Jefferies Financial Group JEF Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net revenues by Business | ||||||
| Asset Management | $220.3M+17.8% | $187M+5.7% | $176.9M+14.4% | $154.6M-19.4% | $191.7M-39.1% | |
| Investment Banking and Capital Markets | $1.8B-4.5% | $1.88B+1.1% | $1.86B+26.4% | $1.47B+5.1% | $1.4B-14.6% | |
| Non-interest revenues by Business | ||||||
| Asset Management | $255.9M— | —— | —— | —— | $221.7M-5.0% | |
| Investment Banking and Capital Markets | $1.8B— | —— | —— | —— | $1.4B-6.6% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Asset Management | -$39.6M-0.8% | -$39.3M-141% | -$16.3M+74.0% | -$62.7M-245% | -$18.2M— | |
| Investment Banking and Capital Markets | $251M-13.6% | $290.5M-13.6% | $336.3M+78.6% | $188.3M+12.8% | $167M-32.7% | |
| Total Assets by Business | ||||||
| Asset Management | $5.45B-4.1% | $5.68B+1.4% | $5.6B+5.0% | $5.33B+0.1% | $5.32B+2.0% | |
| Investment Banking and Capital Markets | $68.93B-2.0% | $70.34B+10.4% | $63.72B+2.8% | $61.96B-4.5% | $64.9B+9.7% | |
| Other segment items by Business | ||||||
| Asset Management | $131.6M— | —— | —— | —— | $61.6M+1.7% | |
| Investment Banking and Capital Markets | $189.1M— | —— | —— | —— | $176.4M+7.2% | |
| Noninterest Expense by Business | ||||||
| Asset Management | $259.9M+14.8% | $226.3M+17.1% | $193.2M-11.1% | $217.3M+3.5% | $209.9M-19.7% | |
| Investment Banking and Capital Markets | $1.55B-2.8% | $1.59B+4.4% | $1.52B+18.7% | $1.28B+4.1% | $1.23B-11.4% | |
| Interest Income, Operating by Business | ||||||
| Asset Management | $43M— | —— | —— | —— | $42.5M-5.7% | |
| Investment Banking and Capital Markets | $770.1M— | —— | —— | —— | $802.6M-4.5% | |
| Total equity method pickup earnings (losses) recognized in Other revenues by Business | ||||||
| Asset Management | $4.2M— | —— | —— | —— | $2.4M+159% | |
| Investment Banking and Capital Markets | $20.3M— | —— | —— | —— | $4.7M-77.3% | |
| Goodwill by Business | ||||||
| Asset Management | $188.63M-37.5% | $301.61M-0.3% | $302.55M-0.7% | $304.64M+4.1% | $292.79M-0.7% | |
| Equities and wealth management | $256.1M+0.1% | $255.9M-0.1% | $256.2M0.0% | $256.1M+0.4% | $255.2M-0.1% | |
| Fixed income | $578.5M+0.1% | $578M-0.1% | $578.7M0.0% | $578.5M+0.3% | $576.5M-0.1% | |
| Investment Banking and Capital Markets | $1.54B+0.1% | $1.54B-0.1% | $1.54B0.0% | $1.54B+0.4% | $1.53B-0.1% | |
| Other investments | $45.7M-71.2% | $158.7M-0.6% | $159.6M-1.4% | $161.8M+8.0% | $149.8M-1.4% | |
| Interest Expense by Business | ||||||
| Asset Management | $78.6M— | —— | —— | —— | $72.5M-6.5% | |
| Investment Banking and Capital Markets | $775.5M— | —— | —— | —— | $807.3M+1.9% | |
| Compensation and benefits by Business | ||||||
| Asset Management | $64.6M— | —— | —— | —— | $72M+19.5% | |
| Investment Banking and Capital Markets | $1.02B— | —— | —— | —— | $769.1M-10.0% | |
| Goodwill, Written off Related to Sale of Business Unit by Business | ||||||
| Asset Management | $56.85M+3,988% | $1.39M0.0% | $1.39M0.0% | $1.39M0.0% | $1.39M— | |
| Investment Banking and Capital Markets | $0— | $0— | —— | —— | —— | |
| Business development by Business | ||||||
| Asset Management | $5.2M— | —— | —— | —— | $13.6M+37.4% | |
| Investment Banking and Capital Markets | $70.3M— | —— | —— | —— | $58.7M-3.7% | |
| Currency translation and other adjustments by Business | ||||||
| Asset Management | $2.12M— | $0-100% | $3.47M-65.5% | $10.06M+570% | -$2.14M+53.9% | |
| Investment Banking and Capital Markets | $1.28M— | —— | $409K-92.7% | $5.61M+587% | -$1.15M— | |
