Jefferies Financial (JEF) Net Margin (2009 - 2026)
Jefferies Financial (JEF) recorded Net Margin of 8.79% in fiscal Q3 2026 (quarter ended Aug 31, 2026), up 1.08 percentage points from 7.70% a year earlier and up 1.53 percentage points from the prior quarter.
Jefferies Financial (JEF) Net Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Jefferies Financial's Net Margin came in at 7.04% as of Aug 31, 2026, up 1.01 percentage points year-over-year; for FY2025 (ended Nov 30, 2025), it was 5.83%, down 0.54 percentage points from FY2024.
- Annual Net Margin has a five-year change of -5.36 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Net Margin came in at 6.36% in FY2024 (+2.83 pp), 3.54% in FY2023 (-7.34 pp), 10.87% in FY2022 (-7.77 pp) and 18.64% in FY2021 (+7.45 pp).
- The fiscal Q3 2026 figure is the highest quarterly Net Margin since fiscal Q3 2022.
- On a year-over-year basis, Net Margin has increased for three consecutive quarters, with an average year-over-year change of +0.81 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 5.04 percentage points in fiscal Q2 2024, against a drop of 9.61 percentage points in fiscal Q1 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 7.26% (Q2 2026), 5.42% (Q1 2026) and 6.47% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.34 Bn | 97.67 Bn | - | 59.68% |
| 2 | Bank of New York Mellon | 103.32 Bn | 36.94 Bn | - | 28.31% |
| 3 | Intercontinental Exchange | 97.84 Bn | 90.74 Bn | - | 25.90% |
| 4 | Robinhood Markets | 73.91 Bn | 53.45 Bn | - | 32.87% |
| 5 | Nasdaq | 60.30 Bn | 57.74 Bn | 1.48 Bn | 22.57% |
| 6 | State Street | 47.09 Bn | 47.09 Bn | - | 25.72% |
| 7 | Cboe Global Markets | 37.14 Bn | 27.62 Bn | 712.20 Mn | 31.40% |
| 8 | Interactive Brokers | 35.28 Bn | 11.58 Bn | - | 16.41% |
| 9 | Northern Trust | 32.35 Bn | 32.35 Bn | - | 45.64% |
| 10 | Jefferies Financial | 9.61 Bn | -47.59 Bn | 3.21 Bn | 8.79% |
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 8.79% |
| May 31, 2026 | 7.26% |
| Feb 28, 2026 | 5.42% |
| Nov 30, 2025 | 6.47% |
| Aug 31, 2025 | 7.70% |
| May 31, 2025 | 3.53% |
| Feb 28, 2025 | 5.17% |
| Nov 30, 2024 | 7.24% |
| Aug 31, 2024 | 6.44% |
| May 31, 2024 | 5.79% |
| Feb 29, 2024 | 5.86% |
| Nov 30, 2023 | 3.33% |
| Aug 31, 2023 | 2.52% |
| May 31, 2023 | 0.75% |
| Feb 28, 2023 | 7.50% |
| Nov 30, 2022 | 7.76% |
| Aug 31, 2022 | 10.67% |
| May 31, 2022 | 7.14% |
| Feb 28, 2022 | 17.12% |
| Nov 30, 2021 | 16.79% |
Jefferies Financial Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=JEF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "JEF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=JEF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();