; however, a strong pipeline positions the firm for recovery.
- Announced acquisitions of Clark Capital Management and Greens Labs to enhance investment management capabilities and support long-term growth.
Q4 2025
Oct 23, 2025
Raymond James Financial delivers record results for fiscal Q4 and 2025, highlighting robust growth across all business segments and a strong recruiting pipeline.
Key takeaways
- Quarterly net revenues increased 8% year-over-year to $3.7 billion, with a 10% sequential growth.
- Record net revenues of $14.1 billion for fiscal 2025, representing a 10% increase, alongside record pretax income of $2.71 billion, up 3%.
- Client assets under administration reached $1.6 trillion, an 11% year-over-year growth, with nearly $63 billion in client assets recruited over the past year.
- Strong commitment to technology, with a $1 billion investment focused on enhancing adviser efficiency and client experience, including strategic AI initiatives.
- Maintained record hiring of financial advisers with a growth rate of 2%, reflecting successful recruitment and solid retention strategies.