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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 250.6 $ 209.5
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 30.3 37.3
Stock-based compensation expense 12.4 11.7
Provision for accounts receivable credit losses 0.9 1.5
Amortization of debt issuance cost and debt discount 0.6 0.6
Equity loss (earnings) on investments 2.9 (12.8)
Benefit for deferred income taxes (6.2) (1.7)
Other (6.3) (0.5)
Changes in assets and liabilities:    
Accounts receivable (40.9) (40.7)
Restricted cash and cash equivalents and customer bank deposits (included in margin deposits, clearing funds, and interoperability funds) 659.1 730.0
Income taxes receivable 72.4 67.7
Other assets 1.6 (4.3)
Accounts payable and accrued liabilities (69.1) (113.5)
Section 31 fees payable (27.2) (9.2)
Deferred revenue 6.9 7.0
Income taxes payable 6.3 (1.1)
Unrecognized tax benefits 19.2 13.6
Other liabilities (0.6) 0.5
Net cash provided by operating activities 912.9 895.6
Cash flows from investing activities:    
Purchases of available-for-sale financial investments (77.7) (23.0)
Proceeds from maturities of available-for-sale financial investments 70.3 20.6
Gain from investments 4.6 0.0
Sale of intangible assets 0.3 0.0
Proceeds from insurance 0.0 0.1
Contributions to investments (2.5) (3.7)
Purchases of property and equipment and leasehold improvements (14.7) (7.3)
Net cash used in investing activities (19.7) (13.3)
Cash flows used in financing activities:    
Cash dividends on common stock 66.4 58.5
Repurchases of common stock from employee stock plans (22.9) (25.5)
Payments of contingent consideration related to acquisitions 0.0 (3.0)
Shares issued under employee stock purchase plan 4.8 (5.0)
Purchase of common stock (30.0) (76.6)
Net cash used in financing activities (114.5) (168.6)
Effect of foreign currency exchange rates on cash, cash equivalents, and restricted cash and cash equivalents 125.7 (25.0)
Increase in cash, cash equivalents, and restricted cash and cash equivalents 904.4 688.7
Beginning of period 1,765.8 1,397.1
End of period 2,670.2 2,085.8
Reconciliation of cash, cash equivalents, and restricted cash and cash equivalents:    
Cash and cash equivalents 1,042.2 536.3
Restricted cash and cash equivalents (included in margin deposits, clearing funds, and interoperability funds) 1,618.9 1,524.9
Restricted cash and cash equivalents (included in cash and cash equivalents) 5.0 0.0
Restricted cash and cash equivalents (included in other current assets) 0.0 4.9
Customer bank deposits (included in margin deposits, clearing funds, and interoperability funds) 4.1 19.7
Total 2,670.2 2,085.8
Supplemental disclosure of cash transactions:    
Cash paid for income taxes, net of refunds 8.0 76.6
Cash paid for interest 26.7 17.4
Supplemental disclosure of noncash financing activities:    
Unsettled purchases of common stock $ 0.0 $ (12.7)