---
schema_version: "secwatch.filing_event.v1"
accession: "0000096223-26-000012"
form_type: "8-K"
ticker: "JEF"
cik: "0000096223"
company_name: "Jefferies Financial Group Inc."
filed_at: "2026-03-25T23:59:59+00:00"
generated_at: "2026-05-15T09:09:12.494245+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Jefferies Q1 net earnings $156M, EPS $0.70; IB & equities hit records

## Summary
- Net earnings attributable to common shareholders $155.7M ($0.70 diluted EPS), up from $0.57 in Q1 2025.
- Investment banking net revenues $1.02B, up 45% YoY; Equities net revenues $558M, up 37% - both first-quarter records.
- Board declared $0.40 quarterly dividend payable May 29; repurchased 3.0M shares for $174M; buyback authorization increased to $250M.
- Non-cash goodwill write-down of $36M after-tax for Tessellis sale; direct First Brands exposure now zero.
- Return on adjusted tangible equity 10.9% vs 8.0% prior year; book value $51.91; adjusted tangible book $34.24.

## SEC filing metadata
- accession: 0000096223-26-000012
- form_type: 8-K
- ticker: JEF
- cik: 0000096223
- company_name: Jefferies Financial Group Inc.
- filed_at: 2026-03-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/96223/000009622326000012/0000096223-26-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/96223/000009622326000012/jef-20260325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000096223-26-000012
- JSON: https://secwatch.observer/filing/0000096223-26-000012.json
- Plain text: https://secwatch.observer/filing/0000096223-26-000012.txt

## Key facts
- Earnings Releases
  Jefferies Financial Group Inc. reported quarter ended February 28, 2026 results: revenue $2,017,130, net income $155,700, EPS $0.70.
  - Period: quarter ended February 28, 2026
  - Revenue: $2,017,130
  - Net income: $155,700
  - EPS: $0.70
  - Result: reported results
  source text: 155,700 $ 127,793 Diluted earnings per common share from continuing operations $ 0.70 $ 0.57 Return on adjusted tangible shareholders' equity 1 10.9 % 8.0 % Total net revenues $ 2,017,130 $ 1,593,019 Investment banking net revenues $ 1,017,293 $ 700,692 Capital markets net revenues $ 778,756 $ 698,284 Asset management net revenues $ 220,262 $ 191,715 Pre-tax
  evidence_url: https://www.sec.gov/Archives/edgar/data/96223/000009622326000012/0000096223-26-000012-index.htm

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