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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 863 $ 837
Short-term restricted cash and cash equivalents 631 748
Short-term restricted investments 884 629
Cash and cash equivalent margin deposits and guaranty funds 117,610 76,789
Invested deposits, delivery contracts receivable and unsettled variation margin 4,016 4,437
Customer accounts receivable, net of allowance for doubtful accounts of $19 and $21 at March 31, 2026 and December 31, 2025, respectively 2,382 1,552
Prepaid expenses and other current assets 679 786
Total current assets 127,065 85,778
Property and equipment, net 2,707 2,691
Other non-current assets:    
Goodwill 30,634 30,646
Other intangible assets, net 15,108 15,353
Long-term restricted cash and cash equivalents 326 240
Long-term restricted investments 70 141
Other non-current assets 3,267 2,038
Total other non-current assets 49,405 48,418
Total assets 179,177 136,887
Current liabilities:    
Accounts payable and accrued liabilities 1,311 1,078
Accrued salaries and benefits 161 455
Deferred revenue 640 204
Short-term debt 1,751 1,035
Margin deposits and guaranty funds 117,610 76,789
Invested deposits, delivery contracts payable and unsettled variation margin 4,016 4,437
Other current liabilities 200 118
Total current liabilities 125,689 84,116
Non-current liabilities:    
Non-current deferred tax liability, net 4,136 3,998
Long-term debt 18,619 18,609
Accrued employee benefits 173 174
Non-current operating lease liability 615 635
Other non-current liabilities 383 364
Total non-current liabilities 23,926 23,780
Total liabilities 149,615 107,896
Commitments and contingencies
Redeemable non-controlling interests in consolidated subsidiaries 32 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; 655 and 566 shares issued and outstanding at March 31, 2026, respectively, and 653 and 567 shares issued and outstanding at December 31, 2025, respectively 7 7
Treasury stock, at cost; 89 and 86 shares at March 31, 2026 and December 31, 2025, respectively (8,442) (7,792)
Additional paid-in capital 16,767 16,643
Retained earnings 21,397 20,281
Accumulated other comprehensive loss (251) (224)
Total Intercontinental Exchange, Inc. stockholders’ equity 29,478 28,915
Non-controlling interests in consolidated subsidiaries 52 54
Total equity 29,530 28,969
Total liabilities and equity $ 179,177 $ 136,887