Jefferies Financial Group annual operating expenses
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Jefferies Financial Group Operating Expenses Growth & History (JEF)
Jefferies Financial Group's operating expenses was $6.47B for fiscal 2025.
View full Jefferies Financial Group company overviewJefferies Financial Group annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-11-30 | $6.47B | $443.5M | +7.36% |
| 2024 | 2024-11-30 | $6.03B | $1.68B | +38.73% |
| 2023 | 2023-11-30 | $4.35B | −$577.1M | −11.72% |
| 2022 | 2022-11-30 | $4.92B | −$913.5M | −15.65% |
| 2021 | 2021-11-30 | $5.84B | $968.5M | +19.89% |
| 2020 | 2020-11-30 | $4.87B | $1.25B | +34.58% |
| 2019 | 2019-11-30 | $3.62B | $92.4M | +2.62% |
| 2018 | 2018-11-30 | $3.52B | $188.6M | +5.65% |
| 2017 · Dec 31 | 2017-12-31 | $3.40B | $193.5M | +6.04% |
| 2017 · Nov 30 | 2017-11-30 | $3.34B | — | — |
| 2016 | 2016-12-31 | $3.20B | −$7.44B | −69.90% |
| 2015 | 2015-12-31 | $10.64B | −$603.6M | −5.37% |
| 2014 | 2014-12-31 | $11.24B | $1.24B | +12.45% |
| 2013 | 2013-12-31 | $10.00B | $1.95B | +24.20% |
| 2012 | 2012-12-31 | $8.05B | $7.44B | +1221.34% |
| 2011 | 2011-12-31 | $609.3M | −$211.2M | −25.74% |
| 2010 | 2010-12-31 | $820.5M | $191.3M | +30.40% |
| 2009 | 2009-12-31 | $629.2M | −$232.8M | −27.01% |
| 2008 | 2008-12-31 | $862.0M | −$354.1M | −29.12% |
| 2007 | 2007-12-31 | $1.22B | — | — |
Jefferies Financial Group quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-05-31 | $1.89B | $391.4M | +26.10% |
| Q1 2026 | 2026-02-28 | $1.80B | $363.0M | +25.17% |
| Q4 2025 | 2025-11-30 | $1.82B | $163.9M | +9.92% |
| Q3 2025 | 2025-08-31 | $1.72B | $284.8M | +19.90% |
| Q2 2025 | 2025-05-31 | $1.50B | $70.9M | +4.96% |
| Q1 2025 | 2025-02-28 | $1.44B | −$76.0M | −5.01% |
| Q4 2024 | 2024-11-30 | $1.65B | $541.8M | +48.81% |
| Q3 2024 | 2024-08-31 | $1.43B | $339.8M | +31.15% |
| Q2 2024 | 2024-05-31 | $1.43B | $409.0M | +40.11% |
| Q1 2024 | 2024-02-29 | $1.52B | $392.5M | +34.87% |
| Q4 2023 | 2023-11-30 | $1.11B | −$104.7M | −8.62% |
| Q3 2023 | 2023-08-31 | $1.09B | −$127.2M | −10.44% |
| Q2 2023 | 2023-05-31 | $1.02B | −$161.2M | −13.65% |
| Q1 2023 | 2023-02-28 | $1.13B | −$184.1M | −14.06% |
| Q4 2022 | 2022-11-30 | $1.21B | −$135.6M | −10.04% |
| Q3 2022 | 2022-08-31 | $1.22B | −$140.0M | −10.31% |
| Q2 2022 | 2022-05-31 | $1.18B | −$272.0M | −18.72% |
| Q1 2022 | 2022-02-28 | $1.31B | −$366.0M | −21.84% |
| Q4 2021 | 2021-11-30 | $1.35B | −$83.1M | −5.80% |
| Q3 2021 | 2021-08-31 | $1.36B | $149.2M | +12.34% |
| Q2 2021 | 2021-05-31 | $1.45B | $387.5M | +36.37% |
| Q1 2021 | 2021-02-28 | $1.68B | $514.9M | +44.36% |
| Q4 2020 | 2020-11-30 | $1.43B | $478.5M | +50.12% |
| Q3 2020 | 2020-08-31 | $1.21B | $293.2M | +32.01% |
