Jefferies Financial Group Inc. (JEF) reported $12.17B of revenue for the twelve months ended Aug 31, 2026. That is up 13.5% from the year before. Revenue for fiscal 2025 was $10.82B.

Yes. Jefferies Financial Group Inc. earned $857.62M in net income for the twelve months ended Aug 31, 2026, a net margin of 7.0%.

How much cash and debt does JEF have?

Jefferies Financial Group Inc. reported $16.88B in cash and cash equivalents and $18.46B of debt on its most recent balance sheet in SEC filings.

How fast is JEF revenue growing?

Jefferies Financial Group Inc.'s revenue changed +2.9% in fiscal 2025, to $10.82B. Its compound annual growth rate was +9.5% over 5 years and -0.8% over 10 years.

What is JEF gross margin?

Jefferies Financial Group Inc.'s gross profit was $12.01B on $12.17B of revenue for the twelve months ended Aug 31, 2026, a gross margin of 98.7%.

What is JEF free cash flow?

Jefferies Financial Group Inc. generated $4.20B of free cash flow for the twelve months ended Aug 31, 2026, which is operating cash flow of $4.42B less capital expenditures.

When did JEF last report financial results?

The latest statements here come from Jefferies Financial Group Inc.'s 10-Q filed on Oct 9, 2026, covering the period ended Aug 31, 2026.

Financials · JEF

Jefferies Financial Group Inc. (JEF) financials

For the twelve months ended Aug 31, 2026, Jefferies Financial Group Inc. reported $12.17B of revenue and $857.62M of net income.

Revenue, TTM: $12.17B
Revenue growth, YoY: +13.5%
Net income, TTM: $857.62M
Net income growth, YoY: +26.6%
Net margin: 7.0%
Free cash flow, TTM: $4.20B
Cash: $16.88B
Total debt: $18.46B
P/E: 13.23
P/S: 0.93
Market cap: $11.34B

Annual revenue$10.82B

FY2015FY2025

Annual net income$630.79M

FY2015FY2025

Annual free cash flow-$1.70B

FY2020FY2025

JEF revenue and earnings growth

JEF revenueQ3 2026$3.23B

Quarter YoY: +11.1%
QoQ: +3.6%
FY YoY: +2.9%
5Y CAGR: +9.5%
10Y CAGR: -0.8%

JEF revenue was $3.23B in fiscal Q3 2026 (ended Aug 31, 2026), up 11.1% from a year earlier and up 3.6% from the prior quarter. For the full fiscal 2025 it was $10.82B, up 2.9% from fiscal 2024. Compound annual growth was +9.5% over 5 years and -0.8% over 10 years. It rose in 5 of the last 6 fiscal years.

JEF net incomeQ3 2026$288.25M

Quarter YoY: +18.9%
QoQ: +15.3%
FY YoY: -5.7%
5Y CAGR: -3.8%
10Y CAGR: +8.5%

JEF net income was $288.25M in fiscal Q3 2026 (ended Aug 31, 2026), up 18.9% from a year earlier and up 15.3% from the prior quarter. For the full fiscal 2025 it was $630.79M, down 5.7% from fiscal 2024. Compound annual growth was -3.8% over 5 years and +8.5% over 10 years. It rose in 2 of the last 6 fiscal years.

JEF EPSQ1 2026$0.70

Quarter YoY: +22.8%
QoQ: -17.6%
FY YoY: -5.4%
5Y CAGR: +1.3%

JEF diluted EPS was $0.70 in fiscal Q1 2026 (ended Feb 28, 2026), up 22.8% from a year earlier and down 17.6% from the prior quarter. For the full fiscal 2025 it was $2.83, down 5.4% from fiscal 2024. Compound annual growth was +1.3% over 5 years.

JEF free cash flowQ3 2026$2.54B

Quarter YoY: 20x
QoQ: +63.9%

JEF free cash flow was $2.54B in fiscal Q3 2026 (ended Aug 31, 2026), up about 20-fold from a year earlier and up 63.9% from the prior quarter. For the full fiscal 2025 it was -$1.70B, compared with -$391.05M in fiscal 2024.

