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Contract revenue (Tables) | 9 Months Ended
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Sep. 30, 2025
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following tables present fee and other revenue related to contracts with customers, disaggregated by type of fee revenue, for each business segment. Business segment data has been determined on an internal management basis of accounting, rather than GAAP, which is used for consolidated financial reporting.
Disaggregation of contract revenue by business segment |  |  |  |  |  |  |  |  |  |  |  |
| Quarter ended
| Sept. 30, 2025 |  |  |  | Sept. 30, 2024
(in millions) | Securities Services | Market and Wealth Services | Investment and Wealth Management | Other | Total |  |  |  |  |  |  |  | Securities Services | Market and Wealth Services | Investment and Wealth Management | Other | Total
Fee and other revenue – contract revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment services fees | $ | 1,438 |  | $ | 1,109 |  | $ | 25 |  | $ | (16) |  | $ | 2,556 |  |  |  |  |  |  |  |  | $ | 1,296 |  | $ | 1,021 |  | $ | 27 |  | $ | (17) |  | $ | 2,327 |
Investment management and performance fees | — |  | 3 |  | 779 |  | (4) |  | 778 |  |  |  |  |  |  |  |  | — |  | 1 |  | 800 |  | (2) |  | 799 |
Financing-related fees | 18 |  | 11 |  | — |  | — |  | 29 |  |  |  |  |  |  |  |  | 12 |  | 5 |  | — |  | — |  | 17 |
Distribution and servicing fees | 1 |  | (33) |  | 69 |  | — |  | 37 |  |  |  |  |  |  |  |  | 1 |  | (30) |  | 68 |  | — |  | 39 |
Investment and other revenue | 76 |  | 68 |  | (107) |  | (3) |  | 34 |  |  |  |  |  |  |  |  | 65 |  | 63 |  | (95) |  | — |  | 33 |
Total fee and other revenue – contract revenue | 1,533 |  | 1,158 |  | 766 |  | (23) |  | 3,434 |  |  |  |  |  |  |  |  | 1,374 |  | 1,060 |  | 800 |  | (19) |  | 3,215 |
Fee and other revenue – not in scope of Accounting Standards Codification (“ASC”) 606 (a)(b) | 256 |  | 85 |  | 17 |  | 41 |  | 399 |  |  |  |  |  |  |  |  | 231 |  | 70 |  | 4 |  | 73 |  | 378 |
Total fee and other revenue | $ | 1,789 |  | $ | 1,243 |  | $ | 783 |  | $ | 18 |  | $ | 3,833 |  |  |  |  |  |  |  |  | $ | 1,605 |  | $ | 1,130 |  | $ | 804 |  | $ | 54 |  | $ | 3,593 |
(a) Primarily includes investment services fees, foreign exchange revenue, financing-related fees and investment and other revenue, all of which are accounted for using other accounting guidance. (b) The Investment and Wealth Management business segment is net of income attributable to noncontrolling interests related to consolidated investment management funds of $12 million in the third quarter of 2025 and $7 million in the third quarter of 2024.
Disaggregation of contract revenue by business segment | Quarter ended
| June 30, 2025 |  |
(in millions) | Securities Services | Market and Wealth Services | Investment and Wealth Management | Other | Total |  |  |  |  |  |
Fee and other revenue – contract revenue: |  |  |  |  |  |  |  |  |  |  |
Investment services fees | $ | 1,449 |  | $ | 1,099 |  | $ | 26 |  | $ | (18) |  | $ | 2,556 |  |  |  |  |  |  |
Investment management and performance fees | — |  | 3 |  | 754 |  | (3) |  | 754 |  |  |  |  |  |  |
Financing-related fees | 11 |  | 3 |  | 1 |  | — |  | 15 |  |  |  |  |  |  |
Distribution and servicing fees | 1 |  | (34) |  | 69 |  | 1 |  | 37 |  |  |  |  |  |  |
Investment and other revenue | 72 |  | 69 |  | (106) |  | (3) |  | 32 |  |  |  |  |  |  |
Total fee and other revenue – contract revenue | 1,533 |  | 1,140 |  | 744 |  | (23) |  | 3,394 |  |  |  |  |  |  |
Fee and other revenue – not in scope of ASC 606 (a)(b) | 266 |  | 96 |  | 16 |  | 41 |  | 419 |  |  |  |  |  |  |
Total fee and other revenue | $ | 1,799 |  | $ | 1,236 |  | $ | 760 |  | $ | 18 |  | $ | 3,813 |  |  |  |  |  |  |
(a) Primarily includes investment services fees, foreign exchange revenue, financing-related fees and investment and other revenue, all of which are accounted for using other accounting guidance. (b) The Investment and Wealth Management business segment is net of income attributable to noncontrolling interests related to consolidated investment management funds of $12 million in the second quarter of 2025.
Disaggregation of contract revenue by business segment |  |  |  |  |  |  |  |  |
| Year-to-date
| Sept. 30, 2025 |  | Sept. 30, 2024 |  |
(in millions) | Securities Services | Market and Wealth Services | Investment and Wealth Management | Other | Total |  | Securities Services | Market and Wealth Services | Investment and Wealth Management | Other | Total |  |  |  |  |
Fee and other revenue – contract revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment services fees | $ | 4,198 |  | $ | 3,273 |  | $ | 76 |  | $ | (52) |  | $ | 7,495 |  |  | $ | 3,883 |  | $ | 3,022 |  | $ | 76 |  | $ | (52) |  | $ | 6,929 |  |  |  |  |  |
Investment management and performance fees | — |  | 9 |  | 2,281 |  | (10) |  | 2,280 |  |  | — |  | 5 |  | 2,340 |  | (9) |  | 2,336 |  |  |  |  |  |
Financing-related fees | 44 |  | 22 |  | 1 |  | — |  | 67 |  |  | 39 |  | 18 |  | 1 |  | — |  | 58 |  |  |  |  |  |
Distribution and servicing fees | 3 |  | (100) |  | 206 |  | 1 |  | 110 |  |  | 2 |  | (89) |  | 207 |  | 2 |  | 122 |  |  |  |  |  |
Investment and other revenue | 215 |  | 204 |  | (316) |  | (4) |  | 99 |  |  | 184 |  | 184 |  | (277) |  | 1 |  | 92 |  |  |  |  |  |
Total fee and other revenue – contract revenue | 4,460 |  | 3,408 |  | 2,248 |  | (65) |  | 10,051 |  |  | 4,108 |  | 3,140 |  | 2,347 |  | (58) |  | 9,537 |  |  |  |  |  |
Fee and other revenue – not in scope of ASC 606 (a)(b) | 798 |  | 260 |  | 33 |  | 135 |  | 1,226 |  |  | 697 |  | 202 |  | 40 |  | 167 |  | 1,106 |  |  |  |  |  |
Total fee and other revenue | $ | 5,258 |  | $ | 3,668 |  | $ | 2,281 |  | $ | 70 |  | $ | 11,277 |  |  | $ | 4,805 |  | $ | 3,342 |  | $ | 2,387 |  | $ | 109 |  | $ | 10,643 |  |  |  |  |  |
(a) Primarily includes investment services fees, foreign exchange revenue, financing-related fees and investment and other revenue, all of which are accounted for using other accounting guidance. (b) The Investment and Wealth Management business segment is net of income attributable to noncontrolling interests related to consolidated investment management funds of $26 million in the first nine months of 2025 and $11 million in the first nine months of 2024.

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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