The financials
Jefferies Financial Group Inc. by the numbers
Jefferies Financial Group Inc. (JEF) reported revenue of $3.12B in Q2 2026 (quarter ended May 31, 2026), up 25% from the same quarter a year earlier. That came with a gross margin of 99% and net income of $250M (8.0% of revenue). For the full year FY2025, revenue was $10.8B (+2.9% year on year) and net income $682M. Its largest product in 2026-Q2 was Interest at $854M, 30% of the disclosed total, just ahead of Investment Banking Underwriting at 18%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $3.12B | $2.49B | +25% |
| Gross profit | $3.09B | $2.45B | +26% |
| Operating income | $1.20B | $952M | +26% |
| Net income | $250M | $91M | +174% |
| Diluted EPS | n/a | $0.40 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Interest | $854M | 30% |
| Investment Banking Underwriting | $531M | 18% |
| Principal Transactions | $489M | 17% |
| Commissions And Other Fees | $401M | 14% |
| Equities | $389M | 13% |
| Product And Service Other | $156M | 5.4% |
| Internet Connection And Boadband | $54M | 1.9% |
| Asset Management1 | $9.8M | 0.3% |
| Investment Banking | $4.9M | 0.2% |
| Real Estate | $2.3M | 0.1% |
| Fixed Income Services | $1.6M | 0.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $2.89B (+4.8%)
Investment Banking Underwriting grew +62% year on yearReal Estate -86% year on year
Segment Latestquarter on quarteryear on year
- Interest$854.0M$854.0MQoQ +5.0%year on year -2.7%+5.0%-2.7%
- Investment Banking Underwriting$530.9M$530.9MQoQ +8.8%year on year +62%+8.8%+62%
- Principal Transactions$488.7M$488.7MQoQ +0.24%year on year +44%+0.24%+44%
- Commissions And Other Fees$400.6M$400.6MQoQ +9.0%year on year +13%+9.0%+13%
- Equities$389.2M$389.2MQoQ +8.3%year on year +14%+8.3%+14%
- Product And Service Other$155.5M$155.5MQoQ +32%year on year +35%+32%+35%
- Internet Connection And Boadb and$54.1M$54.1MQoQ +3.2%year on year -4.5%+3.2%-4.5%
- Asset Management1$9.8M$9.8MQoQ -85%year on year -51%-85%-51%
- Investment Banking$4.9M$4.9MQoQ +48%year on year +29%+48%+29%
- Real Estate$2.3M$2.3MQoQ +2.2%year on year -86%+2.2%-86%
- Fixed Income Services$1.6M$1.6MQoQ -3.1%year on year -18%-3.1%-18%
- Asset Management Services$0.00$0.00QoQ -year on year ---
- Other Investments1$0.00$0.00QoQ -year on year ---
Capital Markets
Ranks #29 of 40 by Smart Score