Earnings Per Common Share

6 Months Ended

Jun. 30, 2023

The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations for the six months and three months ended June 30, 2023 and 2022 (in millions, except per share amounts):


	Six Months Ended June 30,				Three Months Ended June 30,
	2023		2022		2023		2022
Basic:
Net income attributable to Intercontinental Exchange, Inc.	$	1,454	$	1,212	$	799	$	555
Weighted average common shares outstanding	560		560		560		558
Basic earnings per common share	$	2.60	$	2.17	$	1.43	$	0.99
Diluted:
Weighted average common shares outstanding	560		560		560		558
Effect of dilutive securities - stock options and restricted stock	1		2		1		2
Diluted weighted average common shares outstanding	561		562		561		560
Diluted earnings per common share	$	2.59	$	2.16	$	1.42	$	0.99

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 both the six months ended June 30, 2023 and 2022, 1 million outstanding stock options and restricted stock awards were not included in the computation of diluted earnings per common share, because to do so would have had an antidilutive effect.