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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Market Services $ 2,255 $ 2,084 $ 2,229
Corporate Services 635 562 552
Information Services 540 512 473
Market Technology 275 245 246
Total revenues 3,705 3,403 3,500
Transaction-based expenses:      
Transaction rebates (1,092) (983) (1,065)
Brokerage, clearance and exchange fees (336) (330) (368)
Revenues less transaction-based expenses 2,277 2,090 2,067
Operating expenses:      
Compensation and benefits 664 590 588
Professional and contract services 153 148 157
Computer operations and data communications 111 107 92
Occupancy 86 85 110
General, administrative and other 72 65 89
Marketing and advertising 30 28 32
Depreciation and amortization 170 138 137
Regulatory 35 27 27
Merger and strategic initiatives 76 10 81
Restructuring charges 41 172 0
Total operating expenses 1,438 1,370 1,313
Operating income 839 720 754
Interest income 5 4 6
Interest expense (135) (111) (117)
Asset impairment charges (578) 0 (49)
Other investment income 3 0 0
Net income from unconsolidated investees 2 17 0
Income before income taxes 136 630 594
Income tax provision 28 203 181
Net income 108 427 413
Net loss attributable to noncontrolling interests 0 1 1
Net income attributable to Nasdaq $ 108 $ 428 $ 414
Per share information:      
Basic earnings per share (in dollars per share) $ 0.65 $ 2.56 $ 2.45
Diluted earnings per share (in dollars per share) 0.64 2.50 2.39
Cash dividends declared per common share (in dollars per share) $ 1.21 $ 0.90 $ 0.58