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How Stifel Financial (SF) makes money
Stifel Financial (SF) made $1.6B of revenue in the third quarter 2026 (Q3 2026), 0% from a year earlier. Other revenues brought in $636M (39%); Asset Management1 brought in $492M (30%); Investment Banking brought in $306M (19%). Of every dollar of revenue, 19¢ was left as operating profit, 14¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Other revenues | $636M | 38.9% | +1% | -6% |
| Asset Management1 | $492M | 30.1% | +8% | +14% |
| Investment Banking | $306M | 18.7% | -8% | -5% |
| Commissions | $201M | 12.3% | -9% | -3% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.6B | 100.0% |
| Operating profit | $310M | 18.9% |
| Income tax | $75.5M | 4.6% |
| Net earnings | $234M | 14.3% |
| Operating cash flow | $801M | 49.0% |
| Free cash flow | $753M | 46.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.6B | 0% |
| Q2 2026 | $1.6B | +10% |
| Q1 2026 | $1.7B | +13% |
| Q4 2025 | $1.8B | +10% |
| Q3 2025 | $1.6B | +11% |
| Q2 2025 | $1.5B | +2% |
| Q1 2025 | $1.5B | +4% |
From Stifel Financial's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Stifel Financial make money?
Stifel Financial (SF) made $1.6B of revenue in the third quarter 2026 (Q3 2026), 0% from a year earlier. Other revenues brought in $636M (39%); Asset Management1 brought in $492M (30%); Investment Banking brought in $306M (19%). Of every dollar of revenue, 19¢ was left as operating profit, 14¢ was left as net earnings.
What is Stifel Financial's biggest business?
Other revenues: $636M in the third quarter 2026, 39% of revenue, -6% from a year earlier.
What is Stifel Financial's profit margin?
Net earnings were $234M, 14.3% of revenue, in the third quarter 2026; the operating margin was 18.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.