Raymond James Financial Reports 9% Revenue Growth to $3.40 Billion in Q2 Fiscal 2025

Raymond James Financial, Inc. reported a solid financial performance for the second quarter of fiscal 2025, with net revenues reaching $3.40 billion, a 9% increase from $3.12 billion in the same quarter of the previous year. The firm’s pre-tax income rose to $671 million, up 10% from $609 million, while net income available to common shareholders increased by 4% to $493 million, translating to earnings per diluted share of $2.36, a 6% rise from $2.22. For the six months ending March 31, 2025, net revenues totaled $6.94 billion, reflecting a 13% increase year-over-year, with net income available to common shareholders rising 12% to $1.09 billion.

The company experienced notable growth in asset management and related administrative fees, which increased by 14% to $1.73 billion for the quarter, driven by higher client assets in fee-based accounts. Brokerage revenues also saw a boost, with total brokerage revenues rising to $580 million, a 10% increase compared to the prior year. However, the firm faced a decline in net interest income and RJBDP fees from third-party banks, attributed to lower short-term interest rates, which offset some of the revenue gains.

In terms of operational metrics, Raymond James reported a total of 201,754,538 shares of common stock outstanding as of May 5, 2025. The firm’s total assets stood at $83.13 billion, a slight increase from the previous fiscal period, with bank loans net increasing by $2.3 billion, primarily due to growth in securities-based loans. The company’s total liabilities decreased by 1% to $70.91 billion, with a notable reduction in accrued compensation and other borrowings.

Looking ahead, Raymond James remains optimistic about its growth trajectory, supported by a strong capital and liquidity position, with $2.5 billion in corporate cash as of March 31, 2025. The firm continues to focus on expanding its client base and enhancing its service offerings, with total client assets under administration reaching $1.54 trillion. The company is well-positioned to navigate market uncertainties and capitalize on growth opportunities in the financial services sector.