| Technology and communications by Business | ||||||
| Asset Management | $17.3M— | —— | —— | —— | $11.9M-18.1% | |
| Investment Banking and Capital Markets | $142.5M— | —— | —— | —— | $127.6M+4.5% | |
| D&A by Business | ||||||
| Asset Management | $23.4M— | —— | —— | —— | $21.1M-3.3% | |
| Investment Banking and Capital Markets | $33.5M— | —— | —— | —— | $9.9M-61.6% | |
| Brokerage and clearing fees by Business | ||||||
| Asset Management | $11.3M— | —— | —— | —— | $9.2M-39.3% | |
| Investment Banking and Capital Markets | $121.8M— | —— | —— | —— | $100.2M+7.7% | |
| Goodwill, Impairment Loss by Business | ||||||
| Asset Management | $58.24M— | —— | —— | —— | —— | |
| Investment Banking and Capital Markets | $0— | —— | —— | —— | —— | |
| Revenue by Product | ||||||
| Asset management fees | $67.36M+456% | $12.11M-7.4% | $13.08M-34.9% | $20.08M-76.5% | $85.41M+613% | |
| Commissions and other fees | $367.6M+3.2% | $356.04M+9.5% | $325.18M-7.9% | $353.23M+22.5% | $288.3M-3.1% | |
| Interest | $813.12M-2.3% | $832.23M-1.7% | $846.89M-3.5% | $878.03M+3.9% | $845.17M-6.9% | |
| Investment banking | $3.33M-68.7% | $10.65M+242% | $3.11M-18.4% | $3.81M-0.9% | $3.85M-16.5% | |
| Principal transactions | $487.5M+28.9% | $378.33M-22.3% | $486.89M+43.8% | $338.51M-16.9% | $407.23M-6.5% | |
| Revenues not from contracts with customers by Product | ||||||
| Interest | $813.12M-2.3% | $832.23M-1.7% | $846.89M-3.5% | $878.03M+3.9% | $845.17M-6.9% | |
| Other | $45.71M-14.3% | $53.32M-7.7% | $57.79M+95.0% | $29.64M-9.0% | $32.59M-39.0% | |
| Principal transactions | $487.5M+28.9% | $378.33M-22.3% | $486.89M+43.8% | $338.51M-16.9% | $407.23M-6.5% | |
| Revenues from strategic affiliates | $69.29M+395% | $13.99M+17.2% | $11.93M-44.1% | $21.34M-50.9% | $43.45M+345% | |
| Revenues from contracts with customers by Product | ||||||
| Internet connection and broadband revenues | $52.41M-8.0% | $56.99M+0.7% | $56.6M-0.1% | $56.67M-2.0% | $57.8M+0.8% | |
| Real estate revenues | $2.25M-95.6% | $50.72M+205% | $16.62M+2.5% | $16.21M+46.3% | $11.08M-89.8% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Product | ||||||
| Asset Management Fees and Investment Return | 8,000,000,000%— | —— | —— | —— | 1,330,000,000%+280,000,000pp | |
| Other Investments | 11,960,000,000%— | —— | —— | —— | 3,150,000,000%+997,500,000pp | |
| Net revenues by Geography | ||||||
| Americas | $1.41B-3.9% | $1.46B+1.1% | $1.45B+46.2% | $990.3M-8.7% | $1.08B-19.1% | |
| Asia-Pacific | $175M+27.6% | $137.1M-5.8% | $145.6M-6.6% | $155.9M+12.9% | $138.1M-5.1% | |
| Europe and the Middle East | $436.3M-6.9% | $468.5M+3.2% | $453.8M-7.0% | $488.2M+31.7% | $370.6M-21.3% | |
| Revenues from contracts with customers by Geography | ||||||
| Americas | $1.07B-11.7% | $1.21B+12.2% | $1.08B+30.4% | $826.66M+0.8% | $819.75M-15.9% | |
| Asia-Pacific | $96.66M-7.0% | $103.89M-10.6% | $116.18M+11.8% | $103.92M+12.0% | $92.77M-21.5% | |
| Europe and the Middle East | $290.82M-18.6% | $357.22M+15.3% | $309.93M+4.6% | $296.22M+27.7% | $231.92M-34.1% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Jefferies Financial Group break its business down?
- Jefferies Financial Group (JEF) reports net revenues by business across 2 parts — Asset Management and Investment Banking and Capital Markets. Each is extracted from the segment footnotes and tracked over time.
- Where does Jefferies Financial Group's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Jefferies Financial Group's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
