SEGMENT INFORMATION (Tables)

12 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Information by Segment and Geographical Area

The following table presents information concerning operations in these segments, inclusive of our acquisitions.

$ in millions	Private Client Group		Capital Markets		Asset Management		Bank		Other and intersegment eliminations		Total
Year ended September 30, 2025
Revenues:
Non-interest revenues (1)	$	9,814	$	1,758	$	1,175	$	61	$	(890)	$	11,918
Net interest income (2)	368		12		13		1,715		39		2,147
Net revenues	10,182		1,770		1,188		1,776		(851)		14,065
Non-interest expenses:
Compensation, commissions and benefits	7,384		1,128		229		184		147		9,072
Bank loan provision for credit losses	—		—		—		37		—		37
All other (1)	1,078		496		456		1,064		(852)		2,242
Total non-interest expense	8,462		1,624		685		1,285		(705)		11,351
Total pre-tax income/(loss)	$	1,720	$	146	$	503	$	491	$	(146)	$	2,714
Year ended September 30, 2024
Revenues:
Non-interest revenues (1)	$	9,098	$	1,466	$	1,013	$	60	$	(946)	$	10,691
Net interest income	361		6		14		1,656		93		2,130
Net revenues	9,459		1,472		1,027		1,716		(853)		12,821
Non-interest expenses:
Compensation, commissions and benefits	6,700		1,002		223		180		108		8,213
Bank loan provision for credit losses	—		—		—		45		—		45
All other (1)	974		403		383		1,111		(951)		1,920
Total non-interest expense	7,674		1,405		606		1,336		(843)		10,178
Total pre-tax income/(loss)	$	1,785	$	67	$	421	$	380	$	(10)	$	2,643
Year ended September 30, 2023
Revenues:
Non-interest revenues (1)	$	8,299	$	1,211	$	875	$	56	$	(1,197)	$	9,244
Net interest income	355		3		10		1,957		$	50	2,375
Net revenues	8,654		1,214		885		2,013		$	(1,147)	11,619
Non-interest expenses:
Compensation, commissions and benefits	5,927		902		198		177		95		7,299
Bank loan provision for credit losses	—		$	—	—		132		—		132
All other (1)	964		403		336		1,333		$	(1,128)	1,908
Total non-interest expense	6,891		1,305		534		1,642		$	(1,033)	9,339
Total pre-tax income/(loss)	$	1,763	$	(91)	$	351	$	371	$	(114)	$	2,280

(1)“Non-interest revenues” and “All other” non-interest expenses for the PCG and Bank segments, respectively, included $754 million, $824 million, and $1.09 billion of RJBDP fees paid to PCG for the years ended September 30, 2025, 2024, and 2023, respectively. Such fees were eliminated in consolidation.

(2)Effective October 1, 2024, we updated our methodology for allocating interest income on certain cash balances, resulting in a reallocation of interest income from the Other segment to the PCG segment. Prior-period segment results have not been conformed to the current-period presentation.

The following table presents our net revenues and pre-tax income/(loss) classified by major geographic area in which they were earned.

	Year ended September 30,
$ in millions	2025		2024		2023
Net revenues:
U.S.	$	12,871	$	11,728	$	10,609
Canada	645		599		563
Europe	549		494		447
Total net revenues	$	14,065	$	12,821	$	11,619
Pre-tax income/(loss):
U.S.	$	2,608	$	2,534	$	2,193
Canada	122		125		108
Europe	(16)		(16)		(21)
Total pre-tax income	$	2,714	$	2,643	$	2,280

The following table presents our total assets by major geographic area in which they were held.

	September 30,
$ in millions	2025		2024
Total assets:
U.S.	$	82,289	$	77,033
Canada	3,182		3,347
Europe	2,759		2,612
Total	$	88,230	$	82,992

Schedule of Total Assets by Segment

The following table presents our total assets on a segment basis.

	September 30,
$ in millions	2025		2024
Total assets:
Private Client Group	$	14,007	$	13,413
Capital Markets	3,426		3,518
Asset Management	632		616
Bank	65,263		62,367
Other	4,902		3,078
Total	$	88,230	$	82,992