What is Jefferies Financial Group Inc.'s earnings per share (EPS)?

Jefferies Financial Group Inc. (JEF) reported diluted earnings per share of $2.83 for fiscal year 2025. This represents a -5.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Jefferies Financial Group Inc. (JEF) Financials

JEF

Trailing 12 months to August 31, 2026

Revenue $8.5B +17.7% YoY

Net Income $908.9M +30.8% YoY

EPS (Diluted) $2.83 FY2025 annual

Free Cash Flow $4.2B +313.1% YoY

Market Cap $10.2B as of Oct 10, 2026

Price / Sales 1.2x on $8.5B revenue, trailing 12 months to August 31, 2026

Price / Earnings 11.3x on $908.9M net income, trailing 12 months to August 31, 2026

Price / Book 1.0x on $10.7B equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Aug 31, 2026 Reported Oct 9, 2026 Currency USD FYE November

Newest figures come from the 10-Q for Q3 FY2026, filed Oct 9, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the JEF SEC filings page.

Jefferies Financial Group Inc. (JEF) reported $8.5B in revenue over the twelve months to Aug 31, 2026, up 17.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI JEF FY2025 2026-10-03

Jefferies is expanding its balance sheet faster than its earnings base, with rising leverage and cash outflows separating reported profit from funding needs.

Cash conversion weakened sharply: FY2025 net income was $682M, yet operating cash flow was -$1.5B and free cash flow was -$1.7B. That gap means reported profitability did not translate into cash during the year, a particularly important distinction for a financial business whose balance-sheet movements can dominate earnings quality.

Leverage has increased materially as total assets reached $76.0B in FY2025 while the debt-to-equity ratio rose to 1.5x, up from 1.0x in FY2023. The company is therefore operating with a larger liability-funded balance sheet, not simply recovering through higher earnings.

Profitability recovered from the FY2023 trough, but returns remain modest relative to the asset base: return on assets improved to 0.9% in FY2025 from 0.5%. Meanwhile, liabilities rose to $65.4B, so the improved earnings level has not yet produced comparable cash generation or materially reduced balance-sheet dependence.

Financial Health Signals

Financial Health Score 41/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Jefferies Financial Group Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

Jefferies Financial Group Inc. earned a return on assets of 0.9% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is down from 1.1% the prior year. Earnings ranks banks on that return over three years, and Jefferies Financial Group Inc. scores 50/100 among other banks.

Growth

Jefferies Financial Group Inc. reported revenue of $7.3B in fiscal year 2025, against $7.0B in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Jefferies Financial Group Inc. scores 82/100 among other banks.

Capital

Jefferies Financial Group Inc. funded 13.9% of its assets with shareholders' equity at the end of fiscal year 2025, holding $10.6B of equity against $76.0B of assets. Capital ranks banks on that cushion, and Jefferies Financial Group Inc. scores 74/100 among other banks.

Efficiency

Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. Jefferies Financial Group Inc. scores 11/100 on it among other banks.

Credit Quality

Not available for Jefferies Financial Group Inc., and counted as zero in the overall score.

Stability

Jefferies Financial Group Inc. reported net income of $682.0M in fiscal year 2025, against $716.0M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Jefferies Financial Group Inc. scores 30/100 among other banks.

Piotroski F-Score Partial

3/8

Jefferies Financial Group Inc. passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

$2.19used

For every $1 of reported earnings, Jefferies Financial Group Inc. used $2.19 of operating cash (-$1.5B OCF vs $682.0M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.2B

YoY+8.5%

QoQ+0.7%

5Y CAGR+2.8%

10Y CAGR-1.7%

Jefferies Financial Group Inc. generated $2.2B in revenue in Q3 2026. This represents an increase of 8.5% from the same quarter a year earlier. Against the prior quarter it is up 0.7%.

Net Income

$288.3M

YoY+18.9%

QoQ+15.3%

5Y CAGR-6.7%

10Y CAGR+17.5%

Jefferies Financial Group Inc. reported $288.3M in net income in Q3 2026. This represents an increase of 18.9% from the same quarter a year earlier. Against the prior quarter it is up 15.3%.

