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bank holding company whose largest business is wealth management (the Private Client Group) alongside capital markets, asset management and banking. The record therefore follows the company's own income statement - revenues by source, interest expense, net revenues, compensation and non-compensation expenses, pre-tax income and net income - rather than a revenue / cost of goods / gross profit frame. Net revenues (total revenues less interest expense) is the company's top-line measure.", "Sources: fiscal years 2025, 2024 and 2023 come from the FY2025 10-K (accession 0000720005-25-000093). The third quarter of fiscal 2026 (April 1 - June 30, 2026), the year-ago quarter, and both nine-month periods come from the Q3 FY2026 10-Q (accession 0000720005-26-000070). The fiscal year ends September 30.", "The September 30, 2025 balance sheet printed in the 10-Q as its comparative column matches the FY2025 10-K balance sheet line for line.", "Sign conventions: interest_expense is negative because the income statement deducts it from total revenues to reach net revenues. bank_loan_provision_for_credit_losses is an expense when positive and a benefit when negative - the company recorded a benefit of $26 million in Q3 FY2026 and $24 million in the nine months ended June 30, 2026. Cash flow outflows are negative.", "Balance sheets are given where the filings print them: September 30, 2025 and 2024 (10-K) and June 30, 2026 (10-Q). FY2023 and the June 30, 2025 quarter carry no balance sheet because neither filing presents one for those dates.", "The 10-Q presents the cash flow statement for the nine months only, so the quarters carry no cash flow block; nine-month cash flows are in year_to_date. Free cash flow is not presented: the company does not report it, and for a business whose cash flows are dominated by client balances, bank loans and deposits, operating cash flow less capital expenditure is not a meaningful measure. Additions to property and equipment is shown for readers who want it.", "Preferred stock: the company redeemed its Series B preferred stock during the nine months ended June 30, 2026 (the $79 million balance went to zero; $81 million cash was paid for the redemption). No preferred dividends were paid in Q3 FY2026, so net income and net income available to common shareholders are both $595 million that quarter.", "Acquisitions during fiscal 2026: a majority stake in GreensLedge Holdings LLC (results included from March 1, 2026; it added $40 million of noncontrolling interests) and all of Clark Capital Management Group, Inc. (results included from May 1, 2026). Cash paid for acquisitions, net of cash acquired, was $484 million in the nine months ended June 30, 2026, and goodwill and identifiable intangible assets rose from $1,847 million at September 30, 2025 to $2,608 million at June 30, 2026. The 10-Q describes the Clark Capital purchase accounting as provisional.", "Share counts: weighted-average basic and diluted shares are taken from the income statement, which prints them in millions to one decimal place. common_shares_outstanding is the exact count from the balance-sheet common stock caption.", "Segments: net revenues and pre-tax income by segment come from the segment information notes. 'Other and intersegment eliminations' combines the Other segment with eliminations, as the filings print it, so the five segment figures sum to the consolidated total. The company changed how it allocates interest income on certain cash balances effective October 1, 2024, moving interest income from the Other segment to the Private Client Group; FY2024 and FY2023 segment results were not restated for this, so segment comparisons between FY2025 and earlier years are not like-for-like.", "Key metrics: Private Client Group assets under administration and assets in fee-based accounts come from the MD&A 'Selected key metrics' tables (printed in billions). Tier 1 leverage, CET1 and total capital ratios are for Raymond James Financial, Inc. on a consolidated basis, from the regulatory capital notes.", "Dividends per common share are amounts declared, from the common stock dividends tables in the equity notes.", "The trailing twelve months ended June 30, 2026 are derived, not reported: FY2025 plus the nine months ended June 30, 2026, less the nine months ended June 30, 2025. Per-share amounts are not derived for this period because they cannot be added across periods with different share counts." ], "uncertainties": [ "Cash flows for the third quarter of fiscal 2026 alone are not available from these filings: the 10-Q prints only nine-month cash flows, and the six-month figures needed to isolate the quarter are in the prior quarter's 10-Q, which this record does not draw on.", "The trailing-twelve-month figures are derived by arithmetic from reported periods and have not been published by the company in that form.", "Segment results for FY2024 and FY2023 are on the company's earlier interest-income allocation method and are not directly comparable with FY2025 and fiscal 2026 segment results." ], "headline": { "period": "Q3 FY2026", "period_end_words": "June 30, 2026", "metrics": [ { "label": "Net revenues", "format": "usd", "value": 3928000000, "text": "$3.93 billion", "exact": "$3,928,000,000", "compact": "$3.93B", "abs": "$3.93 billion", "prior_value": 3398000000, "prior": "$3.40 billion", "priorabs": "$3.40 billion", "yoy": "up 15.6%", "source": { "array": "quarterly", "field": "income_statement.net_revenues", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0000720005-26-000070", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0000720005-26-000070", "gap_days": 365 } }, { "label": "Net income available to common shareholders", "format": "usd", "value": 