Raymond James Financial reported revenue of $15.91 billion for fiscal year 2025 (ended September 30, 2025), up 6.6% from fiscal year 2024. Net income was $2.14 billion, a net margin of 13.4%.
At the end of fiscal year 2025 it had total assets of $88.23 billion, total liabilities of $75.73 billion and shareholders' equity of $12.50 billion, with total debt of $64.23 billion.
Its operations brought in $2.43 billion of cash.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended September 30, 2025.

Annual • USD
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $15.9B | $14.9B | $13.0B | $11.3B | $9.6B |
| Gross profit | $13.7B | $12.5B | $11.3B | $10.7B | – |
| Operating income | $2.7B | $2.6B | $2.3B | $2.0B | – |
| Net income | $2.1B | $2.1B | $1.7B | $1.5B | $1.4B |
| Diluted EPS | – | – | – | – | $6.63 |
| Total assets | $88.2B | $83.0B | $78.4B | $81.0B | $61.9B |
| Total liabilities | $75.7B | $71.3B | $68.1B | $71.5B | $53.6B |
| Shareholders' equity | $12.5B | $11.7B | $10.2B | $9.5B | $8.2B |
| Cash | – | – | – | – | $7.2B |
| Total debt | $64.2B | $60.0B | $57.7B | $55.2B | $2.9B |
| Operating cash flow | $2.4B | $2.2B | -$3.5B | $72.0M | $6.6B |
| Capital spending | – | – | – | – | $74.0M |
| Free cash flow | – | – | – | – | $6.6B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2021.
$15.91 billion, up 6.6% from $14.92 billion in fiscal year 2024.
Raymond James Financial reported net income of $2.14 billion for fiscal year 2025 (13.4% of revenue); operating income was $2.71 billion.
At the end of fiscal year 2025: total debt of $64.23 billion.