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Raymond James (RJF) Financials

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$152.56 -1.25 (-0.81%)
As of 05/20/2025 03:58 PM Eastern
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Annual Income Statements for Raymond James

Annual Income Statements for Raymond James

This table shows Raymond James' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 9/30/2024 9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019 9/30/2018 9/30/2017 9/30/2016 9/30/2015
Net Income / (Loss) Attributable to Common Shareholders		 2,063 1,733 1,505 1,403 818 1,034 857 636 529 502
Consolidated Net Income / (Loss)		 2,068 1,739 1,509 1,403 818 1,034 857 636 541 519
Net Income / (Loss) Continuing Operations		 2,068 1,739 1,509 1,435 818 1,034 857 636 541 519
Total Pre-Tax Income 		2,643 2,280 2,022 1,791 1,052 1,375 1,311 925 812 815
Total Revenue		 12,821 11,619 11,003 9,760 7,990 7,740 7,274 6,371 5,405 5,204
Net Interest Income / (Expense)		 0.00 2,375 1,203 673 822 998 842 648 524 437
Total Interest Income		 0.00 3,748 1,508 823 1,000 1,281 1,044 802 640 543
Total Interest Expense		 0.00 1,373 305 150 178 283 202 154 116 106
Total Non-Interest Income		 12,821 9,244 9,800 9,087 7,168 6,742 6,432 5,723 4,881 4,766
Other Service Charges		 10,199 - - - - - - 5,723 82 3,998
Investment Banking Income		 4,232 - - - - - - - 304 710
Other Non-Interest Income		 -1,610 9,244 9,800 9,087 7,168 6,742 6,432 0.00 4,403 -
Total Non-Interest Expense		 10,178 9,339 8,981 7,969 6,938 6,365 5,963 5,446 4,593 4,389
Salaries and Employee Benefits		 8,213 7,299 7,329 6,584 5,465 5,087 4,795 4,228 3,625 3,525
Net Occupancy & Equipment Expense		 958 870 758 661 618 591 554 488 447 430
Marketing Expense		 257 242 186 111 134 194 181 155 148 159
Other Operating Expenses		 705 796 608 645 442 456 409 498 304 252
Other Special Charges		 45 - - - 46 22 20 59 28 24
Income Tax Expense		 575 541 513 388 234 341 454 289 271 296
Preferred Stock Dividends Declared		 5.00 6.00 4.00 0.00 0.00 - - - - -
Basic Earnings per Share		 $9.94 $8.16 $7.16 $6.81 $3.96 $4.88 $5.89 $4.43 $3.72 $3.51
Weighted Average Basic Shares Outstanding		 207.10M 211.80M 209.90M 205.70M 206.40M 211.50M 145.30M 143.30M 141.77M 142.55M
Diluted Earnings per Share		 $9.70 $7.97 $6.98 $6.63 $3.88 $4.78 $5.75 $4.33 $3.65 $3.43
Weighted Average Diluted Shares Outstanding		 212.30M 216.90M 215.30M 211.20M 210.30M 216M 148.80M 146.60M 144.51M 145.94M
Weighted Average Basic & Diluted Shares Outstanding		 204.04M 208.61M 215.06M 206.16M 136.93M 138.72M 143.28M 143.60M 142.30M 143.10M
Cash Dividends to Common per Share		 $1.77 $1.60 $1.28 $1.03 $1.45 $1.32 $1.02 $0.86 $0.78 $0.70

Quarterly Income Statements for Raymond James

This table shows Raymond James' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 493 599 110 982 474 497 63 738 425 507 437
Consolidated Net Income / (Loss)		 495 600 602 492 476 498 434 369 427 509 439
Net Income / (Loss) Continuing Operations		 495 600 592 502 476 498 434 369 427 509 428
Total Pre-Tax Income 		671 749 750 654 609 630 585 486 557 652 616
Total Revenue		 3,403 3,537 3,462 3,228 3,118 3,013 3,053 2,907 2,873 2,786 2,831
Net Interest Income / (Expense)		 963 1,027 -1,598 523 529 1,053 557 601 631 586 497
Total Interest Income		 963 1,027 -3,159 1,057 1,049 1,053 1,019 987 915 827 667
Investment Securities Interest Income		 963 1,027 - 1,057 1,049 1,053 1,019 987 915 827 667
Total Interest Expense		 0.00 0.00 -1,561 534 520 0.00 462 386 284 241 170
Total Non-Interest Income		 2,440 2,510 5,060 2,705 2,589 1,960 2,496 2,306 2,242 2,200 2,334
Other Service Charges		 2,733 2,889 - - 2,475 2,328 - - 2,115 2,068 -
Other Non-Interest Income		 -293 -379 -4,568 2,705 114 -368 6,679 2,306 127 132 6,937
Total Non-Interest Expense		 2,732 2,788 2,702 2,584 2,509 2,383 2,468 2,421 2,316 2,134 2,215
Salaries and Employee Benefits		 2,204 2,272 2,159 2,090 2,043 1,921 1,892 1,851 1,820 1,736 1,759
Net Occupancy & Equipment Expense		 258 251 257 241 238 222 227 217 221 205 204
Marketing Expense		 64 68 64 72 60 61 66 66 54 56 59
Other Operating Expenses		 190 197 200 191 147 167 247 233 193 123 159
Other Special Charges		 16 0.00 - - 21 12 - - 28 14 -
Income Tax Expense		 176 149 158 152 133 132 151 117 130 143 177
Preferred Stock Dividends Declared		 2.00 1.00 1.00 1.00 2.00 1.00 2.00 0.00 2.00 2.00 2.00
Basic Earnings per Share		 $2.41 $2.94 $2.92 $2.37 $2.27 $2.38 $0.30 $1.75 $1.97 $2.36 $2.08
Weighted Average Basic Shares Outstanding		 204.30M 203.70M 207.10M 206.80M 208.30M 208.60M 211.80M 210.10M 214.30M 214.70M 209.90M
Diluted Earnings per Share		 $2.36 $2.86 $2.85 $2.31 $2.22 $2.32 $0.30 $1.71 $1.93 $2.30 $2.08
Weighted Average Diluted Shares Outstanding		 208.70M 209.20M 212.30M 212.30M 213.40M 213.80M 216.90M 214.80M 219.20M 220.40M 215.30M
Weighted Average Basic & Diluted Shares Outstanding		 201.75M 204.91M 204.04M 205.94M 207.28M 209.03M 208.61M 208.84M 211.91M 215.35M 215.06M
Cash Dividends to Common per Share		 $0.50 $0.45 - $0.45 $0.45 $0.42 $0.42 $0.42 $0.42 $0.34 $0.37

