How does Raymond James Financial (RJF) make money?

Raymond James Financial (RJF) generates revenue primarily from Private Client Group, which accounted for 62.6% of total revenue in TTM through Q1 2026. The company reported $16.35B in revenue and converted 13.1% of it into net profit, equivalent to roughly $2.15B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Raymond James Financial (RJF)?

Raymond James Financial (RJF) reported a gross profit margin of 89.2% in TTM through Q1 2026, equivalent to $14.58B in gross profit on $16.35B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Raymond James Financial (RJF)?

Raymond James Financial (RJF) reported an operating profit margin of 16.9% in TTM through Q1 2026, equivalent to $2.76B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Raymond James Financial (RJF)?

Raymond James Financial (RJF) reported a net profit margin of 13.1% in TTM through Q1 2026, equivalent to $2.15B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Raymond James Financial (RJF) profitable?

Yes. Raymond James Financial (RJF) reported $2.15B in net income for TTM through Q1 2026, with a net profit margin of 13.1%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Raymond James Financial (RJF) spend on capital expenditures?

Raymond James Financial (RJF) spent $192.00M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 1.2% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Raymond James Financial (RJF) generate?

Raymond James Financial (RJF) generated $2.38B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 14.6%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Raymond James Financial (RJF)?

Raymond James Financial (RJF) had an effective tax rate of 22.1% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Raymond James Financial (RJF)?

Raymond James Financial (RJF) reports revenue across 4 reportable product segments, led by Private Client Group at 62.6% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Raymond James Financial (RJF) generate most of its revenue?

UNITED STATES is the largest geographic market for Raymond James Financial (RJF), accounting for 91.5% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Raymond James Financial Makes Money: 2026 Visual Revenue Map

Raymond James Financial (RJF) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 6, 2026).

Raymond James Financial (RJF) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Raymond James Financial (RJF) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Private Client Group	$10.24B	62.6%
RJ Bank	$3.19B	19.5%
Capital Markets	$1.74B	10.6%
Asset Management Segment	$1.19B	7.3%
Total	$16.35B	100%

Private Client Group$10.24B
RJ Bank$3.19B
Capital Markets$1.74B
Asset Management Segment$1.19B
Total$16.35B

Raymond James Financial (RJF) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Raymond James Financial (RJF), TTM through Q1 2026
Region	Revenue (USD)	% of total
UNITED STATES	$13.47B	91.5%
CANADA	$696.00M	4.7%
Europe	$553.00M	3.8%
Total	$14.72B	100%

UNITED STATES
CANADA
Europe
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Raymond James Financial (RJF) reports revenue across 4 operating segments; the largest segment was Private Client Group at 62.6%, followed by RJ Bank (19.5%) and Capital Markets (10.6%). Separately, by end-market geography, UNITED STATES accounted for 91.5% of revenue, followed by CANADA (4.7%) and Europe (3.8%).

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