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

Jefferies Financial has reported Operating Expenses for 18 years, with the latest figure at $1.8 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 25.17% year-over-year to $1.8 billion; the trailing twelve-month figure through Feb 2026 stood at $6.8 billion (up 14.82% YoY), and the FY2025 full-year result was $6.5 billion, up 7.36% from the prior year.
• Operating Expenses for Q1 2026 stood at $1.8 billion, down from $1.8 billion in the prior quarter.
• The five-year high for Operating Expenses was $1.8 billion in Q4 2025, with the low 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.
• Annual changes were most pronounced in 2022 — Operating Expenses declined 22.38% — and 2024, when it surged 48.81%.
• Jefferies Financial's Operating Expenses stood at $1.2 billion in 2022, then declined by 10.72% to $1.1 billion in 2023, then surged by 48.81% to $1.7 billion in 2024, then increased by 9.92% to $1.8 billion in 2025, then slipped by 0.59% to $1.8 billion in 2026.
• The last three Operating Expenses figures came in at $1.8 billion (Q1 2026), $1.8 billion (Q4 2025), and $1.7 billion (Q3 2025), per Business Quant data.