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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Revenues $ 964 $ 965 $ 3,141 $ 2,929
Transaction-based expenses:        
Transaction rebates (293) (266) (947) (874)
Brokerage, clearance and exchange fees (71) (96) (312) (275)
Revenues less transaction-based expenses 600 603 1,882 1,780
Operating expenses:        
Compensation and benefits 164 167 534 489
Professional and contract services 33 38 105 110
Computer operations and data communications 32 32 94 91
Occupancy 23 23 72 69
General, administrative and other 28 15 73 64
Marketing and advertising 7 7 27 22
Depreciation and amortization 53 47 159 140
Regulatory 8 9 24 25
Merger and strategic initiatives 6 3 7 20
Total operating expenses 354 341 1,095 1,030
Operating income 246 262 787 750
Interest income 3 2 8 6
Interest expense (38) (34) (112) (107)
Net gain on divestiture of businesses (8) 0 33 0
Other investment income 0 0 7 2
Net income from unconsolidated investees 6 4 13 10
Income before income taxes 209 234 736 661
Income tax provision 46 64 234 178
Net income attributable to Nasdaq $ 163 $ 170 $ 502 $ 483
Per share information:        
Basic earnings per share (in dollars per share) $ 0.99 $ 1.02 $ 3.03 $ 2.91
Diluted earnings per share (in dollars per share) 0.97 1.00 2.99 2.85
Cash dividends declared per common share (in dollars per share) $ 0.44 $ 0.38 $ 1.26 $ 1.08
Market Services        
Revenues:        
Revenues $ 586 $ 581 $ 1,968 $ 1,808
Corporate Services        
Revenues:        
Revenues 131 126 395 370
Information Services        
Revenues:        
Revenues 179 150 528 432
Market Technology        
Revenues:        
Revenues 68 62 194 176
Other revenues        
Revenues:        
Revenues 0 46 56 143
Transaction-based expenses:        
Revenues less transaction-based expenses $ 0 $ 46 $ 56 $ 143