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eToro vs Raymond James Financial: revenue, profit, margins and growth compared

eToro brought in $13.8B of revenue in fiscal 2025, Raymond James Financial $15.9B in fiscal 2025. Revenue changed by +9.5% at eToro and +6.6% at Raymond James Financial on the year before, so eToro grew faster. eToro kept 1.6% of its revenue as net profit, Raymond James Financial 13.4%. Free cash flow was $313.4M at eToro and $2.2B at Raymond James Financial.

Side by side, latest fiscal year

ETORRJF
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 30, 2025)
Revenue$13.8B$15.9B
Revenue growth+9.5%+6.6%
Net income$215.7M$2.1B
Net margin1.6%13.4%
Free cash flow$313.4M$2.2B
Free cash flow margin2.3%14.1%
Earnings per share (diluted)$2.27$10.30
Cash$1.1B$11.4B
Debtn/an/a
Price to earningsn/a15.5
Market value$2.1B$30.8B
Dividend yieldn/a1.25%
Rank by revenue in sector#50 of 444 · Finance#40 of 444 · Finance

Over the years

Revenue
ETOR FY2023: $3.9BETOR FY2025: $12.6BETOR FY2025: $13.8BRJF FY2018: $7.5BRJF FY2019: $8BRJF FY2020: $8.2BRJF FY2021: $9.9BRJF FY2022: $11.3BRJF FY2023: $13BRJF FY2024: $14.9BRJF FY2025: $15.9BFY18FY19FY20FY21FY22FY23FY24FY25
ETOR $13.8BRJF $15.9B
Net income
ETOR FY2023: $15.3METOR FY2025: $192.4METOR FY2025: $215.7MRJF FY2018: $857MRJF FY2019: $1BRJF FY2020: $818MRJF FY2021: $1.4BRJF FY2022: $1.5BRJF FY2023: $1.7BRJF FY2024: $2.1BRJF FY2025: $2.1BFY18FY19FY20FY21FY22FY23FY24FY25
ETOR $215.7MRJF $2.1B
Net margin
ETOR FY2023: 0.4%ETOR FY2025: 1.5%ETOR FY2025: 1.6%RJF FY2018: 11.5%RJF FY2019: 12.9%RJF FY2020: 10.0%RJF FY2021: 14.2%RJF FY2022: 13.3%RJF FY2023: 13.4%RJF FY2024: 13.9%RJF FY2025: 13.4%FY18FY19FY20FY21FY22FY23FY24FY25
ETOR 1.6%RJF 13.4%
Revenue growth
ETOR FY2025: +225.3%ETOR FY2025: +9.5%RJF FY2019: +7.3%RJF FY2020: +1.8%RJF FY2021: +21.3%RJF FY2022: +14.1%RJF FY2023: +14.9%RJF FY2024: +14.9%RJF FY2025: +6.6%FY19FY20FY21FY22FY23FY24FY25
ETOR +9.5%RJF +6.6%
Free cash flow
ETOR FY2023: $111.4METOR FY2025: $266.2METOR FY2025: $313.4MRJF FY2018: $750MRJF FY2019: $439MRJF FY2020: $3.9BRJF FY2021: $6.6BRJF FY2022: -$19MRJF FY2023: -$3.7BRJF FY2024: $2BRJF FY2025: $2.2BFY18FY19FY20FY21FY22FY23FY24FY25
ETOR $313.4MRJF $2.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about eToro and Raymond James Financial

Which is bigger by revenue, eToro or Raymond James Financial?

Raymond James Financial is bigger by revenue: $15.9B in fiscal 2025, against $13.8B for eToro in fiscal 2025.

Which keeps more of its revenue as profit, eToro or Raymond James Financial?

eToro had a net margin of 1.6% in fiscal 2025; Raymond James Financial had 13.4% in fiscal 2025.

Which grew revenue faster, eToro or Raymond James Financial?

In their latest fiscal years revenue changed by +9.5% at eToro and +6.6% at Raymond James Financial.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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