---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-000518"
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: "2026-05-16T11:29:15.747648+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Jefferies FY2025: $7.3B revenue, $2.85 EPS; SMBC to up stake to 20%, $2.5B credit

## Summary
- FY2025 net revenues $7.3B, net earnings $631M; diluted EPS $2.85 from continuing ops; return on adjusted tangible equity 10.1%.
- Investment Banking net revenues $3.8B (+10% YoY); record Q4 IB revenues $1.2B.
- SMBC to increase ownership to up to 20%, provides $2.5B in credit facilities; Japanese equities JV expected Jan 2027.
- Agreed to acquire 50% of Hildene Holding Company (credit manager with >$18B AUM).
- Fixed Income net revenues declined 22% YoY; Equities record net revenues ~$2B.

## SEC filing metadata
- accession: 0001140361-26-000518
- 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: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/96223/000114036126000518/0001140361-26-000518-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/96223/000114036126000518/ef20062476_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-000518
- JSON: https://secwatch.observer/filing/0001140361-26-000518.json
- Plain text: https://secwatch.observer/filing/0001140361-26-000518.txt

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