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Pay vs Performance Disclosure - USD ($) | 12 Months Ended
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Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Pay vs Performance Disclosure |  |  |  |
Pay vs Performance Disclosure, Table | Pay Versus Performance As required by Item 402(v) of Regulation S-K, we are providing the following information about the relationship between “compensation actually paid” (as defined in Item 402(v)) and performance. The amounts in this Pay Versus Performance section may not sum due to rounding additive figures to the nearest dollar.
|  |  |  |  |  | Average Summary |  |  |  | Value of Initial Fixed $100 Investment Based On: |  |  |  |
Year (a) |  | Summary Compensation Table Total for Principal Executive Officer (PEO) (b) 1,2 |  | Compensation Actually Paid to PEO 1,3 (c) |  | Compensation Table Total for Non- PEO Named Executive Officers (NEOs) 1,4 (d) |  | Average Compensation Actually Paid to Non-PEO Named Executive Officers 1,5 (e) |  | Nasdaq Total Shareholder Return (f) |  | 2023 Peer Group Total Shareholder Return 6 (g1) |  | 2022 Peer Group Total Shareholder Return 7 (g2) |  | Net Income (millions) 8 (h) |  | Non-GAAP Operating Income (millions) 9 (i)
2023 |  | $18,498,752 |  | $9,815,212 |  | $6,457,253 |  | $5,281,897 |  | $173 |  | $155 |  | $132 |  | $1,059 |  | $1,938
2022 |  | $28,045,305 |  | $25,888,844 |  | $6,391,803 |  | $6,467,133 |  | $179 |  | $134 |  | $111 |  | $1,125 |  | $1,820
2021 |  | $19,965,893 |  | $69,015,180 |  | $3,411,044 |  | $11,672,259 |  | $202 |  | $151 |  | $133 |  | $1,187 |  | $1,849
2020 |  | $15,807,618 |  | $31,960,132 |  | $3,970,881 |  | $7,136,488 |  | $126 |  | $111 |  | $120 |  | $933 |  | $1,530
1. | The Principal Executive Officer (PEO) non-PEO NEOs from 2020–2023 were as detailed in the table below.
Year |  | 2020 |  | 2021 |  | 2022 |  | 2023
PEO |  | Adena T. Friedman |  | Adena T. Friedman |  | Adena T. Friedman |  | Adena T. Friedman
|  | Michael Ptasznik |  | Ann M. Dennison |  | Ann M. Dennison |  | Sarah Youngwood
|  | Lauren B. Dillard |  | Michael Ptasznik |  | Tal Cohen |  | Ann M. Dennison
Non-PEO NEOs |  | P.C. Nelson Griggs |  | Lauren B. Dillard |  | P.C. Nelson Griggs |  | Tal Cohen
|  | Bradley J. Peterson |  | P.C. Nelson Griggs |  | Bradley J. Peterson |  | P.C. Nelson Griggs
|  |  |  | Bradley J. Peterson |  |  |  | Brendan Brothers
2. | The dollar amounts reported in column (b) are the amounts of total compensation reported for Ms. Friedman for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to “Summary Compensation Table.”
3. | The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Ms. Friedman, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Ms. Friedman during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Ms. Friedman’s total compensation for each year to determine the compensation actually paid:
Year |  | Reported Summary Compensation Table Total for PEO |  | Deduction for Reported Change in Actuarial Present Valuesª |  | Reported Value of Equity Awards |  | Total PEO Equity Award Adjustments b |  | Compensation Actually Paid to PEO
2023 |  | $18,498,752 |  | $0 |  | ($12,551,660) |  | $3,868,120 |  | $9,815,212
a. | Adjustments relating to defined benefit and pension plans (as applicable) were made to total compensation for each year to determine compensation actually paid.
b. | The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation methodologies used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
|  |  |  | Total PEO Equity Award Adjustments
Year |  | Grant Date Fair Value of Equity Awards Disclosed in the Summary Compensation Table |  | Year End Fair Value of Equity Awards Granted During the Covered Year |  | Change in Fair Value of Outstanding and Unvested Equity Awards |  | Value of Awards Granted in Prior Years Vesting During the Covered Year |  | Total PEO Equity Award Adjustments
2023 |  | ($12,551,660) |  | $12,234,909 |  | ($6,211,274) |  | ($2,155,515) |  | $3,868,120
4. | The dollar amounts reported in column (d) represent the average of the amounts reported for the NEOs as a group in the “Total” column of the Summary Compensation Table in each applicable year.
