Statement of Income Reporting Changes

Effective with the firm's first fiscal quarter ended December 31, 2018, Raymond James Financial, Inc. has reclassified certain revenues among income statement line items and renamed certain line items. The firm has filed a Current Report on Form 8-K (“Form 8-K”) to describe these reclassifications, which is included in the link below. Prior period results, which are presented in Exhibit 99.1 to the Form 8-K and in the Excel files provided in the link below, have been conformed to the current presentation.