Intercontinental Exchange (ICE) 10-Q 31 Oct 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Oct. 28, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-36198
Entity Registrant name	INTERCONTINENTAL EXCHANGE, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-2286804
Entity Address, Address Line One	5660 New Northside Drive
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30328
City Area Code	770
Local Phone Number	857-4700
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	ICE
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Smaller Reporting Company	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		574,176,497
Entity Central Index Key	0001571949
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 755	$ 899
Short-term restricted cash and cash equivalents	1,243	531
Short-term restricted investments	500	680
Cash and cash equivalent margin deposits and guaranty funds	78,774	78,980
Invested deposits, delivery contracts receivable and unsettled variation margin	1,119	1,814
Customer accounts receivable, net of allowance for doubtful accounts of $21 for both September 30, 2024 and December 31, 2023	1,565	1,366
Prepaid expenses and other current assets	739	703
Total current assets	84,695	84,973
Property and equipment, net	2,029	1,923
Other non-current assets:
Goodwill	30,598	30,553
Other intangible assets, net	16,573	17,317
Long-term restricted cash and cash equivalents	370	340
Other non-current assets	936	978
Total other non-current assets	48,477	49,188
Total assets	135,201	136,084
Current liabilities:
Accounts payable and accrued liabilities	1,045	1,003
Section 31 fees payable	76	79
Accrued salaries and benefits	353	459
Deferred revenue	375	200
Short-term debt	2,619	1,954
Margin deposits and guaranty funds	78,774	78,980
Invested deposits, delivery contracts payable and unsettled variation margin	1,119	1,814
Other current liabilities	201	137
Total current liabilities	84,562	84,626
Non-current liabilities:
Non-current deferred tax liability, net	3,855	4,080
Long-term debt	18,581	20,659
Accrued employee benefits	178	193
Non-current operating lease liability	318	299
Other non-current liabilities	434	441
Total non-current liabilities	23,366	25,672
Total liabilities	107,928	110,298
Commitments and contingencies
Intercontinental Exchange, Inc. stockholders’ equity:
Preferred stock, $0.01 par value; 100 shares authorized; none issued or outstanding	0	0
Common stock, $0.01 par value; 1,500 shares authorized; 651 and 649 issued; and 574 and 573 shares outstanding at September 30, 2024 and December 31, 2023, respectively	7	6
Treasury stock, at cost; 77 and 76 shares at September 30, 2024 and December 31, 2023, respectively	(6,381)	(6,304)
Additional paid-in capital	16,226	15,953
Retained earnings	17,632	16,356
Accumulated other comprehensive loss	(251)	(294)
Total Intercontinental Exchange, Inc. stockholders’ equity	27,233	25,717
Non-controlling interest in consolidated subsidiaries	40	69
Total equity	27,273	25,786
Total liabilities and equity	$ 135,201	$ 136,084

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Customer accounts receivable, net of allowance for doubtful accounts	$ 21	$ 21
Equity:
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	100,000,000	100,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	1,500,000,000	1,500,000,000
Common stock, issued (in shares)	651,000,000	649,000,000
Common stock, outstanding (in shares)	574,000,000	573,000,000
Treasury stock (in shares)	77,000,000	76,000,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues:
Total revenues	$ 3,033	$ 2,429	$ 8,731	$ 7,237
Transaction-based expenses:
Section 31 fees	232	56	437	231
Cash liquidity payments, routing and clearing	452	370	1,338	1,219
Total revenues, less transaction-based expenses	2,349	2,003	6,956	5,787
Operating expenses:
Compensation and benefits	487	400	1,422	1,103
Professional services	40	31	114	88
Acquisition-related transaction and integration costs	37	155	88	201
Technology and communication	212	184	631	529
Rent and occupancy	30	20	89	65
Selling, general and administrative	54	59	232	196
Depreciation and amortization	386	309	1,148	836
Total operating expenses	1,246	1,158	3,724	3,018
Operating income/(loss)	1,103	845	3,232	2,769
Other income/(expense):
Interest income	39	94	105	287
Interest expense	(223)	(206)	(697)	(557)
Other income/(expense), net	(21)	(51)	83	(121)
Total other income/(expense), net	(205)	(163)	(509)	(391)
Income before income tax expense	898	682	2,723	2,378
Income tax expense	227	123	630	330
Net income	671	559	2,093	2,048
Net income attributable to non-controlling interest	(14)	(18)	(37)	(53)
Net income attributable to Intercontinental Exchange, Inc.	$ 657	$ 541	$ 2,056	$ 1,995
Earnings per share attributable to Intercontinental Exchange, Inc. common stockholders:
Basic (in dollars per share)	$ 1.15	$ 0.96	$ 3.59	$ 3.56
Diluted (in dollars per share)	$ 1.14	$ 0.96	$ 3.57	$ 3.55
Weighted average common shares outstanding:
Basic (in shares)	574	563	573	561
Diluted (in shares)	577	565	576	562
Exchanges
Revenues:
Total revenues	$ 1,938	$ 1,540	$ 5,498	$ 4,754
Fixed income and data services
Revenues:
Total revenues	586	559	1,719	1,668
Mortgage technology
Revenues:
Total revenues	$ 509	$ 330	$ 1,514	$ 815

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 671	$ 559	$ 2,093	$ 2,048
Other comprehensive income/(loss):
Foreign currency translation adjustments	58	(47)	36	0
Change in equity method investment	0	0	7	0
Other comprehensive income/(loss)	58	(47)	43	0
Comprehensive income	729	512	2,136	2,048
Comprehensive income attributable to non-controlling interest	(14)	(18)	(37)	(53)
Comprehensive income attributable to Intercontinental Exchange, Inc.	$ 715	$ 494	$ 2,099	$ 1,995

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income/(Loss)	Non- Controlling Interest in Consolidated Subsidiaries
Common stock, shares beginning (in shares) at Sep. 30, 2023		648
Beginning balance at Dec. 31, 2022	$ 22,761	$ 6	$ (6,225)	$ 14,313	$ 14,943	$ (331)	$ 55
Treasury stock, shares beginning (in shares) at Dec. 31, 2022			(75)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	0
Stock consideration issued for acquisition (in shares)		11
Stock consideration issued for acquisition	1,256			1,256
Exercise of common stock options	27			27
Payments relating to treasury shares (in shares)			(1)
Payments relating to treasury shares	(53)		$ (53)
Stock-based compensation	198			198
Issuance under the employee stock purchase plan (in shares)		1
Issuance under the employee stock purchase plan	43			43
Contribution from equity partners	9						9
Issuance of restricted stock (in shares)		2
Distributions of profits	(64)						(64)
Dividends paid to stockholders	(713)				(713)
Net income attributable to non-controlling interest	(53)				(53)		53
Net income	2,048				2,048
Common stock, shares ending (in shares) at Dec. 31, 2022		634
Ending balance at Sep. 30, 2023	25,512	$ 6	$ (6,278)	15,837	16,225	(331)	53
Treasury stock, shares ending (in shares) at Sep. 30, 2023			(76)
Common stock, shares beginning (in shares) at Sep. 30, 2023		648
Beginning balance at Jun. 30, 2023	23,889	$ 6	$ (6,276)	14,449	15,925	(284)	69
Treasury stock, shares beginning (in shares) at Jun. 30, 2023			(76)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	(47)					(47)
Stock consideration issued for acquisition (in shares)		11
Stock consideration issued for acquisition	1,256			1,256
Exercise of common stock options	3			3
Payments relating to treasury shares	(2)		$ (2)
Stock-based compensation	104			104
Issuance under the employee stock purchase plan (in shares)		1
Issuance under the employee stock purchase plan	25			25
Distributions of profits	(34)						(34)
Dividends paid to stockholders	(241)				(241)
Net income attributable to non-controlling interest	(18)				(18)		18
Net income	559				559
Common stock, shares ending (in shares) at Jun. 30, 2023		636
Ending balance at Sep. 30, 2023	$ 25,512	$ 6	$ (6,278)	15,837	16,225	(331)	53
Treasury stock, shares ending (in shares) at Sep. 30, 2023			(76)
Common stock, shares beginning (in shares) at Sep. 30, 2024	574	651
Beginning balance at Dec. 31, 2023	$ 25,786	$ 6	$ (6,304)	15,953	16,356	(294)	69
Treasury stock, shares beginning (in shares) at Dec. 31, 2023	(76)		(76)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	$ 43					43
Exercise of common stock options (in shares)		1
Exercise of common stock options	33			33
Payments relating to treasury shares (in shares)			(1)
Payments relating to treasury shares	(77)		$ (77)
Stock-based compensation	186			186
Issuance under the employee stock purchase plan	54			54
Issuance of restricted stock (in shares)		1
Issuance of restricted stock	1	$ 1
Distributions of profits	(66)						(66)
Dividends paid to stockholders	(780)				(780)
Net income attributable to non-controlling interest	(37)				(37)		37
Net income	$ 2,093				2,093
Common stock, shares ending (in shares) at Dec. 31, 2023	573	649
Ending balance at Sep. 30, 2024	$ 27,273	$ 7	$ (6,381)	16,226	17,632	(251)	40
Treasury stock, shares ending (in shares) at Sep. 30, 2024	(77)		(77)
Common stock, shares beginning (in shares) at Sep. 30, 2024	574	651
Beginning balance at Jun. 30, 2024	$ 26,744	$ 7	$ (6,377)	16,130	17,236	(309)	57
Treasury stock, shares beginning (in shares) at Jun. 30, 2024			(77)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	58					58
Exercise of common stock options (in shares)		1
Exercise of common stock options	6			6
Payments relating to treasury shares	(4)		$ (4)
Stock-based compensation	61			61
Issuance under the employee stock purchase plan	29			29
Distributions of profits	(31)						(31)
Dividends paid to stockholders	(261)				(261)
Net income attributable to non-controlling interest	(14)				(14)		14
Net income	671				671
Common stock, shares ending (in shares) at Jun. 30, 2024		650
Ending balance at Sep. 30, 2024	$ 27,273	$ 7	$ (6,381)	$ 16,226	$ 17,632	$ (251)	$ 40
Treasury stock, shares ending (in shares) at Sep. 30, 2024	(77)		(77)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating activities:
Net income	$ 2,093	$ 2,048
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,148	836
Stock-based compensation	171	164
Deferred taxes	(199)	(247)
Loss on investments	1	8
Net losses from unconsolidated investees	63	91
Other	48	54
Changes in assets and liabilities:
Customer accounts receivable	(210)	(112)
Other current and non-current assets	(84)	(35)
Section 31 fees payable	(4)	(205)
Deferred revenue	167	127
Other current and non-current liabilities	(91)	(156)
Total adjustments	1,010	525
Net cash provided by operating activities	3,103	2,573
Investing activities:
Capital expenditures	(212)	(104)
Capitalized software development costs	(264)	(222)
Purchases of invested margin deposits	(858)	(1,360)
Proceeds from sales of invested margin deposits	1,088	3,396
Cash paid for acquisitions, net of cash acquired	(8)	(10,247)
Proceeds from sale of Promissory Note	75	0
(Purchases of)/proceeds from sale of equity and equity method investments	(24)
(Purchases of)/proceeds from sale of equity and equity method investments		90
Purchases of restricted investments	(654)	(956)
Proceeds from sales of restricted investments	856	0
Net cash used in investing activities	(1)	(9,403)
Financing activities:
Proceeds from debt issuances	739	2,400
Repayments of debt	(1,600)	(1,886)
(Redemption of)/proceeds from commercial paper, net	(583)	2,257
Capital contributions from non-controlling interests	0	9
Dividends paid to stockholders	(780)	(713)
Change in cash and cash equivalent margin deposits and guaranty funds liability	(436)	(64,729)
Payments relating to treasury shares received for restricted stock tax payments and stock option exercises	(77)	(53)
Other	20	4
Net cash used in financing activities	(2,717)	(62,711)
Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds	7	(7)
Net increase/(decrease) in cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds	392	(69,548)
Cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds at beginning of period	80,750	150,343
Cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds at end of period	81,142	80,795
Supplemental cash flow disclosure:
Cash paid for income taxes	776	658
Cash paid for interest	659	524
Reconciliation of the components of cash, cash equivalents, restricted cash and cash equivalents, and cash and cash equivalent margin deposits and guaranty funds to the consolidated balance sheets:
Cash and cash equivalents	755	837
Short-term restricted cash and cash equivalents	1,243	471
Long-term restricted cash and cash equivalents	370	190
Cash and cash equivalent margin deposits and guaranty funds	78,774	79,297
Total	$ 81,142	$ 80,795

