Jefferies Financial Group Inc. JEF

Financials SIC 6211 - Security Brokers, Dealers & Flotation Companies NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Securities and Commodity Contracts Intermediation and Brokerage › Investment Banking and Securities Intermediation derived NYSE

Last close 44.79 2026-10-23
Market cap $9.16B 2026-02-28 share count
52-week range 35.53 - 66.59

Valuation FY2025 figures against the last close

P/S1.7x
P/E15.8x
P/FCF—
EV/EBITDA—
Dividend yield4.1%
Diluted EPS2.83

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Investment Banking and Capital Markets
  • Asset Management
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Investment Banking and Capital Markets, FY2025: 5.1B (91.7%) 92% Investment Banking and Capital Markets Asset Management, FY2025: 458.2M (8.3%) 8% FY2024 Investment Banking and Capital Markets, FY2024: 4.4B (90.3%) 90% Asset Management, FY2024: 471.8M (9.7%) 10% FY2023 Investment Banking and Capital Markets, FY2023: 3.1B (95.1%) 95% Asset Management, FY2023: 158.7M (4.9%) 5%
Segment FY2025FY2024FY2023
Investment Banking and Capital Markets $5.09B $4.39B $3.07B
Asset Management $458.2M $471.8M $158.7M

As the company reported it, from the “Revenues from Contracts with Customers - Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $5.55B$4.86B$3.23B$4.74B$6.14B$3.92B$2.79B$3.12B$5.05B$3.85B
Cost of revenue $190.9M$206.3M$29.4M$440.8M$470.9M$338.6M$319.6M$307.1M$281.0M$337.0M
Gross profit $5.36B$4.65B$3.20B$4.30B$5.67B$3.58B$2.47B$2.81B$4.77B$3.51B
SG&A ————$0$0$1.01B$961.3M$778.1M$797.1M
Total operating expenses ————$5.84B$4.87B$3.62B$3.52B$3.34B$3.20B
Interest expense ——$2.74B$1.17B$931.6M$1.03B$87.2M$89.2M$101.2M$95.8M
Pre-tax income $871.0M$1.01B$354.3M$1.06B$2.25B$1.07B$478.6M$296.1M$618.1M-$12.6M
Income tax $184.6M$293.2M$91.9M$273.9M$576.7M$298.7M$484.0M$19.0M$195.6M$25.8M
Net income $682.0M$716.0M$262.4M$781.7M$1.68B$768.4M$959.6M$1.02B$610.3M$125.9M
EPS, basic 2.933.081.123.136.292.683.072.931.650.34
EPS, diluted 2.832.991.103.066.132.653.032.901.630.34
Shares, diluted (wtd. avg.) 222.7M223.7M236.6M255.6M271.5M290.5M317.0M351.3M370.7M371.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $14.04B$12.15B$9.83B$10.71B$11.83B$9.66B$8.48B$6.01B$5.77B$4.60B
Inventory —————————$309.9M
Property, plant and equipment ——————$385.0M$351.0M$750.4M$709.2M
Goodwill $1.84B$1.83B$1.85B$1.74B$1.75B$1.75B$1.74B$1.70B$1.72B$1.72B
Other intangibles $202.6M$226.4M$196.9M$139.5M$152.4M$167.2M$183.0M$188.3M$741.0M$798.0M
Total assets $76.01B$64.36B$57.91B$51.06B$56.11B$53.12B$49.46B$47.13B$47.17B$45.07B
Short-term debt $1.77B$443.2M$989.7M$528.4M$221.9M$764.7M$548.5M$387.5M$436.2M$525.8M
Long-term debt $15.90B$13.53B$9.70B$8.77B$9.13B$8.35B$8.34B$7.62B$7.89B$7.38B
Total liabilities $65.37B$54.13B$48.10B$40.63B$45.38B$43.53B$39.71B$36.91B$36.48B$34.31B
Retained earnings $8.57B$8.27B$7.85B$8.42B$7.94B$6.53B$5.93B$5.61B$4.70B$4.65B
Total equity $10.57B$10.16B$9.80B$10.30B$10.58B$9.44B$9.60B$10.08B$10.14B$10.30B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$1.50B-$140.5M-$1.93B$1.80B$1.58B$2.06B-$827.8M$691.1M$788.3M$572.4M
Depreciation and amortisation $192.3M$190.3M$112.2M$172.9M$157.4M$158.4M$152.9M$120.3M$110.4M$117.1M
Stock-based compensation $88.2M$63.1M$45.4M$43.9M$78.2M$40.0M$49.8M$48.2M$48.4M$33.6M
Capital expenditure $207.5M$250.6M$1.2M$224.3M$165.6M$177.0M————
Investing cash flow -$298.8M$210.3M-$12.2M-$60.5M-$409.9M-$165.7M$1.71B$142.4M-$54.6M-$636.2M
Financing cash flow $3.59B$3.52B$1.06B-$2.84B$994.3M-$723.5M$1.59B-$575.8M$434.8M$230.9M
Dividends paid $374.1M$303.0M$278.6M$280.1M$222.8M$160.9M$149.6M$151.8M$117.4M$91.3M
Buybacks $58.5M$44.3M$169.4M$859.6M$269.4M$816.9M$509.9M$1.13B$100.5M$95.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000096223-26-000009.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B 8B Revenue, FY2016: 3.8B Gross profit, FY2016: 3.5B Net income, FY2016: 125.9M Revenue, FY2017: 5B Gross profit, FY2017: 4.8B Net income, FY2017: 610.3M Revenue, FY2018: 3.1B Gross profit, FY2018: 2.8B Net income, FY2018: 1B Revenue, FY2019: 2.8B Gross profit, FY2019: 2.5B Net income, FY2019: 959.6M Revenue, FY2020: 3.9B Gross profit, FY2020: 3.6B Net income, FY2020: 768.4M Revenue, FY2021: 6.1B Gross profit, FY2021: 5.7B Net income, FY2021: 1.7B Revenue, FY2022: 4.7B Gross profit, FY2022: 4.3B Net income, FY2022: 781.7M Revenue, FY2023: 3.2B Gross profit, FY2023: 3.2B Net income, FY2023: 262.4M Revenue, FY2024: 4.9B Gross profit, FY2024: 4.7B Net income, FY2024: 716M Revenue, FY2025: 5.5B Gross profit, FY2025: 5.4B Net income, FY2025: 682M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.85B $5.05B $3.12B $2.79B $3.92B $6.14B $4.74B $3.23B $4.86B $5.55B
Gross profit $3.51B $4.77B $2.81B $2.47B $3.58B $5.67B $4.30B $3.20B $4.65B $5.36B
Net income $125.9M $610.3M $1.02B $959.6M $768.4M $1.68B $781.7M $262.4M $716.0M $682.0M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event Item 8.01
  • Other event Item 8.01
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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