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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Total revenues $ 1,663 $ 1,463 $ 4,880 $ 4,599
Transaction-based expenses:        
Section 31 fees 105 61 274 272
Cash liquidity payments, routing and clearing 222 202 702 656
Total revenues, less transaction-based expenses 1,336 1,200 3,904 3,671
Operating expenses:        
Compensation and benefits 261 251 768 732
Professional services 35 32 97 91
Acquisition-related transaction and integration costs 0 6 1 33
Technology and communication 126 107 346 320
Rent and occupancy 17 17 52 50
Selling, general and administrative 33 37 116 109
Depreciation and amortization 158 148 473 429
Total operating expenses 630 598 1,853 1,764
Operating income 706 602 2,051 1,907
Other income (expense):        
Interest income 8 6 27 15
Interest expense (72) (66) (214) (173)
Other income, net (2) 12 30 33
Other income (expense), net (66) (48) (157) (125)
Income before income tax expense 640 554 1,894 1,782
Income tax expense 103 89 387 381
Net income 537 465 1,507 1,401
Net income attributable to non-controlling interest (8) (7) (22) (24)
Net income attributable to Intercontinental Exchange, Inc. $ 529 $ 458 $ 1,485 $ 1,377
Earnings per share attributable to Intercontinental Exchange, Inc. common stockholders:        
Basic (in dollars per share) $ 0.95 $ 0.80 $ 2.64 $ 2.39
Diluted (in dollars per share) $ 0.94 $ 0.79 $ 2.62 $ 2.37
Weighted average common shares outstanding:        
Basic (in shares) 559 572 563 577
Diluted (in shares) 563 576 566 581
Transaction and clearing, net        
Revenues:        
Total revenues $ 929 $ 760 $ 2,698 $ 2,522
Data services        
Revenues:        
Total revenues 553 530 1,652 1,576
Listings        
Revenues:        
Total revenues 114 112 336 332
Other revenues        
Revenues:        
Total revenues $ 67 $ 61 $ 194 $ 169