XML 41 R31.htm IDEA: XBRL DOCUMENT
v3.26.1

SEGMENT INFORMATION | 9 Months Ended
--- | ---
Jun. 30, 2026
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION We currently operate through the following five segments: Private Client Group (“PCG”); Capital Markets; Asset Management; Bank; and Other. The segments are determined based upon factors such as the services provided and the distribution channels served and are consistent with how we assess performance and determine how to allocate our resources. For a further discussion of our segments, see Note 25 of our 2025 Form 10-K. The following tables present information concerning operations in these segments.
$ in millions |  | Private Client Group |  | Capital Markets |  | Asset Management |  | Bank |  | Other and intersegment eliminations |  | Total
Three months ended June 30, 2026 |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Non-interest revenues (1) |  | $ | 2,746 |  |  | $ | 475 |  |  | $ | 360 |  |  | $ | 16 |  |  | $ | (229) |  |  | $ | 3,368 |
Net interest income |  | 95 |  |  | 2 |  |  | 2 |  |  | 472 |  |  | (11) |  |  | 560 |
Net revenues |  | 2,841 |  |  | 477 |  |  | 362 |  |  | 488 |  |  | (240) |  |  | 3,928 |
Non-interest expenses: |  |  |  |  |  |  |  |  |  |  |  |
Compensation, commissions and benefits |  | 2,124 |  |  | 300 |  |  | 76 |  |  | 47 |  |  | 32 |  |  | 2,579 |
Bank loan benefit for credit losses |  | — |  |  | — |  |  | — |  |  | (26) |  |  | — |  |  | (26) |
All other (1) |  | 294 |  |  | 129 |  |  | 143 |  |  | 261 |  |  | (202) |  |  | 625 |
Total non-interest expense |  | 2,418 |  |  | 429 |  |  | 219 |  |  | 282 |  |  | (170) |  |  | 3,178 |
Total pre-tax income/(loss) |  | $ | 423 |  |  | $ | 48 |  |  | $ | 143 |  |  | $ | 206 |  |  | $ | (70) |  |  | $ | 750 |
Three months ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Non-interest revenues (1) |  | $ | 2,397 |  |  | $ | 378 |  |  | $ | 288 |  |  | $ | 18 |  |  | $ | (229) |  |  | $ | 2,852 |
Net interest income |  | 91 |  |  | 3 |  |  | 3 |  |  | 440 |  |  | 9 |  |  | 546 |
Net revenues |  | 2,488 |  |  | 381 |  |  | 291 |  |  | 458 |  |  | (220) |  |  | 3,398 |
Non-interest expenses: |  |  |  |  |  |  |  |  |  |  |  |
Compensation, commissions and benefits |  | 1,803 |  |  | 262 |  |  | 54 |  |  | 47 |  |  | 36 |  |  | 2,202 |
Bank loan provision for credit losses |  | — |  |  | — |  |  | — |  |  | 15 |  |  | — |  |  | 15 |
All other (1) |  | 274 |  |  | 173 |  |  | 112 |  |  | 273 |  |  | (214) |  |  | 618 |
Total non-interest expense |  | 2,077 |  |  | 435 |  |  | 166 |  |  | 335 |  |  | (178) |  |  | 2,835 |
Total pre-tax income/(loss) |  | $ | 411 |  |  | $ | (54) |  |  | $ | 125 |  |  | $ | 123 |  |  | $ | (42) |  |  | $ | 563 |
(1)“Non-interest revenues” for the PCG segment and “All other” non-interest expenses for the Bank segment included $185 million and $193 million of RJBDP fees paid to PCG for the three months ended June 30, 2026 and 2025, respectively. Such fees were eliminated in consolidation.
