Raymond James Financial, Inc. earnings overview

RJF FY2026 Q3 · Calendar Q3 2026

Raymond James Financial, Inc.

Raymond James delivered its second consecutive record quarter in FY2026, with Q3 revenue of $3.93 billion (up 16% year-over-year) and pretax income of $750 million. Three structural drivers are compounding: (1) adviser recruiting continues to generate organic asset growth at a high retention rate, (2) the proprietary 'Raymond' AI assistant reached full enterprise rollout with 6,500 users and 99.5% satisfaction, and (3) the Clark Capital acquisition closed, adding approximately $47 billion in combined AUM and non-discretionary assets. The loan portfolio hit a record $56.2 billion with securities-based balances up 34% YoY. The balance sheet remains well-capitalized at an 11.7% Tier 1 leverage ratio, and the firm has repurchased $1.6 billion of stock over the trailing year. Management maintained its guidance stance and expressed confidence in sustaining momentum into the fourth quarter.…