Annual Cash Flow Statements for Raymond James

This table details how cash moves in and out of Raymond James' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 9/30/2024 9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019 9/30/2018 9/30/2017 9/30/2016 9/30/2015
Net Change in Cash & Equivalents		 1,800 -2,111 -1,790 6,815 3,663 30 -1,205 611 -951 402
Net Cash From Operating Activities		 2,155 -3,514 72 6,647 4,073 577 884 -125 -573 899
Net Cash From Continuing Operating Activities		 2,155 -3,514 72 6,647 4,073 577 884 -125 -573 899
Net Income / (Loss) Continuing Operations		 2,068 1,739 1,509 1,403 818 1,034 857 636 541 519
Consolidated Net Income / (Loss)		 2,068 1,739 1,509 1,403 818 1,034 857 636 541 519
Provision For Loan Losses		 21 292 111 -20 257 59 55 36 42 34
Depreciation Expense		 179 165 145 134 119 112 99 84 72 68
Amortization Expense		 -36 -49 23 15 57 14 21 -28 -25 -43
Non-Cash Adjustments to Reconcile Net Income		 -81 112 432 104 127 149 201 -273 5.48 64
Changes in Operating Assets and Liabilities, net		 4.00 -5,773 -2,148 5,011 2,695 -791 -349 -580 -1,209 256
Net Cash From Investing Activities		 -968 -274 -7,151 -5,140 -4,985 -1,897 -3,476 -3,376 -2,918 -2,177
Net Cash From Continuing Investing Activities		 -968 -274 -7,151 -5,140 -4,985 -1,897 -3,476 -3,376 -2,918 -2,177
Purchase of Property, Leasehold Improvements and Equipment		 -205 -173 -91 -74 -124 -138 -134 -190 -122 -74
Acquisitions		 0.00 0.00 1,461 -266 -5.00 - - - - -
Purchase of Investment Securities		 -3,188 -2,043 -10,498 -8,237 -6,900 -2,638 -4,101 -3,987 -3,101 -2,306
Sale and/or Maturity of Investments		 2,425 1,942 1,977 3,437 2,044 879 759 801 305 204
Net Cash From Financing Activities		 438 1,438 5,879 5,232 4,574 1,373 1,420 4,065 2,540 1,730
Net Cash From Continuing Financing Activities		 438 1,438 5,879 5,232 4,574 1,373 1,420 4,065 2,540 1,730
Net Change in Deposits		 1,811 2,842 6,269 5,694 4,520 2,339 2,210 3,470 2,343 1,891
Issuance of Debt		 1,300 3,200 1,025 737 1,344 1,150 1,150 2,068 817 550
Issuance of Common Equity		 46 46 52 53 62 65 63 57 43 48
Repayment of Debt		 -1,350 -3,391 -967 -875 -855 -1,155 -1,765 -1,342 -369 -544
Repurchase of Preferred Equity		 0.00 -40 0.00 0.00 - - - - - -
Repurchase of Common Equity		 -984 -862 -216 -150 -291 -778 -62 -34 -163 -89
Payment of Dividends		 -383 -355 -277 -218 -205 -191 -151 -127 -113 -103
Other Financing Activities, Net		 -2.00 -2.00 -7.00 -9.00 -1.00 -57 -25 -27 -17 -24
Effect of Exchange Rate Changes		 175 239 -590 76 1.00 -23 -33 47 0.19 -50
Cash Interest Paid		 2,119 1,310 323 145 164 283 201 156 114 106
Cash Income Taxes Paid		 664 565 524 437 246 390 231 349 304 379

Quarterly Cash Flow Statements for Raymond James

This table details how cash moves in and out of Raymond James' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -493 -768 1,612 -970 -231 1,389 334 -1,146 2,067 -3,366 -5,550
Net Cash From Operating Activities		 117 830 510 711 391 543 434 -188 -624 -3,136 -4,498
Net Cash From Continuing Operating Activities		 117 830 510 711 391 543 434 -188 -624 -3,136 -4,498
Net Income / (Loss) Continuing Operations		 495 600 602 492 476 498 434 369 427 509 439
Consolidated Net Income / (Loss)		 495 600 602 492 476 498 434 369 427 509 439
Provision For Loan Losses		 17 7.00 21 - -7.00 7.00 101 113 57 21 39
Depreciation Expense		 47 47 47 45 45 42 42 42 41 40 40
Amortization Expense		 3.00 -4.00 -6.00 -13 -5.00 -12 -12 -14 -12 -11 -17
Non-Cash Adjustments to Reconcile Net Income		 86 159 -98 54 -23 -14 68 -1.00 -3.00 48 99
Changes in Operating Assets and Liabilities, net		 -531 21 -56 133 -95 22 -199 -697 -1,134 -3,743 -5,098
Net Cash From Investing Activities		 -659 -937 -211 -648 67 -176 -342 387 347 -666 -2,032
Net Cash From Continuing Investing Activities		 -659 -937 -211 -648 67 -176 -342 387 347 -666 -2,032
Purchase of Property, Leasehold Improvements and Equipment		 -46 -41 -50 -56 -49 -50 -51 -53 -42 -27 -23
Purchase of Investment Securities		 -1,092 -1,542 -970 -1,311 -410 -497 -653 -359 -21 -1,010 -2,139
Sale and/or Maturity of Investments		 470 646 809 719 526 371 362 799 410 371 438
Net Cash From Financing Activities		 -16 -447 1,194 -1,022 -641 907 349 -1,433 2,301 221 1,281
Net Cash From Continuing Financing Activities		 -16 -447 1,194 -1,022 -641 907 349 -1,433 2,301 221 1,281
Net Change in Deposits		 553 -160 1,609 -442 -550 1,194 431 -461 2,250 622 1,469
Issuance of Common Equity		 9.00 10 9.00 9.00 18 10 9.00 12 14 11 8.00
Repayment of Debt		 -200 -450 - -600 - -750 -650 -1,450 -500 -791 -61
Payment of Dividends		 -106 -105 -95 -95 -96 -97 -89 -92 -93 -81 -77
Other Financing Activities, Net		 -457 -7.00 - -1.00 - -1.00 - - -1.00 -1.00 -2.00
Effect of Exchange Rate Changes		 65 -214 119 -11 -48 115 -107 88 43 215 -301
Cash Interest Paid		 449 499 544 526 550 499 452 375 267 216 186
Cash Income Taxes Paid		 364 9.00 116 175 349 24 29 147 376 13 138

