Raymond James Financial, Inc. logo RJF - Raymond James Financial, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 1
BUY 9
HOLD 14
SELL 0
STRONG
SELL 0
| PRICE TARGET: $169.00 DETAILS
HIGH: $172.00
LOW: $166.00
MEDIAN: $169.00
CONSENSUS: $169.00
UPSIDE: 11.58%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 15,912 14,741 12,841 11,156 9,780 8,067 7,929 7,384 6,446 5,461.2 5,207.4 4,873.2 4,518.4 3,829.3 3,289.9 2,979.5 2,602.5 3,204.9 3,109.6 2,632.8 2,157.0 1,829.8 1,497.6 1,517.4 1,671.0 1,698.6 1,232.1 1,082.9 927.6 721.8 554 507.1 451.8
Cost of Revenue 1,884 2,147 1,505 405 118 411 305 222 167 144.2 129.6 117.7 112.9 117.3 99.5 143.3 226.3 447.0 499.7 296.7 117.8 48.5 45.6 76.3 228.4 228.7 151.5 131 101.3 83.5 64.8 36.2 17.2
Gross Profit 14,028 12,594 11,336 10,751 9,662 7,656 7,624 7,162 6,279 5,317.0 5,077.7 4,755.5 4,405.5 3,712.0 3,190.4 2,836.3 2,376.2 2,758.0 2,609.9 2,336.1 2,039.2 1,781.3 1,452.0 1,441.1 1,442.6 1,469.9 1,080.6 951.9 826.3 638.3 489.2 470.9 434.6
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 7,241 8,213 7,299 7,329 6,584 5,992 5,654 5,328 4,680 4,052.8 3,950.6 3,705.0 3,435.8 2,934.7 2,503.2 2,142.2 1,930.3 2,207.8 1,766.7 1,601.0 1,429.1 1,273.4 1,034.7 1,022.2 1,024.4 1,009.1 754.7 648.2 537.4 423.9 326.4 318 282.9
Other Expenses 2,226 1,738 1,757 1,400 1,287 612 595 523 674 452.3 312.5 334.6 375.8 309.4 236.5 337.9 209.5 163.3 451.0 393.0 362.1 303.7 279.0 287.4 260.7 256.1 188.4 153.5 128.4 105.9 88.4 85.7 71.5
Operating Expenses 9,467 9,951 9,056 8,729 7,871 6,604 6,249 5,851 5,354 4,505.0 4,263.1 4,039.6 3,811.6 3,244.1 2,739.7 2,480.1 2,139.8 2,371.1 2,217.7 1,994.0 1,791.2 1,577.1 1,313.7 1,309.6 1,285.2 1,265.3 943.1 801.7 665.8 529.8 414.8 403.7 354.4
Operating Income
Operating Income 4,561 2,643 2,280 2,022 1,791 1,052 1,375 1,311 925 811.9 814.6 715.9 593.9 467.9 450.7 356.1 236.4 386.9 392.2 342.1 248.0 204.1 138.3 131.5 157.5 204.7 137.5 150.2 160.5 108.5 74.4 67.2 80.2
Interest Expense 1,847 2,102 1,373 305 150 178 283 202 154 116.1 106.1 104.1 110.4 91.4 65.8 62.9 57.0 392.2 499.7 296.7 117.8 48.5 45.6 76.3 228.4 228.7 151.5 131 101.3 83.5 64.8 36.2 17.2
Interest Income 3,994 4,232 3,748 1,508 823 1,000 1,281 1,044 802 640.4 543.3 480.9 473.6 453.3 392.3 370.9 443.6 724.1 727.0 470.0 245.6 134.8 127.7 159.8 334.4 345.7 229.8 202.3 155.7 126.5 97.2 58.5 33.6
Profitability
EBITDA 4,756 2,822 2,445 2,167 1,925 1,171 1,487 1,410 1,009 884.3 882.9 780.1 660.3 519.4 491.1 395.7 271.0 414.8 414.9 361.2 265.8 220.9 156.6 154.3 188.7 228.5 157.5 167 173.8 119.8 84.1 74.2 85.2
EBIT 4,561 2,643 2,280 2,022 1,791 1,052 1,375 1,311 925 811.9 814.6 715.9 593.9 467.9 450.7 356.1 236.4 386.9 392.2 342.1 248.0 204.1 138.3 131.5 157.5 204.7 137.5 150.2 160.5 108.5 74.4 67.2 80.2
