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

Jefferies Financial (JEF) has 18 years of Operating Expenses data on file, last reported at $1.9 billion in Q2 2026.

• Quarterly Operating Expenses rose 26.1% year-over-year to $1.9 billion in Q2 2026, while the trailing twelve-month figure through May 2026 was $7.2 billion (up 19.97% YoY) and the FY2025 annual result came in at $6.5 billion, up 7.36% from the prior year.
• Operating Expenses rose to $1.9 billion in Q2 2026, from $1.8 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $1.9 billion in Q2 2026 to a low of $1.0 billion in Q2 2023.
• A 5-year average of $1.4 billion and a median of $1.4 billion in 2024 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses declined 22.38% — and 2024, when it surged 48.81%.
• Tracing JEF's Operating Expenses over 5 years: 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 climbed by 4.14% to $1.9 billion in 2026.
• The last three Operating Expenses figures came in at $1.9 billion (Q2 2026), $1.8 billion (Q1 2026), and $1.8 billion (Q4 2025), per Business Quant data.