EBITDA

Not reported for Q3 2026.

EPS (Diluted)

Not reported for Q3 2026.

Cash & Balance Sheet

Free Cash Flow

$2.5B

YoY+1917.3%

QoQ+63.9%

Jefferies Financial Group Inc. generated $2.5B in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 1917.3% from the same quarter a year earlier. Against the prior quarter it is up 63.9%.

Cash & Debt

$16.9B

YoY+47.3%

QoQ+17.9%

5Y CAGR+12.2%

10Y CAGR+18.7%

Jefferies Financial Group Inc. held $16.9B in cash against $18.5B in long-term debt as of Q3 2026.

Dividends Per Share

$0.40

YoY0.0%

QoQ0.0%

Jefferies Financial Group Inc. paid $0.40 per share in dividends in Q3 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

230M

YoY+11.3%

QoQ+12.9%

5Y CAGR-1.3%

10Y CAGR-4.4%

Jefferies Financial Group Inc. had 230M shares outstanding in Q3 2026. This represents an increase of 11.3% from the same quarter a year earlier. Against the prior quarter it is up 12.9%.

Margins & Returns

Gross Margin

99.0%

YoY+0.7pp

QoQ+0.4pp

5Y change+6.8pp

Jefferies Financial Group Inc.'s gross margin was 99.0% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Net Margin

13.0%

YoY+1.1pp

QoQ+1.6pp

5Y change-8.1pp

10Y change+10.8pp

Jefferies Financial Group Inc.'s net profit margin was 13.0% in Q3 2026, showing the share of revenue converted to profit. This is up 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.6 percentage points.

Return on Equity

2.7%

YoY+0.4pp

QoQ+0.3pp

5Y change-1.2pp

10Y change+2.1pp

Jefferies Financial Group Inc.'s ROE was 2.7% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.3 percentage points.

Operating Margin

Not reported for Q3 2026.

Capital Allocation

Share Buybacks

$68.2M

YoY+7331.2%

QoQ-65.4%

5Y CAGR+5.7%

10Y CAGR+10.7%

Jefferies Financial Group Inc. spent $68.2M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 7331.2% from the same quarter a year earlier. Against the prior quarter it is down 65.4%.

Capital Expenditures

$49.3M

YoY-15.2%

QoQ+2.8%

Jefferies Financial Group Inc. invested $49.3M in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 15.2% from the same quarter a year earlier. Against the prior quarter it is up 2.8%.

R&D Spending

Not reported for Q3 2026.

