Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 837	$ 844
Short-term restricted cash and cash equivalents	748	1,142
Short-term restricted investments	629	594
Cash and cash equivalent margin deposits and guaranty funds	76,789	82,149
Invested deposits, delivery contracts receivable and unsettled variation margin	4,437	2,163
Customer accounts receivable, net of allowance for doubtful accounts of $21 at both December 31, 2025 and 2024	1,552	1,490
Prepaid expenses and other current assets	786	713
Total current assets	85,778	89,095
Property and equipment, net	2,691	2,153
Other non-current assets:
Goodwill	30,646	30,595
Other intangible assets, net	15,353	16,306
Long-term restricted cash and cash equivalents	240	368
Long-term restricted investments	141	2
Other non-current assets	2,038	909
Total other non-current assets	48,418	48,180
Total assets	136,887	139,428
Current liabilities:
Accounts payable and accrued liabilities	1,078	1,051
Section 31 fees payable	0	316
Accrued salaries and benefits	455	438
Deferred revenue	204	236
Short-term debt	1,035	3,027
Margin deposits and guaranty funds	76,789	82,149
Invested deposits, delivery contracts payable and unsettled variation margin	4,437	2,163
Other current liabilities	118	173
Total current liabilities	84,116	89,553
Non-current liabilities:
Non-current deferred tax liability, net	3,998	3,904
Long-term debt	18,609	17,341
Accrued employee benefits	174	170
Non-current operating lease liability	635	335
Other non-current liabilities	364	405
Total non-current liabilities	23,780	22,155
Total liabilities	107,896	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 authorized; 653 and 567 shares issued and outstanding at December 31, 2025, respectively, and 651 and 574 shares issued and outstanding at December 31, 2024, respectively	7	7
Treasury stock, at cost; 86 and 77 shares at December 31, 2025 and December 31, 2024, respectively	(7,792)	(6,385)
Additional paid-in capital	16,643	16,292
Retained earnings	20,281	18,071
Accumulated other comprehensive loss	(224)	(338)
Total Intercontinental Exchange, Inc. stockholders’ equity	28,915	27,647
Non-controlling interests in consolidated subsidiaries	54	51
Total equity	28,969	27,698
Total liabilities and equity	$ 136,887	$ 139,428