Revenues from Contracts with Customers (Tables)

12 Months Ended

Nov. 30, 2020

Revenue from Contract with Customer [Abstract]

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


	Year Ended November 30,
	2020		2019		2018
Revenues from contracts with customers:
Commissions and other fees	$	823,258	$	676,309	$	663,470
Investment banking	2,501,494		1,528,729		1,910,203
Asset management fees	9,187		17,219		21,214
Total revenue from contracts with customers	3,333,939		2,222,257		2,594,887
Other sources of revenue:
Principal transactions	1,867,013		769,258		524,296
Revenues from third-parties with strategic relationships pursuant to arrangements	19,507		3,066		—
Interest	894,215		1,496,529		1,207,095
Other	37,632		93,422		103,354
Total revenues	$	6,152,306	$	4,584,532	$	4,429,632

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


	Year Ended November 30,
	2020						2019						2018
	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
Major business activity:
Investment banking - Advisory	$	1,053,500	$	—	$	1,053,500	$	767,421	$	—	$	767,421	$	820,042	$	—	$	820,042
Investment banking - Underwriting	1,447,994		—		1,447,994		761,308		—		761,308		1,090,161		—		1,090,161
Equities (1)	807,350		—		807,350		662,804		—		662,804		649,631		—		649,631
Fixed income (1)	15,908		—		15,908		13,505		—		13,505		13,839		—		13,839
Asset management	—		9,187		9,187		—		17,219		17,219		—		21,214		21,214
Total	$	3,324,752	$	9,187	$	3,333,939	$	2,205,038	$	17,219	$	2,222,257	$	2,573,673	$	21,214	$	2,594,887
Primary geographic region:
Americas	$	2,742,298	$	4,239	$	2,746,537	$	1,751,568	$	10,472	$	1,762,040	$	2,186,955	$	20,871	$	2,207,826
Europe	401,853		4,948		406,801		374,411		6,747		381,158		304,027		343		304,370
Asia Pacific	180,601		—		180,601		79,059		—		79,059		82,691		—		82,691
Total	$	3,324,752	$	9,187	$	3,333,939	$	2,205,038	$	17,219	$	2,222,257	$	2,573,673	$	21,214	$	2,594,887

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