Jefferies Financial (JEF) Cost of Revenue (2009 - 2026)

Jefferies Financial has reported Cost of Revenue for 18 years, with the latest figure at $29.9 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue fell 28.02% year-over-year to $29.9 million; the trailing twelve-month figure through Feb 2026 stood at $179.3 million (down 15.9% YoY), and the FY2025 full-year result was $190.9 million, down 7.44% from the prior year.
• Cost of Revenue for Q1 2026 stood at $29.9 million, down from $72.0 million in the prior quarter.
• The five-year high for Cost of Revenue was $130.4 million in Q2 2022, with the low at $1.6 million in Q3 2023.
• Historically, Cost of Revenue has averaged $52.8 million across 5 years, with a median of $37.5 million in 2024.
• Annual changes were most pronounced in 2023 — Cost of Revenue slumped 98.69% — and 2024, when it surged 2211.5%.
• Jefferies Financial's Cost of Revenue stood at $91.3 million in 2022, then slumped by 74.49% to $23.3 million in 2023, then soared by 315.47% to $96.8 million in 2024, then dropped by 25.61% to $72.0 million in 2025, then tumbled by 58.43% to $29.9 million in 2026.
• The last three Cost of Revenue figures came in at $29.9 million (Q1 2026), $72.0 million (Q4 2025), and $34.4 million (Q3 2025), per Business Quant data.