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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Total revenues $ 974.5 $ 1,010.8
Cost of revenues:    
Total cost of revenues 556.4 645.3
Revenues less cost of revenues 418.1 365.5
Operating expenses:    
Compensation and benefits 81.2 72.3
Depreciation and amortization 40.9 42.0
Technology support services 19.2 17.2
Professional fees and outside services 19.7 15.6
Travel and promotional expenses 2.9 1.6
Facilities costs 6.5 5.3
Acquisition-related costs 2.0 3.4
Other expenses 6.0 3.5
Total operating expenses 178.4 160.9
Operating income 239.7 204.6
Non-operating (expenses) income:    
Interest expense, net (10.8) (12.3)
Other (expense) income, net (4.0) 0.6
Income before income tax provision 224.9 192.9
Income tax provision 115.3 55.7
Net income 109.6 137.2
Net income allocated to participating securities (0.4) (0.4)
Net income allocated to common stockholders $ 109.2 $ 136.8
Basic earnings per share (in dollars per share) $ 1.02 $ 1.27
Diluted earnings per share (in dollars per share) $ 1.02 $ 1.27
Basic weighted average shares outstanding (in shares) 106.6 107.3
Diluted weighted average shares outstanding (in shares) 106.8 107.4
Cash and spot markets    
Revenues:    
Total revenues $ 461.9 $ 548.9
Data and access solutions    
Revenues:    
Total revenues 118.9 100.6
Derivatives markets    
Revenues:    
Total revenues 393.7 361.3
Liquidity payments    
Cost of revenues:    
Total cost of revenues 467.5 501.8
Routing and clearing    
Cost of revenues:    
Total cost of revenues 22.3 27.1
Section 31 fees    
Cost of revenues:    
Total cost of revenues 35.7 91.9
Royalty fees and other cost of revenues    
Cost of revenues:    
Total cost of revenues $ 30.9 $ 24.5