Raymond James Reports Mixed Q1 Results, Authorizes $2B Share Buyback, and Boosts Dividend
RJF sits 46% above its 52-week low of $117.565.
Summary
Raymond James Financial reported mixed fiscal Q1 2026 results with a 6% revenue increase but a 3% decrease in pre-tax income year-over-year. The company demonstrated strong capital management by authorizing a new $2 billion share repurchase program and increasing its quarterly common stock dividend by 8%.
Key Events · Earnings and Guidance · RJF
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Mixed Fiscal Q1 2026 Financial Performance
Net revenues increased 6% to $3.74 billion, driven by higher asset management and brokerage revenues. However, pre-tax income decreased 3% to $728 million, and diluted EPS fell 2% to $2.79 compared to the prior-year quarter, primarily due to lower investment banking revenues and higher expenses.
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Significant Share Repurchase Authorization
The Board of Directors authorized a new common stock repurchase program of up to $2 billion, replacing the previous authorization. The company repurchased 2.5 million shares for $400 million at an average price of $162 per share during the quarter.
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Increased Quarterly Dividend
The quarterly cash dividend on common shares was raised by 8% to $0.54 per share, reflecting a dividend payout ratio of 19.4%.
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Strong Capital and Liquidity Position
The company maintains robust capital ratios, with a Tier 1 leverage ratio of 12.7% and a total capital ratio of 24.3%, both well above regulatory minimums. Corporate cash stood at $3.31 billion as of December 31, 2025.
Analysis · RJF · Finance
Raymond James Financial's fiscal Q1 2026 results present a mixed operational picture with revenue growth but a slight decline in profitability. However, the company's robust capital management decisions, including a substantial new $2 billion share repurchase authorization and an 8% increase in its quarterly dividend, signal strong confidence in its financial health and future outlook. These capital return initiatives, coupled with a solid balance sheet and the lifting of a UK regulatory restriction, are likely to be viewed positively by investors, despite the dip in quarterly earnings.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1051 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RJF was trading at $172.14 on NYSE in the Finance sector, with a market capitalization of approximately $34B. The 52-week trading range was $117.57 to $177.66. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.