Jefferies Financial Group JEF Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net revenues by Business | ||||||
| Asset Management | $220.3M+14.9% | $187M-40.6% | $176.9M+200% | $154.6M-1.2% | $191.7M-29.9% | |
| Investment Banking and Capital Markets | $1.8B+28.4% | $1.88B+14.7% | $1.86B+14.7% | $1.47B-1.6% | $1.4B-3.6% | |
| Non-interest revenues by Business | ||||||
| Asset Management | $255.9M+15.4% | —— | —— | —— | $221.7M-5.0% | |
| Investment Banking and Capital Markets | $1.8B+28.3% | —— | —— | —— | $1.4B-6.6% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Asset Management | -$39.6M-118% | -$39.3M— | -$16.3M+86.5% | -$62.7M-115% | -$18.2M-135% | |
| Investment Banking and Capital Markets | $251M+50.3% | $290.5M+17.1% | $336.3M-8.7% | $188.3M-25.1% | $167M+7.7% | |
| Total Assets by Business | ||||||
| Asset Management | $5.45B+2.3% | $5.68B+8.8% | $5.6B+0.6% | $5.33B-13.5% | $5.32B-19.9% | |
| Investment Banking and Capital Markets | $68.93B+6.2% | $70.34B+18.9% | $63.72B— | $61.96B— | $64.9B— | |
| Other segment items by Business | ||||||
| Asset Management | $131.6M+114% | —— | —— | —— | $61.6M+1.7% | |
| Investment Banking and Capital Markets | $189.1M+7.2% | —— | —— | —— | $176.4M+7.2% | |
| Noninterest Expense by Business | ||||||
| Asset Management | $259.9M+23.8% | $226.3M-13.4% | $193.2M+7.8% | $217.3M+17.1% | $209.9M-5.3% | |
| Investment Banking and Capital Markets | $1.55B+25.4% | $1.59B+14.3% | $1.52B+21.6% | $1.28B+3.1% | $1.23B-5.0% | |
| Interest Income, Operating by Business | ||||||
| Asset Management | $43M+1.2% | —— | —— | —— | $42.5M-5.7% | |
| Investment Banking and Capital Markets | $770.1M-4.0% | —— | —— | —— | $802.6M-4.5% | |
| Total equity method pickup earnings (losses) recognized in Other revenues by Business | ||||||
| Asset Management | $4.2M+75.0% | —— | —— | —— | $2.4M+159% | |
| Investment Banking and Capital Markets | $20.3M+332% | —— | —— | —— | $4.7M-77.3% | |
| Goodwill by Business | ||||||
| Asset Management | $188.63M-35.6% | $301.61M+2.3% | $302.55M+1.7% | $304.64M+4.9% | $292.79M+0.2% | |
| Equities and wealth management | $256.1M+0.4% | $255.9M+0.2% | $256.2M+0.2% | $256.1M— | $255.2M— | |
| Fixed income | $578.5M+0.3% | $578M+0.2% | $578.7M+0.1% | $578.5M— | $576.5M— | |
| Investment Banking and Capital Markets | $1.54B+0.4% | $1.54B+0.2% | $1.54B+0.2% | $1.54B+0.3% | $1.53B0.0% | |
| Other investments | $45.7M-69.5% | $158.7M+4.5% | $159.6M+3.3% | $161.8M— | $149.8M— | |
| Interest Expense by Business | ||||||
| Asset Management | $78.6M+8.4% | —— | —— | —— | $72.5M-6.5% | |
| Investment Banking and Capital Markets | $775.5M-3.9% | —— | —— | —— | $807.3M+1.9% | |
| Compensation and benefits by Business | ||||||
| Asset Management | $64.6M-10.3% | —— | —— | —— | $72M+19.5% | |
| Investment Banking and Capital Markets | $1.02B+32.8% | —— | —— | —— | $769.1M-10.0% | |
| Goodwill, Written off Related to Sale of Business Unit by Business | ||||||
| Asset Management | $56.85M+3,988% | $1.39M— | $1.39M— | $1.39M— | $1.39M— | |
| Investment Banking and Capital Markets | $0— | $0— | —— | —— | —— | |
| Business development by Business | ||||||
| Asset Management | $5.2M-61.8% | —— | —— | —— | $13.6M+37.4% | |
| Investment Banking and Capital Markets | $70.3M+19.8% | —— | —— | —— | $58.7M-3.7% | |
| Currency translation and other adjustments by Business | ||||||
| Asset Management | $2.12M+199% | $0+100% | $3.47M+77.2% | $10.06M+2,472% | -$2.14M— | |
| Investment Banking and Capital Markets | $1.28M+211% | —— | $409K-86.3% | $5.61M+854% | -$1.15M-398% | |
| Technology and communications by Business | ||||||
| Asset Management | $17.3M+45.4% | —— | —— | —— | $11.9M-18.1% | |
| Investment Banking and Capital Markets | $142.5M+11.7% | —— | —— | —— | $127.6M+4.5% | |
| D&A by Business | ||||||
| Asset Management | $23.4M+10.9% | —— | —— | —— | $21.1M-3.3% | |
| Investment Banking and Capital Markets | $33.5M+238% | —— | —— | —— | $9.9M-61.6% | |
| Brokerage and clearing fees by Business | ||||||
| Asset Management | $11.3M+22.8% | —— | —— | —— | $9.2M-39.3% | |
| Investment Banking and Capital Markets | $121.8M+21.6% | —— | —— | —— | $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-21.1% | $12.11M+1.1% | $13.08M+9.1% | $20.08M+70.6% | $85.41M+69.6% | |
| Commissions and other fees | $367.6M+27.5% | $356.04M+19.7% | $325.18M+20.2% | $353.23M+30.0% | $288.3M+17.4% | |
| Interest | $813.12M-3.8% | $832.23M-8.3% | $846.89M-9.6% | $878.03M-0.2% | $845.17M+3.1% | |
| Investment banking | $3.33M-13.5% | $10.65M+131% | $3.11M+584% | $3.81M-99.5% | $3.85M-99.4% | |
| Principal transactions | $487.5M+19.7% | $378.33M-13.1% | $486.89M+50.0% | $338.51M-18.7% | $407.23M-36.4% | |
| Revenues not from contracts with customers by Product | ||||||
| Interest | $813.12M-3.8% | $832.23M-8.3% | $846.89M-9.6% | $878.03M-0.2% | $845.17M+3.1% | |
| Other | $45.71M+40.3% | $53.32M-0.1% | $57.79M-5.7% | $29.64M-75.5% | $32.59M+151% | |
| Principal transactions | $487.5M+19.7% | $378.33M-13.1% | $486.89M+50.0% | $338.51M-18.7% | $407.23M-36.4% | |
| Revenues from strategic affiliates | $69.29M+59.5% | $13.99M+43.3% | $11.93M+90.7% | $21.34M+346% | $43.45M+107% | |
| Revenues from contracts with customers by Product | ||||||
| Internet connection and broadband revenues | $52.41M-9.3% | $56.99M-0.6% | $56.6M-7.6% | $56.67M-3.7% | $57.8M-9.1% | |
| Real estate revenues | $2.25M-79.7% | $50.72M-53.2% | $16.62M+312% | $16.21M+358% | $11.08M+252% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Product | ||||||
| Asset Management Fees and Investment Return | 8,000,000,000%+6,670,000,000pp | —— | —— | —— | 1,330,000,000%+280,000,000pp | |
| Other Investments | 11,960,000,000%+8,810,000,000pp | —— | —— | —— | 3,150,000,000%+997,500,000pp | |
| Net revenues by Geography | ||||||
| Americas | $1.41B+29.7% | $1.46B+9.2% | $1.45B+24.9% | $990.3M-13.5% | $1.08B-17.1% | |
| Asia-Pacific | $175M+26.7% | $137.1M-5.8% | $145.6M+21.3% | $155.9M+10.6% | $138.1M+40.1% | |
| Europe and the Middle East | $436.3M+17.7% | $468.5M-0.5% | $453.8M+12.2% | $488.2M+31.9% | $370.6M+11.7% | |
| Revenues from contracts with customers by Geography | ||||||
| Americas | $1.07B+30.3% | $1.21B+24.1% | $1.08B+18.4% | $826.66M+8.9% | $819.75M+5.7% | |
| Asia-Pacific | $96.66M+4.2% | $103.89M-12.1% | $116.18M+32.3% | $103.92M-2.2% | $92.77M+35.4% | |
| Europe and the Middle East | $290.82M+25.4% | $357.22M+1.6% | $309.93M+8.4% | $296.22M+29.2% | $231.92M+21.6% |
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.