Income Before Tax 2,714 2,643 2,280 2,022 1,791 1,052 1,375 1,311 925 811.9 814.6 715.9 593.9 467.9 450.7 356.1 236.4 386.9 392.2 342.1 248.0 204.1 138.3 131.5 157.5 204.7 137.5 150.2 160.5 108.5 74.4 67.2 80.2
Income Tax Expense 579 575 541 513 388 234 341 454 289 271.3 296.0 267.8 197.0 175.7 182.9 133.6 96.0 151.8 141.8 127.7 96.9 76.5 52.0 52.2 61.1 79.5 52.4 57.5 61.6 42.5 28.3 25.1 30.9
Net Income 2,135 2,068 1,739 1,509 1,403 818 1,034 857 636 529.4 502.1 480.2 367.2 295.9 278.4 228.3 152.8 235.1 250.4 214.3 151.0 127.6 86.3 79.3 96.4 125.2 85.1 92.7 98.9 66 46.1 42.1 49.3
Per Share Data
EPS (Basic) 10.53 9.94 8.16 7.16 6.81 3.96 4.88 3.93 2.96 2.48 2.34 2.29 1.76 1.48 1.47 1.28 0.87 1.35 1.45 1.27 0.91 0.77 0.53 0.48 0.60 0.80 0.53 0.57 0.62 0.41 0.29 0.26 0.30
EPS (Diluted) 10.30 9.70 7.97 6.98 6.63 3.89 4.78 3.84 2.89 2.44 2.29 2.21 1.72 1.47 1.46 1.27 0.87 1.32 1.41 1.23 0.89 0.76 0.52 0.47 0.59 0.79 0.52 0.55 0.61 0.41 0.29 0.26 0.30
Shares Outstanding 202 207.1 211.8 209.9 205.7 206.4 211.5 217.9 214.9 212.7 213.8 209.9 206.6 196.2 183.7 179.0 175.8 174.6 173.4 168.9 165.3 165.1 163.9 164.3 160.7 156.2 160.7 162.5 159.5 159.7 157.2 161.3 164.6
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 11,389 10,998 9,313 6,178 7,201 5,390 3,957 3,500 3,669.7 1,895.8 2,306.1 3,207.5 528.8 734.6 469.5 458.5 305.5 250.9 1,243.5 888.9 735.3 420.4 199.4 153.6
Short-Term Investments 6,888 8,249 9,159 9,811 8,315 8,585 4,144 3,771 3,157.0 2,043.2 2,821.4 1,358.8 329.9 1,418.2 2,365.1 296.3 121.6 181 105.9 98 124.3 74.8 169.4 63.4
Net Receivables 4,635 4,536 4,133 4,549 3,830 3,362 3,501 4,192 3,687.6 0 0 0 0 0 996.6 0 2,364.7 1,381.7 1,028.2 1,148.6 917.4 1,246.5 1,124.4 1,087.9
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets (2,032) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 21,098 24,003 22,814 20,711 19,473 17,460 11,725 11,562 10,637.5 7,530.2 7,846.7 7,911.1 2,690.7 3,638.2 3,831.2 2,323.1 2,791.8 1,813.6 2,377.6 2,135.5 1,777 1,741.7 1,493.2 1,304.9
Non-Current Assets
Property, Plant & Equipment 1,538 1,203 1,121 983 945 856 527 486.3 437.4 321.5 186.2 192.4 122.8 118.3 105.8 104.7 91.1 91.3 81.4 51.7 39.6 40.9 42.1 35.2
Goodwill 1,451 1,451 1,437 1,422 660 466 464 478.3 410.7 408.1 62.6 62.6 62.6 62.6 996.6 0 2,364.7 0 0 0 0 0 0 0
Intangible Assets 396 435 470 509 222 134 147 161 82.5 95.0 0 0 0 0 0 64.8 0 1,381.7 0 0 0 0 0 0
Long-Term Investments 390 47,718 45,475 44,857 26,663 23,333 22,907 21,582.6 18,992.5 17,450.0 7,664.6 8,122.8 208.0 241.3 353.3 2,037.7 1,212.6 1,503.1 385.7 313.3 208.9 126.1 96.2 55
Other Non-Current Assets 61,510 7,531 6,332 11,839 13,623 4,971 2,829 2,940.4 4,009.5 5,360.3 2,310.3 4,311.9 4,537.8 2,851.2 1,687.5 1,841.7 2,180.9 1,587.8 1,008 778.1 540.9 104 66.8 52.5
Total Non-Current Assets 67,132 58,989 55,546 60,240 42,418 30,022 27,105 25,851 24,246.0 23,956.8 10,380.0 12,798.5 4,931.2 3,273.4 2,209.1 4,048.9 3,517.0 3,217.1 1,475.1 1,143.1 789.4 271 205.1 142.7
