15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 14.3% per year over the past 5 years.
Net income has grown faster than revenue (21.2% vs 14.3% per year).
Free cash flow has declined 10.7% per year over the past 5 years.
Financial health
Total debt has grown slower than revenue (-87.5% vs 14.3% per year).
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$15.9B
$2.1B
0.0%
0.0%
$2.2B
—
$11.4B
2024
$14.9B
$2.1B
0.0%
0.0%
$1.9B
—
$11.0B
2023
$13.0B
$1.7B
0.0%
0.0%
-$3.7B
—
$9.3B
2022
$11.3B
$1.5B
0.0%
0.0%
-$19M
$1M
$6.2B
2021
$9.9B
$1.4B
0.0%
0.0%
$6.6B
$8M
$7.2B
2020
$8.2B
$818M
0.0%
0.0%
$3.9B
—
$5.4B
2019
$8.0B
$1.0B
0.0%
0.0%
$439M
—
$4.0B
2018
$7.5B
$857M
0.0%
0.0%
$750M
—
$3.5B
2017
$6.5B
$636M
0.0%
0.0%
-$315M
—
$3.7B
2016
$5.5B
$529M
0.0%
0.0%
-$695M
—
$1.7B
2015
$5.3B
$502M
0.0%
0.0%
$825M
—
$2.6B
2014
$5.0B
$480M
0.0%
0.0%
$447M
$1.2B
$2.2B
2013
$4.6B
$367M
0.0%
0.0%
—
$1.2B
$2.6B
2012
$3.9B
$296M
0.0%
0.0%
$314M
—
$2.0B
2011
$3.4B
$278M
0.0%
0.0%
$1.5B
—
$2.4B
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$4.3B
$544M
0.0%
0.0%
$1.1B
—
$11.2B
Dec '25
$4.2B
$563M
0.0%
0.0%
-$56M
—
$9.9B
Sep '25
$4.2B
$604M
0.0%
0.0%
$752M
—
$11.4B
Jun '25
$3.8B
$436M
0.0%
0.0%
$634M
—
$9.2B
Mar '25
$3.8B
$495M
0.0%
0.0%
$71M
—
$9.7B
Dec '24
$4.0B
$600M
0.0%
0.0%
$789M
—
$10.0B
Sep '24
$4.0B
$602M
0.0%
0.0%
$460M
—
$11.0B
Jun '24
$3.8B
$492M
0.0%
0.0%
$655M
—
$9.1B
Mar '24
$3.6B
$476M
0.0%
0.0%
$342M
—
$10.0B
Dec '23
$3.5B
$498M
0.0%
0.0%
$493M
—
$10.2B
Sep '23
$3.5B
$434M
0.0%
0.0%
$383M
—
$9.3B
Jun '23
$3.3B
$369M
0.0%
0.0%
-$241M
—
$8.4B
Mar '23
$3.2B
$427M
0.0%
0.0%
-$666M
—
$8.7B
Dec '22
$3.0B
$509M
0.0%
0.0%
-$3.2B
$0
$6.2B
Sep '22
$3.0B
$439M
0.0%
0.0%
-$4.5B
$1M
$6.2B
Jun '22
$2.8B
$301M
0.0%
0.0%
$5.7B
$3M
$6.0B
Mar '22
$2.7B
$323M
0.0%
0.0%
$1.1B
—
$5.7B
Dec '21
$2.8B
$446M
0.0%
0.0%
-$2.3B
—
$8.2B
Sep '21
$2.7B
$429M
0.0%
0.0%
$4.5B
$8M
$7.2B
Jun '21
$2.5B
$307M
0.0%
0.0%
$1.4B
—
$6.0B
Valuation over time
How the market has priced RJF against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 12.0× (Mar '23) to 13.7× (Jun '26).
The price-to-sales ratio has risen from 1.6× (Mar '23) to 1.8× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is RJF growing its revenue and profit?
Over the past 5 years, Raymond James Financial's revenue has grown 14.3% per year, and net income grown 21.2% per year. These are computed facts, not advice.
How much debt does RJF have?
As of FY2025, Raymond James Financial reported — of total debt against $11.4B of cash.
What is RJF's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 13.4%.
What is RJF's P/E ratio?
As of Jun '26, Raymond James Financial traded at a price-to-earnings ratio of about 13.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.