SEGMENT INFORMATION

3 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

We currently operate through the following five segments: PCG; Capital Markets; Asset Management; Raymond James Bank; and Other.

The segments are determined based upon factors such as the services provided and the distribution channels served and are consistent with how we assess performance and determine how to allocate our resources. For a further discussion of our segments, see Note 26 of our 2021 Form 10-K.

The following table presents information concerning operations in these segments.

	Three months ended December 31,
$ in millions	2021		2020
Net revenues:
Private Client Group	$	1,839	$	1,467
Capital Markets	614		452
Asset Management	236		195
Raymond James Bank	183		167
Other	(15)		4
Intersegment eliminations	(76)		(63)
Total net revenues	$	2,781	$	2,222
Pre-tax income/(loss):
Private Client Group	$	195	$	140
Capital Markets	201		129
Asset Management	107		83
Raymond James Bank	102		71
Other	(47)		(24)
Total pre-tax income	$	558	$	399

No individual client accounted for more than ten percent of revenues in any of the periods presented.

The following table presents our net interest income on a segment basis.

	Three months ended December 31,
$ in millions	2021		2020
Net interest income/(expense):
Private Client Group	$	30	$	28
Capital Markets	3		1
Raymond James Bank	177		157
Other	(22)		(21)
Net interest income	$	188	$	165

The following table presents our total assets on a segment basis.

$ in millions	December 31, 2021		September 30, 2021
Total assets:
Private Client Group	$	25,431	$	20,270
Capital Markets	2,027		2,457
Asset Management	482		476
Raymond James Bank	37,789		36,154
Other	2,732		2,534
Total	$	68,461	$	61,891

The following table presents goodwill, which was included in our total assets, on a segment basis.

$ in millions	December 31, 2021		September 30, 2021
Goodwill:
Private Client Group	$	417	$	417
Capital Markets	174		174
Asset Management	69		69
Total	$	660	$	660

We have operations in the U.S., Canada and Europe. Substantially all long-lived assets are located in the U.S.  The following table presents our net revenues and pre-tax income classified by major geographic area in which they were earned.

	Three months ended December 31,
$ in millions	2021		2020
Net revenues:
U.S.	$	2,589	$	2,079
Canada	137		105
Europe	55		38
Total	$	2,781	$	2,222
Pre-tax income:
U.S.	$	531	$	396
Canada	17		1
Europe	10		2
Total	$	558	$	399

The following table presents our total assets by major geographic area in which they were held.

$ in millions	December 31, 2021		September 30, 2021
Total assets:
U.S.	$	64,589	$	57,952
Canada	3,670		3,724
Europe	202		215
Total	$	68,461	$	61,891

The following table presents goodwill, which was included in our total assets, classified by major geographic area in which it was held.

$ in millions	December 31, 2021		September 30, 2021
Goodwill:
U.S.	$	619	$	619
Canada	25		25
Europe	16		16
Total	$	660	$	660