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  • Jefferies-format slide with 32 public company logos in one grid.

    Logos

  • Jefferies global office presence. World map with pins and Americas, EMEA, APAC city lists.

    Maps

  • Process comparison slide with Harvey balls across auction, targeted, dual track, and exclusive.

    Harvey balls

  • Jefferies-format slide with two labeled line charts. Level 3 instruments as a share of inventory and of tangible equity.

    Chart support

  • Jefferies-format SmartArt. Eight execution levers around a hub, with leader lines.

    SmartArt

A toolbar built for the way you work.

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Review

What were 2Q net revenues, and what is leverage?

Net revenues for the quarter ended May 31, 2026 were $2,206 million. Pre-tax earnings were $316 million. Net earnings were $250 million. Advisory at $674 million and equities at $601 million were the two largest sources in the quarter.

On a last-twelve-months basis, net revenues were $8,340 million. Pre-tax earnings were $1,113 million. Net earnings were $868 million.

The balance sheet is as of the same date. Total assets are $79.5 billion. Leverage is 7.5x, total assets over equity. Long-term capital is $25.3 billion.

creditor-2q.pdf

Earnings and revenues update, page 4. Net revenues 2,206.
Capital structure page, page 7. Total assets 79.5 billion. Leverage 7.5x.

Comments accumulate.

glance.pptx

Jefferies at a glance. The title starts as one readable but too-small line, then the same words wrap at master size.

Make sure the title is always the same size as the master. Never smaller.

Saved to Memory

Webpage to PowerPoint.

An Agent writes the first draft.

  • Find the 10-K and 10-Qs

    filings

    Opened sec.gov

    • Alphabet Inc. Form 10-K for the year ended December 31, 2025.

      GOOGL-10K-2025.pdf

    • Alphabet Inc. Form 10-Q for the quarter ended March 31, 2026.

      GOOGL-10Q-1Q26.pdf

    • Alphabet Inc. Form 10-Q for the quarter ended June 30, 2026.

      GOOGL-10Q-2Q26.pdf

  • Update the model

    alphabet-model.xlsx

    Excel coverage model for Alphabet. FY 2025, 1Q 2026, and 2Q 2026. Total revenues 119,796.

  • Put the table on the slide

    alphabet-earnings.pptx

    Jefferies slide. Alphabet revenue by source from the 10-K and 10-Qs, with 2Q change and mix.

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