# Raymond James Outlines $2.5 Billion Fiscal 2027 Non-Compensation Expense Target

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/43129
Published: 2026-10-29T02:11:07.000Z
Updated: 2026-10-29T02:11:07.000Z
Section: Business

> The firm expects about 1% sequential growth in first-quarter asset management and administrative fees, alongside similar growth in combined net interest income and RJBDP fees.

Raymond James Financial, Inc. outlined a $2.5 billion target for fiscal 2027 non-compensation expenses and forecast about 1% sequential growth in two fee and interest income measures in its first fiscal quarter.

Asset management and administrative fees are expected to increase about 1% from the previous quarter. Higher asset levels in the firm’s Private Client Group underpin a separate projection for an approximately 1% quarter-over-quarter gain in net interest income combined with RJBDP fees.

Record net revenue and net income marked both Raymond James’ fiscal fourth quarter and full fiscal 2026. CEO Paul Shoukry said, “Raymond James delivered record net revenues and record net income for both the fourth quarter and fiscal year 2026.”

Raymond James paused stock repurchases while evaluating an M&A opportunity. The firm plans to resume buybacks at $400 million per quarter.