Condensed Consolidated Income Statements - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Mar. 31, 2025 |
Mar. 31, 2024 |
Mar. 31, 2025 |
Mar. 31, 2024 |
|
| Revenues: | ||||
| Total revenues | $ 36,890.7 | $ 22,106.1 | $ 64,826.0 | $ 41,679.1 |
| Cost of sales of physical commodities | 35,934.7 | 21,287.9 | 62,925.7 | 40,076.7 |
| Operating revenues | 956.0 | 818.2 | 1,900.3 | 1,602.4 |
| Transaction-based clearing expenses | 91.8 | 78.5 | 178.3 | 152.8 |
| Introducing broker commissions | 45.5 | 42.0 | 89.8 | 81.1 |
| Interest expense | 316.6 | 259.2 | 622.8 | 495.2 |
| Interest expense on corporate funding | 14.8 | 16.2 | 30.0 | 29.4 |
| Net operating revenues | 487.3 | 422.3 | 979.4 | 843.9 |
| Compensation and other expenses: | ||||
| Compensation and benefits | 267.1 | 234.4 | 519.6 | 452.5 |
| Trading systems and market information | 19.5 | 19.4 | 39.5 | 38.1 |
| Professional fees | 16.5 | 19.3 | 35.5 | 35.0 |
| Non-trading technology and support | 20.9 | 18.0 | 40.6 | 34.9 |
| Occupancy and equipment rental | 13.1 | 13.6 | 26.1 | 21.3 |
| Selling and marketing | 13.4 | 15.6 | 25.4 | 27.3 |
| Travel and business development | 7.1 | 7.1 | 15.5 | 14.2 |
| Communications | 2.1 | 2.3 | 4.2 | 4.5 |
| Depreciation and amortization | 15.6 | 12.3 | 31.3 | 23.5 |
| Bad debts (recoveries), net | 0.1 | (0.4) | 1.9 | (0.7) |
| Other | 14.8 | 15.3 | 31.5 | 32.2 |
| Total compensation and other expenses | 390.2 | 356.9 | 771.1 | 682.8 |
| Other gains | 0.0 | 6.9 | 5.7 | 6.9 |
| Income before tax | 97.1 | 72.3 | 214.0 | 168.0 |
| Income tax expense | 25.4 | 19.2 | 57.2 | 45.8 |
| Net income | $ 71.7 | $ 53.1 | $ 156.8 | $ 122.2 |
| Earnings per share: | ||||
| Basic (in dollars per share) | $ 1.49 | $ 1.12 | $ 3.26 | $ 2.59 |
| Diluted (in dollars per share) | $ 1.41 | $ 1.09 | $ 3.10 | $ 2.51 |
| Weighted-average number of common shares outstanding: | ||||
| Basic (in shares) | 46,789,431 | 45,710,784 | 46,602,574 | 45,529,236 |
| Diluted (in shares) | 49,376,423 | 47,248,414 | 48,981,445 | 47,060,608 |
| Sales of physical commodities | ||||
| Revenues: | ||||
| Total revenues | $ 35,992.6 | $ 21,321.9 | $ 63,043.7 | $ 40,142.8 |
| Principal gains, net | ||||
| Revenues: | ||||
| Total revenues | 300.5 | 281.8 | 609.4 | 575.6 |
| Commission and clearing fees | ||||
| Revenues: | ||||
| Total revenues | 164.3 | 136.2 | 313.6 | 265.9 |
| Consulting, management, and account fees | ||||
| Revenues: | ||||
| Total revenues | 44.3 | 40.2 | 92.1 | 78.7 |
| Interest income | ||||
| Revenues: | ||||
| Total revenues | $ 389.0 | $ 326.0 | $ 767.2 | $ 616.1 |
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- Definition Gain (Loss) On Other No definition available.
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- Definition Interest Expense On Corporate Funding No definition available.
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- Definition Trading Systems and Market Information No definition available.
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- Definition The amount of expense incurred in the period for communication, which is the exchange of information by several methods. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Cost of product sold and service rendered, excluding depreciation, depletion, and amortization. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of expense during the period for floor brokerage fees paid to other broker-dealers to execute trades on their behalf, stock exchange fees, order flow fees, and clearance fees. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of expenses incurred in the period for information technology and data processing products and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total aggregate amount of all noninterest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of fees incurred for commissions on mutual funds and insurance products. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noninterest expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense (reversal of expense) for expected credit loss on accounts receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income after deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition Expenses incurred for travel and entertainment during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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