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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 2,897 $ 2,336 $ 5,698 $ 4,808 CloseClose
Transaction-based expenses:        
Section 31 fees 138 56 205 175
Cash liquidity payments, routing and clearing 442 392 886 849
Total revenues, less transaction-based expenses 2,317 1,888 4,607 3,784
Operating expenses:        
Compensation and benefits 473 351 935 703
Professional services 38 29 74 57
Acquisition-related transaction and integration costs 15 25 51 46
Technology and communication 214 173 419 345
Rent and occupancy 30 25 59 45
Selling, general and administrative 100 63 178 137
Depreciation and amortization 381 267 762 527
Total operating expenses 1,251 933 2,478 1,860 CloseClose
Operating income/(loss) 1,066 955 2,129 1,924 CloseClose
Other income/(expense):         Close
Interest income 36 102 66 193 Close
Interest expense (233) (175) (474) (351) Close
Other income/(expense), net (8) (35) 104 (70) Close
Total other income/(expense), net (205) (108) (304) (228) CloseCloseClose
Total Other Income Expenses -410.0 -216.0 -608.0 -456.0 0.0 Close
Income before income tax expense 861 847 1,825 1,696 CloseCloseClose
Income tax expense 222 32 403 207 CloseClose
Net income 639 815 1,422 1,489 CloseClose
Net income attributable to non-controlling interest (7) (16) (23) (35)
Net income attributable to Intercontinental Exchange, Inc. $ 632 $ 799 $ 1,399 $ 1,454
Earnings per share attributable to Intercontinental Exchange, Inc. common stockholders:        
Basic (in dollars per share) $ 1.10 $ 1.43 $ 2.44 $ 2.60
Diluted (in dollars per share) $ 1.10 $ 1.42 $ 2.43 $ 2.59
Weighted average common shares outstanding:        
Basic (in shares) 573 560 573 560
Diluted (in shares) 575 561 575 561
Exchanges        
Revenues:        
Total revenues $ 1,826 $ 1,541 $ 3,560 $ 3,214
Fixed income and data services        
Revenues:        
Total revenues 565 546 1,133 1,109
Mortgage technology        
Revenues:        
Total revenues $ 506 $ 249 $ 1,005 $ 485