Total Assets 88,230 82,992 78,360 80,951 61,891 47,482 38,830 37,413 34,883.5 31,487.0 18,070.3 20,623.1 7,548.3 6,911.6 6,040.3 6,372.1 6,308.8 5,030.7 3,852.7 3,278.6 2,566.4 2,012.7 1,698.3 1,447.6
Current Liabilities
Account Payables 5,853 5,825 5,447 11,446 13,991 6,792 4,361 5,831 5,584.5 6,750.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Short-Term Debt 325 938 337 466 277 250 150 186 830.9 193.5 102.8 122.7 122.3 71.4 63.4 65.4 29.7 33.4 30.8 55.3 57.2 17.4 33 16.3
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 59,788 56,986 54,915 52,193 32,671 27,041 22,577 20,177 17,953.8 14,582.6 0 8,774.5 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 65,966 63,749 60,699 64,105 46,939 34,083 27,088 26,194 24,369.3 21,526.9 433.6 9,243.0 122.3 71.4 63.4 65.4 29.7 33.4 30.8 55.3 57.2 17.4 33 16.3
Non-Current Liabilities
Long-Term Debt 4,220 3,089 3,139 3,329 2,895 2,933 2,444 2,449 2,452.9 2,289.2 1,428.3 2,314.8 136.4 167.2 149.6 162.4 132.5 201.5 44.8 14.2 24.9 13.1 13.2 13.4
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 5,540 4,487 4,335 4,085 3,754 2,945 2,655 2,318 2,368.0 2,608.1 14,131.7 7,030.6 6,276.6 5,748.3 4,987.7 5,373.3 5,496.1 4,237.3 3,267.2 2,785.8 2,157.7 1,716 1,424.6 1,212.3
Total Non-Current Liabilities 9,760 7,576 7,474 7,414 6,649 6,223 5,099 4,767 4,820.8 4,897.1 15,560.0 9,345.4 6,413.0 5,915.5 5,137.3 5,535.8 5,628.6 4,438.8 3,312 2,800 2,182.6 1,729.1 1,437.8 1,225.7
Total Liabilities 75,726 71,325 68,173 71,519 53,588 40,306 32,187 30,961 29,190.1 26,424 15,837.2 18,501.9 6,461.7 5,986.9 5,200.7 5,601.2 5,658.3 4,472.2 3,342.8 2,855.3 2,239.8 1,746.5 1,470.8 1,242
Stockholders' Equity
Common Stock 3 2 2 2 2 2 2 1.6 1.5 1.5 4.4 1.2 0.8 0.5 0.5 0.5 0.5 0.5 0 0 0 0 0 0
Retained Earnings 13,604 11,894 10,213 8,843 7,633 6,484 5,874 5,033.1 4,340.1 3,834.8 1,737.6 1,639.7 957.3 850.7 782.0 721.2 642.2 530.9 459.1 378 289.1 231 192.3 156.9
Accumulated Other Comprehensive Income (396) (502) (971) (982) (41) 11 (23) (26.9) (15.2) (55.7) (38.6) (34.0) 9.4 7.1 (10,157) (0.5) (1.6) (1.1) 0.1 0.3 (0.8) (46) 0 0
Total Stockholders' Equity 12,503 11,673 10,214 9,458 8,245 7,114 6,581 6,368.5 5,581.7 4,916.5 2,032.5 1,883.9 1,065.2 924.7 839.6 770.9 650.5 558.5 509.9 423.3 326.6 266.2 227.5 205.6
Total Liabilities & Equity 88,230 82,992 78,360 80,951 61,891 47,482 38,830 37,413 34,883.5 31,487.0 18,070.3 20,623.1 7,621.8 6,911.6 6,040.3 6,372.1 6,308.8 5,030.7 3,852.7 3,278.6 2,566.4 2,012.7 1,698.3 1,447.6
Debt Metrics
Total Debt 4,545 4,027 3,476 3,795 3,172 3,528 2,594 2,635 3,283.8 2,482.5 1,531.0 2,437.5 258.7 238.6 213.0 227.8 162.2 234.9 75.6 69.5 82.1 30.5 46.2 29.7