Description of Business

Description of Business	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business Nature of Business and Organization Intercontinental Exchange, Inc. is a leading global provider of technology and data to a broad range of customers including financial institutions, corporations and government entities. Our products, which span major asset classes including futures, equities, fixed income and United States, or U.S., residential mortgages, provide our customers with access to mission critical tools that are designed to increase asset class transparency and workflow efficiency. Our business is conducted through three reportable business segments: • Exchanges: We operate regulated marketplace technology for the listing, trading and clearing of a broad array of derivatives contracts and financial securities as well as data and connectivity services related to our exchanges and clearing houses. • Fixed Income and Data Services: We provide fixed income pricing, reference data, indices, analytics and execution services as well as global credit default swap, or CDS, clearing and multi-asset class data delivery technology. • Mortgage Technology: We provide a technology platform that offers customers comprehensive, digital workflow tools that aim to address inefficiencies and mitigate risks that exist in the U.S. residential mortgage market life cycle from application through closing, servicing and the secondary market. We operate marketplaces, technology and provide data services in the U.S., United Kingdom, or U.K., European Union, or EU, Canada, Asia Pacific and the Middle East.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles, or U.S. GAAP, pursuant to the rules and regulations of the Securities and Exchange Commission, or SEC, regarding interim financial reporting. Accordingly, the unaudited consolidated financial statements do not include all of the information and notes required by U.S. GAAP for complete financial statements and should be read in conjunction with our audited consolidated financial statements and related notes thereto for the year ended December 31, 2023. The unaudited consolidated financial statements reflect all adjustments that are, in our opinion, necessary for a fair presentation of results for the interim periods presented. We believe that these adjustments are of a normal recurring nature. Preparing financial statements in conformity with U.S. GAAP requires us to make certain estimates and assumptions that affect the amounts that are reported in our consolidated financial statements and accompanying notes. Actual amounts could differ from those estimates. The results of operations for the nine and three months ended September 30, 2024 are not necessarily indicative of the results to be expected for any future period or the full fiscal year. These statements include the accounts of our wholly-owned and controlled subsidiaries. All intercompany balances and transactions between us and our wholly-owned and controlled subsidiaries have been eliminated in consolidation. For consolidated subsidiaries in which our ownership is less than 100% and for which we have control over the assets and liabilities and the management of the entity, the outside stockholders’ interests are shown as non-controlling interests. We have considered the impacts of macroeconomic conditions during the quarter, including interest rates, inflation rates, election uncertainty and outcomes, geopolitical events and military conflicts, including repercussions from the conflicts in Ukraine and the Middle East and the impacts that any of the foregoing may have on the global economy and on our business. As of September 30, 2024, our businesses and operations, including our exchanges, clearing houses, listings venues, data services businesses and mortgage platforms, have not suffered a material negative impact as a result of these events. There continues to be uncertainty surrounding the current macroeconomic environment and the impact that it may have on the global economy and on our business. Recently Adopted Accounting Pronouncements During the nine months ended September 30, 2024, there were no significant changes to the new and recently adopted accounting pronouncements applicable to us from those disclosed in Note 2 to the consolidated financial statements in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2023, or the 2023 Form 10-K.

Acquisitions and Divestitures

Acquisitions and Divestitures	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Acquisitions and Divestitures	Acquisitions and Divestitures Black Knight, Inc. On September 5, 2023, we acquired 100% of the equity interests in Black Knight, Inc., or Black Knight, for aggregate transaction consideration of approximately $11.8 billion. The aggregate cash component of the transaction consideration was $10.5 billion. We issued 10.9 million shares of ICE common stock to Black Knight stockholders, which was based on the market price of our common stock and the average of the volume weighted averages of the trading prices of our common stock on each of the ten consecutive trading days ending three trading days prior to the closing of the merger. We expect that this transaction will build on our position as a provider of end-to-end electronic workflow solutions for the rapidly evolving U.S. residential mortgage industry. We believe the Black Knight ecosystem adds value for clients of all sizes across the mortgage and real estate lifecycles by helping organizations lower costs, increase efficiencies, grow their businesses, and reduce risk. On September 14, 2023, or the Divestiture Date, in connection with the merger agreement, we sold Black Knight's Optimal Blue and Empower loan origination system, or LOS, businesses, or the Divestitures, to subsidiaries of Constellation Software, Inc. The cash proceeds from the Divestitures were $241 million. The structure of the Optimal Blue transaction also included a promissory note with a face value of $500 million, or the Promissory Note, issued by the purchaser to Black Knight, as a subsidiary of ICE, at the closing of the transaction. The Promissory Note had a 40-year term with a maturity date of September 5, 2063, and a coupon interest rate of 7.0% per year. The Promissory Note was valued at $235 million on the Divestiture Date. In accordance with Accounting Standards Codification, or ASC, 805, Business Combinations, or ASC 805, as well as ASC 360, Impairment and Disposal of Long-Lived Assets , we are required to measure an acquired long-lived asset or disposal group that is classified as held for sale at the acquisition date at fair value less cost to sell. Accordingly, there was no gain or loss recognized on the Divestitures. For the period between the acquisition date of September 5, 2023 through the Divestiture Date, the discontinued operations of Empower and Optimal Blue were immaterial. Pursuant to the Agreement Containing Consent Orders entered into between the Federal Trade Commission, or the FTC, and ICE and Black Knight, the Promissory Note was required to be sold within six months of the Divestiture Date. We elected the fair value option for the right to receive the net proceeds of the sale of the Promissory Note. As of December 31, 2023, we wrote down the value of the Promissory Note to $75 million based on Level 3 inputs (Note 14), resulting in a fair value loss of $160 million. In February 2024, the FTC approved the buyer of the Promissory Note, and we completed the sale of the Promissory Note and received the $75 million of proceeds thereafter. The net fair value of the consideration transferred for Black Knight was approximately $11.4 billion as of the acquisition date, which consisted of the following (in millions): Transaction Consideration Cash $ 10,542 ICE common stock* 1,274 Converted vested Black Knight awards 22 Total purchase price $ 11,838 Less: Divestitures (476) Total net purchase price $ 11,362 *Fair value of the ICE common stock was based on the ICE closing stock price on September 1, 2023, the last business day prior to the acquisition close. The purchase price has been allocated to the net tangible and identifiable intangible assets and liabilities based on the respective estimated fair values on the date of acquisition. The excess of the purchase price over the net tangible and identifiable intangible assets has been recorded as goodwill, of which $186 million is expected to be deductible for tax purposes. Goodwill represents potential revenue synergies related to new product development, various expense synergies and opportunities to enter new markets, and is assigned to our Mortgage Technology business segment. The net purchase price allocation is as follows (in millions): Net Purchase Price Allocation Cash and cash equivalents $ 108 Property and equipment 120 Goodwill 9,441 Identifiable intangibles 4,948 Debt acquired (2,397) Other assets and liabilities, net 25 Deferred tax liabilities on identifiable intangibles (1,270) Other deferred tax assets 387 Net purchase price $ 11,362 In performing the net purchase price allocation, we considered, among other factors, the intended future use of acquired assets, analysis of historical financial performance and estimates of future performance of the Black Knight business. For the identified intangible assets, the fair values have been determined using the income and cost approaches and are partially based on inputs that are unobservable including forecasted future cash flows, revenue and margin growth rates, customer attrition rates and discount rates that require judgement. The following table sets forth the components of the intangible assets associated with the acquisition as of September 30, 2024 (in millions, except years): Acquisition-Date Fair Value Weighted average life (Years) Developed Technology $ 1,176 10 Trademarks/Tradenames 159 19 Customer Relationships 3,034 13 Data and Databases 579 10 Total $ 4,948 12 Black Knight revenues of $800 million and $264 million and operating expenses of $850 million and $287 million were recorded in our consolidated statement of income for the nine and three months ended September 30, 2024, respectively. Black Knight revenues are included in our mortgage technology revenues. The financial information in the table below combines the historical results for us and Black Knight for the nine and three months ended September 30, 2023, on a pro forma basis, as though the companies had been combined as of the beginning of the prior periods presented (in millions). The unaudited pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of the periods presented. Such unaudited pro forma financial information is based on the historical financial statements of ICE and Black Knight. This unaudited pro forma financial information is based on estimates and assumptions that have been made solely for purposes of developing such unaudited pro forma information, including, without limitation, purchase accounting adjustments, interest expense on debt incurred to finance the purchase price, acquisition-related transaction costs, the removal of historical Black Knight intangible asset amortization and the addition of intangible asset amortization related to this acquisition. The unaudited pro forma financial information does not reflect any synergies or operating cost reductions that have been and may be achieved from the combined operations. Nine Months Ended September 30, 2023 Three Months Ended September 30, 2023 Total revenues, less transaction-based expenses $ 6,534 $ 2,190 Net income attributable to ICE $ 1,755 $ 474 Transaction-based expenses included within revenues, less transaction-based expenses in the table above were not impacted by pro forma adjustments and agree to the amounts presented historically in our consolidated statements of income as they relate solely to ICE and not to Black Knight.