Export CSV

Income statement

Income statement
Line item	FY2025 Nov 30, 2025	FY2024 Nov 30, 2024	FY2023 Nov 30, 2023	FY2022 Nov 30, 2022	FY2021 Nov 30, 2021	FY2020 Nov 30, 2020	FY2019 Nov 30, 2019	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016	FY2015 Dec 31, 2015
Revenue	$10.82B	$10.52B	$7.44B	$7.15B	$8.95B	$6.88B	$5.36B	$5.05B	$3.85B	$11.68B
Cost of revenue	$190.93M	$206.28M	$29.43M	$440.84M	$470.87M	$338.59M	$319.64M	$280.95M	$337.04M	$7.68B
Gross profit	$10.63B	$10.31B	$7.41B	$6.71B	$8.47B	$6.54B	$5.04B	$4.77B	$3.51B	$4.01B
Selling, general and admin	-	-	-	-	$0	$0	$1.01B	$778.05M	$797.13M	$757.79M
Interest expense	-	-	$2.74B	$1.17B	$931.64M	$1.03B	$87.18M	$101.20M	$95.76M	$115.80M
Pre-tax income	$870.99M	$1.01B	$354.27M	$1.06B	$2.25B	$1.07B	$478.61M	$606.50M	-$12.59M	$356.54M
Income tax	$184.57M	$293.19M	$91.88M	$273.85M	$576.73M	$298.67M	-$483.95M	$642.29M	$25.77M	$109.95M
Net income	$630.79M	$669.27M	$260.94M	$774.15M	$1.66B	$764.81M	$959.59M	$167.35M	$125.94M	$279.59M
EPS, basic	$2.93	$3.08	$1.12	$3.13	$6.29	$2.68	$3.07	$0.45	$0.34	$0.74
EPS, diluted	$2.83	$2.99	$1.10	$3.06	$6.13	$2.65	$3.03	$0.45	$0.34	$0.74
Diluted shares	222.7M	223.7M	236.6M	255.6M	271.5M	290.5M	317.0M	370.7M	371.5M	372.4M

Balance sheet

Balance sheet
Line item	FY2025 Nov 30, 2025	FY2024 Nov 30, 2024	FY2023 Nov 30, 2023	FY2022 Nov 30, 2022	FY2021 Nov 30, 2021	FY2020 Nov 30, 2020	FY2019 Nov 30, 2019	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016	FY2015 Dec 31, 2015
Cash and equivalents	$14.04B	$13.17B	$9.83B	$10.71B	$11.83B	$9.66B	$8.48B	$5.77B	$4.60B	$4.46B
Inventory	-	-	-	-	-	-	-	-	$309.94M	$288.07M
Goodwill	$1.84B	$1.83B	$1.85B	$1.74B	$1.75B	$1.75B	$1.74B	$1.72B	$1.72B	$1.74B
Total assets	$76.01B	$64.36B	$57.91B	$51.06B	$56.11B	$53.12B	$49.46B	$47.17B	$45.07B	$46.33B
Short-term debt	$1.77B	$443.16M	$989.72M	$528.39M	$221.86M	$764.72M	$548.49M	$436.21M	$525.84M	$310.66M
Total debt	$15.90B	$13.53B	$9.70B	$8.77B	$9.13B	$8.35B	$8.34B	$7.89B	$7.38B	$7.40B
Total liabilities	$65.37B	$54.13B	$48.10B	$40.63B	$45.38B	$43.53B	$39.71B	$36.48B	$34.31B	$35.55B
Shareholders' equity	$10.57B	$10.16B	$9.80B	$10.30B	$10.58B	$9.44B	$9.60B	$10.14B	$10.30B	$10.47B

Cash flow

Cash flow
Line item	FY2025 Nov 30, 2025	FY2024 Nov 30, 2024	FY2023 Nov 30, 2023	FY2022 Nov 30, 2022	FY2021 Nov 30, 2021	FY2020 Nov 30, 2020	FY2019 Nov 30, 2019	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016	FY2015 Dec 31, 2015
Operating cash flow	-$1.50B	-$140.47M	-$1.93B	$1.80B	$1.58B	$2.06B	-$827.84M	$788.29M	$572.41M	-$761.75M
Capital expenditures	$207.47M	$250.58M	$1.16M	$224.30M	$165.60M	$176.96M	-	-	-	-
Free cash flow	-$1.70B	-$391.05M	-$1.93B	$1.58B	$1.42B	$1.88B	-	-	-	-
Investing cash flow	-$298.81M	$210.31M	-$12.20M	-$60.54M	-$409.87M	-$165.68M	$1.71B	-$54.63M	-$636.22M	$781.16M
Financing cash flow	$3.59B	$3.52B	$1.06B	-$2.84B	$994.29M	-$723.52M	$1.59B	$434.80M	$230.91M	-$651.98M
Dividends paid	$374.13M	$302.96M	$278.60M	$280.10M	$222.80M	$160.94M	$149.65M	$117.41M	$91.30M	$92.55M
Share repurchases	$58.52M	$44.31M	$169.40M	$859.59M	$269.40M	$816.87M	$509.91M	$100.48M	$95.02M	$125.75M
Stock-based compensation	$88.23M	$63.12M	$45.36M	$43.92M	$78.16M	$40.04M	$49.85M	$48.38M	$33.60M	$74.09M
Depreciation and amortization	$192.28M	$190.33M	$112.20M	$172.90M	$157.42M	$158.44M	$152.87M	$110.39M	$117.11M	$224.13M

