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Condensed Consolidated Income Statements - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Principal gains, net $ 295.2 $ 232.1 $ 869.8 $ 700.7
Revenue from contract with customer 850.6 616.3 2,742.1 1,434.9
Interest income 50.1 27.8 112.3 72.4
Total revenues 18,930.9 10,192.1 49,655.0 30,687.4
Cost of sales of physical commodities 18,402.1 9,760.6 48,131.0 29,404.4
Operating revenues 528.8 431.5 1,524.0 1,283.0
Transaction-based clearing expenses 74.7 67.1 222.1 207.3
Introducing broker commissions 41.2 41.8 122.7 120.8
Interest expense 28.1 14.5 57.9 35.5
Interest expense on corporate funding 10.7 10.1 33.1 31.1
Net operating revenues 374.1 298.0 1,088.2 888.3
Compensation and other expenses:        
Compensation and benefits 202.2 177.3 584.3 515.9
Trading systems and market information 16.0 14.4 49.0 42.9
Professional fees 13.2 9.5 38.9 27.8
Non-trading technology and support 12.9 11.3 38.7 32.8
Occupancy and equipment rental 9.2 9.7 26.7 25.8
Selling and marketing 16.0 8.1 41.3 23.4
Travel and business development 4.9 1.3 10.8 2.8
Communications 2.0 2.3 6.0 7.0
Depreciation and amortization 11.7 9.7 32.1 26.7
Bad debt (recovery) expense, net (0.7) 1.3 11.4 3.7
Other 15.8 10.7 44.6 33.9
Total compensation and other expenses 303.2 255.6 883.8 742.7
Other gain 0.0 3.6 6.4 3.6
Income before tax 70.9 46.0 210.8 149.2
Income tax expense 21.8 11.8 56.0 40.2
Net income $ 49.1 $ 34.2 $ 154.8 $ 109.0
Earnings per share:        
Basic (in dollar per shares) $ 2.42 $ 1.72 $ 7.69 $ 5.53
Diluted (in dollar per shares) $ 2.37 $ 1.67 $ 7.52 $ 5.38
Weighted-average number of common shares outstanding:        
Basic (in shares) 19,634,450 19,255,452 19,529,843 19,102,244
Diluted (in shares) 20,109,992 19,855,226 19,984,898 19,669,397
Sales of physical commodities        
Revenues:        
Sales of physical commodities $ 18,431.0 $ 9,785.9 $ 48,214.1 $ 29,473.7
Commission and clearing fees        
Revenues:        
Revenue from contract with customer 126.9 124.0 381.6 373.2
Consulting, management, and account fees        
Revenues:        
Revenue from contract with customer $ 27.7 $ 22.3 $ 77.2 $ 67.4