Annual Balance Sheets for Raymond James

This table presents Raymond James' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 9/30/2024 9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019 9/30/2018 9/30/2017 9/30/2016 9/30/2015
Total Assets		 82,992 78,360 80,951 61,891 47,482 38,830 37,413 34,883 31,487 26,468
Cash and Due from Banks		 10,998 9,313 6,178 7,201 5,390 3,957 3,500 3,670 1,650 2,601
Restricted Cash		 3,350 3,235 8,481 11,348 4,244 2,014 2,441 3,476 4,884 2,905
Trading Account Securities		 9,843 10,633 11,343 9,660 9,023 4,730 4,206 3,726 2,340 1,536
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Customer and Other Receivables		 2,711 2,525 2,934 3,888 3,447 3,654 4,268 3,640 3,554 2,674
Intangible Assets		 1,886 1,907 1,931 882 600 611 639 493 503 377
Other Assets		 54,204 50,747 50,084 28,912 24,778 23,337 21,873 19,441 18,234 16,119
Total Liabilities & Shareholders' Equity		 82,992 78,360 80,951 61,891 47,482 38,830 37,413 34,883 31,487 26,468
Total Liabilities		 71,325 68,173 71,519 53,588 40,306 32,187 30,961 29,190 26,424 21,682
Non-Interest Bearing Deposits		 56,010 54,199 51,357 32,495 26,801 22,281 19,942 17,732 14,263 11,920
Short-Term Debt		 7,098 7,037 13,267 15,354 7,042 6,041 7,163 7,676 8,028 5,871
Other Short-Term Payables		 4,263 3,845 3,555 3,526 - 2,019 1,648 1,627 1,455 1,572
Long-Term Debt		 2,040 2,039 2,038 2,037 2,933 1,550 1,973 1,933 2,358 1,642
Other Long-Term Liabilities		 1,914 1,053 1,302 176 3,530 296 235 221 320 677
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 11,667 10,187 9,432 8,303 7,176 6,643 6,452 5,693 5,063 4,786
Total Preferred & Common Equity		 11,673 10,214 9,458 8,245 7,114 6,581 6,368 5,582 4,917 4,522
Preferred Stock		 79 79 120 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 11,594 10,135 9,338 8,245 7,114 6,581 6,368 5,582 4,917 4,522
Common Stock		 3,253 3,145 2,989 2,090 2,009 1,940 1,810 1,647 1,500 1,346
Retained Earnings		 11,894 10,213 8,843 7,633 6,484 5,874 5,032 4,340 3,835 3,420
Treasury Stock		 -3,051 -2,252 -1,512 -1,437 -1,390 -1,210 -447 -390 -363 -203
Accumulated Other Comprehensive Income / (Loss)		 -502 -971 -982 -41 11 -23 -27 -15 -56 -41
Noncontrolling Interest		 -6.00 -27 -26 58 62 62 84 112 146 264

Quarterly Balance Sheets for Raymond James

This table presents Raymond James' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets		 83,132 82,282 82,992 80,628 81,232 80,130 78,360 77,633 79,180 77,047 80,951
Cash and Due from Banks		 9,662 10,048 10,998 9,095 10,001 10,206 9,313 8,375 8,663 6,177 6,178
Restricted Cash		 3,425 3,532 3,350 3,641 3,705 3,731 3,235 3,839 4,697 5,116 8,481
Trading Account Securities		 9,059 9,277 9,843 10,087 10,671 10,496 10,633 10,951 10,857 11,012 11,343
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 43,345 0.00 0.00 0.00
Customer and Other Receivables		 2,787 2,650 2,711 2,798 2,782 2,382 2,525 2,364 2,575 2,641 2,934
Intangible Assets		 1,855 1,858 1,886 1,884 1,894 1,908 1,907 1,928 1,932 1,938 1,931
Other Assets		 56,344 54,917 54,204 53,123 52,179 51,407 50,747 5,709 49,348 49,041 50,084
Total Liabilities & Shareholders' Equity		 83,132 82,282 82,992 80,628 81,232 80,130 78,360 77,633 79,180 77,047 80,951
Total Liabilities		 70,905 70,353 71,325 69,438 70,253 69,349 68,173 67,711 69,211 67,217 71,519
Non-Interest Bearing Deposits		 56,403 55,850 56,010 54,401 54,843 55,393 54,199 53,768 54,229 51,979 51,357
Short-Term Debt		 6,967 7,081 7,098 6,892 7,702 7,202 7,037 7,528 8,849 9,330 13,267
Other Short-Term Payables		 3,745 3,779 4,263 4,061 3,810 3,405 3,845 3,427 3,058 2,984 3,555
Long-Term Debt		 2,040 2,040 2,040 2,039 2,039 2,039 2,039 2,039 2,038 2,038 2,038
Other Long-Term Liabilities		 1,750 1,603 1,914 2,045 1,859 1,310 1,053 949 1,037 886 1,302
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 12,227 11,929 11,667 11,190 10,979 10,781 10,187 9,922 9,969 9,830 9,432
Total Preferred & Common Equity		 12,212 11,923 11,673 11,197 10,984 10,790 10,214 9,949 9,995 9,856 9,458
Preferred Stock		 79 79 79 79 79 79 79 79 120 120 120
Total Common Equity		 12,133 11,844 11,594 11,118 10,905 10,711 10,135 9,870 9,875 9,736 9,338
Common Stock		 3,154 3,128 3,253 3,223 3,188 3,160 3,145 3,101 3,037 2,977 2,989
Retained Earnings		 12,769 12,378 11,894 11,385 10,988 10,609 10,213 9,870 9,590 9,254 8,843
Treasury Stock		 -3,244 -3,007 -3,051 -2,773 -2,547 -2,365 -2,252 -2,259 -1,954 -1,604 -1,512
Accumulated Other Comprehensive Income / (Loss)		 -546 -655 -502 -717 -724 -693 -971 -842 -798 -891 -982
Noncontrolling Interest		 15 6.00 -6.00 -7.00 -5.00 -9.00 -27 -27 -26 -26 -26

