Raymond James Financial (RJF) Revenue — Quarter Ended Dec 31, 2023
Revenue increased compared to the same quarter last year, driven by growth in asset management fees and brokerage revenues. The quarter-over-quarter change was minimal, reflecting a stable sequential performance.
Key takeaway
Quarter ended Dec 31, 2023 · FY2024 Q1
Revenue increased compared to the same quarter last year, driven by growth in asset management fees and brokerage revenues. The quarter-over-quarter change was minimal, reflecting a stable sequential performance.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.5B
Revenue reported for this quarter.
Quarter-over-quarter
+0.1%
Change from the immediately preceding quarter.
Year-over-year
+16.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.5B
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 |
|---|---|---|
| Mar 31, 2023 | $3.2B | +16.5% |
| Jun 30, 2023 | $3.3B | +18.5% |
| Sep 30, 2023 | $3.5B | +17.1% |
| Dec 31, 2023 | $3.5B | +16.3% |
Revenue performance
The reported revenue direction was upward year over year, with total revenues rising from the prior-year quarter. The increase was supported by higher asset management and related administrative fees, as well as brokerage revenues across multiple product categories.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was essentially flat, showing only a slight sequential change. Relative to the same quarter one year earlier, revenue was notably higher, continuing a trend of year-over-year growth observed in recent quarters.
What to watch
The decline in bank segment RJBDP fees and the increase in interest expense warrant attention in future quarters.