# Raymond James Financial Inc. (RJF)

**Exchange:** NYSE  
**Sector:** Financial Services  
**Market cap:** $31.90B  
**Price:** $154.40 (+2.65%)

> Raymond James Financial Inc. is a diversified financial services company providing comprehensive wealth management, investment banking, and financial solutions to individuals, corporations, and municipalities across the United States, Canada, and Europe. The company operates through four primary business segments: the Private Client Group, which delivers financial planning and investment advisory services through a network of financial advisors; Capital Markets, encompassing investment banking, institutional sales, securities trading, and equity research; Asset Management, offering portfolio management and related services to retail and institutional clients; and Banking, providing corporate and retail banking solutions. Raymond James also engages in merger and acquisition advisory, underwriting and distribution of equity and debt securities, mutual fund sales, trust services, and private equity investments. Founded in 1962 and headquartered in St. Petersburg, Florida, Raymond James operates as an independent investment bank, serving as a significant player in the financial services industry with a strong focus on delivering integrated financial solutions and advisory services across multiple market segments.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $14.06B | — | — | $2.13B | $10.30 |
| 2024 | $12.82B | — | — | $2.07B | $9.70 |
| 2023 | $11.62B | — | — | $1.74B | $7.97 |
| 2022 | $11.00B | — | — | $1.51B | $6.98 |
| 2021 | $9.76B | — | — | $1.40B | $6.63 |
| 2020 | $7.99B | — | — | $818M | $5.83 |
| 2019 | $7.74B | — | — | $1.03B | $7.17 |
| 2018 | $7.27B | — | — | $857M | $5.75 |
| 2017 | $6.37B | — | — | $636M | $4.33 |
| 2016 | $5.40B | — | — | $529M | $3.65 |
| 2015 | $5.20B | — | — | $502M | $3.43 |
| 2014 | $4.86B | — | — | $480M | $3.32 |
| 2013 | $4.49B | — | — | $367M | $2.58 |
| 2012 | $3.81B | — | — | $296M | $2.20 |
| 2011 | $3.40B | — | — | $278M | $2.19 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $88.23B | $75.73B | $12.50B | $11.39B | — |
| 2024 | $82.99B | $71.33B | $11.67B | $11.00B | — |
| 2023 | $78.36B | $68.17B | $10.19B | $9.31B | — |
| 2022 | $80.95B | $71.52B | $9.43B | $6.18B | — |
| 2021 | $61.89B | $53.59B | $8.30B | $7.20B | — |
| 2020 | $47.48B | $40.31B | $7.18B | $5.39B | — |
| 2019 | $38.83B | $32.19B | $6.64B | $3.96B | — |
| 2018 | $37.41B | $30.96B | $6.45B | $3.50B | — |
| 2017 | $34.88B | $29.19B | $5.69B | $3.67B | — |
| 2016 | $31.59B | $26.44B | $5.15B | $1.65B | — |
| 2015 | $26.48B | $21.69B | $4.79B | $2.60B | — |
| 2014 | $23.33B | $18.89B | $4.43B | $2.20B | $1.19B |
| 2013 | $23.19B | $19.19B | $4.00B | $2.60B | $1.19B |
| 2012 | $21.16B | $17.48B | $3.68B | $1.98B | — |
| 2011 | $18.01B | $15.10B | $2.91B | $2.44B | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | — | $188M | $2.25B |
| 2024 | — | $205M | $1.95B |
| 2023 | — | $173M | -$3.69B |
| 2022 | — | $91M | -$19M |
| 2021 | — | $74M | $6.55B |
| 2020 | — | $124M | $3.93B |
| 2019 | — | $138M | $439M |
| 2018 | — | $134M | $1.77B |
| 2017 | — | $190M | $1.12B |
| 2016 | — | $122M | -$640M |
| 2015 | — | $74M | $825M |
| 2014 | — | $60M | $447M |
| 2013 | — | $73M | $587M |
| 2012 | — | $78M | $314M |
| 2011 | — | $37M | $1.52B |

Source: [DividendWall](https://dividendwall.com/company/RJF)