RJF · Full Picture

RAYMOND JAMES FINANCIAL INC — the full picture

Earnings window · 2026-07-15 to 2026-08-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Revenue Performance and Mix · Revenue growth & mixPriority 74
    +5.1% revenue; 2 sources (news, sec_filing); 1 forward row(s); structured_verified
    Net revenues for the quarter ended June 30, 2026: $3,928 million, an increase of 16% compared with the prior-year quarter
  2. Operating Income and Margins · Operating income & profitabilityPriority 73
    +20.7% revenue (realized); structured_verified
    Adjusted net income available to common shareholders for the quarter ended June 30, 2026 (excluding $25 million of acquisition-related expenses, net of tax): $620 million, an increase of 38% compared with the prior-year quarter
  3. Acquisitions and Partnerships · M&A and divestituresPriority 66
    quote_verified
    On April 30, 2026 Raymond James completed acquisition of Clark Capital which contributed approximately $36 billion of financial AUM and $11 billion of non-discretionary assets, representing total client assets of $47 billion as of the acquisition date
  4. Balance Sheet and Liquidity · Liquidity & cash positionPriority 65
    +13.7% assets (realized); structured_verified
    Total assets as of June 30, 2026: $94.24 billion, $6.01 billion or 7% higher than total assets as of September 30, 2025
  5. Interest Rate Environment · Interest ratesPriority 63
    1 forward row(s); quote_verified
    Assuming future market conditions change as they have in the past twelve months, we would expect to incur losses greater than those predicted by our one-day VaR estimates about once every 100 trading days, or two to three times per year on average.
  6. Distribution Channels · Customers & concentrationPriority 60
    quote_verified
    As of June 30, 2026, RCS-affiliated assets included in PCG AUA: $251.3 billion, of which $220.1 billion were assets in fee-based accounts
  7. Liquidity and Debt Position · UnclassifiedPriority 58
    quote_verified
    As of June 30, 2026, RJF and RJ&A had the ability to borrow under a $1 billion committed unsecured Credit Facility and had no borrowings outstanding under this facility
  8. Managed Assets And Flows · UnclassifiedPriority 57
    quote_verified
    PCG AUA as of June 30, 2026 increased 9% compared with March 31, 2026 and 18% compared with June 30, 2025; PCG assets in fee-based accounts increased 11% compared with March 31, 2026 and 22% compared with June 30, 2025
  9. Capital Markets Performance · UnclassifiedPriority 56
    quote_verified
    Capital Markets segment net revenues for quarter ended June 30, 2026: $477 million, increased 25% year-over-year; pre-tax income $48 million versus prior-year pre-tax loss of $54 million
  10. Bank Net Interest Income · Interest ratesPriority 52
    -0.7% revenue; 3 forward row(s); structured_verified
    Banking operations estimated net interest income over a 12-month period under instantaneous rate changes: +200 bps -> $2,119 (8% projected change); +100 bps -> $2,054 (4%); base $1,967 (—%); -100 bps -> $1,845 ((6)%); -200 bps -> $1,724 ((12)%) as presented.
  11. Interest-Only Mortgage Exposure · UnclassifiedPriority 51
    quote_verified
    The weighted-average number of years before the remainder of the interest-only loans at June 30, 2026 begins amortizing is approximately five years.
  12. Bank Loan Demand · Demand, orders & backlogPriority 48
    quote_verified
    Distribution of recorded investment of bank loans maturing in more than one year at June 30, 2026: fixed rate $2,460 million, adjustable rate $26,542 million, total $29,002 million; total held for sale and investment fixed $2,463 million, adjustable $26,661 million, total $29,124 million.

Threads by pillar

Revenue & Demand Priority 86 · 6 threads

Costs & Margins Priority 81 · 4 threads

Capital & Balance Sheet Priority 81 · 6 threads

Strategy & Portfolio Priority 68 · 3 threads

Legal, Regulatory & Policy Priority 50 · 2 threads

Macro & Market Conditions Priority 79 · 5 threads

Unclassified Priority 85 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
revenue+4.3%+6.9%+88.7%
cash——-1.3%
assets——+14.8%
operating_income——+13.6%
net_income——+10.9%
liability——-7.5%