Raymond James Financial (RJF) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 22, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

2.9

Last Year’s EPS

2.42

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 7 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Jan 28, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented a predominantly positive operational and financial picture: record consolidated revenues, strong EPS, achievement of the firm's adjusted pretax margin target, robust adviser recruiting and net new assets, record fee-based assets and solid bank loan growth. These positives are balanced against near-term headwinds — notably lower interest rates, deposit mix shifts, continued volatility and timing uncertainty in Capital Markets, and ongoing elevated non-compensation investment spending. Management emphasized long-term strategy, continued investments in technology (including AI), acquisitions, and strong capital returns while acknowledging short-term variability in revenue drivers.

Company Guidance

Management guided that fiscal Q2 asset‑management and related administrative fees are expected to be roughly +1% versus Q1 (despite two fewer billing days and after a Q1 PCG assets/fee‑based accounts increase of ~3%), while combined NII and RJBDP fees are expected to be down Q2 versus Q1 assuming current rates (including the Oct/Dec Fed cuts) and unchanged quarter‑end balances after the $1.8B Q2 fee billing collections; FY‑2026 non‑comp expense (ex specified items) is guided to ~ $2.3B (~+8% YoY), the FY tax rate ~24–25%, and management reiterated a ~20% adjusted pretax‑margin target (Q1 adj. pretax margin = 20%) and a ~65% compensation ratio goal (Q1 adj. comp ratio = 65.4%). Capital actions: Q1 repurchased $400M common stock (avg $162) and management plans ≈$400M repurchases in Q2, with Tier‑1 leverage at 12.7%, total capital ratio 24.3%, ~$3.3B parent cash (liquidity ~$2.1B above a $1.2B target) and ~ $2.4B excess capital capacity before reaching a 10% Tier‑1 target. Key Q1 metrics referenced: net revenues $3.7B, net income to common $562M (EPS $2.79; adj net income $577M, adj EPS $2.86), annualized ROE 18% (adj ROTE 21.4%), PCG fee‑based assets $1.04T (+19% YoY), record bank loans $53.4B, and combined NII+RJBDP of $667M (bank NIM 2.81%, RJBDP yield 2.76%).

Record Consolidated Net Revenues and Strong Earnings

Reported record net revenues of $3.7 billion for the fiscal first quarter; net income available to common shareholders of $562 million and diluted EPS of $2.79. Adjusted net income was $577 million with adjusted diluted EPS of $2.86.

Adjusted Pretax Margin Target Achieved

Delivered a pretax margin of 19.5% and an adjusted pretax margin of 20.0%, meeting the firm's 20% adjusted pretax margin objective despite rate and capital markets headwinds.

Strong Returns on Equity

Generated annualized return on common equity of 18.0% and annualized adjusted return on tangible common equity of 21.4%.

Robust Net New Assets and Recruiting Momentum

Net asset annualized growth of 8% in the quarter with $31 billion of net new assets (the firm's second-best quarter). Over the past 12 months recruited advisers with nearly $460 million of trailing 12-month production and over $63 billion of client assets (over $69 billion across all platforms including RIA/custody).

Record Fee-Based Assets and Asset Management Performance

PCG fee-based assets reached a record $1.04 trillion (up 19% year-over-year and 3% sequentially). Asset Management reported record net revenues of $326 million and record pretax income of $143 million; asset management and related administrative fees nearly $2.0 billion, up 15% year-over-year and 6% sequentially.

Private Client Group Revenue Strength

Private Client Group posted record quarterly net revenues of $2.77 billion and pretax income of $439 million, driven by higher assets under administration from market appreciation, retention and net new assets.

Bank Loan Growth and Improving Bank Margins

Bank loans ended the quarter at a record $53.4 billion. Combined net interest income and RJBDP fees from third-party banks totaled $667 million (up 2% sequentially). Bank segment net interest margin increased 10 basis points to 2.81%.

Capital Deployment and Shareholder Returns

Repurchased $400 million of common stock in the quarter (avg. price $162); repurchased $1.45 billion over the past 12 months. Returned nearly $1.87 billion to shareholders over the past 12 months (including dividends), representing ~89% of earnings. Targeting ~$400 million of repurchases next quarter and maintaining a $400–$500 million quarterly repurchase framework.

Strong Capital and Liquidity Position

Tier 1 leverage ratio of 12.7% and total capital ratio of 24.3%. Corporate cash at parent approximately $3.3 billion (liquidity of $2.1 billion, above $1.2 billion target) and approximately $2.4 billion of excess capital capacity before reaching the firm's targeted 10% Tier 1 ratio threshold.

Strategic Acquisitions and Platform Investments

Announced acquisitions (Clark Capital Management and Greens Labs) to strengthen asset management and investment banking capabilities; continuing technology investments (~$1.1 billion annual pace cited) and launched proprietary AI operations agent (RA) to automate and enhance adviser service.

Raymond James Financial (RJF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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RJF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 22, 2026	2026 (Q2)	2.90 / -	2.42	―	―	―
Jan 28, 2026	2026 (Q1)	2.83 / 2.86	2.93	-2.39% (-0.07)
Oct 22, 2025	2025 (Q4)	2.83 / 3.11	2.95	5.42% (+0.16)
Jul 23, 2025	2025 (Q3)	2.37 / 2.18	2.39	-8.79% (-0.21)
Apr 23, 2025	2025 (Q2)	2.45 / 2.42	2.31	4.76% (+0.11)
Jan 29, 2025	2025 (Q1)	2.68 / 2.93	2.4	22.08% (+0.53)
Oct 23, 2024	2024 (Q4)	2.42 / 2.95	2.13	38.50% (+0.82)
Jul 24, 2024	2024 (Q3)	2.31 / 2.39	1.85	29.19% (+0.54)
Apr 24, 2024	2024 (Q2)	2.30 / 2.31	2.03	13.79% (+0.28)
Jan 24, 2024	2024 (Q1)	2.24 / 2.40	2.29	4.80% (+0.11)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

RJF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 28, 2026	$168.31	$167.61	-0.42%
Oct 22, 2025	$165.48	$164.52	-0.58%
Jul 23, 2025	$159.86	$165.80	+3.71%
Apr 23, 2025	$134.04	$135.96	+1.43%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Raymond James Financial (RJF) report earnings?

Raymond James Financial (RJF) is schdueled to report earning on Apr 22, 2026, After Close (Confirmed).

What is Raymond James Financial (RJF) earnings time?

Raymond James Financial (RJF) earnings time is at Apr 22, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

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What companies are reporting earnings today?

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What is RJF EPS forecast?

RJF EPS forecast for the fiscal quarter 2026 (Q2) is 2.9.