Also trades as: 0KU1.L (LSE) · $vol 0M · RJF-PA (NYSE)

$158.14

+0.07 (+0.04%)

After Hours: $160.36 (+2.22, +1.40%)

Weekly Expected Move ±2.6%

$150 $154 $158 $162 $166

NYSE · Financial Services · Asset Management · Tech Score Neutral · Power 50 · $30.4B mcap · 172M float · 0.746% daily turnover · Short 53% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: $62.2M held by 143 funds, 92 bp over Treasuries → details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Revenue Segmentation

By Product / Service

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$15.9B +7.9% ▲

5Y CAGR: +14.6%

Gross Profit

$14.0B +11.4% ▲

5Y CAGR: +12.9%

Operating Income

$4.6B +72.6% ▲

5Y CAGR: +34.1%

Net Income

$2.1B +3.2% ▲

5Y CAGR: +21.2%

EPS (Diluted)

$10.30 +6.2% ▲

5Y CAGR: +21.5%

EBITDA

$4.8B +68.5% ▲

5Y CAGR: +32.4%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$9.8B	$11.2B	$12.8B	$14.7B	$15.9B
YoY Growth	+21.2%	+14.1%	+15.1%	+14.8%	+7.9%
Cost of Revenue	$118M	$405M	$1.5B	$2.1B	$1.9B
Gross Profit	$9.7B	$10.8B	$11.3B	$12.6B	$14.0B
Gross Margin	98.8%	96.4%	88.3%	85.4%	88.2%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$6.6B	$7.3B	$7.3B	$8.2B	$7.2B
Operating Expenses	$7.9B	$8.7B	$9.1B	$10.0B	$9.5B
Operating Income	$1.8B	$2.0B	$2.3B	$2.6B	$4.6B
Operating Margin	18.3%	18.1%	17.8%	17.9%	28.7%
Interest Expense	$150M	$305M	$1.4B	$2.1B	$1.8B
Income Before Tax	$1.8B	$2.0B	$2.3B	$2.6B	$2.7B
Tax Expense	$388M	$513M	$541M	$575M	$579M
Net Income	$1.4B	$1.5B	$1.7B	$2.1B	$2.1B
Net Margin	14.3%	13.5%	13.5%	14.0%	13.4%
EPS (Diluted)	$6.63	$6.98	$7.97	$9.70	$10.30
EBITDA	$1.9B	$2.2B	$2.4B	$2.8B	$4.8B
Shares Outstanding	211M	215M	217M	212M	207M

Line Item	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3
Revenue	$4.0B	$4.0B	$3.8B	$3.8B	$4.1B	$4.2B	$4.3B	$4.4B
Cost of Revenue	$563M	$498M	$458M	$459M	$469M	$441M	$403M	$1.5B
Gross Profit	$3.4B	$3.5B	$3.3B	$3.3B	$3.7B	$3.7B	$3.9B	$2.9B
Gross Margin	85.8%	87.5%	87.9%	87.9%	88.6%	89.4%	90.5%	66.2%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$2.2B	$2.3B	$2.2B	$2.2B	$2.4B	$3.0B	$3.1B	$2.1B
Operating Expenses	$2.6B	$2.7B	$2.7B	$2.8B	$2.9B	$3.0B	$3.1B	$2.1B
Operating Income	$760M	$749M	$671M	$563M	$731M	$728M	$735M	$750M
Operating Margin	19.2%	18.8%	17.7%	14.9%	17.7%	17.4%	17.2%	17.2%
Interest Expense	$541M	$498M	$442M	$444M	$463M	$441M	$403M	-$434M
Income Before Tax	$760M	$749M	$671M	$563M	$731M	$728M	$735M	$750M
Tax Expense	$158M	$149M	$176M	$127M	$127M	$165M	$191M	$155M
Net Income	$602M	$600M	$495M	$436M	$604M	$563M	$544M	$595M
Net Margin	15.2%	15.1%	13.1%	11.5%	14.6%	13.5%	12.8%	13.6%
EPS (Diluted)	$2.86	$2.86	$2.36	$2.12	$2.96	$2.79	$2.72	$3.01
EBITDA	$807M	$796M	$718M	$612M	$783M	$777M	$785M	$805M
Shares Outstanding	212M	209M	209M	206M	207M	201M	199M	197M

RJF NYSE