# EDWARD D. JONES & CO., L.P. X-17A-5 (2026-02-27) — Broker-dealer annual report - Company: EDWARD D. JONES & CO., L.P. - Form: X-17A-5 - Filed: 2026-02-27 - Period: 2025-12-31 - Accession: 0000053903-26-000004 - CIK: 53903 - File #: 8-00759 - Type: Broker-dealer - Material weakness: No - Auditor: PricewaterhouseCoopers L.L.P. - Auditor location: St. Louis, MO - Contact: Andrew Miedler - Phone: 3145151843 - Email: andy.miedler@edwardjones.com - Website: edwardjones.com - Signed by: Andrew T. Miedler (Chief Financial Officer) Original filing: https://www.sec.gov/Archives/edgar/data/53903/000005390326000004/stmt.fin.condition.pdf --- {0}------------------------------------------------ EDWARD D. JONES & CO., L.P. CONSOLIDATED STATEMENT OF FINANCIAL CONDITION AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM AS OF DECEMBER 31, 2025 TOGETHER WITH EDWARD D. JONES & CO., L.P.'S COMPLIANCE REPORT AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM {1}------------------------------------------------ | UNITED STATES | OMB APPROVAL | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------| | SECURITIES AND EXCHANGE COMMISSION | OMB Number: 3235-0123
Expires: Nov. 30, 2026 | | Washington, D.C. 20549 | Estimated average burden
12
hours per response: | | ANNUAL REPORTS | SEC FILE NUMBER | | FORM X-17A-5 | 8-00759 | | PART III | | | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934
FACING PAGE | | | AND ENDING
filing for the period beginning 01/01/2025 | 12/31/2025 | | MM/DD/YY | MM/DD/YY | | A. REGISTRANT IDENTIFICATION | | | L.P
Co.
రో
D. Jones
NAME OF FIRM: Edward | | | _ Major security-based swap participant
Check here if respondent is also an OTC derivatives dealer
_ Security-based swap dealer
TYPE OF REGISTRANT (check all applicable boxes):
Broker-dealer | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)
12555 Manchester Road | | | Street)
(No. and | | | MO
Louis
St. | 63131 | | (State)
(City) | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | 314-515-1843
Andrew Miedler | andy.miedler@edwardjones.com | | (Area Code - Telephone Number)
(Name) | (Email Address) | | ACCOUNTANT IDENTIFICATION
B. | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | P
PricewaterhouseCoopers L. | | | MO
(Name - if individual, state last, first, and middle name) | | | (State)
Louis
St.
(City)
6 Cardinal Way Suite 1100
(Address) | 63102
(Zip Code) | | 238
10/20/2003 | | | (Date of Registration with PCAOB)(if applicable) | (PCAOB Registration Number, if applicable) | | FOR OFFICIAL USE ONLY | | | accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17
Claims for exemption from the requirement that the annual reports of an independent public | | | Persons who are to respond to the collection of information contained in this form are not required to respond unless the form
CFR 240.17a-5(e)(1)(ii), if applicable. | | | displays a currently valid OMB control number. | | Docusign Envelope ID: 3835CCF9-BFF4-4B52-9534-A2922C3F3CA2 PUBLIC {2}------------------------------------------------ | Docusian Envelope ID: 3835CCF9-BFF4-4B52-9534-A2922C3F3CA2 | |------------------------------------------------------------| | | | | | | | | | | | | | | | | #### OATH OR AFFIRMATION | | Andrew Miedler | |--|----------------| | | | | | | | | | swear (or affirm) that, to the best of my knowledge and belief, the as of , 2 025\_\_ is true and correct. I further swear (or affirm) that neither the company nor any report pertaining to the firm of Edward Jones & Co., L.P. financial 12/31 partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classfied solely as that of a customer. | Signature: - DocuSigned by: | Andrew T. Miedler | |-----------------------------|-------------------| | Title: | -D5A0024E91E2423 | | Chief Financial Officer | | ## This filing \*\* contains (check all applicable boxes): - Statement of financial condition. (a) 00 - (b) Notes to consolidated statement of financial condition. - (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of D - comprehensive income (as defined in § 210.1-02 of Regulation S-X). - (d) Statement of cash flows. = - Statement of changes in stockholders' or partners' or sole proprietor's equity. (e) D - Statement of changes in liabilities subordinated to claims of creditors. (1) □ - g) Notes to consolidated financial statements. D - (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. □ - Computation of tangible net worth under 17 CFR 240.18a-2. (i) ■ - Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. D - Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. (k) D - Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. (1) D - (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. ■ - (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR D - 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. ■ - p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. ■ - (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. 11 - (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. ■ - (t) Independent public accountant's report based on an examination of the statement of financial condition. - (u) Independent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. ম - (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. T - (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. ■ - (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, applicable. as ■ - (y) Report describing any material inadequacies found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). - (z) Other: ■ - \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(2) or 17 CFR 240.18a-7(d)(2), as applicable. {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) # Report of Independent Registered Public Accounting Firm To the Management and the Partners of Edward D. Jones & Co., L.P .: # Opinion on the Consolidated Statement of Financial Condition the consolidated financial statement presents fairly, in all material respects, the financial position of the Partnership as of December 31, 2025 in conformity with accounting principles generally accepted in the We have audited the accompanying consolidated statement of financial condition of Edward D. Jones & Co., L.P. and its subsidiaries (collectively the "Partnership") as of December 31, 2025, including the related notes (collectively referred to as the "consolidated financial statement"). In our opinion, United States of America. #### Basis for Opinion responsibility is to express an opinion on the Partnership's consolidated financial statement based on our accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board The consolidated financial statement is the responsibility of the Partnership's management. Our (United States) (PCAOB) and are required to be independent with respect to the Partnership in and Exchange Commission and the PCAOB. about whether the consolidated financial statement is free of material misstatement, whether due to error We conducted our audit of this consolidated financial statement in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance or fraud. amounts and disclosures in the consolidated financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the the consolidated financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the overall presentation of the consolidated financial statement. We believe that our audit provides a Our audit included performing procedures to assess the risks of material misstatement of reasonable basis for our opinion. ce water house Coopers February 27, 2026 We have served as the Partnership's auditor since 2002. {4}------------------------------------------------ | EDWARD D. JONES & CO., L.P. | |-----------------------------| # CONSOLIDATED STATEMENT OF FINANCIAL CONDITION #### AS OF DECEMBER 31, 2025 #### (Dollars in millions) ASSETS: | and investments segregated under federal regulations
