RAYMOND JAMES FINANCIAL INC

10-K & 10-Q Filings

Raymond James Financial, Inc. is a leading diversified financial services company based in the United States. Established in 1962 and public since 1983, the company provides private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities. Its emphasis on putting clients first and maintaining a conservative, long-term focus has contributed to its historical and continued success. The company operates through five segments: Private Client Group, Capital Markets, Asset Management, Bank, and Other. The Private Client Group segment provides financial planning, investment advisory, and securities transaction services to clients through financial advisors. Capital Markets conducts investment banking, institutional sales, securities trading, equity research, and affordable housing investments. Asset Management earns asset management and related administrative fees for providing asset management, portfolio management, and related administrative services to retail and institutional clients. The Bank segment reflects the results of the company's banking operations, including loans, deposit accounts, and interest income. The Other segment includes interest income on corporate cash balances, private equity investments, and certain corporate overhead costs. Raymond James Financial, Inc. has approximately 18,000 associates (including 3,693 employee financial advisors) and 5,019 independent advisors. The company is committed to attracting, developing, and retaining exceptional associates and independent advisors, offering competitive compensation and benefits packages, and maintaining a values-based culture. The company's website is www.raymondjames.com, and its stock is traded on the New York Stock Exchange under the symbol "RJF."

12 mos ending Sep 30, 201212 mos ending Sep 30, 201312 mos ending Sep 30, 201412 mos ending Sep 30, 201512 mos ending Sep 30, 201612 mos ending Sep 30, 201712 mos ending Sep 30, 201812 mos ending Sep 30, 201912 mos ending Sep 30, 202012 mos ending Sep 30, 202112 mos ending Sep 30, 202212 mos ending Sep 30, 20233 mos ending Dec 31, 20223 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$3897.90
4595.80
4965.46
5308.16
5520.34
6524.88
7475.82
8023.00
7990.00
9910.00
11308.00
12992.00
3027.00
3520.00
11.57%16.29%Net Interest Income (+)
$
473.60
376.80
435.25
523.25
648.35
842.49
998.00
822.00
10008.00
11308.00
12992.00
586.00
546.00
-6.83%Interest Expense (-)
$
104.09
107.95
117.08
153.78
201.50
283.00
178.00
150.00
305.00
1373.00
241.00
507.00
110.37%Non Interest Income (+)
$3220.79
4122.20
3714.51
3921.81
3976.37
4546.74
572.14
6742.00
7168.00
-98.00
Non-recurring Operating Expenses (-)
$59.28
73.45
40.71
18.00
3.93
46.00
Operating Expenses (-)
$3338.61
3891.52
4145.42
4423.50
4625.90
5443.12
5969.44
6365.00
6938.00
7969.00
8981.00
9339.00
2134.00
2383.00
9.80%11.67%Operating Income/Loss (+)
$585.18
706.85
833.60
908.24
922.61
1140.49
1526.86
1695.00
1292.00
2026.00
2427.00
3785.00
907.00
1149.00
18.50%26.68%Provision for Loan Loss (-)
$25.89
2.56
13.56
23.57
28.17
12.99
20.48
22.00
233.00
-32.00
100.00
132.00
14.00
12.00
15.96%-14.29%Non-operating Income/Expense (+)
$
-45.75
-98.00
Earnings before Tax (+)
$467.92
593.91
715.95
776.71
777.37
927.98
1304.88
1695.00
1292.00
1928.00
2427.00
3785.00
907.00
1149.00
20.93%26.68%Tax Expense (-)
$175.66
197.03
267.80
296.03
271.29
289.11
453.96
341.00
234.00
388.00
513.00
541.00
143.00
132.00
10.77%-7.69%Income/Loss (Continuing Operations) (+)
$292.26
396.88
448.15
480.68
506.08
638.87
850.92
