Revenue from Contracts with Clients (Tables)

12 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

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 (in millions):


	Year Ended September 30,
	2023		2022		2021
Revenues from contracts with clients:
Commission and clearing fees:
Sales-based:
Exchange-traded futures and options	$	214.1	$	210.7	$	190.6
OTC derivative brokerage	14.5		16.8		15.9
Equities and fixed income	57.8		62.9		60.5
Mutual funds	3.0		4.1		5.5
Insurance and annuity products	9.2		9.3		9.7
Other	3.4		3.1		2.3
Total sales-based commission	302.0		306.9		284.5
Trailing:
Mutual funds	12.4		14.1		14.5
Insurance and annuity products	14.2		16.0		17.0
Total trailing commission	26.6		30.1		31.5

Clearing fees	153.3		153.2		150.9
Trade conversion fees	8.5		11.5		11.2
Other	8.0		6.2		9.1
Total commission and clearing fees	498.4		507.9		487.2
Consulting, management, and account fees:
Underwriting fees	0.7		0.5		0.6
Asset management fees	45.1		43.9		38.3
Advisory and consulting fees	35.0		30.9		24.9
Sweep program fees	48.6		13.1		3.0
Client account fees	15.9		16.0		15.8
Other	13.7		6.9		8.4
Total consulting, management, and account fees	159.0		111.3		91.0
Sales of physical commodities:
Precious metals sales under ASC Topic 606	2,836.0		2,988.3		1,541.3
Total revenues from contracts with clients	$	3,493.4	$	3,607.5	$	2,119.5

Method of revenue recognition:
Point-in-time	$	3,338.1	$	3,489.5	$	2,021.8
Time elapsed	155.3		118.0		97.7
Total revenues from contracts with clients	3,493.4		3,607.5		2,119.5
Other sources of revenues
Physical precious metals under ASC Topic 815	50,979.5		57,404.3		37,250.4
Physical agricultural and energy products	4,315.7		3,660.0		2,169.9
Principal gains, net	1,079.9		1,145.2		892.0
Interest income	987.6		219.0		102.4
Total revenues	$	60,856.1	$	66,036.0	$	42,534.2

Schedule of Income and Expense

The following table indicates the relevant income and expense:


	Year Ended September 30,
(in millions)	2023		2022		2021
Dividend income on long equity positions	$	32.0	$	142.3	$	282.7
Dividend expense on short equity positions	33.3		134.0		281.3
Dividend (loss)/income net of dividend expense reported within Principal Gains, net	$	(1.3)	$	8.3	$	1.4