Raymond James Financial (RJF) Revenue — Quarter Ended Mar 31, 2024
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The growth was supported by higher asset management fees and brokerage revenues.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q2
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The growth was supported by higher asset management fees and brokerage revenues.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.6B
Revenue reported for this quarter.
Quarter-over-quarter
+3.4%
Change from the immediately preceding quarter.
Year-over-year
+15.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$14B
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 |
|---|---|---|
| Jun 30, 2023 | $3.3B | +18.5% |
| Sep 30, 2023 | $3.5B | +17.1% |
| Dec 31, 2023 | $3.5B | +16.3% |
| Mar 31, 2024 | $3.6B | +15.2% |
Revenue performance
The reported revenue direction is positive, with a sequential increase from the immediately preceding quarter and a larger year-over-year gain.
Quarterly comparison
Compared to the prior quarter, revenue rose modestly. Versus the same quarter one year earlier, revenue showed a stronger increase, reflecting sustained growth in asset management and brokerage activities.
What to watch
Monitor the trajectory of asset management fees and brokerage revenues, as they were key drivers of the current quarter's performance.