Investments

Investments	9 Months Ended
	Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Investments	Investments Equity Method Investments Our equity method investments include the Options Clearing Corporation, or OCC, and Bakkt Holdings, Inc. and Bakkt Opco Holdings, LLC, or collectively, Bakkt, among others. Our equity method investments are included in other non-current assets in our consolidated balance sheets. We initially record our equity method investments at cost. At the end of each reporting period, we record our share of profits or losses of our equity method investments as equity earnings included in other income and adjust the carrying value of our equity method investments accordingly. In addition, if and when our equity method investments issue cash dividends to us, we deduct the amount of these dividends from the carrying amount of that investment. We assess the carrying value periodically if impairment indicators are present. We recognized $63 million and $91 million as our share of estimated losses, net, from our equity method investments during the nine months ended September 30, 2024 and 2023, respectively, and $18 million and $26 million as our share of estimated losses, net, from our equity method investments during the three months ended September 30, 2024 and 2023, respectively. The estimated losses are primarily related to our investment in Bakkt, partially offset by our share of OCC profits. Both periods include adjustments to reflect the difference between reported prior period actual results from our original estimates. When performing our assessment of the carrying value of our investments, we consider, among other things, the length of time and the extent to which the market value has been less than our cost basis, if applicable, the investee's financial condition and near-term prospects, the economic or technological environment in which our investees operate, weakening of the general market condition of the related industry, whether an investee can continue as a going concern, any impairment charges recorded by an investee on goodwill, intangible or long-lived assets, and our intent and ability to retain the investment for a period of time sufficient to allow for any anticipated recovery in market value. OCC We own a 40% interest in OCC through a direct investment by the New York Stock Exchange, or NYSE. OCC is regulated by the SEC as a registered clearing agency and by the Commodity Futures Trading Commission, or CFTC, as a derivatives clearing organization. OCC serves as a clearing house for securities options, securities futures, commodity futures and options on futures traded on various independent exchanges. OCC clears securities options traded on NYSE Arca and NYSE Amex Options, along with other non-affiliated exchanges. Bakkt As of September 30, 2024 and December 31, 2023, we held an approximate 55% and 64% economic interest in Bakkt, respectively. As a result of limitations on ICE from the Bakkt voting agreement entered into in connection with Bakkt's merger with Victory Park Capital Impact Acquisition Holdings, or VIH, we hold a minority voting interest in Bakkt and treat it as an equity method investment. The decrease in ownership during the nine months ended September 30, 2024 is related to Bakkt's offering of shares of its Class A common stock and warrants to purchase shares of its Class A common stock, which diluted our ownership. As part of the offering, on February 29, 2024, we entered into a securities purchase agreement to purchase shares of Bakkt's Class A common stock and warrants to purchase additional shares of Bakkt's Class A common stock for a total of $10 million. As of September 30, 2024, we do not have any value assigned to the equity method investment carrying value for Bakkt primarily due to our continued recording of our share of losses. As Bakkt is a public company with a readily available market price, the fair value of our investment was $71 million as of September 30, 2024, which was based on the quoted market price of Bakkt Class A common stock as of September 30, 2024.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Substantially all of our revenues are considered to be revenues from contracts with customers. The related accounts receivable balances are recorded in our consolidated balance sheets as customer accounts receivable. We do not have obligations for warranties, returns or refunds to customers, other than rebates, which are settled each period and therefore do not result in variable consideration. We do not have significant revenue recognized from performance obligations that were satisfied in prior periods. Certain judgments and estimates are used in the identification and timing of satisfaction of performance obligations and the related allocation of transaction price. We believe that these represent a faithful depiction of the transfer of services to our customers. Deferred revenue represents our contract liabilities related to our annual, original and other listings revenues, certain data services, clearing services, mortgage technology services and other revenues. See Note 7 for our discussion of deferred revenue balances, activity, and expected timing of recognition. For all of our contracts with customers, except for listings and certain data, clearing and mortgage services, our performance obligations are short term in nature and there is no significant variable consideration. In addition, we have elected the practical expedient of excluding sales taxes from transaction prices. Refer to Notes 2 and 5 to the consolidated financial statements included in Part II, Item 8 of our 2023 Form 10-K where we describe our revenue recognition accounting policies and our primary revenue contract classifications in detail. Disaggregation of Revenues The following table depicts the disaggregation of our revenues according to business line and segment (in millions). Amounts here have been aggregated as they follow consistent revenue recognition patterns, and are consistent with the segment information in Note 15: Exchanges Segment Fixed Income and Data Services Segment Mortgage Technology Segment Total Consolidated Nine Months Ended September 30, 2024: Total revenues (1) $ 5,498 $ 1,719 $ 1,514 $ 8,731 Transaction-based expenses 1,775 — — 1,775 Total revenues, less transaction-based expenses $ 3,723 $ 1,719 $ 1,514 $ 6,956 Timing of Revenue Recognition Services transferred at a point in time $ 2,261 $ 326 $ 338 $ 2,925 Services transferred over time 1,462 1,393 1,176 4,031 Total revenues, less transaction-based expenses $ 3,723 $ 1,719 $ 1,514 $ 6,956 (1) Included in total revenues is revenue related to net interest income earned on cash margin received from clearing members at certain ICE clearing houses. These amounts were $74 million and $105 million recorded in Exchanges and Fixed Income and Data Services segments, respectively. Exchanges Segment Fixed Income and Data Services Segment Mortgage Technology Segment Total Consolidated Three Months Ended September 30, 2024: Total revenues (1) $ 1,938 $ 586 $ 509 $ 3,033 Transaction-based expenses 684 — — 684 Total revenues, less transaction-based expenses $ 1,254 $ 586 $ 509 $ 2,349 Timing of Revenue Recognition Services transferred at a point in time $ 762 $ 114 $ 118 $ 994 Services transferred over time 492 472 391 1,355 Total revenues, less transaction-based expenses $ 1,254 $ 586 $ 509 $ 2,349 (1) Included in total revenues is revenue related to net interest income earned on cash margin received from clearing members at certain ICE clearing houses. These amounts were $27 million and $33 million recorded in Exchanges and Fixed Income and Data Services segments, respectively. Exchanges Segment Fixed Income and Data Services Segment Mortgage Technology Segment Total Consolidated Nine Months Ended September 30, 2023: Total revenues (1) $ 4,754 $ 1,668 $ 815 $ 7,237 Transaction-based expenses 1,450 — — 1,450 Total revenues, less transaction-based expenses $ 3,304 $ 1,668 $ 815 $ 5,787 Timing of Revenue Recognition Services transferred at a point in time $ 1,902 $ 343 $ 240 $ 2,485 Services transferred over time 1,402 1,325 575 3,302 Total revenues, less transaction-based expenses $ 3,304 $ 1,668 $ 815 $ 5,787 (1) Included in total revenues is revenue related to net interest income earned on cash margin received from clearing members at certain ICE clearing houses. These amounts were $64 million and $118 million recorded in Exchanges and Fixed Income and Data Services segments, respectively. Exchanges Segment Fixed Income and Data Services Segment Mortgage Technology Segment Total Consolidated Three Months Ended September 30, 2023: Total revenues (1) $ 1,540 $ 559 $ 330 $ 2,429 Transaction-based expenses 426 — — 426 Total revenues, less transaction-based expenses $ 1,114 $ 559 $ 330 $ 2,003 Timing of Revenue Recognition Services transferred at a point in time $ 639 $ 114 $ 92 $ 845 Services transferred over time 475 445 238 1,158 Total revenues, less transaction-based expenses $ 1,114 $ 559 $ 330 $ 2,003 (1) Included in total revenues is revenue related to net interest income earned on cash margin received from clearing members at certain ICE clearing houses. These amounts were $20 million and $40 million recorded in Exchanges and Fixed Income and Data Services segments, respectively. The Exchanges segment and the Fixed Income and Data Services segment revenues above include data services revenues. Our data services revenues are transferred over time, and a majority of those revenues are performed over a short period of time of one month or less and relate to subscription-based data services billed monthly, quarterly or annually in advance. These revenues are recognized ratably over time as our data delivery performance obligations are met consistently throughout the period. The Exchanges segment revenues transferred over time in the tables above include services related to listings, risk management of open interest performance obligations and regulatory fees, trading permits, and software licenses. The Fixed Income and Data Services segment revenues transferred over time in the tables above include services related to risk management of open interest performance obligations, primarily in our CDS business. The Mortgage Technology segment revenues transferred over time in the tables above primarily relate to our origination and servicing technology revenue where performance obligations consist of a series of distinct services and are recognized over the contract terms as subscription performance obligations are satisfied and, to a lesser extent, professional services revenues and revenues from certain of our data and analytics offerings. The components of services transferred over time for each of our segments are as follows: Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 Exchanges Segment: Data services revenues $ 717 $ 699 $ 242 $ 236 Services transferred over time related to risk management of open interest performance obligations 281 229 94 78 Services transferred over time related to listings 366 376 122 124 Services transferred over time related to regulatory fees, trading permits, and software licenses 98 98 34 37 Total $ 1,462 $ 1,402 $ 492 $ 475 Fixed Income Data Services Segment: Data services revenues $ 1,367 $ 1,300 $ 461 $ 436 Services transferred over time related to risk management of open interest performance obligations in our CDS business 26 25 11 9 Total $ 1,393 $ 1,325 $ 472 $ 445 Mortgage Technology Segment: Recurring revenues $ 1,164 $ 564 $ 387 $ 235 Other 12 11 4 3 Total $ 1,176 $ 575 $ 391 $ 238 Total consolidated revenues transferred over time $ 4,031 $ 3,302 $ 1,355 $ 1,158 Transaction Price Allocated to Future Performance Obligations Our disclosure of transaction price allocated to future performance obligations excludes the following: • Volume-based fees in excess of contractual minimums and other usage-based fees to the extent they are part of a single performance obligation and meet certain variable consideration allocation criteria; • Performance obligations that are part of a contract with an original expected duration of one year or less; and • Transactional fees based on a fixed fee per transaction when we have the right to invoice once we have completed the performance obligation. As of September 30, 2024, the aggregate amount of the transaction price that is allocated to our future performance obligations was approximately $3.7 billion and was primarily related to contracts with customers in the Mortgage Technology segment. We expect this amount to be recognized as revenue as follows: 10% by December 31, 2024, 69% by December 31, 2026, 93% by December 31, 2028 and the rest thereafter. Contract Assets A contract asset represents our expectation of receiving consideration in exchange for products or services that we have provided to our customers, but invoicing is contingent on our completion of other performance obligations or contractual milestones. Substantially all of our contract assets are related to contracts with customers in our Mortgage Technology segment. As of September 30, 2024 and December 31, 2023, the balance of our contract assets was $86 million and $80 million, respectively. Our contract liabilities, or deferred revenue, represent consideration received that is yet to be recognized as revenue. Total deferred revenue was $475 million as of September 30, 2024, including $375 million in current deferred revenue and $100 million in other non-current liabilities in our consolidated balance sheets. The changes in our deferred revenue during the nine months ended September 30, 2024 are as follows (in millions): Listings Revenues Data Services and Other Revenues Mortgage Technology Total Deferred revenue balance at January 1, 2024 $ 108 $ 93 $ 106 $ 307 Additions 487 335 106 928 Amortization (366) (270) (124) (760) Deferred revenue balance at September 30, 2024 $ 229 $ 158 $ 88 $ 475 The changes in our deferred revenue during the nine months ended September 30, 2023 are as follows (in millions): Listings Revenues Data Services and Other Revenues Mortgage Technology Total Deferred revenue balance at January 1, 2023 $ 115 $ 88 $ 51 $ 254 Additions (1) 485 311 144 940 Amortization (376) (281) (88) (745) Deferred revenue balance at September 30, 2023 $ 224 $ 118 $ 107 $ 449 (1) Additions in our Mortgage Technology segment in the table above include $68 million of deferred revenue acquired on the date of the Black Knight acquisition (Note 3) and $28 million of Black Knight related deferred revenue added in the period after the date of the Black Knight acquisition through September 30, 2023. Included in the amortization recognized during the nine and three months ended September 30, 2024 is $169 million and $39 million, respectively, related to the deferred revenue balance as of January 1, 2024. Included in the amortization recognized for the nine and three months ended September 30, 2023 is $127 million and $24 million, respectively, related to the deferred revenue balance as of January 1, 2023. As of September 30, 2024, the remaining deferred revenue balance will be recognized over the period of time we satisfy our performance obligations as described in Note 5.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The following is a summary of the activity in our goodwill balance by segment for the nine months ended September 30, 2024 (in millions): Exchanges Segment Fixed Income and Data Services Segment Mortgage Technology Segment Total Consolidated Goodwill balance at December 31, 2023 $ 8,155 $ 4,854 $ 17,544 $ 30,553 Acquisition — — 4 4 Foreign currency translation 15 2 — 17 Other activity, net — — 24 24 Goodwill balance at September 30, 2024 $ 8,170 $ 4,856 $ 17,572 $ 30,598 The following is a summary of the activity in our other intangible assets balance for the nine months ended September 30, 2024 (in millions): Other intangible assets balance at December 31, 2023 $ 17,317 Acquisition 3 Foreign currency translation 12 Amortization of other intangible assets (759) Other intangible assets balance at September 30, 2024 $ 16,573 Foreign currency translation adjustments result from a portion of our goodwill and other intangible assets being held at our U.K., EU and Canadian subsidiaries, whose functional currencies are not the U.S. dollar. The changes in other activity, net, in the table above primarily relate to adjustments to the fair value of the net tangible assets made within one year of acquisitions, with a corresponding adjustment to goodwill. During the nine months ended September 30, 2024, we considered potential indicators of impairment to goodwill and other intangible assets for each of our reporting units, which included continued global inflation concerns and changing interest rates, including their effect on our forecasts, among other things. As such, we performed this assessment to determine whether it was more-likely-than-not that goodwill and indefinite lived intangibles within each of our reporting units were impaired. Additionally, we evaluated whether the carrying value of the finite lived intangible assets within our reporting units may not be recoverable. After evaluating events, circumstances and factors which could affect the significant inputs used in our evaluation of cash flows and related fair value, we determined it was not more-likely-than-not that an impairment existed in our goodwill and indefinite lived intangible assets. With the exception of a $3 million impairment of developed technology within our Exchanges Segment that we recorded in the first quarter of 2024, we determined it was not more-likely-than not that the carrying amount of our finite lived intangible assets was not recoverable. We plan to perform our annual impairment testing in the fourth quarter of 2024. The $3 million impairment is included in depreciation and amortization expense