Annual Metrics And Ratios for Raymond James

This table displays calculated financial ratios and metrics derived from Raymond James' official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 9/30/2024 9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019 9/30/2018 9/30/2017 9/30/2016 9/30/2015
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 10.35% 5.60% 12.74% 22.15% 3.23% 6.41% 14.17% 17.87% 3.87% 7.04%
EBITDA Growth		 23.06% 8.33% 5.98% 98.19% -33.71% 4.89% 45.87% 14.16% 2.25% 10.97%
EBIT Growth		 23.04% 11.76% 5.43% 122.59% -40.44% 4.88% 41.73% 13.92% -0.33% 13.78%
NOPAT Growth		 18.92% 15.24% 7.56% 71.52% -20.89% 20.65% 34.75% 17.64% 4.26% 15.72%
Net Income Growth		 18.92% 15.24% 7.56% 71.52% -20.89% 20.65% 34.75% 17.64% 4.26% 15.72%
EPS Growth		 21.71% 14.18% 5.28% 70.88% -20.89% 20.65% 32.79% 18.63% 6.41% 3.31%
Operating Cash Flow Growth		 161.33% -4,980.56% -98.92% 63.20% 605.89% -34.73% 807.20% 78.20% -163.79% 77.05%
Free Cash Flow Firm Growth		 -92.71% 192.50% 134.54% -240.16% -187.90% 317.77% -27.00% 130.00% -318.98% -146.55%
Invested Capital Growth		 8.01% -22.13% -3.72% 49.81% 20.49% -8.69% 1.87% -0.95% 25.62% 10.23%
Revenue Q/Q Growth		 3.30% 1.95% 1.25% 6.74% -38.11% 193.29% 2.96% 3.75% 2.18% 1.15%
EBITDA Q/Q Growth		 7.15% -6.45% -2.84% 20.91% -84.20% 143.31% 7.39% 4.47% -0.21% 4.51%
EBIT Q/Q Growth		 7.09% -7.05% -2.24% 22.60% -86.63% 138.13% 5.71% 4.09% 0.48% 4.33%
NOPAT Q/Q Growth		 8.27% -0.29% 1.96% 16.72% -86.02% 140.96% 8.70% 2.62% 3.20% 6.63%
Net Income Q/Q Growth		 8.84% -0.29% 0.67% 18.60% -86.02% 126.21% 8.70% 2.62% 3.20% 6.63%
EPS Q/Q Growth		 -0.51% -20.54% -1.69% 15.30% -86.02% 126.21% 8.49% 3.34% 8.96% -1.72%
Operating Cash Flow Q/Q Growth		 3.66% 58.39% -99.21% 86.56% 22.20% 3.22% 171.92% -115.72% -245.71% 72.34%
Free Cash Flow Firm Q/Q Growth		 -58.84% -50.50% 130.15% -53.52% -157.76% 201.41% -32.86% 167.72% -199.72% -148.10%
Invested Capital Q/Q Growth		 3.40% -1.16% -23.46% 13.40% 2.07% -2.42% 5.64% 3.26% 18.45% 5.58%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 21.73% 19.49% 18.99% 20.20% 12.45% 19.39% 19.67% 15.40% 15.90% 16.15%
EBIT Margin		 20.61% 18.49% 17.47% 18.68% 10.25% 17.76% 18.02% 14.52% 15.02% 15.65%
Profit (Net Income) Margin		 16.13% 14.97% 13.71% 14.38% 10.24% 13.36% 11.78% 9.98% 10.00% 9.97%
Tax Burden Percent		 78.24% 76.27% 74.63% 78.34% 77.76% 75.20% 65.37% 68.76% 66.59% 63.66%
Interest Burden Percent		 100.00% 106.15% 105.20% 98.24% 128.45% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 21.76% 23.73% 25.37% 21.66% 22.24% 24.80% 34.63% 31.24% 33.41% 36.34%
Return on Invested Capital (ROIC)		 10.32% 7.90% 5.98% 6.55% 5.21% 6.93% 5.55% 4.14% 3.90% 4.42%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.32% 7.90% 5.98% 6.55% 5.21% 6.93% 5.55% 4.14% 3.90% 4.42%
Return on Net Nonoperating Assets (RNNOA)		 8.60% 9.82% 11.03% 11.58% 6.63% 8.86% 8.56% 7.69% 7.08% 6.83%
Return on Equity (ROE)		 18.93% 17.73% 17.02% 18.13% 11.84% 15.79% 14.11% 11.83% 10.98% 11.25%
Cash Return on Invested Capital (CROIC)		 2.63% 32.79% 9.78% -33.33% -13.38% 16.02% 3.70% 5.09% -18.81% -5.31%
Operating Return on Assets (OROA)		 3.28% 2.70% 2.69% 3.33% 1.90% 3.61% 3.63% 2.79% 2.80% 3.27%
Return on Assets (ROA)		 2.56% 2.18% 2.11% 2.57% 1.90% 2.71% 2.37% 1.92% 1.87% 2.08%
Return on Common Equity (ROCE)		 18.82% 17.60% 16.87% 17.99% 11.73% 15.62% 13.89% 11.54% 10.52% 10.57%
Return on Equity Simple (ROE_SIMPLE)		 17.72% 17.03% 15.95% 17.02% 11.50% 15.71% 13.46% 11.39% 11.00% 11.47%
Net Operating Profit after Tax (NOPAT)		 2,068 1,739 1,509 1,403 818 1,034 857 636 541 519
NOPAT Margin		 16.13% 14.97% 13.71% 14.38% 10.24% 13.36% 11.78% 9.98% 10.00% 9.97%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 73.54% 72.39% 75.19% 75.37% 77.81% 75.87% 76.02% 76.46% 78.08% 79.06%
Operating Expenses to Revenue		 79.39% 80.38% 81.62% 81.65% 86.83% 82.24% 81.98% 85.48% 84.98% 84.35%
Earnings before Interest and Taxes (EBIT)		 2,643 2,148 1,922 1,823 819 1,375 1,311 925 812 815
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2,786 2,264 2,090 1,972 995 1,501 1,431 981 859 840
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 2.17 2.04 2.21 2.21 1.33 1.61 1.92 1.96 1.49 1.38
Price to Tangible Book Value (P/TBV)		 2.59 2.51 2.79 2.47 1.45 1.78 2.14 2.15 1.66 1.51
Price to Revenue (P/Rev)		 1.96 1.78 1.88 1.87 1.18 1.37 1.68 1.72 1.36 1.20
Price to Earnings (P/E)		 12.18 11.92 13.73 12.98 11.55 10.27 14.29 17.22 13.84 12.45
Dividend Yield		 1.45% 1.70% 1.42% 1.17% 2.15% 1.78% 1.31% 1.45% 1.55% 1.66%
Earnings Yield		 8.21% 8.39% 7.28% 7.70% 8.66% 9.74% 7.00% 5.81% 7.23% 8.03%
Enterprise Value to Invested Capital (EV/IC)		 0.96 0.90 0.87 0.67 0.57 0.86 1.00 0.88 0.73 0.69
Enterprise Value to Revenue (EV/Rev)		 1.56 1.48 1.95 1.75 1.23 1.59 2.13 2.12 2.09 1.64
Enterprise Value to EBITDA (EV/EBITDA)		 7.18 7.62 10.24 8.68 9.90 8.20 10.85 13.79 13.18 10.14
Enterprise Value to EBIT (EV/EBIT)		 7.56 8.03 11.14 9.39 12.03 8.95 11.84 14.63 13.95 10.46
Enterprise Value to NOPAT (EV/NOPAT)		 9.67 9.92 14.19 12.20 12.04 11.90 18.12 21.27 20.94 16.43
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.28 0.00 297.29 2.58 2.42 21.32 17.56 0.00 0.00 9.48
