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Securities and Commodity Financing Transactions (Tables)

12 Months Ended

Sep. 30, 2025

Broker-Dealer [Abstract]

Schedule of Carrying Value of Repurchase Agreements, and Securities Lending Agreements by Remaining Contractual Maturity

The following tables set forth the carrying value of repurchase agreements, and securities lending agreements by remaining contractual maturity (in millions):

			September 30, 2025
			Overnight and Open			Less than 30 Days			30-90 Days			Over 90 Days			Total
Securities sold under agreements to repurchase			$	26,173.4		$	3,128.5		$	180.4		$	41.4		$	29,523.7
Securities loaned			2,550.8			—			—			—			2,550.8
Gross amount of secured financing			$	28,724.2		$	3,128.5		$	180.4		$	41.4		$	32,074.5

			September 30, 2024
			Overnight and Open			Less than 30 Days			30-90 Days			Over 90 Days			Total
Securities sold under agreements to repurchase			$	15,260.8		$	585.4		$	631.0		$	50.7		$	16,527.9
Securities loaned			1,615.9			—			—			—			1,615.9
Gross amount of secured financing			$	16,876.7		$	585.4		$	631.0		$	50.7		$	18,143.8

Schedule of Carrying Value of Repurchase Agreements and Securities Lending Agreements by Class of Collateral Pledged and Netting of Securities Purchased Under Agreements

The following table sets forth the carrying value of repurchase agreements and securities lending agreements by class of collateral pledged (in millions):

			September 30,
Securities sold under agreements to repurchase			2025						2024
U.S. Treasury obligations			$	19,311.9					$	9,673.7
U.S. government agency obligations and municipal bonds			804.3						652.0
Asset-backed obligations			55.0						136.1
Agency mortgage-backed obligations			7,521.4						5,079.6
Foreign government obligations			881.4						649.6
Corporate bonds			949.7						336.9
Total securities sold under agreement to repurchase			$	29,523.7					$	16,527.9
Securities loaned
Equity securities			$	2,550.8					$	1,615.9
Total securities loaned			2,550.8						1,615.9
Gross amount of secured financing			$	32,074.5					$	18,143.8

The following tables provide the netting of securities purchased under agreements to resell, securities sold under agreements to repurchase, securities borrowed and securities loaned as of the periods indicated (in millions):

			September 30, 2025
Offsetting of collateralized transactions:			Gross Amounts Recognized			Amounts Offset in the Consolidated Balance Sheet			Net Amounts Presented in the Consolidated Balance Sheet
Securities purchased under agreements to resell			$	26,298.1		$	(15,972.7)		$	10,325.4
Securities borrowed			$	2,743.1		$	—		$	2,743.1
Securities sold under agreements to repurchase			$	29,523.7		$	(15,972.7)		$	13,551.0
Securities loaned			$	2,550.8		$	—		$	2,550.8

			September 30, 2024
Offsetting of collateralized transactions:			Gross Amounts Recognized			Amounts Offset in the Consolidated Balance Sheet			Net Amounts Presented in the Consolidated Balance Sheet
Securities purchased under agreements to resell			$	13,148.1		$	(7,946.6)		$	5,201.5
Securities borrowed			$	1,662.3		$	—		$	1,662.3
Securities sold under agreements to repurchase			$	16,527.9		$	(7,946.6)		$	8,581.3
Securities loaned			$	1,615.9		$	—		$	1,615.9

Schedule of Carrying Value of Collateral Pledged, Received and Repledged

The following table sets forth the fair value, which approximates carrying value because of the short term nature, of collateral pledged, received and repledged (in millions):

			September 30, 2025						September 30, 2024
Securities pledged or repledged to cover collateral requirements for tri-party arrangements			$	9,757.7					$	6,777.9
Securities received as collateral that may be repledged			$	32,452.0					$	20,126.8
Securities received as collateral that are subject to segregation rules			$	1,739.3					$	—
Securities received as collateral that may be repledged covering securities sold short			$	1,965.1					$	2,408.3
Repledged securities borrowed and client securities held under custodial clearing arrangements to collateralize securities loaned agreements			$	2,491.4					$	1,533.3

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- References

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- Definition

Tabular disclosure of customer securities accepted by the entity as collateral and re-pledged to counterparties as collateral or sold, including sources and uses of collateral, fair value of collateral and portion of that collateral that has been sold or re-pledged.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 860
-SubTopic 30
-Section 50
-Paragraph 1A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-1A

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- Definition

Tabular disclosure of financial instruments held by the entity for its own account for trading or investment purposes that are carried at fair value and pledged to counterparties as collateral for financing transactions. Description may include equity, fixed income, debt or other securities.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481444/860-30-45-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Section 50
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-Publisher FASB
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Tabular disclosure, as of the most recent balance sheet date, of securities or other assets sold under repurchase agreements when this amount exceeds 10 percent of total assets. Disclosure may include the following: the type of securities or assets sold under agreements to repurchase, the carrying amount, market value (including accrued interest plus any cash or other assets on deposit. The information is segregated into securities maturing (1) overnight; (2) term up to 30 days; (3) term of 30 to 90 days; (4) term over 90 days; (5) demand.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

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