Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Financial data for our business segments is as follows for the nine and three months ended September 30, 2023 and 2022 (in millions):

	Nine Months Ended September 30, 2023
	Exchanges		Fixed Income and Data Services		Mortgage Technology		Consolidated
Revenues:
Energy futures and options	$	1,084	$	—	$	—	$	1,084
Agricultural and metals futures and options	208		—		—		208
Financial futures and options	344		—		—		344
Cash equities and equity options	1,734		—		—		1,734
OTC and other	309		—		—		309
Data and connectivity services	699		—		—		699
Listings	376		—		—		376
Fixed income execution	—		89		—		89
CDS clearing	—		279		—		279
Fixed income data and analytics	—		832		—		832
Other data and network services	—		468		—		468
Origination technology	—		—		524		524
Closing solutions	—		—		136		136
Servicing software	—		—		69		69
Data and analytics	—		—		86		86
Revenues	4,754		1,668		815		7,237
Transaction-based expenses	1,450		—		—		1,450
Revenues, less transaction-based expenses	3,304		1,668		815		5,787
Operating expenses	944		1,057		1,017		3,018
Operating income/(loss)	$	2,360	$	611	$	(202)	$	2,769

	Three Months Ended September 30, 2023
	Exchanges		Fixed Income and Data Services		Mortgage Technology		Consolidated
Revenues:
Energy futures and options	$	384	$	—	$	—	$	384
Agricultural and metals futures and options	61		—		—		61
Financial futures and options	112		—		—		112
Cash equities and equity options	519		—		—		519
OTC and other	104		—		—		104
Data and connectivity services	236		—		—		236
Listings	124		—		—		124
Fixed income execution	—		29		—		29
CDS clearing	—		94		—		94
Fixed income data and analytics	—		279		—		279
Other data and network services	—		157		—		157
Origination technology	—		—		172		172
Closing solutions	—		—		48		48
Servicing software	—		—		69		69
Data and analytics	—		—		41		41
Revenues	1,540		559		330		2,429
Transaction-based expenses	426		—		—		426
Revenues, less transaction-based expenses	1,114		559		330		2,003
Operating expenses	313		358		487		1,158
Operating income/(loss)	$	801	$	201	$	(157)	$	845

	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	—		—		617		617
Closing solutions	—		—		195		195
Servicing software	—		—		—		—
Data and analytics	—		—		68		68
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

	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	—		—		197		197
Closing solutions	—		—		56		56
Servicing software	—		—		—		—
Data and analytics	—		—		23		23
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