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Related Party Transactions - Schedule of Related Party Transactions (Details) - USD ($)
$ in Thousands
12 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2022
Assets      
Cash and cash equivalents $ 12,153,414 $ 8,526,363  
Financial instruments owned, at fair value 24,138,274 21,747,473  
Securities borrowed 7,213,421 7,192,091  
Securities purchased under agreements to resell 6,179,653 5,950,549  
Receivables:      
Brokers, dealers and clearing organizations 2,666,591 2,380,732  
Fees, interest and other 663,536 630,142  
Other assets 3,072,302 2,650,640  
Total assets 64,360,309 57,905,161  
Liabilities      
Financial instruments sold, not yet purchased, at fair value 11,007,328 11,251,154  
Securities loaned 2,540,861 1,840,518  
Securities sold under agreements to repurchase 12,337,935 10,920,606  
Payables:      
Brokers, dealers and clearing organizations 3,686,367 3,737,810  
Accrued expenses and other liabilities 3,510,831 2,546,211  
Long-term debt 13,530,565 9,698,752  
Total liabilities 54,134,916 48,102,620  
Revenues      
Revenues 10,515,069 7,441,399 $ 7,149,263
Interest expense 3,480,266 2,740,982 1,170,425
Net revenues 7,034,803 4,700,417 5,978,838
Non-interest expenses      
Business development 283,459 177,541 150,500
Total non-interest expenses 6,029,257 4,346,148 4,923,276
Principal transactions      
Revenues      
Revenues 1,816,963 1,413,283 833,757
Commissions and other fees      
Revenues      
Revenues 1,085,349 905,665 925,494
Interest      
Revenues      
Revenues 3,543,497 $ 2,868,674 $ 1,183,638
Sumitomo Mitsui Banking Corporation Agreement | Related Party      
Assets      
Cash and cash equivalents 542,212    
Financial instruments owned, at fair value 1,539    
Securities borrowed 20,403    
Securities purchased under agreements to resell 381,568    
Receivables:      
Brokers, dealers and clearing organizations 3,012    
Fees, interest and other 7,851    
Other assets 175    
Total assets 956,760    
Liabilities      
Financial instruments sold, not yet purchased, at fair value 1,830    
Securities loaned 187    
Securities sold under agreements to repurchase 631,390    
Payables:      
Brokers, dealers and clearing organizations 18,701    
Accrued expenses and other liabilities 6,767    
Long-term debt 0    
Total liabilities 658,875    
Revenues      
Revenues 14,167    
Interest expense 13,238    
Net revenues 929    
Non-interest expenses      
Business development 7,274    
Total non-interest expenses 7,274    
Sumitomo Mitsui Banking Corporation Agreement | Related Party | Investment banking      
Revenues      
Revenues 5,066    
Sumitomo Mitsui Banking Corporation Agreement | Related Party | Principal transactions      
Revenues      
Revenues (5,997)    
Sumitomo Mitsui Banking Corporation Agreement | Related Party | Commissions and other fees      
Revenues      
Revenues 895    
Sumitomo Mitsui Banking Corporation Agreement | Related Party | Interest      
Revenues      
Revenues 14,203    
Sumitomo Mitsui Banking Corporation Agreement | Related Party | Revolving Credit Facility | Line of credit      
Payables:      
Paydown on a credit facility $ 350,000