595000000, "text": "$595 million", "exact": "$595,000,000", "compact": "$595.00M", "abs": "$595 million", "prior_value": 435000000, "prior": "$435 million", "priorabs": "$435 million", "yoy": "up 36.8%", "source": { "array": "quarterly", "field": "income_statement.net_income_available_to_common_shareholders", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0000720005-26-000070", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0000720005-26-000070", "gap_days": 365 } }, { "label": "Diluted EPS", "format": "eps", "value": 3.01, "text": "$3.01", "exact": "$3.01", "compact": "$3.01", "abs": "$3.01", "prior_value": 2.12, "prior": "$2.12", "priorabs": "$2.12", "yoy": "up 42.0%", "source": { "array": "quarterly", "field": "income_statement.diluted_eps", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0000720005-26-000070", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0000720005-26-000070", "gap_days": 365 } }, { "label": "Private Client Group client assets under administration", "format": "usd", "value": 1856500000000, "text": "$1.86 trillion", "exact": "$1,856,500,000,000", "compact": "$1.86T", "abs": "$1.86 trillion", "prior_value": 1574200000000, "prior": "$1.57 trillion", "priorabs": "$1.57 trillion", "yoy": "up 17.9%", "source": { "array": "quarterly", "field": "key_metrics.pcg_client_assets_under_administration", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0000720005-26-000070", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0000720005-26-000070", "gap_days": 365 } }, { "label": "Bank provision (benefit) for credit losses", "format": "usd", "value": -26000000, "text": "-$26 million", "exact": "-$26,000,000", "compact": "-$26.00M", "abs": "$26 million", "prior_value": 15000000, "prior": "$15 million", "priorabs": "$15 million", "yoy": "swung from $15 million", "source": { "array": "quarterly", "field": "income_statement.bank_loan_provision_for_credit_losses", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0000720005-26-000070", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0000720005-26-000070", "gap_days": 365 } } ], "summary": "Raymond James Financial reported net revenues of $3.93 billion for Q3 FY2026, the quarter ended June 30, 2026, up 15.6% from a year earlier, and net income available to common shareholders of $595 million, up 36.8%, or $3.01 per diluted share. Revenue growth came mainly from higher asset management fees on larger fee-based client assets and from stronger investment banking. Net income rose faster than net revenues because non-compensation expenses fell: a legal settlement charge in the Capital Markets segment in the year-earlier quarter did not recur, and the Bank segment recorded a $26 million benefit for credit losses against a $15 million provision a year earlier. Client assets under administration in the Private Client Group, the firm's wealth management business, reached $1.86 trillion, up 17.9% from a year earlier.", "qa": [ { "q": "How much revenue did Raymond James make in Q3 FY2026?", "a": "Raymond James Financial reported net revenues of $3.93 billion for Q3 FY2026, the quarter ended June 30, 2026. That is up 15.6% from $3.40 billion in the same quarter a year earlier." }, { "q": "What was Raymond James earnings per share in Q3 FY2026?", "a": "Raymond James Financial earned $3.01 per diluted share in Q3 FY2026, the quarter ended June 30, 2026, up 42.0% from $2.12 a year earlier. Net income available to common shareholders was $595 million, compared with $435 million in the same quarter a year earlier." }, { "q": "Why did Raymond James profit rise in Q3 FY2026?", "a": "Raymond James Financial's net income available to common shareholders rose to $595 million in Q3 FY2026 from $435 million a year earlier. Net revenues were up 15.6%, driven by higher asset management fees and stronger investment banking. Profit grew faster than revenue because non-compensation expenses fell: the year-earlier quarter had included a legal settlement charge in the Capital Markets segment that did not recur, and the Bank segment recorded a $26 million benefit for credit losses against a $15 million provision a year earlier. A lower effective tax rate also helped." }, { "q": "How much in client assets does Raymond James's Private Client Group administer?", "a": "Raymond James Financial's Private Client Group held $1.86 trillion of client assets under administration at June 30, 2026, up 17.9% from a year earlier." } ] }, "company_details": { "Name": "Raymond James Financial Inc", "Ticker": "RJF", "CIK": "0000720005", "Exchange": "NYSE", "State": "Florida", "Incorporation": "Florida", "SIC": "6211", "Office": "Finance", "Industry": "Security Brokers, Dealers & Flotation Companies" }, "next_filing": { "predicted_date": "2026-11-24", "predicted_type": "10-K" }, "fiscal_period": { "fiscal_year": 2026, "fiscal_period": "Q3", "tag": "FY26Q3", "period_end": "2026-06-30", "form": "10-Q", "accession": "0000720005-26-000070", "fiscal_year_end": "0930", "source": "facts" }, "source_filings": [ { "role": "annual", "current": false, "form": "10-K", "fiscal_year": 2025, "fiscal_period": "FY", "tag": "FY25", "period_end": "2025-09-30", "filed": "2025-11-25", "accession": "0000720005-25-000093", "url": "https://www.sec.gov/Archives/edgar/data/720005/000072000525000093/rjf-20250930.htm", "source": "reported" }, { "role": "quarterly", "current": true, "form": "10-Q", "fiscal_year": 2026, "fiscal_period": "Q3", "tag": "FY26Q3", "period_end": "2026-06-30", "filed": "2026-08-05", "accession": "0000720005-26-000070", "url": "https://www.sec.gov/Archives/edgar/data/720005/000072000526000070/rjf-20260630.htm", "source": "facts" } ], "figure_sources": { "about": "Where each figure in this file is printed in its SEC filing. 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