Raymond James Financial, Inc. (RJF) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 0 | 143M | 796M | 691M | 117M | 830M | 510M | 711M | 391M | 543M | 434M | -188M | -624M | -3.14B | -4.5B | 5.74B | 1.12B | -2.29B | 4.5B | 1.41B |
| Operating CF Margin % | - | 3.42% | 19.27% | 18.25% | 3.09% | 20.84% | 12.9% | 19.14% | 10.88% | 15.6% | 12.49% | -5.78% | -19.99% | -104.78% | -151.7% | 209.49% | 41.82% | -82.27% | 167.14% | 56.84% |
| Operating CF Growth % | -100% | -82.77% | 56.08% | -2.81% | -70.08% | 52.85% | 17.51% | 478.19% | 162.66% | 117.32% | 109.65% | -103.28% | -155.86% | -37.12% | -199.93% | 307.67% | 194.26% | -219.05% | 221.73% | 588.89% |
| Net Income | 0 | 562M | 604M | 436M | 495M | 600M | 602M | 492M | 476M | 498M | 434M | 369M | 427M | 509M | 439M | 301M | 323M | 446M | 429M | 307M |
| Depreciation & Amortization | 0 | 49M | -52M | 49M | 47M | 47M | 47M | 45M | 45M | 42M | 42M | 42M | 41M | 40M | 40M | 36M | 34M | 35M | 37M | 33M |
| Stock-Based Compensation | 0 | 79M | 55M | 52M | 54M | 93M | 53M | 54M | 57M | 90M | 45M | 54M | 57M | 81M | 43M | 40M | 44M | 65M | 29M | 29M |
| Deferred Taxes | 0 | 0 | 48M | -50M | 11M | 35M | -55M | -2M | -17M | -9M | -66M | -18M | -29M | 25M | -39M | 11M | -2M | 14M | -13M | -51M |
| Other Non-Cash Items | 0 | 33M | 45M | -89M | 94M | -33M | -62M | -35M | 27M | -197M | 169M | 65M | 86M | -114M | 135M | 339M | -8M | -76M | 36M | 121M |
| Working Capital Changes | 0 | -580M | 96M | 293M | -584M | 88M | -75M | 157M | -197M | 119M | -190M | -700M | -1.21B | -3.68B | -5.12B | 5.01B | 726M | -2.77B | 3.98B | 970M |
| Change in Receivables | 0 | 50M | 64M | -30M | -471M | 331M | 147M | 60M | -873M | 304M | -199M | 311M | -332M | 477M | -146M | 242M | -496M | 197M | 5M | -302M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 5M | 0 | 293M | -81M | 119M | 19M | -511M | 422M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 5.26M | -2.02B | -1.42B | -1.3B | -659M | -937M | -211M | -648M | 67M | -176M | -342M | 387M | 347M | -666M | -2.03B | -2.72B | -848M | -1.55B | -1.98B | -720M |
| Capital Expenditures | 0 | -46M | -44M | -57M | -46M | -41M | -50M | -56M | -49M | -50M | -51M | -53M | -42M | -27M | -23M | -26M | -23M | -19M | 25M | -37M |
| CapEx % of Revenue | - | 1.1% | 1.07% | 1.51% | 1.21% | 1.03% | 1.26% | 1.51% | 1.36% | 1.44% | 1.47% | 1.63% | 1.35% | 0.9% | 0.78% | 0.95% | 0.86% | 0.68% | 0.93% | 1.49% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 62.1B | 62.3B | 7.28B | 58.87B | 57.5B | 56.61B | 55.97B | 55.34B | 54.81B | 55.6B | 55.27B | 56.18B | 56.38B | 56.9B | 55.15B | 55.41B | 39.79B | 37.74B | 36.39B | 35.45B |
| Other Investing | 0 | -2.11B | -1.79B | -1.59B | -1.02B | -1.27B | -779M | -1.09B | -25M | -355M | -431M | 338M | 254M | -812M | -1.85B | -2.48B | -1.7B | -1.21B | -1.37B | -941M |
| Cash from Financing | 0 | 629M | 2.53B | 292M | -16M | -447M | 1.19B | -1.02B | -641M | 907M | 349M | -1.43B | 2.3B | 221M | 1.28B | 2.57B | 528M | 1.5B | 2.1B | 879M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | -504M | -353M | -455M | -274M | -185M | -329M | -243M | -213M | -199M | -2M | -302M | -369M | -189M | -56M | -101M | -8M | -51M | -1M | -49M |
| Dividends Paid | 0 | -112M | -102M | -103M | -106M | -105M | -95M | -95M | -96M | -97M | -89M | -92M | -93M | -81M | -77M | -69M | -71M | -60M | -55M | -54M |
| Share Repurchases | 0 | -513M | -353M | -455M | -274M | -185M | -329M | -243M | -213M | -199M | -2M | -302M | -369M | -189M | -56M | -101M | -8M | -51M | -1M | -49M |
| Other Financing | 0 | -10M | 3.88B | 4M | 564M | 3M | 9M | -434M | -532M | 1.2B | 440M | -489M | 2.26B | 632M | 1.48B | 2.62B | 608M | 1.61B | 2.16B | 1.09B |
| Net Change in Cash | 5.26M | -1.18B | 1.82B | -122M | -493M | -768M | 1.61B | -970M | -231M | 1.39B | 334M | -1.15B | 2.07B | -3.37B | -5.55B | 5.36B | 745M | -2.34B | 4.58B | 1.59B |
| Free Cash Flow | 0 | 97M | 752M | 634M | 71M | 789M | 460M | 655M | 342M | 493M | 383M | -241M | -666M | -3.16B | -4.52B | 5.71B | 1.09B | -2.31B | 4.53B | 1.37B |
| FCF Margin % | - | 2.32% | 18.21% | 16.75% | 1.87% | 19.81% | 11.64% | 17.64% | 9.52% | 14.17% | 11.02% | -7.41% | -21.34% | -105.68% | -152.48% | 208.54% | 40.96% | -82.95% | 168.07% | 55.39% |
| FCF Growth % | -100% | -87.71% | 63.48% | -3.21% | -79.24% | 60.04% | 20.1% | 371.78% | 151.35% | 115.59% | 108.47% | -104.22% | -160.88% | -37.16% | -199.89% | 316.47% | 189.53% | -221.62% | 229.88% | 536.94% |
| FCF per Share | - | 0.48 | 3.64 | 3.09 | 0.34 | 3.77 | 2.17 | 3.09 | 1.60 | 2.31 | 1.79 | -1.12 | -3.04 | -14.35 | -20.49 | 26.49 | 5.14 | -10.86 | 21.38 | 6.48 |
| FCF Conversion (FCF/Net Income) | - | 0.25x | 1.32x | 1.58x | 0.24x | 1.38x | 0.85x | 1.45x | 0.82x | 1.09x | 1.00x | -0.51x | -1.46x | -6.16x | -10.25x | 19.07x | 3.46x | -5.13x | 10.49x | 4.59x |
| Interest Paid | 0 | 0 | -1.39B | 446M | 449M | 499M | 544M | 526M | 550M | 499M | 452M | 375M | 267M | 216M | 186M | 61M | 35M | 41M | 32M | 37M |
| Taxes Paid | 0 | 0 | -510M | 137M | 364M | 9M | 116M | 175M | 349M | 24M | 29M | 147M | 376M | 13M | 138M | 93M | 281M | 12M | 102M | 87M |