Filing Flows › Raymond James Financial (RJF) › Q3 FY26
Raymond James Financial (RJF) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 5, 2026
Raymond James Financial (RJF) reported revenue of $4.4B for the third quarter fiscal 2026 (Q3 FY26), +14% from a year earlier and +2% from the quarter before. Operating margin was 17.2%, net earnings $595M (13.6% of revenue).
Raymond James Financial, Q3 FY26: revenue $4.4B (+14% year over year), operating margin 17.2%, net earnings $595M, operating cash flow −$246M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.4B | +2% | +14% |
| Operating profit | $750M | +2% | +33% |
| Net earnings | $595M | +9% | +36% |
| Operating cash flow | −$246M | -122% | -136% |
What changed
Revenue was $4.4B in Q3 FY26, up 14% year over year and up 2% from the previous quarter. Asset management and related administrative fees was the largest line at 48% of revenue. Asset management and related administrative fees added $0.34B year over year (up 20%), 66% of the total change. RJBDP fees declined 11%.
Operating profit was $0.75B, a 17.2% margin (up 2.5 points year over year). Of the extra revenue versus Q3 FY25, 36% reached operating profit, above the 15% margin then. Total costs grew 10% against revenue growth of 14%. Net earnings were $0.59B, up 36% year over year. The effective tax rate was 20.7%.
Operating cash flow was −$0.25B. Non-cash charges added back $0.06B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.95B. Capital expenditures of $0.06B exceeded it, leaving free cash flow of −$0.31B.
Questions
What was Raymond James Financial's revenue in the third quarter fiscal 2026?
Raymond James Financial (RJF) reported revenue of $4.4B for the third quarter fiscal 2026 (Q3 FY26), +14% from a year earlier and +2% from the quarter before.
Was Raymond James Financial profitable in the third quarter fiscal 2026?
Operating profit was $750M (17.2% of revenue) and net earnings $595M.