Raymond James reported strong Q3 FY2026 results with record revenues and EPS, driven by growth in private client group assets and robust recruiting. Management highlighted continued investment in AI and technology, a strong capital position, and an encouraging investment banking pipeline, though M&A timing remains uncertain. No specific cross-company signals were mentioned. Record quarterly revenues of $3.93B (+16% YoY) and EPS of $3.01.
Raymond James reported strong Q3 FY2026 results with record revenues and EPS, driven by growth in private client group assets and robust recruiting. Management highlighted continued investment in AI and technology, a strong capital position, and an encouraging investment banking pipeline, though M&A timing remains uncertain. No specific cross-company signals were mentioned. Record quarterly revenues of $3.93B (+16% YoY) and EPS of $3.01.
Management announced the enterprise rollout of their proprietary AI assistant 'Raymond', reporting 6,500 unique users and a 99.5% satisfaction rate, and stated that AI will not replace advisors but will help them, with continued investment in AI as part of over $1.1 billion…
Management expressed strong confidence driven by record revenues, record EPS, robust recruiting momentum, and an optimistic investment banking pipeline; the tone was upbeat and consistent with prior quarters.
Private client group had record AUA of $1.86T and net new assets of $21.7B (5.5% annualized growth).
Reported gross margin was 66.21%, reinforcing the quarter's better-than-guided profitability.
Management announced the enterprise rollout of their proprietary AI assistant 'Raymond', reporting 6,500 unique users and a 99.5% satisfaction rate, and stated that AI will not replace advisors but will help them, with continued investment in AI as part of over $1.1 billion annual technology spend.
Domestic net new assets $21.7B, 5.5% annualized. Management expressed strong confidence driven by record revenues, record EPS, robust recruiting momentum, and an optimistic investment banking pipeline; the tone was upbeat and consistent with prior quarters.
Management expressed strong confidence driven by record revenues, record EPS, robust recruiting momentum, and an optimistic investment banking pipeline; the tone was upbeat and consistent with prior quarters.
| Metric | Period | Range | Midpoint | Status |
|---|---|---|---|---|
| RevenueASSET_MANAGEMENT_FEES | FY2026 Q4 | $2.3B–$2.32B | $2.31B | GUIDED |
| RevenueNII_AND_BDP_FEES | FY2026 Q4 | $0.658B | $0.658B | GUIDED |
| Issued | Metric | Target | Guide | Actual | Outcome |
|---|---|---|---|---|---|
| FY2026 Q1 | EPS | FY2026 Q1 | $2.86 | $2.86 | Met / beat |
| FY2026 Q1 | Op margin | FY2026 Q1 | 19.5% | 17.43% | Missed |