Raymond James Financial (RJF) Tax Rate (2009 - 2026)
Raymond James Financial's (RJF) quarterly Tax Rate came in at 20.67% in Q2 2026, down 189.0% on a YoY basis from 23.22% in Q2 2025, and down 20.47% quarter-over-quarter from 25.99% in Q1 2026.
Analysis
Raymond James Financial (RJF) Tax Rate (2009 - 2026) Analysis & Trends
Raymond James Financial (RJF) has reported Tax Rate for 18 consecutive years, with 20.67% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate fell 189.0% year-over-year to 20.67%; the trailing twelve-month figure through Jun 2026 stood at 21.67% (down 57.0% YoY), and the FY2025 full-year result was 21.33%, down 42.0% from the prior year.
- Tax Rate eased to 20.67% in Q2 2026 per RJF's latest filing, from 25.99% in the prior quarter.
- Across five years, Tax Rate topped out at 28.73% in Q3 2022 and bottomed at 17.37% in Q3 2025.
- Historically, Tax Rate has averaged 23.3% across 5 years, with a median of 23.0% in 2023.
- The sharpest annual moves came in 2022 and 2024: Tax Rate jumped 721 bps in 2022, then tumbled 502 bps in 2024.
- Over 5 years, Tax Rate stood at 21.93% in 2022, then decreased by 4 bps to 20.95% in 2023, then decreased by 5 bps to 19.89% in 2024, then grew by 14 bps to 22.66% in 2025, then retreated by 9 bps to 20.67% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 20.67%, 25.99%, and 22.66% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 2,119.43 Bn | 1,530.93 Bn | 30.39 Bn | 21.54% |
| 2 | Morgan Stanley | 342.23 Bn | 182.09 Bn | - | 23.07% |
| 3 | Goldman Sachs | 302.60 Bn | -673.74 Bn | - | 22.60% |
| 4 | Mitsubishi Ufj Financial | 296.69 Bn | -87.63 Bn | 10.89 Bn | 24.29% |
| 5 | Royal Bank Of Canada | 295.00 Bn | 68.16 Bn | - | 22.26% |
| 6 | Wells Fargo & Company | 272.35 Bn | 70.52 Bn | - | 17.42% |
| 7 | American Express | 220.11 Bn | 170.79 Bn | 17.99 Bn | 23.61% |
| 8 | Banco Santander | 214.76 Bn | 222.37 Bn | 28.01 Bn | - |
| 9 | Toronto Dominion Bank | 205.51 Bn | 44.18 Bn | - | -38.63% |
| 10 | Raymond James Financial | 34.26 Bn | 21.09 Bn | - | 20.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.67% |
| Mar 31, 2026 | 25.99% |
| Dec 31, 2025 | 22.66% |
| Sep 30, 2025 | 17.37% |
| Jun 30, 2025 | 22.56% |
| Mar 31, 2025 | 26.23% |
| Dec 31, 2024 | 19.89% |
| Sep 30, 2024 | 20.79% |
| Jun 30, 2024 | 23.60% |
| Mar 31, 2024 | 21.84% |
| Dec 31, 2023 | 20.95% |
| Sep 30, 2023 | 25.81% |
| Jun 30, 2023 | 24.07% |
| Mar 31, 2023 | 23.34% |
| Dec 31, 2022 | 21.93% |
| Sep 30, 2022 | 28.73% |
| Jun 30, 2022 | 27.47% |
| Mar 31, 2022 | 25.40% |
| Dec 31, 2021 | 20.07% |
| Sep 30, 2021 | 23.39% |