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Jefferies Financial vs Schwab Charles: revenue, profit, margins and growth compared

Jefferies Financial brought in $10.8B of revenue in fiscal 2025, Schwab Charles $23.9B in fiscal 2025. Revenue changed by +2.9% at Jefferies Financial and +22.0% at Schwab Charles on the year before, so Schwab Charles grew faster. Jefferies Financial kept 5.8% of its revenue as net profit, Schwab Charles 37.0%. Free cash flow was -$1.7B at Jefferies Financial and $8.8B at Schwab Charles.

Side by side, latest fiscal year

JEFSCHW
Fiscal year endedFY2025 (November 30, 2025)FY2025 (December 31, 2025)
Revenue$10.8B$23.9B
Revenue growth+2.9%+22.0%
Net income$630.8M$8.9B
Net margin5.8%37.0%
Free cash flow-$1.7B$8.8B
Free cash flow margin-15.7%36.6%
Earnings per share (diluted)$2.83$4.65
Cash$14B$46B
Debt$15.9B$22.2B
Price to earnings16.921.3
Market value$9.2B$171.3B
Dividend yield3.36%1.09%
Rank by revenue in sector#60 of 444 · Finance#26 of 444 · Finance

Over the years

Revenue
JEF FY2017: $7.4BJEF FY2019: $5.4BJEF FY2020: $6.9BJEF FY2021: $8.9BJEF FY2022: $7.1BJEF FY2023: $7.4BJEF FY2024: $10.5BJEF FY2025: $10.8BSCHW FY2018: $10.1BSCHW FY2019: $10.7BSCHW FY2020: $11.7BSCHW FY2021: $18.5BSCHW FY2022: $20.8BSCHW FY2023: $18.8BSCHW FY2024: $19.6BSCHW FY2025: $23.9BFY17FY18FY19FY20FY21FY22FY23FY24FY25
JEF $10.8BSCHW $23.9B
Net income
JEF FY2017: $167.4MJEF FY2019: $959.6MJEF FY2020: $769.6MJEF FY2021: $1.7BJEF FY2022: $774.2MJEF FY2023: $260.9MJEF FY2024: $669.3MJEF FY2025: $630.8MSCHW FY2018: $3.5BSCHW FY2019: $3.7BSCHW FY2020: $3.3BSCHW FY2021: $5.9BSCHW FY2022: $7.2BSCHW FY2023: $5.1BSCHW FY2024: $5.9BSCHW FY2025: $8.9BFY17FY18FY19FY20FY21FY22FY23FY24FY25
JEF $630.8MSCHW $8.9B
Net margin
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%SCHW FY2018: 34.6%SCHW FY2019: 34.5%SCHW FY2020: 28.2%SCHW FY2021: 31.6%SCHW FY2022: 34.6%SCHW FY2023: 26.9%SCHW FY2024: 30.3%SCHW FY2025: 37.0%FY17FY18FY19FY20FY21FY22FY23FY24FY25
JEF 5.8%SCHW 37.0%
Revenue growth
JEF FY2020: +28.4%JEF FY2021: +30.0%JEF FY2022: -20.1%JEF FY2023: +4.1%JEF FY2024: +41.3%JEF FY2025: +2.9%SCHW FY2019: +5.8%SCHW FY2020: +9.0%SCHW FY2021: +58.4%SCHW FY2022: +12.1%SCHW FY2023: -9.3%SCHW FY2024: +4.1%SCHW FY2025: +22.0%FY19FY20FY21FY22FY23FY24FY25
JEF +2.9%SCHW +22.0%
Free cash flow
JEF FY2020: $1.9BJEF FY2021: $1.4BJEF FY2022: $1.6BJEF FY2023: -$1.9BJEF FY2024: -$391.1MJEF FY2025: -$1.7BSCHW FY2018: $11.9BSCHW FY2019: $8.6BSCHW FY2020: $6.2BSCHW FY2021: $1.2BSCHW FY2022: $1.1BSCHW FY2023: $18.9BSCHW FY2024: $2.1BSCHW FY2025: $8.8BFY18FY19FY20FY21FY22FY23FY24FY25
JEF -$1.7BSCHW $8.8B

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

Questions about Jefferies Financial and Schwab Charles

Which is bigger by revenue, Jefferies Financial or Schwab Charles?

Schwab Charles is bigger by revenue: $23.9B in fiscal 2025, against $10.8B for Jefferies Financial in fiscal 2025.

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

Jefferies Financial had a net margin of 5.8% in fiscal 2025; Schwab Charles had 37.0% in fiscal 2025.

Which grew revenue faster, Jefferies Financial or Schwab Charles?

In their latest fiscal years revenue changed by +2.9% at Jefferies Financial and +22.0% at Schwab Charles.

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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