financial statements

The full income statement, balance sheet, and cash-flow statement for Raymond James Financial Inc. (RJF), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofSep 30 ’22	as ofSep 30 ’21
	15.9B YoY+6.6%	14.9B YoY+14.9%	13.0B YoY+14.9%	11.3B YoY+14.1%	9.91B YoY+21.3%
Noninterest income	11.9B YoY+11.5%	10.7B YoY+15.7%	9.24B	—	—
Amortization of intangibles	41.0M YoY-6.8%	44.0M YoY-2.2%	45.0M YoY+36.4%	33.0M YoY+57.1%	21.0M YoY+61.5%
Noninterest expense	11.4B YoY+11.5%	10.2B YoY+9.0%	9.34B YoY+4.0%	8.98B YoY+12.7%	7.97B YoY+14.9%
Provision for credit losses	122M YoY+481.0%	21.0M YoY-92.8%	292M YoY+163.1%	111M YoY+655.0%	-20.0M YoY-107.8%
Interest expense	—	—	1.37B YoY+350.2%	305M YoY+103.3%	150M YoY-15.7%
Interest & investment income	3.99B YoY-5.6%	4.23B YoY+12.9%	3.75B YoY+148.5%	1.51B YoY+83.2%	823M YoY-17.7%
Net interest income	2.15B YoY+0.8%	2.13B YoY-10.3%	2.38B YoY+97.4%	1.20B YoY+78.8%	673M YoY-18.1%
Pre-tax income	—	—	2.28B YoY+12.8%	2.02B YoY+12.9%	1.79B YoY+70.2%
Income tax	579M YoY+0.7%	575M YoY+6.3%	541M YoY+5.5%	513M YoY+32.2%	388M YoY+65.8%
	2.13B YoY+3.2%	2.07B YoY+18.9%	1.74B YoY+15.2%	1.51B YoY+7.6%	1.40B YoY+71.5%
Preferred dividends	—	—	7.00M YoY+75.0%	4.00M	—
Net income to common	2.13B YoY+3.2%	2.06B YoY+19.0%	1.73B YoY+15.1%	1.50B YoY+7.3%	1.40B YoY+71.5%
	$10.30 YoY+6.2%	$9.70 YoY+21.7%	$7.97 YoY+14.2%	$6.98 YoY+5.3%	$6.63 YoY+70.9%
EPS (basic)	$10.53 YoY+5.9%	$9.94 YoY+21.8%	$8.16 YoY+14.0%	$7.16 YoY+5.1%	$6.81 YoY+72.0%
Weighted-avg shares (basic)	202M YoY-2.5%	207M YoY-2.2%	212M YoY+0.9%	210M YoY+2.0%	206M YoY-0.3%
Weighted-avg shares (diluted)	207M YoY-2.7%	212M YoY-2.1%	217M YoY+0.7%	215M YoY+1.9%	211M YoY+0.4%
Dividends per share	$2.00 YoY+11.1%	$1.80 YoY+7.1%	$1.68 YoY+23.5%	$1.36 YoY+30.8%	$1.04 YoY+5.1%
Balance Sheet	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofSep 30 ’22	as ofSep 30 ’21
Cash & equivalents	11.4B YoY+3.6%	11.0B YoY+18.1%	9.31B YoY+50.7%	6.18B YoY-14.2%	7.20B YoY+33.6%
	88.2B YoY+6.3%	83.0B YoY+5.9%	78.4B YoY-3.2%	81.0B YoY+30.8%	61.9B YoY+30.3%
Property, plant & equipment	670M YoY+5.5%	635M YoY+13.2%	561M YoY+11.5%	503M YoY+0.8%	499M YoY-6.7%
Operating lease right-of-use	583M YoY+2.6%	568M YoY+1.4%	560M YoY+16.7%	480M YoY+7.6%	446M YoY+38.9%
Goodwill	1.45B YoY+0.0%	1.45B YoY+1.0%	1.44B YoY+1.1%	1.42B YoY+115.5%	660M YoY+41.6%
Intangible assets	396M YoY-9.0%	435M YoY-7.4%	470M YoY-7.7%	509M YoY+129.3%	222M YoY+65.7%
Deferred tax assets	671M YoY+3.1%	651M YoY-8.4%	711M YoY+12.9%	630M YoY+106.6%	305M YoY+16.4%
Short-term & current debt	3.99M YoY+0.0%	3.99M YoY+0.0%	3.99M YoY+0.0%	3.99M YoY+0.0%	3.99M YoY+0.0%
	75.7B YoY+6.2%	71.3B YoY+4.6%	68.2B YoY-4.7%	71.5B YoY+33.5%	53.6B YoY+33.0%
Long-term debt	0.00	0.00	0.00 YoY-100.0%	1.00M YoY-87.5%	8.00M YoY-99.3%
	12.5B YoY+7.1%	11.7B YoY+14.3%	10.2B YoY+8.0%	9.46B YoY+14.7%	8.24B YoY+15.9%
Preferred stock	79.0M YoY+0.0%	79.0M YoY+0.0%	79.0M YoY-34.2%	120M	0.00
Common stock	3.00M YoY+50.0%	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY+0.0%
Additional paid-in capital	3.23B YoY-0.5%	3.25B YoY+3.4%	3.14B YoY+5.2%	2.99B YoY+43.1%	2.09B YoY+4.0%
Retained earnings	13.6B YoY+14.4%	11.9B YoY+16.5%	10.2B YoY+15.5%	8.84B YoY+15.9%	7.63B YoY+17.7%
Treasury stock	4.02B YoY+31.8%	3.05B YoY+35.5%	2.25B YoY+48.9%	1.51B YoY+5.2%	1.44B YoY+3.4%