Cash and cash equivalents
Cash | સ્ત્ર | 3,142
14.069 | |-------------------------------------------------------------------------------------------|-------|-----------------| | to resel
Securities purchased under agreements
from:
Receivables | | 500 | | Clients | | 5,030 | | Mutual funds, insurance companies and other | | 480 | | Brokers, dealers and clearing organızations | | 9
45 | | Securities owned, at fair value: | | | | Investment securities | | 303 | | Inventory securities | | 45 | | Lease right-of-use assets | | 1,132 | | Fixed assets, at cost, net of accumulated depreciation and amortization | | 451 | | Other assets | | 8
41 | | TOTAL ASSETS | es | 9
02
28. | | CAPITAL:
ABILITIES AND PARTNERSHIP | | | | Payables to:
Clients | ಕ್ಕಾ | 17,799 | | Brokers, dealers and clearing organizations | | 42 | | Accrued compensation and employee benefits | | 518
3. | | Accounts payable, accrued expenses and other | | 1,964 | | Lease liabilities | | 9 | | ES
TOTAL LIAB | | 24.499 | ## LI | Brokers, dealers and clearing organizations | 42 | |-------------------------------------------------|--------| | Accrued compensation and employee benefits | 3.518 | | Accounts payable, accrued expenses and other | 1,964 | | _ease liabilities | 1,176 | | TOTAL LIABILITIES | 24.499 | | Commitments and contingencies (Notes 12 and 13) | | | Partnership capital | 3,526 | | TOTAL LIABILITIES AND PARTNERSHIP CAPITAL | 28,025 | The accompanying notes are an integral part of this Consolidated Statement of Financial Condition. {5}------------------------------------------------ ### EDWARD D. JONES & CO., L.P. # NOTES TO CONSOLIDATED STATEMENT OF FINANCIAL CONDITION (Dollars in millions) # NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ## Organization and Financial Statement Presentation subsidiary, JFC Holding Company, Inc., owns 100% of EDJ Holding Company, Inc. ("EDH") which is the sole The accompanying Consolidated Statement of Financial Condition includes the accounts of Edward D. Jones & Co., L.P., a registered broker-dealer and investment adviser in the United States ("U.S."), and its subsidiaries (collectively, the "Partnership" or "Edward Jones"). The Jones Financial Companies, L.L.L.P. ("JFC") is the sole limited partner of the Partnership and indirectly owns 100% of its capital. JFC's wholly-owned general partner of Edward Jones. investors in the U.S. The Partnership is committed to helping improve the financial wellness for tens of millions of organizations, depositories and banks. The Partnership primarily derives from fees for providing Edward Jones is a leading financial services and retail brokerage business which primarily serves individual long-term investors across the U.S. by providing comprehensive, personalized planning and professional advice. Edward Jones conducts business throughout the U.S. with its clients, dealers, clearing investment advisory and other account services to its clients, fees for assets held by clients and commissions for the distribution of mutual fund shares and insurance products and the purchase or sale of securities. The Consolidated Statement of Financial Condition has been prepared on the accrual basis of accounting in conformity with U.S. generally accepted accounting principles, which require the use of certain estimates by management in determining assets and liabilities. Actual results could differ from these estimates. The Partnership evaluated subsequent events for recognition or disclosure through the date the Consolidated Statement of Financial Condition was issued and identified no matters requiring disclosure. #### Fair Value Substantially all of the Partnership's financial liabilities are carried at fair value or at contracted amounts which approximate fair value given the short time to maturity. a liability in an orderly transaction between market participants at the measurement date, also known as the "exit price." Financial assets are marked to bid prices and financial liabilities are marked to offer prices. The Partnership's Fair value of a financial instrument is defined as the price that would be received to transfer financial assets and financial liabilities recorded at fair value in the Consolidated Statement of Financial Condition Hierarchical levels, with the related amount of subjectivity associated with the inputs to value these assets and are categorized based upon the level of judgment associated with the inputs used to measure their fair value. liabilities at fair value for each level, are as follows: Level I - Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date. asset or liability through correlation with related market data at the measurement date and for the duration of comparable assets or liabilities) in valuing these types of investments. When third-party pricing services are Level II – Inputs (other than quoted prices included in Level I) are either directly observable for the incorporates third-party pricing services and other relevant observable information (such as market interest rates, yield curves, prepayment risk and credit risk generated by market transactions involving identical or the instrument's anticipated life. The Partnership uses the market approach valuation technique which used, the methods and assumptions used are reviewed by the Partnership. Level III - Inputs are both unobservable and significant to the overall fair value measurement. These inputs reflect management's best estimate of what market participants would use in pricing the asset or liability at the {6}------------------------------------------------ | Notes to Consolidated Statement of Financial Condition (cont.) | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | measurement date. Consideration is given to the risk inherent in the valuation technique and the inputs to the
model. | | hip did not have any assets or liabilities categorized as Level III during the year ended December 31,
The Partners
2025. | | Cash and Cash Equivalents | | The Partnership considers all highly liquid investments with maturities of three months or less from the purchase
date to be cash equivalents. | | Cash and Investments Segregated Under Federal Regulations | | Cash, investments and interest receivable related to the investments are segregated in special reserve bank
accounts for the benefit of clients pursuant to the Customer Protection Rule 15c3-3 under the Securities Exchange
Act of 1934, as amended (the "Exchange Act"). | | Fractional Shares | | receive fractional share interests through Edward Jones' dividend reinvestment and dollar cost
The liabilities are initially recorded at the dollar amount received from clients, but the Partnership
Statement of Financial Condition as Edward Jones must fulfill its clients' future fractional share
averaging programs. The Partnership records these fractional shares, which are considered assets,
in other assets with associated liabilities in accounts payable, accrued expenses and other in the
makes an election to record the liabilities at fair value.
