JEFNYSESecurity Brokers, Dealers & Flotation CompaniesUS GAAP · USD

Jefferies Financial Group Inc.

Jefferies Financial Group Inc. is a U.S.-headquartered global investment banking and capital markets firm with two reportable segments: Investment Banking and Capital Markets, and Asset Management. It advises companies and sponsors, underwrites equity and debt, trades equities and fixed income for institutional clients, and manages alternative investment strategies through directly owned and affiliated managers.

Kysy yhtiöstä
Liikevaihto10,8mrd USD
+2,9 %v/v
Nettotulos682milj. USD
−4,7 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

0,02,55,07,510,012,5mrd USD2020: 7,0 mrd USD20202021: 9,0 mrd USD20212022: 7,1 mrd USD20222023: 7,4 mrd USD20232024: 10,5 mrd USD20242025: 10,8 mrd USD202510,8
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Investment Banking35 %

Advisory, equity underwriting, debt underwriting and related capital raising services.

Equities30 %

Cash equities, electronic trading, derivatives, convertibles, prime services and research.

Fixed Income20 %

Trading and client solutions across rates, credit, structured products and financing.

Asset Management15 %

Alternative investment management and seeding of affiliated strategies, plus proprietary investments.

Tuotteet

Raportoitu · osuus liikevaihdosta
38,5%23,4%23,2%FY2025100 %
  • Investment Banking Advisory38,5 %
  • Commissions and Other Fees23,4 %
  • Equities23,2 %
  • Other Investments17,0 %
  • Internet Connection and Boadband Revenue4,1 %
  • Muut3,7 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Jefferies primarily serves public companies, private companies, financial sponsors, institutional investors and government entities. Its trading and prime services businesses also serve hedge funds, money managers, registered investment advisors, pension plans and insurance companies that need execution, financing, research and market access.

Corporate issuers

Public and private companies buy advisory, underwriting and financing for M&A, growth and refinancing.

Institutional investors

Mutual funds, hedge funds, pension plans and insurers buy execution, research and trading liquidity.

Financial sponsors

Private equity and sponsor-backed borrowers use leveraged finance, syndication and capital markets execution.

Asset managers

Hedge funds and money managers use prime brokerage, outsourced trading and financing services.

Government and municipal issuers

Public-sector borrowers access debt underwriting and structured finance solutions.

Strategia

Jefferies is focused on deepening its investment banking franchise, improving execution in equities and fixed income, and expanding credit and alternative asset management. Management also emphasizes balance-sheet discipline, modest leverage, and returning excess liquidity to shareholders while continuing to simplify legacy investments.

Expand investment banking and capital markets shareKeskipitkä aikaväli

Higher client penetration in advisory and underwriting supports franchise breadth and fee generation.

Grow credit and alternative asset managementKeskipitkä aikaväli

These platforms diversify revenue away from pure transaction activity and deepen client relationships.

Preserve balance-sheet flexibility and liquidityLyhyt aikaväli

A liquid balance sheet supports trading, financing and regulatory capital needs in volatile markets.

Return capital while simplifying legacy assetsLyhyt aikaväli

Shareholder returns and portfolio cleanup improve capital efficiency and reduce complexity.

Maantiede

Q1/2026

Jefferies operates globally from headquarters in New York, with regional headquarters in London and Hong Kong. Its investment banking and trading businesses cover the Americas, Europe and the Middle East, and Asia-Pacific, while client activity is concentrated in major financial centers and cross-border capital markets.

Americas92 %
Asia Pacific8,3 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Jefferies is exposed to market, credit and liquidity risk because a large part of its business depends on trading, underwriting, financing and principal positions. It also faces regulatory capital constraints, valuation risk in goodwill and investments, and earnings sensitivity to capital markets activity, client risk appetite and funding conditions.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Market risk on trading and principal positions1Credit and counterparty risk2Liquidity and funding risk3
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Market risk on trading and principal positionsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Equities, fixed income, derivatives and loans are marked to market or exposed to price changes.

    KohdistuuTrading inventoryDerivativesLoansSecurities positions
  2. Credit and counterparty riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Client financing, settlement and derivative exposures can become uncollectible if counterparties default.

    KohdistuuPrime brokerageMargin lendingSecured financingDerivatives
  3. Liquidity and funding riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The firm relies on market access and short- and long-term funding to support its balance sheet.

    KohdistuuBroker-dealer fundingInventory financingCapital markets volatility
  4. Regulatory capital constraintsVaikutus: Keskitaso

    Broker-dealer and UK prudential requirements can limit capital withdrawals and business flexibility.

    KohdistuuJefferies LLCJFSIJefferies International Limited
  5. Goodwill and investment impairmentVaikutus: Keskitaso

    Valuations depend on future profitability, trading volumes and capital markets activity.

    KohdistuuInvestment bankingEquitiesFixed incomeAsset managementOther investments

Kirjanpito

Harkinnanvaraiset erät
Fair value measurement of trading assets and derivatives

Principal trading and derivative positions are sensitive to market inputs and can swing earnings.

Vaikutus: Impacts revenue volatility and balance sheet carrying values

Goodwill impairment testing

Goodwill is material and depends on forecasts of future profitability and market multiples.

Vaikutus: Could create large non-cash charges if reporting unit values decline

Equity method investment impairment

Management must judge whether declines in investee value are other-than-temporary.

Vaikutus: Can affect other income and reduce carrying value

Net interest allocation across segments

Allocated interest income and expense changes segment profitability presentation.

Vaikutus: Affects comparability of Investment Banking, Equities and Fixed Income results

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Päivitetty: 24.9.2026

Jefferies Financial Group Inc. (JEF) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo