v3.26.3
REVENUE RECOGNITION (Tables)
9 Months Ended
Sep. 30, 2026
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table summarizes revenue disaggregated by the Company’s Options, Equities, Futures and International segments and the Corporate and Other unit (in thousands):
Three Months Ended September 30, 2026
OptionsEquitiesFuturesInternationalCorporate & OtherConsolidated
Revenue
Transaction and clearing fees
$274,261 $22,788 $19,300$71$— $316,420 
Access fees32,689 3,824 45538(57)36,949 
Market data fees10,211 2,082 1,51280(8)13,877 
Other revenue125 — 2,5055,950357 8,937 
$317,286 $28,694 $23,772 $6,139 $292 $376,183 
Timing of revenue recognition
Services transferred at a point in time$276,704 $22,789 $19,355$2,204 $— $321,052 
Services transferred over time40,582 5,905 4,4173,935 292 55,131 
$317,286 $28,694 $23,772 $6,139 $292 $376,183 
Three Months Ended September 30, 2025
OptionsEquitiesFuturesInternationalCorporate & OtherConsolidated
Revenue
Transaction and clearing fees
$245,406 $31,899 $15,424 $85 $— $292,814 
Access fees23,076 3,761 275 41 (57)27,096 
Market data fees7,011 2,368 1,279 80 (8)10,730 
Other revenue1,047 — 2,386 5,327 378 9,138 
$276,540 $38,028 $19,364 $5,533 $313 $339,778 
Timing of revenue recognition
Services transferred at a point in time$246,661 $31,899 $15,632 $1,924 $— $296,116 
Services transferred over time29,879 6,129 3,732 3,609 313 43,662 
$276,540 $38,028 $19,364 $5,533 $313 $339,778 
Nine Months Ended September 30, 2026
OptionsEquitiesFuturesInternationalCorporate & OtherConsolidated
Revenue
Transaction and clearing fees$817,720 $85,633 $60,164$197$— $963,714 
Access fees92,563 11,488 1,251116(171)105,247 
Market data fees28,689 6,064 4,068240(23)39,038 
Other revenue260 53 7,18916,9741,027 25,503 
$939,232 $103,238 $72,672$17,527$833 $1,133,502 
Timing of revenue recognition
Services transferred at a point in time
$825,068 $85,686 $60,352$6,056 $— $977,162 
Services transferred over time114,164 17,552 12,32011,471 833 156,340 
$939,232 $103,238 $72,672$17,527 $833 $1,133,502 
Nine Months Ended September 30, 2025
OptionsEquitiesFuturesInternationalCorporate & OtherConsolidated
Revenue
Transaction and clearing fees
$712,330 $100,545 $55,184 $198 $— $868,257 
Access fees65,668 10,915 751 122 (171)77,285 
Market data fees20,087 7,006 3,315 240 (23)30,625 
Other revenue1,308 — 8,028 8,090 1,046 18,472 
$799,393 $118,466 $67,278 $8,650 $852 $994,639 
Timing of revenue recognition
Services transferred at a point in time$714,048 $100,545 $55,881 $2,688 $— $873,162 
Services transferred over time85,345 17,921 11,397 5,962 852 121,477 
$799,393 $118,466 $67,278 $8,650 $852 $994,639