Jefferies Financial Group Inc. — Form 10-Q filed 2026-04-07

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Jefferies reported Q1 FY2026 net revenues of $2.02 billion, up 26.6% YoY, and net earnings attributable to common shareholders of $155.7 million, up 21.8%. Investment banking and capital markets drove growth, though derivative contracts posted a net loss of $119.6 million. The effective tax rate rose to 24.9% from 9.4%. Long-term debt increased by $1.33 billion, primarily due to $1.63 billion in senior note issuances. The company remained compliant with all credit covenants.