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Condensed Consolidated Income Statements (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenues:    
Total revenues $ 27,935.3 $ 19,573.0
Cost of sales of physical commodities 26,991.0 18,788.8
Operating revenues 944.3 784.2
Transaction-based clearing expenses 86.5 74.3
Introducing broker commissions 44.3 39.1
Interest expense 306.2 236.0
Interest expense on corporate funding 15.2 13.2
Net operating revenues 492.1 421.6
Compensation and other expenses:    
Compensation and benefits 252.5 218.1
Trading systems and market information 20.0 18.7
Professional fees 19.0 15.7
Non-trading technology and support 19.7 16.9
Occupancy and equipment rental 13.0 7.7
Selling and marketing 12.0 11.7
Travel and business development 8.4 7.1
Communications 2.1 2.2
Depreciation and amortization 15.7 11.2
Bad debts (recoveries), net 1.8 (0.3)
Other 16.7 16.9
Total compensation and other expenses 380.9 325.9
Other gains 5.7 0.0
Income before tax 116.9 95.7
Income tax expense 31.8 26.6
Net income $ 85.1 $ 69.1
Earnings per share:    
Basic (in dollars per share) $ 2.66 $ 2.20
Diluted (in dollars per share) $ 2.54 $ 2.13
Weighted-average number of common shares outstanding:    
Basic (in shares) 30,976,042 30,233,107
Diluted (in shares) 32,444,772 31,274,307
Sales of physical commodities    
Revenues:    
Total revenues $ 27,051.1 $ 18,820.9
Principal gains, net    
Revenues:    
Total revenues 308.9 293.8
Commission and clearing fees    
Revenues:    
Total revenues 149.3 129.7
Consulting, management, and account fees    
Revenues:    
Total revenues 47.8 38.5
Interest income    
Revenues:    
Total revenues $ 378.2 $ 290.1