Raymond James Financial (RJF) FY2025 10-K Annual Report

Filed: Nov 25, 2025
Financials
Security Brokers, Dealers & Flotation CompaniesSEC EDGAR

Raymond James Financial (RJF) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Nov 25, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Raymond James Financial FY2025 10-K Analysis

Business Overview

  • Core business: diversified financial services including capital markets, banking, and wealth management
  • Legal/regulatory focus: ongoing SEC inquiry since Aug 2024 into cash sweep program practices; consolidated class action lawsuits with one dismissal
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Management Discussion & Analysis

  • Net interest income in banking operations $1.846B at 0 bps, up to $1.898B (+3%) at +200 bps, down to $1.661B (-10%) at -200 bps
  • Available-for-sale securities portfolio fair value $6.89B, yield 2.25%, effective duration 3.44 (% price change per 100 bps rate change)
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Risk Factors

  • Model risk from valuation inaccuracies impacting financial loss or regulatory reporting due to incorrect model use or outputs
  • Compliance risk of sanctions and reputational damage from failure to comply with applicable laws and regulatory requirements
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Raymond James Financial FY2025 Key Financial Metrics
XBRL

Revenue

$15.9B

+6.6% YoY

Net Income

$2.1B

+3.2% YoY

Net Margin

13.4%

-44bp YoY

ROE

17.1%

-64bp YoY

Total Assets

$88.2B

+6.3% YoY

EPS (Diluted)

$10.30

+6.2% YoY

Operating Cash Flow

$2.4B

+12.9% YoY

Source: XBRL data from Raymond James Financial FY2025 10-K filing on SEC EDGAR. All figures in USD.

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