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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 2,336 $ 2,413 $ 4,808 $ 4,872
Transaction-based expenses:        
Section 31 fees 56 123 175 174
Cash liquidity payments, routing and clearing 392 476 849 985
Total revenues, less transaction-based expenses 1,888 1,814 3,784 3,713
Operating expenses:        
Compensation and benefits 351 355 703 714
Professional services 29 35 57 69
Acquisition-related transaction and integration costs 25 53 46 62
Technology and communication 173 169 345 344
Rent and occupancy 25 20 45 41
Selling, general and administrative 63 57 137 112
Depreciation and amortization 267 256 527 510
Total operating expenses 933 945 1,860 1,852
Operating income 955 869 1,924 1,861
Other income/(expense):        
Interest income 102 8 193 9
Interest expense (175) (161) (351) (264)
Other income/(expense), net (35) 23 (70) (35)
Total other income/(expense), net (108) (130) (228) (290)
Income before income tax expense 847 739 1,696 1,571
Income tax expense 32 173 207 338
Net income 815 566 1,489 1,233
Net income attributable to non-controlling interest (16) (11) (35) (21)
Net income attributable to Intercontinental Exchange, Inc. $ 799 $ 555 $ 1,454 $ 1,212
Earnings per share attributable to Intercontinental Exchange, Inc. common stockholders:        
Basic (in dollars per share) $ 1.43 $ 0.99 $ 2.60 $ 2.17
Diluted (in dollars per share) $ 1.42 $ 0.99 $ 2.59 $ 2.16
Weighted average common shares outstanding:        
Basic (in shares) 560 558 560 560
Diluted (in shares) 561 560 561 562
Exchanges        
Revenues:        
Total revenues $ 1,541 $ 1,604 $ 3,214 $ 3,247
Fixed income and data services        
Revenues:        
Total revenues 546 512 1,109 1,021
Mortgage technology        
Revenues:        
Total revenues $ 249 $ 297 $ 485 $ 604