SF

MKT CAP:$12B

Stifel Financial Corp.

Market Cap

$12B

Financial Services·Financial - Capital Markets·🇺🇸 United States·NYSE

Financials·Financial·🇺🇸·NYSE

Stock Price

$78.75-$6.79 (-7.93%)

Apr 23, 2026

Company Details

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the Unite...

CEO

Ronald James Kruszewski

IPO Date

Jul 19, 1983

Website

www.stifel.com

Key Metrics TTM

Revenue

$6.2B

+5.5% YoY

Net Income

$671M

EPS (Diluted)

$5.85

Free Cash Flow

$1.4B

Revenue / Share

$56.28

Gross Margin

84.9%

Operating Margin

17.8%

Net Margin

10.8%

FCF Margin

21.9%

P/S

1.9x

P/E

17.8x

Earnings Reports

Q1 2026

Mar 30, 2026

$1.7B+14.7%EPS $2.28

FY 2025

Feb 24, 2026

$6.3B+6.9%EPS $5.88

Q3 2025

Nov 5, 2025

$1.6B+10.9%EPS $1.84

Q2 2025

Aug 6, 2025

$1.5B+1.6%EPS $1.34

Q1 2025

May 7, 2025

$1.5B+3.6%EPS $0.39

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$1.1B	$1.1B	$227M
Q2 22	$1.1B	$1.1B	$219M
Q3 22	$1.1B	$1.0B	$206M
Q4 22	$1.2B	$1.1B	$234M
Q1 23	$1.2B	$1.1B	$210M
Q2 23	$1.2B	$1.0B	$181M
Q3 23	$1.3B	$1.0B	$109M
Q4 23	$1.4B	$1.1B	$206M
Q1 24	$1.4B	$1.1B	$219M
Q2 24	$1.5B	$1.2B	$227M
Q3 24	$1.5B	$1.2B	$217M
Q4 24	$1.6B	$1.3B	$266M
Q1 25	$1.5B	$1.2B	$63M
Q2 25	$1.5B	$1.3B	$214M
Q3 25	$1.6B	$1.4B	$286M
Q1 26	$1.7B	$1.4B	$542M

Valuation

Quarter	P/S	P/E
Q1 22	1.1x	6.2x
Q2 22	0.9x	5.4x
Q3 22	0.8x	5.2x
Q4 22	1.0x	6.6x
Q1 23	0.9x	6.5x
Q2 23	0.9x	6.9x
Q3 23	0.8x	7.8x
Q4 23	1.0x	9.4x
Q1 24	1.0x	10.2x
Q2 24	1.1x	10.4x
Q3 24	1.1x	10.0x
Q4 24	1.3x	10.1x
Q1 25	1.1x	10.5x
Q2 25	1.2x	11.7x
Q3 25	1.3x	11.9x
Q1 26	1.2x	11.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$301M	$286M
Q1 22	-$676M	-$688M
Q2 22	$437M	$423M
Q3 22	$539M	$520M
Q4 22	$787M	$750M
Q1 23	-$385M	-$400M
Q2 23	$379M	$367M
Q3 23	$230M	$218M
Q4 23	$275M	$262M
Q1 24	-$610M	-$619M
Q2 24	$477M	$443M
Q3 24	-$71M	-$84M
Q4 24	$695M	$677M
Q1 25	-$211M	-$228M
Q2 25	$607M	$593M
Q3 25	$338M	$321M

