XML 19 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Total revenues $ 988.2 $ 974.5
Cost of revenues:    
Total cost of revenues 516.8 556.4
Revenues less cost of revenues 471.4 418.1
Operating expenses:    
Compensation and benefits 110.4 81.2
Depreciation and amortization 41.4 40.9
Technology support services 22.2 19.2
Professional fees and outside services 23.9 19.7
Travel and promotional expenses 6.2 2.9
Facilities costs 7.6 6.5
Acquisition-related costs 6.4 2.0
Other expenses 5.4 6.0
Total operating expenses 223.5 178.4
Operating income 247.9 239.7
Non-operating income (expenses):    
Interest expense, net (15.1) (10.8)
Other income (expense), net 15.4 (4.0)
Income before income tax provision 248.2 224.9
Income tax provision 74.8 115.3
Net income 173.4 109.6
Net income allocated to participating securities (0.8) (0.4)
Net income allocated to common stockholders $ 172.6 $ 109.2
Basic earnings per share (in dollars per share) $ 1.63 $ 1.02
Diluted earnings per share (in dollars per share) $ 1.63 $ 1.02
Basic weighted average shares outstanding (in shares) 105.9 106.6
Diluted weighted average shares outstanding (in shares) 106.2 106.8
Cash and spot markets    
Revenues:    
Total revenues $ 407.0 $ 461.9
Data and access solutions    
Revenues:    
Total revenues 129.4 118.9
Derivatives markets    
Revenues:    
Total revenues 451.8 393.7
Liquidity payments    
Cost of revenues:    
Total cost of revenues 371.8 467.5
Routing and clearing    
Cost of revenues:    
Total cost of revenues 24.0 22.3
Section 31 fees    
Cost of revenues:    
Total cost of revenues 74.9 35.7
Royalty fees and other cost of revenues    
Cost of revenues:    
Total cost of revenues $ 46.1 $ 30.9