JEF

MKT CAP:$10B

Jefferies Financial Group Inc.

Market Cap

$10B

Financial Services·Financial - Capital Markets·🇺🇸 United States·NYSE

Financials·Financial·🇺🇸·NYSE

Stock Price

$46.36-$17.10 (-26.95%)

Apr 23, 2026

Company Details

Jefferies Financial Group Inc. engages in the investment banking and capital markets, and asset management businesses in the Americas, Europe, the Middle East, Africa, and Asia. The company operates in Investment Banking and Capital Markets...

CEO

Richard Brian Handler

IPO Date

Mar 17, 1980

Website

www.jefferies.com

Key Metrics TTM

Revenue

$9.1B

+12.2% YoY

Net Income

$1.2B

EPS (Diluted)

$4.03

Free Cash Flow

-$1.3B

Revenue / Share

—

Gross Margin

53.0%

Operating Margin

23.9%

Net Margin

13.7%

FCF Margin

-14.0%

P/S

1.1x

P/E

7.9x

Earnings Reports

Q1 2026

Mar 25, 2026

$2.9BEPS $0.00

FY 2022

Jan 27, 2023

$7.1B-20.1%EPS $3.06

Q1 2022

Apr 8, 2022

$1.9B-29.2%EPS $1.23

FY 2021

Jan 28, 2022

$8.9BEPS $6.13

Q3 2021

Oct 8, 2021

$2.1B+17.3%EPS $1.50

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 19	$1.5B	$836M	$570M
Q3 20	$1.8B	$894M	$617M
Q4 20	$2.1B	$961M	$627M
Q1 21	$2.7B	$1.3B	$1.0B
Q2 21	$2.2B	$1.1B	$713M
Q3 21	$2.1B	$1.1B	$782M
Q1 22	$1.9B	$942M	$675M
Q1 26	$2.9B	$1.7B	$0

Valuation

Quarter	P/S	P/E
Q2 19	—	—
Q3 20	—	—
Q4 20	—	—
Q1 21	1.2x	5.3x
Q2 21	1.1x	6.4x
Q3 21	1.1x	6.0x
Q1 22	1.1x	5.9x
Q1 26	1.1x	7.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 19	-$656M	-$713M
Q3 20	$1.1B	$1.1B
Q4 20	$768M	$738M
Q1 21	-$1.5B	-$1.5B
Q2 21	$514M	$482M
Q3 21	$1.1B	$1.0B
Q1 22	-$1.2B	-$1.2B

Capital Expenditures

Quarter	CapEx
Q2 19	$56M
Q3 20	$26M
Q4 20	$31M
Q1 21	$24M
Q2 21	$33M
Q3 21	$59M
Q1 22	$28M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+43.4%	+54.5%
Q3 21	+17.3%	+12.3%
Q1 22	-7.2%	-13.6%
Q1 26	+6.2%	+71.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 19	$13M	0.9%
Q3 20	$9M	0.5%
Q4 20	$10M	0.5%
Q1 21	$21M	0.8%
Q2 21	$44M	2.0%
Q3 21	$7M	0.3%
Q1 22	$10M	0.5%

OpEx Breakdown

Quarter	G&A	SG&A
Q2 19	—	$229M
Q3 20	—	$238M
Q4 20	—	$294M
Q1 21	—	$272M
Q2 21	—	$342M
Q3 21	—	$277M
Q1 22	$187M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$8.5B	$0	$8.5B
Q3 22	$9.5B	$0	$9.5B
Q4 22	$9.7B	$0	$9.7B
Q1 23	$7.5B	$0	$7.5B
Q2 23	$8.0B	$0	$8.0B
Q3 23	$8.8B	$0	$8.8B
Q4 23	$8.5B	$0	$8.5B
Q1 24	$7.6B	$0	$7.6B
Q2 24	$10.8B	$0	$10.8B
Q3 24	$10.6B	$0	$10.6B
Q4 24	$12.2B	$0	$12.2B
Q1 25	$11.2B	$0	$11.2B
Q2 25	$11.3B	$0	$11.3B
Q3 25	$11.5B	$0	$11.5B
Q4 25	$14.0B	$0	$14.0B
Q1 26	$12M	$0	$12M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 19	313M	—	—
Q3 20	285M	-8.8%	—
Q4 20	277M	-2.7%	—
Q1 21	273M	-1.6%	—
Q2 21	271M	-0.7%	-13.3%
Q3 21	271M	+0.1%	-4.8%
Q1 22	267M	-1.8%	-3.9%
Q1 26	0	-100.0%	-100.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 19	$184.2K	8K
Q3 20	$380.3K	5K
Q4 20	$416.7K	5K
Q1 21	$546.7K	5K
Q2 21	$438.1K	5K
Q3 21	$432.9K	5K
Q1 22	$344.3K	6K
Q1 26	$368.7K	8K

Revenue / Employee