Accumulated other comprehensive income	-396M YoY+21.1%	-502M YoY+48.3%	-971M YoY+1.1%	-982M YoY-2295.1%	-41.0M YoY-472.7%
Non-controlling interest	1.00M YoY+116.7%	-6.00M YoY+77.8%	-27.0M YoY-3.8%	-26.0M YoY-144.8%	58.0M YoY-6.5%
Total equity incl. non-controlling	12.5B YoY+7.2%	11.7B YoY+14.5%	10.2B YoY+8.0%	9.43B YoY+13.6%	8.30B YoY+15.7%
Total liabilities & equity	88.2B YoY+6.3%	83.0B YoY+5.9%	78.4B YoY-3.2%	81.0B YoY+30.8%	61.9B YoY+30.3%
Common shares issued	250M YoY+0.0%	250M YoY+0.5%	249M YoY+0.3%	248M YoY+3.7%	239M YoY+0.2%
Common shares outstanding	198M YoY-2.5%	203M YoY-2.6%	209M YoY-2.9%	215M YoY+4.6%	206M YoY+0.4%
Shares outstanding (cover)	199M YoY-3.2%	206M YoY-1.4%	209M YoY-3.2%	216M YoY+57.3%	137M YoY+0.0%
Cash Flow	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofSep 30 ’22	as ofSep 30 ’21
	2.43B YoY+12.9%	2.15B YoY+161.3%	-3.51B YoY-4980.6%	72.0M YoY-98.9%	6.65B YoY+63.2%
Depreciation & amortization	195M YoY+8.9%	179M YoY+8.5%	165M YoY+13.8%	145M YoY+8.2%	134M YoY+12.6%
Share-based compensation	254M YoY+0.0%	254M YoY+7.2%	237M YoY+23.4%	192M YoY+45.5%	132M YoY+10.0%
Deferred income taxes	-52.0M YoY+37.3%	-83.0M YoY+5.7%	-88.0M YoY-450.0%	-16.0M YoY+56.8%	-37.0M YoY+5.1%
Change in payables	7.00M YoY-92.3%	91.0M YoY+101.5%	-6.09B YoY-44.5%	-4.21B YoY-157.7%	7.31B YoY+191.7%
	-4.32B YoY-346.4%	-968M YoY-253.3%	-274M YoY+96.2%	-7.15B YoY-39.1%	-5.14B YoY-3.1%
Capital expenditure	188M YoY-8.3%	205M YoY+18.5%	173M YoY+90.1%	91.0M YoY+23.0%	74.0M YoY-40.3%
Acquisitions	—	0.00	0.00 YoY+100.0%	-1.46B YoY-649.2%	266M YoY+5220.0%
Sales/maturities of investments	1.98B YoY-1.7%	2.01B YoY+59.3%	1.26B YoY-26.3%	1.71B YoY-21.5%	2.18B YoY+83.6%
Other investing activities	57.0M YoY-10.9%	64.0M YoY-7.2%	69.0M YoY-25.8%	93.0M YoY+389.5%	19.0M YoY-67.8%
	2.36B YoY+439.0%	438M YoY-69.5%	1.44B YoY-75.5%	5.88B YoY+12.4%	5.23B YoY+14.4%
Common stock repurchased	—	—	—	—	128M YoY-52.9%
Dividends paid	—	—	—	—	218M YoY+6.3%
Other financing activities	-6.00M YoY-200.0%	-2.00M YoY+0.0%	-2.00M YoY+71.4%	-7.00M YoY+22.2%	-9.00M YoY-800.0%
FX effect on cash	—	175M YoY-26.8%	239M YoY+140.5%	-590M YoY-876.3%	76.0M YoY+7500.0%
Net change in cash	439M YoY-75.6%	1.80B YoY+185.3%	-2.11B YoY-17.9%	-1.79B YoY-126.3%	6.82B YoY+86.0%
Interest paid	1.85B YoY-12.6%	2.12B YoY+61.8%	1.31B YoY+305.6%	323M YoY+122.8%	145M YoY-11.6%
Income taxes paid	651M YoY-2.0%	664M YoY+17.5%	565M YoY+7.8%	524M YoY+19.9%	437M YoY+77.6%
Valuation Ratios	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofSep 30 ’22	as ofSep 30 ’21
Market cap	34.4B YoY+36.5%	25.2B YoY+20.2%	21.0B YoY-1.7%	21.3B YoY+68.5%	12.7B YoY+90.3%
P/E	16.1× YoY+32.2%	12.2× YoY-0.1%	12.2× YoY-13.7%	14.1× YoY+56.6%	9.0× YoY+10.9%
P/S	2.2× YoY+28.0%	1.7× YoY-0.9%	1.7× YoY-9.6%	1.9× YoY+47.6%	1.3× YoY+56.8%
P/B	2.8× YoY+27.4%	2.2× YoY+1.0%	2.1× YoY-5.1%	2.3× YoY+46.9%	1.5× YoY+64.2%
P/FCF	15.3× YoY+18.5%	12.9×	—	—	1.9× YoY+14.3%
Earnings yield	6.2% YoY-24.3%	8.2% YoY+0.1%	8.2% YoY+15.8%	7.1% YoY-36.2%	11.1% YoY-9.9%
FCF yield	6.5% YoY-15.6%	7.7%	—	—	51.9% YoY-12.5%
Dividend yield	1.2% YoY-21.2%	1.5% YoY-12.1%	1.7% YoY+21.5%	1.4% YoY+22.1%	1.1% YoY-44.8%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: RJF's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all RJF filings on SEC EDGAR → Not investment advice.

RJF▼ financial statements

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financial statements