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Contract revenue (Tables)
 9 Months Ended
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, 2025Sept. 30, 2024
(in millions)Securities ServicesMarket and Wealth ServicesInvestment and Wealth ManagementOtherTotalSecurities ServicesMarket and Wealth ServicesInvestment and Wealth ManagementOtherTotal
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 fees18 11 — — 29 12 5 — — 17 
Distribution and servicing fees1 (33)69 — 37 1 (30)68 — 39 
Investment and other revenue76 68 (107)(3)34 65 63 (95)— 33 
Total fee and other revenue – contract revenue1,533 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 segmentQuarter ended
June 30, 2025
(in millions)Securities ServicesMarket and Wealth ServicesInvestment and Wealth ManagementOtherTotal
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 fees11 3 1 — 15 
Distribution and servicing fees1 (34)69 1 37 
Investment and other revenue72 69 (106)(3)32 
Total fee and other revenue – contract revenue1,533 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, 2025Sept. 30, 2024
(in millions)Securities ServicesMarket and Wealth ServicesInvestment and Wealth ManagementOtherTotalSecurities ServicesMarket and Wealth ServicesInvestment and Wealth ManagementOtherTotal
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 fees44 22 1 — 67 39 18 1 — 58 
Distribution and servicing fees3 (100)206 1 110 2 (89)207 2 122 
Investment and other revenue215 204 (316)(4)99 184 184 (277)1 92 
Total fee and other revenue – contract revenue4,460 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.