Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2025

Disaggregation of Revenue [Table Text Block]

The following table represents a disaggregation of revenue from contracts with customers by product line for the quarters and six months ended June 30, 2025 and 2024:


	Quarter Ended June 30,				Six Months Ended June 30,
(in millions)	2025		2024		2025		2024
Interest rates	$	461.6	$	393.0	$	897.9	$	803.3
Equity indexes	301.6		268.2		605.8		536.3
Foreign exchange	52.4		51.1		105.8		98.3
Agricultural commodities	174.7		161.4		339.0		293.4
Energy	217.4		199.9		433.8		396.1
Metals	85.1		82.6		156.0		146.6
BrokerTec fixed income	37.1		37.9		72.9		75.6
EBS foreign exchange	37.5		32.5		72.7		63.8
Interest rate swap	20.6		23.3		41.4		45.4
Total clearing and transaction fees	1,388.0		1,249.9		2,725.3		2,458.8
Market data and information services	198.1		175.0		392.6		350.4
Other	105.9		107.6		216.4		211.2
Total revenues	$	1,692.0	$	1,532.5	$	3,334.3	$	3,020.4

Timing of Revenue Recognition
Services transferred at a point in time	$	1,361.7	$	1,223.6	$	2,670.8	$	2,407.5
Services transferred over time	324.7		303.2		652.9		602.7
One-time charges and miscellaneous revenues	5.6		5.7		10.6		10.2
Total revenues	$	1,692.0	$	1,532.5	$	3,334.3	$	3,020.4