Jefferies Financial Group
Advises, finances, and trades for clients while managing alternative investment strategies.
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Profile
Provides advisory, underwriting, sales and trading, research, lending, and alternative asset management. Investment Banking and Capital Markets supplies most revenue, supported by a global platform whose workforce is split across the Americas, Europe and the Middle East, and Asia-Pacific.
Combines advisory and underwriting with equities and fixed-income sales, trading, origination, and research through Investment Banking and Capital Markets. Jefferies Finance and Berkadia extend the platform into corporate lending and commercial real estate.
Runs Asset Management alongside the larger banking and markets segment, providing investment-management services and committing capital to funds, separately managed accounts, and third-party managers. Operations span the Americas, Europe and the Middle East, and Asia-Pacific, with half of employees in the Americas.
Relies on transaction activity, underwriting markets, client trading volumes, inventory and counterparty risk management, and the performance of managed or affiliated investment vehicles. The SMBC alliance also expands lending collaboration and the planned Japanese equities platform, while legacy holdings and affiliate exposures can still affect consolidated results and litigation.
Company facts
Categories
Key statistics
Year to date −16.3% · Average volume (30d) 1.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jun 25, 2026 | UBS | Reiterate | Neutral | $76 | $65 | |
| Jun 25, 2026 | Oppenheimer | Reiterate | Outperform | $87 | $83 | |
| Jun 18, 2026 | UBS | Downgrade | Buy | Neutral | ||
| Jun 12, 2026 | Oppenheimer | Reiterate | Outperform | $97 | $87 | |
| Jun 9, 2026 | Morgan Stanley | Reiterate | Equal Weight | $44 | $50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 24, 2026Q2 FY26 | $1.16 | $1.03 | −11.2% | $2.30B | $2.21B | −4.0% | −9.15% |
| Mar 25, 2026Q1 FY26 | $0.89 | $0.89 | 0.0% | $1.98B | $2.02B | +1.8% | +1.61% |
| Jan 7, 2026Q4 FY25 | $0.88 | $0.89 | +1.6% | $2.02B | $2.07B | +2.6% | −5.60% |
| Sep 29, 2025Q3 FY25 | $0.80 | $1.05 | +31.3% | $1.92B | $2.91B | +51.2% | −1.86% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.47B | $2.49B | $2.91B | $2.95B | $2.87B | $3.41B | |
| Gross profit | $1.48B | $1.47B | $1.75B | $1.76B | $1.62B | $3.11B | |
| Operating income | $1.12B | $1.07B | $242.5M | −$1.74B | $1.19B | $1.22B | |
| Net income | $143.8M | $99.1M | $252.5M | $215.0M | $175.2M | $255.4M | |
| Diluted EPS | $0.57 | $0.40 | $1.01 | $0.85 | $0.70 | $1.02 | |
| Gross margin | 59.9% | 58.8% | 60.3% | 59.6% | 56.5% | 91.2% | |
| Operating margin | 45.2% | 42.7% | 8.3% | -59.0% | 41.4% | 35.7% |
Fiscal years (4-quarter sums)FY21 $9.04B · FY22 $7.09B · FY23 $7.44B · FY24 $10.52B · FY25 $10.82B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, May 31, 2026Cash & short-term investments $14.32B · Total debt $36.93B · Total assets $79.54B · Shareholders' equity $10.61B
Dividends
Raised for 15 straight years — most recently to $0.40 from $0.35 in Feb 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 18, 2026 | Aug 18 | Aug 28 | $0.40 | |
| May 18, 2026 | May 18 | May 29 | $0.40 | |
| Feb 17, 2026 | Feb 17 | Feb 27 | $0.40 | |
| Nov 17, 2025 | Nov 17 | Nov 26 | $0.40 | |
| Aug 18, 2025 | Aug 18 | Aug 29 | $0.40 | |
| May 19, 2025 | May 19 | May 29 | $0.40 | |
| Feb 14, 2025 | Feb 14 | Feb 27 | $0.40 | raised from $0.35 |
| Nov 18, 2024 | Nov 18 | Nov 27 | $0.35 |
Ownership
Shares outstanding 203.39M · Float 154.98M · 76.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 16.71M | 8.21% | 13F | Aug 7, 2026 |
| Richard B. Handler · director, officer: CEO | 12.88M | 6.33% | Form 4 | Aug 28, 2026 |
| Sumitomo Mitsui Financial Group, Inc. · director | 8.57M | 4.21% | Form 4 | Aug 21, 2026 |
| AQR Capital Management LLC | 8.43M | 4.14% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 7.11M | 3.50% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 15, 2026 | Sumitomo Mitsui Financial Group, Inc. | director | +11,813,084 | $54.41 |
| May 1, 2026 | Sumitomo Mitsui Financial Group, Inc. | director | +12,858,674 | $51.53 |
| May 6, 2026 | Brian P. Friedman | director, officer: President | −1 | $51.90 |
Peers
- Goldman Sachs
Full-service rival across banking, markets, research, and asset management
- JPMorgan Chase
Global bank spanning investment banking, markets, and asset management
- Morgan Stanley
Direct overlap in advisory, underwriting, markets, and asset management
- Bank of America
Diversified U.S. bank spanning investment banking, markets, and wealth
- Citi
Global bank offering advisory, underwriting, markets, research, and wealth
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Jefferies Financial Group | $53.09 | 0.00% | $10.80B | 14.8 | 13.3 | 0.9 | −11.5% |
| Goldman Sachs | $1,033.62 | +0.05% | $305.03B | 16.0 | 14.8 | 2.6 | +39.5% |
| JPMorgan Chase | $357.66 | +0.05% | $958.25B | 15.4 | 14.8 | 3.2 | +27.8% |
| Morgan Stanley | $214.50 | −0.13% | $338.75B | 17.5 | 16.3 | 2.7 | +36.8% |
| Bank of America | $62.30 | −0.04% | $442.26B | 14.4 | 12.7 | 2.3 | +19.3% |
| Citi | $132.62 | −0.19% | $227.81B | 14.3 | 11.4 | 1.3 | +14.3% |
| Median | 15.4 | 14.8 | 2.6 | +27.8% |