Revenue Recognition (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2025 and 2024:


	Quarter Ended September 30,				Nine Months Ended September 30,
(in millions)	2025		2024		2025		2024
Interest rates	$	417.2	$	445.8	$	1,315.0	$	1,249.1
Equity indexes	261.9		291.8		867.7		828.1
Foreign exchange	44.9		51.9		150.7		150.2
Agricultural commodities	155.9		139.1		495.0		432.5
Energy	178.3		204.9		612.1		601.0
Metals	79.4		71.8		235.4		218.4
BrokerTec fixed income	39.3		33.3		112.2		108.9
EBS foreign exchange	30.5		35.2		103.2		99.0
Interest rate swap	20.5		23.3		61.9		68.7
Total clearing and transaction fees	1,227.9		1,297.1		3,953.2		3,755.9
Market data and information services	202.5		178.2		595.1		528.6
Other	107.2		109.1		323.6		320.3
Total revenues	$	1,537.6	$	1,584.4	$	4,871.9	$	4,604.8

Timing of Revenue Recognition
Services transferred at a point in time	$	1,201.1	$	1,270.0	$	3,871.9	$	3,677.5
Services transferred over time	331.3		309.5		984.2		912.2
One-time charges and miscellaneous revenues	5.2		4.9		15.8		15.1
Total revenues	$	1,537.6	$	1,584.4	$	4,871.9	$	4,604.8