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Updated: Mar 23, 2026

Stock Analysis

RJF Logo
$146.37
$2.56 |1.78%
Day Range:
$145.03 - $147.54
Market Cap:
28.34B
P/E Ratio:
14.0577
Avg Value:
$147.61
Year Range:
$117.57 - $177.66
1
General Information
Raymond James Financial is a diversified financial services firm that provides wealth management, investment banking, asset management, and capital markets services to individuals, corporations, and municipalities.

The firm maintains an extensive catalogue of products and services across its business lines. However, the wealth management franchise generates the bulk of its revenues and earnings through a vast network of more than 8,900 independent and employee-affiliated advisors, who collectively managed over $1.7 trillion in client assets as of fiscal year-end 2025. While Raymond James maintains a global footprint, the company derives over 90% of its revenue, and an even larger percentage of its operating income, from the United States.

2
Raymond James Finl (RJF) Stock Graph
3
How We Grade Raymond James Finl (RJF)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade Raymond James Finl (RJF) across the board compared to its closest peers.

4
Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

83.17

Growth measures a stock's combined historical expansion in earnings and revenue across multiple time periods, with emphasis on both long-term trends and recent performance.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

32.59

Quality is a composite ranking that evaluates a company's operational efficiency and financial health by analyzing historical profitability metrics and fundamental strength indicators on a percentile basis relative to peers.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Peer Ratings

See how Raymond James Finl compares to its peers in these key performance metrics from Benzinga Rankings.

Top Peers
Value
Quality
Growth
Momentum
Short
Medium
Long
LPLALPL Finl Hldgs
30.29
65.77
31.57
13.76
NMRNomura Holdings
0
0
37.02
52.09
SFStifel Financial
0
50.84
75.39
25.04
EVREvercore
0
82.79
81.21
31.58
Short: price trend over the last couple of months
Medium: price trend over the last couple of quarters
Long: price trend over the past year
Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
6
Valuation

Earnings History (3 years)

It is important to look at a companies earnings history to see not only if they are profitable, but if their earnings are growing.
As you can see from the chart above, RJF's earnings have increased for the past three years, this is a positive sign for the stock.
7
Dividend
There are few things we like to see when evaluating the quality of a company's dividend history and future

Ideally, we would like to see a company have a long history of consistently high dividend payouts that have grown at a consistent rate. From here we want to be confident that this sort of dividend growth and consistency will persist into the future.

The chart below shows the historical trend in Raymond James Finl (RJF) dividend yield on an annual basis.

39.67%
Raymond James Finl (RJF) saw a increase in it's dividend yield since 2021
8
Past Performance
How has Raymond James Finl (RJF) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

Raymond James Finl (RJF) sharpe ratio over the past 5 years is 1.0783 which is considered to be above average compared to the peer average of 0.7060