$ in millions |  | Private Client Group |  | Capital Markets |  | Asset Management |  | Bank |  | Other and intersegment eliminations |  | Total
Nine months ended June 30, 2026 |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Non-interest revenues (1) |  | $ | 8,143 |  |  | $ | 1,313 |  |  | $ | 1,007 |  |  | $ | 47 |  |  | $ | (671) |  |  | $ | 9,839 |
Net interest income |  | 276 |  |  | 8 |  |  | 8 |  |  | 1,414 |  |  | (23) |  |  | 1,683 |
Net revenues |  | 8,419 |  |  | 1,321 |  |  | 1,015 |  |  | 1,461 |  |  | (694) |  |  | 11,522 |
Non-interest expenses: |  |  |  |  |  |  |  |  |  |  |  |
Compensation, commissions and benefits |  | 6,283 |  |  | 854 |  |  | 200 |  |  | 142 |  |  | 91 |  |  | 7,570 |
Bank loan benefit for credit losses |  | — |  |  | — |  |  | — |  |  | (24) |  |  | — |  |  | (24) |
All other (1) |  | 858 |  |  | 359 |  |  | 392 |  |  | 798 |  |  | (644) |  |  | 1,763 |
Total non-interest expense |  | 7,141 |  |  | 1,213 |  |  | 592 |  |  | 916 |  |  | (553) |  |  | 9,309 |
Total pre-tax income/(loss) |  | $ | 1,278 |  |  | $ | 108 |  |  | $ | 423 |  |  | $ | 545 |  |  | $ | (141) |  |  | $ | 2,213 |
Nine months ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Non-interest revenues (1) |  | $ | 7,246 |  |  | $ | 1,247 |  |  | $ | 864 |  |  | $ | 44 |  |  | $ | (659) |  |  | $ | 8,742 |
Net interest income |  | 276 |  |  | 10 |  |  | 10 |  |  | 1,273 |  |  | 27 |  |  | 1,596 |
Net revenues |  | 7,522 |  |  | 1,257 |  |  | 874 |  |  | 1,317 |  |  | (632) |  |  | 10,338 |
Non-interest expenses: |  |  |  |  |  |  |  |  |  |  |  |
Compensation, commissions and benefits |  | 5,433 |  |  | 825 |  |  | 169 |  |  | 138 |  |  | 113 |  |  | 6,678 |
Bank loan provision for credit losses |  | — |  |  | — |  |  | — |  |  | 31 |  |  | — |  |  | 31 |
All other (1) |  | 785 |  |  | 376 |  |  | 334 |  |  | 790 |  |  | (639) |  |  | 1,646 |
Total non-interest expense |  | 6,218 |  |  | 1,201 |  |  | 503 |  |  | 959 |  |  | (526) |  |  | 8,355 |
Total pre-tax income/(loss) |  | $ | 1,304 |  |  | $ | 56 |  |  | $ | 371 |  |  | $ | 358 |  |  | $ | (106) |  |  | $ | 1,983 |
(1)“Non-interest revenues” for the PCG segment and “All other” non-interest expenses for the Bank segment included $560 million and $563 million of RJBDP fees paid to PCG for the nine months ended June 30, 2026 and 2025, respectively. Such fees were eliminated in consolidation. No individual client accounted for more than 10% of revenues in any of the periods presented. The following table presents our total assets on a segment basis.
$ in millions |  | June 30, 2026 |  | September 30, 2025
Total assets: |  |  |  |
Private Client Group |  | $ | 14,975 |  |  | $ | 14,007 |
Capital Markets |  | 3,912 |  |  | 3,426 |
Asset Management |  | 1,263 |  |  | 632 |
Bank |  | 70,054 |  |  | 65,263 |
Other |  | 4,033 |  |  | 4,902 |
Total |  | $ | 94,237 |  |  | $ | 88,230 |
Substantially all of our operations are located in the U.S., Canada, and Europe. The vast majority of our long-lived assets are located in the U.S. The following table presents our net revenues and pre-tax income/(loss) classified by major geographic area in which they were earned.
|  | Three months ended June 30, |  | Nine months ended June 30,
$ in millions |  | 2026 |  | 2025 |  | 2026 |  | 2025
Net revenues: |  |  |  |  |  |  |  |
U.S. |  | $ | 3,589 |  |  | $ | 3,107 |  |  | $ | 10,526 |  |  | $ | 9,445 |
Canada |  | 189 |  |  | 149 |  |  | 565 |  |  | 474 |
Europe |  | 150 |  |  | 142 |  |  | 431 |  |  | 419 |
Total net revenues |  | $ | 3,928 |  |  | $ | 3,398 |  |  | $ | 11,522 |  |  | $ | 10,338 |
Pre-tax income/(loss): |  |  |  |  |  |  |  |
U.S. |  | $ | 715 |  |  | $ | 546 |  |  | $ | 2,114 |  |  | $ | 1,875 |
Canada |  | 41 |  |  | 23 |  |  | 120 |  |  | 97 |
Europe |  | (6) |  |  | (6) |  |  | (21) |  |  | 11 |
Total pre-tax income |  | $ | 750 |  |  | $ | 563 |  |  | $ | 2,213 |  |  | $ | 1,983 |
The following table presents our total assets by major geographic area in which they were held.
$ in millions |  | June 30, 2026 |  | September 30, 2025
Total assets: |  |  |  |
U.S. |  | $ | 87,770 |  |  | $ | 82,289 |
Canada |  | 3,596 |  |  | 3,182 |
Europe |  | 2,871 |  |  | 2,759 |
Total |  | $ | 94,237 |  |  | $ | 88,230 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for segment reporting. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 18: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 19: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 20: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 21: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 22: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration