Raymond James Financial (RJF) 10-K Summary — Year Ended Sep 30, 2024
Raymond James Financial, Inc. filed its annual report for the most recent fiscal year. The company reported continued growth in revenue and positive net income and operating cash flow.
Key takeaway
Year ended Sep 30, 2024 · FY2025 10-K
Raymond James Financial, Inc. filed its annual report for the most recent fiscal year. The company reported continued growth in revenue and positive net income and operating cash flow.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$14.9B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$2.1B
Net income reported for the year.
Operating cash flow
$2.2B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2021 | $9.9B | n/a |
| Sep 30, 2022 | $11.3B | +14.1% |
| Sep 30, 2023 | $13B | +14.9% |
| Sep 30, 2024 | $14.9B | +14.9% |
Business overview
Raymond James Financial is a financial holding company that provides financial services through its subsidiaries, including Raymond James Bank and TriState Capital Bank. The company operates under regulatory oversight and is subject to capital adequacy rules.
Financial performance
Revenue has increased over the past several years. Net income and operating cash flow remained positive for the reported period.
Material risks
A material risk involves failure to meet minimum regulatory capital requirements, which could trigger mandatory actions by regulators and materially affect financial results. Additionally, failure to maintain the capital conservation buffer would constrain dividend payments, stock repurchases, and certain bonus payments.
Liquidity and capital
The company's capital allocation is subject to regulatory capital rules that may limit distributions, including dividends and share repurchases, based on the capital conservation buffer shortfall.
What to watch
Investors should monitor the company's regulatory capital ratios and any changes in capital distribution limitations disclosed in the next filing.