Raymond James Financial (RJF) Operating Expenses (2009 - 2026)
Raymond James Financial's (RJF) quarterly Operating Expenses came in at $3.2 billion in Q2 2026, up 12.1% on a YoY basis from $2.8 billion in Q2 2025, and up 1.73% quarter-over-quarter from $3.1 billion in Q1 2026.
Analysis
Raymond James Financial (RJF) Operating Expenses (2009 - 2026) Analysis & Trends
Raymond James Financial (RJF) has reported Operating Expenses for 18 consecutive years, with $3.2 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 12.1% year-over-year to $3.2 billion; the trailing twelve-month figure through Jun 2026 stood at $12.3 billion (up 11.29% YoY), and the FY2025 full-year result was $11.4 billion, up 11.52% from the prior year.
- Operating Expenses climbed to $3.2 billion in Q2 2026 per RJF's latest filing, from $3.1 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $3.2 billion in Q2 2026 and bottomed at $2.1 billion in Q4 2022.
- Historically, Operating Expenses has averaged $2.6 billion across 5 years, with a median of $2.5 billion in 2024.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses declined 4.0% in 2022, then grew 17.0% in 2024.
- Over 5 years, Operating Expenses stood at $2.1 billion in 2022, then gained by 11.67% to $2.4 billion in 2023, then gained by 17.0% to $2.8 billion in 2024, then climbed by 7.86% to $3.0 billion in 2025, then rose by 5.69% to $3.2 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $3.2 billion, $3.1 billion, and $3.0 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 2,119.43 Bn | 1,530.93 Bn | 30.39 Bn | 18.63 Bn |
| 2 | Morgan Stanley | 342.23 Bn | 182.09 Bn | - | 13.90 Bn |
| 3 | Goldman Sachs | 302.60 Bn | -673.74 Bn | - | 11.67 Bn |
| 4 | Mitsubishi Ufj Financial | 296.69 Bn | -87.63 Bn | 10.89 Bn | 17.50 Bn |
| 5 | Royal Bank Of Canada | 295.00 Bn | 68.16 Bn | - | 7.02 Bn |
| 6 | Wells Fargo & Company | 272.35 Bn | 70.52 Bn | - | 13.66 Bn |
| 7 | American Express | 220.11 Bn | 170.79 Bn | 17.99 Bn | 14.48 Bn |
| 8 | Banco Santander | 214.76 Bn | 222.37 Bn | 28.01 Bn | -7.44 Bn |
| 9 | Toronto Dominion Bank | 205.51 Bn | 44.18 Bn | - | 6.08 Bn |
| 10 | Raymond James Financial | 34.26 Bn | 21.09 Bn | - | 3.18 Bn |
Historic Data
Download Data
Historic 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 |