Interest was the largest of Jefferies Financial Group Inc.’s 6 reported lines in fiscal 2025, at $6.86B — 48% of $14.16B.
| Product and Service | FY 2017 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Investment Banking | $5.62B | $4.34B | $6.61B | $45.12M | ||||
| Interest | — | — | — | $6.86B | ||||
| Interest Income | — | — | — | — | ||||
| Investment Banking - Advisory | — | $2.40B | $3.62B | — | ||||
| Principal Transactions | — | — | — | $3.22B | ||||
| Investment Banking - Underwriting | $2.06B | $1.94B | — | — | ||||
| Equities | $1.82B | — | $2.15B | — | ||||
| Commissions & Other Fees | $1.85B | — | — | $2.65B | ||||
| Merchant Banking | — | — | — | — | ||||
| Other | — | — | — | — | ||||
| Other Investments | — | $249.59M | $842.27M | — | ||||
| Other Investments 1 | $1.97B | — | — | — | ||||
| Manufacturing Revenues | — | — | — | — | ||||
| Other, Pre-Reclass | — | — | — | — | ||||
| Internet Connection & Broadband Revenues | — | — | $481.75M | — | ||||
| Oil & Gas Revenues | $604.27M | — | — | — | ||||
| Other Contracts With Customers | $95.91M | $158.97M | $118.78M | $1.12B | ||||
| Real Estate Revenues | $446.65M | $89.65M | $238.10M | — | ||||
| Revenue From Contract With Customer, Miscellaneous | — | — | — | — | ||||
| Asset Management Fees | $47.05M | $67.73M | $101.40M | $261.35M | ||||
| Asset Management | $47.05M | $67.73M | $101.40M | — | ||||
| Asset Management Services | — | — | — | — | ||||
| Fixed Income | $30.48M | $21.15M | $17.72M | — | ||||
| Total | $14.59B | $9.33B | $14.28B | $14.16B |
In fiscal 2025, which ended November 30, 2025, the 6 revenue lines Jefferies Financial Group Inc. reported in this breakdown added up to $14.16B. That is less than the $21.27B in its breakdown by region, so these revenue lines do not account for all of its revenue that year. Interest was the largest revenue line, at $6.86B or 48.5% of the total, followed by Principal Transactions ($3.22B, 22.8%) and Commissions & Other Fees ($2.65B, 18.7%). Together, the two largest revenue lines made up 71.2% of this total.
Interest was first reported as a separate revenue line in fiscal 2025. The table also keeps 17 revenue lines that Jefferies Financial Group Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 17 discontinued" beneath the table to see them. This breakdown covers 8 fiscal years between 2017 and 2025, as reported in Jefferies Financial Group Inc.'s annual filings.
Investment Banking & Capital Markets was the largest of Jefferies Financial Group Inc.’s 2 reported lines in fiscal 2025, at $10.18B — 92% of $11.09B.
| Segment | FY 2011 | FY 2012 | FY 2013 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| National Beef | — | — | — | — | |||||||
| Investment Banking & Capital Markets | $3.56B | $4.70B | $3.62B | $10.18B | |||||||
| Merchant Banking | — | — | — | — | |||||||
| Asset Management | $2.02B | $317.33M | $943.67M | $916.44M | |||||||
| Other Operations | — | — | — | — | |||||||
| Corporate | — | — | — | — | |||||||
| Corporate & Other | — | — | — | — | |||||||
| Total | $5.58B | $5.02B | $4.57B | $11.09B |
In fiscal 2025, which ended November 30, 2025, the 2 segments Jefferies Financial Group Inc. reported in this breakdown added up to $11.09B. That is less than the $21.27B in its breakdown by region, so these segments do not account for all of its revenue that year. Investment Banking & Capital Markets was the largest segment, at $10.18B or 91.7% of the total, followed by Asset Management ($916.44M, 8.3%).
Compared with fiscal 2024, Investment Banking & Capital Markets grew the fastest, rising 180.9% to $10.18B. Asset Management fell the most, down 2.9% to $916.44M.
The table also keeps 5 segments that Jefferies Financial Group Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 5 discontinued" beneath the table to see them. This breakdown covers 11 fiscal years between 2011 and 2025, as reported in Jefferies Financial Group Inc.'s annual filings.
Americas was the largest of Jefferies Financial Group Inc.’s 3 reported lines in fiscal 2025, at $15.29B — 72% of $21.27B.
| Geography | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Americas | $13.65B | $7.25B | $13.23B | $15.29B | ||||
| Europe & The Middle East | $5.19M | $1.55B | $490.60M | $4.32B | ||||
| Europe | — | — | — | — | ||||
| Asia-Pacific | $502.96M | $597.80M | $6.96M | $1.66B | ||||
| Asia | — | — | — | — | ||||
| Asia Pacific | — | — | — | — | ||||
| Total | $14.16B | $9.40B | $13.73B | $21.27B |
In fiscal 2025, which ended November 30, 2025, the 3 regions Jefferies Financial Group Inc. reported in this breakdown added up to $21.27B. That was up 54.9% from $13.73B in fiscal 2024. Americas was the largest region, at $15.29B or 71.9% of the total, followed by Europe & The Middle East ($4.32B, 20.3%) and Asia-Pacific ($1.66B, 7.8%). Together, the two largest regions made up 92.2% of this total.
Compared with fiscal 2024, Asia-Pacific grew the fastest, rising 23,738.4% to $1.66B. Every sizeable region reported in both years grew. Over fiscal 2022 to 2025, revenue across these regions went from $14.16B to $21.27B, a compound annual growth rate of 14.5%. Americas' share of the total fell from 96.4% to 71.9% over the same years.
The table also keeps 3 regions that Jefferies Financial Group Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 3 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2018 to 2025, as reported in Jefferies Financial Group Inc.'s annual filings.
Jefferies Financial Group Inc. (JEF) breaks its revenue down by revenue line, segment and region. In fiscal 2025, its largest revenue line was Interest, with $6.86B or 48.5% of the total, followed by Principal Transactions at $3.22B (22.8%).
Interest was Jefferies Financial Group Inc.'s largest revenue line in fiscal 2025, with $6.86B in revenue, 48.5% of the $14.16B reported across its 6 revenue lines.
Investment Banking & Capital Markets was Jefferies Financial Group Inc.'s largest segment in fiscal 2025, with $10.18B in revenue, 91.7% of the $11.09B reported across its 2 segments.
Americas was Jefferies Financial Group Inc.'s largest region in fiscal 2025, with $15.29B in revenue, 71.9% of the $21.27B reported across its 3 regions.
Of the Jefferies Financial Group Inc. segments reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, Investment Banking & Capital Markets grew the fastest, rising 180.9% from $3.62B to $10.18B.
Every figure is taken from Jefferies Financial Group Inc.'s annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by revenue line covers fiscal 2017 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.