JEF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

JEF quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$8.5B	$7.3B+4.4%	$7.0B+49.7%	$4.7B-21.4%	$6.0B-25.4%	$8.0B+37.0%	$5.9B+50.3%	$3.9B+3.4%	$3.8B-7.7%	$4.1B+34.3%	$3.0B-72.1%	$10.9B-5.2%	$11.5B+10.2%	$10.4B+10.9%	$9.4B+1363.5%	$642.6M
Cost of Revenue	$156.1M	$190.9M-7.4%	$206.3M+600.8%	$29.4M-93.3%	$440.8M-6.4%	$470.9M+39.1%	$338.6M+5.9%	$319.6M+4.1%	$307.1M+9.3%	$281.0M-16.6%	$337.0M-95.6%	$7.7B-4.3%	$8.0B+6.0%	$7.6B+1.2%	$7.5B+3363.4%	$216.0M
Gross Profit	$8.4B	$7.2B+4.7%	$6.8B+46.2%	$4.7B-15.7%	$5.5B-26.6%	$7.5B+36.8%	$5.5B+54.3%	$3.6B+3.4%	$3.5B-8.9%	$3.8B+40.7%	$2.7B-15.9%	$3.2B-7.3%	$3.5B+21.1%	$2.9B+48.5%	$1.9B+351.1%	$426.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$17.6M-20.6%	$22.2M
SG&A Expenses	$4.5B	$3.9B+5.5%	$3.7B+44.3%	$2.5B-2.1%	$2.6B	$0	$0-100.0%	$1.0B+5.0%	$961.3M+23.6%	$778.1M-2.4%	$797.1M+5.2%	$757.8M-4.8%	$795.9M+18.0%	$674.2M+246.7%	$194.4M+16.5%	$166.9M
Interest Expense	$3.7B	$3.5B0.0%	$3.5B+27.0%	$2.7B+134.2%	$1.2B+25.6%	$931.6M-9.5%	$1.0B+1081.4%	$87.2M-2.3%	$89.2M-11.8%	$101.2M+5.7%	$95.8M-17.3%	$115.8M-4.2%	$120.9M+42.3%	$85.0M-8.2%	$92.6M-17.1%	$111.7M
Income Tax	$218.8M	$184.6M-37.0%	$293.2M+219.1%	$91.9M-66.4%	$273.9M-52.5%	$576.7M+93.1%	$298.7M+161.7%	-$484.0M-2646.1%	$19.0M-97.0%	$642.3M+2392.1%	$25.8M-76.6%	$109.9M-33.8%	$166.0M+21.6%	$136.5M-74.7%	$539.5M+764.6%	$62.4M
Net Income	$908.9M	$682.0M-4.7%	$716.0M+172.9%	$262.4M-66.4%	$781.7M-53.1%	$1.7B+116.7%	$769.6M-19.8%	$959.6M-6.1%	$1.0B+510.9%	$167.4M+32.9%	$125.9M-55.0%	$279.6M+36.8%	$204.3M-44.7%	$369.2M-56.8%	$854.5M+3286.6%	$25.2M
EPS (Basic)	N/A	$2.93-4.9%	$3.08+175.0%	$1.12-64.2%	$3.13-50.2%	$6.29+134.7%	$2.68-12.7%	$3.07+4.8%	$2.93+551.1%	$0.45+32.4%	$0.34-54.1%	$0.74+37.0%	$0.54-49.5%	$1.07-69.3%	$3.49+3390.0%	$0.10
EPS (Diluted)	—	$2.83-5.4%	$2.99+171.8%	$1.10-64.1%	$3.06-50.1%	$6.13+131.3%	$2.65-12.5%	$3.03+4.5%	$2.90+544.4%	$0.45+32.4%	$0.34-54.1%	$0.74+37.0%	$0.54-49.1%	$1.06-69.2%	$3.44+3340.0%	$0.10
Diluted Shares (Avg)	N/A	223M-0.4%	224M-5.5%	237M-7.4%	256M-5.9%	272M-6.5%	290M-8.4%	317M-9.7%	351M-5.2%	371M-0.2%	372M-0.2%	372M-0.2%	373M+7.4%	348M+39.7%	249M+1.8%	245M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$2.2B+8.5%	$2.2B+35.0%	$2.0B+26.6%	$2.1B+5.7%	$2.0B+21.6%	$1.6B-1.3%	$1.6B-8.4%	$2.0B+63.4%
Cost of Revenue	$22.9M-33.4%	$31.3M-27.3%	$29.9M-28.0%	$72.0M-25.6%	$34.4M-7.9%	$43.0M+14.7%	$41.6M+19.9%	$96.8M+315.5%
Gross Profit	$2.2B+9.2%	$2.2B+36.7%	$2.0B+28.1%	$2.0B+7.4%	$2.0B+22.3%	$1.6B-1.7%	$1.6B-8.9%	$1.9B+58.4%
SG&A Expenses	$1.2B+10.1%	$1.2B+39.0%	$1.1B+29.1%	$1.1B+10.1%	$1.1B+21.9%	$854.8M-0.8%	$841.1M-9.3%	$981.6M+60.3%
Interest Expense	$1.0B+17.3%	$911.7M+6.0%	$854.1M-2.9%	$880.0M-1.6%	$860.2M-5.7%	$859.9M0.0%	$879.8M+8.1%	$894.6M+16.0%
Income Tax	$62.8M-29.7%	$65.6M+50.7%	$52.9M+271.9%	$37.5M-56.4%	$89.3M+14.5%	$43.5M-40.5%	$14.2M-74.6%	$86.1M+411.7%
Net Income	$288.3M+18.9%	$250.0M+173.5%	$159.3M+16.4%	$211.3M-5.6%	$242.5M+34.0%	$91.4M-40.9%	$136.8M-12.5%	$223.9M+235.9%
EPS (Basic)	N/A	N/A	$0.72+20.0%	$0.88-8.3%	$1.04+33.3%	$0.41-37.9%	$0.60-11.8%	$0.96+231.0%
EPS (Diluted)	N/A	N/A	$0.70+22.8%	$0.85-8.6%	$1.01+34.7%	$0.40-37.5%	$0.57-13.6%	$0.93+232.1%
Diluted Shares (Avg)	N/A	N/A	223M+0.4%	N/A	223M+0.5%	222M-1.9%	222M-1.3%	N/A

