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Jefferies Financial Group (JEF) operating margin by quarter

Jefferies Financial Group's operating margin was 10.9% in Q3 FY26 (third quarter fiscal 2026), +0.7 pts from Q2 FY26. Over the last 5 quarters it ranged from 7.4% (Q1 FY26) to 11.4% (Q3 FY25).

Jefferies Financial Group operating margin by quarterJefferies Financial Group operating margin by quarter11.4%Q3 FY258.4%Q4 FY257.4%Q1 FY2610.1%Q2 FY2610.9%Q3 FY26
QuarterOperating marginQ/QY/Y
Q3 FY2610.9%+0.7 pts-0.5 pts
Q2 FY2610.1%+2.7 pts—
Q1 FY267.4%-1.0 pts—
Q4 FY258.4%-3.0 pts—
Q3 FY2511.4%——

Q3 FY26 at a glance

Jefferies Financial Group, Q3 FY26: revenue $3.2B (+11% year over year), operating margin 10.9%, net earnings $288M, operating cash flow $2.6B. The chart follows the revenue to costs, profit and cash.

Questions

What is Jefferies Financial Group's operating margin?

Jefferies Financial Group's operating margin was 10.9% in Q3 FY26 (third quarter fiscal 2026), +0.7 pts from Q2 FY26.

How has Jefferies Financial Group's operating margin changed?

Over the last 5 quarters it ranged from 7.4% (Q1 FY26) to 11.4% (Q3 FY25).

Q3 FY26 results → · How Jefferies Financial Group makes money →