| Q2 2020 | 2020-05-31 | $1.07B | $125.0M | +13.29% |
| Q1 2020 | 2020-02-29 | $1.16B | $354.2M | +43.93% |
| Q4 2019 | 2019-11-30 | $954.8M | $123.6M | +14.87% |
| Q3 2019 | 2019-08-31 | $915.8M | — | — |
| Q2 2019 | 2019-05-31 | $940.3M | — | — |
| Q1 2019 | 2019-02-28 | $806.4M | — | — |
| Q4 2018 | 2018-11-30 | $831.2M | — | — |
| Q3 2018 | 2018-09-30 | $897.0M | $35.3M | +4.10% |
| Q2 2018 | 2018-06-30 | $907.0M | $82.3M | +9.98% |
| Q1 2018 | 2018-03-31 | $889.8M | −$1.45B | −62.00% |
| Q4 2017 | 2017-12-31 | $762.0M | $120.8M | +18.85% |
| Q3 2017 | 2017-09-30 | $861.7M | −$1.60B | −65.01% |
| Q2 2017 | 2017-06-30 | $824.7M | −$1.71B | −67.50% |
| Q1 2017 | 2017-03-31 | $2.34B | $4.2M | +0.18% |
| Q4 2016 | 2016-12-31 | $641.2M | −$1.83B | −74.05% |
| Q3 2016 | 2016-09-30 | $2.46B | −$199.6M | −7.49% |
| Q2 2016 | 2016-06-30 | $2.54B | −$331.0M | −11.54% |
| Q1 2016 | 2016-03-31 | $2.34B | −$300.9M | −11.41% |
| Q4 2015 | 2015-12-31 | $2.47B | −$283.7M | −10.30% |
| Q3 2015 | 2015-09-30 | $2.66B | −$251.9M | −8.64% |
| Q2 2015 | 2015-06-30 | $2.87B | $99.4M | +3.59% |
| Q1 2015 | 2015-03-31 | $2.64B | −$167.4M | −5.97% |
| Q4 2014 | 2014-12-31 | $2.75B | −$144.2M | −4.97% |
| Q3 2014 | 2014-09-30 | $2.91B | $415.2M | +16.61% |
| Q2 2014 | 2014-06-30 | $2.77B | $142.6M | +5.43% |
| Q1 2014 | 2014-03-31 | $2.81B | $831.0M | +42.08% |
| Q4 2013 | 2013-12-31 | $2.90B | $955.5M | +49.17% |
| Q3 2013 | 2013-09-30 | $2.50B | $453.9M | +22.19% |
| Q2 2013 | 2013-06-30 | $2.63B | $593.0M | +29.16% |
| Q1 2013 | 2013-03-31 | $1.97B | −$54.4M | −2.68% |
| Q4 2012 | 2012-12-31 | $1.94B | — | — |
| Q3 2012 | 2012-09-30 | $2.05B | $1.86B | +1017.49% |
| Q2 2012 | 2012-06-30 | $2.03B | $1.80B | +768.20% |
| Q1 2012 | 2012-03-31 | $2.03B | $1.82B | +892.09% |
| Q3 2011 | 2011-09-30 | $183.0M | −$61.5M | −25.16% |
| Q2 2011 | 2011-06-30 | $234.2M | $25.3M | +12.13% |
| Q1 2011 | 2011-03-31 | $204.5M | $43.1M | +26.67% |
| Q4 2010 | 2010-12-31 | $205.6M | $55.9M | +37.33% |
| Q3 2010 | 2010-09-30 | $244.6M | $123.5M | +101.99% |
| Q2 2010 | 2010-06-30 | $208.9M | −$10.4M | −4.74% |
| Q1 2010 | 2010-03-31 | $161.4M | $22.3M | +16.03% |
| Q4 2009 | 2009-12-31 | $149.7M | — | — |
| Q3 2009 | 2009-09-30 | $121.1M | −$239.6M | −66.43% |
| Q2 2009 | 2009-06-30 | $219.3M | −$153.9M | −41.24% |
| Q1 2009 | 2009-03-31 | $139.1M | — | — |
| Q3 2008 | 2008-09-30 | $360.7M | — | — |
| Q2 2008 | 2008-06-30 | $373.2M | — | — |
Jefferies Financial Group operating expenses trends
Over the last five fiscal years, Jefferies Financial Group's operating expenses increased from $4.87B to $6.47B, a change of $1.60B. The latest reported quarter, Q2 2026, shows $1.89B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Jefferies Financial Group source filings ↗