v3.26.1
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Total revenues $ 1,442.8 $ 1,173.5 $ 2,715.6 $ 2,368.5
Cost of revenues:        
Total cost of revenues 711.2 586.2 1,255.1 1,216.0
Revenues less cost of revenues 731.6 587.3 1,460.5 1,152.5
Operating expenses:        
Compensation and benefits 154.7 127.9 282.6 244.1
Depreciation and amortization 28.1 29.9 57.6 60.2
Technology support services 26.2 26.7 53.8 52.3
Professional fees and outside services 22.4 24.8 40.7 45.6
Travel and promotional expenses 13.2 8.2 21.2 14.6
Facilities costs 6.1 7.0 12.3 13.2
Acquisition-related costs 0.0 0.0 0.0 0.2
Impairment of assets 0.0 17.1 0.0 17.1
Other expenses 4.9 6.6 10.7 12.2
Total operating expenses 255.6 248.2 478.9 459.5
Operating income 476.0 339.1 981.6 693.0
Non-operating income (expense):        
Interest expense (13.2) (12.9) (26.5) (25.7)
Interest income 18.2 11.3 35.9 19.7
Earnings (loss) on investments, net 12.8 (1.1) 12.1 (4.4)
Other income (expense), net 0.9 (1.8) 7.1 2.2
Income before income tax provision 494.7 334.6 1,010.2 684.8
Income tax provision 141.6 99.5 271.4 199.1
Net income 353.1 235.1 738.8 485.7
Net income allocated to participating securities (1.3) (1.2) (2.9) (2.4)
Net income allocated to common stockholders 351.8 233.9 735.9 483.3
Net income allocated to common stockholders $ 351.8 $ 233.9 $ 735.9 $ 483.3
Basic earnings per share (in USD per share) $ 3.36 $ 2.23 $ 7.03 $ 4.62
Diluted earnings per share (in USD per share) $ 3.35 $ 2.23 $ 7.01 $ 4.60
Basic weighted average shares outstanding (in shares) 104.7 104.7 104.7 104.7
Diluted weighted average shares outstanding (in shares) 104.9 105.0 105.0 105.0
Cash and Spot Markets        
Revenues:        
Total revenues $ 580.3 $ 487.6 $ 1,062.5 $ 988.5
Data Vantage        
Revenues:        
Total revenues 181.6 158.3 362.9 310.8
Derivatives Markets        
Revenues:        
Total revenues 680.9 527.6 1,290.2 1,069.2
Liquidity payments        
Cost of revenues:        
Total cost of revenues 453.7 418.0 899.8 812.8
Routing and clearing        
Cost of revenues:        
Total cost of revenues 20.8 20.7 40.8 40.3
Regulatory fees cost of revenues        
Cost of revenues:        
Total cost of revenues 153.9 85.3 153.9 238.4
Royalty fees and other cost of revenues        
Cost of revenues:        
Total cost of revenues $ 82.8 $ 62.2 $ 160.6 $ 124.5