v3.26.1
Revenue From Contracts With Customers (Tables)
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue

The tables below present revenue from contracts with customers by geographic location and major types of services for the periods indicated.

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Geographic location 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  United States

 

$

 

457

 

 

$

 

351

 

 

$

 

870

 

 

$

 

713

 

  International

 

 

 

303

 

 

 

 

227

 

 

 

 

589

 

 

 

 

457

 

 

$

 

760

 

 

$

 

578

 

 

$

 

1,459

 

 

$

 

1,170

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Major types of services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Commissions

 

$

 

673

 

 

$

 

516

 

 

$

 

1,286

 

 

$

 

1,030

 

  Market data fees 2

 

 

 

23

 

 

 

 

20

 

 

 

 

44

 

 

 

 

39

 

  Risk exposure fees 2

 

 

 

25

 

 

 

 

17

 

 

 

 

51

 

 

 

 

45

 

  Payments for order flow 2

 

 

 

18

 

 

 

 

9

 

 

 

 

33

 

 

 

 

22

 

  FDIC sweep fees 2

 

 

 

10

 

 

 

 

9

 

 

 

 

20

 

 

 

 

17

 

  Other 2

 

 

 

11

 

 

 

 

7

 

 

 

 

25

 

 

 

 

17

 

 

$

 

760

 

 

$

 

578

 

 

$

 

1,459

 

 

$

 

1,170

 

 

1.
Based on the location of the subsidiaries in which the revenues are recorded.
2.
Reported in “Other fees and services” in the condensed consolidated statements of comprehensive income.