RJFRaymond James Financial, Inc.

$29B

Q2 2019 Earnings

Financial Services Financial - Capital Markets

Income Statement

Revenue

$1.9B+4.3% YoY

Gross Profit

$1.8B95.8% margin

Operating Income

$347M18.1% margin

Net Income

$261M13.7% margin

EPS (Diluted)

$1.21

QoQ Revenue Growth

-3.4%

Cash Flow

Operating Cash Flow

-$205M

Free Cash Flow

-$237M

Stock-Based Comp.

$28M

Balance Sheet

Total Assets

$38.2B

Total Liabilities

$31.7B

Stockholders' Equity

$6.4B

Cash & Equivalents

$3.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.9B	$1.8B	+4.3%
Gross Profit	$1.8B	$1.8B	+2.9%
Operating Income	$347M	$332M	+4.5%
Net Income	$261M	$243M	+7.4%

Revenue Segments

Asset Management And Related Administrative Fee Revenue

$783M42%

Brokerage Revenue, Securities Commissions

$349M19%

Brokerage Revenue, Securities Commissions, Mutual And Other Fund Products

$148M8%

Investment Banking Revenue, Mergers And Acquisition And Advisory

$118M6%

Equities, ETFs And Fixed Income Products

$102M6%

Brokerage Revenue, Securities Commissions, Insurance And Annuity Products

$99M5%

Account And Service Fee Revenue, RJBDP Fees

$79M4%

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

$78M4%

Account And Service Fee Revenue, Client Account And Other Fees

$34M2%

Investment Banking Revenue, Equity Underwriting

$25M1%

Investment Banking Revenue, Fixed Income Investment Banking

$20M1%

Other Revenue, Tax Credit Fund Revenues

$14M1%

Geographic Segments

UNITED STATES

$1.8B93%

CANADA

$100M5%

Europe

$41M2%