Raymond James Financial, Inc. (RJF) Revenue by Segment

Raymond James Financial revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended March 31, 2026), Raymond James Financial's largest business segment was Private Client Group, with $2.83 billion or 63% of revenue, up 12.6% from a year earlier. Next: RJ Bank (18%), Capital Markets (11%) and Asset Management (7%).

By product or service, Asset Management and Related Administrative Fee Revenue brought in 50%, Capital Markets brought in 13% and Brokerage Revenue, Securities Commissions brought in 12% of revenue in Q3 fiscal 2022.

By region, United States brought in 91%, Canada brought in 5% and Europe brought in 4% of revenue in Q3 fiscal 2026.

The fastest-growing business segment from a year earlier was Capital Markets (+16.4%).

From company filings, in USD; latest quarter ended March 31, 2026; quarterly data from Q1 fiscal 2018.

Raymond James Financial, Inc.

RJFFinancial Services

United States

Financial Services

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Private Client GroupCapital MarketsRJ BankAsset ManagementBankOther OperatingAll other segments

Q3 FY26 breakdown

Fiscal quarter ended Jun 30, 2026 · calculated (full year minus the other periods)

Item	Revenue	Share	vs year before	Trend
Private Client Groupcalc	USD 3.69B	83.8%	+46.8%
Capital Marketscalc	USD 715.00M	16.2%	+76.5%

Sum of items USD 4.40B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18
Private Client Group	3.7B	2.8B	2.8B	2.7B	2.5B	2.5B	2.6B	3.3B	2.4B	2.4B	2.3B	2.3B	2.9B	2.9B	2.8B	–	2.0B	2.5B	1.8B	–	1.7B	1.6B	1.5B	14.0M	1.3B	1.5B	1.4B	1.4B	1.4B	1.8B	1.4B	–	1.3B	1.3B	1.2B
Capital Markets	715.0M	489.0M	404.0M	538.0M	405.0M	420.0M	506.0M	733.0M	360.0M	345.0M	360.0M	362.0M	374.0M	–	–	–	386.0M	–	616.0M	–	449.0M	435.0M	454.0M	129.0M	325.0M	296.0M	274.0M	302.0M	261.0M	–	261.0M	–	243.0M	230.0M	217.0M
RJ Bank	–	816.0M	848.0M	860.0M	841.0M	817.0M	858.0M	–	879.0M	879.0M	887.0M	859.0M	–	–	–	–	–	–	–	–	–	170.0M	178.0M	1.0M	190.0M	228.0M	237.0M	216.0M	253.0M	–	245.0M	–	188.0M	179.0M	165.0M
Asset Management	–	327.0M	326.0M	314.0M	291.0M	289.0M	294.0M	–	265.0M	252.0M	235.0M	236.0M	–	220.0M	209.0M	–	228.0M	242.0M	236.0M	–	225.0M	209.0M	195.0M	–	163.0M	184.0M	184.0M	178.0M	177.0M	173.0M	174.0M	–	168.0M	163.0M	151.0M
Bank	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	302.0M	–	193.0M	–	180.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Operating	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	16.0M	21.0M	- 3.0M
All other segments	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7.0M	–	–	–	–	–	–	–

Raymond James Financial revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Private Client Group	$2.8B	$2.8B	$2.5B	$2.5B	63%
RJ Bank	$816.0M	$848.0M	$841.0M	$817.0M	18%
Capital Markets	$489.0M	$404.0M	$405.0M	$420.0M	11%
Asset Management	$327.0M	$326.0M	$291.0M	$289.0M	7%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Raymond James Financial revenue by product or service, last 4 quarters

Product or service	Q3 FY22	Q3 FY20	Q2 FY20	Q1 FY20	Share
Asset Management and Related Administrative Fee Revenue	$1.4B	$867.0M	$1.0B	$955.0M	50%
Capital Markets	$386.0M	–	–	–	13%
Brokerage Revenue, Securities Commissions	$350.0M	$343.0M	$410.0M	$363.0M	12%
Bank	$302.0M	–	–	–	10%
Account and Service Fee Revenue	$301.0M	$134.0M	$172.0M	–	10%
Account and Service Fee Revenue, Mutual Fund and Annuity Services Fees	$102.0M	–	–	$90.0M	4%
Investment Banking Revenue	$6.0M	–	–	$141.0M	under 1%

In USD, fiscal quarters as reported; share = part of Q3 FY22 revenue.

Raymond James Financial revenue by region, last 4 quarters

Region	Q3 FY26	Q2 FY26	Q1 FY26	Q3 FY25	Share
United States	$3.6B	$3.5B	$3.4B	$3.1B	91%
Canada	$189.0M	$191.0M	$185.0M	$149.0M	5%
Europe	$150.0M	$140.0M	$141.0M	$142.0M	4%

In USD, fiscal quarters as reported; share = part of Q3 FY26 revenue.

Questions and answers

What are Raymond James Financial's business segments?

Private Client Group, RJ Bank, Capital Markets and Asset Management (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Raymond James Financial?

Private Client Group: $2.83 billion, or 63% of revenue, in Q2 fiscal 2026.

What are Raymond James Financial's main products and services?

By revenue in Q3 fiscal 2022: Asset Management and Related Administrative Fee Revenue (50%), Capital Markets (13%), Brokerage Revenue, Securities Commissions (12%) and Bank (10%).

Where does Raymond James Financial make its money?

By region in Q3 fiscal 2026: United States (91%), Canada (5%) and Europe (4%).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.