Home / Business and Economy / Stifel Revenue Falls 25.5% But Profit Beats Estimates
Stifel Revenue Falls 25.5% But Profit Beats Estimates
22 Jul
Summary
- Stifel's Q2 revenue declined 25.5% year-on-year to $956.5 million.
- Non-GAAP profit per share exceeded analyst expectations by 4.3%.
- Assets Under Management grew 16.2% to $239.8 billion in the quarter.
In the second quarter of CY2026, Stifel Financial reported a substantial 25.5% year-on-year revenue decline, with sales totaling $956.5 million against analyst expectations. However, the company managed to exceed Wall Street's profit forecasts, achieving a non-GAAP earnings per share of $1.42, which was 4.3% higher than anticipated.
Despite the revenue miss, Stifel's Assets Under Management demonstrated significant growth, climbing 16.2% to $239.8 billion. The firm's pre-tax profit reached $361.8 million, reflecting a 37.8% margin. Management highlighted a strong first half of 2026, emphasizing strategic execution in revenue growth, operating leverage, and capital deployment.
Stifel, with roots dating back to 1890, offers a range of financial services including wealth management and investment banking. Over the last two years, its annualized revenue growth has been 8.6%, an improvement over its five-year trend. The company was also recognized by J.D. Power for employee advisor satisfaction for the fourth consecutive year.
