Raymond James Financial (RJF) FY2024 results: revenue $12.8 billion, up 10.3% on the year
Raymond James Financial Inc. (RJF) reported revenue of $12.8 billion for fiscal 2024, the year ended 30 September 2024, up 10.3% on the year before. Net income was $2.1 billion, up 18.9%, and diluted earnings per share $9.70. The figures are the company's own, from the 10-K it filed with the SEC on 26 November 2024.
Revenue
$12.8 billion
+10.3% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$2.1 billion
+18.9% on the year
FY2017FY2024
Diluted EPS
$9.70
+21.7% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,155
-3,514
72.0
Capital expenditure
205
173
91.0
+18.5%
Free cash flow
1,950
-3,687
-19.0
Free cash flow margin
15.2%
-31.7%
-0.2%
Cash from investing
-968
-274
-7,151
Cash from financing
438
1,438
5,879
-69.5%
Depreciation and amortisation
179
165
145
+8.5%
Share-based compensation
254
237
192
+7.2%
Dividends paid
383
355
277
+7.9%
Dividend per share
$1.80
$1.68
$1.36
+7.1%
Diluted shares, weighted
212m
217m
215m
-2.1%
Shares outstanding at period end
203m
209m
215m
-2.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
11,673
10,214
9,458
+14.3%
Non-controlling interest
-6.0
-27.0
-26.0
Deposits
56,010
54,199
51,357
+3.3%
Trading liabilities
976
716
836
+36.3%
Debt
n/a
n/a
1.0
Other liabilities
14,339
13,258
19,325
+8.2%
Total liabilities and equity
82,992
78,360
80,951
+5.9%
Fixed assets
635
561
503
+13.2%
Goodwill
1,451
1,437
1,422
+1.0%
Intangible assets
435
470
509
-7.4%
Securities held for sale or to maturity
8,260
9,181
9,885
-10.0%
Loans
n/a
n/a
43,239
Cash and equivalents
10,998
9,313
6,178
+18.1%
Other assets
61,213
57,398
19,215
+6.6%
Total assets
82,992
78,360
80,951
+5.9%
10-K for the year ended 30 September 2024, filed 26 November 2024: the filing.