v3.25.1
Segment Reporting - Schedule of Segment Reporting Information (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]    
Total revenues $ 3,229 $ 2,801
Transaction-based expenses 756 511
Total revenues, less transaction-based expenses 2,473 2,290
Total operating expenses 1,252 1,227
Operating income/(loss) 1,221 1,063
Other Expenses 831 810
Depreciation and amortization 389 381
Acquisition-related transaction and integration costs 32 36
Nonoperating Income (Expense) (154) (99)
Income before income tax expense 1,067 964
Exchanges Segment    
Segment Reporting Information [Line Items]    
Total revenues 2,123 1,734
Transaction-based expenses 756 511
Total revenues, less transaction-based expenses 1,367 1,223
Total operating expenses 354 326
Operating income/(loss) 1,013 897
Other Expenses 290 256
Depreciation and amortization 63 70
Acquisition-related transaction and integration costs 1 0
Fixed Income and Data Services Segment    
Segment Reporting Information [Line Items]    
Total revenues 596 568
Transaction-based expenses 0 0
Total revenues, less transaction-based expenses 596 568
Total operating expenses 361 354
Operating income/(loss) 235 214
Other Expenses 277 274
Depreciation and amortization 84 80
Acquisition-related transaction and integration costs 0 0
Mortgage Technology Segment    
Segment Reporting Information [Line Items]    
Total revenues 510 499
Transaction-based expenses 0 0
Total revenues, less transaction-based expenses 510 499
Total operating expenses 537 547
Operating income/(loss) (27) (48)
Other Expenses 264 280
Depreciation and amortization 242 231
Acquisition-related transaction and integration costs 31 36
Energy futures and options    
Segment Reporting Information [Line Items]    
Total revenues 557 457
Energy futures and options | Exchanges Segment    
Segment Reporting Information [Line Items]    
Total revenues 557 457
Energy futures and options | Fixed Income and Data Services Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Energy futures and options | Mortgage Technology Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Agricultural and metals futures and options    
Segment Reporting Information [Line Items]    
Total revenues 64 72
Agricultural and metals futures and options | Exchanges Segment    
Segment Reporting Information [Line Items]    
Total revenues 64 72
Agricultural and metals futures and options | Fixed Income and Data Services Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Agricultural and metals futures and options | Mortgage Technology Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Financial futures and options    
Segment Reporting Information [Line Items]    
Total revenues 156 135
Financial futures and options | Exchanges Segment    
Segment Reporting Information [Line Items]    
Total revenues 156 135
Financial futures and options | Fixed Income and Data Services Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Financial futures and options | Mortgage Technology Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Cash equities and equity options    
Segment Reporting Information [Line Items]    
Total revenues 875 610
Cash equities and equity options | Exchanges Segment    
Segment Reporting Information [Line Items]    
Total revenues 875 610
Cash equities and equity options | Fixed Income and Data Services Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Cash equities and equity options | Mortgage Technology Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
OTC and other    
Segment Reporting Information [Line Items]    
Total revenues 103 103
OTC and other | Exchanges Segment    
Segment Reporting Information [Line Items]    
Total revenues 103 103
OTC and other | Fixed Income and Data Services Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
OTC and other | Mortgage Technology Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Data and connectivity services    
Segment Reporting Information [Line Items]    
Total revenues 246 235
Data and connectivity services | Exchanges Segment    
Segment Reporting Information [Line Items]    
Total revenues 246 235
Data and connectivity services | Fixed Income and Data Services Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Data and connectivity services | Mortgage Technology Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Listings    
Segment Reporting Information [Line Items]    
Total revenues 122 122
Listings | Exchanges Segment    
Segment Reporting Information [Line Items]    
Total revenues 122 122
Listings | Fixed Income and Data Services Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Listings | Mortgage Technology Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Fixed income execution    
Segment Reporting Information [Line Items]    
Total revenues 31 26
Fixed income execution | Exchanges Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Fixed income execution | Fixed Income and Data Services Segment    
Segment Reporting Information [Line Items]    
Total revenues 31 26
Fixed income execution | Mortgage Technology Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
CDS clearing    
Segment Reporting Information [Line Items]    
Total revenues 94 93
CDS clearing | Exchanges Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
CDS clearing | Fixed Income and Data Services Segment    
Segment Reporting Information [Line Items]    
Total revenues 94 93
CDS clearing | Mortgage Technology Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Fixed income data and analytics    
Segment Reporting Information [Line Items]    
Total revenues 299 288
Fixed income data and analytics | Exchanges Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Fixed income data and analytics | Fixed Income and Data Services Segment    
Segment Reporting Information [Line Items]    
Total revenues 299 288
Fixed income data and analytics | Mortgage Technology Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Data and network technology    
Segment Reporting Information [Line Items]    
Total revenues 172 161
Data and network technology | Exchanges Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Data and network technology | Fixed Income and Data Services Segment    
Segment Reporting Information [Line Items]    
Total revenues 172 161
Data and network technology | Mortgage Technology Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Origination technology    
Segment Reporting Information [Line Items]    
Total revenues 175 174
Origination technology | Exchanges Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Origination technology | Fixed Income and Data Services Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Origination technology | Mortgage Technology Segment    
Segment Reporting Information [Line Items]    
Total revenues 175 174
Closing solutions    
Segment Reporting Information [Line Items]    
Total revenues 47 44
Closing solutions | Exchanges Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Closing solutions | Fixed Income and Data Services Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Closing solutions | Mortgage Technology Segment    
Segment Reporting Information [Line Items]    
Total revenues 47 44
Servicing software    
Segment Reporting Information [Line Items]    
Total revenues 221 214
Servicing software | Exchanges Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Servicing software | Fixed Income and Data Services Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Servicing software | Mortgage Technology Segment    
Segment Reporting Information [Line Items]    
Total revenues 221 214
Data and analytics    
Segment Reporting Information [Line Items]    
Total revenues 67 67
Data and analytics | Exchanges Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Data and analytics | Fixed Income and Data Services Segment    
Segment Reporting Information [Line Items]    
Total revenues 0 0
Data and analytics | Mortgage Technology Segment    
Segment Reporting Information [Line Items]    
Total revenues $ 67 $ 67