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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenues $ 1,966 $ 1,634 $ 4,081 $ 3,217
Transaction-based expenses:        
Section 31 fees 154 100 320 169
Cash liquidity payments, routing and clearing 417 236 807 480
Total revenues, less transaction-based expenses 1,395 1,298 2,954 2,568
Operating expenses:        
Compensation and benefits 273 259 551 507
Professional services 34 29 63 62
Acquisition-related transaction and integration costs 2 1 14 1
Technology and communication 126 113 257 220
Rent and occupancy 19 18 40 35
Selling, general and administrative 40 41 89 83
Depreciation and amortization 157 157 314 315
Total operating expenses 651 618 1,328 1,223
Operating income 744 680 1,626 1,345
Other income (expense):        
Interest income 2 10 8 19
Interest expense (84) (71) (156) (142)
Other income, net 11 9 31 32
Other income (expense), net (71) (52) (117) (91)
Income before income tax expense 673 628 1,509 1,254
Income tax expense 145 150 323 284
Net income 528 478 1,186 970
Net income attributable to non-controlling interest (5) (6) (13) (14)
Net income attributable to Intercontinental Exchange, Inc. $ 523 $ 472 $ 1,173 $ 956
Earnings per share attributable to Intercontinental Exchange, Inc. common stockholders:        
Basic (in dollars per share) $ 0.96 $ 0.84 $ 2.14 $ 1.69
Diluted (in dollars per share) $ 0.95 $ 0.84 $ 2.13 $ 1.68
Weighted average common shares outstanding:        
Basic (in shares) 546 563 549 565
Diluted (in shares) 549 566 552 568
Transaction and clearing, net        
Revenues:        
Total revenues $ 1,207 $ 907 $ 2,571 $ 1,769
Data services        
Revenues:        
Total revenues 574 553 1,138 1,099
Listings        
Revenues:        
Total revenues 111 111 223 222
Other revenues        
Revenues:        
Total revenues $ 74 $ 63 $ 149 $ 127