Jefferies Financial Group reported third quarter adjusted earnings per share of $1.08, beating the analyst consensus of $1.00, though shares fell 3% following the results. Revenue for the quarter reached $2.22 billion, slightly above the consensus estimate of $2.20 billion and up 9% year over year from $2.05 billion, while net earnings attributable to common shareholders totaled $260.6 million, compared to $224.0 million a year earlier. The company posted record quarterly results in Investment Banking and Equities, with Investment Banking net revenues of $1.33 billion up 17% year over year on record Advisory revenues of $818 million, and Equities revenues of $626.2 million up 29%, but those gains were partly offset by a 26% drop in Fixed Income revenues to $176.0 million and a fall in Asset Management revenues to $85.6 million from $176.9 million. The compensation ratio rose to 53.7% from 52.9%, while the non-compensation ratio improved to 30.5% from 30.9%. Jefferies repurchased 1.3 million shares for $70 million during the quarter at an average price of $52.34 per share, and the Board declared a quarterly dividend of $0.40 per share payable November 25, 2026.
Jefferies Financial Group IncQ3 adjusted EPS of $1.08 beat the $1.00 consensus on revenue of $2.22B, with record Investment Banking and Equities results.
