Stocks · Financials · Security Brokers, Dealers & Flotation Companies

Raymond James Financial

RJF Clue Score58
United States Fiscal year ends September CIK 0000720005
$158.38 -0.14% Close, 9 Oct 2026
Price $158.38 +64.09% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2017Revenue6.53Net income0.64EPS, diluted4.33Fiscal year 2018Revenue7.48 +14.6%Net income0.86 +34.7%EPS, diluted5.75 +32.8%Fiscal year 2019Revenue8.02 +7.3%Net income1.03 +20.7%EPS, diluted4.78 −16.9%Fiscal year 2020Revenue8.17 +1.8%Net income0.82 −20.9%EPS, diluted3.88 −18.8%Fiscal year 2021Revenue9.91 +21.3%Net income1.40 +71.5%EPS, diluted6.63 +70.9%Fiscal year 2022Revenue11.31 +14.1%Net income1.51 +7.6%EPS, diluted6.98 +5.3%Fiscal year 2023Revenue12.99 +14.9%Net income1.74 +15.2%EPS, diluted7.97 +14.2%Fiscal year 2024Revenue14.92 +14.9%Net income2.07 +18.9%EPS, diluted9.70 +21.7%Fiscal year 2025Revenue15.91 +6.6%Net income2.14 +3.2%EPS, diluted10.30 +6.2%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 6.53 7.48 8.02 8.17 9.91 11.31 12.99 14.92 15.91
Growth +14.6% +7.3% +1.8% +21.3% +14.1% +14.9% +14.9% +6.6%
Net income 0.64 0.86 1.03 0.82 1.40 1.51 1.74 2.07 2.14
Growth +34.7% +20.7% −20.9% +71.5% +7.6% +15.2% +18.9% +3.2%
EPS, diluted 4.33 5.75 4.78 3.88 6.63 6.98 7.97 9.70 10.30
Growth +32.8% −16.9% −18.8% +70.9% +5.3% +14.2% +21.7% +6.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2017Net margin9.7%Free cash flow margin−4.8%Fiscal year 2018Net margin11.5%Free cash flow margin10.0%Fiscal year 2019Net margin12.9%Free cash flow margin5.5%Fiscal year 2020Net margin10.0%Free cash flow margin48.3%Fiscal year 2021Net margin14.2%Free cash flow margin66.3%Fiscal year 2022Net margin13.3%Free cash flow margin−0.2%Fiscal year 2023Net margin13.4%Free cash flow margin−28.4%Fiscal year 2024Net margin13.9%Free cash flow margin13.1%Fiscal year 2025Net margin13.4%Free cash flow margin14.1%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 9.7% 11.5% 12.9% 10.0% 14.2% 13.3% 13.4% 13.9% 13.4%
Free cash flow margin −4.8% 10.0% 5.5% 48.3% 66.3% −0.2% −28.4% 13.1% 14.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow−0.13Capital expenditure−0.19Free cash flow−0.32Buybacks−0.03Dividends paid−0.13Fiscal year 2018Operating cash flow0.88Capital expenditure−0.13Free cash flow0.75Buybacks−0.06Dividends paid−0.15Fiscal year 2019Operating cash flow0.58Capital expenditure−0.14Free cash flow0.44 −41.5%Buybacks−0.78Dividends paid−0.19Fiscal year 2020Operating cash flow4.07Capital expenditure−0.12Free cash flow3.95 +799.5%Buybacks−0.27Dividends paid−0.21Fiscal year 2021Operating cash flow6.65Capital expenditure−0.07Free cash flow6.57 +66.4%Buybacks−0.13Dividends paid−0.22Fiscal year 2022Operating cash flow0.07Capital expenditure−0.09Free cash flow−0.02 −100.3%Fiscal year 2023Operating cash flow−3.51Capital expenditure−0.17Free cash flow−3.69Fiscal year 2024Operating cash flow2.16Capital expenditure−0.21Free cash flow1.95Fiscal year 2025Operating cash flow2.43Capital expenditure−0.19Free cash flow2.25 +15.2%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −0.13 0.88 0.58 4.07 6.65 0.07 −3.51 2.16 2.43
Capital expenditure −0.19 −0.13 −0.14 −0.12 −0.07 −0.09 −0.17 −0.21 −0.19
Free cash flow −0.32 0.75 0.44 3.95 6.57 −0.02 −3.69 1.95 2.25
Growth −41.5% +799.5% +66.4% −100.3% +15.2%
Buybacks −0.03 −0.06 −0.78 −0.27 −0.13 n/a n/a n/a n/a
Dividends paid −0.13 −0.15 −0.19 −0.21 −0.22 n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash3.67Shareholders’ equity5.58Fiscal year 2018Cash3.50Shareholders’ equity6.37Fiscal year 2019Cash3.96Shareholders’ equity6.58Fiscal year 2020Cash5.39Shareholders’ equity7.11Fiscal year 2021Cash7.20Total debt0.01Net cash (debt)7.19Shareholders’ equity8.25Debt to equity0.00Fiscal year 2022Cash6.18Total debt0.00Net cash (debt)6.18Shareholders’ equity9.46Debt to equity0.00Fiscal year 2023Cash9.31Shareholders’ equity10.21Fiscal year 2024Cash11.00Shareholders’ equity11.67Fiscal year 2025Cash11.39Shareholders’ equity12.50
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 3.67 3.50 3.96 5.39 7.20 6.18 9.31 11.00 11.39
Total debt n/a n/a n/a n/a 0.01 0.00 n/a n/a n/a
Net cash (debt) n/a n/a n/a n/a 7.19 6.18 n/a n/a n/a
Shareholders’ equity 5.58 6.37 6.58 7.11 8.25 9.46 10.21 11.67 12.50
Debt to equity n/a n/a n/a n/a 0.00 0.00 n/a n/a n/a

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Sep 2017 FY2018 30 Sep 2018 FY2019 30 Sep 2019 FY2020 30 Sep 2020 FY2021 30 Sep 2021 FY2022 30 Sep 2022 FY2023 30 Sep 2023 FY2024 30 Sep 2024 FY2025 30 Sep 2025
Revenue and profit
6.53 7.48 8.02 8.17 9.91 11.31 12.99 14.92 15.91
Growth +14.6% +7.3% +1.8% +21.3% +14.1% +14.9% +14.9% +6.6%
0.93 1.31 1.38 1.05 1.79 2.02 2.28 n/a n/a
0.29 0.45 0.34 0.23 0.39 0.51 0.54 0.58 0.58
0.64 0.86 1.03 0.82 1.40 1.51 1.74 2.07 2.14
Growth +34.7% +20.7% −20.9% +71.5% +7.6% +15.2% +18.9% +3.2%
Per share
4.43 5.89 4.88 3.96 6.81 7.16 8.16 9.94 10.53
4.33 5.75 4.78 3.88 6.63 6.98 7.97 9.70 10.30
Growth +32.8% −16.9% −18.8% +70.9% +5.3% +14.2% +21.7% +6.2%
143.3 145.3 211.5 206.4 205.7 209.9 211.8 207.1 202.0
146.6 148.8 216.0 210.3 211.2 215.3 216.9 212.3 206.6
Growth +1.5% +45.2% −2.6% +0.4% +1.9% +0.7% −2.1% −2.7%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 14.3% a year over five years, and earnings per share grew 21.6% a year.
  • The diluted share count fell 1.8% in five years, so buybacks did some of the work per share.
  • Profitable in every one of the 9 years on file.