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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 1,107 $ 1,095
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:    
Depreciation and amortization 99 94
Deferred income taxes, net 112 46
Premium and discount amortization on available-for-sale securities and bank loans and net unrealized gains/losses on other investments (3) (1)
Provisions for credit losses and legal and regulatory matters, net 21 24
Share-based compensation expense 133 147
Unrealized gains on corporate-owned life insurance policies, net of expenses 10 31
Other 27 21
Net change in:    
Collateralized agreements, net of collateralized financings 121 45
Loans (provided to) financial advisors, net of repayments (286) (102)
Brokerage client receivables and other receivables, net (479) (140)
Trading instruments, net (62) (69)
Derivative instruments, net 10 116
Other assets (44) 23
Brokerage client payables and other payables 621 38
Accrued compensation, commissions and benefits (493) (407)
Purchases and originations of loans held for sale, net of proceeds from sales of securitizations and loans held for sale 195 (14)
Net cash provided by operating activities 1,089 947
Cash flows from investing activities:    
Increase in bank loans, net (3,572) (2,334)
Proceeds from sales of loans held for investment 116 83
Purchases of available-for-sale securities (409) (300)
Available-for-sale securities maturations, repayments and redemptions 935 1,009
Proceeds from sales of available-for-sale securities 0 78
Cash paid for acquisition, net of cash acquired (92) 0
Additions to property and equipment (91) (87)
Sales of Federal Reserve Bank (“FRB”) and Federal Home Loan Bank (“FHLB”) stock 0 9
Other investing activities, net (89) (54)
Net cash used in investing activities (3,202) (1,596)
Cash flows from financing activities:    
Increase in bank deposits 3,526 393
Repurchases of common stock and share-based awards withheld for payment of withholding tax requirements (918) (459)
Dividends on common and preferred stock (221) (211)
Employee stock purchases and exercise of stock options 23 19
Redemption of preferred stock (81) 0
Proceeds from Federal Home Loan Bank (“FHLB”) advances 300 450
Repayments of FHLB advances (300) (650)
Other financing, net (10) (5)
Net cash provided by/(used in) financing activities 2,319 (463)
Currency adjustment:    
Effect of exchange rate changes on cash and cash equivalents, including those segregated for regulatory purposes (29) (149)
Net increase/(decrease) in cash and cash equivalents, including those segregated for regulatory purposes and restricted cash 177 (1,261)
Cash and cash equivalents, including those segregated for regulatory purposes and restricted cash at beginning of year 14,787 14,348
Cash and cash equivalents, including those segregated for regulatory purposes and restricted cash at end of period 14,964 13,087
Cash and cash equivalents, including those segregated for regulatory purposes and restricted cash    
Cash and cash equivalents 11,219 9,662
Cash and cash equivalents segregated for regulatory purposes and restricted cash 3,745 3,425
Total cash and cash equivalents, including those segregated for regulatory purposes and restricted cash at end of period 14,964 13,087
Supplemental disclosures of cash flow information:    
Cash paid for interest 845 948
Cash paid for income taxes, net 275 373
Cash outflows for lease liabilities 67 66
Non-cash right-of-use (“ROU”) assets recorded for new and modified leases $ 52 $ 54