The company enters fiscal 2027 with record client asset levels and a strong investment banking pipeline, but management noted geopolitical and macroeconomic uncertainties. Monitor the next quarter for continued asset management fee growth and investment banking revenue momentum.
Price Chart
Executive Summary
Raymond James Financial reported record fiscal Q4 2026 results with net revenues of $4.27B (up 15% YoY) and diluted EPS of $3.40 (up 15% YoY), both above consensus estimates of $4.24B and $3.27. Record annual net revenues of $15.79B and record diluted EPS of $11.91 were driven by strong asset management fee growth (up 23% YoY) and record PCG net new assets of $98.3B for the fiscal year.
Key Financial Metrics
Key Facts
- Record quarterly net revenues of $4.27B, up 15% YoY and 9% sequentially
- Record quarterly diluted EPS of $3.40, up 15% YoY and 13% sequentially; adjusted EPS of $3.59
- EPS of $3.40 beat consensus of $3.27 (surprise +4.0%); revenue of $4.27B beat consensus of $4.24B
- Asset management and related administrative fees grew 23% YoY to $2.31B
- Domestic PCG net new assets of $98.3B for fiscal 2026, up 88% over fiscal 2025
- Returned $1.7B of capital to shareholders in fiscal 2026 through buybacks and dividends
- Record quarter-end client assets under administration of $1.94T
- All four segments (PCG, Capital Markets, Asset Management, Bank) reported YoY revenue growth
Financial Impact
Record quarterly revenue of $4.27B and EPS of $3.40, both above consensus; annual revenue of $15.79B and EPS of $11.91, both records
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Private Client Group | $3.1B | +15.0% |
| Capital Markets | $549.0M | +7.0% |
| Asset Management | $409.0M | +30.0% |
| Bank | $483.0M | +5.0% |
Risk Factors
- Geopolitical and macroeconomic uncertainties cited by management
- Net interest margin declined 11 bps YoY to 2.60%
- Bank segment pre-tax income declined 13% sequentially
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3390798 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 2d ago | Press Release | No price | awaiting T+5 | awaiting T+5 | No price |
Oct 28, 2026 2d ago | 8-K | $161.29 | awaiting T+5 | awaiting T+5 | $157.22 (−2.52%) |
Oct 20, 2026 10d ago | Institutional Cluster | $155.69 $158.12 | ▲ +1.56% | ▲ +2.00% | $157.22 (+0.98%) |
Sep 15, 2026 6w ago | Press Release | $164.57 $158.23 | ▼ −3.85% | ▼ −5.68% | $157.22 (−4.47%) |
Aug 26, 2026 9w ago | Press Release | $176.11 $181.10 | ▲ +2.83% | ▲ +2.56% | $157.22 (−10.73%) |
Jul 29, 2026 13w ago | Insider Cluster | $174.16 $180.55 | ▲ +3.67% | ▼ −1.86% | $157.22 (−9.73%) |
Jul 22, 2026 14w ago | Press Release | $166.14 $174.97 | ▲ +5.31% | ▲ +4.84% | $157.22 (−5.37%) |
Jun 24, 2026 18w ago | 8-K | $150.52 $158.19 | ▲ +5.10% | ▲ +3.54% | $157.22 (+4.45%) |
May 27, 2026 22w ago | 8-K | $145.26 $146.54 | ▲ +0.88% | ▲ +0.41% | $157.22 (+8.23%) |
May 13, 2026 24w ago | Press Release | $155.45 $150.35 | ▼ −3.28% | ▼ −2.56% | $157.22 (+1.14%) |
US Market Status
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