Enterprise Value to Free Cash Flow (EV/FCFF)		 38.00 2.39 8.68 0.00 0.00 5.15 27.16 17.28 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.78 0.89 1.62 2.09 1.39 1.14 1.42 1.69 2.05 1.57
Long-Term Debt to Equity		 0.17 0.20 0.22 0.25 0.41 0.23 0.31 0.34 0.47 0.34
Financial Leverage		 0.83 1.24 1.84 1.77 1.27 1.28 1.54 1.86 1.82 1.54
Leverage Ratio		 7.38 8.12 8.05 7.07 6.25 5.82 5.95 6.17 5.88 5.40
Compound Leverage Factor		 7.38 8.62 8.47 6.94 8.02 5.82 5.95 6.17 5.88 5.40
Debt to Total Capital		 43.92% 47.12% 61.87% 67.69% 58.16% 53.33% 58.61% 62.79% 67.23% 61.09%
Short-Term Debt to Total Capital		 34.12% 36.53% 53.63% 59.76% 41.06% 42.44% 45.95% 50.16% 51.96% 47.73%
Long-Term Debt to Total Capital		 9.81% 10.59% 8.24% 7.93% 17.10% 10.89% 12.66% 12.63% 15.26% 13.35%
Preferred Equity to Total Capital		 0.38% 0.41% 0.49% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 -0.03% -0.14% -0.11% 0.23% 0.36% 0.44% 0.54% 0.73% 0.95% 2.15%
Common Equity to Total Capital		 55.73% 52.61% 37.75% 32.09% 41.48% 46.23% 40.85% 36.48% 31.82% 36.77%
Debt to EBITDA		 3.28 4.01 7.32 8.82 10.03 5.06 6.38 9.80 12.09 8.94
Net Debt to EBITDA		 -1.87 -1.53 0.31 -0.59 0.34 1.08 2.23 2.51 4.48 2.39
Long-Term Debt to EBITDA		 0.73 0.90 0.98 1.03 2.95 1.03 1.38 1.97 2.74 1.95
Debt to NOPAT		 4.42 5.22 10.14 12.40 12.19 7.34 10.66 15.11 19.21 14.49
Net Debt to NOPAT		 -2.52 -2.00 0.43 -0.83 0.42 1.57 3.73 3.87 7.12 3.87
Long-Term Debt to NOPAT		 0.99 1.17 1.35 1.45 3.59 1.50 2.30 3.04 4.36 3.17
Noncontrolling Interest Sharing Ratio		 0.57% 0.74% 0.86% 0.78% 0.90% 1.11% 1.61% 2.40% 4.17% 6.03%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 526 7,213 2,466 -7,140 -2,099 2,388 572 783 -2,610 -623
Operating Cash Flow to CapEx		 1,051.22% -2,031.21% 79.12% 8,982.43% 3,284.68% 418.12% 659.70% -65.79% -470.96% 1,212.63%
Free Cash Flow to Firm to Interest Expense		 0.00 5.25 8.09 -47.60 -11.79 8.44 2.83 5.08 -22.49 -5.87
Operating Cash Flow to Interest Expense		 0.00 -2.56 0.24 44.31 22.88 2.04 4.38 -0.81 -4.94 8.47
Operating Cash Flow Less CapEx to Interest Expense		 0.00 -2.69 -0.06 43.82 22.19 1.55 3.71 -2.05 -5.99 7.77
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.16 0.15 0.15 0.18 0.19 0.20 0.20 0.19 0.19 0.21
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 15.28 15.76 16.79 18.72 20.76
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 20,805 19,263 24,737 25,694 17,151 14,234 15,588 15,303 15,450 12,299
Invested Capital Turnover		 0.64 0.53 0.44 0.46 0.51 0.52 0.47 0.41 0.39 0.44
Increase / (Decrease) in Invested Capital		 1,542 -5,474 -957 8,543 2,917 -1,354 285 -147 3,151 1,142
Enterprise Value (EV)		 19,990 17,244 21,405 17,116 9,852 12,303 15,526 13,530 11,323 8,521
Market Capitalization		 25,127 20,664 20,665 18,216 9,449 10,621 12,247 10,955 7,324 6,250
Book Value per Share		 $56.30 $48.53 $43.27 $60.10 $51.87 $47.40 $43.65 $38.71 $34.70 $31.41
Tangible Book Value per Share		 $47.14 $39.40 $34.32 $53.67 $47.49 $43.00 $39.27 $35.29 $31.15 $28.79
Total Capital		 20,805 19,263 24,737 25,694 17,151 14,234 15,588 15,303 15,450 12,299
Total Debt		 9,138 9,076 15,305 17,391 9,975 7,591 9,136 9,609 10,387 7,513
Total Long-Term Debt		 2,040 2,039 2,038 2,037 2,933 1,550 1,973 1,933 2,358 1,642
Net Debt		 -5,210 -3,472 646 -1,158 341 1,620 3,195 2,463 3,852 2,007
Capital Expenditures (CapEx)		 205 173 91 74 124 138 134 190 122 74
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 9,138 9,076 15,305 17,391 9,975 7,591 9,136 9,609 10,387 7,513
Total Depreciation and Amortization (D&A)		 143 116 168 149 176 126 120 56 47 26
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $9.94 $8.16 $7.16 $6.81 $3.96 $4.88 $3.93 $2.95 $2.48 $2.34
Adjusted Weighted Average Basic Shares Outstanding		 207.10M 211.80M 209.90M 205.70M 206.40M 211.50M 217.91M 214.91M 212.66M 213.82M
Adjusted Diluted Earnings per Share		 $9.70 $7.97 $6.98 $6.63 $3.89 $4.78 $3.83 $2.89 $2.43 $2.29
Adjusted Weighted Average Diluted Shares Outstanding		 212.30M 216.90M 215.30M 211.20M 210.30M 216M 223.26M 219.97M 216.77M 218.91M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $4.88 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 204.04M 208.61M 215.06M 206.16M 205.40M 208.08M 214.93M 216.60M 212.96M 214.72M
Normalized Net Operating Profit after Tax (NOPAT)		 2,103 1,739 1,509 1,403 854 1,062 873 689 587 534
Normalized NOPAT Margin		 16.40% 14.97% 13.71% 14.38% 10.69% 13.72% 12.00% 10.81% 10.85% 10.25%
Pre Tax Income Margin		 20.61% 19.62% 18.38% 18.35% 13.17% 17.76% 18.02% 14.52% 15.02% 15.65%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 1.56 6.30 12.15 4.60 4.86 6.49 6.01 7.00 7.68
NOPAT to Interest Expense		 0.00 1.27 4.95 9.35 4.60 3.65 4.24 4.13 4.66 4.89
EBIT Less CapEx to Interest Expense		 0.00 1.44 6.00 11.66 3.90 4.37 5.83 4.77 5.95 6.98
NOPAT Less CapEx to Interest Expense		 0.00 1.14 4.65 8.86 3.90 3.17 3.58 2.90 3.61 4.19
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 18.52% 20.41% 18.36% 15.54% 25.06% 18.47% 17.62% 19.97% 20.98% 19.89%
Augmented Payout Ratio		 66.10% 69.98% 32.67% 26.23% 60.64% 93.71% 24.85% 25.31% 51.04% 36.96%

