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Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
Financial data for our business segments is as follows for the three months ended March 31, 2024 and 2023 (in millions):
Three Months Ended March 31, 2024
ExchangesFixed Income and Data ServicesMortgage Technology Consolidated
Revenues:
Energy futures and options$457 $— $— $457 
Agricultural and metals futures and options72 — — 72 
Financial futures and options135 — — 135 
Cash equities and equity options610 — — 610 
OTC and other 103 — — 103 
Data and connectivity services235 — — 235 
Listings122 — — 122 
Fixed income execution— 26 — 26 
CDS clearing— 93 — 93 
Fixed income data and analytics— 288 — 288 
Other data and network services— 161 — 161 
Origination technology— — 174 174 
Closing solutions— — 44 44 
Servicing software— — 214 214 
Data and analytics— — 67 67 
Revenues1,734 568 499 2,801 
Transaction-based expenses511 — — 511 
Revenues, less transaction-based expenses1,223 568 499 2,290 
Operating expenses326 354 547 1,227 
Operating income/(loss)$897 $214 $(48)$1,063 
Three Months Ended March 31, 2023
ExchangesFixed Income and Data ServicesMortgage Technology Consolidated
Revenues:
Energy futures and options$345 $— $— $345 
Agricultural and metals futures and options70 — — 70 
Financial futures and options128 — — 128 
Cash equities and equity options671 — — 671 
OTC and other 101 — — 101 
Data and connectivity services232 — — 232 
Listings126 — — 126 
Fixed income execution— 32 — 32 
CDS clearing— 101 — 101 
Fixed income data and analytics— 276 — 276 
Other data and network services— 154 — 154 
Origination technology— — 174 174 
Closing solutions— — 41 41 
Servicing software— — — — 
Data and analytics— — 21 21 
Revenues1,673 563 236 2,472 
Transaction-based expenses576 — — 576 
Revenues, less transaction-based expenses1,097 563 236 1,896 
Operating expenses320 343 264 927 
Operating income/(loss)$777 $220 $(28)$969