Jefferies Financial Group (JEF) Corporate presentation summary

Business overview

• Operates as a global, full-service investment banking firm with expertise in advisory, underwriting, equities, fixed income, alternative assets, and wealth management.

• Maintains a client-focused approach and a global presence across the Americas, Europe, Middle East, and Asia-Pacific.

• Built on a robust long-term funding and capital base, with comparatively low leverage and no reliance on government support.

• Continues to broaden product offerings and hire key talent to drive market share growth.

Financial performance

• Net revenues for the last twelve months ended February 28, 2026, were $7,768 million, with net earnings from continuing operations of $709 million.

• First quarter 2026 net revenues were $2,017 million, with net earnings from continuing operations of $159 million.

• Revenue sources are diversified across investment banking, capital markets (equities and fixed income), asset management, and other investments.

Liquidity and funding

• Maintains a highly liquid balance sheet, with total assets of $74.4 billion and a leverage ratio of 7.0x as of February 28, 2026.

• 73% of financial instruments owned are readily financeable at haircuts of 10% or less; Level 3 instruments represent only ~3% of inventory.

• No material reliance on short-term unsecured funding or customer balances; no commercial paper program.

• Liquidity pool consistently exceeds $10 billion, representing over 18% of total assets.