Filing Flows › Raymond James Financial (RJF) › Operating margin
Raymond James Financial (RJF) operating margin by quarter
Raymond James Financial's operating margin was 18.2% in Q4 FY26 (fourth quarter fiscal 2026), +1.0 pts from Q3 FY26. Over the last 7 quarters it ranged from 14.7% (Q3 FY25) to 18.2% (Q4 FY26).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q4 FY26 | 18.2% | +1.0 pts | +0.7 pts |
| Q3 FY26 | 17.2% | -0.1 pts | +2.5 pts |
| Q2 FY26 | 17.2% | -0.2 pts | -0.2 pts |
| Q1 FY26 | 17.4% | -0.0 pts | — |
| Q4 FY25 | 17.4% | +2.8 pts | — |
| Q3 FY25 | 14.7% | -2.8 pts | — |
| Q2 FY25 | 17.5% | — | — |
Q4 FY26 at a glance
Raymond James Financial, Q4 FY26: revenue $4.7B (+13% year over year), operating margin 18.2%, net earnings $666M. The chart follows the revenue to costs, profit and cash.
Questions
What is Raymond James Financial's operating margin?
Raymond James Financial's operating margin was 18.2% in Q4 FY26 (fourth quarter fiscal 2026), +1.0 pts from Q3 FY26.
How has Raymond James Financial's operating margin changed?
Over the last 7 quarters it ranged from 14.7% (Q3 FY25) to 18.2% (Q4 FY26).
Q4 FY26 results → · How Raymond James Financial makes money →