Jefferies Financial (JEF) Cost of Revenue (2009 - 2026)
Jefferies Financial's (JEF) quarterly Cost of Revenue came in at $31.3 million in Q2 2026, down 27.25% on a YoY basis from $43.0 million in Q2 2025, and up 4.46% quarter-over-quarter from $29.9 million in Q1 2026.
Analysis
Jefferies Financial (JEF) Cost of Revenue (2009 - 2026) Analysis & Trends
Jefferies Financial (JEF) has reported Cost of Revenue for 18 consecutive years, with $31.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue fell 27.25% year-over-year to $31.3 million; the trailing twelve-month figure through May 2026 stood at $167.6 million (down 23.37% YoY), and the FY2025 full-year result was $190.9 million, down 7.44% from the prior year.
- Cost of Revenue grew to $31.3 million in Q2 2026 per JEF's latest filing, from $29.9 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $130.4 million in Q2 2022 and bottomed at $1.6 million in Q3 2023.
- Historically, Cost of Revenue has averaged $51.6 million across 5 years, with a median of $37.4 million in 2024.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue tumbled 98.69% in 2023, then soared 2211.5% in 2024.
- Over 5 years, Cost of Revenue stood at $91.3 million in 2022, then plunged by 74.49% to $23.3 million in 2023, then surged by 315.47% to $96.8 million in 2024, then fell by 25.61% to $72.0 million in 2025, then slumped by 56.58% to $31.3 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $31.3 million, $29.9 million, and $72.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Evercore | 10.86 Bn | 8.78 Bn | 975.67 Mn | 22.83 Mn |
| 2 | Jefferies Financial | 10.57 Bn | -4.84 Bn | 3.09 Bn | 31.25 Mn |
| 3 | Houlihan Lokey | 9.50 Bn | 8.42 Bn | - | - |
| 4 | Cluster Group Holdings | 8.00 Bn | 8.00 Bn | - | - |
| 5 | PJT Partners | 6.20 Bn | 6.25 Bn | 481.98 Mn | 4.31 Mn |
| 6 | Moelis | 5.63 Bn | 5.55 Bn | - | - |
| 7 | Piper Sandler Companies | 5.16 Bn | 5.05 Bn | - | - |
| 8 | Lazard | 4.55 Bn | 3.56 Bn | - | - |
| 9 | BRBI BR Partners | 3.52 Bn | 3.41 Bn | 16.77 Mn | 205,480.60 |
| 10 | Perella Weinberg Partners | 1.60 Bn | 1.79 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 31.25 Mn |
| Feb 28, 2026 | 29.92 Mn |
| Nov 30, 2025 | 71.98 Mn |
| Aug 31, 2025 | 34.43 Mn |
| May 31, 2025 | 42.96 Mn |
| Feb 28, 2025 | 41.57 Mn |
| Nov 30, 2024 | 96.75 Mn |
| Aug 31, 2024 | 37.40 Mn |
| May 31, 2024 | 37.46 Mn |
| Feb 29, 2024 | 34.67 Mn |
| Nov 30, 2023 | 23.29 Mn |
| Aug 31, 2023 | 1.62 Mn |
| May 31, 2023 | 2.36 Mn |
| Feb 28, 2023 | 2.17 Mn |
| Nov 30, 2022 | 91.28 Mn |
| Aug 31, 2022 | 123.44 Mn |
| May 31, 2022 | 130.45 Mn |
| Feb 28, 2022 | 95.67 Mn |
| Nov 30, 2021 | 79.95 Mn |
| Aug 31, 2021 | 151.51 Mn |