Raymond James Financial number of employees

Raymond James Financial reported 19,500 employees at September 30, 2025 in its latest annual report, up 500 (2.6%) on the year before. That compares with 15,000 at September 30, 2021. Revenue per employee was $816,000.

Headcount by year

Fiscal year end	Employees	Change	Revenue per employee	Source
September 30, 2025	19,500	+500 (2.6%)	$816,000	10-K, filed November 25, 2025
September 30, 2024	19,000	+1,000 (5.6%)	$785,421	10-K, filed November 26, 2024
September 30, 2023	18,000	+1,000 (5.9%)	$721,778	10-K, filed November 21, 2023
September 30, 2022	17,000	+2,000 (13.3%)	$665,176	10-K, filed November 22, 2022
September 30, 2021	15,000	—	$660,667	10-K, filed November 23, 2021

What the annual reports say

As of September 30, 2025, we had approximately 19,500 associates (including 3,878 employee financial advisors) and 5,065 independent advisors. 2025 annual report
As of September 30, 2024, we had approximately 19,000 associates (including 3,826 employee financial advisors) and 4,961 independent advisors. 2024 annual report
As of September 30, 2023, we had approximately 18,000 associates (including 3,693 employee financial advisors) and 5,019 independent advisors. 2023 annual report
As of September 30, 2022, we had approximately 17,000 associates (including 3,638 employee financial advisors) and 5,043 independent advisors. 2022 annual report
As of September 30, 2021, we had approximately 15,000 associates (including 3,461 employee financial advisors) and 5,021 independent advisors. 2021 annual report

Headcount as the company states it in Item 1 of its annual report (some count full-time equivalents or exclude part-time and temporary staff), at the date it gives. Years where the report states no clear total are left out rather than estimated. Changes can reflect acquisitions and disposals as well as hiring and job cuts.

Compare with peers

Head to head: LPLA vs RJF JEF vs RJF

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Figures from Raymond James Financial's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Raymond James Financial.