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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 2,429 $ 2,387 $ 7,237 $ 7,259 Close
Transaction-based expenses:        
Section 31 fees 56 158 231 332
Cash liquidity payments, routing and clearing 370 418 1,219 1,403
Total revenues, less transaction-based expenses 2,003 1,811 5,787 5,524
Operating expenses:        
Compensation and benefits 400 344 1,103 1,058
Professional services 31 32 88 101
Acquisition-related transaction and integration costs 155 19 201 81
Technology and communication 184 169 529 513
Rent and occupancy 20 22 65 63
Selling, general and administrative 59 54 196 166
Depreciation and amortization 309 258 836 768
Total operating expenses 1,158 898 3,018 2,750 Close
Operating income 845 913 2,769 2,774 Close
Other income/(expense):        
Interest income 94 33 287 42
Interest expense (206) (176) (557) (440)
Other expense, net (51) (1,097) (121) (1,132)
Total other income/(expense), net (163) (1,240) (391) (1,530) Close
Income/(loss) before income tax expense 682 (327) 2,378 1,244 Close
Income tax expense/(benefit) 123 (152) 330 186 Close
Net income/(loss) 559 (175) 2,048 1,058 Close
Net income attributable to non-controlling interest (18) (16) (53) (37)
Net income/(loss) attributable to Intercontinental Exchange, Inc. $ 541 $ (191) $ 1,995 $ 1,021
Earnings/(loss) per share attributable to Intercontinental Exchange, Inc. common stockholders:        
Basic (in dollars per share) $ 0.96 $ (0.34) $ 3.56 $ 1.83
Diluted (in dollars per share) $ 0.96 $ (0.34) $ 3.55 $ 1.82
Weighted average common shares outstanding:        
Basic (in shares) 563 558 561 559
Diluted (in shares) 565 560 562 561
Exchanges        
Revenues:        
Total revenues $ 1,540 $ 1,577 $ 4,754 $ 4,824
Fixed income and data services        
Revenues:        
Total revenues 559 534 1,668 1,555
Mortgage technology        
Revenues:        
Total revenues $ 330 $ 276 $ 815 $ 880