Raymond James Financial, Inc.

RJF Financial Asset Management

Raymond James Financial, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $15.9 billion, up 6.63% from fiscal 2024. In the quarter to June 2026, revenue grew 13.5%, EPS grew 41.7%, free cash flow fell 148.6% and total debt rose 38.5%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for three.

156.78 0.59 −0.37%
Market cap
$30.3B
P/E
13.4×
Fwd P/E
13.4×
Dividend yield
1.38%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Raymond James Financial, Inc. (RJF) Operating margin

Alert me on Operating margin

Raymond James Financial, Inc.'s operating margin over the twelve months to 30 June 2026 was 27.5%, down 1.4 percentage points from fiscal 2025 (28.9%). Over the past ten years it has ranged from 16.7% (fiscal 2017) to 32.1% (fiscal 2024); the current reading is higher than 82% of that period. That is below the Asset Management industry median of 33.4% and above the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 28.9% (3.20)
FY2024 32.1% 2.97
FY2023 29.1% 7.67
FY2022 21.5% 2.20
FY2021 19.3% 0.79
FY2020 18.5% (2.66)
FY2019 21.1% 0.57
FY2018 20.6% 3.82
FY2017 16.7% (1.32)
FY2016 18.1% 0.28

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 26.6% (0.27)
Mar 2026 26.8% (1.10)
Dec 2025 27.9% (0.72)
Sep 2025 28.6% 2.04
42 more quarters

Against its own ten years

Low 16.7% High 32.1%
Ten-year median 20.6%
Current reading's percentile 71

Operating margin against peers

Company Operating margin
AMP Ameriprise Financial, Inc. compare 34.0%
TROW T. Rowe Price Group, Inc. compare 30.8%
RJF Raymond James Financial, Inc. 27.5%
ARES Ares Management Corporation compare 18.1%
TPG TPG Inc. compare 15.5%
PFG Principal Financial Group, Inc. compare 11.9%
BEN Franklin Resources Inc compare 9.71%
NTRS Northern Trust Corporation compare 0.00%
STT State Street Corporation compare 0.00%
Asset Management industry median 33.4%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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