Filing Flows › Jefferies Financial Group (JEF) › Q3 FY26 › vs Q2 FY26
Jefferies Financial Group (JEF) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Jefferies Financial Group's revenue rose $113M (+4%) from $3.1B in Q2 FY26 to $3.2B in Q3 FY26. Operating margin 10.9% against 10.1% (+0.7 pts).
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 draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Operating margin | 10.9% | 10.1% | +0.7 pts |
| Net margin | 8.9% | 8.0% | +0.9 pts |
| Free cash flow margin | 78.7% | 49.8% | +28.9 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $3.2B | $3.1B | $113M | +4% |
| Operating profit | $351M | $316M | $35.5M | +11% |
| Costs & expenses | $2.9B | $2.8B | $77.1M | +3% |
| Pre-tax earnings | $351M | $316M | $35.5M | +11% |
| Cost of revenue | $22.9M | $31.3M | −$8.3M | -27% |
| Other operating costs | $2.9B | $2.8B | $85.4M | +3% |
| Net earnings | $288M | $250M | $38.3M | +15% |
| Income tax | $62.8M | $65.6M | −$2.8M | -4% |
| Depreciation & amortization | $43.3M | $47.3M | −$4.0M | -9% |
| Share-based compensation | $22.2M | $22.9M | −$755K | -3% |
| Working capital & other | $2.2B | $1.3B | $958M | +75% |
| Operating cash flow | $2.6B | $1.6B | $992M | +62% |
| Free cash flow (OCF − capex) | $2.5B | $1.6B | $991M | +64% |
| Capital expenditures | $49.3M | $48.0M | $1.3M | +3% |
Questions
How much did Jefferies Financial Group's revenue grow quarter over quarter in Q3 FY26?
Jefferies Financial Group's revenue rose $113M (+4%) from $3.1B in Q2 FY26 to $3.2B in Q3 FY26. Operating margin 10.9% against 10.1% (+0.7 pts).