RJFRaymond James Financial, Inc.

$29B

Q3 2019 Earnings

Financial Services Financial - Capital Markets

Income Statement

Revenue

$2.0B+5.8% YoY

Gross Profit

$1.9B96.6% margin

Operating Income

$342M17.3% margin

Net Income

$259M13.1% margin

EPS (Diluted)

$1.20

QoQ Revenue Growth

+3.3%

Cash Flow

Operating Cash Flow

-$121M

Free Cash Flow

-$164M

Stock-Based Comp.

$23M

Balance Sheet

Total Assets

$38.7B

Total Liabilities

$32.1B

Stockholders' Equity

$6.5B

Cash & Equivalents

$3.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.0B	$1.9B	+5.8%
Gross Profit	$1.9B	$1.8B	+5.5%
Operating Income	$342M	$318M	+7.5%
Net Income	$259M	$232M	+11.6%

Revenue Segments

Asset Management And Related Administrative Fee Revenue

$879M45%

Brokerage Revenue, Securities Commissions

$358M19%

Brokerage Revenue, Securities Commissions, Mutual And Other Fund Products

$150M8%

Brokerage Revenue, Securities Commissions, Insurance And Annuity Products

$105M5%

Equities, ETFs And Fixed Income Products

$103M5%

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

$84M4%

Investment Banking Revenue, Mergers And Acquisition And Advisory

$78M4%

Account And Service Fee Revenue, RJBDP Fees

$66M3%

Investment Banking Revenue, Equity Underwriting

$37M2%

Account And Service Fee Revenue, Client Account And Other Fees

$33M2%

Investment Banking Revenue, Fixed Income Investment Banking

$24M1%

Other Revenue, Tax Credit Fund Revenues

$16M1%

Geographic Segments

UNITED STATES

$1.9B93%

CANADA

$110M6%

Europe

$32M2%