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Quarterly Financial Data (Tables)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
The following table has been prepared from our financial records and reflects all adjustments that are necessary for a fair presentation of the results of operations for the interim periods presented (in millions, except per share amounts):
 
1st Qtr
 
2nd Qtr
 
3rd Qtr
 
4th Qtr
Year Ended December 31, 2016(a)
 
 
 
 
 
 
 
Revenues, less transaction-based expenses
$
1,154

 
$
1,129

 
$
1,078

 
$
1,138

Operating income
584

 
551

 
474

 
558

Net income attributable to Intercontinental Exchange, Inc.
369

 
357

 
344

 
352

Earnings per common share(b):
 
 
 
 
 
 
 
Basic
$
0.62

 
$
0.60

 
$
0.58

 
$
0.59

Diluted
$
0.62

 
$
0.60

 
$
0.57

 
$
0.59

 
 
 
 
 
 
 
 
Year Ended December 31, 2015(a)
 
 
 
 
 
 
 
Revenues, less transaction-based expenses
$
850

 
$
797

 
$
816

 
$
875

Operating income
462

 
430

 
440

 
418

Net income attributable to Intercontinental Exchange, Inc.
315

 
283

 
306

 
370

Earnings per common share(b):
 
 
 
 
 
 
 
Basic
$
0.56

 
$
0.51

 
$
0.55

 
$
0.66

Diluted
$
0.56

 
$
0.51

 
$
0.55

 
$
0.66