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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Total revenues $ 1,353 $ 1,039
Transaction-based expenses:    
Revenues less transaction-based expenses 701 634
Operating expenses:    
Compensation and benefits 195 175
Professional and contract services 27 37
Computer operations and data communications 35 33
Occupancy 25 24
General, administrative and other 61 16
Marketing and advertising 9 10
Depreciation and amortization 48 48
Regulatory 7 7
Merger and strategic initiatives 7 9
Restructuring charges 12 0
Total operating expenses 426 359
Operating income 275 275
Interest income 2 3
Interest expense (26) (37)
Net gain on divestiture of business 0 27
Other income 5 0
Net income from unconsolidated investees 17 45
Income before income taxes 273 313
Income tax provision 70 66
Net income attributable to Nasdaq $ 203 $ 247
Per share information:    
Basic earnings per share (in dollars per share) $ 1.23 $ 1.49
Diluted earnings per share (in dollars per share) 1.22 1.48
Cash dividends declared per common share (in dollars per share) $ 0.47 $ 0.44
Transaction rebates    
Transaction-based expenses:    
Transaction-based expenses $ (479) $ (331)
Brokerage, clearance and exchange fees    
Transaction-based expenses:    
Transaction-based expenses (173) (74)
Operating Segments | Market Services    
Revenues:    
Total revenues 933 638
Transaction-based expenses:    
Revenues less transaction-based expenses 281 233
Operating expenses:    
Operating income 178 135
Operating Segments | Corporate Services    
Revenues:    
Total revenues 128 121
Transaction-based expenses:    
Revenues less transaction-based expenses 128 121
Operating expenses:    
Operating income 45 44
Operating Segments | Information Services    
Revenues:    
Total revenues 211 193
Operating Segments | Market Technology    
Revenues:    
Total revenues 81 77
Other Revenues    
Revenues:    
Total revenues $ 0 10
Transaction-based expenses:    
Revenues less transaction-based expenses   $ 10