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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Transaction and clearing, net $ 758 $ 777 $ 2,373 $ 2,566
Data services 518 489 1,559 1,463
Listings 102 106 315 314
Other revenues 54 44 148 131
Total revenues 1,432 1,416 4,395 4,474
Transaction-based expenses:        
Section 31 fees 92 94 275 290
Cash liquidity payments, routing and clearing 197 244 635 823
Total revenues, less transaction-based expenses 1,143 1,078 3,485 3,361
Operating expenses:        
Compensation and benefits 231 236 710 708
Professional services 30 32 94 101
Acquisition-related transaction and integration costs 4 14 27 61
Technology and communication 99 93 294 277
Rent and occupancy 17 17 52 52
Selling, general and administrative 38 31 117 83
Depreciation and amortization 128 181 404 470
Total operating expenses 547 604 1,698 1,752
Operating income 596 474 1,787 1,609
Other income (expense):        
Interest expense (47) (44) (137) (134)
Other income, net 11 13 198 24
Other income (expense), net (36) (31) 61 (110)
Income before income tax expense 560 443 1,848 1,499
Income tax expense 185 93 537 409
Net income 375 350 1,311 1,090
Net income attributable to non-controlling interest (6) (6) (22) (20)
Net income attributable to Intercontinental Exchange, Inc. $ 369 $ 344 $ 1,289 $ 1,070
Earnings per share attributable to Intercontinental Exchange, Inc. common shareholders:        
Basic (in dollars per share) $ 0.63 $ 0.58 $ 2.18 $ 1.80
Diluted (in dollars per share) $ 0.62 $ 0.57 $ 2.17 $ 1.79
Weighted average common shares outstanding:        
Basic (in shares) 588 596 591 595
Diluted (in shares) 592 600 595 599
Dividend per share (in dollars per share) $ 0.20 $ 0.17 $ 0.60 $ 0.51