Net Debt (6,844) (6,971) (5,837) (2,383) (4,029) (1,862) (1,363) (865) (385.9) 832.0 (775.0) (770.0) (270.1) (496.0) (256.5) (230.6) (143.3) (16) (1,167.9) (819.4) (653.2) (389.9) (153.2) (123.9)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 2,135 2,068 1,739 1,509 1,403 818 1,034 850.9 636.2 506.1 151.0 127.6 86.3 79.3 96.4 125.2 85.1 92.7 98.9 66 46.1 42.1 49.3
Depreciation & Amortization 195 179 165 145 134 119 112 98.7 84.1 72.4 17.8 16.8 18.3 22.8 31.3 23.9 20 16.8 13.3 11.3 9.7 7 5
Stock-Based Compensation 254 254 237 192 132 120 112 99 109 78.5 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 95 4 (5,773) (2,148) 5,011 2,684 (823) (253) (1,031) (1,108.1) 197.6 (286.3) (58.9) (91.2) 98.7 (229.7) 156 348.7 196.2 318.8 201.5 173.5 (37.6)
Other Non-Cash Items (193) (267) 206 390 4 371 165 (35) 89 (98.0) 58.8 47.1 160.1 59.3 (52.4) (25.8) (3.9) (0.8) (5.2) (1.4) 1.6 (81.2) (45.1)
Operating Cash Flow 2,434 2,155 (3,514) 72 6,647 4,073 577 884 (125) (518.3) 434.1 (183.1) 191.2 54.2 180.5 (111.1) 250 448.3 300 394.5 258.5 138.7 (30.4)
Investing Activities
Capital Expenditure (188) (205) (173) (91) (74) (124) (138) (134) (190) (121.7) (30.2) (22.0) (28.8) (26.4) (27.1) (20.3) (20.5) (45.8) (25.5) (10.1) (9.6) (14.7) (15.2)
Acquisitions 0 0 0 1,461 (266) (5) (5) (159.2) 0 (175.3) 30.2 22.0 28.8 0 0 20.3 (67.6) 0 25.5 10.1 0 0 0
Purchases of Investments (675) (545) (712) (3,069) (4,218) (5,710) (1,027) (1,124) (1,733) (463.2) (60.5) (66.0) (98.3) (251.9) (170.0) (141.8) (216.7) (190.2) (178.8) (167.5) (101) (63.3) (3.6)
Sales/Maturities of Investments 2,054 2,030 1,262 1,788 3,177 1,415 644 540 393 107.0 80.9 98.7 208.0 266.3 202.9 141.6 198.2 117.8 71.9 93.3 52 5.1 2.8
Other Investing Activities (5,512) (2,248) (651) (7,240) (3,759) (561) (1,371) (2,599) (1,846) (2,264.7) (359.8) (126.7) 0 0 (48.5) 0 (0.1) (0.1) 0 0 0.9 0.8 0.3
Investing Cash Flow (4,321) (968) (274) (7,151) (5,140) (4,985) (1,897) (3,476) (3,376) (2,917.9) (424.7) 10.7 80.9 (12.0) (42.6) (20.4) (106.7) (118.3) (132.4) (84.3) (57.7) (72.1) (15.7)
Financing Activities
Net Debt Issuance 1,132 (50) (191) 58 (138) 489 (5) (615) 726 447.8 81.3 13.4 17.6 (12.9) 25.4 (69.0) 2.3 30.6 (10.7) 9.3 (0.2) 2.9 (0.1)
Stock Repurchased (1,267) (984) (862) (216) (150) (291) (778) (62) (34) (162.5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (416) (383) (355) (277) (218) (205) (191) (151) (127) (113.4) (26.3) (20.7) (17.6) (18.5) (17.4) (13.9) (13.3) (11.6) (9.9) (7.9) (7.4) (6.7) (2.8)
Other Financing Activities 2,881 1,855 2,886 6,314 5,738 4,581 2,347 2,248 3,500 2,368.6 330.8 2.2 0 0 0 0 0.1 0 0 0 0.1 (0.1) 0
Financing Cash Flow 2,361 438 1,438 5,879 5,232 4,574 1,373 1,420 4,065 2,540.5 408.8 7.7 (17.3) (28.5) 17.6 (102.0) (33.4) 24.2 (14.1) 4.7 (7.7) (20.3) (4.8)
Cash Position
Net Change in Cash 439 1,800 (2,111) (1,790) 6,815 3,663 30 (1,205) 611 (950.6) 398.8 (225.4) 265.1 11.0 153.2 (234.3) 110.3 354.7 153.5 (420.4) (227.2) (153.2) (204.6)
