Jefferies Financial Group Inc.
For the period ended May 31, 2026. Filed Jul 9, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 31, 2026 · Filed Jul 9, 2026
JEF$48.06-2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Earnings (Unaudited)
| Three Months Ended May 31, | Six Months Ended May 31, | |||
|---|---|---|---|---|
| $ in thousands, except per share amounts | 2026 | 2025 | 2026 | 2025 |
| Revenues | ||||
| Investment banking | $1,209,625 | $789,269 | $2,227,909 | $1,518,779 |
| Principal transactions | 488,666 | 338,507 | 976,164 | 745,737 |
| Commissions and other fees | 400,614 | 353,233 | 768,218 | 641,533 |
| Asset management fees and revenues | 9,788 | 20,076 | 77,150 | 105,484 |
| Interest | 853,962 | 878,025 | 1,667,081 | 1,723,196 |
| Other | 155,542 | 115,205 | 272,940 | 232,450 |
| Total revenues | 3,118,197 | 2,494,315 | 5,989,462 | 4,967,179 |
| Interest expense | 911,746 | 859,868 | 1,765,881 | 1,739,713 |
| Net revenues | 2,206,451 | 1,634,447 | 4,223,581 | 3,227,466 |
| Non-interest expenses | ||||
| Compensation and benefits | 1,188,245 | 854,839 | 2,274,135 | 1,695,966 |
| Brokerage and clearing fees | 147,446 | 129,745 | 280,578 | 239,181 |
| Underwriting costs | 26,858 | 14,525 | 58,241 | 32,371 |
| Technology and communications | 162,860 | 146,198 | 322,718 | 285,673 |
| Occupancy and equipment rental | 34,499 | 30,711 | 68,359 | 60,910 |
| Business development | 89,108 | 80,070 | 164,530 | 152,361 |
| Professional services | 98,707 | 77,768 | 175,651 | 150,234 |
| Depreciation and amortization | 47,328 | 52,253 | 104,193 | 83,241 |
| Cost of sales | 31,253 | 42,961 | 61,173 | 84,529 |
| Other expenses | 64,598 | 70,476 | 186,238 | 157,034 |
| Total non-interest expenses | 1,890,902 | 1,499,546 | 3,695,816 | 2,941,500 |
| Earnings before income taxes | 315,549 | 134,901 | 527,765 | 285,966 |
| Income tax expense | 65,571 | 43,506 | 118,441 | 57,722 |
| Net earnings | 249,978 | 91,395 | 409,324 | 228,244 |
| Net losses attributable to noncontrolling interests | (5,440) | (7,668) | (21,298) | (14,651) |
| Preferred stock dividends | 29,184 | 11,046 | 48,461 | 26,940 |
| Net earnings attributable to common shareholders | $226,234 | $88,017 | $382,161 | $215,955 |
| | ||||
| Earnings per voting common share (1) | ||||
| Basic | $1.05 | $0.41 | $1.75 | $1.01 |
| Diluted | $1.02 | $0.40 | $1.70 | $0.97 |
| Basic weighted-average common shares outstanding | 210,269 | 215,097 | 214,766 | 214,818 |
| Diluted weighted-average common shares outstanding | 216,744 | 221,897 | 221,947 | 222,383 |
| | ||||
| Earnings per non-voting common share (1) | ||||
| Basic | $1.71 | $— | $3.04 | $— |
| Diluted | $1.13 | $— | $1.83 | $— |
| Basic weighted-average common shares outstanding | 3,518 | — | 1,778 | — |
| Diluted weighted-average common shares outstanding | 31,081 | — | 29,341 | — |
(1)Although voting and non-voting common shares have identical dividend rates, basic and diluted earnings per common share differ due to the timing of share activity during the quarter. Refer to Note 16, Total Equity, for further discussion.
| May 2026 Form 10-Q | 3 |
|---|
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