Raymond James Q3 net revenues up 5%; net income falls 11% on $58 million legal reserve
Raymond James reported fiscal third-quarter 2025 net revenues of $3.40 billion, up 5% from a year earlier, while net income available to common shareholders fell 11% to $435 million, or $2.12 per diluted share. The decline reflected a $58 million reserve tied to settling a legal matter over bond underwritings for a specific issuer, which the firm said it resolved without admitting wrongdoing. For shareholders, revenue growth was offset by lower profit and earnings per share.
Key points
- Quarterly net revenues of $3.40 billion, up 5% year over year and flat compared with the prior quarter
- Net income available to common shareholders of $435 million, down 11% year over year; diluted EPS of $2.12 versus $2.31 a year earlier
- $58 million reserve increase tied to settling a legal matter over bonds sold to institutional investors between 2013 and 2015; the firm denied liability
- Repurchased $451 million of common stock in the quarter; $749 million remained under the buyback authorization as of June 30, 2025
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.