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Jun 30
Raymond James Q3 2025 Earnings Report
Raymond James reported solid Q3 2025 results with stable revenues and strong client asset growth.
Key Takeaways
Raymond James delivered $3.40 billion in revenue and $435 million in net income for Q3 2025, supported by record client assets and continued growth in asset management despite a legal reserve impacting earnings.
Revenue was $3.40 billion, up 5% year-over-year
Net income was $435 million, impacted by a $58 million legal reserve
Private Client Group assets reached a record $1.57 trillion
Bank net interest margin improved to 2.74%
Raymond James
Raymond James
Raymond James Revenue by Segment
Revenue by Segment
Private Client Group Revenue
CapyFin.comCapital Markets Revenue
CapyFin.comAsset Management Revenue
CapyFin.comBank Revenue
CapyFin.com Forward Guidance
Management remains optimistic about growth prospects with strong recruiting and an improving macroeconomic outlook despite ongoing uncertainties.
Positive Outlook
- Strong financial advisor recruiting pipeline
- Robust investment banking pipeline
- Record client assets position firm for growth
- Strong balance sheet supports expansion
- Macroeconomic conditions showing improvement
Challenges Ahead
- Legal settlement impacted earnings this quarter
- Uncertainty in macroeconomic environment
- Lower short-term interest rates pressured PCG income
- Capital Markets pre-tax loss due to legal reserve
- Potential volatility in market conditions ahead