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Revenue from Contracts with Clients (Tables)
 9 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
Three Months Ended June 30,Nine Months Ended June 30,
(in millions)2025202420252024
Revenues from contracts with clients as a percentage of total revenues2.4 %2.1 %2.3 %2.5 %
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 June 30,Nine Months Ended June 30,
(in millions)2025202420252024
Revenues from contracts with clients:
Commission and clearing fees:
Sales-based:
Exchange-traded futures and options$72.8 $59.4 $207.0 $166.6 
OTC derivative brokerage 2.9 2.8 8.2 8.6 
Equities and fixed income 16.5 17.8 46.6 48.8 
Mutual funds 0.7 0.8 2.3 2.4 
Insurance and annuity products 2.8 2.4 9.3 8.1 
Other 0.3 — 1.1 0.1 
Total sales-based commission96.0 83.2 274.5 234.6 
Trailing:
Mutual funds3.3 3.2 10.2 9.4 
Insurance and annuity products3.9 3.9 11.9 11.3 
Total trailing commission7.2 7.1 22.1 20.7 
Clearing fees49.1 47.2 141.2 135.9 
Trade conversion fees2.5 3.3 8.1 10.8 
Other 11.2 2.2 33.7 6.9 
Total commission and clearing fees166.0 143.0 479.6 408.9 
Consulting, management, and account fees:
Underwriting fees0.3 0.1 0.8 0.2 
Asset management fees 17.1 13.3 46.3 37.0 
Advisory and consulting fees7.8 12.4 25.6 29.6 
Sweep program fees 10.7 10.7 33.7 33.4
Client account fees 7.4 4.6 20.1 13.1 
Other 2.9 4.2 11.8 10.7 
Total consulting, management, and account fees46.2 45.3 138.3 124.0 
Sales of physical commodities:
Precious metals sales under ASC Topic 606639.0 383.5 1,716.8 1,175.5 
Total revenues from contracts with clients$851.2 $571.8 $2,334.7 $1,708.4 
Method of revenue recognition:
Point-in-time$808.4 $528.3 $2,207.0 $1,587.7 
Time elapsed42.8 43.5 127.7 120.7 
Total revenues from contracts with clients851.2 571.8 2,334.7 1,708.4 
Other sources of revenues
Physical precious metals under ASC Topic 81532,102.3 25,030.2 91,857.9 62,259.7 
Physical agricultural and energy products1,098.6 782.5 3,308.9 2,903.8 
Principal gains, net334.0 305.6 943.4 881.2 
Interest income 442.7 379.6 1,209.9 995.7 
Total revenues $34,828.8 $27,069.7 $99,654.8 $68,748.8 
Total revenues by primary geographic region:
United States $1,930.5 $1,400.2 $5,594.9 $4,411.4 
Europe900.2 618.9 2,446.2 1,837.5 
South America 106.5 118.5 411.5 351.5 
Middle East and Asia31,877.0 24,923.7 91,191.9 62,124.4 
Other 14.6 8.4 10.3 24.0 
Total revenues $34,828.8 $27,069.7 $99,654.8 $68,748.8 
Operating revenues by primary geographic region:
United States$733.1 $657.9 $2,097.1 $1,815.9 
Europe175.4 162.5 484.3 459.2 
South America46.2 43.5 131.2 109.9 
Middle East and Asia55.0 41.4 175.9 107.1 
Other14.6 8.4 36.1 24.0 
Total operating revenues$1,024.3 $913.7 $2,924.6 $2,516.1 
Schedule of Income and Expense The following table indicates the relevant income and expense:
Three Months Ended June 30,Nine Months Ended June 30,
(in millions)2025202420252024
Dividend income on long equity positions$35.8 $77.7 $108.7 $163.7 
Dividend expense on short equity positions37.8 79.1 109.4 162.6 
Dividend (loss)/income, net reported within Principal gains, net
$(2.0)$(1.4)$(0.7)$1.1