Raymond James Financial, Inc. Earnings Recaps
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.