RJF (Raymond James Financial) Tax Expense: $610 Mil (TTM As of Mar. 2026)

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RJF Raymond James Financial Inc RJF
83 GF Score
Price $168.36
GF Value $170.42
Valuation Fairly Valued
! 4 Warning Signs
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What is Raymond James Financial Tax Expense?

Raymond James Financial RJF -0.79% 83 Tax Expense is $610 Mil as of Mar. 2026. GuruFocus rates RJF with a GF Score™ of 83/100 and a GF Value™ of $170.42 (Fairly Valued). The stock has 4 warning signs investors should review.

Raymond James Financial's tax expense for the months ended in Mar. 2026 was $191 Mil. Its tax expense for the trailing twelve months (TTM) ended in Mar. 2026 was $610 Mil.


Raymond James Financial  (NYSE:RJF) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.


Raymond James Financial Tax Expense Related Terms


Raymond James Financial Tax Expense Historical Data

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The historical data trend for Raymond James Financial's Tax Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Raymond James Financial Tax Expense Chart

Raymond James Financial Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Tax Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 388.00 513.00 541.00 575.00 579.00

Raymond James Financial Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 176.00 127.00 127.00 165.00 191.00
RJF
83GF Score
Raymond James Financial Inc RJF
Tax Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Raymond James Financial Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $610 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Tax Expense →
What does a Tax Expense of $610 Mil mean?
Raymond James Financial (RJF) has a Tax Expense of $610 Mil as of Mar. 2026. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Raymond James Financial and its competitors.
Is Raymond James Financial's Tax Expense too high?
Raymond James Financial's current Tax Expense is $610 Mil. Overall, Raymond James Financial has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Raymond James Financial's Tax Expense compare to NTRS and ARES?
Raymond James Financial's Tax Expense of $610 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Expense for an Asset Management company?
A good Tax Expense depends on the Asset Management industry context. However, Tax Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Expense mean?
A high Tax Expense can signal that a stock is expensive relative to its fundamentals. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Raymond James Financial and its competitors. Raymond James Financial's current Tax Expense is $610 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Raymond James Financial stock overvalued right now?
Based on GuruFocus' analysis, Raymond James Financial (RJF) is currently considered Fairly Valued. The stock's GF Value™ is $170.42, compared to a current price of $168.36 — trading 1.2% below its estimated fair value. The current Tax Expense is $610 Mil. Raymond James Financial's overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Expense calculated?
Tax Expense is calculated from a company's financial statements. For Raymond James Financial (RJF), the current Tax Expense is $610 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Raymond James Financial (RJF) Overvalued in 2026?

Based on GuruFocus' analysis, Raymond James Financial stock appears to be undervalued. The current stock price of $168.36 is trading 1.2% below its estimated GF Value™ of $170.42. GuruFocus considers Raymond James Financial to be Fairly Valued.

Key valuation signals for RJF:

  • Tax Expense: $610 Mil
  • GF Value™: $170.42 vs. price of $168.36 (1.2% below fair value)
  • GF Score™: 83/100 with 4 warning signs

No single metric tells the full story. See the RJF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Raymond James Financial Business Description

Address 880 Carillon Parkway, Saint Petersburg, FL, USA, 33716
Raymond James Financial is a diversified financial services firm that provides wealth management, investment banking, asset management, and capital markets services to individuals, corporations, and municipalities. The firm maintains an extensive catalogue of products and services across its business lines. However, the wealth management franchise generates the bulk of its revenues and earnings through a vast network of more than 8,900 independent and employee-affiliated advisors, who collectively managed over $1.7 trillion in client assets as of fiscal year-end 2025. While Raymond James maintains a global footprint, the company derives over 90% of its revenue and an even larger percentage of its operating income, from the United States.
83GF Score

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Tax Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$168.36
Price
$170.42
GF Value