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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Trading income, net $ 529,060 $ 443,997 $ 1,771,839 $ 1,278,487
Interest and dividends income 127,419 125,229 364,878 338,287
Commissions, net and technology services 154,483 131,621 459,649 376,333
Other, net 13,827 5,993 65,865 49,557
Total revenue 824,789 706,840 2,662,231 2,042,664
Operating Expenses:        
Brokerage, exchange, clearance fees and payments for order flow, net 178,256 176,745 602,256 467,331
Communication and data processing 62,774 59,601 184,012 177,110
Employee compensation and payroll taxes 157,669 107,646 413,206 314,185
Interest and dividends expense 165,691 136,070 462,232 385,791
Operations and administrative 24,908 24,939 72,939 69,346
Depreciation and amortization 15,401 16,486 46,951 48,640
Amortization of purchased intangibles and acquired capitalized software 11,783 11,848 35,349 38,688
Termination of office leases (6,510) 17 (6,489) 50
Debt issue cost related to debt refinancing, prepayment and commitment fees 1,517 1,767 4,880 27,740
Transaction advisory fees and expenses 13 69 410 264
Financing interest expense on long-term borrowings 33,297 24,492 95,739 71,154
Total operating expenses 644,799 559,680 1,911,485 1,600,299
Income before income taxes and noncontrolling interest 179,990 147,160 750,746 442,365
Provision for income taxes 30,939 28,137 119,084 83,917
Net income 149,051 119,023 631,662 358,448
Noncontrolling interest (71,423) (59,071) (303,166) (176,093)
Net income available for common stockholders $ 77,628 $ 59,952 $ 328,496 $ 182,355
Earnings per share        
Basic (in dollars per share) $ 0.86 $ 0.65 $ 3.60 $ 1.95
Diluted (in dollars per share) $ 0.86 $ 0.64 $ 3.59 $ 1.95
Weighted average common shares outstanding        
Basic (in shares) 84,797,006 87,152,658 85,319,476 88,093,082
Diluted (in shares) 84,797,006 87,536,847 85,461,108 88,340,592
Net income $ 149,051 $ 119,023 $ 631,662 $ 358,448
Other comprehensive income        
Foreign exchange translation adjustment, net of taxes (2,715) 6,835 14,564 3,745
Net change in unrealized cash flow hedges gain (loss), net of taxes 264 (19,568) (748) (30,931)
Comprehensive income 146,600 106,290 645,478 331,262
Less: Comprehensive income attributable to noncontrolling interest (70,373) (54,083) (309,087) (164,990)
Comprehensive income attributable to common stockholders $ 76,227 $ 52,207 $ 336,391 $ 166,272
Revenue from contract with customer, product and service [Extensible Enumeration] Commissions, Net and Technology Services [Member] Commissions, Net and Technology Services [Member] Commissions, Net and Technology Services [Member] Commissions, Net and Technology Services [Member]