JEF Jefferies Financial Group margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 65

Gross margin

91.7%

Operating margin

13.3%

EBITDA margin

15.8%

Net margin

11%

Current Jefferies Financial Group reports a gross margin of 91.7%, an operating margin of 13.3%, an EBITDA margin of 15.8%, and a net margin of 11%. Gross margin increased the most, by 1.2 percentage points, while EBITDA margin fell the most, by 0.3 percentage points.

JEF margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Jefferies Financial Group's margins averaged 91.03% gross, 11.88% operating, 14.86% EBITDA, and 9.24% net. All four current margins are above their three-year averages.

JEF margin expansion

Year-over-year margin changes in percentage points

The strongest improvement was in gross margin, which increased by 1.2 percentage points, and operating margin also expanded by 0.5 percentage points and net margin also expanded by 0.9 percentage points, whereas EBITDA margin contracted by 0.3 percentage points.

Gross margin expansion

1.2pp

Operating margin expansion

0.5pp

EBITDA margin expansion

-0.3pp

Net margin expansion

0.9pp

JEF Gross margin

Across the last 3 years, Jefferies Financial Group's gross margin stood at 91.03%. Jefferies Financial Group's current gross margin is 91.7% and is 0.7 percentage points above its three-year average. Gross margin was highest at 91.7% in Aug 2026 and lowest at 90.2% in May 2025.

JEF Operating margin

Across the last 3 years, Jefferies Financial Group had an average operating margin of 11.88%. Against its three-year average, Jefferies Financial Group's operating margin is currently 13.3%, 1.4 percentage points above its three-year average. Looking back over the last 3 years, Jefferies Financial Group's operating margin reached 14.3% at its highest point in Nov 2024 and 7.5% at its lowest in Nov 2023.

JEF EBITDA margin

Across the last 3 years, Jefferies Financial Group's EBITDA margin averaged 14.86%. As of the latest period, Jefferies Financial Group's current EBITDA margin is 15.8%, which is 0.9 percentage points above its three-year average. EBITDA margin was highest at 17.5% in Nov 2024 and lowest at 10.3% in Nov 2023.

JEF Net margin

Over the last 3 years, Jefferies Financial Group's net margin averaged 9.24%. The current net margin of 11% is 1.8 percentage points above its three-year average. During this period, net margin reached a high of 11% in Aug 2026 and a low of 5.9% in Nov 2023.

JEF margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 91.7%, JEF is above the Financial Services sector and the industry average. Compared to its Financial Services sector average of 83.9%, Jefferies Financial Group's gross margin is 9% higher.

JEF margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Jefferies Financial Group's gross margin?

As of Aug 31, 2026, JEF has a gross margin of 91.7%.

What is Jefferies Financial Group's operating margin?

As of Aug 31, 2026, JEF has an operating margin of 13.3%.

What is Jefferies Financial Group's EBITDA margin?

The current EBITDA margin for JEF is 15.8% as of Aug 31, 2026.

What is Jefferies Financial Group's net margin?

As of Aug 31, 2026, JEF has a net margin of 11%.

What are the average margins of JEF?

Jefferies Financial Group's average margins over the last 3 years were 91.0% gross, 11.9% operating, 14.9% EBITDA, and 9.2% net.

What are the highest historical margins of JEF?

Across the 5-year period, JEF posted its highest margins at 91.7% gross in Aug 2026, 28.1% operating in Nov 2021, 29.9% EBITDA in Nov 2021, and 20.9% net in Nov 2021.

What are the lowest historical margins of JEF?

Over this 5-year history, Jefferies Financial Group's margins fell as low as 86.8% gross in Nov 2022, 7.5% operating in Nov 2023, 10.3% EBITDA in Nov 2023, and 5.9% net in Nov 2023.