$JEF
Jefferies Financial Group Inc.
CIK:0000096223|SEC Filings
Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
May 31, 2026 |
May 31, 2025 |
May 31, 2026 |
May 31, 2025 |
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| Revenues | ||||||
| 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 from continuing operations 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 common share | ||||||
| Basic (in dollars per share) | $ 0.41 | $ 1.01 | ||||
| Diluted (in dollars per share) | $ 0.40 | $ 0.97 | ||||
| Weighted-average common shares outstanding | ||||||
| Basic weighted-average common shares outstanding (in shares) | 215,097 | 214,818 | ||||
| Diluted weighted-average common shares outstanding (in shares) | 221,897 | 222,383 | ||||
| Voting Common Stock | ||||||
| Earnings per common share | ||||||
| Basic (in dollars per share) | [1] | $ 1.05 | $ 0.41 | $ 1.75 | $ 1.01 | |
| Diluted (in dollars per share) | [1] | $ 1.02 | $ 0.40 | $ 1.70 | $ 0.97 | |
| Weighted-average common shares outstanding | ||||||
| Basic weighted-average common shares outstanding (in shares) | [1] | 210,269 | 215,097 | 214,766 | 214,818 | |
| Diluted weighted-average common shares outstanding (in shares) | [1] | 216,744 | 221,897 | 221,947 | 222,383 | |
| Non-voting Common Stock | ||||||
| Earnings per common share | ||||||
| Basic (in dollars per share) | [1] | $ 1.71 | $ 0 | $ 3.04 | $ 0 | |
| Diluted (in dollars per share) | [1] | $ 1.13 | $ 0 | $ 1.83 | $ 0 | |
| Weighted-average common shares outstanding | ||||||
| Basic weighted-average common shares outstanding (in shares) | [1] | 3,518 | 0 | 1,778 | 0 | |
| Diluted weighted-average common shares outstanding (in shares) | [1] | 31,081 | 0 | 29,341 | 0 | |
| Investment banking | ||||||
| Revenues | ||||||
| Revenues | $ 1,209,625 | $ 789,269 | $ 2,227,909 | $ 1,518,779 | ||
| Principal transactions | ||||||
| Revenues | ||||||
| Revenues | 488,666 | 338,507 | 976,164 | 745,737 | ||
| Commissions and other fees | ||||||
| Revenues | ||||||
| Revenues | 400,614 | 353,233 | 768,218 | 641,533 | ||
| Asset management fees and revenues | ||||||
| Revenues | ||||||
| Revenues | 9,788 | 20,076 | 77,150 | 105,484 | ||
| Interest | ||||||
| Revenues | ||||||
| Revenues | 853,962 | 878,025 | 1,667,081 | 1,723,196 | ||
| Other | ||||||
| Revenues | ||||||
| Revenues | $ 155,542 | $ 115,205 | $ 272,940 | $ 232,450 | ||
| ||||||
Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Thousands |
May 31, 2026 |
Nov. 30, 2025 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $ 14,314,804 | $ 14,043,889 |
| Cash and securities segregated and on deposit for regulatory purposes or deposited with clearing and depository organizations | 1,135,859 | 917,697 |
| Financial instruments owned, at fair value (includes securities pledged of $15,400,089 and $17,419,373) | 28,038,115 | 27,722,739 |
| Investments in and loans to related parties | 1,555,117 | 1,496,125 |
| Securities borrowed | 9,729,918 | 8,295,161 |
| Securities purchased under agreements to resell | 9,407,203 | 8,449,107 |
| Securities received as collateral, at fair value | 310,813 | 200,495 |
| Receivables: | ||
| Brokers, dealers and clearing organizations | 3,269,022 | 4,310,143 |
| Customers | 4,187,519 | 3,439,921 |
| Fees, interest and other | 848,830 | 806,324 |
| Premises and equipment | 1,190,750 | 1,246,470 |
| Goodwill | 1,725,481 | 1,837,570 |
| Assets held for sale | 295,156 | 0 |
| Other assets (includes assets pledged of $717,897 and $627,259) | 3,531,359 | 3,246,706 |
| Total assets | 79,539,946 | 76,012,347 |
| Liabilities and Equity | ||
| Short-term debt | 1,603,482 | 1,767,206 |
| Financial instruments sold, not yet purchased, at fair value | 14,547,022 | 13,320,152 |
| Securities loaned | 3,104,614 | 2,540,759 |
| Securities sold under agreements to repurchase | 11,318,047 | 12,156,737 |
| Other secured financings (includes $415,801 and $425,964 at fair value) | 2,310,736 | 2,885,878 |
| Obligation to return securities received as collateral, at fair value | 310,813 | 200,495 |
| Payables: | ||
| Brokers, dealers and clearing organizations | 6,385,622 | 6,955,100 |
| Customers | 7,122,654 | 5,216,714 |
| Lease liabilities | 550,928 | 594,097 |
| Liabilities held for sale | 299,760 | 0 |
| Accrued expenses and other liabilities | 3,337,495 | 3,836,709 |
| Long-term debt (includes $3,860,273 and $3,734,843 at fair value) | 18,040,982 | 15,895,891 |
| Total liabilities | 68,932,155 | 65,369,738 |
| Mezzanine Equity | ||
| Redeemable noncontrolling interests | 406 | 406 |
| Equity | ||
| Series B preferred shares, par value of $1 per share, authorized 70,000 shares; 55,125 shares issued and outstanding | 55 | 55 |
| Additional paid-in capital | 1,915,162 | 2,177,954 |
| Accumulated other comprehensive loss | (356,043) | (384,434) |
| Retained earnings | 8,804,430 | 8,574,825 |
| Total Jefferies Financial Group Inc. shareholders' equity | 10,566,996 | 10,574,696 |
| Noncontrolling interests | 40,389 | 67,507 |
| Total equity | 10,607,385 | 10,642,203 |
| Total liabilities and equity | $ 79,539,946 | $ 76,012,347 |
| Common shares, outstanding after deducting shares held in treasury (in shares) | 203,392,570 | 206,296,167 |
| Common shares, issued after deducting shares held in treasury (in shares) | 203,392,570 | |
| Voting Common Stock | ||
| Equity | ||
| Common stock, issued | $ 194,145 | $ 206,296 |
| Common shares, outstanding after deducting shares held in treasury (in shares) | 194,145,489 | 206,296,167 |
| Common shares, issued after deducting shares held in treasury (in shares) | 194,145,489 | 206,296,167 |
| Non-voting Common Stock | ||
| Equity | ||
| Common stock, issued | $ 9,247 | $ 0 |
| Common shares, outstanding after deducting shares held in treasury (in shares) | 9,247,081 | 0 |
| Common shares, issued after deducting shares held in treasury (in shares) | 9,247,081 | 0 |