Jefferies Financial Group Inc. reported a significant increase in its financial performance for the third quarter ended August 31, 2026, with net revenues reaching $2.22 billion, an 8.5% increase from $2.05 billion in the same period last year. The company’s net earnings attributable to common shareholders rose by 26.7% to $283.9 million, compared to $224.0 million in the prior year quarter. The effective tax rate for the quarter was 17.9%, down from 26.9% a year earlier, primarily due to the recognition of excess tax benefits associated with share-based awards.
For the nine months ended August 31, 2026, Jefferies reported net revenues of $6.45 billion, a 22.2% increase from $5.27 billion in the previous year. Net earnings attributable to common shareholders for this period were $661.7 million, up 50.4% from $439.9 million in the prior year. The company attributed this growth to strong performance in its investment banking segment, particularly in advisory services, which saw record revenues of $2.02 billion, a 33.6% increase year-over-year.
Operationally, Jefferies has made strategic moves, including the acceptance of a binding offer to sell its subsidiary Tessellis S.p.A., which is expected to close in the first quarter of 2027. The company also reported a decrease in employee headcount, with 7,065 employees as of August 31, 2026, down from 7,787 at the end of November 2025. This reduction is part of ongoing efforts to streamline operations and improve efficiency.
The company’s total assets increased to $81.30 billion as of August 31, 2026, up 7.0% from $76.01 billion at the end of November 2025. Cash and cash equivalents rose by 20.2% to $16.88 billion, while financial instruments owned decreased slightly to $27.28 billion. Jefferies also reported a significant increase in securities borrowed, which rose by 34.5% to $11.16 billion, indicating a robust demand for financing activities.
Looking ahead, Jefferies remains optimistic about its growth trajectory, supported by a strong investment banking backlog and strategic initiatives aimed at enhancing its market position. The company continues to monitor global market conditions and geopolitical developments, which may impact its operations and financial performance.
About Jefferies Financial Group Inc.
Jefferies Financial Group Inc. is a global full-service investment banking and capital markets firm offering advisory, underwriting, and trading services across equities, fixed income, and asset management. Serving corporations, financial sponsors, and institutional clients worldwide, it leverages its client-focused approach, extensive global footprint, and diverse capabilities to deliver differentiated insights, innovative solutions, and strategic investments in a highly competitive and regulated financial industry.
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