Inferra AI / Company / JEF
Jefferies Financial Group Inc.
JEF · Financials
Last earnings Oct 20, 2026
Key results
Revenuequarter
$8.5 billion
Our financial results over the last 12 months have been strong with net revenues of $8.5 billion, net earnings over $935 million, and a return on tangible equity of 13.1%, each representing a materially stronger level of performance.
SEC original ↗Jefferies Financial Group Inc. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
Net incomequarter
$935 million
Our financial results over the last 12 months have been strong with net revenues of $8.5 billion, net earnings over $935 million, and a return on tangible equity of 13.1%, each representing a materially stronger level of performance.
SEC original ↗Jefferies Financial Group Inc. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
Put differently, profit growth since 2023 has outpaced revenue growth by a factor of two times, producing a pre-tax margin of 23% on incremental revenues.
SEC original ↗Jefferies Financial Group Inc. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
As a result, our adjusted non comp ratio has declined from 30% to 24% with an incremental [adjusted] non compensation ratio on incremental revenues of only 15%.
SEC original ↗Jefferies Financial Group Inc. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
Notwithstanding a 2026 global TAM about 15% lower than the industry's high water mark in 2021 we've delivered a comparable revenue outcome delivered by share accretion and associated rank improvement.
SEC original ↗Jefferies Financial Group Inc. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
Our international revenue is now 44% of our sales and trading revenue up from 34% in 2019.
SEC original ↗Jefferies Financial Group Inc. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
AI analysis
Latest earnings event · reported Oct 20, 2026
Based on: Earnings release + parent 8-K — transcript not held
Headline figures
| Metric | Latest earnings event | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $8.5 billion | — | — |
| Net income | $935 million | — | — |
Guidance · company-stated
No guidance located in the held release
Capital allocation
1 In the last nine, I guess ten months of calendar 2006, we [have] either given dividends or purchased back stock approaching 11% of our tangible book value.
Event summary
Jefferies Financial Group Inc. — Earnings release (2026-10-20)
Based on: Earnings release + parent 8-K — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
1 In the last nine, I guess ten months of calendar 2006, we [have] either given dividends or purchased back stock approaching 11% of our tangible book value.
SEC original ↗Jefferies Financial Group Inc. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
5 Last year I discussed how we'd invested in our infrastructure, technology and operating platforms to support growth and how we believe the investment would pay future dividends, with respect to margin expansion, through non compensation expense operating leverage.
SEC original ↗Jefferies Financial Group Inc. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
We've done that through a balanced approach of opportunistic share repurchases and recurring dividends.
SEC original ↗Jefferies Financial Group Inc. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
Since late 2018, we've increased our annual dividend five times and have returned $11.23 per share through cumulative dividends and special dividends.
SEC original ↗Jefferies Financial Group Inc. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
Our share repurchases have contributed to a net reduction in fully diluted shares outstanding of approximately 24%.
SEC original ↗Jefferies Financial Group Inc. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
We cover the full spectrum - leveraged loan, high yield bond, private credit, CLO special situation structured solution and distressed debt.
SEC original ↗Jefferies Financial Group Inc. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
Strategy & priorities
Having been at Jefferies since 1990 it's a long time we've been very consistent in both our strategy and our objectives.
SEC original ↗Jefferies Financial Group Inc. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
And our strategy has always been incredibly consistent as well.
SEC original ↗Jefferies Financial Group Inc. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
There's a handful of things that we have prioritized and we continue to prioritize.
SEC original ↗Jefferies Financial Group Inc. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
The second thing that we've been consistent with doing in terms of strategy is to invest in our human capital and our people and create an environment where people are empowered.
SEC original ↗Jefferies Financial Group Inc. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
We have always had a focus on the long term, you've heard that through prior investor days, with a keen sense of urgency.
SEC original ↗Jefferies Financial Group Inc. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
Risks & headwinds
When we help clients solve their complex challenges, we often become their long-term partners.
SEC original ↗Jefferies Financial Group Inc. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
And lastly on this slide, I just wanted to show the fundraising momentum that we've had across the platform, despite market and other challenges.
SEC original ↗Jefferies Financial Group Inc. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
Earnings deck slides
0 decks with slide viewJefferies Financial Group Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
23 documentsEarnings releases
10 documentsPresentations
1 document- Q4 2025
- JEFDeck
Transcripts
0 documentsNo transcripts for Jefferies Financial Group Inc. are held in this edition of the library.
Mentioned by
1 companyOther tracked companies whose held documents mention Jefferies Financial Group Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.
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