Raymond James Financial, Inc. Q4 2025 Earnings Recap

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.