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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Commissions $ 1,697 $ 1,360 $ 1,322
Other fees and services 280 197 184
Other income (loss) 60 (11) (107)
Total non-interest income 2,037 1,546 1,399
Interest income 7,339 6,230 2,686
Interest expense (4,191) (3,436) (1,018)
Total net interest income 3,148 2,794 1,668
Total net revenues 5,185 4,340 3,067
Non-interest expenses:      
Execution, clearing and distribution fees 447 386 324
Employee compensation and benefits 574 527 454
Occupancy, depreciation and amortization 101 99 90
Communications 39 41 33
General and administrative 314 211 165
Customer bad debt 15 7 3
Total non-interest expenses 1,490 1,271 1,069
Income before income taxes 3,695 3,069 1,998
Income tax expense 288 257 156
Net income 3,407 2,812 1,842
Less net income attributable to noncontrolling interests 2,652 2,212 1,462
Net income available for common stockholders $ 755 $ 600 $ 380
Earnings per share:      
Basic $ 6.99 $ 5.72 $ 3.78
Diluted $ 6.93 $ 5.67 $ 3.75
Weighted average common shares outstanding:      
Weighted Average Number of Shares Outstanding, Basic 108,112,199 104,965,050 100,460,016
Weighted Average Number of Shares Outstanding, Diluted 109,002,938 105,846,877 101,299,609
Comprehensive income:      
Net income available for common stockholders $ 755 $ 600 $ 380
Other comprehensive income:      
Cumulative translation adjustment, before income taxes (53) 30 (26)
Other comprehensive income (loss), net of tax (53) 30 (26)
Comprehensive income available for common stockholders 702 630 354
Comprehensive income attributable to noncontrolling interests:      
Net income attributable to noncontrolling interests 2,652 2,212 1,462
Other comprehensive income - cumulative translation adjustment (154) 92 (85)
Comprehensive income attributable to noncontrolling interests $ 2,498 $ 2,304 $ 1,377