Jefferies Earnings Reports

Jefferies delivered stable revenue and modest profitability amid a challenging market. Strong advisory and equities performance partially offset declines in fixed income and equity underwriting.

Jefferies' Q1 2025 results showed net revenue of $1.59 billion and net income attributable to common shareholders of $127.8 million. While Advisory and Debt Underwriting grew significantly, Equity Underwriting and Asset Management returns were weaker. The return on adjusted tangible equity stood at 8.0%.

Jefferies Financial Group reported third quarter net revenues of $1.68 billion, reflecting strong performance and continued momentum in Investment Banking, with particularly strong performance in Advisory. Net earnings attributable to common shareholders were $167 million, or $0.75 per diluted common share.

Jefferies Financial Group reported net revenues of $1.66 billion for the second quarter of 2024, driven by positive momentum in Investment Banking and solid performance in Capital Markets. Net earnings attributable to common shareholders were $146 million, or $0.64 per diluted common share. The company's Board of Directors increased the quarterly dividend by 16.7% to $0.35 per common share.

Jefferies Financial Group reported net earnings attributable to common shareholders of $150 million, or $0.66 per diluted common share, for Q1 2024. Net revenues reached $1.74 billion, driven by strong performances in Investment Banking and Capital Markets. Adjusting for a loss associated with the Weiss Multi-Strategy Advisers, net earnings from continuing operations were $196 million, or $0.87 per diluted common share.

Jefferies Financial Group reported Q4 2023 financial results, including net earnings attributable to common shareholders of $66 million, or $0.29 per diluted common share, and net revenues of $1.20 billion. The company's Board of Directors has increased the share buyback authorization back to a total of $250 million.

Jefferies Financial Group reported Q3 2023 results with net revenues of $1.18 billion and net earnings attributable to common shareholders of $51 million, or $0.22 per diluted share. The company saw an improvement in investment banking revenues, offset by a decline in asset management revenues. They are optimistic about investment banking momentum and their strategic alliance with SMBC.

Jefferies Financial Group reported Q2 2023 financial results, with net earnings attributable to common shareholders of $12 million, or $0.05 per diluted share, including $72 million of pre-tax losses related to OpNet. Total net revenues were $1.04 billion, which included $72 million of pre-tax losses related to OpNet. Investment Banking net revenues totaled $510 million, while Capital Markets net revenues were $543 million. The company repurchased 2.2 million shares of common stock for $67 million.

Jefferies Financial Group reported net earnings attributable to common shareholders of $134 million, or $0.54 per diluted share, for the first quarter of 2023. Total net revenues were $1.28 billion, with Investment Banking net revenues at $568 million and Capital Markets net revenues at $639 million.

Jefferies Financial Group reported Q4 2022 financial results, with net earnings attributable to common shareholders of $140 million, or $0.57 per diluted share. The company's total net revenues were $1.44 billion, which included $568 million from Investment Banking, $478 million from Capital Markets, and $402 million from Asset Management. Jefferies repurchased 3.9 million shares of common stock for $121 million during the quarter and increased the share buyback authorization back to a total of $250 million.

Jefferies Financial Group reported a net income attributable to common shareholders of $195 million, or $0.78 per diluted share, for the third quarter of 2022. The firm's adjusted net income attributable to common shareholders was $275 million, or $1.10 per diluted share, after removing $80 million of expense related to a regulatory settlement. Total Investment Banking and Capital Markets and Asset Management net revenues reached $1.12 billion.