v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 27, 2026
Mar. 28, 2025
Revenue:    
Revenue $ 4,519 $ 3,923
Interest and dividends 229 270
Other (loss) revenue, net (30) 25
Total revenue 4,718 4,218
Interest expense 41 51
Net revenue 4,677 4,167
Operating expenses:    
Compensation and benefits 3,279 2,890
Communications and data processing 317 267
Occupancy and equipment 167 163
Fund sub-adviser fees 101 84
Professional and consulting fees 62 61
Advertising 43 39
Other operating expenses 167 150
Total operating expenses 4,136 3,654
Income before allocations 541 513
Allocations:    
Limited partners 68 71
Profits interests 27 17
Subordinated limited partners 60 56
General partners 386 369
Net income $ 0 $ 0
Income allocated to limited partners per weighted average $1,000 equivalent limited partnership unit outstanding $ 37.87 $ 38.89
Weighted average $1,000 equivalent limited partnership units outstanding 1,728,647 1,736,683
Total Fee Revenue [Member]    
Revenue:    
Revenue $ 4,069 $ 3,480
Asset-based Fee Revenue [Member]    
Revenue:    
Revenue 3,882 3,294
Account and Activity Fee Revenue [Member]    
Revenue:    
Revenue 187 186
Trade Revenue [Member]    
Revenue:    
Revenue $ 450 $ 443