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Raymond James Financial (DE:RJF)
NYSE:RJF
Earnings Data
Report Date
Apr 22, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.49Last Year’s EPS
2.08Same Quarter Last Year
Based on 6 Analysts Ratings
Earnings Call Summary
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
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.
DE:RJF Earnings History
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
DE:RJF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 28, 2026 | €139.00 | €137.00 | -1.44% |
Oct 22, 2025 | €143.52 | €138.54 | -3.47% |
Jul 23, 2025 | €136.15 | €137.15 | +0.73% |
Apr 23, 2025 | €120.85 | €116.89 | -3.28% |
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 (DE:RJF) report earnings?
Raymond James Financial (DE:RJF) is schdueled to report earning on Apr 22, 2026, After Close (Confirmed).
What is Raymond James Financial (DE:RJF) earnings time?
Raymond James Financial (DE:RJF) earnings time is at Apr 22, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Raymond James Financial stock?
The P/E ratio of Raymond James Financial is N/A.
What is DE:RJF EPS forecast?
DE:RJF EPS forecast for the fiscal quarter 2026 (Q2) is 2.49.