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

Jefferies Financial has reported Operating Margin for 18 years, with the latest figure at 36.1% in Q1 2026.

• For the quarter ending Q1 2026, Operating Margin rose 2922.0% year-over-year to 36.1%; the trailing twelve-month figure through Feb 2026 stood at 26.02% (down 279.0% YoY), and the FY2025 full-year result was 9.26%, down 210.0% from the prior year.
• Operating Margin for Q1 2026 stood at 36.1%, up from 8.76% in the prior quarter.
• The five-year high for Operating Margin was 48.84% in Q4 2022, with the low at 5.34% in Q4 2023.
• Historically, Operating Margin has averaged 23.73% across 5 years, with a median of 18.45% in 2022.
• Annual changes were most pronounced in 2022 — Operating Margin soared 8370 bps — and 2023, when it tumbled 4350 bps.
• Jefferies Financial's Operating Margin stood at 48.84% in 2022, then sank by 89 bps to 5.34% in 2023, then surged by 99 bps to 10.64% in 2024, then dropped by 18 bps to 8.76% in 2025, then jumped by 312 bps to 36.1% in 2026.
• The last three Operating Margin figures came in at 36.1% (Q1 2026), 8.76% (Q4 2025), and 39.81% (Q3 2025), per Business Quant data.