---
schema_version: "secwatch.filing_event.v1"
accession: "0000096223-26-000003"
form_type: "8-K"
ticker: "JEF"
cik: "0000096223"
company_name: "Jefferies Financial Group Inc."
filed_at: "2026-01-07T23:59:59+00:00"
generated_at: "2026-05-16T11:29:14.231244+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Jefferies Q4 net earnings $190.9M ($0.87/share); IB revenues up 20% YoY

## Summary
- Net earnings attributable to common $190.9M ($0.87 diluted EPS) vs $205.7M ($0.91) a year ago; adjusted EPS $0.96 excludes $30M Point Bonita pre-tax loss.
- Total net revenues $2.07B (+6% YoY); Investment Banking $1.19B (+20%), Equities +18%, Fixed Income -14%.
- Asset Management revenues fell to $187M from $315M due to underperformance including $30M write-down on Point Bonita.
- Quarterly dividend declared $0.40/share, payable Feb 27, 2026 to holders of record Feb 17, 2026.
- Book value per share $51.26; adjusted tangible book value $33.69; return on tangible equity 11.8% (adjusted 12.9%).

## SEC filing metadata
- accession: 0000096223-26-000003
- form_type: 8-K
- ticker: JEF
- cik: 0000096223
- company_name: Jefferies Financial Group Inc.
- filed_at: 2026-01-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/96223/000009622326000003/0000096223-26-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/96223/000009622326000003/jef-20260107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000096223-26-000003
- JSON: https://secwatch.observer/filing/0000096223-26-000003.json
- Plain text: https://secwatch.observer/filing/0000096223-26-000003.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.