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

Jefferies Financial (JEF) has reported Operating Margin for 18 consecutive years, with 36.1% the latest figure, recorded in Q1 2026.

• Operating Margin for Q1 2026 came in at 36.1%, up 2922.0% year-over-year; the trailing twelve-month figure through Feb 2026 was 26.02% (down 279.0% YoY), and the FY2025 annual result was 9.26%, down 210.0% from the prior year.
• Operating Margin was 36.1% for Q1 2026 at Jefferies Financial, up from 8.76% in the prior quarter.
• Over five years, Operating Margin peaked at 48.84% in Q4 2022 and troughed at 5.34% in Q4 2023.
• Average Operating Margin over 5 years is 23.73%, with a median of 18.45% recorded in 2022.
• Year-over-year, Operating Margin surged 8370 bps in 2022 and sank 4350 bps in 2023.
• Over 5 years, Operating Margin stood at 48.84% in 2022, then plunged by 89 bps to 5.34% in 2023, then surged by 99 bps to 10.64% in 2024, then retreated by 18 bps to 8.76% in 2025, then jumped by 312 bps to 36.1% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 36.1% in Q1 2026, 8.76% in Q4 2025, and 39.81% in Q3 2025.