RAYMOND JAMES FINANCIAL INC has recently released its 10-K report, providing a comprehensive overview of its financial performance and operations for the year ended September 30, 2025. The report highlights the company's diverse range of financial services, including private client group, capital markets, asset management, banking, and other services in the United States, Canada, and Europe.
In the year ended September 30, 2025, the company reported net revenues of $14.07 billion, marking a 10% increase from the prior year. Pre-tax income reached $2.71 billion, reflecting a 3% increase, while net income available to common shareholders stood at $2.13 billion, a 3% rise from the previous year. Earnings per diluted share also increased by 6% to $10.30.
The company's strong financial performance is further evidenced by its return on common equity (ROCE) of 17.7% and return on tangible common equity (ROTCE) of 20.6%. Excluding acquisition-related expenses, the adjusted net income available to common shareholders for the year was $2.21 billion, representing a 3% increase, with adjusted earnings per diluted share at $10.66, a 6% rise from the previous year.
The increase in net revenues was primarily driven by higher asset management and related administrative fees, investment banking revenues, and brokerage revenues. However, compensation, commissions, and benefits expense increased by 10%, mainly due to an increase in compensable revenues and annual salary increases.
The company also maintained strong levels of liquidity and capital, with its tier 1 leverage ratio at 13.1% and total capital ratio at 24.1%, well above regulatory capital requirements. In addition, Raymond James Financial issued $1.5 billion in senior notes and repurchased 7.4 million shares of its common stock for $1.1 billion during the year, leaving $399 million available under the authorization as of September 30, 2025.
The company's non-GAAP financial measures, such as adjusted net income available to common shareholders, adjusted pre-tax income, and adjusted diluted earnings per common share, provide further insights into its financial performance by excluding certain material items that may not be indicative of its core operating results.
RAYMOND JAMES FINANCIAL INC's 10-K report demonstrates its robust financial performance and strategic initiatives to maintain strong capital and liquidity positions, positioning the company for continued growth and success in the financial services industry. Today the company's shares have moved 0.91% to a price of $154.54. For more information, read the company's full 10-K submission here.
