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Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Revenue Recognition

The following table depicts the disaggregation of our revenues according to business line and segment (in millions). Amounts here have been aggregated as they follow consistent revenue recognition patterns, and are consistent with the segment information in Note 15:

			Exchanges Segment						Fixed Income and Data Services Segment						Mortgage Technology Segment						Total Consolidated
Nine Months Ended September 30, 2024:
Total revenues (1)			$	5,498					$	1,719					$	1,514					$	8,731
Transaction-based expenses			1,775						—						—						1,775
Total revenues, less transaction-based expenses			$	3,723					$	1,719					$	1,514					$	6,956
Timing of Revenue Recognition
Services transferred at a point in time			$	2,261					$	326					$	338					$	2,925
Services transferred over time			1,462						1,393						1,176						4,031
Total revenues, less transaction-based expenses			$	3,723					$	1,719					$	1,514					$	6,956
(1) Included in total revenues is revenue related to net interest income earned on cash margin received from clearing members at certain ICE clearing houses. These amounts were $74 million and $105 million recorded in Exchanges and Fixed Income and Data Services segments, respectively.
			Exchanges Segment						Fixed Income and Data Services Segment						Mortgage Technology Segment						Total Consolidated
Three Months Ended September 30, 2024:
Total revenues (1)			$	1,938					$	586					$	509					$	3,033
Transaction-based expenses			684						—						—						684
Total revenues, less transaction-based expenses			$	1,254					$	586					$	509					$	2,349
Timing of Revenue Recognition
Services transferred at a point in time			$	762					$	114					$	118					$	994
Services transferred over time			492						472						391						1,355
Total revenues, less transaction-based expenses			$	1,254					$	586					$	509					$	2,349
(1) Included in total revenues is revenue related to net interest income earned on cash margin received from clearing members at certain ICE clearing houses. These amounts were $27 million and $33 million recorded in Exchanges and Fixed Income and Data Services segments, respectively.

			Exchanges Segment						Fixed Income and Data Services Segment						Mortgage Technology Segment						Total Consolidated
Nine Months Ended September 30, 2023:
Total revenues (1)			$	4,754					$	1,668					$	815					$	7,237
Transaction-based expenses			1,450						—						—						1,450
Total revenues, less transaction-based expenses			$	3,304					$	1,668					$	815					$	5,787
Timing of Revenue Recognition
Services transferred at a point in time			$	1,902					$	343					$	240					$	2,485
Services transferred over time			1,402						1,325						575						3,302
Total revenues, less transaction-based expenses			$	3,304					$	1,668					$	815					$	5,787
(1) Included in total revenues is revenue related to net interest income earned on cash margin received from clearing members at certain ICE clearing houses. These amounts were $64 million and $118 million recorded in Exchanges and Fixed Income and Data Services segments, respectively.
			Exchanges Segment						Fixed Income and Data Services Segment						Mortgage Technology Segment						Total Consolidated
Three Months Ended September 30, 2023:
Total revenues (1)			$	1,540					$	559					$	330					$	2,429
Transaction-based expenses			426						—						—						426
Total revenues, less transaction-based expenses			$	1,114					$	559					$	330					$	2,003
Timing of Revenue Recognition
Services transferred at a point in time			$	639					$	114					$	92					$	845
Services transferred over time			475						445						238						1,158
Total revenues, less transaction-based expenses			$	1,114					$	559					$	330					$	2,003
(1) Included in total revenues is revenue related to net interest income earned on cash margin received from clearing members at certain ICE clearing houses. These amounts were $20 million and $40 million recorded in Exchanges and Fixed Income and Data Services segments, respectively.

The components of services transferred over time for each of our segments are as follows:

			Nine Months Ended September 30,												Three Months Ended September 30,
			2024						2023						2024						2023
Exchanges Segment:
Data services revenues			$	717					$	699					$	242					$	236
Services transferred over time related to risk management of open interest performance obligations			281						229						94						78
Services transferred over time related to listings			366						376						122						124
Services transferred over time related to regulatory fees, trading permits, and software licenses			98						98						34						37
Total			$	1,462					$	1,402					$	492					$	475
Fixed Income Data Services Segment:
Data services revenues			$	1,367					$	1,300					$	461					$	436
Services transferred over time related to risk management of open interest performance obligations in our CDS business			26						25						11						9
Total			$	1,393					$	1,325					$	472					$	445
Mortgage Technology Segment:
Recurring revenues			$	1,164					$	564					$	387					$	235
Other			12						11						4						3
Total			$	1,176					$	575					$	391					$	238
Total consolidated revenues transferred over time			$	4,031					$	3,302					$	1,355					$	1,158

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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- References

No definition available.

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