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Segment Reporting And Geographic Information (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting And Geographic Information [Abstract]

Segment Information

		Three Months Ended September 30,						Nine Months Ended September 30,
		2025			2024			2025			2024
		(in millions)
Total net revenues		$	1,655		$	1,365		$	4,562		$	3,798
Significant Expenses
Transaction based fees 1			71			95			267			270
Non-transaction based fees 1			21			21			62			62
Employee compensation 2			145			133			430			398
Advertising 3			27			16			74			47
Other expenses 4			79			191			258			366
Total non-interest expenses			343			456			1,091			1,143
Income before income taxes			1,312			909			3,471			2,655
Income tax expense			126			75			315			217
Net income		$	1,186		$	834		$	3,156		$	2,438
Total Segment Assets		$	200,222		$	148,526		$	200,222		$	148,526
Total Depreciation and Amortization 5		$	15		$	17		$	45		$	51

__________________________

1.Included in “Execution, clearing and distribution fees” in the condensed consolidated statements of comprehensive income.

2.Included in “Employee compensation and benefits” in the condensed consolidated statements of comprehensive income.

3.Included 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 included in “Employee compensation and benefits”; and professional services, legal and regulatory matters, and other administrative expenses included in “General and administrative” in the condensed consolidated statements of comprehensive income.

5.Included 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

		Three Months Ended September 30,						Nine Months Ended September 30,
		2025			2024			2025			2024
		(in millions)
Net revenues
United States		$	1,186		$	963		$	3,182		$	2,627
International			469			402			1,380			1,171
Total net revenues		$	1,655		$	1,365		$	4,562		$	3,798
Income before income taxes
United States		$	1,032		$	689		$	2,668		$	1,992
International			280			220			803			663
Total income before income taxes		$	1,312		$	909		$	3,471		$	2,655

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

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-Section 50
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