Revenues from Contracts with Customers (Tables)

9 Months Ended

Aug. 31, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following presents our revenues from contracts with customers disaggregated by major business activity and primary geographic regions (in thousands):

	Three Months Ended August 31,												Nine Months Ended August 31,
	2020						2019						2020						2019
	Reportable Segment						Reportable Segment						Reportable Segment						Reportable Segment
	Investment Banking and Capital Markets		Asset Management		Total		Investment Banking and Capital Markets		Asset Management		Total		Investment Banking and Capital Markets		Asset Management		Total		Investment Banking and Capital Markets		Asset Management		Total
Major business activity:
Equities (1)	$	201,157	$	—	$	201,157	$	167,528	$	—	$	167,528	$	614,089	$	—	$	614,089	$	483,771	$	—	$	483,771
Fixed income (1)	3,156		—		3,156		3,475		—		3,475		13,026		—		13,026		10,072		—		10,072
Investment banking - Advisory	171,438		—		171,438		213,350		—		213,350		696,677		—		696,677		572,386		—		572,386
Investment banking - Underwriting	444,399		—		444,399		199,183		—		199,183		898,653		—		898,653		555,830		—		555,830
Asset management	—		1,613		1,613		—		3,340		3,340		—		8,254		8,254		—		14,559		14,559
Total	$	820,150	$	1,613	$	821,763	$	583,536	$	3,340	$	586,876	$	2,222,445	$	8,254	$	2,230,699	$	1,622,059	$	14,559	$	1,636,618
Primary geographic region:
Americas	$	684,441	$	244	$	684,685	$	476,983	$	1,937	$	478,920	$	1,858,137	$	1,790	$	1,859,927	$	1,288,046	$	8,818	$	1,296,864
Europe	90,132		1,369		91,501		88,890		1,403		90,293		237,652		6,464		244,116		280,605		5,741		286,346
Asia	45,577		—		45,577		17,663		—		17,663		126,656		—		126,656		53,408		—		53,408
Total	$	820,150	$	1,613	$	821,763	$	583,536	$	3,340	$	586,876	$	2,222,445	$	8,254	$	2,230,699	$	1,622,059	$	14,559	$	1,636,618

(1)

Revenues from contracts with customers associated with the equities and fixed income businesses primarily represent commissions and other fee revenue.

The following table presents our total revenues separated for our revenues from contracts with customers and our other sources of revenues (in thousands):

	Three Months Ended   August 31,				Nine Months Ended   August 31,
	2020		2019		2020			2019
Revenues from contracts with customers:
Commissions and other fees	$	204,313	$	171,003	$	627,115		$	493,843
Investment banking	615,837		412,533		1,595,330			1,128,216
Asset management fees	1,613		3,340		8,254			14,559
Total revenue from contracts with customers	821,763		586,876		2,230,699			1,636,618
Other sources of revenue:
Principal transactions	560,665		148,873		1,399,850			632,002
Revenues from arrangements with strategic partners	5,159		880		14,814			1,791
Interest	195,960		383,596		702,569			1,163,022
Other	11,526		21,406		(6,020		)	77,563
Total revenues	$	1,595,073	$	1,141,631	$	4,341,912		$	3,510,996