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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Commissions $ 537 $ 435 $ 1,567 $ 1,220
Other fees and services 66 72 206 199
Other income 85 56 192 38
Total non-interest income 688 563 1,965 1,457
Interest income 2,101 1,888 5,710 5,476
Interest expense (1,134) (1,086) (3,113) (3,135)
Total net interest income 967 802 2,597 2,341
Total net revenues 1,655 1,365 4,562 3,798
Non-interest expenses:        
Execution, clearing and distribution fees 92 116 329 332
Employee compensation and benefits 156 145 473 436
Occupancy, depreciation and amortization 24 26 72 77
Communications 11 9 32 29
General and administrative 62 153 185 255
Customer bad debt (2) 7   14
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
Less net income attributable to noncontrolling interests 923 650 2,456 1,900
Net income available for common stockholders $ 263 $ 184 $ 700 $ 538
Earnings per share:        
Basic $ 0.59 $ 0.42 $ 1.59 $ 1.25
Diluted $ 0.59 $ 0.42 $ 1.58 $ 1.24
Weighted average common shares outstanding:        
Weighted Average Number of Shares Outstanding, Basic 444,060,813 435,031,964 439,434,716 431,410,388
Weighted Average Number of Shares Outstanding, Diluted 446,528,983 438,145,440 442,507,940 435,096,780
Comprehensive income:        
Net income available for common stockholders $ 263 $ 184 $ 700 $ 538
Other comprehensive income:        
Cumulative translation adjustment, before income taxes (10) 39 97 11
Income taxes related to items of other comprehensive income
Other comprehensive income (loss), net of tax (10) 39 97 11
Comprehensive income available for common stockholders 253 223 797 549
Comprehensive income attributable to noncontrolling interests:        
Net income attributable to noncontrolling interests 923 650 2,456 1,900
Other comprehensive income - cumulative translation adjustment (28) 114 278 30
Comprehensive income attributable to noncontrolling interests $ 895 $ 764 $ 2,734 $ 1,930