$RJF · RAYMOND JAMES FINANCIAL INC
Raymond James Financial reported Q4 FY2026 results with record quarterly net revenues of $4.27B (+15% YoY), record net income available to common shareholders of $666M, and record diluted EPS of $3.40. Adjusted diluted EPS was $3.59. Full-year FY2026 net revenues hit a record $15.79B (+12% YoY) with record diluted EPS of $11.91. Client assets under administration reached a record $1.94T, and the firm returned approximately $1.7B to shareholders via buybacks and dividends.
- Record quarterly net revenues of $4.27B, up 15% YoY and 9% sequentially
- Record quarterly adjusted diluted EPS of $3.59, up 15% YoY
- Record client assets under administration of $1.94T, up 12% over September 2025
- Domestic PCG net new assets of $98.3B for fiscal 2026, up 88% over fiscal 2025
- Annualized adjusted return on tangible common equity of 26.6% for Q4
Extended-hours trading shows minimal reaction at $157.42 (+0.03% vs regular close), suggesting results were largely in line with expectations despite record headline numbers across revenue, earnings, and client assets.
Sixth consecutive year of record revenue and earnings, with PCG net new assets nearly doubling to $98.3B, signals sustained organic growth momentum despite macro headwinds.
Record PCG fee-based assets of $1.16T (+15% YoY) and 88% surge in net new assets underscore the ongoing industry shift toward advisory relationships over transactional brokerage. Investment banking revenues of $361M (+17% YoY) signal a strengthening M&A pipeline.
CEO Paul Shoukry flagged "several geopolitical and macroeconomic uncertainties" entering fiscal 2027. Bank segment pre-tax income fell 13% sequentially, and firmwide net interest margin declined to 2.69% from 2.78% a year ago.