R

RAYMOND JAMES FINANCIAL INC

RJF · CIK 0000720005

18 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$15.91B6.6%
FY2025
Net income (FY)
$2.13B3.2%
FY2025
Free cash flow (FY)
$2.25B15.2%
FY2025
Diluted EPS (FY)
$10.306.2%
FY2025
The story, charted

The shape of the business

FY2008–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10B$15BFY2008 · Revenue $3.20B · Net income $235.1M · 0000720005-10-000081 · filed 2010-11-24FY08Revenue $3.20BNet income $235.1M0000720005-10-000081 · filed 2010-11-24FY2009 · Revenue $2.60B · Net income $152.8M · 0000720005-11-000101 · filed 2011-11-23FY09Revenue $2.60BNet income $152.8M0000720005-11-000101 · filed 2011-11-23FY2010 · Revenue $2.98B · Net income $228.3M · 0000720005-12-000113 · filed 2012-11-21FY10Revenue $2.98BNet income $228.3M0000720005-12-000113 · filed 2012-11-21FY2011 · Revenue $3.40B · Net income $278.4M · 0000720005-13-000089 · filed 2013-11-26FY11Revenue $3.40BNet income $278.4M0000720005-13-000089 · filed 2013-11-26FY2012 · Revenue $3.90B · Net income $295.9M · 0000720005-14-000077 · filed 2014-11-25FY12Revenue $3.90BNet income $295.9M0000720005-14-000077 · filed 2014-11-25FY2013 · Revenue $4.60B · Net income $367.2M · 0000720005-15-000075 · filed 2015-11-25FY13Revenue $4.60BNet income $367.2M0000720005-15-000075 · filed 2015-11-25FY2014 · Revenue $4.97B · Net income $480.2M · 0000720005-16-000169 · filed 2016-11-22FY14Revenue $4.97BNet income $480.2M0000720005-16-000169 · filed 2016-11-22FY2015 · Revenue $5.31B · Net income $502.1M · 0000720005-17-000089 · filed 2017-11-22FY15Revenue $5.31BNet income $502.1M0000720005-17-000089 · filed 2017-11-22FY2016 · Revenue $5.52B · Net income $529.4M · 0000720005-18-000083 · filed 2018-11-21FY16Revenue $5.52BNet income $529.4M0000720005-18-000083 · filed 2018-11-21FY2017 · Revenue $6.53B · Net income $636.0M · 0000720005-19-000086 · filed 2019-11-26FY17Revenue $6.53BNet income $636.0M0000720005-19-000086 · filed 2019-11-26FY2018 · Revenue $7.48B · Net income $857.0M · 0000720005-20-000063 · filed 2020-11-24FY18Revenue $7.48BNet income $857.0M0000720005-20-000063 · filed 2020-11-24FY2019 · Revenue $8.02B · Net income $1.03B · 0000720005-21-000106 · filed 2021-11-23FY19Revenue $8.02BNet income $1.03B0000720005-21-000106 · filed 2021-11-23FY2020 · Revenue $8.17B · Net income $818.0M · 0000720005-22-000066 · filed 2022-11-22FY20Revenue $8.17BNet income $818.0M0000720005-22-000066 · filed 2022-11-22FY2021 · Revenue $9.91B · Net income $1.40B · 0000720005-23-000079 · filed 2023-11-21FY21Revenue $9.91BNet income $1.40B0000720005-23-000079 · filed 2023-11-21FY2022 · Revenue $11.31B · Net income $1.51B · 0000720005-24-000069 · filed 2024-11-26FY22Revenue $11.31BNet income $1.51B0000720005-24-000069 · filed 2024-11-26FY2023 · Revenue $12.99B · Net income $1.74B · 0000720005-25-000093 · filed 2025-11-25FY23Revenue $12.99BNet income $1.74B0000720005-25-000093 · filed 2025-11-25FY2024 · Revenue $14.92B · Net income $2.07B · 0000720005-25-000093 · filed 2025-11-25FY24Revenue $14.92BNet income $2.07B0000720005-25-000093 · filed 2025-11-25FY2025 · Revenue $15.91B · Net income $2.13B · 0000720005-25-000093 · filed 2025-11-25FY25Revenue $15.91BNet income $2.13B0000720005-25-000093 · filed 2025-11-25FY25Revenue $15.91BNet income $2.13B0000720005-25-000093 · filed 2025-11-25FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 5.0× since FY2008 · net margin 7.3% → 13.4%