Consolidated
redemptions.
Clients may
at tair value | | Securities Owned | | which is determined by using quoted market or dealer prices. Investment securities are primarily held to generate
deferred compensation plan explained below. Edward Jones also purchases and holds inventory securities for retail
income, assist in the management of firm liquidity or economically hedge future liabilities for the non-qualified
Securities owned, primarily consisting of investment securities, are recorded on a trade-date basis at fair value
sales to its clients but does not trade those positions for the purpose of generating gains for its own account. | | Fixed Assets | | line and accelerated methods over estimated useful lives of three to seven years. The cost of significant
the
costs to develop and implement new software or modify existing software to improve functionality for Edward Jones'
internal use. Software is depreciated using the straight-line method useful life. Buildings are
depreciated using the straight-line method over their useful lives, which are estimated at thirty years. Leasehold
enhancements is capitalized and depreciated once the asset is placed into service. When assets are retired or
Fixed assets include software, buildings and leasehold improvement. Software includes purchased
software licenses and internally developed software. Internally developed software consists of labor and consulting
improvements are amortized based on the term of the economic useful life of the improvement,
whichever is less. Equipment, including furnitures, is recorded at cost and depreciated using straight-
trom
otherwise disposed of, the cost and related accumulated depreciation is removed
respective category. | | value of the asset may not be fully recoverable. If impairment is indicated, the asset value is its fair
Fixed assets are reviewed for impairment whenever events or circumstances indicate that the book
value. | Edward D. Jones & Co., L.P. {7}------------------------------------------------ -- - - - !"#\$%&'(')\*+)(),,)\*- ./)!0%1' !2&%! 34567489:;<=6<6:9:>?@6ABCB;44;C;77;4D9EF;:<6GB9:FA6:C97D;7G6B:CB:6:DB6A64HB<97D9EF;G;6Q7;;E;:GC97G=7;; M;676CCBAB6G;<6:4SG96A;<<;7 ;WG;:GSCB:6:DB6A64HB<97<97G=;B76CCBAB6G; 95:;4<@LD6:D;A6LA;G7BFA;:;GA;6<;<5BG=9:;>M;67A;6<;G;7EG;7EA;6<;;WD;FGB9:IJ=;K67G:;7<=BF;A;DG;4G9:9G7;D9Q:Bn;G=;A;6<; 7BQ=G>9C>@<;6<<;G<6:4A;6<;AB6LBABGB;G;7EA;6<;9C>@<;6<<;G9C> @<;6<<;G<6:4A;6<;AB6LBABGB;<67;7;D9Q:Bn;4B:G=;T9:<9AB46G;4UG6G;E;:G9CVB:6:DB6AT9:4BGB9:6G D9EE;:D;E;:G46G;6:4D6AD@A6G;469C>@<;6<<;GB:DA@4;AB:;7;:G;WF;:<;I34567489:;<@<;A;6<;D9EF9:;:G67;6E6B:G;:6:D;l6:47;D9Q:Bn;G=79@Q=;:GBGMC97C;4;76A6:492;4926?1:;>:70@:8;49A2<6:4<5464<107BCD0346E0:8701E92=207:F<0@5?1620<=7 4<@D06@471:664=09468:9=D0709010234560727<:=908601=0@2<=D0G:<7:62@4=0@H=4=0;0<=:8I2<4<1246G:<@2=2:<47 =D0@05=:97D430=D092AD==:90@00;:97E57=2=E=0=D01:664=0946:<7D:9=<:=210BG:664=0946D06@47:8J010;509KLM NONPF47QPMRNS4<@F47<:=90>60@A0@:97:6@BCD0T49=<097D2>1:<72@097=D07082<4<1292;4926?1:664=09462V0@5?1620<=2<307=;0<=7D06@4= W@F49@X:<07B C:07=2;4=00Y>01=0@190@2=6:7707:<;49A2<6:4<7M=D0T49=<097D2>4>>6207=D01:664=0946;42<=0<4<10>941=2146 0Y>0@20<=5?1:;>492:9=2:<277E4<102<411:9@4<10F2=DI2<4<1246\<@E7=9?/0AE64=:9?]E=D:92=?^\_I\`/]ab9E607B\<=D0030<= :84@0162<02<=D0;49c0=346E0:8=D0701E92=2072<4;49A2<411:E<=MW@F49@X:<0790UE2907=D01620<==:@0>:72= 4@@2=2:<46701E92=207:9147D^:9=:706647E882120<=4;:E<=:8701E92=207b7:=D4=M4=466=2;07M=D06:4<=:=D01620<=27 <:A904=09=D401=7=D05:99:F09F266504560=:1:<=260<27D 1:664=094 0671E9201==D08429346E0:81:664=0946=:8466506:F=D0346E0:8;49A2< 6:4<74<@4M74907E6=M=D0T49=<097D2>1:<72@097190@2=927c9064=0@=:=D07090102345607=:50;2<2;46BCD08429346E0 :81:664=0946F47D2AD09=D4<=D04;:9=2V0@1:7=547278:9329=E466?466;49A2<6:4<747:8J010;509KLMNONPM4<@ =D00Y>01=0@190@2=6:778:9=D:706:4<7F47V09:8:9=D0>092:@B\<62;2=0@1291E;7=4<107M4;49A2<6:4<;4?501:;0 E<@091:6640=9462V0@BfD0<=D27:11E97M=D0T49=<097D2>901:9@7490709308:9=D0E<@091:664=09462V0@>:9=2:<:8=D0 6:449=212>4=072<7D:9=n=09;9074604A900;0<=71:664=09462V0@5?A:309<;0<=4<@4A0<1?701E92=207B CD070=94<741=2:<749090>:9=0@471:664=09462V0@82<4<124<2074<@:=D09F2=D2<=D0G:<7:62@4=0@H=4=0;0<=:8I2<4<1246 G:<@2=2:6E74119E0@2<=0907=M;E7=0UE46:90Y100@LONe:8=D01499?249=?27:562A4=0@=:;00=49:;>=6?B\=27=D0T49=<097D2>[7>:621?=:D4307E1DE<@096?2:72=0@2<2=7411:E<=74=2=71E7=:@24<5460@A0@:97:6@B C:07=2;4=00Y>01=0@190@2=6:7707:<=D09074604A900;0<=7M=D0T49=<097D2>4>>6207=D01:664=0946;42<=0<4<10 >941=21460Y>0@20<=5?1:;>492:9=249=20749046682<4<12462<7=2=E=2:<7W@F49@X:<071:<72@097=:5090>E=45604<@ 90624560M4<@W@F49@X:<079047:<456?0Y>01=7=D01:E<=09>49=207F266504560=:1:<=260<27D1:664=0946 701E9201==D08429346E0:81:664=0946=:8466506:F=D0346E0:8=D0907460 4A900;0<=7890UE0<=6?:98:94<0Y=0<@0@>092:@:8=2;0BCD00Y>01=0@190@2=6:77F47V09:47:8J010;509KLM NONPB ! "#\$%& '()\*+ # -h ,\*-.)\$!.'o".j,h'.\*+ )' CD0;4p:92=?:8=D0T49=<097D2>[7901023456074901:664=09462V0@82<4<12464770=7M2<16E@29:A94;8007M 90=290;0<=80074<@;E=E468E<@4<@2<7E94<1070932108007M5014E70=D08007490>42@:E=:81620<=411:E<=7:9 =D29@n>49=?>9:@E1=71:<727=21:<72@090@1E990<=1:<@2=2:<7M 4<@=D09027<:=48:9070045600Y>01=4=2:<:84<030<=:91D442@BCD00Y>01=0@190@2=6:77F47V09:47:8J010;509KLMNONPB {9}------------------------------------------------ #### NOTE 2 - LEASES As of December 31, 2025, the weighted-average remaining lease term was five years, and the weighted-average For the year ended December 31, 2025, cash paid for amounts included in the measurement of operating lease liabilities was \$353 and lease right-of-use assets obtained in exchange for new operating lease liabilities was \$417. discount rate was 4.4%. Additionally, the Partnership pays LEA for building operating expenses incurred. The Partnership's future undiscounted cash outflows for operating leases as of December 31, 2025 are summarized below: | 349 | | 887 565 | 96 ജ | | 63 | | 137 | | |------|------|---------|------|------|------------|-----------------------|----------------|------------------------------------------| | et | | | | | | | | | | 2026 | 2027 | 2028 | 2029 | 2030 | Thereafter | I otal lease payments | Less: Interest | Total present value of lease liabilities | While the rights and obligations for leases that have not yet commenced are not significant, Edward Jones regularly enters into new branch office leases. #### NOTE 3 - RECEIVABLES As