XML 91 R40.htm IDEA: XBRL DOCUMENT v3.26.1
Revenue Recognition - Schedule of Revenue Recognition (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Disaggregation of Revenue [Line Items]    
Total revenues $ 3,666 $ 3,229
Transaction-based expenses 689 756
Total revenues, less transaction-based expenses 2,977 2,473
Data services revenues    
Disaggregation of Revenue [Line Items]    
Total revenues 277 246
Services transferred at a point in time    
Disaggregation of Revenue [Line Items]    
Total revenues, less transaction-based expenses 1,446 1,076
Services transferred over time    
Disaggregation of Revenue [Line Items]    
Total revenues, less transaction-based expenses 1,531 1,397
Exchanges Segment    
Disaggregation of Revenue [Line Items]    
Total revenues 2,470 2,123
Transaction-based expenses 689 756
Total revenues, less transaction-based expenses 1,781 1,367
Exchanges Segment | Data services revenues    
Disaggregation of Revenue [Line Items]    
Total revenues 277 246
Exchanges Segment | Net Interest Income    
Disaggregation of Revenue [Line Items]    
Total revenues   25
Revenue related to net interest income earned 28  
Exchanges Segment | Services transferred at a point in time    
Disaggregation of Revenue [Line Items]    
Total revenues, less transaction-based expenses 1,182 852
Exchanges Segment | Services transferred over time    
Disaggregation of Revenue [Line Items]    
Total revenues, less transaction-based expenses 599 515
Exchanges Segment | Services transferred over time | Data services revenues    
Disaggregation of Revenue [Line Items]    
Total revenues, less transaction-based expenses 277 246
Exchanges Segment | Services transferred over time | Services transferred over time related to risk management of open interest performance obligations    
Disaggregation of Revenue [Line Items]    
Total revenues, less transaction-based expenses 161 109
Exchanges Segment | Services transferred over time | Services transferred over time related to listings    
Disaggregation of Revenue [Line Items]    
Total revenues, less transaction-based expenses 128 122
Exchanges Segment | Services transferred over time | Services transferred over time related to regulatory fees, trading permits, and software licenses    
Disaggregation of Revenue [Line Items]    
Total revenues, less transaction-based expenses 33 38
Fixed Income and Data Services Segment    
Disaggregation of Revenue [Line Items]    
Total revenues 657 596
Transaction-based expenses 0 0
Total revenues, less transaction-based expenses 657 596
Fixed Income and Data Services Segment | Data services revenues    
Disaggregation of Revenue [Line Items]    
Total revenues 0 0
Fixed Income and Data Services Segment | Net Interest Income    
Disaggregation of Revenue [Line Items]    
Total revenues   26
Revenue related to net interest income earned 26  
Fixed Income and Data Services Segment | Services transferred at a point in time    
Disaggregation of Revenue [Line Items]    
Total revenues, less transaction-based expenses 129 114
Fixed Income and Data Services Segment | Services transferred over time    
Disaggregation of Revenue [Line Items]    
Total revenues, less transaction-based expenses 528 482
Fixed Income and Data Services Segment | Services transferred over time | Services transferred over time related to risk management of open interest performance obligations    
Disaggregation of Revenue [Line Items]    
Total revenues, less transaction-based expenses 14 11
Fixed Income and Data Services Segment | Services transferred over time | Data services revenues    
Disaggregation of Revenue [Line Items]    
Total revenues, less transaction-based expenses 514 471
Mortgage Technology Segment    
Disaggregation of Revenue [Line Items]    
Total revenues 539 510
Transaction-based expenses 0 0
Total revenues, less transaction-based expenses 539 510
Mortgage Technology Segment | Data services revenues    
Disaggregation of Revenue [Line Items]    
Total revenues 0 0
Mortgage Technology Segment | Services transferred at a point in time    
Disaggregation of Revenue [Line Items]    
Total revenues, less transaction-based expenses 135 110
Mortgage Technology Segment | Services transferred over time    
Disaggregation of Revenue [Line Items]    
Total revenues, less transaction-based expenses 404 400
Mortgage Technology Segment | Services transferred over time | Recurring revenues    
Disaggregation of Revenue [Line Items]    
Total revenues, less transaction-based expenses 401 397
Mortgage Technology Segment | Services transferred over time | Other    
Disaggregation of Revenue [Line Items]    
Total revenues, less transaction-based expenses $ 3 $ 3