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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Total revenues $ 1,652 $ 1,353
Transaction-based expenses:    
Revenues less transaction-based expenses 851 701
Operating expenses:    
Compensation and benefits 239 195
Professional and contract services 27 27
Computer operations and data communications 44 35
Occupancy 28 25
General, administrative and other 13 61
Marketing and advertising 10 9
Depreciation and amortization 63 48
Regulatory 7 7
Merger and strategic initiatives 45 7
Restructuring charges 10 12
Total operating expenses 486 426
Operating income 365 275
Interest income 1 2
Interest expense (29) (26)
Other income 1 5
Net income from unconsolidated investees 57 17
Income before income taxes 395 273
Income tax provision 97 70
Net income attributable to Nasdaq $ 298 $ 203
Per share information:    
Basic earnings per share (in dollars per share) $ 1.81 $ 1.23
Diluted earnings per share (in dollars per share) 1.78 1.22
Cash dividends declared per common share (in dollars per share) $ 0.49 $ 0.47
Transaction rebates    
Transaction-based expenses:    
Transaction-based expenses $ (654) $ (479)
Brokerage, clearance and exchange fees    
Transaction-based expenses:    
Transaction-based expenses (147) (173)
Operating Segments | Market Services    
Revenues:    
Total revenues 1,139 933
Transaction-based expenses:    
Revenues less transaction-based expenses 338 281
Operating expenses:    
Operating income 228 178
Operating Segments | Corporate Platforms    
Revenues:    
Total revenues 155 128
Transaction-based expenses:    
Revenues less transaction-based expenses 155 128
Operating expenses:    
Operating income 65 45
Operating Segments | Investment Intelligence    
Revenues:    
Total revenues 258 211
Transaction-based expenses:    
Revenues less transaction-based expenses 258 211
Operating expenses:    
Operating income 167 134
Operating Segments | Market Technology    
Revenues:    
Total revenues 100 81
Transaction-based expenses:    
Revenues less transaction-based expenses 100 81
Operating expenses:    
Operating income $ (2) $ 8