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Revenue from Contracts with Clients (Tables)

12 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table represents a disaggregation of the Company’s total revenues separated between revenues from contracts with clients and other sources of revenue for the periods indicated (in millions):

			Year Ended September 30,
			2024						2023						2022
Revenues from contracts with clients:
Commission and clearing fees:
Sales-based:
Exchange-traded futures and options			$	226.1					$	214.1					$	210.7
OTC derivative brokerage			11.3						14.5						16.8
Equities and fixed income			65.9						57.8						62.9
Mutual funds			3.1						3.0						4.1
Insurance and annuity products			11.0						9.2						9.3
Other			—						3.4						3.1
Total sales-based commission			317.4						302.0						306.9
Trailing:
Mutual funds			12.7						12.4						14.1
Insurance and annuity products			15.2						14.2						16.0
Total trailing commission			27.9						26.6						30.1
Clearing fees			180.2						153.3						153.2
Trade conversion fees			13.1						8.5						11.5
Other			9.4						8.0						6.2
Total commission and clearing fees			548.0						498.4						507.9
Consulting, management, and account fees:
Underwriting fees			0.4						0.7						0.5
Asset management fees			50.9						45.1						43.9
Advisory and consulting fees			38.2						35.0						30.9
Sweep program fees			44.4						48.6						13.1
Client account fees			19.8						15.9						16.0
Other			13.5						13.7						6.9
Total consulting, management, and account fees			167.2						159.0						111.3
Sales of physical commodities:
Precious metals sales under ASC Topic 606			1,500.7						2,836.0						2,988.3
Total revenues from contracts with clients			$	2,215.9					$	3,493.4					$	3,607.5
Method of revenue recognition:
Point-in-time			$	2,054.5					$	3,338.1					$	3,489.5
Time elapsed			161.4						155.3						118.0
Total revenues from contracts with clients			2,215.9						3,493.4						3,607.5
Other sources of revenues
Physical precious metals under ASC Topic 815			91,241.1						50,979.5						57,404.3
Physical agricultural and energy products			3,844.4						4,315.7						3,660.0
Principal gains, net			1,189.6						1,079.9						1,145.2
Interest income			1,396.8						987.6						219.0
Total revenues			$	99,887.8					$	60,856.1					$	66,036.0

Schedule of Income and Expense

The following table indicates the relevant income and expense:

			Year Ended September 30,
(in millions)			2024						2023						2022
Dividend income on long equity positions			$	192.3					$	32.0					$	142.3
Dividend expense on short equity positions			191.2						33.3						134.0
Dividend income/(loss) net of dividend expense reported within Principal Gains, net			$	1.1					$	(1.3)					$	8.3

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
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