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Get filing alertsRaymond James reports record Q3 FY2026: net revenues $3.93B (+16% YoY), EPS $3.01 (+42% YoY)
Filed July 22, 2026 · Period ending July 22, 2026 · ~2 min read
Key Changes
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Net revenues reached record $3.93 billion (up 16% YoY, 2% QoQ); net income $595 million or $3.01 per diluted share (up 42% YoY, 11% QoQ), driven by asset management fee growth to ~$2.1 billion.
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Client assets under administration hit record $1.92 trillion (up 17% YoY); Private Client Group fee-based assets reached record $1.15 trillion (up 22% YoY); domestic PCG net new assets $21.7 billion (5.5% annualized growth).
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Completed Clark Capital acquisition April 30, 2026, adding $36 billion in financial AUM and $11 billion non-discretionary assets; total financial AUM reached record $345 billion (up 31% YoY, 22% QoQ).
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Bank segment net loans reached record $56.2 billion (up 13% YoY, 3% QoQ), with securities-based loans $24.8 billion (up 34% YoY, 8% QoQ); pre-tax income $206 million (up 67% YoY) included $26 million credit loss benefit.
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Returned $506 million to shareholders: $400 million in buybacks (2.6 million shares at $152 average) and $106 million in dividends; $1.1 billion remains under repurchase authorization.
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Summary
Raymond James delivered record fiscal third quarter 2026 results across revenue, earnings, and client asset metrics. Net revenues of $3.93 billion and diluted EPS of $3.01 represented 16% and 42% year-over-year growth respectively, reflecting strong performance across all business segments.
The Private Client Group drove results with $21.7 billion in domestic net new assets and record fee-based account assets of $1.15 trillion, up 22% year-over-year, demonstrating continued client preference for advisory relationships and successful advisor recruitment.
The April 30, 2026 acquisition of Clark Capital Management Group meaningfully expanded the Asset Management segment, contributing $36 billion in financial assets under management and helping drive segment revenues up 24% year-over-year to a record $362 million. The Bank segment also posted strong results with net loans growing 13% to a record $56.2 billion and pre-tax income surging 67% to $206 million, aided by a $26 million credit loss benefit that suggests improving credit quality. The company maintained a robust capital position with an 11.7% Tier 1 leverage ratio and $2.5 billion in corporate cash while returning $506 million to shareholders through buybacks and dividends. With $1.1 billion remaining under its repurchase authorization and continued momentum in client asset gathering, Raymond James appears well-positioned for sustained growth.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Raymond James disclosed fiscal Q3 2026 results ended June 30, 2026 via press release and supplemental materials.
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On July 22, 2026, Raymond James Financial, Inc. (the “Company”) issued a press release disclosing its results for the fiscal third quarter ended June 30, 2026.
Raymond James announced its fiscal third quarter 2026 financial results for the period ended June 30, 2026. The 8-K itself does not contain quantitative results; those appear in the attached press release and supplemental exhibits.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Record financial assets under management of $345 billion, up 31% over June 2025 and 22% over March 2026, including $36 billion from the acquisition of Clark Capital ... completed in the quarter ... On April 30, 2026, we completed our acquisition of Clark Capital Management Group, Inc. (“Clark Capital”), which has been integrated into our Asset Management segment. As of the acquisition date, Clark Capital contributed $36 billion of financial assets under management and $11 billion of non-discretionary assets, representing total client assets of $47 billion.
Raymond James completed the acquisition of Clark Capital Management Group on April 30, 2026, adding $36 billion in financial assets under management and $11 billion in non-discretionary assets. This contributed to record total financial assets under management of $345 billion, up 31% year-over-year. The Asset Management segment generated record quarterly net revenues of $362 million, up 24% year-over-year.
Event · Exhibit 99.2
Raymond James reported Q3 FY2026 results: net income $595M (+36% YoY), EPS $3.01 (+42% YoY), record client assets $1.92T (+17% YoY).
Added in current filing · view on EDGAR →
Net income available to common shareholders $ 435 $ 603 $ 562 $ 542 $ 595 37 % 10 % $ 1,527 $ 1,699 11 % Earnings per common share – basic (2) $ 2.16 $ 3.03 $ 2.85 $ 2.76 $ 3.06 42 % 11 % $ 7.51 $ 8.67 15 % Earnings per common share – diluted (2) $ 2.12 $ 2.95 $ 2.79 $ 2.72 $ 3.01 42 % 11 % $ 7.35 $ 8.52 16 %
For the fiscal third quarter ended June 30, 2026, Raymond James reported net income available to common shareholders of $595 million, up 37% from $435 million in the prior-year quarter. Diluted earnings per share were $3.01, up 42% from $2.12 a year earlier. For the nine months ended June 30, 2026, net income was $1.699 billion and diluted EPS was $8.52, up 11% and 16% respectively from the prior-year period.