Key ratios

Key ratios
Line item	FY2025 Nov 30, 2025	FY2024 Nov 30, 2024	FY2023 Nov 30, 2023	FY2022 Nov 30, 2022	FY2021 Nov 30, 2021	FY2020 Nov 30, 2020	FY2019 Nov 30, 2019	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016	FY2015 Dec 31, 2015
Revenue growth, YoY	2.9%	41.3%	4.1%	-20.1%	30.0%	28.4%	-	31.2%	-67.1%	-5.3%
Net income growth, YoY	-5.7%	156.5%	-66.3%	-53.3%	116.7%	-20.3%	-	32.9%	-55.0%	36.8%
EPS growth, YoY	-5.4%	171.8%	-64.1%	-50.1%	131.3%	-12.5%	-	32.4%	-54.1%	37.0%
Gross margin	98.2%	98.0%	99.6%	93.8%	94.7%	95.1%	94.0%	94.4%	91.2%	34.3%
Net margin	5.8%	6.4%	3.5%	10.8%	18.5%	11.1%	17.9%	3.3%	3.3%	2.4%
Free cash flow margin	-15.7%	-3.7%	-26.0%	22.1%	15.8%	27.3%	-	-	-	-
Return on equity	6.0%	6.6%	2.7%	7.5%	15.7%	8.1%	10.0%	1.7%	1.2%	2.7%
Return on assets	0.8%	1.0%	0.5%	1.5%	3.0%	1.4%	1.9%	0.4%	0.3%	0.6%
Debt to equity	1.50	1.33	0.99	0.85	0.86	0.88	0.87	0.78	0.72	0.71

Income statement

Income statement
Line item	Q3 2026 Aug 31, 2026	Q2 2026 May 31, 2026	Q1 2026 Feb 28, 2026	Q4 2025* Nov 30, 2025	Q3 2025 Aug 31, 2025	Q2 2025 May 31, 2025	Q1 2025 Feb 28, 2025	Q4 2024* Nov 30, 2024	Q3 2024 Aug 31, 2024	Q2 2024 May 31, 2024	Q1 2024 Feb 29, 2024	Q4 2023* Nov 30, 2023
Revenue	$3.23B	$3.12B	$2.87B	$2.95B	$2.91B	$2.49B	$2.47B	$2.85B	$2.60B	$2.52B	$2.55B	$1.97B
Cost of revenue	$22.92M	$31.25M	$29.92M	$71.97M	$34.43M	$42.96M	$41.57M	$96.75M	$37.40M	$37.46M	$34.67M	$23.29M
Gross profit	$3.21B	$3.09B	$2.84B	$2.88B	$2.87B	$2.45B	$2.43B	$2.75B	$2.56B	$2.48B	$2.52B	$1.95B
Interest expense	-	-	-	-	-	-	-	-	-	$859.85M	$813.74M	$771.53M
Pre-tax income	$351.04M	$315.55M	$212.22M	$253.21M	$331.81M	$134.90M	$151.06M	$304.86M	$252.69M	$227.75M	$220.24M	$87.26M
Income tax	$62.78M	$65.57M	$52.87M	$37.54M	$89.31M	$43.51M	$14.22M	$86.12M	$78.01M	$73.11M	$55.96M	$16.83M
Net income	$288.25M	$249.98M	$159.35M	$160.04M	$242.50M	$91.39M	$136.85M	$206.55M	$167.13M	$145.74M	$149.64M	$64.55M
EPS, basic	-	-	$0.72	$0.88	$1.04	$0.41	$0.60	$0.96	$0.78	$0.66	$0.68	$0.29
EPS, diluted	-	-	$0.70	$0.85	$1.01	$0.40	$0.57	$0.94	$0.75	$0.64	$0.66	$0.29
Diluted shares	-	-	223.3M	-	222.7M	221.9M	222.4M	-	221.7M	226.1M	225.3M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Aug 31, 2026	Q2 2026 May 31, 2026	Q1 2026 Feb 28, 2026	Q4 2025* Nov 30, 2025	Q3 2025 Aug 31, 2025	Q2 2025 May 31, 2025	Q1 2025 Feb 28, 2025	Q4 2024* Nov 30, 2024	Q3 2024 Aug 31, 2024	Q2 2024 May 31, 2024	Q1 2024 Feb 29, 2024	Q4 2023* Nov 30, 2023
Cash and equivalents	$16.88B	$14.31B	$11.96B	$14.04B	$12.57B	$12.31B	$12.46B	$13.17B	$11.86B	$11.94B	$8.68B	$9.83B
Goodwill	$1.73B	$1.73B	$1.73B	$1.84B	$1.84B	$1.84B	$1.82B	$1.83B	$1.83B	$1.82B	$1.82B	$1.85B
Total assets	$81.30B	$79.54B	$74.38B	$76.01B	$69.32B	$67.29B	$70.22B	$64.36B	$63.28B	$63.00B	$60.93B	$57.91B
Short-term debt	-	-	$1.92B	$1.77B	$1.23B	$1.32B	$1.17B	$443.16M	$1.72B	$1.63B	$1.25B	$989.72M
Total debt	$18.46B	$18.04B	$17.23B	$15.90B	$16.01B	$15.35B	$14.79B	$13.53B	$12.92B	$12.67B	$9.92B	$9.70B
Total liabilities	$70.55B	$68.93B	$63.72B	$65.37B	$58.82B	$56.90B	$59.95B	$54.13B	$53.16B	$53.05B	$51.07B	$48.10B
Shareholders' equity	$10.71B	$10.57B	$10.61B	$10.57B	$10.50B	$10.38B	$10.27B	$10.16B	$10.12B	$9.95B	$9.87B	$9.80B

