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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 3,500 $ 3,633
Cash segregated for regulatory purposes 39,173 36,600
Securities - segregated for regulatory purposes 29,394 27,846
Securities borrowed 5,845 5,369
Securities purchased under agreements to resell 8,376 6,575
Financial instruments owned, at fair value 3,406 1,924
Receivables:    
Customers, less allowance for credit losses of $26 and $25 as of March 31, 2025 and December 31, 2024 63,857 64,432
Brokers, dealers and clearing organizations 2,495 2,196
Interest 443 446
Total receivables 66,795 67,074
Other assets 1,181 1,121
Total assets 157,670 150,142
Liabilities and equity    
Short-term borrowings 12 14
Securities loaned 16,894 16,248
Financial instruments sold, not yet purchased, at fair value 252 293
Payables    
Customers 120,654 115,343
Brokers, dealers and clearing organizations 1,226 476
Affiliate 195 195
Accounts payable, accrued expenses and other liabilities 657 665
Interest 297 311
Total payables 123,029 116,990
Total liabilities 140,187 133,545
Commitments, contingencies and guarantees (see Note 13)
Stockholders' equity    
Additional paid-in capital 1,828 1,816
Retained earnings 2,701 2,515
Accumulated other comprehensive income, net of income taxes of $0 as of both March 31, 2025 and December 31, 2024 (17) (45)
Treasury stock, at cost, 168,735 and 156,446 shares as of March 31, 2025 and December 31, 2024 (11) (7)
Total stockholders' equity 4,502 4,280
Noncontrolling interests 12,981 12,317
Total equity 17,483 16,597
Total liabilities and stockholders' equity 157,670 150,142
Asset Not Pledged as Collateral [Member]    
Assets    
Financial instruments owned, at fair value 3,336 1,847
Asset Pledged as Collateral [Member]    
Assets    
Financial instruments owned, at fair value 70 77
Common Class A [Member]    
Stockholders' equity    
Common stock, $0.01 par value per share 1 1
Common Class B [Member]    
Stockholders' equity    
Common stock, $0.01 par value per share