Not reported in any period shown, so not listed: R&D Expenses, Operating Income, EBITDA.

JEF Balance Sheet

JEF quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$76.0B+18.1%	$64.4B+11.1%	$57.9B+13.4%	$51.1B-9.0%	$56.1B+5.6%	$53.1B+7.4%	$49.5B+4.9%	$47.1B-0.1%	$47.2B+4.7%	$45.1B-2.7%	$46.3B-11.9%	$52.6B+9.9%	$47.9B+412.0%	$9.3B+0.9%	$9.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$2.5B+101.1%	$1.3B
Cash & Equivalents	$14.0B+15.6%	$12.2B+42.5%	$8.5B-12.1%	$9.7B-9.8%	$10.8B+18.8%	$9.1B+17.9%	$7.7B+46.0%	$5.3B-0.3%	$5.3B+38.6%	$3.8B+4.6%	$3.6B-14.9%	$4.3B+9.4%	$3.9B+2577.2%	$146.0M-13.4%	$168.5M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$1.7B+1014.1%	$150.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$309.9M+7.6%	$288.1M-31.9%	$422.9M+16.1%	$364.3M-5.0%	$383.5M+8.2%	$354.6M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$1.7B-21.5%	$2.2B
Goodwill	$1.8B+0.5%	$1.8B-1.1%	$1.8B+6.4%	$1.7B-0.5%	$1.7B-0.1%	$1.7B+0.4%	$1.7B+2.2%	$1.7B-1.2%	$1.7B+0.4%	$1.7B-1.2%	$1.7B-0.3%	$1.7B-0.3%	$1.7B+7125.0%	$24.2M+33.5%	$18.1M
Total Liabilities	$65.4B+20.8%	$54.1B+12.5%	$48.1B+18.4%	$40.6B-10.5%	$45.4B+4.2%	$43.5B+9.6%	$39.7B+7.6%	$36.9B+1.2%	$36.5B+6.3%	$34.3B-3.5%	$35.5B-15.2%	$41.9B+12.4%	$37.3B+1495.3%	$2.3B-17.9%	$2.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.3B+46.0%	$877.1M
Non-Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.1B-46.3%	$2.0B
Long-Term Debt	$15.9B+17.5%	$13.5B+39.5%	$9.7B+10.5%	$8.8B-3.9%	$9.1B+9.3%	$8.4B+0.2%	$8.3B+9.4%	$7.6B-3.4%	$7.9B+6.8%	$7.4B-0.3%	$7.4B-13.2%	$8.5B+4.2%	$8.2B+791.0%	$918.1M-51.0%	$1.9B
Total Equity	$10.6B+4.1%	$10.2B+4.6%	$9.7B-5.1%	$10.2B-3.0%	$10.6B+12.2%	$9.4B-1.8%	$9.6B-4.8%	$10.1B-0.4%	$10.1B-0.2%	$10.1B-2.6%	$10.4B+1.0%	$10.3B+2.0%	$10.1B+49.3%	$6.8B+9.6%	$6.2B
Retained Earnings	$8.6B+3.7%	$8.3B+5.4%	$7.8B-6.8%	$8.4B+6.0%	$7.9B+21.6%	$6.5B+10.1%	$5.9B+5.8%	$5.6B+19.3%	$4.7B+1.2%	$4.6B+0.7%	$4.6B+4.2%	$4.4B+2.5%	$4.3B+1.9%	$4.2B+23.0%	$3.4B

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$81.3B+17.3%	$79.5B+18.2%	$74.4B+5.9%	$76.0B+18.1%	$69.3B+9.6%	$67.3B+6.8%	$70.2B+15.2%	$64.4B+11.1%
Cash & Equivalents	$16.9B+47.3%	$14.3B+27.1%	$12.0B+7.0%	$14.0B+15.6%	$11.5B+8.4%	$11.3B+3.9%	$11.2B+46.8%	$12.2B+42.5%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.7B-6.2%	$1.7B-6.3%	$1.7B-5.4%	$1.8B+0.5%	$1.8B+0.4%	$1.8B+1.1%	$1.8B0.0%	$1.8B-1.1%
Total Liabilities	$70.5B+19.9%	$68.9B+21.1%	$63.7B+6.3%	$65.4B+20.8%	$58.8B+10.6%	$56.9B+7.3%	$60.0B+17.4%	$54.1B+12.5%
Long-Term Debt	$18.5B+15.3%	$18.0B+17.5%	$17.2B+16.5%	$15.9B+17.5%	$16.0B+23.9%	$15.4B+21.2%	$14.8B+49.1%	$13.5B+39.5%
Total Equity	$10.7B+2.6%	$10.6B+2.5%	$10.6B+4.0%	$10.6B+4.1%	$10.4B+3.9%	$10.3B+4.4%	$10.2B+4.3%	$10.2B+4.6%
Retained Earnings	$9.0B+6.3%	$8.8B+6.0%	$8.6B+4.0%	$8.6B+3.7%	$8.5B+4.2%	$8.3B+3.6%	$8.3B+4.7%	$8.3B+5.4%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.

JEF Cash Flow Statement

JEF quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$4.4B	-$1.5B-964.4%	-$140.5M+92.7%	-$1.9B-207.1%	$1.8B+14.1%	$1.6B-23.0%	$2.1B+348.3%	-$827.8M-219.8%	$691.1M-12.3%	$788.3M+37.7%	$572.4M+175.1%	-$761.8M+22.8%	-$987.2M-240.6%	$702.3M+8.8%	$645.4M+215.9%	-$556.8M
Depreciation & Amortization	N/A	$192.3M+1.0%	$190.3M+69.6%	$112.2M-35.1%	$172.9M+9.8%	$157.4M-0.6%	$158.4M+3.6%	$152.9M+27.1%	$120.3M+9.0%	$110.4M-5.7%	$117.1M-47.7%	$224.1M+20.5%	$186.0M+11.1%	$167.4M+43.9%	$116.4M+76.0%	$66.1M
Stock-Based Compensation	N/A	$88.2M+39.8%	$63.1M+39.2%	$45.4M+3.3%	$43.9M-43.8%	$78.2M+95.2%	$40.0M-19.7%	$49.8M+3.3%	$48.2M-0.3%	$48.4M+44.0%	$33.6M-54.7%	$74.1M-32.5%	$109.8M+25.8%	$87.3M+503.8%	$14.5M-37.8%	$23.3M
Capital Expenditures	$218.2M	$207.5M-17.2%	$250.6M+21595.6%	$1.2M-99.5%	$224.3M+35.4%	$165.6M-6.4%	$177.0M	N/A	N/A	N/A	N/A	N/A	N/A	$137.1M+92.3%	$71.3M+84.8%	$38.6M
Free Cash Flow	$4.2B	-$1.7B-335.4%	-$391.1M+79.8%	-$1.9B-222.4%	$1.6B+11.6%	$1.4B-24.6%	$1.9B	N/A	N/A	N/A	N/A	N/A	N/A	$565.2M-1.6%	$574.1M+196.4%	-$595.4M
Investing Cash Flow	-$446.7M	-$298.8M-242.1%	$210.3M+1823.3%	-$12.2M+79.8%	-$60.5M+85.2%	-$409.9M-147.4%	-$165.7M-109.7%	$1.7B+1098.4%	$142.4M+360.7%	-$54.6M+91.4%	-$636.2M-181.4%	$781.2M+73.9%	$449.1M-86.5%	$3.3B+20098.9%	-$16.6M-104.3%	$390.7M
Financing Cash Flow	N/A	N/A	N/A	$1.1B+137.3%	-$2.8B-386.0%	$994.3M+237.4%	-$723.5M-145.5%	$1.6B+376.0%	-$575.8M-232.4%	$434.8M+88.3%	$230.9M+135.4%	-$652.0M-171.0%	$917.8M+439.3%	-$270.5M+58.5%	-$651.7M-511.1%	-$106.6M
Dividends Paid	$370.0M	$374.1M+23.5%	$303.0M+8.7%	$278.6M-0.5%	$280.1M+25.7%	$222.8M+38.4%	$160.9M+7.5%	$149.6M-1.4%	$151.8M+29.3%	$117.4M+28.6%	$91.3M-1.4%	$92.5M-0.6%	$93.1M+1.9%	$91.3M+49.4%	$61.1M0.0%	$61.1M
Share Buybacks	$440.0M	$58.5M+32.1%	$44.3M-73.8%	$169.4M-80.3%	$859.6M+219.1%	$269.4M-67.0%	$816.9M+60.2%	$509.9M-54.9%	$1.1B+1025.5%	$100.5M+5.7%	$95.0M-24.4%	$125.8M+66.1%	$75.7M+89.2%	$40.0M	N/A	$155K