Quarterly Metrics And Ratios for Raymond James

This table displays calculated financial ratios and metrics derived from Raymond James' official financial filings.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 9.14% 17.39% 13.40% 11.04% 8.53% 8.15% 7.84% 6.95% 7.48% 0.18% 5.05%
EBITDA Growth		 11.09% 20.00% 30.24% 49.13% 10.75% -3.08% -3.76% -1.50% 22.85% 10.19% 6.50%
EBIT Growth		 10.18% 18.89% 29.91% 51.39% 9.34% -3.37% -5.03% 4.10% 28.64% 14.59% 10.00%
NOPAT Growth		 3.99% 20.48% 36.41% 36.04% 11.48% -2.16% -1.14% 22.59% 32.20% 14.13% 7.07%
Net Income Growth		 3.99% 20.48% 38.71% 33.33% 11.48% -2.16% -1.14% 22.59% 32.20% 14.13% 2.33%
EPS Growth		 6.31% 23.28% 850.00% 35.09% 15.03% 0.87% -85.58% 23.91% 26.97% 9.52% -0.48%
Operating Cash Flow Growth		 -70.08% 52.85% 17.51% 478.19% 162.66% 117.32% 109.65% -103.28% -155.86% -37.12% -199.91%
Free Cash Flow Firm Growth		 -103.10% -125.57% -116.08% -100.99% -95.64% -83.73% 323.21% 241.01% 226.17% 224.43% 117.16%
Invested Capital Growth		 2.48% 5.13% 8.01% 3.24% -0.65% -5.55% -22.13% -39.69% -39.50% -31.57% -3.72%
Revenue Q/Q Growth		 -3.79% 2.17% 7.25% 3.53% 3.48% -1.31% 5.02% 1.18% 3.12% -1.59% 4.16%
EBITDA Q/Q Growth		 -8.96% -1.12% 16.76% 5.70% -1.67% 7.32% 33.70% -21.50% -13.95% 6.57% 36.83%
EBIT Q/Q Growth		 -10.41% -1.45% 16.21% 7.39% -3.33% 7.69% 35.42% -22.44% -14.57% 5.84% 48.43%
NOPAT Q/Q Growth		 -17.50% 1.35% 17.93% 5.46% -4.42% 14.75% 17.62% -13.58% -16.11% 15.95% 45.85%
Net Income Q/Q Growth		 -17.50% -0.33% 22.36% 3.36% -4.42% 14.75% 17.62% -13.58% -16.11% 15.95% 45.85%
EPS Q/Q Growth		 -17.48% 0.35% 23.38% 4.05% -4.31% 673.33% -82.46% -11.40% -16.09% 10.58% 50.72%
Operating Cash Flow Q/Q Growth		 -85.90% 62.75% -28.27% 81.84% -27.99% 25.12% 330.85% 69.87% 80.10% 30.28% -178.36%
Free Cash Flow Firm Q/Q Growth		 95.56% 54.95% -630.77% -121.24% -63.44% -71.67% -55.23% -6.01% 36.47% 637.03% 114.92%
Invested Capital Q/Q Growth		 0.87% 1.18% 3.40% -2.89% 3.49% 3.94% -1.16% -6.55% -1.61% -14.31% -23.46%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 21.19% 22.39% 23.14% 21.25% 20.81% 21.91% 20.14% 15.82% 20.40% 24.44% 22.57%
EBIT Margin		 19.72% 21.18% 21.95% 20.26% 19.53% 20.91% 19.16% 14.86% 19.39% 23.40% 21.76%
Profit (Net Income) Margin		 14.55% 16.96% 17.39% 15.24% 15.27% 16.53% 14.22% 12.69% 14.86% 18.27% 15.51%
Tax Burden Percent		 73.77% 80.11% 80.27% 75.23% 78.16% 79.05% 74.19% 75.93% 76.66% 78.07% 71.27%
Interest Burden Percent		 100.00% 100.00% 98.68% 100.00% 100.00% 100.00% 100.00% 112.50% 100.00% 100.00% 100.00%
Effective Tax Rate		 26.23% 19.89% 21.07% 23.24% 21.84% 20.95% 25.81% 24.07% 23.34% 21.93% 28.73%
Return on Invested Capital (ROIC)		 9.45% 11.02% 10.94% 9.75% 8.88% 9.50% 7.51% 5.59% 6.02% 7.71% 6.77%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.45% 11.02% 11.05% 9.64% 8.88% 9.50% 7.51% 5.59% 6.02% 7.71% 6.77%
Return on Net Nonoperating Assets (RNNOA)		 7.64% 8.91% 9.21% 8.44% 8.74% 9.50% 9.33% 9.32% 11.91% 14.05% 12.47%
Return on Equity (ROE)		 17.09% 19.94% 20.16% 18.19% 17.62% 19.00% 16.84% 14.90% 17.93% 21.76% 19.24%
Cash Return on Invested Capital (CROIC)		 7.98% 5.56% 2.63% 6.45% 9.20% 14.09% 32.79% 56.26% 55.27% 43.51% 9.78%
Operating Return on Assets (OROA)		 3.27% 3.48% 3.49% 3.18% 2.94% 3.15% 2.80% 2.07% 2.85% 3.54% 3.35%
Return on Assets (ROA)		 2.41% 2.79% 2.76% 2.39% 2.30% 2.49% 2.07% 1.77% 2.19% 2.76% 2.39%
Return on Common Equity (ROCE)		 16.96% 19.80% 20.04% 18.08% 17.48% 18.85% 16.71% 14.79% 17.84% 21.59% 19.08%
Return on Equity Simple (ROE_SIMPLE)		 17.93% 18.20% 0.00% 16.97% 16.18% 16.01% 0.00% 17.53% 16.77% 15.95% 0.00%
Net Operating Profit after Tax (NOPAT)		 495 600 592 502 476 498 434 369 427 509 439
NOPAT Margin		 14.55% 16.96% 17.10% 15.55% 15.27% 16.53% 14.22% 12.69% 14.86% 18.27% 15.51%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% -0.11% 0.11% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 74.23% 73.25% 71.63% 74.44% 75.08% 73.15% 71.57% 73.41% 72.92% 71.68% 71.42%
Operating Expenses to Revenue		 80.28% 78.82% 78.05% 80.05% 80.47% 79.09% 80.84% 83.28% 80.61% 76.60% 78.24%
Earnings before Interest and Taxes (EBIT)		 671 749 760 654 609 630 585 432 557 652 616
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 721 792 801 686 649 660 615 460 586 681 639
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.34 2.67 2.17 2.30 2.45 2.14 2.04 2.19 1.99 2.30 2.21
Price to Tangible Book Value (P/TBV)		 2.76 3.16 2.59 2.76 2.97 2.61 2.51 2.73 2.48 2.88 2.79
Price to Revenue (P/Rev)		 2.08 2.37 1.96 2.06 2.21 1.94 1.78 1.90 1.76 2.04 1.88
Price to Earnings (P/E)		 12.99 14.59 12.18 12.66 15.09 13.33 11.92 10.28 11.81 14.33 13.73
Dividend Yield		 1.34% 1.16% 1.45% 1.41% 1.36% 1.56% 1.70% 1.57% 1.66% 1.38% 1.42%
Earnings Yield		 7.70% 6.85% 8.21% 7.90% 6.63% 7.50% 8.39% 9.73% 8.47% 6.98% 7.28%
Enterprise Value to Invested Capital (EV/IC)		 1.15 1.29 0.96 1.08 1.10 0.92 0.90 0.98 0.83 1.07 0.87
Enterprise Value to Revenue (EV/Rev)		 1.79 2.04 1.56 1.76 1.89 1.55 1.48 1.67 1.55 2.05 1.95
Enterprise Value to EBITDA (EV/EBITDA)		 8.15 9.33 7.18 8.38 9.37 7.72 7.62 7.88 7.30 9.98 10.24
Enterprise Value to EBIT (EV/EBIT)		 8.63 9.85 7.56 8.83 9.89 8.12 8.03 8.25 7.73 10.68 11.14
Enterprise Value to NOPAT (EV/NOPAT)		 11.14 12.54 9.67 11.41 12.86 10.61 9.92 10.93 10.33 14.38 14.19
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.24 11.15 9.28 10.48 19.37 111.12 0.00 0.00 0.00 0.00 297.29
