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Consolidated Income Statements - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2023
Revenues:      
Total revenues $ 132,378.2 $ 99,887.8 $ 60,856.1
Cost of sales of physical commodities 128,251.3 96,451.6 57,942.0
Operating revenues 4,126.9 3,436.2 2,914.1
Transaction-based clearing expenses 382.2 319.3 271.8
Introducing broker commissions 211.4 166.2 161.6
Interest expense 1,402.7 1,115.7 802.2
Interest expense on corporate funding 77.8 67.8 57.5
Net operating revenues 2,052.8 1,767.2 1,621.0
Compensation and other expenses:      
Compensation and benefits 1,107.7 942.4 868.6
Trading systems and market information 83.1 79.1 74.0
Professional fees 86.3 69.7 57.0
Non-trading technology and support 87.3 73.4 61.6
Occupancy and equipment rental 55.7 49.0 40.4
Selling and marketing 50.5 52.6 54.0
Travel and business development 33.0 28.4 24.8
Communications 9.3 8.5 9.1
Depreciation and amortization 67.5 53.1 51.0
Bad debts, net of recoveries 3.1 0.6 16.5
Other 66.0 65.1 66.4
Total compensation and other expenses 1,649.5 1,421.9 1,323.4
Gain on acquisitions and other gains, net 5.5 8.8 25.4
Income before tax 408.8 354.1 323.0
Income tax expense 102.9 93.3 84.5
Net income $ 305.9 $ 260.8 $ 238.5
Earnings per share:      
Basic (in dollar per share) $ 6.22 $ 5.49 $ 5.14
Diluted (in dollar per share) $ 5.89 $ 5.31 $ 4.97
Weighted-average number of common shares outstanding:      
Basic (in shares) 47,431,675 45,808,855 44,904,000
Diluted (in shares) 50,124,502 47,437,543 46,393,516
Sales of physical commodities      
Revenues:      
Total revenues $ 128,462.6 $ 96,586.2 $ 58,131.2
Principal gains, net      
Revenues:      
Total revenues 1,247.2 1,189.6 1,079.9
Commission and clearing fees      
Revenues:      
Total revenues 728.2 548.0 498.4
Consulting, management, and account fees      
Revenues:      
Total revenues 205.9 167.2 159.0
Interest income      
Revenues:      
Total revenues $ 1,734.3 $ 1,396.8 $ 987.6