of December 31, 2025 and December 31, 2024, \$1,042 and \$872, respectively, of the receivable from clients balance and \$348 and \$358, respectively, of the receivable from mutual funds, insurance companies and other balance is related to revenue contracts with customers. ### NOTE 4 - PAYABLE TO CLIENTS payable to clients are subject to withdrawal upon client request. Edward Jones pays interest, which was 0.25% as Payable to clients is composed of cash amounts held by Edward Jones due to clients. Substantially all amounts of December 31, 2025, on the vast majority of credit balances in client accounts. {10}------------------------------------------------ #### NOTE 5 - FAIR VALUE as of Partnership's financial assets and liabilities measured at fair value The following table shows the | December 31, 2025 | | | | | | | | |-----------------------------------------------------------------------------------------------------------------|------|--------------|------------|-----------------|-------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | Level | Level | | Level | | Tota | | Money market funds
Cash equivalents:
Assets: | ക്ക | 07
L | ಿ | ക്ക | | ക്ക | 107 | | nvestments segregated under federal regulations:
Certificates of deposit
U.S. treasuries | ക | .271
6 | 200
S | ಕ್ಕಾ | | ക | 200
9,271 | | Total investments segregated under tederal
regulations | ಕ್ಕಿ | ﺮ
27
6 | 20
ಕ್ಕಿ | લ્ત્ર
0 | | ക്ക | ,47
6 | | Investment securities:
Mutual funds(1)
Securities owned: | ക | 303 | ಳಿ | ക്ക | | ക | 303 | | Certificates of deposit
Municipal obligations
nventory securities:
Mutual funds
Equities | ക്ക | ਟ | લ્ત્ર | ಕ್ಕಾ
23
9 | | ಕ್ಕಾ | 23
ത്രിച്ചു. അവലംബം പ്രാമങ്ങളുടെ പ്രവരിച്ചു. അവലംബം പ്രാമങ്ങളുടെ പ്രവരിച്ചു. അവലംബം പ്രാമങ്ങളുടെ പ്രവർത്തിച്ചു. അവലംബം പ്രാമങ്ങളുടെ പ്രാമങ്ങളുടെ പ്രവരിച്ചു. അവലംബം അവലം
ﻟ | | Government and agency obligations
Total inventory securities
Corporate bonds and notes | ക്ക | 7 | 3
S | 69
ट | | 60 | 9
ﺎ
V | | Client fractional share ownership assets
Other assets: | ക്ക | 078 | e | ಕ್ಕಿ | | ಕ್ಕಾ | 078 | | Client fractional share redemption obligations
Accounts payable, accrued expenses and other:
Liabilities: | ക്ക | 078 | ಕ್ಕಾ | ಕ್ಕಾ | | ಕ್ಕಾ | 078 | (1) The mutual funds balance consists of securities held to economically hedge future liabilities for the non-qualified deferred compensation plan. {11}------------------------------------------------ #### NOTE 6 - FIXED ASSETS The following table shows the Partnership's fixed assets as of December 31, 2025: | Sottware | ಕಾ | 1,486 | |-----------------------------------------|----|-------| | Buildings and leasehold improvements | | 038 | | Equipment, turniture and fixtures | | 821 | | Fixed assets, at cost | | 3.245 | | Less: accumulated depreciation | | 1.275 | | Less: accumulated software amortization | | 519 | | Fixed assets, net | | 1.451 | Edward Jones' weighted average amortization period for software was six years as of December 31, 2025. The following table shows the expected future amortization of software, excluding \$201 of capitalized software costs not yet placed in service that will be amortized in future periods as of December 31, 2025: | production and the program and the program and the productions and the productions and the productions and the productions of the productions of the productions of the produ | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| #### NOTE 7 - LINES OF CREDIT Facility"), entered into in October 2022, Edward Jones is required to maintain a minimum tangible net worth of at least \$1,349 and minimum regulatory net capital of at least 6% of aggregate debit items as calculated under the In accordance with the terms of Edward Jones' and JFC's \$500 committed revolving line of credit (the "2022 Credit alternative method. The available credit line for Edward Jones is \$500, which would be reduced by any outstanding borrowing by JFC. JFC has a \$200 sublimit on the of credit. Edward Jones has the ability to draw on various types of loans. The associated interest rate depends on the type of loan, duration of the loan and JFC's private credit rating. Contractual rates are based on an index rate plus the applicable spread. The 2022 Credit Facility is intended to provide short-term liquidity to Edward Jones should the need arise. As of December 31, 2025, Edward Jones and JFC were in compliance with all covenants related to the 2022 Credit Facility. In addition, Edward Jones has multiple uncommitted secured lines of credit totaling \$390 that are subject to change the associated collateral requirements are at the bank's discretion in the event of a borrowing. Based on credit client margin securities or firm-owned securities, which would serve as collateral on loans in the event Edward at the discretion of the banks. Edward Jones has an additional uncommitted line of credit where the amount and market conditions and the uncommitted nature of these credit facilities, it is possible that these lines of credit could decrease or not be available in the future. Actual borrowing capacity on secured lines is based on availability of Jones borrowed against these lines. Edward Jones also has a \$500 uncommitted unsecured line of credit agreement with JFC which does not have an expiration date. The interest rate is based on the contract and determined at the time of borrowing. There were no amounts outstanding on the 2022 Credit Facility or the uncommitted lines of credit as of December 31, 2025. Edward Jones did not have any draws against these lines of credit during the year ended December 31, 2025, except for periodically testing draw procedures. {12}------------------------------------------------ ## NOTE 8 - NET CAPITAL REQUIREMENTS 15c3-1 of the Exchange Act and capital compliance rules of FINRA. Under the alternative method permitted by the rules, Edward Jones must maintain minimum net capital equal to the greater of \$0.25 or 2% of aggregate debit items arising from client transactions. The net capital rules also provide that Edward Jones' partnership capital may not be withdrawn if resulting net capital would be less than minimum requirements. Additionaly, certain withdrawals require the approval of the Securities and Exchange Commission ("SEC") and FINRA to the exceed As a result of its activities as a U.S. broker-dealer, Edward Jones is subject to the net capital provisions of Rule defined levels, even though such withdrawals would not cause net capital to be less than minimum requirements. The following table shows the capital figures for Edward Jones as of December 31, 2025: | 1.042