Cash flow

Cash flow
Line item	Q3 2026 Aug 31, 2026	Q2 2026 May 31, 2026	Q1 2026 Feb 28, 2026	Q4 2025* Nov 30, 2025	Q3 2025 Aug 31, 2025	Q2 2025 May 31, 2025	Q1 2025 Feb 28, 2025	Q4 2024* Nov 30, 2024	Q3 2024 Aug 31, 2024	Q2 2024 May 31, 2024	Q1 2024 Feb 29, 2024	Q4 2023* Nov 30, 2023
Operating cash flow	$2.59B	$1.60B	-$1.74B	$1.96B	$184.19M	-$978.33M	-$2.67B	$1.71B	-$670.04M	$77.57M	-$1.26B	-$43.65M
Capital expenditures	$49.34M	$48.00M	$64.86M	$56.04M	$58.18M	$43.67M	$49.58M	$69.93M	$35.80M	$48.62M	$96.24M	-$79.06M
Free cash flow	$2.54B	$1.55B	-$1.80B	$1.91B	$126.01M	-$1.02B	-$2.71B	$1.64B	-$705.84M	$28.96M	-$1.35B	-$122.71M
Investing cash flow	-$147.51M	-$82.89M	-$129.26M	-$87.08M	-$54.58M	-$99.37M	-$57.77M	-$106.53M	$427.29M	$34.83M	-$145.29M	$243.83M
Financing cash flow	$154.09M	$248.47M	$627.10M	$533.69M	$172.97M	$859.11M	$2.03B	-$281.17M	$301.77M	$3.18B	$320.90M	$42.24M
Dividends paid	$91.86M	$91.81M	$92.79M	$93.54M	$93.53M	$94.32M	$92.73M	$81.57M	$81.57M	$69.91M	$69.91M	$69.98M
Share repurchases	$68.22M	$197.41M	$174.30M	$29.0K	$918.0K	$1.25M	$56.32M	$1.0K	$332.0K	$946.0K	$43.03M	$4.13M
Stock-based compensation	$22.17M	$22.93M	$50.67M	$20.42M	$13.98M	$18.19M	$35.64M	$15.17M	$13.38M	$14.36M	$20.21M	$9.88M
Depreciation and amortization	$43.28M	$47.33M	$56.87M	$55.81M	$53.23M	$52.25M	$30.99M	$51.20M	$45.98M	$49.95M	$43.20M	$28.31M

