Source: Raymond James Financial's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 02, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
$5.52B
$6.53B
$7.48B
$8.02B
$8.17B
$9.91B
$11.31B
$12.99B
$14.92B
$15.91B
Interest expense
$116.06M
$154.00M
$202.00M
$283.00M
$178.00M
$150.00M
$305.00M
$1.37B
—
—
Pre-tax income
$800.64M
$925.35M
$1.31B
$1.38B
$1.05B
$1.79B
$2.02B
$2.28B
—
—
Income tax
$271.29M
$289.00M
$454.00M
$341.00M
$234.00M
$388.00M
$513.00M
$541.00M
$575.00M
$579.00M
Net income
$529.35M
$636.00M
$857.00M
$1.03B
$818.00M
$1.40B
$1.51B
$1.74B
$2.07B
$2.13B
EPS (basic)
$3.72
$4.43
$5.89
$4.88
$3.96
$6.81
$7.16
$8.16
$9.94
$10.53
EPS (diluted)
$3.65
$4.33
$5.75
$4.78
$3.88
$6.63
$6.98
$7.97
$9.70
$10.30
Diluted shares
144.51M
146.60M
148.80M
216.00M
210.30M
211.20M
215.30M
216.90M
212.30M
206.60M
Net margin
9.6%
9.7%
11.5%
12.9%
10.0%
14.2%
13.3%
13.4%
13.9%
13.4%
Balance sheet
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash & equivalents
$1.65B
$3.67B
$3.50B
$3.96B
$5.39B
$7.20B
$6.18B
$9.31B
$11.00B
$11.39B
Goodwill
$408.07M
$411.00M
$478.00M
$464.00M
$466.00M
$660.00M
$1.42B
$1.44B
$1.45B
$1.45B
Total assets
$31.49B
$34.88B
$37.41B
$38.83B
$47.48B
$61.89B
$80.95B
$78.36B
$82.99B
$88.23B
Long-term debt
—
—
—
—
—
$8.00M
$1.00M
—
—
—
Total debt
—
—
—
—
—
$8.00M
$1.00M
—
—
—
Total liabilities
$26.42B
$29.19B
$30.96B
$32.19B
$40.31B
$53.59B
$71.52B
$68.17B
$71.33B
$75.73B
Shareholders' equity
$4.92B
$5.58B
$6.37B
$6.58B
$7.11B
$8.24B
$9.46B
$10.21B
$11.67B
$12.50B
Cash flow
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Operating cash flow
-$573.32M
-$125.00M
$884.00M
$577.00M
$4.07B
$6.65B
$72.00M
-$3.51B
$2.15B
$2.43B
Capital expenditures
$121.73M
$190.00M
$134.00M
$138.00M
$124.00M
$74.00M
$91.00M
$173.00M
$205.00M
$188.00M
Free cash flow
-$695.05M
-$315.00M
$750.00M
$439.00M
$3.95B
$6.57B
-$19.00M
-$3.69B
$1.95B
$2.25B
Investing cash flow
-$2.92B
-$3.38B
-$3.48B
-$1.90B
-$4.99B
-$5.14B
-$7.15B
-$274.00M
-$968.00M
-$4.32B
Financing cash flow
$2.54B
$4.07B
$1.42B
$1.37B
$4.57B
$5.23B
$5.88B
$1.44B
$438.00M
$2.36B
Dividends paid
$113.44M
$127.00M
$151.00M
$191.00M
$205.00M
$218.00M
—
—
—
—
Share buybacks
$162.50M
$34.00M
$62.00M
$778.00M
$272.00M
$128.00M
—
—
—
—
Stock-based compensation
$78.53M
$109.00M
$99.00M
$112.00M
$120.00M
$132.00M
$192.00M
$237.00M
$254.00M
$254.00M
Depreciation & amortization
$63.00M
$71.00M
$85.00M
$97.00M
$119.00M
$134.00M
$145.00M
$165.00M
$179.00M
$195.00M
Income statement
quarters · USD
Quarter ended
