Jefferies (JEF) Stock Buybacks: 37.4% of Shares Retired Since 2014

Name: Jefferies (JEF) shares outstanding since 1999, split adjusted
Creator: Buyback Radar
License: https://creativecommons.org/licenses/by/4.0/

Shares outstanding, 1999 to todaysplit adjusted, from SEC filings

1999, 165,890,1842026-09-29, 229,669,637

As converted. SMBC's Series B preferred, worth 27.6 million common shares, converted into non-voting common in June 2026. We count it as shares from the start, so the conversion is neither dilution nor a buyback. The chart and the filing table include those share equivalents while the preferred was outstanding. Sources: filing 1, filing 2.

A share bought in 2008

1.0× more of Jefferies today, without buying another share. It was one of 238,498,598 shares then. It is one of 229,669,637 now.

Every filing we read26 fiscal years, split adjusted

Fiscal year	Date	Shares outstanding	Filing
1999	2000-03-13	165,890,184	10-K	cover page
2000	2001-03-19	165,890,184	10-K405	cover page
2001	2002-02-22	165,954,771	10-K	cover page
2002	2003-03-25	178,851,876	10-K	cover page
2003	2004-03-05	212,602,506	10-K	cover page
2004	2005-03-04	215,227,656	10-K	cover page
2005	2006-02-23	216,145,016	10-K	cover page
2006	2007-02-15	216,351,466	10-K	cover page
2007	2008-02-14	222,575,940	10-K	cover page
2008	2009-02-20	238,498,598	10-K	cover page
2009	2010-02-16	243,288,154	10-K	cover page
2010	2011-02-17	243,808,147	10-K	cover page
2011	2012-02-16	244,582,588	10-K	cover page
2012	2013-02-14	244,582,588	10-K	cover page
2013	2014-02-14	364,132,464	10-K	cover page, review share change, capital issuance
2014	2015-02-12	366,644,585	10-K	cover page
2015	2016-02-11	362,243,256	10-K	cover page
2016	2017-02-16	359,807,465	10-K	cover page
2017	2018-02-15	356,252,768	10-K	cover page
2019	2020-01-17	287,939,689	10-K	cover page
2020	2021-01-21	251,070,970	10-K	cover page
2021	2022-01-20	241,856,046	10-K	cover page
2022	2023-01-19	226,162,081	10-K	cover page
2023	2024-01-18	211,936,646	10-K	cover page
2024	2025-01-17	206,094,699	10-K	cover page
2025	2026-01-15	234,253,775	10-K	cover page, as converted, 206,691,275 common

Source: all 10-K filings of Jefferies on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

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Jefferies buybacks, answered

Is Jefferies buying back its stock?

Yes. Jefferies has 1.8% fewer shares outstanding than twelve months ago, 229,669,637 as of September 29, 2026. Over five years the share count is down 6.5%.

How many shares has Jefferies bought back?

Net of every new share it issued, Jefferies has 137.0 million fewer shares than at its 2014 peak. That is 37.4% of the company.

How many shares does Jefferies have outstanding?

229,669,637 shares, as of September 29, 2026, from the cover page of its latest 10-Q. At the 2014 peak it had 366,644,585.

What do Jefferies' buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Jefferies stock in 2014 owns 1.6 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Jefferies compare with other cannibal stocks?

Jefferies ranks No. 54 of 65 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Federated Hermes (38.4%), Innoviva (38.1%), Copart (37.3%), Columbia Sportswear (36.5%).

Every answer is computed from Jefferies' own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Insider buying, last 12 months

SUMITOMO MITSUI FINANCIAL GROUP, INC.Director2026-07-15, 5,906,542 shares at $54.86 $324.0M total

SUMITOMO MITSUI FINANCIAL GROUP, INC.Director2026-05-01, 6,429,337 shares at $54.83 $352.5M total

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Jefferies in depth on Cannibal Stocks.

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