XML 56 R43.htm IDEA: XBRL DOCUMENT v3.25.2
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Aug. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Nine Months Ended August 31, 2025
$ in thousands
Investment
Banking and
Capital
Markets
Asset
Management
Total
Balance, at beginning of period ...................
$1,533,013
$294,925
$1,827,938
Currency translation and other
adjustments ..............................................
4,866
11,389
16,255
Measurement period adjustments (1) ........
—
1,802
1,802
Write-off related to disposals .......................
—
(5,563)
(5,563)
Balance, at end of period .............................
$1,537,879
$302,553
$1,840,432
(1)Relates to a measurement period adjustment recorded during the second
quarter of 2025 attributable to the Go Internet acquisition. Refer to Note 4,
Business Acquisitions for further discussion.
Nine Months Ended August 31, 2024
$ in thousands
Investment
Banking and
Capital
Markets
Asset
Management
Total
Balance, at beginning of period ...................
$1,532,172
$315,684
$1,847,856
Currency translation and other
adjustments ..............................................
3,335
1,535
4,870
Measurement period adjustments (1) ........
—
(28,346)
(28,346)
Goodwill relating to acquisitions by
Tessellis .....................................................
—
8,578
8,578
Balance, at end of period .............................
$1,535,507
$297,451
$1,832,958
(1)Includes a $27.0 million measurement period adjustment recorded during the
first quarter of 2024 related to the OpNet acquisition. Refer to Note 4,
Business Acquisitions for further discussion.
Carrying values of goodwill by reporting unit:
$ in millions
August 31,
2025
November 30,
2024
Investment banking ..............................................................
$702.9
$700.7
Equities and wealth management ......................................
256.2
255.4
Fixed income .........................................................................
578.7
576.9
Asset management ..............................................................
143.0
143.0
Other investments .................................................................
159.6
151.9
Total ........................................................................................
$1,840.4
$1,827.9
Schedule of Finite-Lived Intangible Assets
August 31, 2025
Weighted
Average
Remaining
Lives
(Years)
$ in thousands
Gross
Cost
Assets
Acquired
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships .......................
$166,958
$622
$(114,341)
$53,239
5.1
Trademarks and trade names ............
161,280
—
(54,358)
106,922
20.9
Exchange and clearing organization
membership interests and
registrations ..........................................
8,781
—
—
8,781
N/A
Other ......................................................
87,469
99
(44,202)
43,366
3.6
Total .......................................................
$424,488
$721
$(212,901)
$212,308
November 30, 2024
Weighted
Average
Remaining
Lives
(Years)
$ in thousands
Gross
Cost
Assets
Acquired
(1)
Impairment
Losses
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships
$136,049
$26,450
$—
$(104,539)
$57,960
5.6
Trademarks and trade
names ..............................
146,032
8,533
—
(45,412)
109,153
21.4
Exchange and clearing
organization
membership interests
and registrations ............
8,715
—
(10)
—
8,705
N/A
Other ................................
50,930
26,316
—
(26,693)
50,553
3.9
Total ................................
$341,726
$61,299
$(10)
$(176,644)
$226,371
(1)Includes a $39.3 million measurement period adjustment recorded during the
first quarter of 2024 related to the OpNet acquisition. Refer to Note 4,
Business Acquisitions for further information.
Schedule of Indefinite-Lived Intangible Assets
August 31, 2025
Weighted
Average
Remaining
Lives
(Years)
$ in thousands
Gross
Cost
Assets
Acquired
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships .......................
$166,958
$622
$(114,341)
$53,239
5.1
Trademarks and trade names ............
161,280
—
(54,358)
106,922
20.9
Exchange and clearing organization
membership interests and
registrations ..........................................
8,781
—
—
8,781
N/A
Other ......................................................
87,469
99
(44,202)
43,366
3.6
Total .......................................................
$424,488
$721
$(212,901)
$212,308
November 30, 2024
Weighted
Average
Remaining
Lives
(Years)
$ in thousands
Gross
Cost
Assets
Acquired
(1)
Impairment
Losses
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships
$136,049
$26,450
$—
$(104,539)
$57,960
5.6
Trademarks and trade
names ..............................
146,032
8,533
—
(45,412)
109,153
21.4
Exchange and clearing
organization
membership interests
and registrations ............
8,715
—
(10)
—
8,705
N/A
Other ................................
50,930
26,316
—
(26,693)
50,553
3.9
Total ................................
$341,726
$61,299
$(10)
$(176,644)
$226,371
(1)Includes a $39.3 million measurement period adjustment recorded during the
first quarter of 2024 related to the OpNet acquisition. Refer to Note 4,
Business Acquisitions for further information.
Schedule of Future Amortization Expense Related to Intangible Assets Estimated future amortization expense for the next five fiscal
years (in thousands):
Remainder of fiscal year 2025 ................................................................
$12,953
Year ending November 30, 2026 ............................................................
33,652
Year ending November 30, 2027 ............................................................
29,988
Year ending November 30, 2028 ............................................................
28,672
Year ending November 30, 2029 ............................................................
16,280