Jefferies Financial (JEF) Research & Development (2022 - 2026)

Jefferies Financial has reported Research & Development for 5 years, with the latest figure at $75.4 million in Q1 2026.

• For the quarter ending Q1 2026, Research & Development fell 45.92% year-over-year to $75.4 million; the trailing twelve-month figure through Feb 2026 stood at $271.6 million (up 24.14% YoY), and the FY2025 full-year result was $335.7 million, up 18.42% from the prior year.
• Research & Development for Q1 2026 stood at $75.4 million, up from -$107.2 million in the prior quarter.
• The five-year high for Research & Development was $157.2 million in Q3 2025, with the low at -$126.2 million in Q4 2024.
• Historically, Research & Development has averaged $78.3 million across 5 years, with a median of $113.4 million in 2023.
• Annual changes were most pronounced in 2023 — Research & Development soared 237.48% — and 2024, when it plunged 203.37%.
• Jefferies Financial's Research & Development stood at $113.7 million in 2022, then increased by 7.45% to $122.1 million in 2023, then sank by 203.37% to -$126.2 million in 2024, then grew by 15.12% to -$107.2 million in 2025, then surged by 170.38% to $75.4 million in 2026.
• The last three Research & Development figures came in at $75.4 million (Q1 2026), -$107.2 million (Q4 2025), and $157.2 million (Q3 2025), per Business Quant data.