NYSE$RJF

Raymond James Financial Inc · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Raymond James reported record net revenues and net income for the fiscal fourth quarter and fiscal year 2024.

Raymond James Financial, Inc. reported record net revenues of $3.46 billion and net income available to common shareholders of $601 million, or $2.86 per diluted share, for the fiscal fourth quarter ended September 30, 2024. Record quarterly net revenues increased 13% over the prior year’s fiscal fourth quarter and 7% over the preceding quarter. Record quarterly net income available to common shareholders increased 39% over the prior year’s fiscal fourth quarter.

  • Record quarterly net revenues of $3.46 billion, up 13% over the prior year’s fiscal fourth quarter and 7% over the preceding quarter
  • Record quarterly net income available to common shareholders of $601 million, or $2.86 per diluted share
  • Record client assets under administration of $1.57 trillion, up 25% over September 2023
  • Domestic Private Client Group net new assets of $13.0 billion for the fiscal fourth quarter

Headline financials

Total Revenue

$3.46B

Previous: $3.05B+13.4%
EPS (adj)

$2.95

Previous: $2.13+38.5%
Client AUA

$1.57T

Previous: $1.26T+25.0%
PCG Fee-Based AUA

$875B

Previous: $683B+28.1%
Capital Expenditures

-$50M

Previous: $51M-198.0%
Net Income

$602M

Previous: $432M+39.4%
Operating Income

$760M

Previous: $585M+29.9%
Gross Profit

$3.93B

Previous: $2.94B+33.4%
Stock-Based Comp

$53M

Previous: $45M+17.8%

Revenue & EPS history

Raymond James · Revenue · Quarterly

$3.46B

Q4 2024+13.4%vs Q4 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Raymond James · $3.29B total across 4 segments · Q4 2023

  • Private Client Group
    $2.27B+13.8%
  • Raymond James Bank
    $451M+5.4%
  • Capital Markets
    $341M-14.5%
  • Asset Management
    $236M+9.3%

Forward guidance

Raymond James is well positioned entering fiscal 2025 with record client asset levels, healthy pipelines for growth across the business and ample funding to support balance sheet growth. The company is focused on maintaining strong capital ratios and a flexible balance sheet to support results in any market environment.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+0.1%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+3.1%

Avg return

30 days after

52%

36 / 69 earnings

Positive

+10.2%

Q2 2016

Best reaction

-8.9%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-1.5%+0.8%-2.0%
Q1 2026+1.5%-1.3%-9.0%
Q4 2025-0.6%-3.8%-7.9%
Q3 2025-0.8%-1.3%+3.4%
Q2 2025+0.2%+2.7%+2.6%
Q1 2025-0.8%-4.3%-10.1%
Q4 2024+8.2%+8.8%+21.3%
Q3 2024+5.5%+3.3%+4.5%
Q2 2024-4.1%-3.1%-1.0%
Q1 2024+0.4%-1.0%+4.5%
Q4 2023+1.8%+0.9%+11.4%
Q3 2023-1.5%-0.0%-7.1%
Q2 2023-2.2%-1.8%+2.0%
Q1 2023-3.1%-4.5%-7.9%
Q4 2022+8.8%+12.8%+14.1%
Q3 2022+1.2%+4.7%+13.3%
Q2 2022+4.0%-1.6%-0.8%
Q1 2022+4.2%+9.4%+16.0%
Q4 2021-2.7%-2.7%-3.7%
Q3 2021+1.5%+1.1%+10.8%
Q2 2021+1.1%+1.0%+1.5%
Q1 2021+1.0%+3.8%+18.3%
Q4 2020-3.4%+0.3%+18.5%
Q3 2020-1.3%+2.0%+9.6%
Q2 2020-3.3%-8.3%+1.7%
Q1 2020-5.6%-7.3%+1.0%
Q4 2019+1.0%+2.0%+6.4%
Q3 2019-3.3%-4.7%-11.3%
Q2 2019+0.8%+2.3%-3.0%
Q1 2019+0.9%+2.0%+4.8%
Q4 2018-8.9%-12.1%-7.6%
Q3 2018-3.4%-5.7%-5.4%
Q2 2018+3.4%+3.3%+14.5%
Q1 2018-0.7%+0.4%-5.3%
Q4 2017-2.0%-1.6%-1.6%
Q3 2017-2.7%-2.1%-7.3%
Q2 2017-0.4%-0.3%-2.0%
Q1 2017+3.9%+1.8%+5.7%
Q4 2016+5.8%+2.7%+23.8%
Q3 2016+1.5%+2.2%+6.2%
Q2 2016+10.2%
Q1 2016-7.7%
Q4 2015+1.0%
Q3 2015-0.8%
Q2 2015+1.4%
Q1 2015+4.2%
Q4 2014+1.9%
Q3 2014+2.4%
Q2 2014-2.0%
Q1 2014-2.0%
Q4 2013+2.2%
Q3 2013-0.8%
Q2 2013-8.6%
Q1 2013+3.4%
Q4 2012+2.9%
Q3 2012-2.5%
Q2 2012+5.0%
Q1 2012+0.4%
Q4 2011-3.3%
Q3 2011-2.6%
Q2 2011-1.0%
Q1 2010+1.1%
Q1 2011+0.2%
Q2 2010+1.1%
Q4 2008+1.1%
Q4 2010+1.1%
Q4 2009-0.8%
Q3 2010-0.8%
Q3 2009-0.8%

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