Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 850	$ 844
Short-term restricted cash and cash equivalents	1,123	1,142
Short-term restricted investments	247	594
Cash and cash equivalent margin deposits and guaranty funds	83,607	82,149
Invested deposits, delivery contracts receivable and unsettled variation margin	2,636	2,163
Customer accounts receivable, net of allowance for doubtful accounts of $22 and $21 at September 30, 2025 and December 31, 2024, respectively	1,543	1,490
Prepaid expenses and other current assets	840	713
Total current assets	90,846	89,095
Property and equipment, net	2,413	2,153
Other non-current assets:
Goodwill	30,643	30,595
Other intangible assets, net	15,589	16,306
Long-term restricted cash and cash equivalents	241	368
Long-term restricted investments	129	2
Other non-current assets	1,040	909
Total other non-current assets	47,642	48,180
Total assets	140,901	139,428
Current liabilities:
Accounts payable and accrued liabilities	1,042	1,051
Section 31 fees payable	0	316
Accrued salaries and benefits	342	438
Deferred revenue	361	236
Short-term debt	1,667	3,027
Margin deposits and guaranty funds	83,607	82,149
Invested deposits, delivery contracts payable and unsettled variation margin	2,636	2,163
Other current liabilities	125	173
Total current liabilities	89,780	89,553
Non-current liabilities:
Non-current deferred tax liability, net	4,000	3,904
Long-term debt	17,366	17,341
Accrued employee benefits	167	170
Non-current operating lease liability	476	335
Other non-current liabilities	403	405
Total non-current liabilities	22,412	22,155
Total liabilities	112,192	111,708
Commitments and contingencies
Redeemable non-controlling interest in consolidated subsidiaries	22	22
Intercontinental Exchange, Inc. stockholders’ equity:
Preferred stock, $0.01 par value; 100 shares authorized; none issued or outstanding	0	0
Common stock, $0.01 par value; 1,500 shares authorized; 653 and 651 issued at September 30, 2025 and December 31, 2024, respectively, and 570 and 574 shares outstanding at September 30, 2025 and December 31, 2024, respectively	7	7
Treasury stock, at cost; 83 and 77 shares at September 30, 2025 and December 31, 2024, respectively	(7,388)	(6,385)
Additional paid-in capital	16,568	16,292
Retained earnings	19,704	18,071
Accumulated other comprehensive loss	(247)	(338)
Total Intercontinental Exchange, Inc. stockholders’ equity	28,644	27,647
Non-controlling interests in consolidated subsidiaries	43	51
Total equity	28,687	27,698
Total liabilities and equity	$ 140,901	$ 139,428