Raymond James Financial (RJF) Operating Expenses (2009 - 2026)
Raymond James Financial (RJF) posted Operating Expenses of $3.1 billion for Q1 2026, up 3.89% on a QoQ basis from $3.0 billion in Q4 2025, and up 14.35% year-over-year from $2.7 billion in Q1 2025.
Raymond James Financial (RJF) Operating Expenses (2009 - 2026) Analysis & Trends
Raymond James Financial's Operating Expenses history runs 18 years deep, the most recent figure standing at $3.1 billion for 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 was $3.1 billion for Q1 2026 at Raymond James Financial, 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.
- 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 retreated 4.0% — and 2024, when it rose 17.0%.
- Raymond James Financial's 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 3.89% to $3.1 billion in 2026.
- Business Quant data shows RJF's Operating Expenses at $3.1 billion in Q1 2026, $3.0 billion in Q4 2025, and $3.0 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -14.14 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 3.88 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 4.68 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.12 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.18 Bn |
| 10 | Principal Financial | 23.31 Bn | -27.00 Bn | -463.00 Mn | 3.05 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 |