RJFRaymond James Financial, Inc.

$29B

Q1 2019 Earnings

Financial Services Financial - Capital Markets

Income Statement

Revenue

$2.0B+13.5% YoY

Gross Profit

$1.9B95.5% margin

Operating Income

$332M16.8% margin

Net Income

$249M12.6% margin

EPS (Diluted)

$1.13

QoQ Revenue Growth

+2.2%

Cash Flow

Operating Cash Flow

$225M

Free Cash Flow

$198M

Stock-Based Comp.

$37M

Balance Sheet

Total Assets

$38.5B

Total Liabilities

$32.3B

Stockholders' Equity

$6.1B

Cash & Equivalents

$4.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.0B	$1.7B	+13.5%
Gross Profit	$1.9B	$1.7B	+11.0%
Operating Income	$332M	$311M	+6.8%
Net Income	$249M	$119M	+109.2%

Revenue Segments

Asset Management And Related Administrative Fee Revenue

$865M44%

Brokerage Revenue, Securities Commissions

$388M20%

Brokerage Revenue, Securities Commissions, Mutual And Other Fund Products

$160M8%

Brokerage Revenue, Securities Commissions, Equities And Fixed Income Products

$124M6%

Brokerage Revenue, Securities Commissions, Insurance And Annuity Products

$104M5%

Investment Banking Revenue, Mergers And Acquisition And Advisory

$83M4%

Account And Service Fee Revenue, Mutual Fund And Annuity Services Fees

$81M4%

Account And Service Fee Revenue, RJBDP Fees

$69M3%

Investment Banking Revenue, Equity Underwriting

$35M2%

Account And Service Fee Revenue, Client Account And Other Fees

$35M2%

Investment Banking Revenue, Fixed Income Investment Banking

$19M1%

Other Revenue, Tax Credit Fund Revenues

$19M1%

Geographic Segments

UNITED STATES

$1.9B93%

CANADA

$111M6%

Europe

$36M2%