Segment Reporting And Geographic Information (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting And Geographic Information [Abstract]

The table below presents selected financial information, including significant expenses, for the Company’s single operating segment for the periods indicated.


	Three Months Ended March 31,
	2026		2025

	(in millions)


Total net revenues	$	1,669	$	1,427

Significant Expenses
Transaction based fees 1		82		102
Non-transaction based fees 1		24		19
Employee compensation 2		153		143
Advertising 3		28		21
Other expenses 4		94		87
Total non-interest expenses		381		372
Income before income taxes		1,288		1,055
Income tax expense		117		91
Net income	$	1,171	$	964

Total Segment Assets	$	218,749	$	157,670
Total Depreciation and Amortization 5	$	16	$	15

Reported in “Execution, clearing and distribution fees” in the condensed consolidated statements of comprehensive income.

Reported in “Employee compensation and benefits” in the condensed consolidated statements of comprehensive income.

Reported in “General and administrative” in the condensed consolidated statements of comprehensive income.

Includes “Occupancy, depreciation and amortization”; “Communications”; “Customer bad debt”; employee benefits and other personnel expenses reported in “Employee compensation and benefits”; and professional services, legal and regulatory matters, and other administrative expenses reported in “General and administrative” in the condensed consolidated statements of comprehensive income.

Reported in “Occupancy, depreciation and amortization” in the condensed consolidated statements of comprehensive income.

Schedule Of Total Net Revenues And Income Before Income Taxes By Geographic Area

This geographic information does not reflect the way the Company’s business is managed.


	Three Months Ended March 31,
	2026		2025

	(in millions)

Net revenues
United States	$	1,141	$	990
International		528		437
Total net revenues	$	1,669	$	1,427
Income before income taxes
United States	$	971	$	806
International		317		249
Total income before income taxes	$	1,288	$	1,055