5. | The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group during the applicable year . In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the NEOs as a group for each year to determine the compensation actually paid, using the same methodology described above in footnote 3:
Year |  | Average Reported Summary Compensation Table Total for Non-PEO NEOs |  | Average Reported Value of Equity Awards |  | Average Non-PEO NEO Equity Award Adjustments a |  | Average Compensation Actually Paid to Non-PEO NEOs
2023 |  | $6,457,253 |  | ($3,966,598) |  | $2,791,242 |  | $5,281,897
a. | The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation methodologies used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
|  |  |  | Average Non-PEO NEO Equity Award Adjustments
Year |  | Grant Date Fair Value of Equity Awards Disclosed in the Summary Compensation Table |  | Year End Fair Value of Equity Awards Granted During the Covered Year |  | Change in Fair Value of Outstanding and Unvested Equity Awards |  | Fair Value of Awards Granted and Vesting in the Covered Year |  | Value of Awards Granted in Prior Years Vesting During the Covered Year |  | Change in Fair Value of Awards that Failed to Meet Applicable Vesting Conditions |  | Average Non-PEO NEO Equity Award Adjustments
2023 |  | ($3,966,598) |  | $3,519,513 |  | ($474,941) |  | $28,489 |  | ($262,448) |  | ($19,370) |  | $2,791,242
6. | Represents the cumulative TSR measured from 12/31/2019 through the end of each year shown for the S&P 500 GICS 4020 Index, identified by Nasdaq as the “New Peer Group” in its 2023 10-K for the purposes of Item 201(e) of Regulation S-K. Nasdaq specifically changed its Peer Group to this Index because it reflects a blend of exchanges, as well as data, financial technology, and banking companies that align more closely with Nasdaq’s diverse business and competitors.
7. | Represents the cumulative TSR measured from 12/31/2019 through the end of each year shown for a custom peer group, as disclosed by Nasdaq for the purposes of Item 201(e) of Regulation S-K, reflecting the “2022 Peer Group.” The 2022 Peer Group will be replaced by the “2023 Peer Group” or “New Peer Group” going forward. The 2022 Peer Group for each of 2022, 2021, and 2020 was comprised of the same peer companies. TSR figures shown are calculated based on weightings according to each peer company’s stock market capitalization at the beginning of each period for which a return is indicated, in accordance with Item 201(e) of Regulation S-K. The TSR calculations applicable to last year’s comparable disclosure for the purposes of Item 201(e) of Regulation S-K for the 2022 Peer Group were calculated based on weightings according to each peer company’s stock market capitalization at the end of each period for which a return is indicated.
8. | The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.
9. | The Company believes Non-GAAP Operating Income is the financial performance measure most closely linked to the calculation of compensation actually paid. Non-GAAP Operating Income is defined as set forth in footnote 1 of the “Corporate Objectives Performance vs. Goals” table on page 76 of this Proxy Statement. See also Annex A of this Proxy Statement for more information on adjustments to non-GAAP measures.
Company Selected Measure Name | Non-GAAP Operating Income |  |  |
Named Executive Officers, Footnote |
1. | The Principal Executive Officer (PEO) non-PEO NEOs from 2020–2023 were as detailed in the table below.
Year |  | 2020 |  | 2021 |  | 2022 |  | 2023
PEO |  | Adena T. Friedman |  | Adena T. Friedman |  | Adena T. Friedman |  | Adena T. Friedman
|  | Michael Ptasznik |  | Ann M. Dennison |  | Ann M. Dennison |  | Sarah Youngwood
|  | Lauren B. Dillard |  | Michael Ptasznik |  | Tal Cohen |  | Ann M. Dennison
Non-PEO NEOs |  | P.C. Nelson Griggs |  | Lauren B. Dillard |  | P.C. Nelson Griggs |  | Tal Cohen
|  | Bradley J. Peterson |  | P.C. Nelson Griggs |  | Bradley J. Peterson |  | P.C. Nelson Griggs
|  |  |  | Bradley J. Peterson |  |  |  | Brendan Brothers
Peer Group Issuers, Footnote | Represents the cumulative TSR measured from 12/31/2019 through the end of each year shown for the S&P 500 GICS 4020 Index, identified by Nasdaq as the “New Peer Group” in its 2023 10-K for the purposes of Item 201(e) of Regulation S-K. Nasdaq specifically changed its Peer Group to this Index because it reflects a blend of exchanges, as well as data, financial technology, and banking companies that align more closely with Nasdaq’s diverse business and competitors. |  |  |
PEO Total Compensation Amount | $ 18,498,752 | $ 28,045,305 | $ 19,965,893 | $ 15,807,618
PEO Actually Paid Compensation Amount | $ 9,815,212 | 25,888,844 | 69,015,180 | 31,960,132
Adjustment To PEO Compensation, Footnote |
Year |  | Reported Summary Compensation Table Total for PEO |  | Deduction for Reported Change in Actuarial Present Valuesª |  | Reported Value of Equity Awards |  | Total PEO Equity Award Adjustments b |  | Compensation Actually Paid to PEO
2023 |  | $18,498,752 |  | $0 |  | ($12,551,660) |  | $3,868,120 |  | $9,815,212
a. | Adjustments relating to defined benefit and pension plans (as applicable) were made to total compensation for each year to determine compensation actually paid.
