NYSE · RJF

Raymond James Financial, Inc.

Financial Services · Asset Management

$158.07▲ 0.23% ($0.37)at close

As of 4:00 PM ET

52-week

$138.82$182.73

Valuation

P/E Valuation

Estimated value / share · Base

$170.99

+8%

+8%vs price used $158.07

USD · Trailing earnings · Price Oct 26, 8:00 PM UTC

Price vs. estimate range

Assumption scenarios, not confidence intervals

P/E multiple: 14.6×
Earnings basis: Trailing EPS

USD · Trailing earnings · Price Oct 26, 8:00 PM UTC

P/E scenarios apply a multiple to trailing EPS. They are not editable; choose Bear, Base or Bull above.

Current P/E

13.5×

Market multiple

Fair-value P/E

14.6×

5-Year Avg P/E

Fair value / share

$170.99

P/E based estimate

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: -2.26%Income (TTM): 4.5%P/E: 31st pct

What changed

The stock fell 2.26% over the last year. Income grew 4.5% over the trailing twelve months. Operating margin moved from 20.27% to 20.82%.

What the market seems to be pricing

The stock has moved lower against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.

What would invalidate this read

Operating margin currently stands at 20.82%. A decisive move in income — currently up 4.5% — would be the clearest signal to resolve the ambiguity.

Return analysis

Company profile

Raymond James Financial, Inc. operates as a comprehensive financial services firm, extending a wide array of services to individuals, businesses, and governmental entities throughout the United States, Canada, and Europe.

CEOPaul Marone Shoukry

SectorFinancial Services

IndustryAsset Management

Employees19,500

IPO dateJul 1, 1983

https://www.raymondjames.com

Market multiples

Forward P/E—

EV/EBITDA (FY2025 year-end)5.89

Enterprise value (FY2025 year-end)$28.02B

Price / Book (Jun 2026 quarter-end)2.39

Stock splits

Sep 22, 2021↑ Forward

Every 2 shares became 3

+50%

Mar 23, 2006↑ Forward

Every 2 shares became 3

+50%

Mar 25, 2004↑ Forward

Every 2 shares became 3

+50%

Apr 3, 1998↑ Forward

Every 2 shares became 3

+50%

Apr 4, 1997↑ Forward

Every 2 shares became 3

+50%

Nov 16, 1993↑ Forward

Every 2 shares became 3

+50%

Feb 4, 1992↑ Forward

Every 2 shares became 3

+50%

Apr 22, 1991↑ Forward

Every 2 shares became 3

+50%

Profitability & growth

Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.

Income growth (Q3 FY26 YoY)-13.2%

Gross margin (TTM)N/A

Operating margin (FY2025)32.51%▲11.5ppvs FY2024

ROE (TTM to Jun 2026)18.48%▲0.8ppvs FY2025

Analyst consensus

RatingHold

Target price$178.50▲12.92%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Actuals vs estimates by quarter, or any quarter against the same one a year earlier.

Next report

Oct 28, 2026

Q4 FY26 · EPS est $3.26 · Revenue est $4.2B

Same quarter, year over year

FY26 YTD +17.3%

Each cell vs the same quarter a year earlier (the cell below) · Q1–Q3 combined $8.83 vs $7.53 · 2 of 3 quarters up

FY total

FY26

—

FY25

$10.64+5.9%

FY24

$10.05—

FY23

—

Fiscal year totals

FY25: $10.64; +5.9%
FY24: $10.05; —

SlowerFaster growth

BeatMissIn lineYear-ago cell

Q3 FY26

Reported Jul 22, 2026 · Latest

HoverTap a cell to inspect

Actual

$3.14

Beat by 7.2%

Estimate

$2.93

Street consensus

Year over year

+44.0%

vs Q3 FY25 · $2.18

Vs prior quarter

+11.0%

vs Q2 FY26 · $2.83

Price range $141.74-$159.37 · daily closes Apr 1-Jun 30

Implied at 13.2x street P/E $158.07 · street TTM EPS × current multiple

Institutional Sentiment

Raymond James Financial, Inc. · RJF

From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.

