Jefferies Financial Group Inc.

For the period ended Nov 30, 2025. Filed Jan 28, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Jan 28, 2026

JEF$47.38-2.5%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Changes in Equity

$ in thousands, except share amounts	Year Ended November 30,
	2025	2024	2023
Preferred shares $1 par value
Balance, beginning of period ...........................................................................................................................	$55	$42	$—
Conversion of common shares to preferred shares .................................................................................	—	13	42
Balance, end of period .....................................................................................................................................	$55	$55	$42
Common shares $1 par value
Balance, beginning of period ...........................................................................................................................	$205,504	$210,627	$226,130
Purchase of common shares for treasury ..................................................................................................	(735)	(1,089)	(4,887)
Conversion of 125,000 preferred shares to common shares ..................................................................	—	—	4,654
Conversion of common shares to preferred shares .................................................................................	—	(6,562)	(21,000)
Other .................................................................................................................................................................	1,527	2,528	5,730
Balance, end of period .....................................................................................................................................	$206,296	$205,504	$210,627
Additional paid-in capital
Balance, beginning of period ...........................................................................................................................	$2,104,199	$2,044,859	$1,967,781
Share-based compensation expense ..........................................................................................................	88,227	63,119	45,360
Change in fair value of redeemable noncontrolling interests ..................................................................	—	—	(390)
Purchase of common shares for treasury ..................................................................................................	(57,780)	(43,223)	(164,515)
Conversion of 125,000 preferred shares to common shares ..................................................................	—	—	120,346
Dividend equivalents ......................................................................................................................................	31,666	19,016	24,140
Conversion of common shares to preferred shares .................................................................................	—	16,393	52,458
Change in equity interest related to consolidated subsidiaries ..............................................................	(3,200)	(2,631)	(6,307)
Other .................................................................................................................................................................	14,842	6,666	5,986
Balance, end of period .....................................................................................................................................	$2,177,954	$2,104,199	$2,044,859
Accumulated other comprehensive loss, net of tax
Balance, beginning of period ...........................................................................................................................	$(423,131)	$(395,545)	$(379,419)
Other comprehensive income (loss), net of tax .........................................................................................	38,697	(27,586)	(16,126)
Balance, end of period .....................................................................................................................................	$(384,434)	$(423,131)	$(395,545)
Retained earnings
Balance, beginning of period ...........................................................................................................................	$8,270,145	$7,849,844	$8,418,354
Net earnings attributable to Jefferies Financial Group Inc. .....................................................................	710,475	743,383	275,670
Dividends - common shares ($1.60, $1.30, and $1.20 per share) ...........................................................	(361,696)	(290,086)	(290,135)
Dividends - preferred shares .........................................................................................................................	(44,100)	(31,894)	(12,600)
Cumulative effect of change in accounting principle for current expected credit losses, net of tax	—	(644)	(14,813)
Distribution of Vitesse Energy, Inc. ..............................................................................................................	—	—	(526,964)
Other .................................................................................................................................................................	1	(458)	332
Balance, end of period .....................................................................................................................................	$8,574,825	$8,270,145	$7,849,844
Total Jefferies Financial Group Inc. shareholders' equity .........................................................................	$10,574,696	$10,156,772	$9,709,827
Noncontrolling interests
Balance, beginning of period ...........................................................................................................................	$68,215	$92,308	$62,633
Net losses attributable to noncontrolling interests ...................................................................................	(28,430)	(27,364)	(14,846)
Contributions ...................................................................................................................................................	18,209	10,039	78,247
Distributions ....................................................................................................................................................	(14,034)	(13,407)	(31,433)
Other .................................................................................................................................................................	23,547	6,639	(2,293)
Balance, end of period .....................................................................................................................................	$67,507	$68,215	$92,308
Total equity ........................................................................................................................................................	$10,642,203	$10,224,987	$9,802,135

49	Jefferies Financial Group Inc.

Consolidated Statements of Cash Flows

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.