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Jefferies Financial Group JEF Investment Banking And Capital Markets — Total expenses

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$2.0B+26.6%
Gross profit$2.0B+28.1%
Net income$159.3M+16.4%
EPS (diluted)$0.70+22.8%

Balance sheet

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Cash & equivalents$13.7B+10.1%
Total debt$19.1B+20.0%
Total equity$10.6B+4.0%
Total assets$74.4B+5.9%

Cash flow

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Operating cash flow-$1.7B+34.8%
CapEx$64.9M+30.8%
Free cash flow-$1.8B+33.6%

Valuation

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Market cap$12.7B-32.8%
Enterprise value$18.13B-14.8%
P/E18×-9.1×
P/S1.6×-1.1×

Profitability

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Gross margin97.7%+0.8pp
Net margin9.1%-1.0pp
FCF margin17.6%+15.6pp

Returns & leverage

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Return on equity6.8%-0.2pp
Debt / equity1.8×+0.2×

Where this comes from

Reported directly by Jefferies Financial Group in its filing.

Tagged under the XBRL concept us-gaap:NoninterestExpense.

The official record: Jefferies Financial Group’s 10-Q, filed April 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Jefferies Financial Group's investment banking and capital markets — total expenses?
Jefferies Financial Group (JEF) reported investment banking and capital markets — total expenses of $1.55B in Q4 2025.
How has Jefferies Financial Group's investment banking and capital markets — total expenses changed year-over-year?
Jefferies Financial Group's investment banking and capital markets — total expenses increased by 25.4% year-over-year, from $1.23B to $1.55B.
What does investment banking and capital markets — total expenses mean?
The total operating costs required to run the investment banking and capital markets business.
How do you interpret investment banking and capital markets — total expenses?
An increase relative to revenue may signal margin compression or higher investment in talent and technology, while a decrease often reflects cost-cutting initiatives or lower variable compensation due to reduced deal activity.
How does investment banking and capital markets — total expenses compare across companies?
Comparable to segment-level operating expenses reported by major investment banks and financial services competitors.