MarginsNet marginFCF margin
0%50%FY2008 · Net margin 7.3% · FCF margin 5.5%FY08Net margin 7.3%FCF margin 5.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 5.9% · FCF margin 13.0%FY09Net margin 5.9%FCF margin 13.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 7.7% · FCF margin -35.0%FY10Net margin 7.7%FCF margin -35.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 8.2% · FCF margin 44.7%FY11Net margin 8.2%FCF margin 44.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 7.6% · FCF margin 8.0%FY12Net margin 7.6%FCF margin 8.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 8.0% · FCF margin 12.8%FY13Net margin 8.0%FCF margin 12.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 9.7% · FCF margin 9.0%FY14Net margin 9.7%FCF margin 9.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 9.5% · FCF margin 15.5%FY15Net margin 9.5%FCF margin 15.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 9.6% · FCF margin -12.6%FY16Net margin 9.6%FCF margin -12.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 9.7% · FCF margin -4.8%FY17Net margin 9.7%FCF margin -4.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 11.5% · FCF margin 10.0%FY18Net margin 11.5%FCF margin 10.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 12.9% · FCF margin 5.5%FY19Net margin 12.9%FCF margin 5.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 10.0% · FCF margin 48.3%FY20Net margin 10.0%FCF margin 48.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 14.2% · FCF margin 66.3%FY21Net margin 14.2%FCF margin 66.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 13.3% · FCF margin -0.2%FY22Net margin 13.3%FCF margin -0.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 13.4% · FCF margin -28.4%FY23Net margin 13.4%FCF margin -28.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 13.9% · FCF margin 13.1%FY24Net margin 13.9%FCF margin 13.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 13.4% · FCF margin 14.1%FY25Net margin 13.4%FCF margin 14.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 13.4%FCF margin 14.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 13.4% · free cash flow 14.1% of revenue

Cash engineOperating cash flowFree cash flow
$0$5BFY2008 · OCF $227.2M · FCF $176.1M · 0000720005-10-000081 · filed 2010-11-24FY08OCF $227.2MFCF $176.1M0000720005-10-000081 · filed 2010-11-24FY2009 · OCF $374.2M · FCF $338.6M · 0000720005-11-000101 · filed 2011-11-23FY09OCF $374.2MFCF $338.6M0000720005-11-000101 · filed 2011-11-23FY2010 · OCF −$1.02B · FCF −$1.04B · 0000720005-12-000113 · filed 2012-11-21FY10OCF −$1.02BFCF −$1.04B0000720005-12-000113 · filed 2012-11-21FY2011 · OCF $1.56B · FCF $1.52B · 0000720005-12-000113 · filed 2012-11-21FY11OCF $1.56BFCF $1.52B0000720005-12-000113 · filed 2012-11-21FY2012 · OCF $391.3M · FCF $313.8M · 0000720005-12-000113 · filed 2012-11-21FY12OCF $391.3MFCF $313.8M0000720005-12-000113 · filed 2012-11-21FY2013 · OCF $659.8M · FCF $586.9M · 0000720005-15-000075 · filed 2015-11-25FY13OCF $659.8MFCF $586.9M0000720005-15-000075 · filed 2015-11-25FY2014 · OCF $507.6M · FCF $447.4M · 0000720005-16-000169 · filed 2016-11-22FY14OCF $507.6MFCF $447.4M0000720005-16-000169 · filed 2016-11-22FY2015 · OCF $898.7M · FCF $824.6M · 0000720005-17-000089 · filed 2017-11-22FY15OCF $898.7MFCF $824.6M0000720005-17-000089 · filed 2017-11-22FY2016 · OCF −$573.3M · FCF −$695.1M · 0000720005-18-000083 · filed 2018-11-21FY16OCF −$573.3MFCF −$695.1M0000720005-18-000083 · filed 2018-11-21FY2017 · OCF −$125.0M · FCF −$315.0M · 0000720005-19-000086 · filed 2019-11-26FY17OCF −$125.0MFCF −$315.0M0000720005-19-000086 · filed 2019-11-26FY2018 · OCF $884.0M · FCF $750.0M · 0000720005-20-000063 · filed 2020-11-24FY18OCF $884.0MFCF $750.0M0000720005-20-000063 · filed 2020-11-24FY2019 · OCF $577.0M · FCF $439.0M · 0000720005-21-000106 · filed 2021-11-23FY19OCF $577.0MFCF $439.0M0000720005-21-000106 · filed 2021-11-23FY2020 · OCF $4.07B · FCF $3.95B · 0000720005-22-000066 · filed 2022-11-22FY20OCF $4.07BFCF $3.95B0000720005-22-000066 · filed 2022-11-22FY2021 · OCF $6.65B · FCF $6.57B · 0000720005-23-000079 · filed 2023-11-21FY21OCF $6.65BFCF $6.57B0000720005-23-000079 · filed 2023-11-21FY2022 · OCF $72.0M · FCF −$19.0M · 0000720005-24-000069 · filed 2024-11-26FY22OCF $72.0MFCF −$19.0M0000720005-24-000069 · filed 2024-11-26FY2023 · OCF −$3.51B · FCF −$3.69B · 0000720005-25-000093 · filed 2025-11-25FY23OCF −$3.51BFCF −$3.69B0000720005-25-000093 · filed 2025-11-25FY2024 · OCF $2.15B · FCF $1.95B · 0000720005-25-000093 · filed 2025-11-25FY24OCF $2.15BFCF $1.95B0000720005-25-000093 · filed 2025-11-25FY2025 · OCF $2.43B · FCF $2.25B · 0000720005-25-000093 · filed 2025-11-25FY25OCF $2.43BFCF $2.25B0000720005-25-000093 · filed 2025-11-25FY25OCF $2.43BFCF $2.25B0000720005-25-000093 · filed 2025-11-25’09’13’17’21’25

