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eToro vs Jefferies Financial: revenue, profit, margins and growth compared

eToro brought in $13.8B of revenue in fiscal 2025, Jefferies Financial $10.8B in fiscal 2025. Revenue changed by +9.5% at eToro and +2.9% at Jefferies Financial on the year before, so eToro grew faster. eToro kept 1.6% of its revenue as net profit, Jefferies Financial 5.8%. Free cash flow was $313.4M at eToro and -$1.7B at Jefferies Financial.

Side by side, latest fiscal year

ETORJEF
Fiscal year endedFY2025 (December 31, 2025)FY2025 (November 30, 2025)
Revenue$13.8B$10.8B
Revenue growth+9.5%+2.9%
Net income$215.7M$630.8M
Net margin1.6%5.8%
Free cash flow$313.4M-$1.7B
Free cash flow margin2.3%-15.7%
Earnings per share (diluted)$2.27$2.83
Cash$1.1B$14B
Debtn/a$15.9B
Price to earningsn/a16.9
Market value$2.1B$9.2B
Dividend yieldn/a3.36%
Rank by revenue in sector#50 of 444 · Finance#60 of 444 · Finance

Over the years

Revenue
ETOR FY2023: $3.9BETOR FY2025: $12.6BETOR FY2025: $13.8BJEF FY2017: $7.4BJEF FY2019: $5.4BJEF FY2020: $6.9BJEF FY2021: $8.9BJEF FY2022: $7.1BJEF FY2023: $7.4BJEF FY2024: $10.5BJEF FY2025: $10.8BFY17FY19FY20FY21FY22FY23FY24FY25
ETOR $13.8BJEF $10.8B
Net income
ETOR FY2023: $15.3METOR FY2025: $192.4METOR FY2025: $215.7MJEF FY2017: $167.4MJEF FY2019: $959.6MJEF FY2020: $769.6MJEF FY2021: $1.7BJEF FY2022: $774.2MJEF FY2023: $260.9MJEF FY2024: $669.3MJEF FY2025: $630.8MFY17FY19FY20FY21FY22FY23FY24FY25
ETOR $215.7MJEF $630.8M
Net margin
ETOR FY2023: 0.4%ETOR FY2025: 1.5%ETOR FY2025: 1.6%JEF FY2017: 2.3%JEF FY2019: 17.9%JEF FY2020: 11.2%JEF FY2021: 18.6%JEF FY2022: 10.8%JEF FY2023: 3.5%JEF FY2024: 6.4%JEF FY2025: 5.8%FY17FY19FY20FY21FY22FY23FY24FY25
ETOR 1.6%JEF 5.8%
Revenue growth
ETOR FY2025: +225.3%ETOR FY2025: +9.5%JEF FY2020: +28.4%JEF FY2021: +30.0%JEF FY2022: -20.1%JEF FY2023: +4.1%JEF FY2024: +41.3%JEF FY2025: +2.9%FY20FY21FY22FY23FY24FY25
ETOR +9.5%JEF +2.9%
Free cash flow
ETOR FY2023: $111.4METOR FY2025: $266.2METOR FY2025: $313.4MJEF FY2020: $1.9BJEF FY2021: $1.4BJEF FY2022: $1.6BJEF FY2023: -$1.9BJEF FY2024: -$391.1MJEF FY2025: -$1.7BFY20FY21FY22FY23FY24FY25
ETOR $313.4MJEF -$1.7B

Fiscal years as each company reports them; the two may end in different months.

Questions about eToro and Jefferies Financial

Which is bigger by revenue, eToro or Jefferies Financial?

eToro is bigger by revenue: $13.8B in fiscal 2025, against $10.8B for Jefferies Financial in fiscal 2025.

Which keeps more of its revenue as profit, eToro or Jefferies Financial?

eToro had a net margin of 1.6% in fiscal 2025; Jefferies Financial had 5.8% in fiscal 2025.

Which grew revenue faster, eToro or Jefferies Financial?

In their latest fiscal years revenue changed by +9.5% at eToro and +2.9% at Jefferies Financial.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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