Jefferies Financial Group annual operating margin
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Jefferies Financial Group Operating Margin Growth & History (JEF)
Jefferies Financial Group's operating margin was 83.50% for fiscal 2025.
View full Jefferies Financial Group company overviewJefferies Financial Group annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-11-30 | 83.50% | −13.51 pp |
| 2024 | 2024-11-30 | 97.01% | −5.35 pp |
| 2023 | 2023-11-30 | 102.36% | +47.27 pp |
| 2022 | 2022-11-30 | 55.10% | +50.13 pp |
| 2021 | 2021-11-30 | 4.97% | +29.06 pp |
| 2020 | 2020-11-30 | −24.09% | +5.56 pp |
| 2019 | 2019-11-30 | −29.65% | −16.66 pp |
| 2018 | 2018-11-30 | −12.99% | −30.23 pp |
| 2017 · Dec 31 | 2017-12-31 | 32.74% | +15.96 pp |
| 2017 · Nov 30 | 2017-11-30 | 17.24% | — |
| 2016 | 2016-12-31 | 16.77% | +7.84 pp |
| 2015 | 2015-12-31 | 8.93% | +0.09 pp |
| 2014 | 2014-12-31 | 8.85% | −0.24 pp |
| 2013 | 2013-12-31 | 9.09% | −5.30 pp |
| 2012 | 2012-12-31 | 14.39% | +9.21 pp |
| 2011 | 2011-12-31 | 5.18% | −26.64 pp |
| 2010 | 2010-12-31 | 31.82% | +75.45 pp |
| 2009 | 2009-12-31 | −43.63% | +31.38 pp |
| 2008 | 2008-12-31 | −75.01% | −69.71 pp |
| 2007 | 2007-12-31 | −5.30% | — |
Jefferies Financial Group quarterly operating margin
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Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-05-31 | 77.14% | −9.69 pp |
| Q1 2026 | 2026-02-28 | 81.61% | — |
| Q4 2025 | 2025-11-30 | 71.55% | — |
| Q3 2025 | 2025-08-31 | 83.28% | — |
| Q2 2025 | 2025-05-31 | 86.83% | — |
| Q3 2022 | 2022-08-31 | −3.48% | −20.37 pp |
| Q2 2022 | 2022-05-31 | −4.23% | −6.87 pp |
| Q1 2022 | 2022-02-28 | 6.93% | +23.88 pp |
| Q4 2021 | 2021-11-30 | 14.69% | +22.62 pp |
| Q3 2021 | 2021-08-31 | 16.88% | +40.91 pp |
| Q2 2021 | 2021-05-31 | 2.65% | +44.71 pp |
| Q1 2021 | 2021-02-28 | −16.96% | +10.20 pp |
| Q4 2020 | 2020-11-30 | −7.93% | +11.88 pp |
| Q3 2020 | 2020-08-31 | −24.03% | +0.66 pp |
| Q2 2020 | 2020-05-31 | −42.06% | −16.69 pp |
| Q1 2020 | 2020-02-29 | −27.15% | +14.33 pp |
| Q4 2019 | 2019-11-30 | −19.81% | −12.78 pp |
| Q3 2019 | 2019-08-31 | −24.70% | — |
| Q2 2019 | 2019-05-31 | −25.38% | — |
| Q1 2019 | 2019-02-28 | −41.48% | — |
| Q4 2018 | 2018-11-30 | −7.03% | — |
| Q3 2018 | 2018-09-30 | −14.99% | −36.84 pp |
| Q2 2018 | 2018-06-30 | −8.68% | −34.66 pp |
| Q1 2018 | 2018-03-31 | −22.15% | −46.14 pp |
| Q4 2017 | 2017-12-31 | 36.28% | +34.43 pp |
| Q3 2017 | 2017-09-30 | 21.84% | +7.25 pp |
| Q2 2017 | 2017-06-30 | 25.98% | +15.30 pp |
| Q1 2017 | 2017-03-31 | 23.99% | +29.87 pp |
| Q4 2016 | 2016-12-31 | 1.86% | −6.77 pp |
| Q3 2016 | 2016-09-30 | 14.59% | +18.35 pp |
| Q2 2016 | 2016-06-30 | 10.68% | +4.58 pp |
| Q1 2016 | 2016-03-31 | −5.88% | −27.75 pp |
| Q4 2015 | 2015-12-31 | 8.63% | +3.80 pp |
| Q3 2015 | 2015-09-30 | −3.76% | −13.07 pp |
| Q2 2015 | 2015-06-30 | 6.10% | −4.50 pp |
| Q1 2015 | 2015-03-31 | 21.87% | +11.24 pp |
| Q4 2014 | 2014-12-31 | 4.83% | −2.30 pp |
| Q3 2014 | 2014-09-30 | 9.31% | +1.57 pp |
| Q2 2014 | 2014-06-30 | 10.60% | +1.64 pp |
| Q1 2014 | 2014-03-31 | 10.63% | −3.44 pp |
| Q4 2013 | 2013-12-31 | 7.13% | −22.83 pp |
| Q3 2013 | 2013-09-30 | 7.75% | +1.29 pp |
| Q2 2013 | 2013-06-30 | 8.96% | +27.46 pp |
| Q1 2013 | 2013-03-31 | 14.06% | −11.54 pp |
| Q4 2012 | 2012-12-31 | 29.96% | +227.94 pp |
| Q3 2012 | 2012-09-30 | 6.46% | −1.91 pp |
| Q2 2012 | 2012-06-30 | −18.50% | −86.02 pp |
| Q1 2012 | 2012-03-31 | 25.60% | +6.77 pp |
| Q4 2011 | 2011-12-31 | −197.99% | −265.74 pp |
| Q3 2011 | 2011-09-30 | 8.37% | +39.94 pp |
| Q2 2011 | 2011-06-30 | 67.53% | +39.59 pp |
| Q1 2011 | 2011-03-31 | 18.83% | +2.24 pp |
| Q4 2010 | 2010-12-31 | 67.75% | +71.33 pp |
| Q3 2010 | 2010-09-30 | −31.57% | −9.22 pp |
| Q2 2010 | 2010-06-30 | 27.94% | +123.92 pp |
| Q1 2010 | 2010-03-31 | 16.59% | +95.71 pp |
| Q4 2009 | 2009-12-31 | −3.58% | — |
| Q3 2009 | 2009-09-30 | −22.35% | +20.99 pp |
| Q2 2009 | 2009-06-30 | −95.98% | −85.42 pp |
| Q1 2009 | 2009-03-31 | −79.12% | — |
| Q3 2008 | 2008-09-30 | −43.35% | — |
| Q2 2008 | 2008-06-30 | −10.56% | — |
Jefferies Financial Group operating margin trends
Over the last five fiscal years, Jefferies Financial Group's operating margin increased from −24.09% to 83.50%, a change of +107.58 percentage points. The latest reported quarter, Q2 2026, shows 77.14%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Jefferies Financial Group source filings ↗Community posts
Jefferies reports record investment-banking revenue but weaker fixed-income trading
Jefferies ($JEF) reported quarterly net revenue of $2.22 billion and earnings attributable to common shareholders of approximately $261 million. Diluted earnings per voting common share were $1.08. Investment-banking revenue increased 17% t ...
