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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Total revenues $ 2,277 $ 1,930 $ 6,840 $ 6,011
Transaction-based expenses:        
Section 31 fees 38 145 204 465
Cash liquidity payments, routing and clearing 437 374 1,330 1,181
Total revenues, less transaction-based expenses 1,802 1,411 5,306 4,365
Operating expenses:        
Compensation and benefits 374 298 1,093 849
Professional services 43 37 124 100
Acquisition-related transaction and integration costs 14 76 42 90
Technology and communication 168 131 495 388
Rent and occupancy 20 19 61 59
Selling, general and administrative 52 43 163 132
Depreciation and amortization 253 180 759 494
Total operating expenses 924 784 2,737 2,112
Operating income 878 627 2,569 2,253
Other income (expense):        
Interest income 0 1 0 9
Interest expense (108) (89) (321) (245)
Other income, net 54 44 1,341 75
Other income (expense), net (54) (44) 1,020 (161)
Income before income tax expense 824 583 3,589 2,092
Income tax expense 187 189 1,049 512
Net income 637 394 2,540 1,580
Net income attributable to non-controlling interest (4) (4) (9) (17)
Net income attributable to Intercontinental Exchange, Inc. $ 633 $ 390 $ 2,531 $ 1,563
Earnings per share attributable to Intercontinental Exchange, Inc. common stockholders:        
Basic (in dollars per share) $ 1.12 $ 0.71 $ 4.50 $ 2.85
Diluted (in dollars per share) $ 1.12 $ 0.71 $ 4.48 $ 2.83
Weighted average common shares outstanding:        
Basic (in shares) 563 548 563 549
Diluted (in shares) 566 551 565 552
Exchanges        
Revenues:        
Total revenues $ 1,434 $ 1,337 $ 4,376 $ 4,406
Fixed income and data services        
Revenues:        
Total revenues 477 450 1,403 1,360
Mortgage technology        
Revenues:        
Total revenues $ 366 $ 143 $ 1,061 $ 245