RJF · 10-Q · 2026Q2 · Full report

Liquidity and Cash Position

RAYMOND JAMES FINANCIAL INC · 2026-08-05 · Importance 19 · Surprise 6

Corporate-owned life insurance policies available as a liquidity source had a cash surrender value of $1.54 billion as of June 30, 2026. Raymond James could borrow up to 90%, or $1.38 billion, against those policies without restriction. No borrowings were outstanding against the policies as of June 30, 2026. The company maintained a universal shelf registration statement effective through May 8, 2027, allowing issuance of debt, equity, and other capital instruments when needed or opportune.

Key facts

• Total clients’ domestic cash sweep and ESP balances increased 2% compared with March 31, 2026 source
• Total clients’ domestic cash sweep and ESP balances increased 7% compared with June 30, 2025 source
• RJBDP - Bank segment balance as of June 30, 2026: $26,004 million source
• RJBDP - Third-party banks balance as of June 30, 2026: $16,243 million source
• Subtotal RJBDP as of June 30, 2026: $42,247 million source
• Total clients’ domestic cash sweep balances as of June 30, 2026: $43,924 million source
• ESP balance as of June 30, 2026: $14,911 million source
• Total clients’ domestic cash sweep and ESP balances as of June 30, 2026: $58,835 million source