NYSE$JEF

Jefferies Financial Group Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Jefferies reported Q3 2025.

For Q3 2025, Jefferies reported . The filing highlights segment trends, liquidity, and management commentary on the period.

  • Jefferies discusses capital allocation and near-term priorities.
  • Jefferies discusses capital allocation and near-term priorities.
  • Jefferies discusses capital allocation and near-term priorities.

Headline financials

Total Revenue

$2.91B

Previous: $2.6B+12.0%
EPS (adj)

$1.01

Previous: $0.75+34.7%
Book Value per Share

$50.60

Previous: $48.89+3.5%
Adj. Tangible BV per Share

$33.38

Previous: $31.87+4.7%
ROATE (Annualized)

13.6%

Previous: 10.3%+32.0%
Capital Expenditures

-$151M

Previous: -$181M+16.2%
Free Cash Flow

$91.1M

Previous: $385K+23556.9%
Net Income

$243M

Previous: $181M+34.0%
Operating Income

$1.32B

Previous: $997M+32.2%
Gross Profit

$2.87B

Previous: $2.56B+12.3%
Cash & Equivalents

$11.5B

Previous: $10.6B+8.4%
Total Assets

$69.3B

Previous: $63.3B+9.6%

Revenue & EPS history

Jefferies · Revenue · Quarterly

$2.91B

Q3 2025+12%vs Q3 2024
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Jefferies · $1.12B total across 4 segments · Q3 2023

  • Total Capital Markets
    $524M+15.8%
  • Advisory
    $335M-31.1%
  • Equity Underwriting
    $154M+2.1%
  • Debt Underwriting
    $111M+43.9%

Forward guidance

Management discusses operating priorities, capital allocation, and sector-specific risks in the quarterly filing.

Tailwinds

  • Headline results and segment commentary anchor the quarter.
  • Balance sheet and liquidity support ongoing operations.
  • Strategic initiatives cited in MD&A.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.
  • Execution risk on guidance or restructuring plans.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+0.2%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+2.5%

Avg return

30 days after

53%

38 / 72 earnings

Positive

+10.1%

Q2 2019

Best reaction

-10.3%

Q3 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026+2.0%+4.7%
Q4 2025-5.5%-3.9%-8.9%
Q3 2025-1.7%-6.3%-20.4%
Q2 2025+0.3%+1.7%+9.9%
Q1 2025-9.9%-11.2%-22.4%
Q3 2024-2.1%-1.5%+2.5%
Q2 2024+6.3%+8.5%+23.7%
Q1 2024-2.5%-3.7%-3.7%
Q4 2023-0.7%-0.7%-0.2%
Q3 2023+1.8%-1.2%-12.6%
Q2 2023+4.9%+5.2%+17.2%
Q1 2023+3.3%+5.3%+7.5%
Q4 2022+4.6%+8.1%+10.1%
Q3 2022+0.1%+5.5%+18.1%
Q2 2022+1.5%+0.4%+14.4%
Q1 2022+3.1%+2.9%-2.2%
Q4 2021-8.1%-9.2%-9.3%
Q3 2021+0.5%+1.6%+14.0%
Q2 2021+6.2%+4.6%+2.2%
Q1 2021-4.1%-8.0%-1.2%
Q4 2020+1.3%+7.3%+0.1%
Q3 2020+4.8%+6.2%+17.0%
Q2 2020+7.4%+7.6%+16.0%
Q1 2020+4.8%-0.1%-11.0%
Q4 2019+3.8%+3.4%+9.3%
Q3 2019-3.6%-1.4%+2.6%
Q2 2019+10.1%+10.4%+3.6%
Q1 2019+0.5%+3.6%+9.2%
Q4 2018+3.1%+5.2%+7.2%
Q3 2018+1.5%+4.8%+3.6%
Q2 2018+8.4%+6.2%+2.7%
Q1 2018-1.7%-1.6%-5.0%
Q4 2017-0.0%-1.7%-12.5%
Q3 2017+1.3%-0.6%+0.9%
Q2 2017-2.9%-2.9%-9.7%
Q1 2017-2.9%-1.8%-5.9%
Q4 2016+3.6%-2.1%-1.8%
Q3 2016-2.6%+0.4%+21.4%
Q2 2016+4.8%+5.7%+6.9%
Q1 2016+0.7%
Q4 2015+0.4%
Q3 2015-2.5%
Q2 2015-1.9%
Q1 2015+2.1%
Q4 2014-0.3%
Q3 2014+1.5%
Q2 2014-1.2%
Q1 2014-1.0%
Q4 2013-2.1%
Q3 2013-0.7%
Q2 2013-1.0%
Q1 2013-1.6%
Q4 2012-3.2%
Q3 2012-4.4%
Q2 2012-3.1%
Q1 2012-2.3%
Q4 2011+0.5%
Q3 2011-10.3%
Q2 2011-6.5%
Q1 2011+1.8%
Q4 2010+3.1%
Q3 2010+0.9%
Q2 2010-2.3%
Q1 2009-4.8%
Q1 2010+1.3%
Q4 2007+4.5%
Q4 2009+4.5%
Q3 2008+0.9%
Q3 2009+0.9%
Q2 2008-0.2%
Q4 2008-0.2%
Q2 2009-0.2%

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