ಕಾ | 963
ക്ക | 26.4% | 9.5% | | |-------------|-----------------------------------------------|-------------------------------------------------------|------------------------------------------------------------------------------------------------|--| | Net cabital | Net capital in excess of the minimum required | ivet capital as a percentage of aggregate debit items | Net capital after anticipated capital withdrawals, as a percentage of
aggregate debit items | | Net capital and the related capital percentages may fluctuate on a daily basis. #### NOTE 9 - INCOME TAXES examination by the Internal Revenue Service ("IRS") and by various state and foreign taxing authorities in the The Partnership did not have any significant uncertain tax positions as of December 31, 2025 and is not aware of any tax positions that will significantly change during the next 12 months. An entity is generally subject to jurisdictions in which it conducts business. Tax years prior to 2022 are generally no longer subject to examination by the IRS, state, local or foreign tax authorities. ## NOTE 10 - EMPLOYEE BENEFIT PLANS general partners and service partners. Edward Jones contributed to the year ended December 31, 2025 Edward Jones maintained a profit sharing and 401(k) plan covering all eligible U.S. employees and U.S. JFC in early 2026. Edward Jones has a written agreement with JFC for the services of certain financial advisors who are service contributions to the plan in early 2026, including applying mandatory profit sharing contributions that were withheld partners of JFC and not employees of Edward Jones. Pursuant to that agreement, Edward Jones makes payments to the service partners of JFC on JFC's behalf for those services provided. Edward Jones made additional from service partners of JFC during the year ended December 31, 2025. # NOTE 11 - COMMITMENTS, GUARANTEES AND RISKS As of December 31, 2025, the Partnership would be subject to termination fees of approximately \$908 in the event primarily for information technology to support strategic initiatives, in addition to services for operations. As of contracts already in force will decrease over the corresponding contract periods, which generally expire within the Edward Jones terminated existing contractual commitments with certain vendors providing ongoing services December 31, 2025, Edward Jones made no such decision to terminate these services. Termination fees for next three to five years. As of December 31, 2025, Edward Jones has a revolving line of credit available (see Note 7). FINRA Rule 4210, under which loans are collateralized by securities in client accounts. Edward Jones monitors required margin levels and requires to deposit additional collateral or reduce positions to meet minimum Edward Jones provides margin loans to its clients in accordance with Federal Regulation T and collateral requirements (see Note 1). {13}------------------------------------------------ Edward Jones. Therefore, the Partnership considers its potential to make payments under these client transactions place to ensure client activity is monitored and to mitigate the risk of clients' inability to meet their obligations to Edward Jones' securities activities involve execution, settlement and financing of various securities transactions for clients. Edward Jones may be exposed to risk of loss in the event clients, other brokers and dealers, banks, depositories or clearing organizations are unable to fulfill contractual obligations. Edward Jones has controls in to be remote and accordingly, no liability has been recognized for these transactions. the counterparty and Edward Jones would only have exposure to government and agency credit risk in the event Cash balances held at various major U.S. financial institutions, which typically exceed FDIC coverage limits, subject Edward Jones to a concentration of credit risk. Edward Jones regularly monitors the credit ratings of these financial institutions in order to help mitigate the credit risk that exists with the deposits in excess of insured amounts. Edward Jones has credit exposure to government and agency securities through its investments segregated under federal regulation and collateral held for resell agreements. Edward Jones' primary exposure on resell agreements is with of the counterparty's default on the resell agreements (see Note 1). if a member becomes unable to satisfy its obligations to the clearing houses and exchanges, all other members that it will be required to make payments to be remote. Accordingly, no liability has been Edward Jones provides guarantees to securities clearing houses and exchanges under their standard membership agreements, which require a member to guarantee the performance of other members. Under these agreements, would be required to meet any shortfall. Edward Jones' liability under these arrangements is not quantifiable and may exceed the cash and securities it has posted as collateral. However, the Partnership considers the likelihood recognized for these transactions. ### NOTE 12 - CONTINGENCIES governmental authorities, self-regulatory organizations and other regulators, which may result in losses. These In the normal course of its business, Edward Jones is involved, from time to time, in various legal and requlatory matters, including arbitrations, class actions, other litigation, and examinations, investigations by matters include: Gender and Race Discrimination Class Action. On March 9, 2022, Edward Jones and JFC were named as defendants in a lawsuit (Dixon, et al. v. Edward D. Jones & Co., L.P., et al.) filed in the U.S. District Court for the Eastern District of Missouri. The lawsuit was brought by a then-current financial advisor as a putative collective action alleging gender discrimination under the Fair Labor Standards Act, and by a former financial advisor as a amended complaint reasserting the original claims with modified allegations ander Title VII of dismiss. On March 31, 2023, the district court denisch putative class action alleging race discrimination under 42 U.S.C. § 1981. On