Capital Expenditures

Quarter	CapEx
Q4 21	$15M
Q1 22	$13M
Q2 22	$14M
Q3 22	$18M
Q4 22	$37M
Q1 23	$15M
Q2 23	$11M
Q3 23	$12M
Q4 23	$13M
Q1 24	$10M
Q2 24	$34M
Q3 24	$13M
Q4 24	$17M
Q1 25	$17M
Q2 25	$15M
Q3 25	$17M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-2.1%	-2.5%
Q2 22	-2.6%	+1.8%
Q3 22	-2.7%	+2.4%
Q4 22	-9.1%	-3.7%
Q1 23	+12.4%	+17.5%
Q2 23	+10.6%	+17.3%
Q3 23	+14.6%	+28.9%
Q4 23	+11.7%	+17.2%
Q1 24	+12.4%	+14.1%
Q2 24	+18.2%	+17.0%
Q3 24	+16.7%	+8.9%
Q4 24	+14.7%	+12.1%
Q1 25	+3.6%	+17.4%
Q2 25	+1.6%	+3.0%
Q3 25	+10.9%	+7.2%
Q1 26	+5.7%	-14.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$34M	2.5%
Q1 22	$46M	4.1%
Q2 22	$30M	2.7%
Q3 22	$28M	2.6%
Q4 22	$32M	2.6%
Q1 23	$43M	3.5%
Q2 23	$33M	2.7%
Q3 23	$30M	2.4%
Q4 23	$34M	2.5%
Q1 24	$57M	4.1%
Q2 24	$28M	2.0%
Q3 24	$33M	2.3%
Q4 24	$35M	2.2%
Q1 25	$58M	4.0%
Q2 25	$36M	2.4%
Q3 25	$26M	1.6%

OpEx Breakdown

Quarter	G&A
Q1 22	$674M
Q2 22	$653M
Q3 22	$612M
Q4 22	$648M
Q1 23	$651M
Q2 23	$616M
Q3 23	$613M
Q4 23	$674M
Q1 24	$680M
Q2 24	$723M
Q3 24	$718M
Q4 24	$796M
Q1 25	$732M
Q2 25	$775M
Q3 25	$840M
Q1 26	$837M

Revenue Segments

Quarter

Revenue by Geography

Quarter	Canada	Other Countries	United States
Q2 22	$6M	$10M	$1.0B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.6B	$1.9B	$3.5B
Q2 22	$1.6B	$1.9B	$3.5B
Q3 22	$1.4B	$1.7B	$3.1B
Q4 22	$2.2B	$1.6B	$3.8B
Q1 23	$2.8B	$1.6B	$4.4B
Q2 23	$1.9B	$1.6B	$3.5B
Q3 23	$2.8B	$1.5B	$4.3B
Q4 23	$3.6B	$104M	$3.7B
Q1 24	$3.4B	$1.5B	$4.9B
Q2 24	$2.6B	$1.6B	$4.2B
Q3 24	$1.9B	$1.6B	$3.5B
Q4 24	$2.9B	$78M	$3.0B
Q1 25	$3.0B	$54M	$3.0B
Q2 25	$2.2B	$54M	$2.3B
Q3 25	$3.6B	$103M	$3.7B
Q4 25	$2.3B	$0	$2.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	118M	-0.7%	+0.2%
Q2 22	117M	-0.6%	-1.0%
Q3 22	117M	-0.2%	-1.1%
Q4 22	117M	+0.0%	-1.5%
Q1 23	115M	-1.6%	-2.3%
Q2 23	114M	-1.3%	-3.0%
Q3 23	113M	-0.6%	-3.4%
Q4 23	111M	-1.6%	-5.0%
Q1 24	110M	-1.2%	-4.7%
Q2 24	110M	+0.3%	-3.1%
Q3 24	111M	+0.6%	-1.9%
Q4 24	112M	+1.0%	+0.7%
Q1 25	111M	-1.3%	+0.6%
Q2 25	109M	-1.6%	-1.3%
Q3 25	110M	+1.1%	-0.8%
Q1 26	110M	+0.3%	-1.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$129.1K	9K
Q2 22	$129.1K	9K
Q3 22	$126.9K	9K
Q4 22	$136.8K	9K
Q1 23	$138.6K	9K
Q2 23	$136.4K	9K
Q3 23	$139.0K	9K
Q4 23	$152.7K	9K
Q1 24	$155.8K	9K
Q2 24	$161.2K	9K
Q3 24	$162.2K	9K
Q4 24	$175.2K	9K
Q1 25	$161.4K	9K
Q2 25	$163.8K	9K
Q3 25	$179.9K	9K
Q1 26	$185.1K	9K

Revenue / Employee