Enterprise Value to Free Cash Flow (EV/FCFF)		 14.55 23.83 38.00 17.05 11.95 6.31 2.39 1.31 1.13 1.99 8.68
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.74 0.76 0.78 0.80 0.89 0.86 0.89 0.96 1.09 1.16 1.62
Long-Term Debt to Equity		 0.17 0.17 0.17 0.18 0.19 0.19 0.20 0.21 0.20 0.21 0.22
Financial Leverage		 0.81 0.81 0.83 0.88 0.98 1.00 1.24 1.67 1.98 1.82 1.84
Leverage Ratio		 7.08 7.15 7.38 7.50 7.66 7.63 8.12 8.43 8.20 7.87 8.05
Compound Leverage Factor		 7.08 7.15 7.29 7.50 7.66 7.63 8.12 9.49 8.20 7.87 8.05
Debt to Total Capital		 42.42% 43.33% 43.92% 44.39% 47.01% 46.15% 47.12% 49.09% 52.20% 53.63% 61.87%
Short-Term Debt to Total Capital		 32.81% 33.64% 34.12% 34.25% 37.17% 35.97% 36.53% 38.63% 42.43% 44.01% 53.63%
Long-Term Debt to Total Capital		 9.61% 9.69% 9.81% 10.13% 9.84% 10.18% 10.59% 10.46% 9.77% 9.61% 8.24%
Preferred Equity to Total Capital		 0.37% 0.38% 0.38% 0.39% 0.38% 0.39% 0.41% 0.41% 0.58% 0.57% 0.49%
Noncontrolling Interests to Total Capital		 0.07% 0.03% -0.03% -0.03% -0.02% -0.05% -0.14% -0.14% -0.12% -0.12% -0.11%
Common Equity to Total Capital		 57.14% 56.27% 55.73% 55.26% 52.63% 53.50% 52.61% 50.64% 47.35% 45.93% 37.75%
Debt to EBITDA		 3.01 3.13 3.28 3.44 4.00 3.89 4.01 3.95 4.59 5.02 7.32
Net Debt to EBITDA		 -1.36 -1.53 -1.87 -1.46 -1.63 -1.98 -1.53 -1.09 -1.04 0.03 0.31
Long-Term Debt to EBITDA		 0.68 0.70 0.73 0.78 0.84 0.86 0.90 0.84 0.86 0.90 0.98
Debt to NOPAT		 4.11 4.20 4.42 4.68 5.48 5.35 5.22 5.49 6.50 7.23 10.14
Net Debt to NOPAT		 -1.86 -2.05 -2.52 -1.99 -2.23 -2.72 -2.00 -1.52 -1.48 0.05 0.43
Long-Term Debt to NOPAT		 0.93 0.94 0.99 1.07 1.15 1.18 1.17 1.17 1.22 1.30 1.35
Noncontrolling Interest Sharing Ratio		 0.72% 0.68% 0.57% 0.59% 0.80% 0.80% 0.74% 0.77% 0.54% 0.79% 0.86%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -19 -428 -950 -130 612 1,674 5,908 13,197 14,041 10,289 1,396
Operating Cash Flow to CapEx		 254.35% 2,024.39% 1,020.00% 1,269.64% 797.96% 1,086.00% 850.98% -354.72% -1,485.71% -11,614.81% -19,556.52%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 -0.24 1.18 0.00 12.79 34.19 49.44 42.69 8.21
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 1.33 0.75 0.00 0.94 -0.49 -2.20 -13.01 -26.46
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 1.23 0.66 0.00 0.83 -0.62 -2.35 -13.12 -26.59
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.17 0.16 0.16 0.16 0.15 0.15 0.15 0.14 0.15 0.15 0.15
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 21,234 21,050 20,805 20,121 20,720 20,022 19,263 19,489 20,856 21,198 24,737
Invested Capital Turnover		 0.65 0.65 0.64 0.63 0.58 0.57 0.53 0.44 0.41 0.42 0.44
Increase / (Decrease) in Invested Capital		 514 1,028 1,542 632 -136 -1,176 -5,474 -12,828 -13,614 -9,780 -957
Enterprise Value (EV)		 24,376 27,218 19,990 21,795 22,855 18,334 17,244 19,060 17,321 22,604 21,405
Market Capitalization		 28,362 31,592 25,127 25,528 26,746 22,960 20,664 21,655 19,700 22,435 20,665
Book Value per Share		 $59.21 $58.05 $56.30 $53.64 $52.17 $51.35 $48.53 $46.58 $45.86 $45.27 $43.27
Tangible Book Value per Share		 $50.16 $48.94 $47.14 $44.55 $43.11 $42.20 $39.40 $37.48 $36.88 $36.26 $34.32
Total Capital		 21,234 21,050 20,805 20,121 20,720 20,022 19,263 19,489 20,856 21,198 24,737
Total Debt		 9,007 9,121 9,138 8,931 9,741 9,241 9,076 9,567 10,887 11,368 15,305
Total Long-Term Debt		 2,040 2,040 2,040 2,039 2,039 2,039 2,039 2,039 2,038 2,038 2,038
Net Debt		 -4,080 -4,459 -5,210 -3,805 -3,965 -4,696 -3,472 -2,647 -2,473 75 646
Capital Expenditures (CapEx)		 46 41 50 56 49 50 51 53 42 27 23
Net Nonoperating Expense (NNE)		 0.00 0.00 -10 10 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 9,007 9,121 9,138 8,931 9,741 9,241 9,076 9,567 10,887 11,368 15,305
Total Depreciation and Amortization (D&A)		 50 43 41 32 40 30 30 28 29 29 23
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.41 $2.94 $2.92 $2.37 $2.27 $2.38 $0.30 $1.75 $1.97 $2.36 $2.08
Adjusted Weighted Average Basic Shares Outstanding		 204.30M 203.70M 207.10M 206.80M 208.30M 208.60M 211.80M 210.10M 214.30M 214.70M 209.90M
Adjusted Diluted Earnings per Share		 $2.36 $2.86 $2.85 $2.31 $2.22 $2.32 $0.30 $1.71 $1.93 $2.30 $2.08
Adjusted Weighted Average Diluted Shares Outstanding		 208.70M 209.20M 212.30M 212.30M 213.40M 213.80M 216.90M 214.80M 219.20M 220.40M 215.30M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.30 $0.00 $0.00 $0.00 $2.08
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 201.75M 204.91M 204.04M 205.94M 207.28M 209.03M 208.61M 208.84M 211.91M 215.35M 215.06M
Normalized Net Operating Profit after Tax (NOPAT)		 507 600 592 502 492 507 434 369 448 520 439
Normalized NOPAT Margin		 14.89% 16.96% 17.10% 15.55% 15.79% 16.84% 14.22% 12.69% 15.61% 18.66% 15.51%
Pre Tax Income Margin		 19.72% 21.18% 21.66% 20.26% 19.53% 20.91% 19.16% 16.72% 19.39% 23.40% 21.76%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 1.22 1.17 0.00 1.27 1.12 1.96 2.71 3.62
NOPAT to Interest Expense		 0.00 0.00 0.00 0.94 0.92 0.00 0.94 0.96 1.50 2.11 2.58
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 1.12 1.08 0.00 1.16 0.98 1.81 2.59 3.49
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.84 0.82 0.00 0.83 0.82 1.36 2.00 2.45
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 18.32% 18.02% 18.52% 19.84% 21.05% 21.47% 20.41% 19.67% 19.09% 18.96% 18.36%
Augmented Payout Ratio		 18.32% 62.72% 66.10% 54.42% 61.34% 71.93% 69.98% 72.19% 61.75% 41.48% 32.67%

