Raymond James Financial (RJF) Operating Expenses (2009 - 2026)
Raymond James Financial posted quarterly Operating Expenses of $3.1 billion for Q1 2026, up 14.35% year-on-year from $2.7 billion in Q1 2025, and up 3.89% on a QoQ basis from $3.0 billion in Q4 2025.
Raymond James Financial (RJF) has 18 years of Operating Expenses data on file, last reported at $3.1 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 14.35% year-over-year to $3.1 billion; the trailing twelve-month figure through Mar 2026 stood at $12.0 billion (up 10.7% YoY), and the FY2025 full-year result was $11.4 billion, up 11.52% from the prior year.
- Operating Expenses for Q1 2026 stood at $3.1 billion, up from $3.0 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $3.1 billion in Q1 2026 and bottomed at $2.1 billion in Q4 2022.
- The 5-year median for Operating Expenses is $2.5 billion (2024), against an average of $2.6 billion.
- The widest annual swing landed in 2022, when Operating Expenses dropped 4.0%; it then climbed 17.0% in 2024.
- A 5-year view of Operating Expenses shows it stood at $2.1 billion in 2022, then rose by 11.67% to $2.4 billion in 2023, then rose by 17.0% to $2.8 billion in 2024, then advanced by 7.86% to $3.0 billion in 2025, then increased by 3.89% to $3.1 billion in 2026.
- The last three Operating Expenses figures came in at $3.1 billion (Q1 2026), $3.0 billion (Q4 2025), and $3.0 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 3.88 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 2.26 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 3.87 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 733.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 4.68 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 2.81 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 3.67 Bn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 1.51 Bn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 1.17 Bn |
| 10 | Raymond James Financial | 28.62 Bn | 17.38 Bn | - | 3.12 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.12 Bn |
| Dec 31, 2025 | 3.01 Bn |
| Sep 30, 2025 | 3.00 Bn |
| Jun 30, 2025 | 2.84 Bn |
| Mar 31, 2025 | 2.73 Bn |
| Dec 31, 2024 | 2.79 Bn |
| Sep 30, 2024 | 2.70 Bn |
| Jun 30, 2024 | 2.58 Bn |
| Mar 31, 2024 | 2.51 Bn |
| Dec 31, 2023 | 2.38 Bn |
| Sep 30, 2023 | 2.47 Bn |
| Jun 30, 2023 | 2.42 Bn |
| Mar 31, 2023 | 2.32 Bn |
| Dec 31, 2022 | 2.13 Bn |
| Sep 30, 2022 | 2.22 Bn |
| Jun 30, 2022 | 2.30 Bn |
| Mar 31, 2022 | 2.24 Bn |
| Dec 31, 2021 | 2.22 Bn |
| Sep 30, 2021 | 2.14 Bn |
| Jun 30, 2021 | 2.09 Bn |
| Mar 31, 2021 | 1.93 Bn |
| Dec 31, 2020 | 1.82 Bn |
| Sep 30, 2020 | 1.82 Bn |
| Jun 30, 2020 | 1.64 Bn |
| Mar 31, 2020 | 1.83 Bn |
| Dec 31, 2019 | 1.65 Bn |
| Sep 30, 2019 | 1.67 Bn |
| Jun 30, 2019 | 1.59 Bn |
| Mar 31, 2019 | 1.51 Bn |
| Dec 31, 2018 | 1.60 Bn |
| Sep 30, 2018 | 1.55 Bn |
| Jun 30, 2018 | 1.52 Bn |
| Mar 31, 2018 | 1.48 Bn |
| Dec 31, 2017 | 1.42 Bn |
| Sep 30, 2017 | 1.41 Bn |
| Jun 30, 2017 | 1.35 Bn |
| Mar 31, 2017 | 1.40 Bn |
| Dec 31, 2016 | 1.29 Bn |
| Sep 30, 2016 | 1.22 Bn |
| Jun 30, 2016 | 1.15 Bn |
| Mar 31, 2016 | 1.12 Bn |
| Dec 31, 2015 | 1.10 Bn |
| Sep 30, 2015 | 1.11 Bn |
| Jun 30, 2015 | 1.12 Bn |
| Mar 31, 2015 | 1.11 Bn |
| Dec 31, 2014 | 1.05 Bn |
| Sep 30, 2014 | 1.08 Bn |
| Jun 30, 2014 | 1.04 Bn |
| Mar 31, 2014 | 1.03 Bn |
| Dec 31, 2013 | 1.00 Bn |
| Sep 30, 2013 | 964.77 Mn |
| Jun 30, 2013 | 980.64 Mn |
| Mar 31, 2013 | 983.79 Mn |
| Dec 31, 2012 | 962.32 Mn |
| Sep 30, 2012 | 948.23 Mn |
| Jun 30, 2012 | 948.22 Mn |
| Mar 31, 2012 | 764.04 Mn |
| Dec 31, 2011 | 678.13 Mn |
| Sep 30, 2011 | 699.10 Mn |
| Jun 30, 2011 | 769.31 Mn |
| Mar 31, 2011 | 727.82 Mn |
| Dec 31, 2010 | 687.08 Mn |
| Sep 30, 2010 | 648.41 Mn |
| Jun 30, 2010 | 652.03 Mn |
| Mar 31, 2010 | 640.23 Mn |
| Dec 31, 2009 | 619.85 Mn |
| Sep 30, 2009 | 610.33 Mn |
| Jun 30, 2009 | 552.78 Mn |