Raymond James Financial (RJF) Revenue — Quarter Ended Jun 30, 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 and administrative fees, as well as increased brokerage revenues.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q3
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 and administrative fees, as well as increased brokerage revenues.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.8B
Revenue reported for this quarter.
Quarter-over-quarter
+3.4%
Change from the immediately preceding quarter.
Year-over-year
+14.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.4B
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, 2023 | $3.5B | +17.1% |
| Dec 31, 2023 | $3.5B | +16.3% |
| Mar 31, 2024 | $3.6B | +15.2% |
| Jun 30, 2024 | $3.8B | +14.2% |
Revenue performance
Total revenues rose from the immediately preceding quarter, driven by broad-based gains across asset management fees and brokerage activities. The year-over-year comparison also showed a notable increase.
Quarterly comparison
Compared to the prior quarter, revenue improved, continuing the upward trend observed over recent periods. When measured against the same quarter one year earlier, revenue was also higher, reflecting sustained growth.
What to watch
The decline in bank segment fees within account and service fees may warrant attention in future quarters.