Jefferies Financial

Q2 FY2026 EarningsQ2 FY26 net revenues jumped 35.0% YoY to $2.21B, driven by record Advisory results and a 203% surge in equity underwriting. Net income attributable to common shareholders soared 157.0% to $226.2M, with diluted EPS rising to $1.02. While Equities marked its best quarter ever with $600.8M in revenue, Fixed Income performance remained more tempered at 11.6% growth. The effective tax rate fell to 20.8%, significantly boosting the bottom line compared to the prior year's 32.3%.