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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Total revenues $ 2,387 $ 2,277 $ 7,259 $ 6,840
Transaction-based expenses:        
Section 31 fees 158 38 332 204
Cash liquidity payments, routing and clearing 418 437 1,403 1,330
Total revenues, less transaction-based expenses 1,811 1,802 5,524 5,306
Operating expenses:        
Compensation and benefits 344 374 1,058 1,093
Professional services 32 43 101 124
Acquisition-related transaction and integration costs 19 14 81 42
Technology and communication 169 168 513 495
Rent and occupancy 22 20 63 61
Selling, general and administrative 54 52 166 163
Depreciation and amortization 258 253 768 759
Total operating expenses 898 924 2,750 2,737
Operating income 913 878 2,774 2,569
Other income/(expense):        
Interest income 33 0 42 0
Interest expense (176) (108) (440) (321)
Other income/(expense), net (1,097) 54 (1,132) 1,341
Other income/(expense), net (1,240) (54) (1,530) 1,020
Income/(loss) before income tax expense/(benefit) (327) 824 1,244 3,589
Income tax expense/(benefit) (152) 187 186 1,049
Net income/(loss) (175) 637 1,058 2,540
Net income attributable to non-controlling interest (16) (4) (37) (9)
Net income/(loss) attributable to Intercontinental Exchange, Inc. $ (191) $ 633 $ 1,021 $ 2,531
Earnings/(loss) per share attributable to Intercontinental Exchange, Inc. common stockholders:        
Basic (in dollars per share) $ (0.34) $ 1.12 $ 1.83 $ 4.50
Diluted (in dollars per share) $ (0.34) $ 1.12 $ 1.82 $ 4.48
Weighted average common shares outstanding:        
Basic (in shares) 558 563 559 563
Diluted (in shares) 560 566 561 565
Exchanges        
Revenues:        
Total revenues $ 1,577 $ 1,434 $ 4,824 $ 4,376
Fixed income and data services        
Revenues:        
Total revenues 534 477 1,555 1,403
Mortgage technology        
Revenues:        
Total revenues $ 276 $ 366 $ 880 $ 1,061