Raymond James Financial, Inc. (RJF) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 3.86B | 3.73B | 3.66B | 3.33B | 3.33B | 3.48B | 3.39B | 3.19B | 3.05B | 2.96B | 2.98B | 2.81B | 2.81B | 2.74B | 2.76B | 2.62B | 2.61B | 2.75B | 2.65B | 2.46B |
| Gross Margin % | 90.54% | 89.44% | 88.64% | 87.88% | 87.92% | 87.49% | 85.76% | 85.89% | 84.95% | 85.09% | 85.66% | 86.47% | 90% | 91.48% | 93.12% | 95.77% | 97.79% | 99.06% | 98.51% | 99.15% |
| Gross Profit Growth % | 15.78% | 7.2% | 7.99% | 4.29% | 9.17% | 17.66% | 13.91% | 13.4% | 8.69% | 8.14% | 7.79% | 7.2% | 7.54% | -0.58% | 4.07% | 6.84% | 10.07% | 26.33% | 32.12% | 41.97% |
| Operating Expenses | 3.12B | 3.01B | 2.93B | 2.76B | 2.66B | 2.73B | 2.63B | 2.55B | 2.44B | 2.33B | 2.39B | 2.33B | 2.25B | 2.09B | 2.15B | 2.21B | 2.18B | 2.2B | 2.09B | 2.07B |
| OpEx % of Revenue | 73.3% | 72.01% | 70.94% | 73.01% | 70.22% | 68.68% | 66.53% | 68.55% | 68% | 66.98% | 68.83% | 71.53% | 72.16% | 69.7% | 72.34% | 80.62% | 81.58% | 78.99% | 77.72% | 83.61% |
| Selling, General & Admin | 3.12B | 3.01B | 2.39B | 2.2B | 2.2B | 2.27B | 2.16B | 2.09B | 2.04B | 1.92B | 1.89B | 1.85B | 1.82B | 1.74B | 1.96B | 1.83B | 2.01B | 1.88B | 1.92B | 1.8B |
| SG&A % of Revenue | 73.3% | 72.01% | 57.97% | 58.16% | 58.14% | 57.06% | 54.62% | 56.27% | 56.84% | 55.2% | 54.46% | 56.9% | 58.31% | 58% | 65.97% | 66.93% | 75.37% | 67.77% | 71.44% | 72.71% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 735M | 728M | 731M | 563M | 671M | 749M | 760M | 644M | 609M | 630M | 585M | 486M | 557M | 652M | 616M | 415M | 433M | 558M | 560M | 385M |
| Operating Margin % | 17.25% | 17.43% | 17.7% | 14.87% | 17.7% | 18.81% | 19.23% | 17.34% | 16.94% | 18.1% | 16.84% | 14.94% | 17.85% | 21.78% | 20.78% | 15.15% | 16.21% | 20.07% | 20.79% | 15.54% |
| Operating Income Growth % | 9.54% | -2.8% | -3.82% | -12.58% | 10.18% | 18.89% | 29.91% | 32.51% | 9.34% | -3.37% | -5.03% | 17.11% | 28.64% | 16.85% | 10% | 7.79% | -3.13% | 39.85% | 118.75% | 94.44% |
| EBITDA | 735M | 728M | 783M | 612M | 718M | 796M | 807M | 689M | 654M | 672M | 627M | 528M | 598M | 692M | 656M | 451M | 467M | 593M | 597M | 418M |
| EBITDA Margin % | 17.25% | 17.43% | 18.96% | 16.16% | 18.94% | 19.99% | 20.41% | 18.55% | 18.2% | 19.31% | 18.05% | 16.23% | 19.16% | 23.12% | 22.12% | 16.46% | 17.48% | 21.33% | 22.17% | 16.88% |
| EBITDA Growth % | 2.37% | -8.54% | -2.97% | -11.18% | 9.79% | 18.45% | 28.71% | 30.49% | 9.36% | -2.89% | -4.42% | 17.07% | 28.05% | 16.69% | 9.88% | 7.89% | -2.51% | 37.59% | 108.01% | 83.33% |
| D&A (Non-Cash Add-back) | 0 | 0 | 52M | 49M | 47M | 47M | 47M | 45M | 45M | 42M | 42M | 42M | 41M | 40M | 40M | 36M | 34M | 35M | 37M | 33M |
| EBIT | 735M | 728M | 731M | 563M | 671M | 749M | 760M | 644M | 609M | 630M | 585M | 486M | 557M | 652M | 616M | 415M | 433M | 558M | 560M | 385M |
| Net Interest Income | 557M | 566M | 551M | 546M | 521M | 529M | 532M | 523M | 529M | 546M | 557M | 601M | 631M | 586M | 497M | 314M | 204M | 188M | 180M | 165M |
