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Condensed Consolidated Income Statements - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Revenues $ 15,047.9 $ 18,930.9 $ 44,220.5 $ 49,655.0
Cost of sales of physical commodities 14,271.0 18,402.1 42,084.4 48,131.0
Operating revenues 776.9 528.8 2,136.1 1,524.0
Transaction-based clearing expenses 66.7 74.7 203.2 222.1
Introducing broker commissions 43.4 41.2 122.4 122.7
Interest expense 216.0 28.1 549.0 57.9
Interest expense on corporate funding 14.9 10.7 44.2 33.1
Net operating revenues 435.9 374.1 1,217.3 1,088.2
Compensation and other expenses:        
Compensation and benefits 226.6 202.2 658.1 584.3
Trading systems and market information 19.4 16.0 54.9 49.0
Professional fees 13.9 13.2 41.1 38.9
Non-trading technology and support 13.7 12.9 44.7 38.7
Occupancy and equipment rental 10.0 9.2 29.5 26.7
Selling and marketing 13.7 16.0 40.8 41.3
Travel and business development 6.2 4.9 17.7 10.8
Communications 2.4 2.0 6.7 6.0
Depreciation and amortization 13.8 11.7 39.6 32.1
Bad debts, net of recoveries 6.3 (0.7) 10.0 11.4
Other 15.4 15.8 50.1 44.6
Total compensation and other expenses 341.4 303.2 993.2 883.8
Gain on acquisition and other gain 0.0 0.0 23.5 6.4
Income before tax 94.5 70.9 247.6 210.8
Income tax expense 25.0 21.8 59.8 56.0
Net income $ 69.5 $ 49.1 $ 187.8 $ 154.8
Earnings per share:        
Basic (in dollar per shares) $ 3.35 $ 2.42 $ 9.12 $ 7.69
Diluted (in dollar per shares) $ 3.25 $ 2.37 $ 8.82 $ 7.52
Weighted-average number of common shares outstanding:        
Basic (in shares) 20,040,167 19,634,450 19,913,424 19,529,843
Diluted (in shares) 20,654,300 20,109,992 20,578,315 19,984,898
Sales of physical commodities        
Revenues:        
Revenues $ 14,319.2 $ 18,431.0 $ 42,228.8 $ 48,214.1
Principal gains, net        
Revenues:        
Revenues 300.0 295.2 810.8 869.8
Commission and clearing fees        
Revenues:        
Revenues 126.8 126.9 375.5 381.6
Consulting, management, and account fees        
Revenues:        
Revenues 39.2 27.7 119.7 77.2
Interest income        
Revenues:        
Revenues $ 262.7 $ 50.1 $ 685.7 $ 112.3