Raymond James Financial (RJF) Operating Expenses (2009 - 2026)
Raymond James Financial's (RJF) quarterly Operating Expenses came in at $3.1 billion in Q1 2026, up 14.35% YoY 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) Operating Expenses (2009 - 2026) Analysis & Trends
Raymond James Financial (RJF) has 18 years of Operating Expenses data on file, last reported at $3.1 billion in Q1 2026.
- Quarterly Operating Expenses rose 14.35% year-over-year to $3.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $12.0 billion (up 10.7% YoY) and the FY2025 annual result came in at $11.4 billion, up 11.52% from the prior year.
- Operating Expenses climbed to $3.1 billion in Q1 2026, from $3.0 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $3.1 billion in Q1 2026 to a low of $2.1 billion in Q4 2022.
- A 5-year average of $2.6 billion and a median of $2.5 billion in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses dropped 4.0% — and 2024, when it climbed 17.0%.
- Tracing RJF's Operating Expenses over 5 years: stood at $2.1 billion in 2022, then increased by 11.67% to $2.4 billion in 2023, then increased by 17.0% to $2.8 billion in 2024, then gained by 7.86% to $3.0 billion in 2025, then grew 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 4.62 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 5.41 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.64 Bn |
| 10 | Raymond James Financial | 33.40 Bn | 20.15 Bn | - | 3.18 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.18 Bn |
| 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 |