Deferred Revenue

Deferred Revenue	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Deferred Revenue	Revenue Recognition Substantially all of our revenues are considered to be revenues from contracts with customers. The related accounts receivable balances are recorded in our consolidated balance sheets as customer accounts receivable. We do not have obligations for warranties, returns or refunds to customers, other than rebates, which are settled each period and therefore do not result in variable consideration. We do not have significant revenue recognized from performance obligations that were satisfied in prior periods. Certain judgments and estimates are used in the identification and timing of satisfaction of performance obligations and the related allocation of transaction price. We believe that these represent a faithful depiction of the transfer of services to our customers. Deferred revenue represents our contract liabilities related to our annual, original and other listings revenues, certain data services, clearing services, mortgage technology services and other revenues. See Note 7 for our discussion of deferred revenue balances, activity, and expected timing of recognition. For all of our contracts with customers, except for listings and certain data, clearing and mortgage services, our performance obligations are short term in nature and there is no significant variable consideration. In addition, we have elected the practical expedient of excluding sales taxes from transaction prices. Refer to Notes 2 and 5 to the consolidated financial statements included in Part II, Item 8 of our 2023 Form 10-K where we describe our revenue recognition accounting policies and our primary revenue contract classifications in detail. Disaggregation of Revenues The following table depicts the disaggregation of our revenues according to business line and segment (in millions). Amounts here have been aggregated as they follow consistent revenue recognition patterns, and are consistent with the segment information in Note 15: Exchanges Segment Fixed Income and Data Services Segment Mortgage Technology Segment Total Consolidated Nine Months Ended September 30, 2024: Total revenues (1) $ 5,498 $ 1,719 $ 1,514 $ 8,731 Transaction-based expenses 1,775 — — 1,775 Total revenues, less transaction-based expenses $ 3,723 $ 1,719 $ 1,514 $ 6,956 Timing of Revenue Recognition Services transferred at a point in time $ 2,261 $ 326 $ 338 $ 2,925 Services transferred over time 1,462 1,393 1,176 4,031 Total revenues, less transaction-based expenses $ 3,723 $ 1,719 $ 1,514 $ 6,956 (1) Included in total revenues is revenue related to net interest income earned on cash margin received from clearing members at certain ICE clearing houses. These amounts were $74 million and $105 million recorded in Exchanges and Fixed Income and Data Services segments, respectively. Exchanges Segment Fixed Income and Data Services Segment Mortgage Technology Segment Total Consolidated Three Months Ended September 30, 2024: Total revenues (1) $ 1,938 $ 586 $ 509 $ 3,033 Transaction-based expenses 684 — — 684 Total revenues, less transaction-based expenses $ 1,254 $ 586 $ 509 $ 2,349 Timing of Revenue Recognition Services transferred at a point in time $ 762 $ 114 $ 118 $ 994 Services transferred over time 492 472 391 1,355 Total revenues, less transaction-based expenses $ 1,254 $ 586 $ 509 $ 2,349 (1) Included in total revenues is revenue related to net interest income earned on cash margin received from clearing members at certain ICE clearing houses. These amounts were $27 million and $33 million recorded in Exchanges and Fixed Income and Data Services segments, respectively. Exchanges Segment Fixed Income and Data Services Segment Mortgage Technology Segment Total Consolidated Nine Months Ended September 30, 2023: Total revenues (1) $ 4,754 $ 1,668 $ 815 $ 7,237 Transaction-based expenses 1,450 — — 1,450 Total revenues, less transaction-based expenses $ 3,304 $ 1,668 $ 815 $ 5,787 Timing of Revenue Recognition Services transferred at a point in time $ 1,902 $ 343 $ 240 $ 2,485 Services transferred over time 1,402 1,325 575 3,302 Total revenues, less transaction-based expenses $ 3,304 $ 1,668 $ 815 $ 5,787 (1) Included in total revenues is revenue related to net interest income earned on cash margin received from clearing members at certain ICE clearing houses. These amounts were $64 million and $118 million recorded in Exchanges and Fixed Income and Data Services segments, respectively. Exchanges Segment Fixed Income and Data Services Segment Mortgage Technology Segment Total Consolidated Three Months Ended September 30, 2023: Total revenues (1) $ 1,540 $ 559 $ 330 $ 2,429 Transaction-based expenses 426 — — 426 Total revenues, less transaction-based expenses $ 1,114 $ 559 $ 330 $ 2,003 Timing of Revenue Recognition Services transferred at a point in time $ 639 $ 114 $ 92 $ 845 Services transferred over time 475 445 238 1,158 Total revenues, less transaction-based expenses $ 1,114 $ 559 $ 330 $ 2,003 (1) Included in total revenues is revenue related to net interest income earned on cash margin received from clearing members at certain ICE clearing houses. These amounts were $20 million and $40 million recorded in Exchanges and Fixed Income and Data Services segments, respectively. The Exchanges segment and the Fixed Income and Data Services segment revenues above include data services revenues. Our data services revenues are transferred over time, and a majority of those revenues are performed over a short period of time of one month or less and relate to subscription-based data services billed monthly, quarterly or annually in advance. These revenues are recognized ratably over time as our data delivery performance obligations are met consistently throughout the period. The Exchanges segment revenues transferred over time in the tables above include services related to listings, risk management of open interest performance obligations and regulatory fees, trading permits, and software licenses. The Fixed Income and Data Services segment revenues transferred over time in the tables above include services related to risk management of open interest performance obligations, primarily in our CDS business. The Mortgage Technology segment revenues transferred over time in the tables above primarily relate to our origination and servicing technology revenue where performance obligations consist of a series of distinct services and are recognized over the contract terms as subscription performance obligations are satisfied and, to a lesser extent, professional services revenues and revenues from certain of our data and analytics offerings. The components of services transferred over time for each of our segments are as follows: Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 Exchanges Segment: Data services revenues $ 717 $ 699 $ 242 $ 236 Services transferred over time related to risk management of open interest performance obligations 281 229 94 78 Services transferred over time related to listings 366 376 122 124 Services transferred over time related to regulatory fees, trading permits, and software licenses 98 98 34 37 Total $ 1,462 $ 1,402 $ 492 $ 475 Fixed Income Data Services Segment: Data services revenues $ 1,367 $ 1,300 $ 461 $ 436 Services transferred over time related to risk management of open interest performance obligations in our CDS business 26 25 11 9 Total $ 1,393 $ 1,325 $ 472 $ 445 Mortgage Technology Segment: Recurring revenues $ 1,164 $ 564 $ 387 $ 235 Other 12 11 4 3 Total $ 1,176 $ 575 $ 391 $ 238 Total consolidated revenues transferred over time $ 4,031 $ 3,302 $ 1,355 $ 1,158 Transaction Price Allocated to Future Performance Obligations Our disclosure of transaction price allocated to future performance obligations excludes the following: • Volume-based fees in excess of contractual minimums and other usage-based fees to the extent they are part of a single performance obligation and meet certain variable consideration allocation criteria; • Performance obligations that are part of a contract with an original expected duration of one year or less; and • Transactional fees based on a fixed fee per transaction when we have the right to invoice once we have completed the performance obligation. As of September 30, 2024, the aggregate amount of the transaction price that is allocated to our future performance obligations was approximately $3.7 billion and was primarily related to contracts with customers in the Mortgage Technology segment. We expect this amount to be recognized as revenue as follows: 10% by December 31, 2024, 69% by December 31, 2026, 93% by December 31, 2028 and the rest thereafter. Contract Assets A contract asset represents our expectation of receiving consideration in exchange for products or services that we have provided to our customers, but invoicing is contingent on our completion of other performance obligations or contractual milestones. Substantially all of our contract assets are related to contracts with customers in our Mortgage Technology segment. As of September 30, 2024 and December 31, 2023, the balance of our contract assets was $86 million and $80 million, respectively. Our contract liabilities, or deferred revenue, represent consideration received that is yet to be recognized as revenue. Total deferred revenue was $475 million as of September 30, 2024, including $375 million in current deferred revenue and $100 million in other non-current liabilities in our consolidated balance sheets. The changes in our deferred revenue during the nine months ended September 30, 2024 are as follows (in millions): Listings Revenues Data Services and Other Revenues Mortgage Technology Total Deferred revenue balance at January 1, 2024 $ 108 $ 93 $ 106 $ 307 Additions 487 335 106 928 Amortization (366) (270) (124) (760) Deferred revenue balance at September 30, 2024 $ 229 $ 158 $ 88 $ 475 The changes in our deferred revenue during the nine months ended September 30, 2023 are as follows (in millions): Listings Revenues Data Services and Other Revenues Mortgage Technology Total Deferred revenue balance at January 1, 2023 $ 115 $ 88 $ 51 $ 254 Additions (1) 485 311 144 940 Amortization (376) (281) (88) (745) Deferred revenue balance at September 30, 2023 $ 224 $ 118 $ 107 $ 449 (1) Additions in our Mortgage Technology segment in the table above include $68 million of deferred revenue acquired on the date of the Black Knight acquisition (Note 3) and $28 million of Black Knight related deferred revenue added in the period after the date of the Black Knight acquisition through September 30, 2023. Included in the amortization recognized during the nine and three months ended September 30, 2024 is $169 million and $39 million, respectively, related to the deferred revenue balance as of January 1, 2024. Included in the amortization recognized for the nine and three months ended September 30, 2023 is $127 million and $24 million, respectively, related to the deferred revenue balance as of January 1, 2023. As of September 30, 2024, the remaining deferred revenue balance will be recognized over the period of time we satisfy our performance obligations as described in Note 5.