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$2.6B+1306.9%	$1.6B+263.5%	-$1.7B+34.8%	$2.0B+14.9%	$184.2M+127.5%	-$978.3M-1361.2%	-$2.7B-111.9%	$1.7B+4016.6%
Depreciation & Amortization	$43.3M-18.7%	$47.3M-9.4%	$56.9M+83.5%	$55.8M+9.0%	$53.2M+15.8%	$52.3M+4.6%	$31.0M-28.3%	$51.2M+80.9%
Stock-Based Compensation	$157.3M+10.4%	$150.0M-1.1%	$50.7M+42.2%	N/A	$142.5M+19.5%	$151.6M+25.5%	$35.6M+76.3%	N/A
Capital Expenditures	$49.3M-15.2%	$48.0M+9.9%	$64.9M+30.8%	$56.0M-19.9%	$58.2M+62.5%	$43.7M-10.2%	$49.6M-48.5%	$69.9M-11.5%
Free Cash Flow	$2.5B+1917.3%	$1.6B+251.8%	-$1.8B+33.6%	$1.9B+16.4%	$126.0M+117.9%	-$1.0B-3629.3%	-$2.7B-100.5%	$1.6B+1436.3%
Investing Cash Flow	-$147.5M-170.2%	-$82.9M+16.6%	-$129.3M-123.7%	-$87.1M+18.3%	-$54.6M-112.8%	-$99.4M-385.3%	-$57.8M+60.2%	-$106.5M-143.7%
Financing Cash Flow	$154.1M-10.9%	$248.5M-71.1%	$627.1M-69.0%	N/A	$173.0M	$859.1M	$2.0B	N/A
Dividends Paid	$91.9M-1.8%	$91.8M-2.7%	$92.8M+0.1%	$93.5M+14.7%	$93.5M+14.7%	$94.3M+34.9%	$92.7M+32.7%	$81.6M+16.6%
Share Buybacks	$68.2M+7331.2%	$197.4M+15692.9%	$174.3M+209.5%	$29K+2800.0%	$918K+176.5%	$1.3M+32.1%	$56.3M+30.9%	$1K-100.0%

