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Related Party Transactions - Related Party Transactions (Details) - USD ($)
$ in Thousands
3 Months Ended
Feb. 28, 2025
Feb. 29, 2024
Nov. 30, 2024
Assets      
Cash and cash equivalents $ 11,176,343   $ 12,153,414
Cash and securities segregated and on deposit for regulatory purposes or deposited with clearing and depository organizations 1,665,894   1,132,612
Financial instruments owned, at fair value 26,087,291   24,138,274
Securities borrowed 8,402,198   7,213,421
Securities purchased under agreements to resell 8,125,231   6,179,653
Receivables:      
Brokers, dealers and clearing organizations 3,534,080   2,666,591
Fees, interest and other 707,151   663,536
Other assets 3,294,571   3,072,302
Total assets 70,218,891   64,360,309
Liabilities      
Financial instruments sold, not yet purchased, at fair value 13,997,227   11,007,328
Securities loaned 2,501,643   2,540,861
Securities sold under agreements to repurchase 13,664,290   12,337,935
Payables:      
Brokers, dealers and clearing organizations 4,221,702   3,686,367
Accrued expenses and other liabilities 2,301,325   3,510,831
Long-term debt 14,785,553   13,530,565
Total liabilities 59,950,046   54,134,916
Revenues      
Revenues 2,472,864 $ 2,551,942  
Interest expense 879,845 813,739  
Net revenues 1,593,019 1,738,203  
Non-interest expenses      
Business development 72,291 57,651  
Other expenses 86,558 83,903  
Total non-interest expenses 1,441,954 1,517,961  
Principal transactions      
Revenues      
Revenues 407,230 640,736  
Commissions and other fees      
Revenues      
Revenues 288,300 245,543  
Interest      
Revenues      
Revenues 845,171 $ 819,489  
Sumitomo Mitsui Banking Corporation Agreement | Related Party      
Assets      
Cash and cash equivalents 400,011   542,212
Cash and securities segregated and on deposit for regulatory purposes or deposited with clearing and depository organizations 28,588   0
Financial instruments owned, at fair value 27,747   1,539
Securities borrowed 7,265   20,403
Securities purchased under agreements to resell 355,718   381,568
Receivables:      
Brokers, dealers and clearing organizations 1,776   3,012
Fees, interest and other 5,740   7,851
Other assets 131   175
Total assets 826,976   956,760
Liabilities      
Financial instruments sold, not yet purchased, at fair value 11,927   1,830
Securities loaned 797   187
Securities sold under agreements to repurchase 562,411   631,390
Payables:      
Brokers, dealers and clearing organizations 7,403   18,701
Accrued expenses and other liabilities 8,029   6,767
Long-term debt 350,000   0
Total liabilities 940,567   $ 658,875
Revenues      
Revenues 7,923    
Interest expense 10,871    
Net revenues (2,948)    
Non-interest expenses      
Business development 4,688    
Other expenses 4    
Total non-interest expenses 4,692    
Sumitomo Mitsui Banking Corporation Agreement | Related Party | Investment banking      
Revenues      
Revenues 3,849    
Sumitomo Mitsui Banking Corporation Agreement | Related Party | Principal transactions      
Revenues      
Revenues (4,192)    
Sumitomo Mitsui Banking Corporation Agreement | Related Party | Commissions and other fees      
Revenues      
Revenues 649    
Sumitomo Mitsui Banking Corporation Agreement | Related Party | Interest      
Revenues      
Revenues $ 7,617