April 25, 2022, the plaintiffs filed an on behalf of putative classes of financial advisors. The defendants filed a motion to dismiss on May 23, 2022, and on September 15, 2022, the court stayed further proceedings in the case pending a decision on the motion to the Civil Rights Act of 1964 ("Title VII") alleging race/national origin, gender, and sexual orientation related to collective and class certification closed on June 20, 2025. The expert discovery phase closes on March 6, 2026. Edward Jones and JFC deny the allegations and intend to vigorously defend this lawsuit. Home Office Gender Discrimination Class Action. Edward Jones and JFC were named as defendants in a lawsuit brought by a former employee (Zigler v. Edward D. Jones & Co., L.P. et al.) in the Northern District of Illinois. The initial complaint filed on September 1, 2022 alleged putative claims under the Equal Pay Act of 1963 ("EPA"), Title VII and Illinois state laws of gender-based wage discrimination against a subset of female home office associates whom the plaintiff described as "home office financial advisor[s]," The plaintiff amended the the roles she held during her employment by the firm, limiting the plaintiff's Title VII claim and relaim to a disparate treatment theory of liability as opposed to a disparate impact theory, and accepting the plaintiffs to amend the complaint to reallege pay discrimination with regard to both roles plaintiff held during her employment complaint on November 29, 2022, seeking to expand the putative and class definitions to include all female home office associates in any role. Edward Jones and JFC filed a motion to dismiss the amended complaint on January 6, 2023. In June 2023, the district court granted in part the defendants' motion to dismiss, permitting the plaintiffs EPA claim and related state-law claim to proceed in connection with only one of agreement to dismiss JFC from the case without prejudice. In May 2025, the district court granted plaintiffs motion {14}------------------------------------------------ fact discovery closed on May 28, 2025. In June 2025, plaintiff filed a motion for sanctions, alleging a failure to produce ordered documents. On July 23, 2025, the district court granted plaintiff's motion. Edward Jones filed a with the firm, as well as the previously dismissed Title VII disparate impact claim. Plaintiff's amended complaint motion for reconsideration which was granted on September 9, 2025. The expert discovery phase closes on June maintains similar putative and class definitions to include all female home office associates in any role. On May 27, 2025, Edward Jones filed its answer and affirmative defenses to the amended complaint. Edward Jones also filed a motion to dismiss on personal jurisdiction grounds, and that motion remains pending. Phase 5, 2026. Class certification and Summary Judgment briefs are scheduled for completion by September 25, 2026. Edward Jones denies the allegations and intends to vigorously defend this lawsuit. In addition to these matters, the Partnership provides for probable losses that may arise related to other contingencies. The Partnership assesses its liabilities and contingencies utilizing available information. The Partnership accrues for those matters where it is probable that the Partnership will incur a loss to the extent that the amount of such loss can be reasonably estimated. This liability represents the Partnership's estimate the Partnership's experience with other legal and regulatory matters and discussion with legal counsel and is believed to be sufficient. The agregate accrued liability is recorded in accounts payable, accrued expenses and of the probable loss as of December 31, 2025, after considering, among other factors, the progress of each case, other on the Consolidated Statements of Financial Condition and may be adjusted from time to reflect any relevant developments. which an exposure to loss in excess of the amount accrued is both reasonably possible and estimable, the current reasonably possible loss does not necessarily represent the Partnership's maximum loss exposure as it was not For such matters where an accrued liability has not been established and the Partnership believes a loss is both reasonably possible and estimable, as well as for matters where an accrued liability has been recorded but for estimated aggregated range of additional possible loss is up to \$22 as of December 31, 2025. This range of able to estimate a range of reasonably possible loss for all matters. liabilities arising from such matters will not have a material adverse effect on the Consolidated Statement of Financial Position. However, based on future developments and the potential unfavorable resolution of these matters, the outcome could be material to the Partnership's future consolidated operating results for a particular Further, the matters underlying any disclosed estimated range will change from time to time, and actual results may available, the Partnership believes that its established liabilities as of December 31, 2025 are adequate, and the vary significantly. While the outcome of these matters is inherently uncertain, based on information currently period or periods. ### NOTE 13 - RELATED PARTIES Pursuant to a written administrative and management, Edward Jones paid for services of JFC general partners and for the interest expense of JFC limited partnership capital owned by current and former employees of Edward Jones. Edward Jones has a signed agreement with JFC for a \$500 line of credit with the intent to provide short-term liquidity should the need arise. See Note 7. As of December 31, 2025, Edward Jones had declared distributions from partnership capital of \$489. This amount is presented in accounts payable, accrued expenses and other in the Consolidated Statement of Financial Condition. Edward Jones leases a significant portion of its home office space from LEA. See Note 2 for the amount of rent and building operating expenses paid to LEA. Statement of Financial Condition were \$155 and \$158, respectively. These leases are executed and maintained in advisors or their affiliates. The associated lease right-of-use assets and lease liabilities included in the Consolidated As of December 31, 2025, Edward Jones leases approximately 13% of its branch office space