Raymond James FY Q1 2026: Revenue Up 6%, Pre-Tax Income Down 3%

Raymond James Financial Inc. reported Q1 fiscal 2026 results with net revenues of $3.7 billion, a 6% YoY increase. However, pre-tax income fell 3% and net income available to common shareholders dropped 6% YoY. The Private Client Group and Asset Management sectors saw solid results, with revenues up 9% and 11% YoY, respectively. The company expects $400-500 million in quarterly share buybacks and a 1% increase in fiscal Q2 asset management fees.