XML 37 R27.htm IDEA: XBRL DOCUMENT
v3.22.2

Revenue (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Revenue from Contract with Customer [Abstract] |
Schedule of Breakdown of Revenues Between Fixed and Variable Revenues | The breakdown of revenues between fixed and variable revenues for the three and six months ended June 30, 2022 and 2021 is as follows:
|  | Three Months Ended |  | Three Months Ended
|  | June 30, 2022 |  | June 30, 2021
|  | (in thousands) |  | (in thousands)
|  | Variable |  | Fixed |  | Variable |  | Fixed
Revenues |  |  |  |  |  |  |  |
Transaction fees and commissions |  | $ | 201,199 |  |  | $ | 36,470 |  |  | $ | 166,655 |  |  | $ | 38,726 |
Subscription fees |  | 485 |  |  | 41,055 |  |  | 460 |  |  | 37,423 |
Refinitiv market data fees |  | — |  |  | 15,426 |  |  | — |  |  | 14,926 |
Other |  | 214 |  |  | 2,289 |  |  | 217 |  |  | 2,433 |
Total revenue |  | $ | 201,898 |  |  | $ | 95,240 |  |  | $ | 167,332 |  |  | $ | 93,508 |
|  | Six Months Ended |  | Six Months Ended
|  | June 30, 2022 |  | June 30, 2021
|  | (in thousands) |  | (in thousands)
|  | Variable |  | Fixed |  | Variable |  | Fixed
Revenues |  |  |  |  |  |  |  |
Transaction fees and commissions |  | $ | 414,935 |  |  | $ | 74,539 |  |  | $ | 346,322 |  |  | $ | 76,875 |
Subscription fees |  | 960 |  |  | 82,035 |  |  | 922 |  |  | 74,829 |
Refinitiv market data fees |  | — |  |  | 30,984 |  |  | — |  |  | 30,043 |
Other |  | 465 |  |  | 4,706 |  |  | 430 |  |  | 4,818 |
Total revenue |  | $ | 416,360 |  |  | $ | 192,264 |  |  | $ | 347,674 |  |  | $ | 186,565 |
Schedule of Recognized Revenue and Remaining Deferred Revenue Balance | The revenue recognized and the remaining deferred revenue balances are shown below:
|  | Amount
|  | (in thousands)
Deferred revenue balance - December 31, 2021 |  | $ | 24,930 |
New billings |  | 57,195 |
Revenue recognized |  | (58,153) |
Effect of foreign currency exchange rate changes |  | (110) |
Deferred revenue balance - June 30, 2022 |  | $ | 23,862 |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration