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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 3,033 $ 2,429 $ 8,731 $ 7,237
Transaction-based expenses:        
Section 31 fees 232 56 437 231
Cash liquidity payments, routing and clearing 452 370 1,338 1,219
Total revenues, less transaction-based expenses 2,349 2,003 6,956 5,787
Operating expenses:        
Compensation and benefits 487 400 1,422 1,103
Professional services 40 31 114 88
Acquisition-related transaction and integration costs 37 155 88 201
Technology and communication 212 184 631 529
Rent and occupancy 30 20 89 65
Selling, general and administrative 54 59 232 196
Depreciation and amortization 386 309 1,148 836
Total operating expenses 1,246 1,158 3,724 3,018
Operating income/(loss) 1,103 845 3,232 2,769
Other income/(expense):        
Interest income 39 94 105 287
Interest expense (223) (206) (697) (557)
Other income/(expense), net (21) (51) 83 (121)
Total other income/(expense), net (205) (163) (509) (391)
Income before income tax expense 898 682 2,723 2,378
Income tax expense 227 123 630 330
Net income 671 559 2,093 2,048
Net income attributable to non-controlling interest (14) (18) (37) (53)
Net income attributable to Intercontinental Exchange, Inc. $ 657 $ 541 $ 2,056 $ 1,995
Earnings per share attributable to Intercontinental Exchange, Inc. common stockholders:        
Basic (in dollars per share) $ 1.15 $ 0.96 $ 3.59 $ 3.56
Diluted (in dollars per share) $ 1.14 $ 0.96 $ 3.57 $ 3.55
Weighted average common shares outstanding:        
Basic (in shares) 574 563 573 561
Diluted (in shares) 577 565 576 562
Exchanges        
Revenues:        
Total revenues $ 1,938 $ 1,540 $ 5,498 $ 4,754
Fixed income and data services        
Revenues:        
Total revenues 586 559 1,719 1,668
Mortgage technology        
Revenues:        
Total revenues $ 509 $ 330 $ 1,514 $ 815