9
Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is RJF's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Revenue
10.85
11.47
12.64
13.84
14.03
Operating Revenue
10.85
11.47
12.64
13.84
14.03
Cost Of Revenue
Gross Profit
Operating Expense
Selling General And Administration
7.33
7.30
8.21
9.07
9.25
Research and Development
Operating Income
Net Non-Operating Interest Income Expense
Other Income Expense
Other Non-Operating Income Expenses
Pre-Tax Income
2.02
2.28
2.64
2.71
2.69
Tax Provision
0.51
0.54
0.58
0.58
0.59
Net Income
1.51
1.74
2.07
2.13
2.10
Net Income Common Stockholders
1.50
1.73
2.06
2.13
2.09
Total Operating Income As Reported
Total Expenses
Net Income From Continuing And Discontinued Operation
1.51
1.74
2.07
2.13
2.10
Normalized Income
1.52
1.74
2.07
2.13
2.10
Interest Income
1.51
3.75
4.23
3.99
3.97
Interest Expense
0.31
1.37
2.10
1.85
1.79
Net Interest Income
1.20
2.38
2.13
2.15
2.18
EBIT
EBITDA
Reconciled Cost Of Revenue
Reconciled Depreciation
0.15
0.17
0.18
0.20
0.20
Normalized EBITDA
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.23
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
0.00
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Assets
80.95
78.36
82.99
88.23
88.76
Current Assets
Total Non-Current Assets
Total Liabilities Net Minority Interest
71.52
68.17
71.33
75.73
76.19
Current Liabilities
Other Non-Current Liabilities
Total Equity Gross Minority Interest
9.43
10.19
11.67
12.50
12.57
Stockholders Equity
Total Capitalization
12.79
13.35
14.76
16.72
16.79
Common Stock Equity
9.34
10.13
11.59
12.42
12.49
Net Tangible Assets
7.53
8.31
9.79
10.66
10.73
Working Capital
Invested Capital
12.67
13.27
14.68
16.64
16.71
Tangible Book Value
7.41
8.23
9.71
10.58
10.65
Total Debt
3.33
3.14
3.09
4.22
4.22
Net Debt
Share Issued
0.25
0.25
0.25
0.25
0.25
Ordinary Shares Number
0.22
0.21
0.20
0.20
0.20
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
0.07
-3.51
2.16
2.43
1.59
Net Income from Continuing Operations
1.51
1.74
2.07
2.13
2.10
Depreciation and Amortization
0.15
0.17
0.18
0.20
0.20
Deferred Tax
-0.02
-0.09
-0.08
-0.05
-0.05
Deferred Income Tax
-0.02
-0.09
-0.08
-0.05
-0.05
Stock-Based Compensation
0.19
0.24
0.25
0.25
0.24
Other Non-Cash Items
0.26
-0.04
-0.25
-0.30
-0.16
Change in Working Capital
-2.15
-5.77
0.00
0.09
-0.83
Change in Receivables
-0.20
0.26
-0.36
-0.11
-0.23
Changes in Account Receivables
Change in Inventory
Change in Payables and Accrued Expense
-4.21
-6.09
0.09
0.01
-0.11
Change in Payable
-4.21
-6.09
0.09
0.01
-0.11
Change in Account Payable
Change in Other Current Assets
1.97
-0.05
0.01
0.12
0.05
Change in Other Current Liabilities
-0.08
0.12
0.40
0.28
0.15
Change in Other Working Capital
0.53
-0.16
-0.18
-0.10
-0.14
Cash Flow from Continuing Investing Activities
-7.15
-0.27
-0.97
-4.32
-5.25
Net PPE Purchase and Sale
-0.09
-0.17
-0.21
-0.19
-0.19
Net Business Purchase and Sale
1.46
Purchase of Business
Net Investment Purchase and Sale
-1.28
0.55
1.48
1.38
1.30
Purchase of Investment
-3.07
-0.71
-0.54
-0.68
-0.53
Sale of Investment
1.79
1.26
2.03
2.05
1.83
Net Other Investing Changes
-0.22
-0.07
-0.06
-0.05
-0.06
Financing Cash Flow
5.88
1.44
0.44
2.36
3.44
Cash Flow from Continuing Financing Activities
5.88
1.44
0.44
2.36
3.44
Net Issuance Payments of Debt
0.06
-0.19
-0.05
1.13
1.13
Net Long-Term Debt Issuance
0.06
-0.19
-0.05
1.13
1.13
Long-Term Debt Issuance
3.20
1.30
2.23
2.03
Long-Term Debt Payments
-0.97
-3.39
-1.35
-1.10
-0.90
Net Short-Term Debt Issuance
Net Common Stock Issuance
-0.22
-0.86
-0.98
-1.27
-1.59
Common Stock Issuance
Common Stock Payments
-0.22
-0.86
-0.98
-1.27
-1.59
Cash Dividends Paid
-0.28
-0.35
-0.38
-0.42
-0.42
Net Other Financing Charges
-0.01
0.00
0.00
-0.01
-0.01
End Cash Position
63.83
49.41
54.73
54.42
54.41
Changes in Cash
-1.20
-2.35
1.62
0.47
-0.22
Beginning Cash Position
65.62
51.53
52.93
53.98
54.42
Capital Expenditure
-0.09
-0.17
-0.21
-0.19
-0.19
Issuance of Capital Stock
Issuance of Debt
3.20
1.30
2.23
2.03
Repayment of Debt
-0.97
-3.39
-1.35
-1.10
-0.90
Repurchase of Capital Stock
-0.22
-0.90
-0.98
-1.27
-1.59
Free Cash Flow
-0.02
-3.69
1.95
2.25
1.40