Cash at Beginning 14,348 12,548 14,659 16,449 9,634 5,971 5,941 7,146 6,535 2,601.0 528.8 707.8 469.5 458.5 305.3 1,353.8 1,243.5 888.8 735.3 420.4 227.2 153.2 204.6
Cash at End 14,787 14,348 12,548 14,659 16,449 9,634 5,971 5,941 7,146 1,650.5 881.1 482.3 734.6 469.5 458.5 1,119.5 1,353.8 1,243.5 721.2 425.1 219.5 132.9 199.8
Free Cash Flow 2,246 1,950 (3,687) (19) 6,573 3,949 439 750 (315) (640.1) 403.9 (205.1) 162.4 27.8 153.4 (131.3) 229.5 402.5 274.5 384.4 248.9 124 (45.6)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 15,912 14,741 12,841 11,156 9,780 8,067 7,929 7,384 6,446 5,461.2 5,207.4 4,873.2 4,518.4 3,829.3 3,289.9 2,979.5 2,602.5 3,204.9 3,109.6 2,632.8 2,157.0 1,829.8 1,497.6 1,517.4 1,671.0 1,698.6 1,232.1 1,082.9 927.6 721.8 554 507.1 451.8
Gross Profit 14,028 12,594 11,336 10,751 9,662 7,656 7,624 7,162 6,279 5,317.0 5,077.7 4,755.5 4,405.5 3,712.0 3,190.4 2,836.3 2,376.2 2,758.0 2,609.9 2,336.1 2,039.2 1,781.3 1,452.0 1,441.1 1,442.6 1,469.9 1,080.6 951.9 826.3 638.3 489.2 470.9 434.6
Operating Income 4,561 2,643 2,280 2,022 1,791 1,052 1,375 1,311 925 811.9 814.6 715.9 593.9 467.9 450.7 356.1 236.4 386.9 392.2 342.1 248.0 204.1 138.3 131.5 157.5 204.7 137.5 150.2 160.5 108.5 74.4 67.2 80.2
Net Income 2,135 2,068 1,739 1,509 1,403 818 1,034 857 636 529.4 502.1 480.2 367.2 295.9 278.4 228.3 152.8 235.1 250.4 214.3 151.0 127.6 86.3 79.3 96.4 125.2 85.1 92.7 98.9 66 46.1 42.1 49.3
EPS (Diluted) 10.30 9.70 7.97 6.98 6.63 3.89 4.78 3.84 2.89 2.44 2.29 2.21 1.72 1.47 1.46 1.27 0.87 1.32 1.41 1.23 0.89 0.76 0.52 0.47 0.59 0.79 0.52 0.55 0.61 0.41 0.29 0.26 0.30
Balance Sheet
Cash & Equivalents 11,389 10,998 9,313 6,178 7,201 5,390 3,957 3,500 3,669.7 1,895.8 2,306.1 3,207.5 528.8 734.6 469.5 458.5 305.5 250.9 1,243.5 888.9 735.3 420.4 199.4 153.6
Total Assets 88,230 82,992 78,360 80,951 61,891 47,482 38,830 37,413 34,883.5 31,487.0 18,070.3 20,623.1 7,548.3 6,911.6 6,040.3 6,372.1 6,308.8 5,030.7 3,852.7 3,278.6 2,566.4 2,012.7 1,698.3 1,447.6
Total Debt 4,545 4,027 3,476 3,795 3,172 3,528 2,594 2,635 3,283.8 2,482.5 1,531.0 2,437.5 258.7 238.6 213.0 227.8 162.2 234.9 75.6 69.5 82.1 30.5 46.2 29.7
Stockholders' Equity 12,503 11,673 10,214 9,458 8,245 7,114 6,581 6,368.5 5,581.7 4,916.5 2,032.5 1,883.9 1,065.2 924.7 839.6 770.9 650.5 558.5 509.9 423.3 326.6 266.2 227.5 205.6
Cash Flow
Operating Cash Flow 2,434 2,155 (3,514) 72 6,647 4,073 577 884 (125) (518.3) 434.1 (183.1) 191.2 54.2 180.5 (111.1) 250 448.3 300 394.5 258.5 138.7 (30.4)
Capital Expenditure (188) (205) (173) (91) (74) (124) (138) (134) (190) (121.7) (30.2) (22.0) (28.8) (26.4) (27.1) (20.3) (20.5) (45.8) (25.5) (10.1) (9.6) (14.7) (15.2)
Free Cash Flow 2,246 1,950 (3,687) (19) 6,573 3,949 439 750 (315) (640.1) 403.9 (205.1) 162.4 27.8 153.4 (131.3) 229.5 402.5 274.5 384.4 248.9 124 (45.6)