Raymond James Financial Inc.
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Raymond James Financial Inc. (RJF). It shows which part of the business is growing — and which one is holding it back.
Revenue by product line
| Segment | Q4 2024 | Q1 2026 | Q2 2026 |
|---|---|---|---|
| Asset management and related administrative fees | $1.74B 43.3% | $2.02B 47.0% | $2.08B 47.3% |
| Subtotal securities commissions | $440.0M 10.9% | $507.0M 11.8% | $503.0M 11.5% |
| Total account and service fees | $342.0M 8.5% | $311.0M 7.2% | $316.0M 7.2% |
| Total investment banking | $325.0M 8.1% | $279.0M 6.5% | $291.0M 6.6% |
| Equities, exchange-traded funds (“ETFs”) and fixed income products | $168.0M 4.2% | $197.0M 4.6% | $188.0M 4.3% |
| Brokerage Revenue, Securities Commissions, Mutual And Other Fund Products [Member] | $154.0M 3.8% | $178.0M 4.1% | $173.0M 3.9% |
| Mutual fund and other investment products | $130.0M 3.2% | $155.0M 3.6% | $153.0M 3.5% |
| Merger & acquisition and advisory | $226.0M 5.6% | $139.0M 3.2% | $147.0M 3.4% |
| Insurance and annuity products | $118.0M 2.9% | $132.0M 3.1% | $142.0M 3.2% |
| RJBDP fees | $144.0M 3.6% | $93.0M 2.2% | $98.0M 2.2% |
| Debt underwriting | $56.0M 1.4% | $77.0M 1.8% | $85.0M 1.9% |
| Client account and other fees | $68.0M 1.7% | $63.0M 1.5% | $65.0M 1.5% |
| Equity underwriting | $43.0M 1.1% | $63.0M 1.5% | $59.0M 1.3% |
| Other | $39.0M 1.0% | $53.0M 1.2% | $57.0M 1.3% |
| Affordable housing investments business revenues | $29.0M 0.7% | $28.0M 0.7% | $35.0M 0.8% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.