Raymond James Financial's second quarter 2026 revenue jumped 13% to a record $3.86 billion, beating estimates.

Raymond James Financial reported record net revenues of $3.86 billion for its fiscal second quarter, up 13% year-over-year and surpassing analyst estimates of $3.58 billion. The firm posted diluted earnings per share of $2.72, slightly below the consensus expectation of $2.76.

Key Highlights

• Client assets under administration reached $1.76 trillion, an increase of 15% from the prior year, reflecting market appreciation and inflows.
• Revenue growth was primarily driven by a 17% increase in asset management and related administrative fees, which totaled over $2.0 billion.
• Investment banking revenues showed significant recovery, rising 31% year-over-year to $272 million, driven by higher debt and equity underwriting.