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Revenues from Contracts with Customers (Tables)

3 Months Ended

Feb. 28, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue


	Three Months Ended February 28,
$ in thousands	2026	2025
Revenues from contracts with customers:
Investment banking ..........................................................	$1,014,955	$725,661
Commissions and other fees .........................................	361,073	287,965
Asset management fees ..................................................	6,899	45,808
Real estate revenues ........................................................	2,246	11,081
Internet connection and broadband revenues .............	52,412	57,804
Other contracts with customers .....................................	18,064	16,107
Total revenue from contracts with customers ............	1,455,649	1,144,426
Other sources of revenue:
Principal transactions ......................................................	487,498	407,230
Revenues from strategic affiliates .................................	69,292	43,449
Interest ...............................................................................	813,119	845,171
Other ..................................................................................	45,707	32,588
Total revenues ..................................................................	$2,871,265	$2,472,864


	Three Months Ended February 28, 2026
$ in thousands	Investment Banking and Capital Markets	Asset Management	Total
Major business activity:
Investment banking - Advisory ................	$527,128	$—	$527,128
Investment banking - Underwriting .........	487,827	—	487,827
Equities (1) .................................................	359,381	—	359,381
Fixed income (1) ........................................	1,692	—	1,692
Asset management ...................................	—	6,899	6,899
Other investments .....................................	—	72,722	72,722
Total ............................................................	$1,376,028	$79,621	$1,455,649
Primary geographic region:
Americas .....................................................	$1,042,946	$25,226	$1,068,172
Europe and the Middle East .....................	237,296	53,523	290,819
Asia-Pacific ................................................	95,786	872	96,658
Total ............................................................	$1,376,028	$79,621	$1,455,649


	Three Months Ended February 28, 2025
$ in thousands	Investment Banking and Capital Markets	Asset Management	Total
Major business activity:
Investment banking - Advisory ................	$397,780	$—	$397,780
Investment banking - Underwriting .........	327,881	—	327,881
Equities (1) .................................................	286,050	—	286,050
Fixed income (1) ........................................	1,915	—	1,915
Asset management ...................................	—	45,808	45,808
Other investments ....................................	—	84,992	84,992
Total ............................................................	$1,013,626	$130,800	$1,144,426
Primary geographic region:
Americas .....................................................	$748,675	$71,070	$819,745
Europe and the Middle East ....................	173,121	58,794	231,915
Asia-Pacific ................................................	91,830	936	92,766
Total ............................................................	$1,013,626	$130,800	$1,144,426

(1)Revenues from contracts with customers associated with the equities and

fixed income businesses primarily represent commissions and other fee

revenue.