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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Total revenues $ 4,277 $ 3,948 $ 3,704
Transaction-based expenses:      
Transaction rebates (1,344) (1,158) (1,092)
Brokerage, clearance and exchange fees (407) (379) (336)
Revenues less transaction-based expenses 2,526 2,411 2,276
Operating expenses:      
Compensation and benefits 712 670 665
Professional and contract services 144 153 153
Computer operations and data communications 127 125 111
Occupancy 95 94 86
General, administrative and other 120 82 73
Marketing and advertising 37 31 30
Depreciation and amortization 210 188 170
Regulatory 32 33 35
Merger and strategic initiatives 21 44 76
Restructuring charges 0 0 41
Total operating expenses 1,498 1,420 1,440
Operating income 1,028 991 836
Interest income 10 7 5
Interest expense (150) (143) (135)
Gain on sale of investment security 118 0 0
Net gain on divestiture of businesses 33 0 0
Asset impairment charge 0 0 (578)
Other investment income 7 2 3
Net income from unconsolidated investees 18 15 2
Income before income taxes 1,064 872 133
Income tax provision 606 143 27
Net income attributable to Nasdaq $ 458 $ 729 $ 106
Per share information:      
Basic earnings per share (in dollars per share) $ 2.77 $ 4.38 $ 0.64
Diluted earnings per share (in dollars per share) 2.73 4.30 0.63
Cash dividends declared per common share (in dollars per share) $ 1.7 $ 1.46 $ 1.21
Market Services      
Revenues:      
Total revenues $ 2,709 $ 2,418 $ 2,255
Corporate Services      
Revenues:      
Total revenues 528 501 477
Information Services      
Revenues:      
Total revenues 714 588 540
Market Technology      
Revenues:      
Total revenues 270 247 241
Other revenues      
Revenues:      
Total revenues 56 194 191
Transaction-based expenses:      
Revenues less transaction-based expenses $ 56 $ 194 $ 191