| Schedule of Total Revenues Broken Out by Revenues from Contracts with Customers and Other Sources of Revenue |
The following table presents the Company’s total revenues broken out by revenues from contracts with customers and other sources of revenue for the three months ended March 31, 2026 and 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
|
2026 |
|
|
2025 |
|
Revenues from contracts with customers: |
|
|
|
|
|
|
Commissions |
|
$ |
207,834 |
|
|
$ |
193,670 |
|
Investment banking |
|
|
341,412 |
|
|
|
237,942 |
|
Asset management |
|
|
459,457 |
|
|
|
409,541 |
|
Other |
|
|
1,656 |
|
|
|
1,337 |
|
Total revenue from contracts with customers |
|
|
1,010,359 |
|
|
|
842,490 |
|
Other sources of revenue: |
|
|
|
|
|
|
Interest |
|
|
451,049 |
|
|
|
475,632 |
|
Principal transactions |
|
|
150,221 |
|
|
|
141,660 |
|
Other |
|
|
54,023 |
|
|
|
9,244 |
|
Total revenues |
|
$ |
1,665,652 |
|
|
$ |
1,469,026 |
|
|
| Revenues from Contracts with Customers Disaggregated by Major Business Activity and Primary Geographic Regions |
The following tables present the Company’s revenues from contracts with customers by reportable segment disaggregated by major business activity and primary geographic regions for the three months ended March 31, 2026 and 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2026 |
|
|
|
Global Wealth Management |
|
|
Institutional Group |
|
|
Other |
|
|
Total |
|
Major Business Activity: |
|
|
|
|
|
|
|
|
|
|
|
|
Commissions |
|
$ |
140,064 |
|
|
$ |
67,770 |
|
|
$ |
— |
|
|
$ |
207,834 |
|
Capital raising |
|
|
6,072 |
|
|
|
116,902 |
|
|
|
— |
|
|
|
122,974 |
|
Advisory |
|
|
— |
|
|
|
218,438 |
|
|
|
— |
|
|
|
218,438 |
|
Investment banking |
|
|
6,072 |
|
|
|
335,340 |
|
|
|
— |
|
|
|
341,412 |
|
Asset management |
|
|
459,426 |
|
|
|
31 |
|
|
|
— |
|
|
|
459,457 |
|
Other |
|
|
1,656 |
|
|
|
— |
|
|
|
— |
|
|
|
1,656 |
|
Total revenue from contracts with customers |
|
|
607,218 |
|
|
|
403,141 |
|
|
|
— |
|
|
|
1,010,359 |
|
Primary Geographic Region: |
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
|
607,218 |
|
|
|
312,366 |
|
|
|
— |
|
|
|
919,584 |
|
United Kingdom |
|
|
— |
|
|
|
52,237 |
|
|
|
— |
|
|
|
52,237 |
|
Canada |
|
|
— |
|
|
|
23,122 |
|
|
|
— |
|
|
|
23,122 |
|
Other |
|
|
— |
|
|
|
15,416 |
|
|
|
— |
|
|
|
15,416 |
|
Total revenue from contracts with customers |
|
$ |
607,218 |
|
|
$ |
403,141 |
|
|
$ |
— |
|
|
$ |
1,010,359 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2025 |
|
|
|
Global Wealth Management |
|
|
Institutional Group |
|
|
Other |
|
|
Total |
|
Major Business Activity: |
|
|
|
|
|
|
|
|
|
|
|
|
Commissions |
|
$ |
125,826 |
|
|
$ |
67,844 |
|
|
$ |
— |
|
|
$ |
193,670 |
|
Capital raising |
|
|
5,908 |
|
|
|
94,564 |
|
|
|
— |
|
|
|
100,472 |
|
Advisory |
|
|
— |
|
|
|
137,470 |
|
|
|
— |
|
|
|
137,470 |
|
Investment banking |
|
|
5,908 |
|
|
|
232,034 |
|
|
|
— |
|
|
|
237,942 |
|
Asset management |
|
|
409,506 |
|
|
|
35 |
|
|
|
— |
|
|
|
409,541 |
|
Other |
|
|
1,295 |
|
|
|
— |
|
|
|
42 |
|
|
|
1,337 |
|
Total revenue from contracts with customers |
|
|
542,535 |
|
|
|
299,913 |
|
|
|
42 |
|
|
|
842,490 |
|
Primary Geographic Region: |
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
|
542,535 |
|
|
|
240,502 |
|
|
|
42 |
|
|
|
783,079 |
|
United Kingdom |
|
|
— |
|
|
|
35,564 |
|
|
|
— |
|
|
|
35,564 |
|
Canada |
|
|
— |
|
|
|
16,872 |
|
|
|
— |
|
|
|
16,872 |
|
Other |
|
|
— |
|
|
|
6,975 |
|
|
|
— |
|
|
|
6,975 |
|
Total revenue from contracts with customers |
|
$ |
542,535 |
|
|
$ |
299,913 |
|
|
$ |
42 |
|
|
$ |
842,490 |
|
|