Added in current filing · view on EDGAR →
Total revenues 3,842 4,190 4,176 4,262 4,362 14 % 2 % 11,722 12,800 9 % Interest expense (444) (463) (441) (403) (434) (2) % 8 % (1,384) (1,278) (8) % Net revenues 3,398 3,727 3,735 3,859 3,928 16 % 2 % 10,338 11,522 11 %
Total revenues for Q3 FY2026 were $4.362 billion, up 14% year-over-year, while net revenues (after interest expense) were $3.928 billion, up 16% from the prior-year quarter. For the nine-month period, net revenues reached $11.522 billion, an 11% increase from $10.338 billion in the prior-year period, driven by growth across asset management fees, brokerage revenues, and investment banking.
Added in current filing · view on EDGAR →
Client assets under administration $ 1,637.1 $ 1,730.6 $ 1,773.1 $ 1,762.9 $ 1,922.4 17 % 9 % Private Client Group assets under administration $ 1,574.2 $ 1,666.5 $ 1,708.5 $ 1,699.0 $ 1,856.5 18 % 9 % Private Client Group assets in fee-based accounts $ 943.9 $ 1,008.1 $ 1,040.1 $ 1,043.2 $ 1,153.8 22 % 11 % Financial assets under management (9) $ 263.2 $ 274.9 $ 280.8 $ 282.4 $ 345.0 31 % 22 %
Client assets under administration reached a record $1.922 trillion as of June 30, 2026, up 17% from $1.637 trillion a year earlier. Private Client Group assets in fee-based accounts grew 22% to $1.154 trillion. Financial assets under management surged 31% to $0.0M, reflecting the April 30, 2026 acquisition of Clark Capital Management Group, which contributed $36 billion of financial assets under management at closing.
Added in current filing · view on EDGAR → · paraphrased
Pre-tax income $ 123 $ 133 $ 173 $ 166 $ 206 67 % 24 % $ 358 $ 545 52 % Total assets $ 63.6 $ 65.3 $ 66.7 $ 69.0 $ 70.1 10 % 2 % Bank deposits $ 57.2 $ 58.9 $ 60.2 $ 62.4 $ 63.3 11 % 1 % Total loans held for investment 50,050 51,603 53,715 55,075 56,491 13 % 3 %
The Bank segment reported pre-tax income of $206 million for Q3 FY2026, up 67% from $123 million in the prior-year quarter. Total Bank assets grew 10% to $70.1 billion, with deposits up 11% to $63.3 billion and total loans held for investment up 13% to $56.5 billion. The segment recorded a $26 million benefit for credit losses in Q3 FY2026, compared to a $15 million provision in the prior-year quarter.
Event · Exhibit 99.3
Raymond James reported Q3 FY2026 earnings with record net revenues of $3.9B, diluted EPS of $3.01, and returned $506M to shareholders via dividends and buybacks.
Added in current filing · view on EDGAR →
Net revenues 3,928 16% 2% ... Pre-tax income 750 33% 2% ... Net income available to common shareholders 595 37% 10% ... Earnings per common share — diluted 3.01 42% 11%
Raymond James reported net revenues of $1.1 billion for the three months ended June 30, 2026, up 16% year-over-year and 2% sequentially. Pre-tax income was $750 million, up 33% year-over-year and 2% sequentially. Net income available to common shareholders was $595 million, up 37% year-over-year and 10% sequentially. Diluted earnings per share were $3.01, up 42% year-over-year and 11% sequentially. The company achieved a 19.1% pre-tax margin and 18.8% annualized return on common equity.
Added in current filing · view on EDGAR →
$400M Common share repurchases ... $106M Common stock dividends ... Number of Shares Repurchased* (millions) ... 2.6 ... Average Share Price of Shares Repurchased* ... $152
Raymond James returned $506 million to common shareholders during the quarter through $400 million in share repurchases and $106 million in dividends. The company repurchased 2.6 million shares at an average price of $152 per share. Over the past five quarters, the company has returned $2.53 billion to shareholders. As of June 30, 2026, $1.1 billion remains under the current $2.0 billion common stock repurchase authorization approved on December 3, 2025.
Added in current filing · view on EDGAR →
11.7% Tier 1 leverage ratio ... $2.5B RJF corporate cash ... $56.2B Bank loans, net
Raymond James maintained an estimated Tier 1 leverage ratio of 11.7% as of June 30, 2026. RJF corporate cash, which includes cash and cash equivalents held directly at the parent company as well as cash loaned by the parent company to Raymond James & Associates, totaled $2.5 billion. Bank loans, net, were $56.2 billion. The company's capital position remains strong to support growth and client needs.
Added in current filing · view on EDGAR →
Private Client Group 2,841 14% 1% ... Capital Markets 477 25% 3% ... Asset Management 362 24% 11% ... Bank 488 7% —%
Segment net revenues for Q3 FY2026 showed broad-based growth. Private Client Group revenues were $2,841 million, up 14% year-over-year. Capital Markets revenues were $477 million, up 25% year-over-year. Asset Management revenues were $362 million, up 24% year-over-year. Bank segment revenues were $488 million, up 7% year-over-year. All segments contributed to the record consolidated results.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 23, 2026 · How we verify