Jefferies reported $2.21 billion in revenue for the quarter ended May 2026, a 35% increase from a year ago, with earnings per share of $1.03 compared to $0.43 in the prior-year period. Revenue fell slightly short of the Zacks Consensus Estimate of $2.22 billion, a surprise of -0.61%, while EPS missed the consensus estimate of $1.09 by 5.51%. Among key business segments, total Investment Banking and Capital Markets net revenues reached $2.01 billion, up 36.4% year-over-year and above the $1.97 billion analyst estimate, while total Asset Management net revenues came in at $187.72 million, a 21.4% increase that exceeded the $150.8 million estimate. Within Investment Banking, advisory revenues surged 47.2% to $674.12 million, and equity underwriting more than tripled to $370.69 million, though debt underwriting fell 22% to $160.19 million. The stock has returned 16.5% over the past month, outperforming the S&P 500's decline of 1.3%.
Jefferies Financial Group IncRevenue up 35% YoY, EPS more than doubled, and key segments beat estimates, indicating strong financial performance.