from its financial a similar manner as those entered into with third parties. See Note 2 for additional information about leases. {15}------------------------------------------------ Jones will reimburse Trust Co. for additional expenses in excess of gross revenue. Trust Co. was profitable during Trust services are offered to clients of Edward Jones Trust Company ("Trust Co."), a wholyowned subsidiary of JFC. Trust Co. earns certain revenues from clients and pays Edward Jones for operating expenses incurred and services provided on behalf of Trust Co. does not achieve profitability, Edward 2025. behalf of EJ Canada, and Edward Jones pays EJ Canada for certain support services provided on behalf of Edward Edward Jones (an Ontario limited partnership), a registered broker-dealer in Canada") is an indirect, wholly-owned subsidiary of JFC. EJ Canada pays Edward Jones for operating expenses and services provided on Jones. Market Fund ("Money Market Fund") and Bridge Builder® Trust"), subject to review and approval of the Money Market Fund's Board of Trust's Board of Trustees, respectively. Olive Street provides investment advisory services to the Money Market Fund and the twelve sub-advised mutual funds comprising the BB Trust, which are offered solely to clients of Edward Jones. Olive Street has contractually agreed to reimburse Edward Jones also has a signed service agreement to provide Olive Street with personnel and other resources Olive Street Investment Advisers, LLC ("Olive Street"), a wholly-owned subsidiary of JFC, has primary responsibility for setting the overall investment strategies and selecting and managing sub-advisers of the Edward Jones Money fund operating expenses to the extent necessary to limit the annual operating expenses of the Money Market Fund. needed to perform services to the Money Market Fund and the BB Trust. Additionally, Edward Jones earns certain fees from the Money Market Fund, some or all of which may be voluntarily waived. In 2025, Edward Jones waived fees to limit the Money Market Fund's annual operating expenses. Edward Jones Foundation ("Foundation") is a non-profit organization that supports national, regional, and Iocal Edward Jones is the sole contributor to the Foundation. Contributions are voluntary and at the discretion of Edward nonprofits to advance a range of community causes championed by Edward Jones, its affiliates and employees. Jones each year. from Edward Jones clients and pays Edward Jones for operating expenses incurred and services provided on behalf Securities-based loans are offered to clients of Edward Jones in most states through Edward Jones SBL, LLC ("SBL"), which is indirectly wholly-owned by JFC through its subsidiary JFCL, LLC. SBL earns certain revenues of SBL. Certain affiliates maintain brokerage accounts with Edward Jones, and Edward Jones pays interest on cash balances in those accounts on a monthly basis. As of December 31, 2025, the cash balances totaled \$163. This amount is presented in payable to clients in the Consolidated Statement of Financial Condition. liability insurance to the joint venture entities. Edward Jones makes the insurance payments on behalf of the joint Edward Jones has written agreements with certain service partners of JFC creating joint venture entities designed as a compensation arrangement. The results of operations of these entities are included in the Consolidated Statement of Financial Condition of the Partnership. EDJ Insurance Company, Inc. ("Captive Insurance Company"), which is indirectly wholly-owned by JFC through its subsidiary JFC Holding Company, Inc., offers professional ventures to the Captive Insurance Company. JFC issues Profits Interests to certain eligible associates of Edward Jones to enable them to further share in JFC's Limited Partnership, dated November 5, 2025 (the "Partnership Agreement"). Profits Interests do not themselves require a capital investment but give the right to allocations and distributions of JFC's Net Income. The Capital amount for the 2025 calendar year. The Profits Interests are fully vested and participate in JFC's Net Income Net Income, as defined in JFC's Twenty-Third Amended and Restated Agreement of Registered Limited Liability amount of Net Income allocated to a Profits Interests holder is based on a bookkeeping measure expressed in terms of a notional U.S. dollar amount ("Notional Capital") held by such Profits Interests holder, which is tied to performance of services provided to Edward Jones. Profits Interests have no book value, are not redeemable for any value in the future, and expire upon the earlier of the Profits Interests or at the end of their stated term. Profits Interests typically have a maximum three-calendar year term from the date of issuance. JFC granted and issued Profits Interests for no cash consideration on January 1, 2025, based upon a \$196 Notional {16}------------------------------------------------ value on the grant date. During 2025, \$4 of Notional Capital was forfeited and \$136 of Notional Capital terminated allocations upon grant. Any future rights to allocations and distributions attributable to Profits Interests expire upon the earlier of the redemption of Profits Interests or at the end of their stated term. Profits Interests have zero fair according to the terms of the Profits Interest holders respective subscription agreements. certain services. Edward Jones has included balances arising from such transactions in the Consolidated Statement In the normal course of business, partners of JFC and associates of Edward Jones use the same advisory and brokerage services of Edward Jones as unrelated third parties, with certain discounts on commissions and fees for of Financial Condition on the same basis as other clients. ## NOTE 14 - OFFSETTING ASSETS AND LIABILITIES agreements to resell that are subject to net settlement in the event of default. These agreements create a right of The Partnership does not offset financial instruments in the Consolidated Statement of Financial Condition. However, Edward Jones enters into master netting arrangements with counterparties purchased under offset for the amounts due to and due from the same counterparty in the event of default or bankruptcy. The following table shows the securities purchased under agreements to resell as of December 31, 2025: | | | Net amount | | |----------------------------------------------------------------------------|----------------------------|-------------|----| | | Securities | collateral | 5( | | Gross amounts not offset
