Jefferies Financial (JEF) Operating Expenses (2009 - 2026)

Jefferies Financial (JEF) has reported Operating Expenses for 18 consecutive years, with $1.9 billion the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Expenses rose 26.1% year-over-year to $1.9 billion; the trailing twelve-month figure through May 2026 stood at $7.2 billion (up 19.97% YoY), and the FY2025 full-year result was $6.5 billion, up 7.36% from the prior year.
• Operating Expenses climbed to $1.9 billion in Q2 2026 per JEF's latest filing, from $1.8 billion in the prior quarter.
• Across five years, Operating Expenses topped out at $1.9 billion in Q2 2026 and bottomed at $1.0 billion in Q2 2023.
• Historically, Operating Expenses has averaged $1.4 billion across 5 years, with a median of $1.4 billion in 2024.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses fell 22.38% in 2022, then soared 48.81% in 2024.
• Over 5 years, Operating Expenses stood at $1.2 billion in 2022, then retreated by 10.72% to $1.1 billion in 2023, then jumped by 48.81% to $1.7 billion in 2024, then gained by 9.92% to $1.8 billion in 2025, then increased by 4.14% to $1.9 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $1.9 billion, $1.8 billion, and $1.8 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.