Jefferies Financial (JEF) Tax Rate (2010 - 2026)
Jefferies Financial (JEF) reported Tax Rate of 17.89% for fiscal Q3 2026 (quarter ended Aug 31, 2026), down 9.03 percentage points from 26.92% a year earlier and down 2.90 percentage points from the prior quarter.
Jefferies Financial (JEF) Tax Rate (2010 - 2026) Analysis & Trends
Over the twelve months ended Aug 31, 2026, Jefferies Financial's Tax Rate came in at 19.33%, down 5.93 percentage points year-over-year; for FY2025 (ended Nov 30, 2025), it came in at 21.19%, down 7.97 percentage points from FY2024.
- Tax Rate has a five-year change of -6.80 percentage points (FY2020 to FY2025).
- By fiscal year, Tax Rate came in at 29.16% in FY2024 (+3.22 pp), 25.93% in FY2023 (-0.01 pp), 25.94% in FY2022 (+0.36 pp) and 25.59% in FY2021 (-2.40 pp).
- Five-year quarterly Tax Rate spans a low of 9.41% in fiscal Q1 2025 and a high of 51.54% in fiscal Q2 2023.
- Year over year, Tax Rate gained in three of the last eight quarters, with an average year-over-year change of -3.65 percentage points.
- The high point for year-over-year Tax Rate in five years was fiscal Q2 2023 (a gain of 21.69 percentage points); the low point was fiscal Q2 2024 (a drop of 19.44 percentage points).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 20.79% (Q2 2026), 24.93% (Q1 2026) and 14.82% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.27 Bn | 97.61 Bn | - | 23.46% |
| 2 | Bank of New York Mellon | 98.55 Bn | 37.92 Bn | - | 20.95% |
| 3 | Intercontinental Exchange | 91.26 Bn | 85.07 Bn | - | 24.24% |
| 4 | Robinhood Markets | 85.47 Bn | 66.56 Bn | - | 19.18% |
| 5 | Nasdaq | 57.27 Bn | 54.71 Bn | 1.48 Bn | 23.11% |
| 6 | State Street | 46.11 Bn | 46.11 Bn | - | 21.96% |
| 7 | Interactive Brokers | 36.17 Bn | 29.63 Bn | - | 8.10% |
| 8 | Cboe Global Markets | 35.59 Bn | 27.25 Bn | 731.60 Mn | 28.62% |
| 9 | Northern Trust | 30.73 Bn | 30.73 Bn | - | 25.59% |
| 10 | Jefferies Financial | 10.29 Bn | -46.88 Bn | 3.21 Bn | 17.89% |
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 17.89% |
| May 31, 2026 | 20.79% |
| Feb 28, 2026 | 24.93% |
| Nov 30, 2025 | 14.82% |
| Aug 31, 2025 | 26.92% |
| May 31, 2025 | 32.25% |
| Feb 28, 2025 | 9.41% |
| Nov 30, 2024 | 28.24% |
| Aug 31, 2024 | 30.87% |
| May 31, 2024 | 32.10% |
| Feb 29, 2024 | 25.43% |
| Nov 30, 2023 | 19.22% |
| Aug 31, 2023 | 40.76% |
| May 31, 2023 | 51.54% |
| Feb 28, 2023 | 18.16% |
| Nov 30, 2022 | 27.66% |
| Aug 31, 2022 | 35.08% |
| May 31, 2022 | 29.84% |
| Feb 28, 2022 | 16.41% |
| Nov 30, 2021 | 25.23% |
Jefferies Financial Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=JEF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "JEF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=JEF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();