Statements of Financial
in the Consolidated | Condition
Financial | Instruments | | | presented in the
Consolidated
Net amounts | Statements of
Financial | Condition | | | Gross amounts
offset in the
Consolidated | Statements of
Financial | Condition | | | Gross | recognized
amounts of | assets | ದ | ### NOTE 15 – SEGMENT INFORMATION maker is the Chief Financial Officer ("CFO") of the Partnership who is also the CFO of JFC and a member of JFC's Enterprise Leadership Team, which is appointed by JFC's Managing Partner. The measurement of assets as Edward Jones is the principal operating subsidiary of JFC and is included in the U.S business segment of JFC. The Partnership is a single operating segment and therefore a single reportable segment. The chief operating decision evaluated by the CFO is reported as "Total assets" on the Consolidated Statement of Financial Condition. {17}------------------------------------------------ Edward D. Jones & Co., L.P. ("Edward Jones") is a registered broker-dealer subject to Rule 17a-5 certain brokers and dealers"). As required by 17 C.F.R. § 240.17a-5(d)(1) and (3), Edward Jones states as promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be made by follows: - Edward Jones has established and maintained Internal Control Over Compliance, as that term is defined in paragraph (d)(3)(ii) of Rule 17a-5; (1) - Edward Jones' Internal Control Over Compliance was effective during the period January 1, 2025 to December 31, 2025; (2) - Edward Jones' Internal Control Over Compliance was effective as of the most recent fiscal year ended December 31, 2025; (3) - Edward Jones was in compliance with 17 C.F.R. § 240.15c3-1 and 17 C.F.R. §240.15c3-3(e) as of the end of the most recent fiscal year ended December 31, 2025; and (4) - §240.15c3-1 and 17 C.F.R. §240.15c3-3(e) was derived from the books and records of Edward The information Edward Jones used to state that Edward Jones was in compliance with 17 C.F.R. Jones. (5) Edward D. Jones & Co., L.P. l, Andrew T. Miedler, affirm that, to my best knowledge and belief, this Compliance Report is true and correct. - /s/ Andrew T. Miedler Bv: - Chief Financial Officer Title: February 27, 2026 {18}------------------------------------------------ ![](_page_18_Picture_0.jpeg) # Report of Independent Registered Public Accounting Firm To the Management of Edward D. Jones & Co., L.P.: We have examined Edward D. Jones & Co., L. P.'s ("Edward Jones") assertions, included in the accompanying Edward D. Jones & Co., L.P.'s Compliance Report, that (1) Edward Jones' internal control over compliance with the financial responsibility rules (as defined below) was effective during the year ended December 31, 2025 based on controls necessary to achieve the objectives of the financial responsibility rules, December 31, 2025 based on controls necessary to achieve the objectives of the financial responsibility rules, (2) Edward Jones' internal control over compliance with the financial responsibility rules was effective as of (3) Edward Jones was in compliance with 17 C.F.R. §§ 240.15c3-1 (the "net capital rule") and 240.15c3-3(e) (the reserve requirements rule") as of December 31, 2025, and (4) the information used to assert that Edward Jones was in compliance with 17 C.F.R. §§ 240.15c3-1 and 240.15c3-3(e) was derived from Edward Jones' books and records. responsibility rules") will be prevented or detected on a timely basis. Edward Jones' management is also responsible for compliance that has the objective of providing Edward Jones with reasonable assurance that non-compliance with 17 securities count rule"), or Rule 2231 of the Financial Industry Regulatory Authority (the "account statements rule"), C.F.R. § 240.15c3-1, 17 C.F.R. § 240.15c3-3 (the "customer protection rule"), 17 C.F.R. § 240.17a-13 ("the quarterly compliance was derived from the books and records. Our responsibility is to express an opinion on Edward Jones' compliance with the net capital rule and the reserve requirements rule and that the information used to assert Edward Jones' management is responsible for establishing and maintaining a system of internal control over which requires account statements to be sent to the customers of Edward Jones (collectively, the "financial assertions based on our examination. opinion. Our examination does not provide a legal determination on Edward D. Jones & Co., L.P.'s compliance with the §§ 240.15c3-1 and 240.15c3-3(e), determining whether the information used to assert compliance with 240.15c3-1 and compliance with the financial responsibility rules, testing and evaluating the Edward Jones' compliance with 17 C.F.R. We conducted our examination in accordance with the standards of the Public Company Accounting Oversight Board about whether (1) Edward Jones' internal control over compliance with the financial responsibility rules was effective as of December 31, 2025 and during the year ended December 31, 2025, (2) Edward Jones complied with 17 C.P.R. §§ C.F.R. §§ 240.15c3-1 and 240.15c3-3(e) as of December 31, 2025 was derived from Edward Jones' books and records. (United States). Those standards require that we plan and perform the examination to obtain reasonable assurance 240.15c3-1 and 240.15c3-3(e) as of December 31, 2025, and (3) the information used to assert compliance with 17 Our examination included testing and evaluating the design and operating effectiveness of internal control over 240.15c3-3(e) was derived from Edward Jones' books and records, and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our financial responsibility rules. Because of its inherent limitations, internal control over compliance may not prevent or detect non-compliance with the financial responsibility rules. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. In our opinion, Edward D. Jones & Co., L.P.'s assertions referred to above are fairly stated, in all material respects. ice water house Coopers February 27, 2026 PricewaterhouseCoopers LLP, 6 Cardinal Way, Suite 1100, St. Louis, Missouri 63102 T: (314) 206 8500, www.pwc.com/us Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.