RJF Raymond James Financial margins

Relative Growth: Rel. Growth: 87

Relative Strength: Rel. Strength: 51

Relative Valuation: Rel. Valuation: 80

Relative Profitability: Rel. Profitability: 77

Gross margin

98.4%

Operating margin

19.3%

EBITDA margin

20.7%

Net margin

15.1%

For this period, Raymond James Financial reports a gross margin of 98.4%, an operating margin of 19.3%, an EBITDA margin of 20.7%, and a net margin of 15.1%. The company's available margins all declined, with operating margin recording the strongest contraction of 0.6 percentage points.

RJF margin history

Gross, operating, EBITDA and net margin trends

Raymond James Financial's margins averaged 98.51% gross, 19.65% operating, 21.05% EBITDA, and 15.29% net during the last 3 years. Compared with their three-year averages, all four current margins are lower.

RJF margin expansion

Year-over-year margin changes in percentage points

The biggest contraction was in operating and EBITDA margins, which fell by 0.6 percentage points. The other available margins also declined.

Gross margin expansion

-0.1pp

Operating margin expansion

-0.6pp

EBITDA margin expansion

-0.6pp

Net margin expansion

-0.4pp

RJF Gross margin

Over the last 3 years, Raymond James Financial had an average gross margin of 98.51%. Against its three-year average, Raymond James Financial's gross margin is currently 98.4%, 0.1 percentage points below its three-year average. Looking back over the last 3 years, Raymond James Financial's gross margin reached 98.7% at its highest point in Dec 2023 and 98.4% at its lowest in Sep 2025.

RJF Operating margin

The average operating margin for Raymond James Financial was 19.65% across the past 3 years. Right now, the current operating margin for Raymond James Financial is 19.3%, 0.4 percentage points below its three-year average. The operating margin for Raymond James Financial moved between 18.7% in Mar 2026 and 20.7% in Mar 2025.

RJF EBITDA margin

The average EBITDA margin for Raymond James Financial was 21.05% during the last 3 years. The current EBITDA margin of 20.7% is 0.4 percentage points below its three-year average. The EBITDA margin for Raymond James Financial moved between 20.1% in Mar 2026 and 22.1% in Mar 2025.

RJF Net margin

Over the last 3 years, the average net margin for Raymond James Financial was 15.29%. The latest net margin for Raymond James Financial is 15.1%, 0.2 percentage points below its three-year average. Raymond James Financial's net margin ranged from a low of 14.6% in Dec 2023 to a high of 16.3% in Dec 2024.

RJF margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 98.4%, RJF is above the Financial Services sector and the industry average. Compared to its Financial Services sector average of 83.9%, Raymond James Financial's gross margin is 17% higher.

RJF margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Raymond James Financial's gross margin?

The current gross margin for RJF is 98.4% as of Jun 30, 2026.

What is Raymond James Financial's operating margin?

The current operating margin for RJF is 19.3% as of Jun 30, 2026.

What is Raymond James Financial's EBITDA margin?

For the period ending Jun 30, 2026, RJF recorded an EBITDA margin of 20.7%.

What is Raymond James Financial's net margin?

The current net margin for RJF is 15.1% as of Jun 30, 2026.

What are the average margins of RJF?

Looking back over 3 years, RJF recorded average margins of 98.5% gross, 19.7% operating, 21.1% EBITDA, and 15.3% net.

What are the highest historical margins of RJF?

Looking back across 5 years, RJF reached 98.7% gross in Dec 2023, 20.7% operating in Mar 2025, 22.1% EBITDA in Mar 2025, and 16.3% net in Dec 2024.

What are the lowest historical margins of RJF?

Across the 5-year period, RJF posted its lowest margins at 98.4% gross in Sep 2025, 18.1% operating in Jun 2022, 19.4% EBITDA in Jun 2022, and 13.7% net in Sep 2022.