Raymond James Financial (RJF) Net Margin (2009 - 2026)
Raymond James Financial (RJF) reported Net Margin of 12.72% for Q1 2026, down 177.0% on a YoY basis from 16.52% in Q1 2025, and down 5.5% quarter-over-quarter from 13.46% in Q4 2025.
Raymond James Financial (RJF) Net Margin (2009 - 2026) Analysis & Trends
Raymond James Financial has reported Net Margin for 18 years, with the latest figure at 12.72% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 177.0% year-over-year to 12.72%; the trailing twelve-month figure through Mar 2026 stood at 13.37% (down 152.0% YoY), and the FY2025 full-year result was 13.39%, down 44.0% from the prior year.
- Net Margin for Q1 2026 stood at 12.72%, down from 13.46% in the prior quarter.
- The five-year high for Net Margin was 20.17% in Q3 2023, with the low at 10.76% in Q2 2022.
- Historically, Net Margin has averaged 14.13% across 5 years, with a median of 14.39% in 2025.
- Annual changes were most pronounced in 2023 — Net Margin jumped 561 bps — and 2024, when it tumbled 515 bps.
- Raymond James Financial's Net Margin stood at 16.75% in 2022, then decreased by 16 bps to 14.12% in 2023, then gained by 5 bps to 14.85% in 2024, then retreated by 9 bps to 13.46% in 2025, then declined by 6 bps to 12.72% in 2026.
- The last three Net Margin figures came in at 12.72% (Q1 2026), 13.46% (Q4 2025), and 14.39% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 34.73% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 34.77% |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 8.45% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | -38.15% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 18.57% |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 18.73% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 37.97% |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 12.72% |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 8.40% |
| 10 | Principal Financial | 23.79 Bn | 20.28 Bn | -463.00 Mn | 35.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.72% |
| Dec 31, 2025 | 13.46% |
| Sep 30, 2025 | 14.39% |
| Jun 30, 2025 | 12.80% |
| Mar 31, 2025 | 14.49% |
| Dec 31, 2024 | 14.85% |
| Sep 30, 2024 | 15.01% |
| Jun 30, 2024 | 15.21% |
| Mar 31, 2024 | 13.03% |
| Dec 31, 2023 | 14.12% |
| Sep 30, 2023 | 20.17% |
| Jun 30, 2023 | 11.21% |
| Mar 31, 2023 | 14.79% |
| Dec 31, 2022 | 16.75% |
| Sep 30, 2022 | 14.56% |
| Jun 30, 2022 | 10.76% |
| Mar 31, 2022 | 11.91% |
| Dec 31, 2021 | 15.83% |
| Sep 30, 2021 | 15.08% |
| Jun 30, 2021 | 12.42% |