| Interest Income | 960M | 1.01B | 1.01B | 990M | 963M | 1.03B | 1.07B | 1.06B | 1.05B | 1.05B | 1.02B | 987M | 915M | 827M | 667M | 374M | 242M | 225M | 215M | 205M |
| Interest Expense | 403M | 441M | 463M | 444M | 442M | 498M | 541M | 534M | 520M | 507M | 462M | 386M | 284M | 241M | 170M | 60M | 38M | 37M | 35M | 40M |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 735M | 728M | 731M | 563M | 671M | 749M | 760M | 644M | 609M | 630M | 585M | 486M | 557M | 652M | 616M | 415M | 433M | 558M | 560M | 385M |
| Pretax Margin % | 17.25% | 17.43% | 17.7% | 14.87% | 17.7% | 18.81% | 19.23% | 17.34% | 16.94% | 18.1% | 16.84% | 14.94% | 17.85% | 21.78% | 20.78% | 15.15% | 16.21% | 20.07% | 20.79% | 15.54% |
| Income Tax | 191M | 165M | 127M | 127M | 176M | 149M | 158M | 152M | 133M | 132M | 151M | 117M | 130M | 143M | 177M | 114M | 110M | 112M | 131M | 78M |
| Effective Tax Rate % | 25.99% | 22.66% | 17.37% | 22.56% | 26.23% | 19.89% | 20.79% | 23.6% | 21.84% | 20.95% | 25.81% | 24.07% | 23.34% | 21.93% | 28.73% | 27.47% | 25.4% | 20.07% | 23.39% | 20.26% |
| Net Income | 544M | 563M | 604M | 436M | 495M | 600M | 602M | 492M | 476M | 498M | 434M | 369M | 427M | 509M | 439M | 301M | 323M | 446M | 429M | 307M |
| Net Margin % | 12.76% | 13.48% | 14.62% | 11.52% | 13.06% | 15.07% | 15.23% | 13.25% | 13.24% | 14.31% | 12.49% | 11.34% | 13.68% | 17.01% | 14.81% | 10.99% | 12.09% | 16.04% | 15.93% | 12.39% |
| Net Income Growth % | 9.9% | -6.17% | 0.33% | -11.38% | 3.99% | 20.48% | 38.71% | 33.33% | 11.48% | -2.16% | -1.14% | 22.59% | 32.2% | 14.13% | 2.33% | -1.95% | -9.01% | 42.95% | 105.26% | 78.49% |
| Net Income (Continuing) | 544M | 563M | 604M | 436M | 495M | 600M | 602M | 492M | 476M | 498M | 434M | 369M | 427M | 509M | 439M | 301M | 323M | 446M | 429M | 307M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 15.15B | 4M | 1M | 2M | 15M | 6M | -6M | -7M | -5M | -9M | -27M | -27M | -26M | -26M | -26M | -23M | 7M | 52M | 58M | 55M |
| EPS (Diluted) | 2.72 | 2.79 | 2.96 | 2.12 | 2.36 | 2.86 | 2.86 | 2.31 | 2.22 | 2.32 | 2.02 | 1.71 | 1.93 | 2.30 | 1.98 | 1.38 | 1.52 | 2.10 | 2.02 | 1.45 |
| EPS Growth % | 15.25% | -2.45% | 3.5% | -8.23% | 6.31% | 23.28% | 41.58% | 35.09% | 15.03% | 0.87% | 2.02% | 23.91% | 26.97% | 9.52% | -1.98% | -4.83% | -9.52% | 40.94% | 102% | 76.83% |
| EPS (Basic) | 2.76 | 2.85 | 3.02 | 2.16 | 2.41 | 2.94 | 2.93 | 2.37 | 2.27 | 2.38 | 2.07 | 1.75 | 1.97 | 2.36 | 2.03 | 1.41 | 1.56 | 2.16 | 2.08 | 1.49 |
| Diluted Shares Outstanding | 199.2M | 201.4M | 206.6M | 205.5M | 208.7M | 209.2M | 212.3M | 212.3M | 213.4M | 213.8M | 213.8M | 214.8M | 219.2M | 220.4M | 220.6M | 215.7M | 213M | 212.4M | 211.7M | 211.7M |
| Basic Shares Outstanding | 196.1M | 197.1M | 202M | 201.2M | 204.3M | 203.7M | 204.7M | 206.8M | 208.3M | 208.6M | 208.3M | 210.1M | 214.3M | 214.7M | 215M | 210.7M | 207.7M | 206.3M | 205.5M | 205.8M |
| Dividend Payout Ratio | - | 19.89% | 16.89% | 23.62% | 21.41% | 17.5% | 15.78% | 19.31% | 20.17% | 19.48% | 20.51% | 24.93% | 21.78% | 15.91% | 17.54% | 22.92% | 21.98% | 13.45% | 12.82% | 17.59% |