# Jefferies Financial (JEF) — Earnings

JEF · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/jef/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q3 2026 |
| Period end | Aug 31, 2026 |
| EPS actual | $1.08 |
| EPS estimate | $1.00 |
| EPS surprise | +7.57% |
| Revenue surprise | +1.17% |
| Revenue | $2.2B |
| Revenue estimate | $2.2B |
| Reported | Sep 28, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/96223/000009622326000033/jef-20260831.htm) |

Jefferies reported fiscal Q3 2026 results, for the quarter ended August 31, 2026, on September 28, 2026. Earnings per share were $1.08, ahead of the $1.00 estimate by 7.57%. Revenue was $2.2 billion, in line with the $2.2 billion consensus. Compared with fiscal Q3 2025, EPS rose about 7% from $1.01, and revenue rose from $2.0 billion.

The beat ended a run of three straight misses, from fiscal Q4 2025 through Q2 2026. Over the last 20 quarters, Jefferies beat the EPS estimate 7 times and missed 13 times. Annual EPS has swung: $2.90 in fiscal 2022, $1.10 in 2023, $2.98 in 2024 and $2.83 in 2025. The first three quarters of fiscal 2026 add up to $2.80, about 41% more than the $1.98 of the same period a year earlier. Quarterly revenue has roughly doubled from the low of $1.0 billion in Q2 2023, and Q3 2026 matches the high in the table. The weakest quarter was Q2 2023, at $0.05 per share.

Jefferies reported its fiscal fourth quarter between January 7 and January 12 in each of the past five years. That points to early January 2027 for the next report. It will complete the fiscal 2026 total.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q3 2026 | Sep 28, 2026 | $1.00 | $1.08 | 7.57% | $2.2B | $2.2B |
| Q2 2026 | Jun 24, 2026 | $1.16 | $1.02 | -11.85% | $2.3B | $2.2B |
| Q1 2026 | Mar 25, 2026 | $0.89 | $0.70 | -21.69% | $2.0B | $2.0B |
| Q4 2025 | Jan 7, 2026 | $0.94 | $0.85 | -9.97% | $2.0B | $2.1B |
| Q3 2025 | Sep 29, 2025 | $0.80 | $1.01 | 26.25% | $1.9B | $2.0B |
| Q2 2025 | Jun 25, 2025 | $0.44 | $0.40 | -9.09% | $1.6B | $1.6B |
| Q1 2025 | Mar 26, 2025 | $0.94 | $0.57 | -39.28% | $1.9B | $1.6B |
| Q4 2024 | Jan 8, 2025 | $0.97 | $0.93 | -4.24% | $1.8B | $2.0B |
| Q3 2024 | Sep 25, 2024 | $0.78 | $0.75 | -3.23% | $1.7B | $1.7B |
| Q2 2024 | Jun 26, 2024 | $0.63 | $0.64 | 1.06% | $1.6B | $1.7B |
| Q1 2024 | Mar 27, 2024 | $0.75 | $0.66 | -12.00% | $1.5B | $1.7B |
| Q4 2023 | Jan 8, 2024 | $0.26 | $0.29 | 12.97% | $1.2B | $1.2B |
| Q3 2023 | Sep 27, 2023 | $0.33 | $0.22 | -33.33% | $1.3B | $1.2B |
| Q2 2023 | Jun 27, 2023 | $0.27 | $0.05 | -81.65% | $1.0B | $1.0B |
| Q1 2023 | Mar 28, 2023 | $0.43 | $0.54 | 24.86% | $1.1B | $1.3B |
| Q4 2022 | Jan 9, 2023 | $0.55 | $0.54 | -0.42% | $1.2B | $1.4B |
| Q3 2022 | Sep 28, 2022 | $0.62 | $0.75 | 20.00% | $1.4B | $1.5B |
| Q2 2022 | Jun 27, 2022 | $0.49 | $0.43 | -12.19% | $1.3B | $1.4B |
| Q1 2022 | Mar 29, 2022 | $0.85 | $1.18 | 38.99% | $1.5B | $1.7B |
| Q4 2021 | Jan 12, 2022 | $1.28 | $1.15 | -10.28% | $1.9B | $1.8B |

## Frequently Asked Questions

### When did Jefferies Financial (JEF) last report earnings?

Jefferies Financial last reported on Sep 28, 2026, covering fiscal Q3 2026.

### Did JEF beat earnings estimates?

Yes. Jefferies Financial reported EPS of $1.08 for Q3 2026 against a $1.00 estimate — a 7.57% beat.

### How much revenue did JEF report last quarter?

Jefferies Financial reported $2.2B in revenue for Q3 2026, against a consensus estimate of $2.2B.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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