Raymond James Financial (RJF) Revenue — Quarter Ended Jun 30, 2023
Revenue increased in the current quarter compared to both the prior quarter and the same quarter a year ago. The growth was supported by higher account and service fees and interest income.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q3
Revenue increased in the current quarter compared to both the prior quarter and the same quarter a year ago. The growth was supported by higher account and service fees and interest income.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.3B
Revenue reported for this quarter.
Quarter-over-quarter
+4.3%
Change from the immediately preceding quarter.
Year-over-year
+18.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $3B | +9.9% |
| Dec 31, 2022 | $3B | +7.4% |
| Mar 31, 2023 | $3.2B | +16.5% |
| Jun 30, 2023 | $3.3B | +18.5% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, continuing an upward trend. Asset management and related administrative fees declined, but this was offset by gains in account and service fees and interest income.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was higher, driven by substantial increases in account and service fees and interest income. Brokerage revenues and asset management fees were lower year over year.
What to watch
Interest expense rose sharply from both the prior quarter and the same quarter a year ago, which may pressure net revenue growth if the trend continues.