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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Total revenues $ 3,773.5 $ 3,958.5 $ 3,494.8
Cost of revenues:      
Total cost of revenues 1,855.5 2,216.8 2,018.7
Revenues less cost of revenues 1,918.0 1,741.7 1,476.1
Operating expenses:      
Compensation and benefits 425.8 363.0 288.5
Depreciation and amortization 158.0 166.8 167.4
Technology support services 99.7 77.7 66.7
Professional fees and outside services 92.0 89.0 83.7
Travel and promotional expenses 37.6 23.7 9.7
Facilities costs 25.7 25.1 22.2
Acquisition-related costs 7.4 19.9 15.6
Goodwill impairment   460.9  
Other expenses 13.9 26.0 16.4
Total operating expenses 860.1 1,252.1 670.2
Operating income 1,057.9 489.6 805.9
Non-operating (expenses) income:      
Interest expense (62.4) (60.0) (48.0)
Interest income 12.0 3.6 0.6
Earnings in investments 39.5 7.2 1.0
Other income (expense), net 0.6 (7.5) (3.4)
Income before income tax provision 1,047.6 432.9 756.1
Income tax provision 286.2 197.9 227.1
Net income 761.4 235.0 529.0
Net income allocated to participating securities (3.9) (0.9) (1.7)
Net income allocated to common stockholders $ 757.5 $ 234.1 $ 527.3
Basic earnings per share (in dollars per share) $ 7.16 $ 2.20 $ 4.93
Diluted earnings per share (in dollars per share) $ 7.13 $ 2.19 $ 4.92
Basic weighted average shares outstanding (in shares) 105.8 106.3 107.0
Diluted weighted average shares outstanding (in shares) 106.2 106.7 107.2
Cash and spot markets      
Revenues:      
Total revenues $ 1,445.1 $ 1,777.6 $ 1,660.5
Data and access solutions      
Revenues:      
Total revenues 539.2 497.0 427.7
Derivatives markets      
Revenues:      
Total revenues 1,789.2 1,683.9 1,406.6
Liquidity payments      
Cost of revenues:      
Total cost of revenues 1,385.8 1,670.2 1,650.7
Routing and clearing      
Cost of revenues:      
Total cost of revenues 79.1 83.2 87.8
Section 31 fees      
Cost of revenues:      
Total cost of revenues 185.7 329.8 179.6
Royalty fees and other cost of revenues      
Cost of revenues:      
Total cost of revenues $ 204.9 $ 133.6 $ 100.6