Jefferies Financial Group Inc. on Monday reported quarterly earnings that topped Wall Street's expectations, delivering its best-ever quarter in investment banking and equities.

The New York firm reported per-share earnings of $1.08 on revenue of $2.2 billion for its third quarter. Wall Street was calling for earnings per share of $1.00, or 89 cents on an adjusted basis, according to FactSet.

Overall earnings of $261 million rose 16% from a year ago. Jefferies' revenue was in line with expectations.

Despite the earnings beat, shares of Jefferies fell 3.5% in after-hours trading. The stock has had a bruising year, declining 25% in 2026 while the S&P 500 Index has gained 12% over the same period.

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