1354.00
1058.00
1540.00
1914.00
3244.00
764.00
1017.00
24.46%33.12%Profit/Loss (+)
$292.26
396.88
448.15
480.68
506.08
638.87
850.92
Net Income/Loss (NCI) (-)
$-3.60
29.72
-32.10
-21.46
-23.27
2.63
-5.78
Net Income/Loss (+)
$295.87
367.15
480.25
502.14
529.35
636.24
856.70
1034.00
818.00
1403.00
1509.00
1739.00
509.00
498.00
17.47%-2.16%Preferred & Other Distributions (-)
$
4.00
6.00
2.00
1.00
-50.00%Net Income/Loss (Common) (+)
$295.87
367.15
480.25
502.14
529.35
636.24
856.70
1034.00
818.00
1403.00
1505.00
1733.00
507.00
497.00
17.43%-1.97%EPS (Basic)
$2.22
2.64
3.41
3.51
3.72
4.43
5.89
7.32
5.94
6.81
7.16
8.16
2.36
2.38
12.56%0.85%EPS (Diluted)
$2.20
2.58
3.32
3.43
3.65
4.33
5.75
7.17
5.83
6.63
6.98
7.97
2.30
2.32
12.41%0.87%Weighted Avg Shares (Basic)
130.81
137.73
139.94
142.55
141.77
143.28
145.27
141.00
137.60
205.70
209.90
211.80
214.70
208.60
4.48%-2.84%Weighted Avg Shares (Diluted)
131.79
140.54
143.59
145.94
144.51
146.65
148.84
144.00
140.20
211.20
215.30
216.90
220.40
213.80
4.63%-2.99%Cash
$1980.02
2596.62
2199.06
2601.01
1650.45
3669.67
3872.91
6314.00
10056.00
7681.00
6882.00
12548.00
11293.00
13937.00
18.28%23.41%Receivables
$427.64
407.33
544.18
514.00
615.85
652.77
582.92
549.00
927.00
999.00
1615.00
1608.00
1252.00
1580.00
12.80%26.20%Securities & Long-term Investments
$1244.84
1094.11
957.13
837.78
1187.49
2438.34
3059.05
24232.00
28845.00
33309.00
53124.00
54092.00
53859.00
54564.00
40.90%1.31%Property, Plant & Equipment (Net)
$231.19
244.42
245.40
255.88
321.46
437.37
486.27
527.00
535.00
Other Assets
$17276.57
18843.66
19379.87
22271.02
27818.49
27685.30
29411.77
7208.00
7119.00
19902.00
19330.00
10112.00
10643.00
10049.00
-4.75%-5.58%Assets (Total)
$21160.26
23186.12
23325.65
26479.68
31593.73
34883.46
37412.92
38830.00
47482.00
61891.00
80951.00
78360.00
77047.00
80130.00
12.64%4.00%Deposits
$8599.71
9295.37
10028.92
11919.88
14262.55
17732.36
19941.51
22281.00
26801.00
32495.00
51357.00
54199.00
51979.00
55393.00
18.22%6.57%Accounts Payable
$6007.21
7424.59
5750.23
6406.90
8257.30
7211.58
7479.13
2019.00
2897.00
3526.00
3555.00
1931.00
2984.00
3405.00
-9.80%14.11%Securities (Liabilities)
$1107.15
1235.92
1116.81
1263.16
1506.05
1356.02
1297.20
1311.00
883.00
681.00
1832.00
1543.00
1338.00
1620.00
3.06%21.08%Debt (Non-current)
$1329.09
1278.58
1889.63
1878.25
2301.84
3062.85
2448.69
2444.00
2933.00
2895.00
3329.00
3139.00
3188.00
3138.00
8.13%-1.57%Other Liabilities
$436.81
106.81
225.40
116.08
4132.00
6792.00
13991.00
11446.00
7361.00
7728.00
5793.00
29.27%-25.04%Liabilities (Total)
$17479.98
19187.78
18892.40
21693.59
26443.82
29190.10
30960.58
32187.00
40306.00
53588.00
71519.00
68173.00
67217.00
69349.00
13.17%3.17%Treasury Stock
$118.76
120.56
121.21
203.46
362.94
390.08
447.27
1210.00
1390.00
1437.00
1512.00
2252.00
1604.00
2365.00
30.67%47.44%Retained Earnings
$2346.56
2635.03
3023.84
3419.72
3832.33
4340.05
5033.06
5874.00
6484.00
7633.00
8843.00
10213.00
9254.00
10609.00
14.31%14.64%AOCI
$9.45
10.73
-1.89
-40.50
-55.73
-15.20
-26.93
-23.00
11.00
-41.00
-982.00
-971.00
-891.00
-693.00
22.22%Shareholder's Equity
$3680.28
3998.34
4433.26
4786.10
5149.92
5693.35
6452.35
6643.00
7176.00
8303.00
9432.00
10187.00
9830.00
10781.00
9.70%9.67%Liabilities & Equity
$21160.26
23186.12
23325.65
26479.68
31593.73
34883.46
37412.92
38830.00
47482.00
61891.00
80951.00
78360.00
77047.00
80130.00
12.64%4.00%Net Income/Loss
$292.26
764.03
480.25
982.82
529.35
636.24
856.70
1034.00
818.00
1403.00
1509.00
1739.00
509.00
498.00
17.60%-2.16%Depreciation & Amortization
$51.45
66.36
64.16
68.31