Key ratios

Key ratios
Line item	Q3 2026 Aug 31, 2026	Q2 2026 May 31, 2026	Q1 2026 Feb 28, 2026	Q4 2025* Nov 30, 2025	Q3 2025 Aug 31, 2025	Q2 2025 May 31, 2025	Q1 2025 Feb 28, 2025	Q4 2024* Nov 30, 2024	Q3 2024 Aug 31, 2024	Q2 2024 May 31, 2024	Q1 2024 Feb 29, 2024	Q4 2023* Nov 30, 2023
Revenue growth, YoY	11.1%	25.0%	16.1%	3.4%	12.0%	-0.9%	-3.1%	44.8%	27.2%	52.4%	43.3%	8.9%
Net income growth, YoY	18.9%	173.5%	16.4%	-22.5%	45.1%	-37.3%	-8.5%	220.0%	225.5%	1076.1%	12.4%	-53.0%
EPS growth, YoY	-	-	22.8%	-9.6%	34.7%	-37.5%	-13.6%	224.1%	240.9%	1180.0%	22.2%	-51.7%
Gross margin	99.3%	99.0%	99.0%	97.6%	98.8%	98.3%	98.3%	96.6%	98.6%	98.5%	98.6%	98.8%
Net margin	8.9%	8.0%	5.5%	5.4%	8.3%	3.7%	5.5%	7.2%	6.4%	5.8%	5.9%	3.3%
Free cash flow margin	78.7%	49.8%	-62.8%	64.7%	4.3%	-41.0%	-109.8%	57.5%	-27.2%	1.2%	-53.1%	-6.2%
Debt to equity	1.72	1.71	1.62	1.50	1.52	1.48	1.44	1.33	1.28	1.27	1.01	0.99

Source: XBRL data Jefferies Financial Group Inc. files with the SEC, latest filing dated Oct 9, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

JEF peers

Company	Revenue	Growth	Net income	Net margin	Market cap
JEF	$12.17B	+13.5%	$857.62M	7.0%	$11.34B
MSMorgan Stanley	$80.16B	+16.2%	$20.45B	25.5%	$292.45B
GSGoldman Sachs Group Inc.	$69.70B	+18.7%	$22.17B	31.8%	$261.38B
BLKBlackRock Inc.	$28.54B	+24.7%	$6.91B	24.2%	$187.58B
SCHWCharles Schwab Corporation	$27.06B	+18.1%	$10.64B	39.3%	$160.36B
CMECME Group Inc.	$6.97B	+9.0%	$4.43B	63.5%	$109.00B
ICEIntercontinental Exchange Inc.	$14.05B	+12.1%	$4.16B	29.6%	$97.26B
HOODRobinhood Markets Inc.	$5.08B	+20.9%	$1.98B	39.0%	$75.03B
NDAQNasdaq Inc.	$9.15B	+11.5%	$2.08B	22.8%	$60.21B

JEF FAQ

8 questions

What is JEF revenue?
Jefferies Financial Group Inc. (JEF) reported $12.17B of revenue for the twelve months ended Aug 31, 2026. That is up 13.5% from the year before. Revenue for fiscal 2025 was $10.82B.
Is JEF profitable?
Yes. Jefferies Financial Group Inc. earned $857.62M in net income for the twelve months ended Aug 31, 2026, a net margin of 7.0%.
How much cash and debt does JEF have?
Jefferies Financial Group Inc. reported $16.88B in cash and cash equivalents and $18.46B of debt on its most recent balance sheet in SEC filings.
How fast is JEF revenue growing?
Jefferies Financial Group Inc.'s revenue changed +2.9% in fiscal 2025, to $10.82B. Its compound annual growth rate was +9.5% over 5 years and -0.8% over 10 years.
What is JEF gross margin?
Jefferies Financial Group Inc.'s gross profit was $12.01B on $12.17B of revenue for the twelve months ended Aug 31, 2026, a gross margin of 98.7%.
What is JEF free cash flow?
Jefferies Financial Group Inc. generated $4.20B of free cash flow for the twelve months ended Aug 31, 2026, which is operating cash flow of $4.42B less capital expenditures.
When did JEF last report financial results?
The latest statements here come from Jefferies Financial Group Inc.'s 10-Q filed on Oct 9, 2026, covering the period ended Aug 31, 2026.
Where does this JEF financial data come from?
Quantisnow builds these statements from the structured XBRL data Jefferies Financial Group Inc. files with the SEC. It is provided for information only and is not investment advice.