Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following tables summarize the disaggregation of

revenue by major product and service and by segment for the

three and six months ended June 30, 2026 and 2025:

	Three Months Ended June 30,
	2026	2025
	(in millions)
Capital Access Platforms:
Data & Listing Services	$217	$198
Index	271	196
Workflow & Insights	133	126
Financial Technology:
Financial Crime Management Technology	98	81
Regulatory Technology	120	104
Capital Markets Technology	321	279
Market Services, net	340	306
Other revenues	—	16
Revenues less transaction-based expenses	$1,500	$1,306
	Six Months Ended June 30,
	2026	2025
	(in millions)
Capital Access Platforms
Data & Listing Services	$431	$391
Index	491	388
Workflow & Insights	264	249
Financial Technology
Financial Crime Management Technology	191	157
Regulatory Technology	238	206
Capital Markets Technology	628	533
Market Services, net	657	587
Other revenues	8	32
Revenues less transaction-based expenses	$2,908	$2,543

Schedule of Remaining Performance Obligation

The following table summarizes the amount of the

transaction price allocated to performance obligations that are

unsatisfied, for contract durations greater than one year, as of

June 30, 2026:

	Financial Crime Management Technology	Regulatory Technology	Capital Markets Technology	Workflow & Insights	Total
	(in millions)
Remainder of 2026	$186	$183	$207	$95	$671
2027	329	320	348	135	1,132
2028	219	241	280	66	806
2029	104	136	175	32	447
2030	29	91	114	22	256
2031+	6	43	253	—	302
Total	$873	$1,014	$1,377	$350	$3,614