Raymond James Financial (RJF) Tax Rate (2009 - 2019)
Raymond James Financial (RJF) reported Tax Rate of 30.27% for Q3 2019, down 5557.0% on a YoY basis from 0.55% in Q3 2018, and down 224.01% quarter-over-quarter from 24.41% in Q2 2019.
Raymond James Financial (RJF) Tax Rate (2009 - 2019) Analysis & Trends
Raymond James Financial has reported Tax Rate for 11 years, with the latest figure at 30.27% in Q3 2019.
- For the quarter ending Q3 2019, Tax Rate fell 5557.0% year-over-year to 30.27%; the trailing twelve-month figure through Sep 2019 stood at 47.96% (up 1317.0% YoY), and the FY2025 full-year result was 37.33%, down 756.0% from the prior year.
- Tax Rate for Q3 2019 stood at 30.27%, down from 24.41% in the prior quarter.
- The five-year high for Tax Rate was 61.74% in Q4 2017, with the low at 30.27% in Q3 2019.
- Historically, Tax Rate has averaged 29.15% across 5 years, with a median of 30.06% in 2017.
- Annual changes were most pronounced in 2017 — Tax Rate jumped 3291 bps — and 2019, when it tumbled 5557 bps.
- Raymond James Financial's Tax Rate stood at 36.46% in 2015, then dropped by 21 bps to 28.82% in 2016, then soared by 114 bps to 61.74% in 2017, then tumbled by 59 bps to 25.15% in 2018, then sank by 220 bps to 30.27% in 2019.
- The last three Tax Rate figures came in at 30.27% (Q3 2019), 24.41% (Q2 2019), and 25.67% (Q1 2019), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 18.16 |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 13.55 |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 40.05 |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 598.59 |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 21.16 |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 20.02 |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 24.99 |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | - |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 19.13 |
| 10 | Principal Financial | 23.79 Bn | 20.28 Bn | -463.00 Mn | 14.30 |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2019 | -30.27% |
| Sep 30, 2019 | -30.27% |
| Jun 30, 2019 | 24.41% |
| Jun 30, 2019 | 24.41% |
| Mar 31, 2019 | 25.67% |
| Mar 31, 2019 | 25.67% |
| Dec 31, 2018 | 25.15% |
| Dec 31, 2018 | 25.15% |
| Sep 30, 2018 | 25.30% |
| Sep 30, 2018 | 25.30% |
| Jun 30, 2018 | 27.04% |
| Jun 30, 2018 | 27.04% |
| Mar 31, 2018 | 26.81% |
| Mar 31, 2018 | 26.81% |
| Dec 31, 2017 | 61.74% |
| Dec 31, 2017 | 61.74% |
| Sep 30, 2017 | 30.06% |
| Sep 30, 2017 | 30.06% |
| Jun 30, 2017 | 33.07% |
| Jun 30, 2017 | 33.07% |