72.38
84.13
98.73
112.00
119.00
134.00
145.00
165.00
40.00
42.00
11.18%5.00%Increase/Decrease in Working Capital
$-3.00
-164.52
70.68
-252.78
1133.27
-589.91
-668.98
791.00
-2676.00
-4984.00
2115.00
5724.00
3743.00
-22.00
-100.59%Share-based Compensation
$55.73
61.86
69.61
71.49
76.43
96.16
103.05
112.00
120.00
132.00
192.00
237.00
81.00
90.00
14.06%11.11%Adjustments to Reconcile Net Income
$99.02
221.76
27.34
418.50
-1047.67
669.70
1052.41
-457.00
3236.00
5222.00
-1437.00
-5253.00
-3645.00
45.00
101.23%Net Cash (Operating)
$391.29
659.80
507.59
899.18
-518.32
1305.94
1903.33
577.00
4054.00
6625.00
72.00
-3514.00
-3136.00
543.00
117.32%Capital Expenditure
$1155.15
79.33
19.32
118.69
337.37
99.54
292.79
143.00
129.00
340.00
-1370.00
173.00
27.00
50.00
-15.85%85.19%Net Cash (Investing)
$-2731.22
-651.97
-4193.53
-2167.96
-2981.82
-3376.07
-3475.91
-1897.00
-4985.00
-5140.00
-7151.00
-274.00
-666.00
-176.00
73.57%Increase/Decrease in Debt
$860.39
695.66
1278.69
1877.63
1984.00
3725.17
1594.19
2334.00
4515.00
4819.00
6327.00
2651.00
481.00
1194.00
10.77%148.23%Increase/Decrease in Equity
$341.96
-11.72
25.21
-40.58
-119.17
23.41
1.38
-713.00
-210.00
-75.00
52.00
6.00
-178.00
10.00
-30.76%105.62%Interest Expenses
$91.45
106.82
101.09
106.31
113.64
155.98
200.93
283.00
164.00
145.00
323.00
1310.00
216.00
499.00
27.38%131.02%Dividends Paid
$68.78
76.59
88.10
103.14
113.44
127.20
151.34
191.00
205.00
218.00
277.00
355.00
81.00
97.00
16.09%19.75%Net Cash (Financing)
$1879.28
615.43
1223.96
3451.81
2578.73
4064.56
1420.18
1373.00
4593.00
5254.00
5879.00
1438.00
221.00
907.00
-2.40%310.41%Cash Taxes Paid
$176.54
189.73
319.28
378.93
303.79
349.01
231.14
390.00
246.00
437.00
524.00
565.00
13.00
24.00
11.15%84.62%Effect of Exchange Rate
$0.98
-6.67
-32.34
-55.18
-29.14
24.79
-16.96
-23.00
1.00
76.00
-590.00
239.00
215.00
115.00
64.88%-46.51%Increase/Decrease in Cash
$-459.68
616.60
-397.55
401.94
-950.55
2019.22
-169.37
30.00
3663.00
6815.00
-1790.00
-2111.00
-3366.00
1389.00
141.27%Cash (Beginning)
$2439.70
1980.02
2596.62
2199.06
2601.01
1650.45
3669.67
5941.00
5971.00
9634.00
16449.00
14659.00
14659.00
12548.00
17.71%-14.40%Cash (Ending)
$1980.02
2596.62
2199.06
2601.01
1650.45
3669.67
3500.31
5971.00
9634.00
16449.00
14659.00
12548.00
11293.00
13937.00
18.28%23.41%NOPAT
$364.40
481.04
461.86
465.14
562.06
711.56
1256.40
1305.00
1046.00
1566.79
1903.00
3220.00
894.00
1125.00
21.91%25.84%Operating Margin %
15.01%
15.38%
16.79%
17.11%
16.71%
17.48%
20.42%
21.13%
16.17%
20.44%
21.46%
29.13%
29.96%
32.64%
NOPAT Margin %
9.35%
10.47%
9.30%
8.76%
10.18%
10.91%
16.81%
16.27%
13.09%
15.81%
16.83%
24.78%
29.53%
31.96%
Net Margin %
7.59%
7.99%
9.67%
9.46%
9.59%
9.75%
11.46%
12.89%
10.24%
14.16%
13.34%
13.39%
16.82%
14.15%
Tax Rate %
37.73%
31.95%
44.60%
48.79%
39.08%
37.61%
17.71%
23.01%
19.04%
22.67%
21.59%
14.93%
1.43%
2.09%
ROA
1.72%
2.07%
1.98%
1.76%
1.78%
2.04%
3.36%
3.36%
2.20%
2.53%
2.35%
4.11%
1.16%
1.40%
ROE
9.90%
12.03%
10.42%
9.72%
10.91%
12.50%
19.47%
19.64%
14.58%
18.87%
20.18%
31.61%
9.09%
10.44%
Equity Multiplier
5.75
5.80
5.26
5.53
6.13
6.13
5.80
5.85
6.62
7.45
8.58
7.69
7.84
7.43
Debt/Equity Ratio
2.70
2.64
2.69
2.88
3.22
3.65
3.47
3.72
4.14
4.26
5.80
5.63
5.61
5.43
Dividend Payout Ratio %
18.88%
15.92%
19.08%
22.17%
20.18%
17.88%
12.05%
14.64%
19.60%
13.91%
14.56%
11.02%
9.06%
8.62%
Total Payout
$-273.18
88.31
62.90
143.72
232.61
103.79
149.96
904.00
415.00
293.00
225.00
349.00
259.00
87.00
-66.41%Payout Ratio %
-74.97%
18.36%
13.62%
30.90%
41.38%
14.59%
11.94%
69.27%
39.67%
18.70%
11.82%
10.84%
28.97%
7.73%