Debt

Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt The carrying value of our total debt, including short-term and long-term debt, consisted of the following (in millions): As of September 30, 2024 As of December 31, 2023 Short-term debt: Commercial Paper $ 1,371 $ 1,954 2025 Senior Notes (3.65%; unsecured due May 23, 2025) 1,248 — Total short-term debt 2,619 1,954 Long-term debt: 2025 Term Loan due August 31, 2025 — 1,600 2025 Senior Notes (3.65%; unsecured due May 23, 2025) — 1,246 2025 Senior Notes (3.75%; unsecured due December 1, 2025) 1,249 1,248 2027 Senior Notes (4.00%; unsecured due September 15, 2027) 1,491 1,489 2027 Senior Notes (3.10%; unsecured due September 15, 2027) 498 498 2028 Senior Notes (3.625%; unsecured due September 1, 2028) 933 920 2028 Senior Notes (3.75%; unsecured due September 21, 2028) 596 596 2029 Senior Notes (4.35%; unsecured due June 15, 2029) 1,243 1,241 2030 Senior Notes (2.10%; unsecured due June 15, 2030) 1,239 1,238 2031 Senior Notes (5.25%; unsecured due June 15, 2031) 743 — 2032 Senior Notes (1.85%; unsecured due September 15, 2032) 1,487 1,486 2033 Senior Notes (4.60%; unsecured due March 15, 2033) 1,490 1,489 2040 Senior Notes (2.65%; unsecured due September 15, 2040) 1,233 1,232 2048 Senior Notes (4.25%; unsecured due September 21, 2048) 1,233 1,232 2050 Senior Notes (3.00%; unsecured due June 15, 2050) 1,223 1,222 2052 Senior Notes (4.95%; unsecured due June 15, 2052) 1,466 1,466 2060 Senior Notes (3.00%; unsecured due September 15, 2060) 1,472 1,472 2062 Senior Notes (5.20%; unsecured due June 15, 2062) 985 984 Total long-term debt 18,581 20,659 Total debt $ 21,200 $ 22,613 As of September 30, 2024, our senior notes of $19.8 billion had a weighted average maturity of 14 years and a weighted average cost of 3.7% per annum. Credit Facilities We have a $3.9 billion senior unsecured revolving credit facility, or the Credit Facility, with future capacity to increase our borrowings under the Credit Facility by an additional $1.0 billion, subject to the consent of the lenders funding the increase and certain other conditions. On May 31, 2024, we agreed with the lenders to extend the maturity date of the Credit Facility from May 25, 2027, to May 31, 2029, among other items. We incurred new debt issuance costs of $4 million relating to the Credit Facility and these costs are represented in the accompanying consolidated balance sheet as other non-current assets and will be amortized over the remaining life of the Credit Facility. No amounts were outstanding under the Credit Facility as of September 30, 2024. As of September 30, 2024, of the $3.9 billion that was available for borrowing under the Credit Facility, $1.4 billion was required to back-stop the notes outstanding under our U.S. dollar commercial paper program, or the Commercial Paper Program, and $172 million was required to support certain broker-dealer and other subsidiary commitments. Amounts required to back-stop notes outstanding under the Commercial Paper Program will fluctuate as we increase or decrease our commercial paper borrowings. The remaining $2.4 billion is available for working capital and general corporate purposes including, but not limited to, acting as a back-stop to future amounts outstanding under the Commercial Paper Program. We previously had a $2.4 billion two-year senior unsecured delayed draw term loan facility, or the Term Loan, with a maturity date of August 31, 2025. Draws under the Term Loan bore interest on the principal amount outstanding at either (a) Term Secured Overnight Financing Rate, or Term SOFR, plus an applicable margin of 87.5 basis points plus a credit spread adjustment of 10 basis points or (b) a "base rate" plus an applicable margin. The applicable margin ranged from 0.625% to 1.125% for Term SOFR loans and from 0.000% to 0.125% for base rate loans, in each case, based on a ratings-based pricing grid. During the second quarter of 2024, we fully repaid our outstanding obligations under the Term Loan and debt issuance costs incurred in relation to the Term Loan were fully amortized at the time of repayment. Our India subsidiaries maintain $14 million of credit lines for their general corporate purposes. As of September 30, 2024, there were no amounts outstanding under these credit lines. Commercial Paper Program Our Commercial Paper Program is currently backed by the borrowing capacity available under the Credit Facility, as described above. The effective interest rate of commercial paper issuances does not materially differ from short-term interest rates, which fluctuate due to market conditions and as a result may impact our interest expense. During the nine months ended September 30, 2024, we had net repayments of $583 million under the Commercial Paper Program. Commercial paper notes of $1.4 billion with original maturities ranging from 1 to 28 days were outstanding as of September 30, 2024, with a weighted average interest rate of 5.2% per annum, and a weighted average remaining maturity of 19 days. New Senior Notes On May 13, 2024, we issued $750 million in aggregate principal amount of 5.25% senior notes due 2031, or the 2031 Notes. We intend to use $500 million of the net proceeds from the offering of the 2031 Notes to repay a portion of the aggregate principal amount of the senior notes maturing in May 2025, or the 2025 Notes. The net proceeds intended to repay the 2025 Notes have been invested and recorded as short-term restricted investments in our consolidated balance sheet as of September 30, 2024. We used the remaining net proceeds to assist with the repayments of the outstanding borrowings under the Term Loan. We incurred debt issuance costs of $6 million relating to the issuance of the 2031 Notes and these costs are presented in the accompanying consolidated balance sheet as a deduction from the carrying amount of the related debt liability and will be amortized over the remaining term of the 2031 Notes. Exchange Offers On June 5, 2024, we completed a private offer to exchange the $1 billion aggregate principal amount of the outstanding 3.625% senior notes due 2028 issued by Black Knight InfoServ, LLC, or the Black Knight Notes, for new senior notes issued by ICE. As a result of the settlement of the private exchange offer, approximately $998 million in aggregate principal amount of outstanding Black Knight Notes were cancelled, and ICE issued approximately $998 million in aggregate principal amount of new senior notes, or the ICE Original Exchange Notes, with the same interest payment, maturity dates and interest rate as the Black Knight Notes. On September 10, 2024, we completed a registered exchange offer in which virtually all previously outstanding ICE Original Exchange Notes were exchanged for identical new senior notes that were registered under the Securities Act of 1933, or the ICE Registered Exchange Notes, and thereby became freely transferable, subject to certain restrictions applicable to affiliates and broker dealers. The approximately $998 million aggregate principal amount of the ICE Original Exchange Notes and the ICE Registered Exchange Notes and the remaining approximately $2 million aggregate principal amount of outstanding Black Knight Notes are referred to together as the “2028 Senior Notes (3.625%; unsecured due September 1, 2028)”, which, in the chart above, includes the unamortized fair value adjustment recorded at the time of acquisition.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Share-Based Compensation	Share-Based Compensation We currently have employee and non-employee director incentive plans from which we grant stock options, restricted shares, and restricted stock units with various service, performance, and/or market conditions. We also have an employee stock purchase plan available to our employees. Stock options and restricted stock are granted at the discretion of the Compensation Committee of our Board of Directors, or Board, based on the estimated fair value on the date of grant. The fair value of the stock options and restricted stock on the date of grant is recognized as expense over the vesting period, net of estimated forfeitures. The non-cash compensation expenses recognized in our consolidated statements of income for stock options, restricted stock and under our employee stock purchase plan, net of amounts classified as capitalized software, were $171 million and $164 million for the nine months ended September 30, 2024 and 2023, respectively, and $57 million and $79 million during the three months ended September 30, 2024 and 2023, respectively. For the nine and three months ended September 30, 2024, $14 million and $4 million, respectively, of the total non-cash compensation expense was recorded within acquisition-related transaction and integration costs in the consolidated statement of income. Stock Options We use the Black-Scholes option pricing model to value our stock option awards. During the nine months ended September 30, 2024 and 2023, we used the assumptions in the table below to compute the value: Nine Months Ended September 30, Assumptions: 2024 2023 Risk-free interest rate 4.14% 3.47% Expected life in years 6.0 6.1 Expected volatility 24% 24% Expected dividend yield 1.33% 1.56% Estimated weighted-average fair value of options granted per share $37.56 $27.39 The risk-free interest rate is based on the zero-coupon U.S. Treasury yield curve in effect at the date of grant. The expected life is derived from historical and anticipated future exercise patterns. Expected volatility is based on historical volatility data of our stock. Restricted Stock Restricted shares are used as an incentive to attract and retain qualified employees and to align our and our stockholders' interests by linking actual performance to both short and long-term stockholder return. We issue awards that may contain a combination of time, performance and/or market conditions. The grant date fair value of each award is based on the closing stock price of our stock at the date of grant. The grant date fair value of time-based restricted stock is recognized as expense ratably over the vesting period, which is typically three In February 2024, we reserved a maximum of 0.7 million restricted shares for potential issuance as performance-based restricted shares to certain of our employees. The number of shares ultimately granted under this award will be based on our actual financial performance as compared to financial performance targets set by our Board and the Compensation Committee for the year ending December 31, 2024. The maximum compensation expense to be recognized under these performance-based restricted shares is $95 million, net of estimated forfeitures, if the maximum financial performance target is met and all 0.7 million shares vest. The compensation expense to be recognized under these performance-based restricted shares will be $48 million, net of estimated forfeitures, if the target financial performance is met, which would result in 0.4 million shares vesting. For these awards with performance conditions, we recognize expense on an accelerated basis over the three-year vesting period based on our quarterly assessment of the probable 2024 actual financial performance as compared to the 2024 financial performance targets. As of September 30, 2024, our best estimate is that the financial performance level will be above target for 2024. Based on this assessment, we recorded non-cash compensation expense of $22 million and $8 million for the nine and three months ended September 30, 2024, respectively, related to these awards and the remaining $37 million in non-cash compensation expense will be recorded on an accelerated basis over the remaining vesting period, including $9 million which will be recorded over the remainder of 2024. We also issue awards with a market condition but no performance condition. The fair value of these awards is estimated based on a simulation of various outcomes and includes inputs such as our stock price on the grant date and the valuation of historical awards with market conditions.

Equity

Equity	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Equity	Equity Stock Repurchase Program In December 2021, our Board approved an aggregate of $3.15 billion for future repurchases of our common stock with no fixed expiration date that became effective on January 1, 2022. The approval of our Board for the stock repurchases does not obligate us to acquire any particular amount of our common stock. In addition, our Board may increase or decrease the amount available for repurchases from time to time. We fund repurchases from our operating cash flow or borrowings under our debt facilities or our Commercial Paper Program. Repurchases may be made from time to time on the open market, through established trading plans, in privately-negotiated transactions or otherwise, in accordance with all applicable securities laws, rules and regulations. In connection with our acquisition of Black Knight, on May 4, 2022 we terminated our Rule 10b5-1 trading plan and suspended share repurchases. Therefore, we did not have any share repurchases during the nine and three months ended September 30, 2024 or 2023. As of September 30, 2024, the remaining balance of Board approved funds for future repurchases was $2.5 billion. We may begin or discontinue stock repurchases at any time and may enter into, amend or terminate a Rule 10b5-1 trading plan at any time or enter into additional plans, subject to applicable rules. Dividends During the nine months ended September 30, 2024 and 2023, we declared and paid cash dividends per share of $1.35 and $1.26, respectively, for an aggregate payout of $780 million and $713 million, respectively. During the three months ended September 30, 2024 and 2023, we declared and paid cash dividends per share of $0.45 and $0.42, respectively, for an aggregate payout of $261 million and $241 million, respectively. Our Board has adopted a quarterly dividend declaration policy providing that the declaration of any dividends will be approved quarterly by the Board or the Audit Committee, taking into account such factors as our evolving business model, prevailing business conditions, our current and future planned strategic growth initiatives, our financial results and capital requirements and other considerations which our Board deems relevant, without a predetermined annual net income payout ratio. Accumulated Other Comprehensive Income/(Loss) The following tables present changes in the accumulated balances for each component of other comprehensive income/ (loss) (in millions): Changes in Accumulated Other Comprehensive Income/(Loss) by Component Foreign currency translation adjustments Comprehensive income from equity method investment Employee benefit plans adjustments Total Balance, as of December 31, 2023 $ (230) $ 2 $ (66) $ (294) Other comprehensive income 36 9 — 45 Income tax expense — (2) — (2) Net current period other comprehensive income 36 7 — 43 Balance, as of September 30, 2024 $ (194) $ 9 $ (66) $ (251) Changes in Accumulated Other Comprehensive Income/(Loss) by Component Foreign currency translation adjustments Comprehensive income from equity method investment Employee benefit plans adjustments Total Balance, as of June 30, 2024 $ (252) $ 9 $ (66) $ (309) Other comprehensive income 58 — — 58 Income tax expense — — — — Net current period other comprehensive income 58 — — 58 Balance, as of September 30, 2024 $ (194) $ 9 $ (66) $ (251) Changes in Accumulated Other Comprehensive Income/(Loss) by Component Foreign currency translation adjustments Comprehensive income from equity method investment Employee benefit plans adjustments Total Balance, as of December 31, 2022 $ (278) $ 2 $ (55) $ (331) Other comprehensive income/(loss) — — — — Income tax benefit/(expense) — — — — Net current period other comprehensive income/(loss) — — — — Balance, as of September 30, 2023 $ (278) $ 2 $ (55) $ (331) Changes in Accumulated Other Comprehensive Income/(Loss) by Component Foreign currency translation adjustments Comprehensive income from equity method investment Employee benefit plans adjustments Total Balance, as of June 30, 2023 $ (231) $ 2 $ (55) $ (284) Other comprehensive loss (47) — — (47) Income tax benefit/(expense) — — — — Net current period other comprehensive loss (47) — — (47) Balance, as of September 30, 2023 $ (278) $ 2 $ (55) $ (331)

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our effective tax rate was 23% and 14% during the nine months ended September 30, 2024 and 2023, respectively, and 25% and 18% during the three months ended September 30, 2024 and 2023, respectively. The effective tax rates for the nine and three months ended September 30, 2024 were higher than the effective tax rates for the comparable periods in 2023 primarily due to tax benefits resulting from favorable audit settlements and state apportionment changes in the prior periods and the U.K. corporate income tax rate increase to 25% effective for the full year in 2024. The Organisation for Economic Cooperation and Development, or OECD, Global Anti-Base Erosion Pillar Two minimum tax rules, or Pillar Two, which generally provide for a minimum effective tax rate of 15%, are intended to apply to tax years beginning in 2024. The EU member states and many other countries, including the U.K., our most significant non-U.S. jurisdiction, have committed to implement or have already enacted legislation adopting the Pillar Two rules. In July 2023, the U.K. enacted the U.K. Finance Act 2023, effective as of January 1, 2024, which includes provisions to implement certain portions of the Pillar Two minimum tax rules and includes an election to apply a transitional safe harbor to extend certain effective dates to accounting periods ending on or before June 30, 2028. These new U.K. Pillar Two rules did not have a material impact on our income tax provision as of September 30, 2024.

