Monitor next quarter's tax rate and pre-tax income trends, as the EPS miss was driven by higher taxes despite revenue and pre-tax income beats. The strong adjusted EPS and capital return suggest underlying fundamentals remain solid.
Price Chart
Executive Summary
Raymond James Financial reported fiscal Q2 2026 results with record net revenues of $3.86 billion (13% YoY growth) and diluted EPS of $2.72, missing consensus of $2.76. Adjusted EPS was $2.83, beating expectations. Net income declined 4% sequentially due to a higher tax rate. The firm repurchased $400 million in stock.
Key Financial Metrics
Key Facts
- Record net revenues of $3.86 billion, up 13% YoY and 3% sequentially
- Diluted EPS of $2.72 vs. consensus of $2.76 (a $0.04 miss)
- Adjusted diluted EPS of $2.83, a $0.07 beat over consensus
- Net income available to common shareholders decreased 4% QoQ due to higher tax rate
- Firm repurchased $400 million in common stock at an average price of $155 per share
- Client assets under administration reached $1.76 trillion, up 15% YoY
Financial Impact
Net income of $542 million, down 4% QoQ; revenue beat but EPS miss on GAAP basis
Risk Factors
- Higher effective tax rate (26.0%) pressured net income despite revenue growth
- Sequential decline in Private Client Group pre-tax income despite revenue growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000720005-26-000046 |
| Document: 0000720005-26-000046-index.html | 0000720005-26-000046 |
| Document: 0000720005-26-000046.txt | 0000720005-26-000046 |
| 8-K Data (Synthetic) | 0000720005-26-000046 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 26, 2026 5w ago | Press Release | $176.11 $158.76 | ▼ −9.85% | ▼ −9.34% | $157.15 (−10.77%) |
Jul 29, 2026 9w ago | Insider Cluster | $174.16 $176.69 | ▲ +1.45% | ▼ −3.57% | $157.15 (−9.77%) |
Jul 22, 2026 10w ago | Press Release | $166.14 $171.98 | ▲ +3.52% | ▲ +0.21% | $157.15 (−5.41%) |
Jun 24, 2026 14w ago | 8-K | $150.52 $166.14 | ▲ +10.38% | ▲ +9.85% | $157.15 (+4.40%) |
May 27, 2026 18w ago | 8-K | $145.26 $154.79 | ▲ +6.56% | ▲ +8.85% | $157.15 (+8.18%) |
May 13, 2026 20w ago | Press Release | $155.45 $154.40 | ▼ −0.68% | ▲ +0.18% | $157.15 (+1.09%) |
Apr 22, 2026 23w ago | 8-K | $153.10 $152.07 | ▼ −0.67% | ▼ −5.31% | $157.15 (+2.64%) |
Apr 22, 2026 23w ago | Press Release | $153.10 $152.07 | ▼ −0.67% | ▼ −5.31% | $157.15 (+2.64%) |
Mar 18, 2026 28w ago | Press Release | $142.86 $151.58 | ▲ +6.10% | ▼ −1.52% | $157.15 (+10.00%) |
US Market Status
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