Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2026

Revenue Recognition [Abstract]

Schedule of Disaggregation of Revenue

The following table represents a disaggregation of revenue from contracts with customers by product line for the quarters and six months ended June 30, 2026 and 2025:


						Quarter Ended June 30,												Six Months Ended June 30,
(in millions)						2026						2025						2026						2025
Interest rates						$	433.0					$	461.6					$	954.2					$	897.9
Equity indexes						324.0						301.6						639.6						605.8
Foreign exchange						49.8						52.4						106.6						105.8
Agricultural commodities						183.8						174.7						351.3						339.0
Energy						187.0						217.4						450.7						433.8
Metals						76.7						85.1						195.1						156.0
BrokerTec fixed income						40.1						37.1						80.3						72.9
EBS foreign exchange						33.8						37.5						70.2						72.7
Interest rate swap						24.3						20.6						47.1						41.4
Total clearing and transaction fees						1,352.5						1,388.0						2,895.1						2,725.3
Market data and information services						238.1						198.1						462.2						392.6
Other						115.6						105.9						229.0						216.4
Total revenues						$	1,706.2					$	1,692.0					$	3,586.3					$	3,334.3

Timing of Revenue Recognition
Services transferred at a point in time						$	1,323.4					$	1,361.7					$	2,840.4					$	2,670.8
Services transferred over time						377.3						324.7						734.6						652.9
One-time charges and miscellaneous revenues						5.5						5.6						11.3						10.6
Total revenues						$	1,706.2					$	1,692.0					$	3,586.3					$	3,334.3