Friday 6 November 2026 Export JEF’s income statement to Excel — free account

Jefferies Financial Group Inc.

Jefferies Financial Group Inc.’s revenue for fiscal 2025 (year ended November 2025) was $7.3 billion, up 4.39% from fiscal 2024.

Revenue: +8.52%
EPS: +17.3%
Free cash flow: +1,563.1%
Total debt: +21.4%

Quarter to August 2026, against a year earlier

48.90 2.27 −4.44%

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Market cap: $11.2B
P/E: 12.7×
Fwd P/E: 12.4×
Dividend yield: 3.27%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Jefferies Financial Group Inc. (JEF) revenue by segment, product and region

Revenue by product or service $m

Line	FY2024	FY2021
Investment banking	3,303 67.98%	4,366 71.08%
Equities	1,075 22.12%	882 14.36%
Other Investments	421 8.67%	865 14.09%
Asset management	51 1.04%	15 0.24%
Fixed income	9 0.18%	14 0.23%
Also reported: a second breakdown of the same revenue
Investment banking - Advisory	1,812 37.29%	1,874 30.51%
Investment banking - Underwriting	1,491 30.69%	2,492 40.58%
Commissions and other fees	1,085 22.34%	896 14.59%
Internet connection and broadband revenues	241 4.96%	—
Real estate revenues	119 2.45%	102 1.67%
Product and Service, Other	59 1.22%	41 0.67%
Asset management fees	51 1.04%	15 0.24%
Manufacturing revenues	—	539 8.77%
Oil and gas revenues	—	183 2.98%
Interest	3,543	—
Principal transactions	1,817	—
Revenue	4,858	6,142

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2011
Investment Banking and Capital Markets	5,088 91.74%	4,386 90.29%	3,075 95.09%	3,733 78.71%	5,262 85.67%	3,324 84.72%	—
Asset Management	458 8.26%	472 9.71%	159 4.91%	1,010 21.29%	880 14.33%	599 15.28%	—
Other Operations	—	—	—	—	—	—	411 63.88%
Corporate	—	—	—	—	—	—	232 36.12%
Revenue	5,546	4,858	3,233	4,743	6,142	3,923	643

Gross profit by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2011
Asset Management	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡
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Revenue by region $m

Line	FY2021	FY2020	FY2019	FY2018
Americas	5,126 83.46%	3,334 84.97%	2,330 83.51%	2,731 87.54%
Europe and the Middle East	770 12.53%	408 10.41%	381 13.64%	306 9.80%
Asia-Pacific	246 4.01%	181 4.61%	79 2.85%	83 2.66%
Revenue	6,142	3,923	2,790	3,120

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Average VaR	Q2 FY2026	$10.4M	$10.5M	−0.67%
Number of employees, at period end	Q2 FY2026	7.1K	7.9K	−10.18%
Number of employees excluding OpNet, Tessellis and Stratos at period end	Q2 FY2026	6.6K	6.2K	+6.11%
Number of trading loss days	Q2 FY2026	7.00	3.00	+133.33%

	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
Average VaR	‡	‡	‡	‡	‡	‡	‡	‡	‡
Number of employees, at period end	‡	‡	‡	‡	‡	‡	‡	‡	‡
Number of employees excluding OpNet, Tessellis and Stratos at period end	‡	‡	‡	‡	‡	‡	‡	‡	‡
Number of trading loss days	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.