Jefferies Financial (JEF) Gross Margin (2009 - 2026)

Jefferies Financial has reported Gross Margin for 18 years, with the latest figure at 98.96% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin rose 157.0% year-over-year to 98.96%; the trailing twelve-month figure through Feb 2026 stood at 98.11% (up 57.0% YoY), and the FY2025 full-year result was 97.4%, up 33.0% from the prior year.
• Gross Margin for Q1 2026 stood at 98.96%, up from 96.52% in the prior quarter.
• The five-year high for Gross Margin was 99.88% in Q1 2023, with the low at 91.83% in Q2 2022.
• Historically, Gross Margin has averaged 97.22% across 5 years, with a median of 98.01% in 2024.
• Annual changes were most pronounced in 2023 — Gross Margin soared 803 bps — and 2024, when it sank 300 bps.
• Jefferies Financial's Gross Margin stood at 96.5% in 2022, then grew by 2 bps to 98.05% in 2023, then dropped by 3 bps to 95.06% in 2024, then increased by 2 bps to 96.52% in 2025, then grew by 3 bps to 98.96% in 2026.
• The last three Gross Margin figures came in at 98.96% (Q1 2026), 96.52% (Q4 2025), and 98.82% (Q3 2025), per Business Quant data.