Clearing Operations

Clearing Operations	9 Months Ended
	Sep. 30, 2024
Broker-Dealer [Abstract]
Clearing Operations	Clearing Operations We operate six clearing houses, each of which acts as a central counterparty that becomes the buyer to every seller and the seller to every buyer for its clearing members or participants, or Members. Through this central counterparty function, the clearing houses provide financial security for each transaction for the duration of the position by limiting counterparty credit risk. Our clearing houses are responsible for providing clearing services to each of our futures exchanges, and in some cases to third-party execution venues, and are as follows, referred to herein collectively as "the ICE Clearing Houses": Clearing House Products Cleared Exchange where Executed Location ICE Clear Europe Energy, agricultural, interest rates and equity index futures and options contracts ICE Futures Europe, ICE Futures U.S., ICE Endex, and ICE Futures Abu Dhabi U.K. ICE Clear U.S. Agricultural, metals, foreign exchange, or FX, interest rate and equity index futures and/or options contracts ICE Futures U.S. U.S. ICE Clear Credit OTC North American, European, Asian-Pacific and Emerging Market CDS instruments Creditex and third-party venues U.S. ICE Clear Netherlands Derivatives on equities and equity indices traded on regulated markets ICE Endex The Netherlands ICE Clear Singapore Energy, metals and financial futures products ICE Futures Singapore Singapore ICE NGX Physical North American natural gas, environmental commodities and physical and financial electricity ICE NGX Canada Original and Variation Margin Each of the ICE Clearing Houses generally requires all Members to deposit collateral in cash or certain pledged assets. The collateral deposits are known as “original margin.” In addition, the ICE Clearing Houses may make intraday original margin calls in circumstances where market conditions require additional protection. The daily profits and losses to and from the ICE Clearing Houses due to the marking-to-market of open contracts is known as “variation margin.” The ICE Clearing Houses mark all outstanding contracts to market, and, with the exception of ICE NGX’s physical natural gas, physical environmental and physical power products discussed separately below, pay and collect variation margin at least once daily. The amounts that Members are required to maintain are determined by proprietary risk models established by each ICE Clearing House and reviewed by the relevant regulators, independent model validators, risk committees and the boards of directors of the respective ICE Clearing House. The amounts required may fluctuate over time. Each of the ICE Clearing Houses is a separate legal entity and is not subject to the liabilities of the others, or the obligations of Members of the other ICE Clearing Houses. Should a particular Member fail to deposit its original margin or fail to make a variation margin payment, when and as required, the relevant ICE Clearing House may liquidate or hedge the defaulting Member's open positions and use their original margin and guaranty fund deposits to pay any amount owed. In the event that the defaulting Member's deposits are not sufficient to pay the amount owed in full, the ICE Clearing Houses will first use their respective contributions to the guaranty fund, often referred to as Skin In The Game, or SITG, to pay any remaining amount owed. In the event that the SITG is not sufficient, the ICE Clearing Houses may utilize the respective guaranty fund deposits and default insurance or collect limited additional funds from their respective non-defaulting Members on a pro-rata basis, to pay any remaining amount owed. As of September 30, 2024 and December 31, 2023, the ICE Clearing Houses had received or had been pledged $178.6 billion and $175.9 billion, respectively, in cash and non-cash collateral in original margin and guaranty fund deposits to cover price movements of underlying contracts for both periods. Guaranty Funds and ICE Contribution As described above, mechanisms have been created, called guaranty funds, to provide partial protection in the event of a Member default. With the exception of ICE NGX, each of the ICE Clearing Houses requires that each Member make deposits into a guaranty fund. In addition, we have contributed our own capital that could be used if a defaulting Member’s original margin and guaranty fund deposits are insufficient. Such amounts are recorded as long-term restricted cash and cash equivalents in our balance sheets and are as follows (in millions): ICE Portion of Guaranty Fund Contribution Default insurance Clearing House As of September 30, 2024 As of December 31, 2023 As of September 30, 2024 As of December 31, 2023 ICE Clear Europe $197 $197 $100 $100 ICE Clear U.S. 75 75 25 25 ICE Clear Credit 50 50 75 75 ICE Clear Netherlands 2 2 N/A N/A ICE Clear Singapore 1 1 N/A N/A ICE NGX 45 15 200 200 Total $370 $340 $400 $400 We also maintain default insurance at ICE Clear Europe, ICE Clear U.S. and ICE Clear Credit as an additional layer of clearing member default protection, which is reflected in the table above. The default insurance was renewed in September 2022 and has a three-year term. The default insurance layer resides after and in addition to the ICE Clear Europe, ICE Clear U.S. and ICE Clear Credit SITG contributions and before the guaranty fund contributions of the non-defaulting Members. Similar to SITG, the default insurance layer is not intended to replace or reduce the position risk-based amount of the guaranty fund. As a result, the default insurance layer is not a factor that is included in the calculation of the Members' guaranty fund contribution requirement. Instead, it serves as an additional, distinct, and separate default resource that should serve to further protect the non-defaulting Members’ guaranty fund contributions from being mutualized in the event of a default. As of September 30, 2024, ICE NGX maintained a guaranty fund of $215 million, comprised of $15 million in cash and a $200 million letter of credit backed by a default insurance policy of the same amount, discussed below. Separately, ICE NGX has also set aside $30 million of its own capital that could be used for liquidity purposes if a direct participant of the ICE NGX clearinghouse, or Contracting Party, defaulted. Below is a depiction of our Default Waterfall which summarizes the lines of defense and layers of protection we maintain for our mutualized clearing houses. ICE Clearing House Default Waterfall Cash and Invested Margin Deposits We have recorded cash and invested margin and guaranty fund deposits and amounts due in our balance sheets as current assets with corresponding current liabilities to the Members. As of September 30, 2024, our cash and invested margin deposits were as follows (in millions): ICE Clear Europe ICE Clear ICE Clear U.S. ICE NGX Other ICE Clearing Houses Total Original margin $ 42,632 $ 22,020 $ 7,533 $ — $ 4 $ 72,189 Unsettled variation margin, net — — — 788 — 788 Guaranty fund 2,441 3,513 626 — 5 6,585 Delivery contracts receivable/payable, net — — — 331 — 331 Total $ 45,073 $ 25,533 $ 8,159 $ 1,119 $ 9 $ 79,893 As of December 31, 2023, our cash and invested margin deposits were as follows (in millions): ICE Clear Europe ICE Clear ICE Clear U.S. ICE NGX Other ICE Clearing Houses Total Original margin $ 40,170 $ 28,353 $ 4,693 $ — $ 5 $ 73,221 Unsettled variation margin, net — — — 984 — 984 Guaranty fund 2,358 3,017 609 — 5 5,989 Delivery contracts receivable/payable, net — — — 600 — 600 Total $ 42,528 $ 31,370 $ 5,302 $ 1,584 $ 10 $ 80,794 Our cash and invested margin and guaranty fund deposits are maintained in accounts with national banks and highly-rated financial institutions or secured through direct investments, primarily in U.S. Treasury and other highly-rated foreign government securities, or reverse repurchase agreements with primarily overnight maturities. Reverse repos are valued daily and are subject to collateral maintenance provisions pursuant to which the counterparty must provide additional collateral if the underlying securities lose value, in an amount sufficient to maintain collateralization of at least 102%. We primarily use Level 1 inputs when evaluating the fair value of the non-cash equivalent direct investments, as highly-rated government securities are quoted in active markets. The carrying value of these deposits is deemed to approximate fair value. To provide a tool to address the liquidity needs of our clearing houses and manage the liquidation of margin and guaranty fund deposits held in the form of cash and high quality sovereign debt, ICE Clear Europe, ICE Clear Credit and ICE Clear U.S. have entered into Committed Repurchase Agreement Facilities, or Committed Repo. Additionally, ICE Clear Credit and ICE Clear Netherlands have entered into Committed FX Facilities to support these liquidity needs. As of September 30, 2024, the following facilities were in place: • ICE Clear Europe: $1.0 billion in Committed Repo to have the ability to convert securities held as collateral into U.S. dollar, euro and pound sterling deposits with same day liquidity. • ICE Clear Credit: $300 million in Committed Repo (U.S. dollar based) to have the ability to convert U.S. dollar\euro denominated sovereign debt held as collateral into U.S. dollar\euro deposits with same day liquidity, €250 million in Committed Repo (euro based) to have the ability to convert euro\U.S. dollar denominated sovereign debt deposits held as collateral into euro\U.S. dollar denominated deposits with same day liquidity, and €1.9 billion in Committed FX Facilities to have the ability to convert available U.S. dollar denominated cash into euro denominated cash to meet a euro denominated payment obligation with same day liquidity. • ICE Clear U.S.: $250 million in Committed Repo to have the ability to convert U.S. dollar denominated sovereign debt deposits held as collateral into U.S. dollar deposits with same day liquidity. • ICE Clear Netherlands: €10 million in Committed FX Facilities to have the ability to convert available non-euro denominated cash into euro denominated cash to meet euro denominated payment obligations with same day liquidity. Details of our deposits are as follows (in millions): Cash and Cash Equivalent Margin Deposits and Guaranty Funds Clearing House Investment Type As of September 30, 2024 As of December 31, 2023 ICE Clear Europe National bank account (1) $ 6,079 $ 5,819 ICE Clear Europe Reverse repo 36,177 32,695 ICE Clear Europe Sovereign debt 2,753 3,745 ICE Clear Europe Demand deposits 64 40 ICE Clear Credit National bank account 18,083 22,754 ICE Clear Credit Reverse repo 4,593 5,381 ICE Clear Credit Demand deposits 2,857 3,235 ICE Clear U.S. Reverse repo 7,811 4,955 ICE Clear U.S. Sovereign Debt 348 347 Other ICE Clearing Houses Demand deposits 9 9 Total cash and cash equivalent margin deposits and guaranty funds $ 78,774 $ 78,980 Invested Deposits, Delivery Contracts Receivable and Unsettled Variation Margin Clearing House Investment Type As of September 30, 2024 As of December 31, 2023 ICE NGX Unsettled variation margin and delivery contracts receivable $ 1,119 $ 1,584 ICE Clear Europe Invested deposits - sovereign debt — 230 Total invested deposits, delivery contracts receivable and unsettled variation margin $ 1,119 $ 1,814 (1) As of September 30, 2024, ICE Clear Europe held £4.5 billion ($6.1 billion based on the pound sterling/U.S. dollar exchange rate of 1.3375 as of September 30, 2024) at the Bank of England, or BOE. As of December 31, 2023, ICE Clear Europe held €11 million ($12 million based on the euro/U.S. dollar exchange rate of 1.1037 as of December 31, 2023) at the ECB, £4.6 billion ($5.8 billion based on the pound sterling/U.S. dollar exchange rate of 1.2732 as of December 31, 2023) at the BOE and €10 million ($11 million based on the above exchange rate) at the BOE. Other Deposits In addition to the cash and invested deposits above, the ICE Clearing Houses have also received other assets from Members, which include government obligations, and may include other non-cash collateral such as letters of credit at ICE NGX, European emission allowance certificates or gold on rare occasions at ICE Clear Europe, to mitigate credit risk. For certain deposits, we may impose discount or “haircut” rates to ensure adequate collateral if market values fluctuate. These other deposits are not reflected in the consolidated balance sheets as the risks and rewards of these assets remain with the Members unless the clearing houses have sold or re-pledged the assets or in the event of a clearing member default, where the Member is no longer entitled to redeem the assets. Any income, gain or loss accrues to the Members. The ICE Clearing Houses do not, in the ordinary course, rehypothecate or re-pledge these assets. These pledged assets are not reflected in our balance sheets, and are as follows (in millions): As of September 30, 2024 ICE Clear Europe ICE Clear ICE Clear U.S. ICE NGX Total Original margin: Government securities at face value $ 41,739 $ 33,440 $ 15,613 $ — $ 90,792 Letters of credit and other — — — 3,849 3,849 Emissions certificates at fair value 1,109 — — — 1,109 ICE NGX cash deposits — — — 737 737 Total $ 42,848 $ 33,440 $ 15,613 $ 4,586 $ 96,487 Guaranty fund: Government securities at face value $ 580 $ 1,336 $ 291 $ — $ 2,207 As of December 31, 2023 ICE Clear Europe ICE Clear ICE Clear U.S. ICE NGX Total Original margin: Government securities at face value $ 45,698 $ 26,992 $ 13,062 $ — $ 85,752 Letters of credit and other — — — 5,006 5,006 Emissions certificates at fair value 904 — — — 904 ICE NGX cash deposits — — — 1,219 1,219 Total $ 46,602 $ 26,992 $ 13,062 $ 6,225 $ 92,881 Guaranty fund: Government securities at face value $ 765 $ 1,119 $ 345 $ — $ 2,229 ICE NGX ICE NGX owns a clearing house which administers the physical delivery of energy and environmental trading contracts. ICE NGX is the central counterparty to Members on opposite sides of its physically-settled contracts, and the balance related to delivered but unpaid contracts is recorded as a delivery contract net receivable, with an offsetting delivery contract net payable in our balance sheets. Unsettled variation margin equal to the fair value of open contracts is recorded as of each balance sheet date. There is no impact on our consolidated statements of income as an equal amount is recognized as both an asset and a liability. ICE NGX marks all of its outstanding physical natural gas, physical environmental and physical power contracts to market daily, and requires full collateralization of net accrued variation losses. Due to the highly liquid nature and the short period of time to maturity, the fair values of our delivery contract net payable and net receivable are determined to approximate carrying value. ICE NGX requires Members to maintain cash or letters of credit to serve as collateral in the event of default. The cash is maintained in a segregated bank account for the benefit of the Member, and remains the property of the Member and, therefore, it is not included in our consolidated balance sheets. ICE NGX maintains a committed daylight-overnight liquidity facility in the amount of $100 million with an additional $200 million uncommitted with a third-party Canadian chartered bank which provides liquidity in the event of a settlement shortfall, subject to certain conditions. As of September 30, 2024, ICE NGX maintains a guaranty fund of $215 million funded by a $200 million letter of credit issued by a major Canadian chartered bank and backed by default insurance underwritten by Export Development Canada, or EDC, a Crown corporation operated at arm’s length from the Canadian government, plus $15 million held as restricted cash to fund the first loss amount that ICE NGX is responsible for under the default insurance policy. In the event of a participant default where the Member’s collateral is depleted, the shortfall would be covered by a draw down on the letter of credit following which ICE NGX would file a claim under the default insurance to recover additional losses up to $200 million beyond the $15 million first-loss amount that ICE NGX is responsible for under the default insurance policy. ICE NGX has also set aside $30 million of its own capital that could be used for liquidity purposes in the event of a Contracting Party default. Clearing House Exposure The net notional value of unsettled contracts was $2.4 trillion as of September 30, 2024. Each ICE Clearing House bears financial counterparty credit risk and provides a central counterparty guarantee, or performance guarantee, to its Members. In its guarantor role, each ICE Clearing House has equal and offsetting claims to and from Members on opposite sides of each contract, standing as an intermediary on every contract cleared. To reduce their exposure, the ICE Clearing Houses have a risk management program with both initial and ongoing membership standards. With the exception of ICE NGX, the ICE Clearing Houses mark all outstanding contracts to market and pay and collect variation margin at least once daily. Excluding the effects of original and variation margin, guaranty fund and collateral requirements and default insurance, the ICE Clearing Houses’ maximum estimated exposure for this guarantee would be the intra-day or full day change in fair value if all Members who have open positions with unrealized losses simultaneously defaulted, which is an extremely unlikely scenario. The levels of original margin are calibrated such that a portfolio the ICE Clearing House may be required to liquidate post Member default can be closed or auctioned without recourse to resources other than those deposited by the defaulting Member, assuming an appropriate risk confidence level and liquidation period. In addition to the base margin model, each ICE Clearing House, depending on its products, employs a number of margin add-ons related to position concentration, clearing member capital, volatility, spread responses, recovery rate sensitivity, jump-to-default, and wrong way risk. We also performed calculations to determine the fair value of our counterparty performance guarantee taking into consideration factors such as daily settlement of contracts, margining and collateral requirements, other elements of our risk management program, historical evidence of default payments, and estimated probability of potential default payouts by the ICE Clearing Houses. Based on these analyses, the estimated counterparty performance guarantee liability was determined to be nominal, and no liability was recorded as of September 30, 2024. The ICE Clearing Houses have never experienced an incident of a clearing member default which has required the use of the guaranty funds of non-defaulting clearing members or the assets of the ICE Clearing Houses.