b. | The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation methodologies used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
|  |  |  | Total PEO Equity Award Adjustments
Year |  | Grant Date Fair Value of Equity Awards Disclosed in the Summary Compensation Table |  | Year End Fair Value of Equity Awards Granted During the Covered Year |  | Change in Fair Value of Outstanding and Unvested Equity Awards |  | Value of Awards Granted in Prior Years Vesting During the Covered Year |  | Total PEO Equity Award Adjustments
2023 |  | ($12,551,660) |  | $12,234,909 |  | ($6,211,274) |  | ($2,155,515) |  | $3,868,120
Non-PEO NEO Average Total Compensation Amount | $ 6,457,253 | 6,391,803 | 3,411,044 | 3,970,881
Non-PEO NEO Average Compensation Actually Paid Amount | $ 5,281,897 | 6,467,133 | 11,672,259 | 7,136,488
Adjustment to Non-PEO NEO Compensation Footnote |
Year |  | Average Reported Summary Compensation Table Total for Non-PEO NEOs |  | Average Reported Value of Equity Awards |  | Average Non-PEO NEO Equity Award Adjustments a |  | Average Compensation Actually Paid to Non-PEO NEOs
2023 |  | $6,457,253 |  | ($3,966,598) |  | $2,791,242 |  | $5,281,897
a. | The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation methodologies used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
|  |  |  | Average Non-PEO NEO Equity Award Adjustments
Year |  | Grant Date Fair Value of Equity Awards Disclosed in the Summary Compensation Table |  | Year End Fair Value of Equity Awards Granted During the Covered Year |  | Change in Fair Value of Outstanding and Unvested Equity Awards |  | Fair Value of Awards Granted and Vesting in the Covered Year |  | Value of Awards Granted in Prior Years Vesting During the Covered Year |  | Change in Fair Value of Awards that Failed to Meet Applicable Vesting Conditions |  | Average Non-PEO NEO Equity Award Adjustments
2023 |  | ($3,966,598) |  | $3,519,513 |  | ($474,941) |  | $28,489 |  | ($262,448) |  | ($19,370) |  | $2,791,242
Compensation Actually Paid vs. Total Shareholder Return |  |  |  |
Compensation Actually Paid vs. Net Income |  |  |  |
Compensation Actually Paid vs. Company Selected Measure |  |  |  |
Total Shareholder Return Vs Peer Group |  |  |  |
Tabular List, Table | Tabular List of Financial Performance Measures The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s PEO and non-PEO NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows:
• |  | Non-GAAP Operating Income
• |  | Net Revenue
• |  | ARR
• |  | Non-GAAP Diluted EPS
Total Shareholder Return Amount | $ 173 | 179 | 202 | 126
Peer Group Total Shareholder Return Amount | 155 | 134 | 151 | 111
Net Income (Loss) | $ 1,059,000,000 | $ 1,125,000,000 | $ 1,187,000,000 | $ 933,000,000
Company Selected Measure Amount | 1,938,000,000 | 1,820,000,000 | 1,849,000,000 | 1,530,000,000
PEO Name | Adena T. Friedman |  |  |
Peer GroupTotal Shareholder return 2022 | $ 132 | $ 111 | $ 133 | $ 120
Measure:: 1 |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Name | Non-GAAP Operating Income |  |  |
Non-GAAP Measure Description | The Company believes Non-GAAP Operating Income is the financial performance measure most closely linked to the calculation of compensation actually paid. Non-GAAP Operating Income is defined as set forth in footnote 1 of the “Corporate Objectives Performance vs. Goals” table on page 76 of this Proxy Statement. See also Annex A of this Proxy Statement for more information on adjustments to non-GAAP measures. |  |  |
Measure:: 2 |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Name | Net Revenue |  |  |
Measure:: 3 |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Name | ARR |  |  |
Measure:: 4 |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Name | Non-GAAP Diluted EPS |  |  |
PEO | Reported Change in Actuarial Present Values [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | $ 0 |  |  |
PEO | Fair Value of Equity Awards [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (12,551,660) |  |  |
PEO | Equity Award Adjustments [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | 3,868,120 |  |  |
PEO | Year End Fair Value of Equity Awards Granted During the Covered Year [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | 12,234,909 |  |  |
PEO | Change in Fair Value of Outstanding and Unvested Equity Awards [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (6,211,274) |  |  |
PEO | Value of Awards Granted in Prior Years Vesting During the Covered Year [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (2,155,515) |  |  |
Non-PEO NEO | Fair Value of Equity Awards [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (3,966,598) |  |  |
Non-PEO NEO | Equity Award Adjustments [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | 2,791,242 |  |  |
Non-PEO NEO | Year End Fair Value of Equity Awards Granted During the Covered Year [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | 3,519,513 |  |  |
Non-PEO NEO | Change in Fair Value of Outstanding and Unvested Equity Awards [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (474,941) |  |  |
Non-PEO NEO | Value of Awards Granted in Prior Years Vesting During the Covered Year [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (262,448) |  |  |
Non-PEO NEO | Fair Value Of Awards That Failed To Meet Applicable Vesting Conditions [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (19,370) |  |  |
Non-PEO NEO | Fair Value Of Awards Granted And Vesting In The Covered Year [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | $ 28,489 |  |  |

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