v3.23.2
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Financial data for our business segments is as follows for the six months and three months ended June 30, 2023 and 2022 (in millions):
Six Months Ended June 30, 2023
ExchangesFixed Income and Data ServicesMortgage Technology Consolidated
Revenues:
Energy futures and options$700 $— $— $700 
Agricultural and metals futures and options147 — — 147 
Financial futures and options232 — — 232 
Cash equities and equity options1,215 — — 1,215 
OTC and other 205 — — 205 
Data and connectivity services463 — — 463 
Listings252 — — 252 
Fixed income execution— 60 — 60 
CDS clearing— 185 — 185 
Fixed income data and analytics— 553 — 553 
Other data and network services— 311 — 311 
Origination technology— — 337 337 
Closing solutions— — 87 87 
Data and analytics— — 45 45 
Other— — 16 16 
Revenues3,214 1,109 485 4,808 
Transaction-based expenses1,024 — — 1,024 
Revenues, less transaction-based expenses2,190 1,109 485 3,784 
Operating expenses631 699 530 1,860 
Operating income/(loss)$1,559 $410 $(45)$1,924 

Three Months Ended June 30, 2023
ExchangesFixed Income and Data ServicesMortgage Technology Consolidated
Revenues:
Energy futures and options$355 $— $— $355 
Agricultural and metals futures and options77 — — 77 
Financial futures and options104 — — 104 
Cash equities and equity options544 — — 544 
OTC and other 104 — — 104 
Data and connectivity services231 — — 231 
Listings126 — — 126 
Fixed income execution— 28 — 28 
CDS clearing— 84 — 84 
Fixed income data and analytics— 277 — 277 
Other data and network services— 157 — 157 
Origination technology— — 170 170 
Closing solutions— — 47 47 
Data and analytics— — 24 24 
Other— — 8 8 
Revenues1,541 546 249 2,336 
Transaction-based expenses448 — — 448 
Revenues, less transaction-based expenses1,093 546 249 1,888 
Operating expenses311 356 266 933 
Operating income/(loss)$782 $190 $(17)$955 
Six Months Ended June 30, 2022
ExchangesFixed Income and Data ServicesMortgage Technology Consolidated
Revenues:
Energy futures and options$618 $— $— $618 
Agricultural and metals futures and options122 — — 122 
Financial futures and options253 — — 253 
Cash equities and equity options1,357 — — 1,357 
OTC and other 205 — — 205 
Data and connectivity services432 — — 432 
Listings260 — — 260 
Fixed income execution— 40 — 40 
CDS clearing— 138 — 138 
Fixed income data and analytics— 551 — 551 
Other data and network services— 292 — 292 
Origination technology— — 399 399 
Closing solutions— — 138 138 
Data and analytics— — 44 44 
Other— — 23 23 
Revenues3,247 1,021 604 4,872 
Transaction-based expenses1,159 — — 1,159 
Revenues, less transaction-based expenses2,088 1,021 604 3,713 
Operating expenses603 692 557 1,852 
Operating income$1,485 $329 $47 $1,861 

Three Months Ended June 30, 2022
ExchangesFixed Income and Data ServicesMortgage Technology Consolidated
Revenues:
Energy futures and options$265 $— $— $265 
Agricultural and metals futures and options61 — — 61 
Financial futures and options123 — — 123 
Cash equities and equity options698 — — 698 
OTC and other 108 — — 108 
Data and connectivity services218 — — 218 
Listings131 — — 131 
Fixed income execution— 25 — 25 
CDS clearing— 66 — 66 
Fixed income data and analytics— 274 — 274 
Other data and network services— 147 — 147 
Origination technology— — 196 196 
Closing solutions— — 66 66 
Data and analytics— — 24 24 
Other— — 11 11 
Revenues1,604 512 297 2,413 
Transaction-based expenses599 — — 599 
Revenues, less transaction-based expenses1,005 512 297 1,814 
Operating expenses304 338 303 945 
Operating income/(loss)$701 $174 $(6)$869