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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Cash flows from operating activities:    
Net earnings $ 159,346 $ 136,849
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 41,335 32,995
Impairment of assets 65,413 0
Share-based compensation 50,672 35,637
Net bad debt expense 14,427 7,493
Income on investments in and loans to related parties (24,474) (7,052)
Distributions received on investments in related parties 21,173 16,142
Other adjustments 118,761 (44,419)
Receivables:    
Brokers, dealers and clearing organizations 547,515 (877,505)
Customers (544,527) 32,699
Fees, interest and other 7,851 (47,567)
Securities borrowed 619,155 (1,198,188)
Financial instruments owned (357,809) (2,271,617)
Securities purchased under agreements to resell 664,567 (1,976,348)
Other assets (305,830) (236,583)
Payables:    
Brokers, dealers and clearing organizations (1,308,863) 546,020
Customers 134,119 48,413
Securities loaned 149,785 (30,136)
Financial instruments sold, not yet purchased 1,139,710 3,027,469
Securities sold under agreements to repurchase (1,776,125) 1,359,656
Lease liabilities (17,783) (21,429)
Accrued expenses and other liabilities (1,135,709) (1,197,694)
Net cash used in operating activities (1,737,291) (2,665,165)
Cash flows from investing activities:    
Contributions to investments in and loans to related parties (64,830) (21,949)
Capital distributions from investments and repayments of loans from related parties 426 13,752
Net payments on premises and equipment (64,861) (49,578)
Net cash used in investing activities (129,265) (57,775)
Cash flows from financing activities:    
Proceeds from short-term borrowings 2,081,271 3,253,704
Payments on short-term borrowings (1,916,779) (2,662,000)
Proceeds from issuance of long-term debt, net of issuance costs 2,570,746 1,536,928
Repayment of long-term debt (1,239,142) (188,890)
Purchase of common shares for treasury (174,303) (56,318)
Dividends paid to common and preferred shareholders (92,791) (92,735)
Net proceeds from (payments on) other secured financings (600,057) 98,941
Net change in bank overdrafts (8,400) 137,305
Proceeds from contributions of noncontrolling interests 119 104
Payments on distributions to noncontrolling interests (1,518) (2,795)
Other 7,956 1,916
Net cash provided by (used in) financing activities from continuing operations 627,102 2,026,160
Supplemental Cash Flow Elements    
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (152) (8,062)
Change in cash, cash equivalents, and restricted cash reclassified from (to) assets held for sale (6,266) 0
Net decrease in cash, cash equivalents, and restricted cash (1,239,606) (704,842)
Cash, cash equivalents, and restricted cash at beginning of period 14,961,586 13,165,612
Cash, cash equivalents, and restricted cash at end of period 13,715,714 12,460,770
Cash paid during the period for:    
Interest 831,330 845,673
Income taxes, net 37,848 $ 9,089
Non-cash investing activities related to donated land with a fair market value $ 5,700