Legal Proceedings

Legal Proceedings	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	Legal Proceedings In the ordinary course of our business, from time to time we are subject to legal proceedings, lawsuits, government investigations and other claims with respect to a variety of matters. In addition, we are subject to periodic reviews, inspections, examinations and investigations by regulators in the U.S. and other jurisdictions, any of which may result in claims, legal proceedings, assessments, fines, penalties, restrictions on our business or other sanctions. We record estimated expenses and reserves for legal or regulatory matters or other claims when these matters present loss contingencies that are probable and the related amount is reasonably estimable. Any such accruals may be adjusted as circumstances change. Assessments of losses are inherently subjective and involve unpredictable factors. While the outcome of legal and regulatory matters is inherently difficult to predict and/or the range of loss often cannot be reasonably estimable, we do not believe that the liabilities, if any, which may ultimately result from the resolution of the various legal and regulatory matters that arise in the ordinary course of our business, including the PennyMac Arbitration matter described below and those described in Note 16 to the consolidated financial statements in Part II, Item 8 of our 2023 Form 10-K, are likely to have a material adverse effect on our consolidated financial condition, results of operations, or liquidity. It is possible, however, that future results of operations for any particular quarterly or annual period could be materially and adversely affected by any developments relating to these legal and regulatory matters. A range of possible losses related to certain cases cannot be reasonably estimated at this time, except for a $10 million accrual related to a regulatory matter and as otherwise disclosed below and in Note 16 to the consolidated financial statements in Part II, Item 8 of our 2023 Form 10-K. Individual matter disclosures in this Form 10-Q are limited to new significant matters or significant updates on existing matters since the 2023 Form 10-K. PennyMac Arbitration In this matter, an American Arbitration Association arbitrator found, among other things, that PennyMac, in developing its Servicing Systems Environment, or SSE, software, engaged in the unauthorized use of Black Knight’s confidential information and granted Black Knight’s breach of contract claim on this basis. The arbitrator entered a final award of $157 million in favor of Black Knight on January 12, 2024. On February 14, 2024, PennyMac paid Black Knight $160 million in satisfaction of the final award (inclusive of applicable interest). In the same arbitration, PennyMac also brought claims under the Sherman and Clayton Acts, seeking $65 million in damages, subject to trebling. The arbitrator awarded PennyMac zero dollars in damages on its claims. The arbitrator also found unenforceable a legacy provision in Black Knight contracts preventing clients from servicing loans on multiple systems simultaneously. Black Knight never enforced that provision against any customer and has alerted current customers that this provision will not be enforced in the future. For further information on our legal and regulatory matters, please see Note 16 to the consolidated financial statements in Part II, Item 8 of our 2023 Form 10-K.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is the price that would be received from selling an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Our financial instruments consist primarily of certain short-term and long-term assets and liabilities, customer accounts receivable, margin deposits and guaranty funds, equity and equity method investments, and short-term and long-term debt. The fair value of our financial instruments is measured based on a three-level hierarchy: • Level 1 inputs — quoted prices for identical assets or liabilities in active markets. • Level 2 inputs — observable inputs other than Level 1 inputs such as quoted prices for similar assets and liabilities in active markets or inputs other than quoted prices that are directly observable. • Level 3 inputs — unobservable inputs supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Financial assets and liabilities recorded or disclosed at fair value in the consolidated balance sheets as of September 30, 2024 and December 31, 2023 were classified in their entirety based on the lowest level of input that is significant to the asset or liability’s fair value measurement. Recurring Fair Value Measurements Our mutual funds are equity and fixed income mutual funds held for the purpose of providing future payments for our supplemental executive savings plan and our supplemental executive retirement plan. These mutual funds are classified as equity investments and measured at fair value using Level 1 inputs with adjustments recorded in net income. Excluding our equity investments without a readily determinable fair value, all other financial instruments are determined to approximate carrying value due to the short period of time to their maturities. As described in Note 3, we measured the right to receive the net proceeds of the sale of the Promissory Note obtained in connection with the Optimal Blue sale using Level 3 inputs. In February 2024, the FTC approved the buyer of the Promissory Note, and we completed the sale of the Promissory Note and received the $75 million of proceeds thereafter. Subsequent to the sale and as of September 30, 2024, we did not use Level 3 inputs to determine the fair value of assets or liabilities measured at fair value on a recurring basis. See Note 12 for the fair value considerations related to our margin deposits, guaranty funds and delivery contracts receivable. Non-Recurring Fair Value Measurements We measure certain assets, such as intangible assets and equity investments, including equity method investments, at fair value on a non-recurring basis. These assets are recognized at fair value if they are deemed to be impaired. As of September 30, 2024, with the exception of a $3 million impairment of a developed technology intangible asset recorded during the three months ended March 31, 2024 within the Exchanges segment, none of our intangible assets or equity method investments were required to be recorded at fair value since no impairments were recorded. We measure certain equity investments at fair value on a non-recurring basis using our policy election under ASC 321, Investments - Equity Securities. During the nine and three months ended September 30, 2024, we recorded a $1 million fair value loss and a $2 million fair value gain, respectively, on our investments related to an impairment and separately identifying an observable price change in one of our investments. These were recorded within other income/(expense), net, in the consolidated statement of income. With the exception of the items noted above, no other adjustments were necessary. As of September 30, 2024, the carrying amount of our investments without readily determinable fair values was $99 million. Financial Instruments Not Measured at Fair Value The table below displays the fair value of our debt as of September 30, 2024. The fair values of our fixed rate notes were estimated using Level 2 inputs including quoted market prices for these instruments. The fair value of other short-term debt approximates par value since the interest rates on this short-term debt approximate market rates as of September 30, 2024. As of September 30, 2024 (in millions) Debt: Carrying Amount Fair value Commercial Paper $ 1,371 $ 1,371 2025 Senior Notes (3.65%; unsecured due May 23, 2025) 1,248 1,242 2025 Senior Notes (3.75%; unsecured due December 1, 2025) 1,249 1,243 2027 Senior Notes (4.00%; unsecured due September 15, 2027) 1,491 1,503 2027 Senior Notes (3.10%; unsecured due September 15, 2027) 498 487 2028 Senior Notes (3.625%; unsecured due September 1, 2028) 933 979 2028 Senior Notes (3.75%; unsecured due September 21, 2028) 596 592 2029 Senior Notes (4.35%; unsecured due June 15, 2029) 1,243 1,261 2030 Senior Notes (2.10%; unsecured due June 15, 2030) 1,239 1,115 2031 Senior Notes (5.25%; unsecured due June 15, 2031) 743 790 2032 Senior Notes (1.85%; unsecured due September 15, 2032) 1,487 1,244 2033 Senior Notes (4.60%; unsecured due March 15, 2033) 1,490 1,517 2040 Senior Notes (2.65%; unsecured due September 15, 2040) 1,233 944 2048 Senior Notes (4.25%; unsecured due September 21, 2048) 1,233 1,111 2050 Senior Notes (3.00%; unsecured due June 15, 2050) 1,223 895 2052 Senior Notes (4.95%; unsecured due June 15, 2052) 1,466 1,497 2060 Senior Notes (3.00%; unsecured due September 15, 2060) 1,472 1,003 2062 Senior Notes (5.20%; unsecured due June 15, 2062) 985 1,022 Total debt $ 21,200 $ 19,816

