Raymond James Financial

Financials Investment Banking & Brokerage St. Petersburg, Florida Last filing Nov 25, 2025 · FY2025

                    Revenue
                    FY2025
                
$4.0B
                    3y CAGR +38.4%
                    
                    P88
                    
                    -5.6%
                    
                    Net income
                    FY2025
                
$2.1B
                    Net margin +53.5%
                    
                    P95
                    
                    +3.2%
                    
                    Total assets
                    FY2025
                
$88.2B
                    ROA +2.4%
                    
                    P48
                    
                    +6.3%
                    
                    Operating cash flow
                    FY2025
                
$2.4B
                    FCF margin +56.2%
                    
                    P88
                    
                    +12.9%

18 yrs · FY2008–FY2025 8 filed · 0 derived · 1 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

18 accounts · 3 years

Total assets $88.2B

Total liabilities $75.7B

Shareholders equity $12.5B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	285.2%	259.9%	248.5%
Investment Securities	172.5%	195.2%	245.0%
Other Assets	419.6%	387.9%	399.0%
Total Assets	2209.1%	1961.1%	2090.7%
Liabilities
Deposits	1474.6%	1323.5%	1446.1%
Short Term Borrowings	17.5%	24.8%	29.3%
Long Term Debt	88.1%	48.2%	54.4%
Other Liabilities	315.7%	288.9%	289.1%
Total Liabilities	1896.0%	1685.4%	1818.9%
Equity
Total Stockholders Equity	313.0%	275.8%	272.5%
Common Stock	0.1%	0.0%	0.1%
Retained Earnings	340.6%	281.0%	272.5%
Accumulated Other Comprehensive Income	-9.9%	-11.9%	-25.9%
Preferred Stock	2.0%	1.9%	2.1%
Additional Paid In Capital	81.0%	76.8%	83.9%
Treasury Stock	100.7%	72.1%	60.1%
Noncontrolling Interest	0.0%	-0.1%	-0.7%
Total Liabilitiesand Equity	2209.1%	1961.1%	2090.7%

Income Statement

Revenue, expense, and profitability

9 accounts · 3 years

Revenue $4.0B

Operating income Not reported

Net income $2.1B

Account	2025	2024	2023
IncomeStatement
Interest Income Total Interest Income	100.0%	100.0%	100.0%
Interest Expense Interest Expense	46.2%	49.7%	36.6%
Expenses Noninterest Expense	284.2%	240.5%	249.2%
Income Tax Income Tax Expense	14.5%	13.6%	14.4%
net Income Other Items Below Tax	13.2%	11.6%	12.3%
net Income net Income	53.5%	48.9%	46.4%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	5.2%	5.0%	5.8%

Cash Flow Statement

Operating, investing, and financing flows

14 accounts · 3 years

Operating cash flow $2.4B

Investing cash flow $-4.3B

Financing cash flow $2.4B

Account	2025	2024	2023
CashFlow
Operating Activities net Cash From Operating Activities	60.9%	50.9%	-93.8%
Operating Activities net Income	53.5%	48.9%	46.4%
Operating Activities Depreciation and Amortization	4.9%	4.2%	4.4%
Operating Activities Stock Based Compensation	6.4%	6.0%	6.3%
Operating Activities Other Non Cash Items	-3.8%	-8.2%	-150.9%
Investing Activities net Cash From Investing Activities	-108.2%	-22.9%	-7.3%
Investing Activities Capital Expenditures	-4.7%	-4.8%	-4.6%
Investing Activities Other Investing Activities	-103.5%	-18.0%	-2.7%
Financing Activities net Cash From Financing Activities	59.1%	10.3%	38.4%
Financing Activities Dividends Paid	-10.4%	-9.1%	-9.5%
Financing Activities Repurchase of Common Stock	-31.7%	-23.3%	-23.0%
Financing Activities Other Financing Activities	101.3%	42.7%	70.8%
Cash Reconciliation Effect of Exchange Rate On Cash	-0.9%	4.1%	6.4%
Cash Reconciliation net Change In Cash	11.0%	42.5%	-56.3%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	—	—	—
Operating margin	—	—	—
Net margin	+53.5%	+48.9%	+46.4%
FCF margin	+56.2%	+46.1%	-98.4%
Growth
Revenue CAGR (3y)	+38.4%	+72.6%	+55.3%
Returns
ROE	+17.1%	+17.7%	+17.0%
ROA	+2.4%	+2.5%	+2.2%
ROIC	—	—	—
Liquidity
Current ratio	—	—	—
Quick ratio	—	—	—
Leverage
D/E	6.06x	6.11x	6.67x
Interest coverage	—	—	—
Efficiency
Asset turnover	0.05x	0.05x	0.05x
Cash conversion cycle	—	—	—

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Raymond James Financial

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