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue
$3.52B
$3.52B
$3.64B
$3.76B
$4.00B
$4.04B
$3.85B
$3.84B
$4.19B
$4.18B
$4.26B
$4.36B
Interest expense
$462.00M
$507.00M
$520.00M
—
—
—
—
—
—
—
—
—
Pre-tax income
$585.00M
$630.00M
$609.00M
$644.00M
—
$749.00M
$671.00M
$563.00M
—
—
—
—
Income tax
$151.00M
$132.00M
$133.00M
$152.00M
$158.00M
$149.00M
$176.00M
$127.00M
$127.00M
$165.00M
$191.00M
$155.00M
Net income
$434.00M
$498.00M
$476.00M
$492.00M
$602.00M
$600.00M
$495.00M
$436.00M
$604.00M
$563.00M
$544.00M
$595.00M
EPS (basic)
$2.07
$2.38
$2.27
$2.37
$2.92
$2.94
$2.41
$2.16
$3.02
$2.85
$2.76
$3.06
EPS (diluted)
$2.02
$2.32
$2.22
$2.31
$2.85
$2.86
$2.36
$2.12
$2.95
$2.79
$2.72
$3.01
Diluted shares
-1.10M
213.80M
213.40M
212.30M
-800.00K
209.20M
208.70M
205.50M
-1.00M
201.40M
199.20M
197.20M
Net margin
12.3%
14.1%
13.1%
13.1%
15.0%
14.9%
12.9%
11.3%
14.4%
13.5%
12.8%
13.6%
Balance sheet
quarters · USD
Quarter ended
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Cash & equivalents
$9.31B
$10.21B
$10.00B
$9.10B
$11.00B
$10.05B
$9.66B
$9.20B
$11.39B
$9.89B
$11.22B
$9.98B
Goodwill
$1.44B
$1.44B
$1.44B
$1.44B
$1.45B
$1.44B
$1.44B
$1.46B
$1.45B
—
—
—
Total assets
$78.36B
$80.13B
$81.23B
$80.63B
$82.99B
$82.28B
$83.13B
$84.81B
$88.23B
$88.76B
$91.94B
$94.24B
Total liabilities
$68.17B
$69.35B
$70.25B
$69.44B
$71.33B
$70.35B
$70.91B
$72.55B
$75.73B
$76.19B
$79.33B
$81.45B
Shareholders' equity
$10.21B
$10.79B
$10.98B
$11.20B
$11.67B
$11.92B
$12.21B
$12.26B
$12.50B
$12.57B
$12.57B
$12.70B
Cash flow
quarters · USD
Quarter ended
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Operating cash flow
$434.00M
$543.00M
$391.00M
$711.00M
$510.00M
$830.00M
$117.00M
$691.00M
$796.00M
-$10.00M
$1.10B
-$246.00M
Capital expenditures
$51.00M
$50.00M
$49.00M
$56.00M
$50.00M
$41.00M
$46.00M
$57.00M
$44.00M
$46.00M
$45.00M
$62.00M
Free cash flow
$383.00M
$493.00M
$342.00M
$655.00M
$460.00M
$789.00M
$71.00M
$634.00M
$752.00M
-$56.00M
$1.05B
-$308.00M
Investing cash flow
-$342.00M
-$176.00M
$67.00M
-$648.00M
-$211.00M
-$937.00M
-$659.00M
-$1.30B
-$1.42B
-$1.86B
-$1.34B
-$2.09B
Financing cash flow
$349.00M
$907.00M
-$641.00M
-$1.02B
$1.19B
-$447.00M
-$16.00M
$292.00M
$2.53B
$629.00M
$1.69B
$649.00M
Stock-based compensation
$45.00M
$90.00M
$57.00M
$54.00M
$53.00M
$93.00M
$54.00M
$52.00M
$55.00M
$79.00M
$54.00M
$50.00M
Depreciation & amortization
$42.00M
$42.00M
$45.00M
$45.00M
$47.00M
$47.00M
$47.00M
$49.00M
$52.00M
$49.00M
$50.00M
$55.00M
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.