Filing Flows › Raymond James Financial (RJF) › Q2 FY25
Raymond James Financial (RJF) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 7, 2025
Raymond James Financial (RJF) reported revenue of $3.8B for the second quarter fiscal 2025 (Q2 FY25), +6% from a year earlier and -5% from the quarter before. Operating margin was 17.5%, net earnings $495M (12.9% of revenue).
Raymond James Financial, Q2 FY25: revenue $3.8B (+6% year over year), operating margin 17.5%, net earnings $495M, operating cash flow $117M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.8B | -5% | +6% |
| Operating profit | $671M | -10% | +10% |
| Net earnings | $495M | -18% | +4% |
| Operating cash flow | $117M | -86% | -70% |
| Free cash flow | $71.0M | -91% | -79% |
What changed
Revenue was $3.8B in Q2 FY25, up 6% year over year and down 5% from the previous quarter.
Operating profit was $0.67B, a 17.5% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 30% reached operating profit, above the 17% margin then. Total costs grew 5% against revenue growth of 6%. Net earnings were $0.49B, up 4% year over year. The effective tax rate was 26.2%.
Operating cash flow was $0.12B (down 70% year over year), 24% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.48B. Capital expenditures of $0.05B left free cash flow of $0.07B.
Questions
What was Raymond James Financial's revenue in the second quarter fiscal 2025?
Raymond James Financial (RJF) reported revenue of $3.8B for the second quarter fiscal 2025 (Q2 FY25), +6% from a year earlier and -5% from the quarter before.
Was Raymond James Financial profitable in the second quarter fiscal 2025?
Operating profit was $671M (17.5% of revenue) and net earnings $495M.