v3.26.1
Segment Reporting And Geographic Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting And Geographic Information [Abstract]  
Segment Information

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

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

2026

 

2025

 

2026

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total net revenues

 

$

1,896

 

$

1,480

 

$

3,565

 

$

2,907

 

 

 

 

 

 

 

 

 

 

 

 

Significant Expenses

 

 

 

 

 

 

 

 

 

 

 

 

  Transaction based fees 1

 

 

114

 

 

94

 

 

196

 

 

196

  Non-transaction based fees 1

 

 

28

 

 

22

 

 

52

 

 

41

  Employee compensation 2

 

 

154

 

 

142

 

 

307

 

 

285

  Advertising 3

 

 

27

 

 

26

 

 

55

 

 

47

  Other expenses 4

 

 

117

 

 

92

 

 

211

 

 

179

      Total non-interest expenses

 

 

440

 

 

376

 

 

821

 

 

748

Income before income taxes

 

 

1,456

 

 

1,104

 

 

2,744

 

 

2,159

Income tax expense

 

 

118

 

 

98

 

 

235

 

 

189

Net income

 

$

1,338

 

$

1,006

 

$

2,509

 

$

1,970

 

 

 

 

 

 

 

 

 

 

 

 

Total Segment Assets

 

$

247,309

 

$

181,475

 

$

247,309

 

$

181,475

Total Depreciation and Amortization 5

 

$

17

 

$

15

 

$

33

 

$

30

 

1.
Reported in “Execution, clearing and distribution fees” in the condensed consolidated statements of comprehensive income.
2.
Reported in “Employee compensation and benefits” in the condensed consolidated statements of comprehensive income.
3.
Reported in “General and administrative” in the condensed consolidated statements of comprehensive income.
4.
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.
5.
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 June 30,

 

Six Months Ended June 30,

 

 

2026

 

2025

 

2026

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenues

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

1,284

 

$

1,006

 

$

2,425

 

$

1,997

International

 

 

612

 

 

474

 

 

1,140

 

 

910

Total net revenues

 

$

1,896

 

$

1,480

 

$

3,565

 

$

2,907

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

1,076

 

$

830

 

$

2,047

 

$

1,636

International

 

 

380

 

 

274

 

 

697

 

 

523

Total income before income taxes

 

$

1,456

 

$

1,104

 

$

2,744

 

$

2,159