# Jefferies Financial Group Inc.: overview

JEF · NYSE · CIK 96223 · [Financials](/sectors/financials.md) · fiscal year ends Nov 30

Pages: [Overview](/companies/jef.md) · [Financials](/companies/jef/financials.md) · [Filings](/companies/jef/filings.md) · [Insiders](/companies/jef/insiders.md)

Latest reported revenue: [$1.75bn](/filings/0000096223-26-000033.md) for Q3 FY2026, three months to 2026-08-31, from the 10-Q filed Oct 9, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0000096223-26-000033).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-11-30) | Q1 FY2025 (2025-02-28) | Q2 FY2025 (2025-05-31) | Q3 FY2025 (2025-08-31) | Q4 FY2025 (2025-11-30) | Q1 FY2026 (2026-02-28) | Q2 FY2026 (2026-05-31) | Q3 FY2026 (2026-08-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,445 d](/filings/0000096223-26-000009.md) | [1,144](/filings/0000096223-26-000017.md) | [1,227](/filings/0000096223-26-000025.md) | [1,504](/filings/0000096223-26-000033.md) | [1,671 d](/filings/0000096223-26-000009.md) | [1,456](/filings/0000096223-26-000017.md) | [1,675](/filings/0000096223-26-000025.md) | [1,752](/filings/0000096223-26-000033.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [15.5% d](/filings/0000096223-26-000009.md) | [12.0%](/filings/0000096223-26-000017.md) | [7.4%](/filings/0000096223-26-000025.md) | [16.1%](/filings/0000096223-26-000033.md) | [12.6% d](/filings/0000096223-26-000009.md) | [10.9%](/filings/0000096223-26-000017.md) | [14.9%](/filings/0000096223-26-000025.md) | [16.5%](/filings/0000096223-26-000033.md) |
| Diluted EPS | $ per share | not reported | [0.57](/filings/0000096223-26-000017.md) | [0.40](/filings/0000096223-26-000025.md) | [1.01](/filings/0000096223-26-000033.md) | not reported | [0.70](/filings/0000096223-26-000017.md) | not reported | not reported |
| Free cash flow | $m | [1,640 d](/filings/0000096223-26-000009.md) | [(2,715)](/filings/0000096223-26-000017.md) | [(1,022) d](/filings/0000096223-26-000025.md) | [126 d](/filings/0000096223-26-000033.md) | [1,908 d](/filings/0000096223-26-000009.md) | [(1,802)](/filings/0000096223-26-000017.md) | [1,551 d](/filings/0000096223-26-000025.md) | [2,542 d](/filings/0000096223-26-000033.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-11-30) | FY2022 (2022-11-30) | FY2023 (2023-11-30) | FY2024 (2024-11-30) | FY2025 (2025-11-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [6,142](/filings/0000096223-24-000006.md) | [4,743](/filings/0001628280-25-002833.md) | [3,233](/filings/0000096223-26-000009.md) | [4,858](/filings/0000096223-26-000009.md) | [5,546](/filings/0000096223-26-000009.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [27.1%](/filings/0000096223-22-000006.md) | [16.5%](/filings/0001628280-25-002833.md) | [8.1%](/filings/0000096223-26-000009.md) | [14.7%](/filings/0000096223-26-000009.md) | [12.3%](/filings/0000096223-26-000009.md) |
| Diluted EPS | $ per share | [6.13](/filings/0000096223-24-000006.md) | [3.06](/filings/0001628280-25-002833.md) | [1.10](/filings/0000096223-26-000009.md) | [2.99](/filings/0000096223-26-000009.md) | [2.83](/filings/0000096223-26-000009.md) |
| Free cash flow | $m | [1,417](/filings/0000096223-24-000006.md) | [1,581](/filings/0000096223-24-000006.md) | [(1,935)](/filings/0000096223-24-000006.md) | [(391)](/filings/0000096223-26-000009.md) | [(1,703)](/filings/0000096223-26-000009.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Net income: us-gaap:ProfitLoss.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/jef/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $834.9m | 16,705,627 |  | Reduced −850,088 |
| [AQR CAPITAL MANAGEMENT LLC](/funds/1167557.md) | 2026-06-30 | $421.2m | 8,426,996 |  | Added +3,144,305 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $355.3m | 7,109,182 |  | Reduced −715,354 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $334.5m | 6,692,873 |  | Reduced −22,024 |
| [SUMITOMO MITSUI FINANCIAL GROUP, INC.](/funds/1022837.md) | 2026-06-30 | $321.3m | 6,429,337 |  | Reduced −2,817,744 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $248.1m | 4,964,406 |  | Added +71,662 |
| [MASSACHUSETTS MUTUAL LIFE INSURANCE CO](/funds/225602.md) | 2026-06-30 | $232.6m | 4,654,362 |  | Unchanged |
| [TWO SIGMA INVESTMENTS, LP](/funds/1179392.md) | 2026-06-30 | $160.2m | 3,205,077 |  | Added +380,024 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $148.8m | 2,977,314 |  | Reduced −69,658 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $144.8m | 2,898,045 |  | Added +84,821 |

## Recent filings

[All 3,823 filings](/companies/jef/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-20 | 17:25 ET | [8-K](/filings/0001140361-26-040269.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001140361-26-040269 |
| 2026-10-19 | 06:44 ET | [8-K](/filings/0001140361-26-039988.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001140361-26-039988 |
| 2026-10-09 | 16:16 ET | [10-Q](/filings/0000096223-26-000033.md) | Quarterly report, period 2026-08-31 | 0000096223-26-000033 |
| 2026-09-28 | 16:18 ET | [8-K](/filings/0000096223-26-000028.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000096223-26-000028 |
| 2026-07-15 | 16:12 ET | [8-K](/filings/0001140361-26-028538.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001140361-26-028538 |
| 2026-07-09 | 16:20 ET | [10-Q](/filings/0000096223-26-000025.md) | Quarterly report, period 2026-05-31 | 0000096223-26-000025 |
| 2026-07-08 | 17:22 ET | [8-K](/filings/0001140361-26-027986.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001140361-26-027986 |
| 2026-06-24 | 16:19 ET | [8-K](/filings/0000096223-26-000021.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000096223-26-000021 |
| 2026-04-28 | 16:44 ET | [8-K](/filings/0001140361-26-017485.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001140361-26-017485 |
| 2026-04-24 | 18:01 ET | [8-K](/filings/0001140361-26-016456.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001140361-26-016456 |

## Latest annual report

[Form 10-K for the fiscal year ended Nov 30, 2025](/filings/0000096223-26-000009.md), filed Jan 28, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 96223
- Tickers: JEF
- Exchange: NYSE
- SIC code: 6211 Security Brokers, Dealers & Flotation Companies
- State of incorporation: NY
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 11:22 ET. No prices; not investment advice.