Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial data for our business segments is as follows for the nine and three months ended September 30, 2022 and 2021 (in millions):

	Nine Months Ended September 30, 2022
	Exchanges		Fixed Income and Data Services		Mortgage Technology		Consolidated
Revenues:
Energy futures and options	$	884	$	—	$	—	$	884
Agricultural and metals futures and options	179		—		—		179
Financial futures and options	375		—		—		375
Cash equities and equity options	2,021		—		—		2,021
OTC and other	326		—		—		326
Data and connectivity services	651		—		—		651
Listings	388		—		—		388
Fixed income execution	—		66		—		66
CDS clearing	—		226		—		226
Fixed income data and analytics	—		824		—		824
Other data and network services	—		439		—		439
Origination technology	—		—		586		586
Closing solutions	—		—		187		187
Data and analytics	—		—		66		66
Other	—		—		41		41
Revenues	4,824		1,555		880		7,259
Transaction-based expenses	1,735		—		—		1,735
Revenues, less transaction-based expenses	3,089		1,555		880		5,524
Operating expenses	904		1,029		817		2,750
Operating income	$	2,185	$	526	$	63	$	2,774

	Nine Months Ended September 30, 2021
	Exchanges		Fixed Income and Data Services		Mortgage Technology		Consolidated
Revenues:
Energy futures and options	$	900	$	—	$	—	$	900
Agricultural and metals futures and options	177		—		—		177
Financial futures and options	281		—		—		281
Cash equities and equity options	1,800		—		—		1,800
OTC and other	239		—		—		239
Data and connectivity services	623		—		—		623
Listings	356		—		—		356
Fixed income execution	—		39		—		39
CDS clearing	—		144		—		144
Fixed income data and analytics	—		804		—		804
Other data and network services	—		416		—		416
Origination technology	—		—		740		740
Closing solutions	—		—		227		227
Data and analytics	—		—		55		55
Other	—		—		39		39
Revenues	4,376		1,403		1,061		6,840
Transaction-based expenses	1,534		—		—		1,534
Revenues, less transaction-based expenses	2,842		1,403		1,061		5,306
Operating expenses	977		1,010		750		2,737
Operating income	$	1,865	$	393	$	311	$	2,569

	Three Months Ended September 30, 2022
	Exchanges		Fixed Income and Data Services		Mortgage Technology		Consolidated
Revenues:
Energy futures and options	$	266	$	—	$	—	$	266
Agricultural and metals futures and options	57		—		—		57
Financial futures and options	122		—		—		122
Cash equities and equity options	664		—		—		664
OTC and other	121		—		—		121
Data and connectivity services	219		—		—		219
Listings	128		—		—		128
Fixed income execution	—		26		—		26
CDS clearing	—		88		—		88
Fixed income data and analytics	—		273		—		273
Other data and network services	—		147		—		147
Origination technology	—		—		187		187
Closing solutions	—		—		53		53
Data and analytics	—		—		22		22
Other	—		—		14		14
Revenues	1,577		534		276		2,387
Transaction-based expenses	576		—		—		576
Revenues, less transaction-based expenses	1,001		534		276		1,811
Operating expenses	301		337		260		898
Operating income	$	700	$	197	$	16	$	913

	Three Months Ended September 30, 2021
	Exchanges		Fixed Income and Data Services		Mortgage Technology		Consolidated
Revenues:
Energy futures and options	$	316	$	—	$	—	$	316
Agricultural and metals futures and options	56		—		—		56
Financial futures and options	93		—		—		93
Cash equities and equity options	554		—		—		554
OTC and other	84		—		—		84
Data and connectivity services	208		—		—		208
Listings	123		—		—		123
Fixed income execution	—		12		—		12
CDS clearing	—		51		—		51
Fixed income data and analytics	—		272		—		272
Other data and network services	—		142		—		142
Origination technology	—		—		245		245
Closing solutions	—		—		88		88
Data and analytics	—		—		19		19
Other	—		—		14		14
Revenues	1,434		477		366		2,277
Transaction-based expenses	475		—		—		475
Revenues, less transaction-based expenses	959		477		366		1,802
Operating expenses	330		338		256		924
Operating income	$	629	$	139	$	110	$	878