Revenue from Contracts with Clients (Tables)

9 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

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)	2022		2021		2022		2021
Revenues from contracts with clients:
Commission and clearing fees:
Sales-based:
Exchange-traded futures and options	$	53.1	$	51.8	$	155.4	$	147.5
OTC derivative brokerage	4.0		3.8		13.3		12.2
Equities and fixed income	15.4		13.2		47.1		47.0
Mutual funds	1.0		1.4		3.4		4.1
Insurance and annuity products	2.2		2.2		7.4		6.8
Other	0.6		0.9		2.3		1.2
Total sales-based commission	76.3		73.3		228.9		218.8
Trailing:
Mutual funds	3.4		3.7		10.9		10.6
Insurance and annuity products	3.9		4.4		12.5		12.5
Total trailing commission	7.3		8.1		23.4		23.1
Clearing fees	38.8		37.4		115.8		115.3
Trade conversion fees	3.0		3.2		9.0		8.9
Other	1.5		2.0		4.5		7.1
Total commission and clearing fees	126.9		124.0		381.6		373.2
Consulting, management, and account fees:
Underwriting fees	0.1		0.2		0.4		0.6
Asset management fees	11.5		9.8		33.5		27.8
Advisory and consulting fees	8.2		6.3		23.2		18.9
Sweep program fees	2.5		0.6		3.5		2.2
Client account fees	3.8		3.6		11.8		11.5
Other	1.6		1.8		4.8		6.4
Total consulting, management, and account fees	27.7		22.3		77.2		67.4
Sales of physical commodities:
Precious metals sales	696.0		470.0		2,283.3		994.3
Total revenues from contracts with clients	$	850.6	$	616.3	$	2,742.1	$	1,434.9
Method of revenue recognition:
Point-in-time	$	821.1	$	591.5	$	2,658.5	$	1,362.9
Time elapsed	29.5		24.8		83.6		72.0
Total revenues from contracts with clients	850.6		616.3		2,742.1		1,434.9
Other sources of revenues
Physical precious metals trading	16,808.1		8,817.1		43,334.7		26,997.4
Physical agricultural and energy product trading	926.9		498.8		2,596.1		1,482.0
Principal gains, net	295.2		232.1		869.8		700.7
Interest income	50.1		27.8		112.3		72.4
Total revenues	$	18,930.9	$	10,192.1	$	49,655.0	$	30,687.4
Total revenues by primary geographic region:
United States	$	1,278.3	$	808.2	$	3,607.6	$	2,420.7
Europe	813.1		542.7		2,631.3		1,205.2
South America	21.7		20.2		63.0		49.3
Middle East and Asia	16,814.7		8,818.7		43,345.4		27,005.8
Other	3.1		2.3		7.7		6.4
Total revenues	$	18,930.9	$	10,192.1	$	49,655.0	$	30,687.4
Operating revenues by primary geographic region:
United States	$	354.7	$	310.3	$	1,023.3	$	946.2
Europe	125.8		77.2		364.8		224.8
South America	21.7		19.9		63.0		49.0
Middle East and Asia	23.5		21.6		65.3		56.4
Other	3.1		2.5		7.6		6.6
Total operating revenues	$	528.8	$	431.5	$	1,524.0	$	1,283.0