JEF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

JEF quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	97.4%+0.3pp	97.1%-2.3pp	99.4%+6.7pp	92.6%-1.5pp	94.1%-0.1pp	94.2%+2.4pp	91.8%0.0pp	91.8%-1.3pp	93.1%+4.2pp	88.9%+59.4pp	29.5%-0.7pp	30.1%+2.7pp	27.4%+6.9pp	20.5%-45.9pp	66.4%
Net Margin	9.3%-0.9pp	10.2%+4.6pp	5.6%-7.5pp	13.1%-7.7pp	20.8%+7.7pp	13.2%-11.5pp	24.6%-2.5pp	27.2%+23.1pp	4.1%-0.1pp	4.2%+1.6pp	2.6%+0.8pp	1.8%-1.8pp	3.5%-5.5pp	9.1%+5.2pp	3.9%
Return on Equity	6.5%-0.6pp	7.0%+4.3pp	2.7%-4.9pp	7.6%-8.2pp	15.8%+7.6pp	8.2%-1.8pp	10.0%-0.1pp	10.2%+8.5pp	1.7%+0.4pp	1.2%-1.5pp	2.7%+0.7pp	2.0%-1.7pp	3.6%-9.0pp	12.6%+12.2pp	0.4%
Return on Assets	0.9%-0.2pp	1.1%+0.7pp	0.4%-1.1pp	1.5%-1.4pp	3.0%+1.5pp	1.5%-0.5pp	1.9%-0.2pp	2.2%+1.8pp	0.4%+0.1pp	0.3%-0.3pp	0.6%+0.2pp	0.4%-0.4pp	0.8%-8.4pp	9.1%+8.9pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1.97+0.5x	1.43
Debt-to-Equity	1.50+0.2x	1.33+0.3x	1.00+0.1x	0.860.0x	0.860.0x	0.890.0x	0.87+0.1x	0.760.0x	0.78+0.1x	0.730.0x	0.71-0.1x	0.830.0x	0.81+0.7x	0.14-0.2x	0.30
Asset Turnover	0.100.0x	0.110.0x	0.080.0x	0.120.0x	0.140.0x	0.110.0x	0.080.0x	0.080.0x	0.090.0x	0.07-0.2x	0.230.0x	0.220.0x	0.22-0.8x	1.01+0.9x	0.07
FCF Margin	-23.2%-17.6pp	-5.6%+35.6pp	-41.2%-67.6pp	26.4%+8.8pp	17.7%-14.4pp	32.1%	N/A	N/A	N/A	N/A	N/A	N/A	5.4%-0.7pp	6.1%+98.7pp	-92.6%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	99.0%+0.7pp	98.6%+1.2pp	98.5%+1.1pp	96.5%+1.5pp	98.3%+0.5pp	97.4%-0.4pp	97.4%-0.6pp	95.1%-3.0pp
Net Margin	13.0%+1.1pp	11.3%+5.7pp	7.9%-0.7pp	10.2%-1.2pp	11.8%+1.1pp	5.6%-3.8pp	8.6%-0.4pp	11.4%+5.9pp
Return on Equity	2.7%+0.4pp	2.4%+1.5pp	1.5%+0.2pp	2.0%-0.2pp	2.3%+0.5pp	0.9%-0.7pp	1.3%-0.3pp	2.2%+1.5pp
Return on Assets	0.4%0.0pp	0.3%+0.2pp	0.2%0.0pp	0.3%-0.1pp	0.4%+0.1pp	0.1%-0.1pp	0.2%-0.1pp	0.4%+0.2pp
Debt-to-Equity	1.72+0.2x	1.71+0.2x	1.62+0.2x	1.50+0.2x	1.53+0.2x	1.49+0.2x	1.45+0.4x	1.33+0.3x
Asset Turnover	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.020.0x	0.020.0x	0.030.0x
FCF Margin	114.4%	70.3%+132.8pp	-89.3%	92.2%+8.4pp	6.2%+48.1pp	-62.5%-64.3pp	-170.4%	83.8%+94.0pp

Not reported in any period shown, so not listed: Operating Margin, Current Ratio.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Jefferies Financial Group Inc. JEF	FY2025	$7.3B	$682.0M	9.3%	$10.2B	41/100
Evercore Inc. EVR	FY2025	$3.9B	$592.0M	15.3%	$10.5B	52/100
Stifel Financial Corp. SF	FY2025	$5.5B	$646.5M	11.7%	$10.6B	53/100
Houlihan Lokey, Inc. HLI	FY2026	$2.6B	$424.0M	16.2%	$9.1B	54/100
Tradeweb Markets Inc. TW	FY2025	$2.1B	$812.8M	39.6%	$23.4B	52/100
Futu Holdings Limited FUTU	FY2025	$2.9B	$1.5B	49.6%	$15.9B	50/100

Where Jefferies Financial Group Inc. Ranks

Frequently Asked Questions

What is Jefferies Financial Group Inc.'s annual revenue?

