balance equationreview2022-11-30
Difference 125000000 exceeds tolerance 51057683.000. Presentation or filing-vintage differences need review.
Revenue
$10.82B
Fiscal year ended 2025-11-30Net income
Unavailable
Fiscal year ended 2025-11-30Total assets
$76.01B
Fiscal year ended 2025-11-30Jefferies Financial Group Inc. (JEF) reported revenue of $10.82B for the fiscal year ended 2025-11-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Jefferies Financial Group Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Security Brokers, Dealers & Flotation Companies.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.82B | $10.52B | $7.44B | $7.15B | $8.95B | $6.88B | $5.36B | $5.05B | $10.88B | $11.68B |
| Cost of revenue | $190.93M | $206.28M | $29.44M | $440.84M | $470.87M | $338.59M | $319.64M | $280.95M | $6.85B | $7.68B |
| Gross profit | $10.63B | $10.31B | $7.41B | $6.71B | $8.47B | $6.54B | $5.04B | $4.77B | $4.02B | $4.01B |
| Operating income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net income | Unavailable | Unavailable | Unavailable | Unavailable | $1.67B | $769.60M | $959.59M | $167.35M | $125.94M | $279.59M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 222.75M | shares 223.65M | shares 236.62M | shares 255.57M | shares 271.50M | shares 290.49M | shares 317.03M | shares 370.70M | shares 371.52M | shares 372.43M |
| Pretax income | $870.99M | $1.01B | $354.27M | $1.06B | $2.25B | $1.07B | $478.61M | $606.50M | $316.43M | $356.54M |
| Income tax expense | $184.57M | $293.19M | $91.88M | $273.85M | $576.73M | $298.67M | -$483.96M | $642.29M | $122.11M | $109.95M |
| Diluted EPS | $2.83 | $2.99 | $1.10 | $3.06 | $6.13 | $2.65 | $3.03 | $0.45 | $0.34 | $0.74 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | $0 | $0 | $1.01B | $778.05M | $831.89M | $757.79M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $14.04B | $12.15B | $8.53B | $9.70B | $10.76B | $9.06B | $7.68B | $5.28B | $3.81B | $3.64B |
| Total assets | $76.01B | $64.36B | $57.91B | $51.06B | $56.11B | $53.12B | $49.46B | $47.17B | $45.07B | $46.33B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $65.37B | $54.13B | $48.10B | $40.63B | $45.38B | $43.53B | $39.71B | $36.48B | $34.31B | $35.55B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $10.64B | $10.22B | $9.80B | $10.30B | $10.58B | $9.44B | $9.60B | $10.14B | $10.30B | $10.47B |
| Temporary (mezzanine) equity | $406.00K | $406.00K | $406.00K | $6.46M | $25.40M | $24.68M | $26.60M | $426.59M | $336.81M | $191.63M |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $309.94M | $288.07M |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | $1.84B | $1.83B | $1.85B | $1.74B | $1.75B | $1.75B | $1.74B | $1.72B | $1.72B | $1.74B |
| Long-term debt | $15.90B | $13.53B | $9.70B | $8.77B | $9.13B | $8.35B | $8.34B | $7.89B | $7.38B | $7.40B |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | Unavailable | Unavailable | -$1.93B | $1.80B | $1.58B | $2.06B | -$827.84M | $788.29M | $608.85M | -$761.76M |
| Capital expenditures | $207.47M | $250.58M | $1.16M | $224.30M | $165.60M | $176.96M | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$298.81M | $210.31M | -$12.20M | -$60.54M | -$409.86M | -$165.68M | $1.71B | -$54.63M | -$639.66M | $781.16M |
| Financing cash flow | Unavailable | Unavailable | $1.06B | -$2.84B | $994.29M | -$723.52M | $1.59B | $434.80M | $230.91M | -$651.98M |
| Net change in cash | $1.80B | $3.35B | -$830.80M | -$1.12B | $2.16B | $1.18B | $2.47B | $1.18B | $168.91M | -$638.13M |
| Stock-based compensation | $88.23M | $63.12M | $45.36M | $43.92M | $78.16M | $40.04M | $49.85M | $48.38M | $33.60M | $74.09M |
| Common dividends paid | $374.13M | $302.96M | $278.60M | $280.10M | $222.80M | $160.94M | $149.65M | $117.41M | $91.30M | $92.55M |
| Common share repurchases | $58.52M | $44.31M | $169.40M | $859.59M | $269.40M | $816.87M | $509.91M | $100.48M | $95.02M | $125.75M |
| Depreciation & amortization | $192.28M | $190.33M | $112.20M | $172.90M | $157.42M | $158.44M | $152.87M | $110.40M | $211.59M | $224.13M |
Derived
| Metric | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | $1.42B | $1.88B | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | 98.2% | 98.0% | 99.6% | 93.8% | 94.7% | 95.1% | 94.0% | 94.4% | 37.0% | 34.3% |
| Operating margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | 15.8% | 27.3% | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 0.8% | 0.6% | 0.6% | 0.6% | 0.9% | 0.6% | 0.9% | 1.0% | 0.3% | 0.6% |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | 2.9% | 41.3% | 4.1% | -20.1% | 30.0% | 28.4% | Unavailable | -53.6% | -6.9% | Unavailable |
| Net margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 17.9% | 3.3% | 1.2% | 2.4% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 1.9% | 2.4% | 0.0% | 3.1% | 1.9% | 2.6% | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 1.49x | 1.32x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 21.2% | 29.2% | 25.9% | 25.9% | 25.6% | 28.0% | -101.1% | 105.9% | 38.6% | 30.8% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open JEF in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-07-09View SEC filing
10-Q · Filed 2026-04-07View SEC filing
10-K · Filed 2026-01-28View SEC filing
10-Q · Filed 2025-10-09View SEC filing
10-Q · Filed 2025-07-09View SEC filing
10-Q · Filed 2025-04-09View SEC filing
Reconciliation checks needing review
7 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
balance equationreview2021-11-30
Difference 125000000 exceeds tolerance 56107311.000. Presentation or filing-vintage differences need review.
balance equationreview2020-11-30
Difference 125000000 exceeds tolerance 53118352.000. Presentation or filing-vintage differences need review.
balance equationreview2019-11-30
Difference 125000000 exceeds tolerance 49460234.000. Presentation or filing-vintage differences need review.
balance equationreview2017-12-31
Difference 125000000 exceeds tolerance 47169108.000. Presentation or filing-vintage differences need review.
balance equationreview2016-12-31
Difference 125000000 exceeds tolerance 45071307.000. Presentation or filing-vintage differences need review.
balance equationreview2015-12-31
Difference 125000000 exceeds tolerance 46331184.000. Presentation or filing-vintage differences need review.