Raymond James Financial (RJF) FY2023 results: revenue $11.6 billion, up 5.6% on the year
Raymond James Financial Inc. (RJF) reported revenue of $11.6 billion for fiscal 2023, the year ended 30 September 2023, up 5.6% on the year before. Net income was $1.7 billion, up 15.2%, and diluted earnings per share $7.97. The figures are the company's own, from the 10-K it filed with the SEC on 21 November 2023.
Revenue
$11.6 billion
+5.6% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$1.7 billion
+15.2% on the year
FY2016FY2023
Diluted EPS
$7.97
+14.2% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
-3,514
72.0
6,647
Capital expenditure
173
91.0
74.0
+90.1%
Free cash flow
-3,687
-19.0
6,573
Free cash flow margin
-31.7%
-0.2%
67.3%
Cash from investing
-274
-7,151
-5,140
Cash from financing
1,438
5,879
5,232
-75.5%
Depreciation and amortisation
165
145
134
+13.8%
Share-based compensation
237
192
132
+23.4%
Buybacks
n/a
n/a
128
Dividends paid
355
277
218
+28.2%
Dividend per share
$1.68
$1.36
$1.04
+23.5%
Diluted shares, weighted
217m
215m
211m
+0.7%
Shares outstanding at period end
209m
215m
206m
-3.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
10,214
9,458
8,245
+8.0%
Non-controlling interest
-27.0
-26.0
58.0
Deposits
54,199
51,357
32,495
+5.5%
Trading liabilities
716
836
176
-14.4%
Debt
n/a
1.0
8.0
Other liabilities
13,258
19,325
20,909
-31.4%
Total liabilities and equity
78,360
80,951
61,891
-3.2%
Fixed assets
561
503
499
+11.5%
Goodwill
1,437
1,422
660
+1.1%
Intangible assets
470
509
222
-7.7%
Securities held for sale or to maturity
9,181
9,885
8,315
-7.1%
Loans
n/a
43,239
24,994
Cash and equivalents
9,313
6,178
7,201
+50.7%
Other assets
57,398
19,215
20,000
+198.7%
Total assets
78,360
80,951
61,891
-3.2%
10-K for the year ended 30 September 2023, filed 21 November 2023: the filing.