Raymond James Posts Record FY2026: $15.79B Revenue, $11.91 EPS, $1.94T Client Assets
RJF is trading near its 52-week low of $138.82 (13% above the low).
Summary
Raymond James reported record fiscal 2026 results — $15.79 billion of net revenues, $11.91 diluted EPS and $1.94 trillion in client assets — with fourth-quarter revenue up 15% and EPS up 15% year-over-year.
Key Events · Earnings and Guidance · RJF
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Record FY2026 Revenue and EPS
Fiscal 2026 net revenues of $15.79 billion rose 12% and diluted EPS of $11.91 rose 16% over fiscal 2025; fourth-quarter revenue of $4.27 billion was up 15% year-over-year.
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Private Client Group Net New Assets Surge
Full-year domestic PCG net new assets reached $98.3 billion, up 88% from $52.4 billion in fiscal 2025, with fee-based assets at a record $1.16 trillion, up 15% year-over-year.
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Capital Markets Pre-Tax Income Jumps
Quarterly Capital Markets pre-tax income rose 121% sequentially to $106 million on investment banking revenue of $361 million, up 27% from the prior quarter.
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Bank Margin Compression
Bank segment net interest margin fell to 2.60% from 2.71% a year earlier, and total client cash sweep and ESP balances of $58.0 billion were up only 3% year-over-year.
Analysis · RJF · Finance
Records fell across the board as Raymond James closed fiscal 2026 with $15.79 billion of net revenues (up 12%) and $11.91 of diluted EPS (up 16%). The fourth quarter beat the prior-year quarter on every line: $4.27 billion of revenue (+15%) and $3.40 of diluted EPS (+15%). The engine is the Private Client Group, where fee-based assets reached $1.16 trillion and full-year domestic net new assets of $98.3 billion nearly doubled fiscal 2025's $52.4 billion — evidence that advisor recruiting and retention are converting into sticky, fee-generating balances. Capital Markets was the swing factor: quarterly pre-tax income jumped 121% sequentially to $106 million on a 27% rise in investment banking revenue, and full-year segment pre-tax income rose 47%. Against that, the Bank segment's net interest margin slipped to 2.60% from 2.71% a year ago and client cash sweep balances were flat year-over-year at $58.0 billion — the funding pressure that matters most for a rate-sensitive earnings base. Capital remains fortress-like (24.2% total capital ratio), and the firm returned roughly $1.7 billion to shareholders in fiscal 2026, with $1.05 billion left on the buyback authorization. Management flagged geopolitical and macroeconomic uncertainty entering fiscal 2027 but pointed to a strong investment banking pipeline.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 31.1% of the 1661 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, RJF was trading at $157.42 on NYSE in the Finance sector, with a market capitalization of approximately $30.3B. The 52-week trading range was $138.82 to $182.73. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.