NYSE · RJF

Raymond James Financial, Inc.

Financial Services · Asset Management

$158.07▲ 0.23% ($0.37)at close

As of 4:00 PM ET

52-week

$138.82$182.73

Valuation

P/E Valuation

Estimated value / share · Base

$170.99

+8%

+8%vs price used $158.07

USD · Trailing earnings · Price Oct 26, 8:00 PM UTC

Price vs. estimate range

Assumption scenarios, not confidence intervals

P/E multiple: 14.6×
Earnings basis: Trailing EPS

USD · Trailing earnings · Price Oct 26, 8:00 PM UTC

P/E scenarios apply a multiple to trailing EPS. They are not editable; choose Bear, Base or Bull above.

Current P/E

13.5×

Market multiple

Fair-value P/E

14.6×

5-Year Avg P/E

Fair value / share

$170.99

P/E based estimate

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: -2.26%Income (TTM): 4.5%P/E: 31st pct

What changed

The stock fell 2.26% over the last year. Income grew 4.5% over the trailing twelve months. Operating margin moved from 20.27% to 20.82%.

What the market seems to be pricing

What would invalidate this read

Operating margin currently stands at 20.82%. A decisive move in income — currently up 4.5% — would be the clearest signal to resolve the ambiguity.

Return analysis

Company profile

CEOPaul Marone Shoukry

SectorFinancial Services

IndustryAsset Management

Employees19,500

IPO dateJul 1, 1983

https://www.raymondjames.com

Market multiples

Forward P/E—

EV/EBITDA (FY2025 year-end)5.89

Enterprise value (FY2025 year-end)$28.02B

Price / Book (Jun 2026 quarter-end)2.39

Stock splits

Sep 22, 2021↑ Forward

Every 2 shares became 3

+50%

Mar 23, 2006↑ Forward

Every 2 shares became 3

+50%

Mar 25, 2004↑ Forward

Every 2 shares became 3

+50%

Apr 3, 1998↑ Forward

Every 2 shares became 3

+50%

Apr 4, 1997↑ Forward

Every 2 shares became 3

+50%

Nov 16, 1993↑ Forward

Every 2 shares became 3

+50%

Feb 4, 1992↑ Forward

Every 2 shares became 3

+50%

Apr 22, 1991↑ Forward

Every 2 shares became 3

+50%

Profitability & growth

Income growth (Q3 FY26 YoY)-13.2%

Gross margin (TTM)N/A

Operating margin (FY2025)32.51%▲11.5ppvs FY2024

ROE (TTM to Jun 2026)18.48%▲0.8ppvs FY2025

Analyst consensus

RatingHold

Target price$178.50▲12.92%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Actuals vs estimates by quarter, or any quarter against the same one a year earlier.

Next report

Oct 28, 2026

Q4 FY26 · EPS est $3.26 · Revenue est $4.2B

Same quarter, year over year

FY26 YTD +17.3%

Each cell vs the same quarter a year earlier (the cell below) · Q1–Q3 combined $8.83 vs $7.53 · 2 of 3 quarters up

FY total

FY26

—

FY25

$10.64+5.9%

FY24

$10.05—

FY23

—

Fiscal year totals

FY25: $10.64; +5.9%
FY24: $10.05; —

SlowerFaster growth

BeatMissIn lineYear-ago cell

Q3 FY26

Reported Jul 22, 2026 · Latest

HoverTap a cell to inspect

Actual

$3.14

Beat by 7.2%

Estimate

$2.93

Street consensus

Year over year

+44.0%

vs Q3 FY25 · $2.18

Vs prior quarter

+11.0%

vs Q2 FY26 · $2.83

Price range $141.74-$159.37 · daily closes Apr 1-Jun 30

Implied at 13.2x street P/E $158.07 · street TTM EPS × current multiple

Institutional Sentiment

Raymond James Financial, Inc. · RJF

From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.