Frequently Asked Questions About Raymond James' Financials

When does Raymond James's financial year end?

According to the most recent income statement we have on file, Raymond James' fiscal year ends in September. Their fiscal year 2024 ended on September 30, 2024.

How has Raymond James' net income changed over the last 9 years?

Raymond James' net income appears to be on an upward trend, with a most recent value of $2.07 billion in 2024, rising from $518.58 million in 2015. The previous period was $1.74 billion in 2023. Find out what analysts predict for Raymond James in the coming months.

How has Raymond James revenue changed over the last 9 years?

Over the last 9 years, Raymond James' total revenue changed from $5.20 billion in 2015 to $12.82 billion in 2024, a change of 146.4%.

How much debt does Raymond James have?

Raymond James' total liabilities were at $71.33 billion at the end of 2024, a 4.6% increase from 2023, and a 229.0% increase since 2015.

How much cash does Raymond James have?

In the past 9 years, Raymond James' cash and equivalents has ranged from $1.65 billion in 2016 to $11.00 billion in 2024, and is currently $11.00 billion as of their latest financial filing in 2024.

How has Raymond James' book value per share changed over the last 9 years?

Over the last 9 years, Raymond James' book value per share changed from 31.41 in 2015 to 56.30 in 2024, a change of 79.3%.


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This page (NYSE:RJF) was last updated on 5/21/2025 by MarketBeat.com Staff
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