Raymond James Reports Strong Fiscal 2026 Results
News related to:Raymond James Financial, Inc · 3 min read
ST. PETERSBURG, Fla., Oct. 28, 2026 /CourierPR/ -- Raymond James Financial, Inc. reported strong financial results for its fiscal fourth quarter and fiscal year 2026, marking a robust performance across its various segments. The company's annual net revenues reached $15.79 billion, a new record, with net income available to common shareholders totaling $2.37 billion and earnings per diluted share of $11.91.
At quarter-end, Raymond James had client assets under administration amounting to $1.94 trillion, a record high. The Private Client Group (PCG) saw assets in fee-based accounts reach $1.16 trillion, up 12% from the previous year and 15% from the quarter before. These figures reflect the company's continued growth and client retention strategies.
For the fiscal fourth quarter, the company returned approximately $1.7 billion of capital to shareholders through a combination of common share repurchases and dividends. This brings the total for the fiscal year to a significant $1.7 billion.
Raymond James also reported a quarterly net revenue of $4.27 billion, a 15% increase over the prior year's fiscal fourth quarter and a 9% rise from the preceding quarter. Net income available to common shareholders was $666 million, with earnings per diluted share at $3.40, both up 15% from the prior year's fiscal fourth quarter and 13% from the preceding quarter. Adjusted net income available to common shareholders was $703 million, or $3.59 per diluted share, reflecting the company's strong performance.
The Private Client Group saw net revenues of $3.06 billion in the fiscal fourth quarter, a 15% increase from the prior year and an 8% rise from the preceding quarter. Pre-tax income for the quarter was $458 million, up 10% from the prior year and 8% from the preceding quarter. Domestic PCG net new assets for the fiscal fourth quarter were $22.8 billion, representing an annualized growth of 5.3% from the beginning of the quarter, and $98.3 billion for the fiscal year, a 6.4% increase from the beginning of the year.
Capital Markets segment net revenues were $549 million, a 7% increase from the prior year's fiscal fourth quarter and a 15% rise from the preceding quarter. Investment banking revenues were $361 million, up 17% from the prior year and 27% from the preceding quarter. Pre-tax income for the quarter was $106 million, a 18% increase from the prior year and 121% from the preceding quarter.
Asset Management segment net revenues were $409 million, a 30% increase from the prior year's fiscal fourth quarter and a 13% rise from the preceding quarter. Pre-tax income was $170 million, up 29% from the prior year and 19% from the preceding quarter. Financial assets under management stood at $342.9 billion, a 25% increase from September 2025 and a 1% decrease from June 2026.
Bank segment net revenues were $483 million, a 5% increase from the prior year's fiscal fourth quarter and a 1% decrease from the preceding quarter. Pre-tax income was $180 million, a 35% increase from the prior year and a 13% decrease from the preceding quarter. The bank's loan benefit for credit losses was $8 million. Net bank loans reached $57.5 billion, a 11% increase from September 2025 and a 2% increase from June 2026. Securities-based loans amounted to $26.2 billion, a $6.4 billion, or 32%, increase from September 2025.
Raymond James Financial, Inc. ended the fiscal year with an annualized return on common equity of 20.6% and an adjusted return on tangible common equity of 26.6%. For fiscal 2026, the return on common equity was 18.7% and the adjusted return on tangible common equity was 23.0%.
Overall, Raymond James Financial, Inc. demonstrated resilience and growth across its segments, with a focus on client retention and capital management. The company's CEO, Paul Shoukry, highlighted the firm's strong performance and its well-positioned status for the upcoming fiscal year.