FY2025: $2.43B operating cash − $188.0M capex = $2.25B free cash flow

Returns on capitalReturn on equityReturn on assets
0%5%10%15%FY2009 · ROE 7.5% · ROA 0.8%FY09ROE 7.5%ROA 0.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 9.9% · ROA 1.3%FY10ROE 9.9%ROA 1.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 10.8% · ROA 1.5%FY11ROE 10.8%ROA 1.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 9.1% · ROA 1.4%FY12ROE 9.1%ROA 1.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 10.0% · ROA 1.6%FY13ROE 10.0%ROA 1.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 11.6% · ROA 2.1%FY14ROE 11.6%ROA 2.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 11.1% · ROA 1.9%FY15ROE 11.1%ROA 1.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 10.8% · ROA 1.7%FY16ROE 10.8%ROA 1.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 11.4% · ROA 1.8%FY17ROE 11.4%ROA 1.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 13.5% · ROA 2.3%FY18ROE 13.5%ROA 2.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 15.7% · ROA 2.7%FY19ROE 15.7%ROA 2.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 11.5% · ROA 1.7%FY20ROE 11.5%ROA 1.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 17.0% · ROA 2.3%FY21ROE 17.0%ROA 2.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 16.0% · ROA 1.9%FY22ROE 16.0%ROA 1.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 17.0% · ROA 2.2%FY23ROE 17.0%ROA 2.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 17.7% · ROA 2.5%FY24ROE 17.7%ROA 2.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 17.1% · ROA 2.4%FY25ROE 17.1%ROA 2.4%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 17.1%ROA 2.4%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 8% (FY2009) → 17% (FY2025) · on assets 2.4%

Balance sheetLiabilitiesEquity
$0$50BFY2009 · Liabilities $15.99B · Equity $2.03BFY09Liabilities $15.99BEquity $2.03B0000720005-10-000081 · filed 2010-11-24FY2010 · Liabilities $15.29B · Equity $2.30BFY10Liabilities $15.29BEquity $2.30B0000720005-11-000101 · filed 2011-11-23FY2011 · Liabilities $15.10B · Equity $2.59BFY11Liabilities $15.10BEquity $2.59B0000720005-12-000113 · filed 2012-11-21FY2012 · Liabilities $17.48B · Equity $3.27BFY12Liabilities $17.48BEquity $3.27B0000720005-13-000089 · filed 2013-11-26FY2013 · Liabilities $19.19B · Equity $3.66BFY13Liabilities $19.19BEquity $3.66B0000720005-14-000077 · filed 2014-11-25FY2014 · Liabilities $18.89B · Equity $4.14BFY14Liabilities $18.89BEquity $4.14B0000720005-15-000075 · filed 2015-11-25FY2015 · Liabilities $21.68B · Equity $4.52BFY15Liabilities $21.68BEquity $4.52B0000720005-16-000169 · filed 2016-11-22FY2016 · Liabilities $26.42B · Equity $4.92BFY16Liabilities $26.42BEquity $4.92B0000720005-17-000089 · filed 2017-11-22FY2017 · Liabilities $29.19B · Equity $5.58BFY17Liabilities $29.19BEquity $5.58B0000720005-18-000083 · filed 2018-11-21FY2018 · Liabilities $30.96B · Equity $6.37BFY18Liabilities $30.96BEquity $6.37B0000720005-19-000086 · filed 2019-11-26FY2019 · Liabilities $32.19B · Equity $6.58BFY19Liabilities $32.19BEquity $6.58B0000720005-20-000063 · filed 2020-11-24FY2020 · Liabilities $40.31B · Equity $7.11BFY20Liabilities $40.31BEquity $7.11B0000720005-21-000106 · filed 2021-11-23FY2021 · Liabilities $53.59B · Equity $8.24BFY21Liabilities $53.59BEquity $8.24B0000720005-22-000066 · filed 2022-11-22FY2022 · Liabilities $71.52B · Equity $9.46BFY22Liabilities $71.52BEquity $9.46B0000720005-23-000079 · filed 2023-11-21FY2023 · Liabilities $68.17B · Equity $10.21BFY23Liabilities $68.17BEquity $10.21B0000720005-24-000069 · filed 2024-11-26FY2024 · Liabilities $71.33B · Equity $11.67BFY24Liabilities $71.33BEquity $11.67B0000720005-25-000093 · filed 2025-11-25FY2025 · Liabilities $75.73B · Equity $12.50BFY25Liabilities $75.73BEquity $12.50B0000720005-25-000093 · filed 2025-11-25FY25Liabilities $75.73BEquity $12.50B0000720005-25-000093 · filed 2025-11-25’09’13’17’21’25

FY2025: $88.23B assets · $75.73B liabilities · $12.50B equity

The receipts