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Revenue from Contracts with Clients (Tables)
 3 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
Three Months Ended December 31,
(in millions)20242023
Revenues from contracts with clients as a percentage of total revenues2.4 %3.2 %
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.
Three Months Ended December 31,
(in millions)20242023
Revenues from contracts with clients:
Commission and clearing fees:
Sales-based:
Exchange-traded futures and options$63.2 $51.4 
OTC derivative brokerage 2.8 2.8 
Equities and fixed income 15.1 16.5 
Mutual funds 0.8 0.7 
Insurance and annuity products 3.2 2.0 
Other 0.4 (0.1)
Total sales-based commission85.5 73.3 
Trailing:
Mutual funds3.4 3.0 
Insurance and annuity products4.0 3.7 
Total trailing commission7.4 6.7 
Clearing fees44.1 43.3 
Trade conversion fees2.2 4.0 
Other 10.1 2.4 
Total commission and clearing fees149.3 129.7 
Consulting, management, and account fees:
Underwriting fees0.3 — 
Asset management fees 14.8 11.4 
Advisory and consulting fees8.6 8.2 
Sweep program fees 11.6 11.4 
Client account fees 6.2 4.2 
Other 6.3 3.3 
Total consulting, management, and account fees47.8 38.5 
Sales of physical commodities:
Precious metals sales under ASC Topic 606466.0 459.2 
Total revenues from contracts with clients$663.1 $627.4 
Method of revenue recognition:
Point-in-time$620.7 $589.7 
Time elapsed42.4 37.7 
Total revenues from contracts with clients663.1 627.4 
Other sources of revenues
Physical precious metals under ASC Topic 81525,522.4 17,162.5 
Physical agricultural and energy products1,062.7 1,199.2 
Principal gains, net308.9 293.8 
Interest income 378.2 290.1 
Total revenues $27,935.3 $19,573.0 
Total revenues by primary geographic region:
United States $1,695.6 $1,603.5 
Europe782.5 658.4 
South America 168.0 128.0 
Middle East and Asia25,285.4 17,175.6 
Other 3.8 7.5 
Total revenues $27,935.3 $19,573.0 
Operating revenues by primary geographic region:
United States$659.1 $568.0 
Europe189.6 135.6 
South America35.9 41.2 
Middle East and Asia55.9 32.0 
Other3.8 7.4 
Total operating revenues$944.3 $784.2 
Schedule of Income and Expense The following table indicates the relevant income and expense:
Three Months Ended December 31,
(in millions)20242023
Dividend income on long equity positions$35.6 $20.2 
Dividend expense on short equity positions36.4 18.8 
Dividend (expense) income, net reported within Principal Gains, net$(0.8)$1.4