Raymond James Achieves 150 Consecutive Quarters of Profitability, Celebrating Nearly Four Decades of Resilient Growth

Rhea-AI Summary

Raymond James (NYSE:RJF) has achieved a significant milestone of 150 consecutive quarters of profitability, spanning nearly 38 years. The company's fiscal third-quarter earnings announcement highlighted its remarkable growth from an annual net income of $9.6 million in 1987 to over $2 billion currently, with client assets under administration exceeding $1.5 trillion.

The firm has evolved from a small financial planning office in St. Petersburg to a global financial services company with 17,000 employees and 8,900 affiliated financial advisors across two continents. Raymond James recently received recognition from JD Power's Investor Satisfaction Survey as the top wealth management firm for advised investor satisfaction.

Positive

• Achieved 150 consecutive quarters of profitability, demonstrating exceptional stability
• Growth in annual net income from $9.6 million to over $2 billion
• Client assets under administration exceed $1.5 trillion
• Ranked #1 in JD Power's Investor Satisfaction Survey
• Strong global presence with 17,000 employees and 8,900 affiliated financial advisors

Negative

• None.

News Market Reaction

+3.71%

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+3.71% News Effect

On the day this news was published, RJF gained 3.71%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

ST. PETERSBURG, Fla., July 24, 2025 (GLOBE NEWSWIRE) -- Raymond James has reached a rare and remarkable milestone: 150 consecutive quarters of profitability, a streak spanning nearly 38 years. Announced in the firm’s fiscal third-quarter earnings, the achievement reflects Raymond James’ enduring strength, guided by a clear set of values and the steady leadership of Chair Emeritus Tom James, Chair Paul Reilly and current CEO Paul Shoukry.


Since 1987, the firm has successfully navigated some of the most challenging periods in financial history — from the Black Monday crash and the dot-com bubble to the 2008 global financial crisis and the COVID-19 pandemic. Over that time, Raymond James has grown its annual net income from $9.6 million to more than $2 billion, while client assets under administration have surpassed $1.5 trillion.

“When my father founded what would become Raymond James Financial in 1962, he built it on a simple but powerful idea: put clients first,” said Tom James. “That philosophy has guided us through decades of change and challenge. I’m certain he never imagined the scale we’ve reached today, but his values remain at the heart of every decision we make. I’m deeply grateful to the thousands of professionals who’ve helped shape this firm’s success.”

What began as a small financial planning office in downtown St. Petersburg has grown into a global financial services firm with nearly 17,000 employees and 8,900 affiliated financial advisors across two continents. Today, Raymond James includes a thriving Private Client Group, an Asset Management division, a Capital Markets business, and two banks — Raymond James Bank and TriState Capital Bank.

“When I became CEO in 2010, I was fortunate to inherit a firm shaped by the vision and values of Tom and Bob James,” said Paul Reilly. “They had already built the framework and culture that continue to define Raymond James today. My role was to carry forward their legacy — to uphold the principles they instilled and ensure they remained central to our growth. By staying true to our long-term strategy and putting people first, we’ve not only endured through market volatility, recessions, natural disasters and a global pandemic — we’ve continued to thrive.”

The firm’s success has been widely recognized, most recently by JD Power’s Investor Satisfaction Survey, which cited Raymond James as the top wealth management firm for advised investor satisfaction and included top marks for trust and its people, products and services.

“The playbook Bob James introduced more than 60 years ago still works — because it’s built on timeless values,” said CEO Paul Shoukry. “Our people understand the culture, believe in it, and live it every day. It’s an honor to lead such a committed and principled team.”

About Raymond James Financial, Inc.

Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. Total client assets are $1.64 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com.

Media Contact: Steve Hollister
Raymond James
727.567.2824

Investor Contact: Kristina Waugh
Raymond James
727.567.7654

FAQ

How many consecutive profitable quarters has Raymond James (RJF) achieved as of 2025?

Raymond James has achieved 150 consecutive quarters of profitability, a streak spanning nearly 38 years since 1987.

What is Raymond James' (RJF) current client assets under administration?

Raymond James currently manages over $1.5 trillion in client assets under administration.

How has Raymond James' (RJF) annual net income grown since 1987?

Raymond James has grown its annual net income from $9.6 million in 1987 to more than $2 billion currently.

What recognition did Raymond James (RJF) receive from JD Power in 2025?

Raymond James was recognized as the top wealth management firm for advised investor satisfaction in JD Power's Investor Satisfaction Survey, with top marks for trust, people, products, and services.

How many employees and financial advisors does Raymond James (RJF) have in 2025?

Raymond James has nearly 17,000 employees and 8,900 affiliated financial advisors across two continents.