Jefferies Financial Group Inc. (JEF) reported $7.3B in total revenue for fiscal year 2025. This represents a 4.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Jefferies Financial Group Inc.'s revenue growing?

Jefferies Financial Group Inc. (JEF) revenue grew by 4.4% year-over-year, from $7.0B to $7.3B in fiscal year 2025.

Is Jefferies Financial Group Inc. profitable?

Yes, Jefferies Financial Group Inc. (JEF) reported a net income of $682.0M in fiscal year 2025, with a net profit margin of 9.3%.

How much debt does Jefferies Financial Group Inc. have?

As of fiscal year 2025, Jefferies Financial Group Inc. (JEF) had $14.0B in cash and equivalents against $15.9B in long-term debt.

What is Jefferies Financial Group Inc.'s gross margin?

Jefferies Financial Group Inc. (JEF) had a gross margin of 97.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Jefferies Financial Group Inc.'s net profit margin?

Jefferies Financial Group Inc. (JEF) had a net profit margin of 9.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Jefferies Financial Group Inc. pay dividends?

Yes, Jefferies Financial Group Inc. (JEF) paid $1.60 per share in dividends during fiscal year 2025.

What is Jefferies Financial Group Inc.'s return on equity (ROE)?

Jefferies Financial Group Inc. (JEF) has a return on equity of 6.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Jefferies Financial Group Inc.'s free cash flow?

Jefferies Financial Group Inc. (JEF) recorded an outflow of $1.7B in free cash flow during fiscal year 2025. This represents a -335.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Jefferies Financial Group Inc.'s operating cash flow?

Jefferies Financial Group Inc. (JEF) recorded an outflow of $1.5B in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Jefferies Financial Group Inc.'s total assets?

Jefferies Financial Group Inc. (JEF) had $76.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Jefferies Financial Group Inc.'s capital expenditures?

Jefferies Financial Group Inc. (JEF) invested $207.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Jefferies Financial Group Inc. buy back shares?

Yes, Jefferies Financial Group Inc. (JEF) spent $58.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Jefferies Financial Group Inc. have outstanding?

Jefferies Financial Group Inc. (JEF) had 207M shares outstanding as of fiscal year 2025.

What is Jefferies Financial Group Inc.'s debt-to-equity ratio?

Jefferies Financial Group Inc. (JEF) had a debt-to-equity ratio of 1.50 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Jefferies Financial Group Inc.'s return on assets (ROA)?

Jefferies Financial Group Inc. (JEF) had a return on assets of 0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Jefferies Financial Group Inc.'s P/E ratio?

Jefferies Financial Group Inc. (JEF) trades at 11.3x earnings, its market capitalization divided by net income of $908.9M net income, trailing 12 months to August 31, 2026. The market capitalization is $10.2B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Jefferies Financial Group Inc.'s price-to-sales ratio?

Jefferies Financial Group Inc. (JEF) trades at 1.2x sales, its market capitalization divided by revenue of $8.5B revenue, trailing 12 months to August 31, 2026. The market capitalization is $10.2B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Jefferies Financial Group Inc.'s Piotroski F-Score?

Jefferies Financial Group Inc. (JEF) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Jefferies Financial Group Inc.'s earnings high quality?

For every $1 of reported earnings, Jefferies Financial Group Inc. (JEF) used $2.19 of operating cash (-$1.5B OCF vs $682.0M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Jefferies Financial Group Inc.?

Jefferies Financial Group Inc. (JEF) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.