Earnings Per Common Share

3 Months Ended

Mar. 31, 2024

The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations for the three months ended March 31, 2024 and 2023 (in millions, except per share amounts):


	Three Months Ended March 31,
	2024		2023
Basic:
Net income attributable to Intercontinental Exchange, Inc.	$	767	$	655
Weighted average common shares outstanding	573		559
Basic earnings per common share	$	1.34	$	1.17
Diluted:
Weighted average common shares outstanding	573		559
Effect of dilutive securities - stock options and restricted stock	2		2
Diluted weighted average common shares outstanding	575		561
Diluted earnings per common share	$	1.33	$	1.17

Basic earnings per common share is calculated using the weighted average common shares outstanding during the period.

Common equivalent shares from stock options and restricted stock awards, calculated using the treasury stock method, are included in the diluted per share calculations unless the effect of their inclusion would be antidilutive. During the three

months ended March 31, 2024 and 2023, 0.4 million and 0.7 million outstanding stock options and restricted stock awards, respectively, were not included in the computation of diluted earnings per common share, because to do so would have had an antidilutive effect.