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting Our business is conducted through three reportable business segments: • Exchanges: We operate regulated marketplace technology for the listing, trading and clearing of a broad array of derivatives contracts and financial securities as well as data and connectivity services related to our exchanges and clearing houses; • Fixed Income and Data Services: We provide fixed income pricing, reference data, indices, analytics and execution services as well as global CDS clearing and multi-asset class data delivery technology; and • Mortgage Technology: We provide a technology platform that offers customers comprehensive, digital workflow tools that aim to address inefficiencies and mitigate risks that exist in the U.S. residential mortgage market life cycle from application through closing, servicing and the secondary market. While revenues are recorded specifically in the segment in which they are earned or to which they relate, a significant portion of our operating expenses are not solely related to a specific segment because the expenses serve functions that are necessary for the operation of more than one segment. We directly allocate expenses when reasonably possible to do so. Otherwise, we use a pro-rata revenue approach as the allocation method for the expenses that do not relate solely to one segment and serve functions that are necessary for the operation of all segments. Our chief operating decision maker does not review total assets or statements of income below operating income by segments; therefore, such information is not presented below. Our three segments do not engage in intersegment transactions. Financial data for our business segments is as follows for the nine and three months ended September 30, 2024 and 2023 (in millions): Nine Months Ended September 30, 2024 Exchanges Fixed Income and Data Services Mortgage Technology Consolidated Revenues: Energy futures and options $ 1,399 $ — $ — $ 1,399 Agricultural and metals futures and options 203 — — 203 Financial futures and options 408 — — 408 Cash equities and equity options 2,092 — — 2,092 OTC and other 313 — — 313 Data and connectivity services 717 — — 717 Listings 366 — — 366 Fixed income execution — 84 — 84 CDS clearing — 268 — 268 Fixed income data and analytics — 876 — 876 Other data and network services — 491 — 491 Origination technology — — 536 536 Closing solutions — — 150 150 Servicing software — — 635 635 Data and analytics — — 193 193 Revenues 5,498 1,719 1,514 8,731 Transaction-based expenses 1,775 — — 1,775 Revenues, less transaction-based expenses 3,723 1,719 1,514 6,956 Operating expenses 989 1,087 1,648 3,724 Operating income/(loss) $ 2,734 $ 632 $ (134) $ 3,232 Three Months Ended September 30, 2024 Exchanges Fixed Income and Data Services Mortgage Technology Consolidated Revenues: Energy futures and options $ 473 $ — $ — $ 473 Agricultural and metals futures and options 60 — — 60 Financial futures and options 141 — — 141 Cash equities and equity options 791 — — 791 OTC and other 109 — — 109 Data and connectivity services 242 — — 242 Listings 122 — — 122 Fixed income execution — 28 — 28 CDS clearing — 97 — 97 Fixed income data and analytics — 295 — 295 Other data and network services — 166 — 166 Origination technology — — 182 182 Closing solutions — — 54 54 Servicing software — — 209 209 Data and analytics — — 64 64 Revenues 1,938 586 509 3,033 Transaction-based expenses 684 — — 684 Revenues, less transaction-based expenses 1,254 586 509 2,349 Operating expenses 307 376 563 1,246 Operating income/(loss) $ 947 $ 210 $ (54) $ 1,103 Nine Months Ended September 30, 2023 Exchanges Fixed Income and Data Services Mortgage Technology Consolidated Revenues: Energy futures and options $ 1,084 $ — $ — $ 1,084 Agricultural and metals futures and options 208 — — 208 Financial futures and options 344 — — 344 Cash equities and equity options 1,734 — — 1,734 OTC and other 309 — — 309 Data and connectivity services 699 — — 699 Listings 376 — — 376 Fixed income execution — 89 — 89 CDS clearing — 279 — 279 Fixed income data and analytics — 832 — 832 Other data and network services — 468 — 468 Origination technology — — 524 524 Closing solutions — — 136 136 Servicing software — — 69 69 Data and analytics — — 86 86 Revenues 4,754 1,668 815 7,237 Transaction-based expenses 1,450 — — 1,450 Revenues, less transaction-based expenses 3,304 1,668 815 5,787 Operating expenses 944 1,057 1,017 3,018 Operating income/(loss) $ 2,360 $ 611 $ (202) $ 2,769 Three Months Ended September 30, 2023 Exchanges Fixed Income and Data Services Mortgage Technology Consolidated Revenues: Energy futures and options $ 384 $ — $ — $ 384 Agricultural and metals futures and options 61 — — 61 Financial futures and options 112 — — 112 Cash equities and equity options 519 — — 519 OTC and other 104 — — 104 Data and connectivity services 236 — — 236 Listings 124 — — 124 Fixed income execution — 29 — 29 CDS clearing — 94 — 94 Fixed income data and analytics — 279 — 279 Other data and network services — 157 — 157 Origination technology — — 172 172 Closing solutions — — 48 48 Servicing software — — 69 69 Data and analytics — — 41 41 Revenues 1,540 559 330 2,429 Transaction-based expenses 426 — — 426 Revenues, less transaction-based expenses 1,114 559 330 2,003 Operating expenses 313 358 487 1,158 Operating income/(loss) $ 801 $ 201 $ (157) $ 845 Revenues from one member of the Exchanges segment comprised $386 million, or 10%, and $112 million, or 9%, of our Exchange revenues, less transaction-based expenses for the nine and three months ended September 30, 2024, respectively. Revenues from one member of the Exchanges segment comprised $394 million, or 12%, and $140 million, or 13%, of our Exchange revenues, less transaction-based expenses for the nine and three months ended September 30, 2023, respectively. Clearing members are primarily intermediaries and represent a broad range of principal trading firms. If a clearing member ceased its operations, we believe that the trading firms would continue to conduct transactions and would clear those transactions through another clearing member firm. No additional customers or clearing members accounted for more than 10% of our segment revenues or consolidated revenues during the nine and three months ended September 30, 2024 or 2023.

Earnings Per Common Share

Earnings Per Common Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations for the nine and three months ended September 30, 2024 and 2023 (in millions, except per share amounts): Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 Basic: Net income attributable to Intercontinental Exchange, Inc. $ 2,056 $ 1,995 $ 657 $ 541 Weighted average common shares outstanding 573 561 574 563 Basic earnings per common share $ 3.59 $ 3.56 $ 1.15 $ 0.96 Diluted: Weighted average common shares outstanding 573 561 574 563 Effect of dilutive securities - stock options and restricted stock 3 1 3 2 Diluted weighted average common shares outstanding 576 562 577 565 Diluted earnings per common share $ 3.57 $ 3.55 $ 1.14 $ 0.96 Basic earnings per common share is calculated using the weighted average common shares outstanding during the period. Common equivalent shares from stock options and restricted stock awards, calculated using the treasury stock method, are included in the diluted per share calculations unless the effect of their inclusion would be antidilutive. During the nine months ended September 30, 2024 and 2023, 0.2 million and 0.8 million outstanding stock options and restricted stock awards, respectively, were not included in the computation of diluted earnings per common share because to do so would have had an antidilutive effect.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events We have evaluated subsequent events and determined that no events or transactions met the definition of a subsequent event for purposes of recognition or disclosure in the consolidated financial statements.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net income attributable to Intercontinental Exchange, Inc.	$ 657	$ 541	$ 2,056	$ 1,995

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
	Sep. 30, 2024 shares	Sep. 30, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false
Lynn C. Martin [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On August 12, 2024, Lynn C. Martin, our President, NYSE Group and Chair, ICE Fixed Income & Data Services, adopted a trading plan for the sale of shares of ICE common stock, which is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. The plan expires on the earlier of (i) July 31, 2025 or (ii) upon the completion of the sale of the maximum number of shares under the plan. The aggregate number of shares to be sold under the plan is 8,310 shares plus an undetermined number of shares to be sold resulting from the vesting of performance-based restricted stock units less the amount of shares that will be withheld to satisfy the payment of Ms. Martin's tax withholding obligations.
Name	Lynn C. Martin
Title	President, NYSE Group and Chair, ICE Fixed Income & Data Services
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	August 12, 2024
Expiration Date	July 31, 2025
Arrangement Duration	353 days
Aggregate Available	8,310	8,310
Benjamin R. Jackson [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On August 14, 2024, Benjamin R. Jackson, our President, adopted a trading plan for the sale of shares of ICE common stock, which is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. The plan expires on the earlier of (i) July 31, 2025 or (ii) upon the completion of the sale of the maximum number of shares under the plan. The aggregate number of shares to be sold under the plan is 39,110 shares plus an undetermined number of shares to be sold resulting from the vesting of performance-based restricted stock units less the amount of shares that will be withheld to satisfy the payment of Mr. Jackson's tax withholding obligations.
Name	Benjamin R. Jackson
Title	President
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	August 14, 2024
Expiration Date	July 31, 2025
Arrangement Duration	351 days
Aggregate Available	39,110	39,110
Mayur Kapani March 2024 Plan [Member] | Mayur Kapani [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On August 6, 2024, Mayur Kapani, our Chief Technology Officer, terminated a trading plan for the sale of shares of ICE common stock, which was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. The terminated plan was adopted on March 8, 2024 and would have expired on the earlier of (i) March 7, 2025 or (ii) upon the completion of the sale of the maximum number of shares under the terminated plan. The aggregate number of shares to be sold under the terminated plan was 2,790 shares.
Name	Mayur Kapani
Title	Chief Technology Officer
Rule 10b5-1 Arrangement Terminated	true
Termination Date	August 6, 2024
Aggregate Available	2,790	2,790
Mayur Kapani September 2024 Plan [Member] | Mayur Kapani [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On September 9, 2024, Mayur Kapani, our Chief Technology Officer, adopted a trading plan for the sale of shares of ICE common stock, which is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. The plan expires on the earlier of (i) July 31, 2025 or (ii) upon the completion of the sale of the maximum number of shares under the plan. The aggregate number of shares to be sold under the plan is 16,985 shares plus an undetermined number of shares to be sold resulting from the vesting of performance-based restricted stock units less the amount of shares that will be withheld to satisfy the payment of Mr. Kapani's tax withholding obligations.
Name	Mayur Kapani
Title	Chief Technology Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	September 9, 2024
Expiration Date	July 31, 2025
Arrangement Duration	325 days
Aggregate Available	16,985	16,985

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles, or U.S. GAAP, pursuant to the rules and regulations of the Securities and Exchange Commission, or SEC, regarding interim financial reporting. Accordingly, the unaudited consolidated financial statements do not include all of the information and notes required by U.S. GAAP for complete financial statements and should be read in conjunction with our audited consolidated financial statements and related notes thereto for the year ended December 31, 2023. The unaudited consolidated financial statements reflect all adjustments that are, in our opinion, necessary for a fair presentation of results for the interim periods presented. We believe that these adjustments are of a normal recurring nature. Preparing financial statements in conformity with U.S. GAAP requires us to make certain estimates and assumptions that affect the amounts that are reported in our consolidated financial statements and accompanying notes. Actual amounts could differ from those estimates. The results of operations for the nine and three months ended September 30, 2024 are not necessarily indicative of the results to be expected for any future period or the full fiscal year. These statements include the accounts of our wholly-owned and controlled subsidiaries. All intercompany balances and transactions between us and our wholly-owned and controlled subsidiaries have been eliminated in consolidation. For consolidated subsidiaries in which our ownership is less than 100% and for which we have control over the assets and liabilities and the management of the entity, the outside stockholders’ interests are shown as non-controlling interests. We have considered the impacts of macroeconomic conditions during the quarter, including interest rates, inflation rates, election uncertainty and outcomes, geopolitical events and military conflicts, including repercussions from the conflicts in Ukraine and the Middle East and the impacts that any of the foregoing may have on the global economy and on our business. As of September 30, 2024, our businesses and operations, including our exchanges, clearing houses, listings venues, data services businesses and mortgage platforms, have not suffered a material negative impact as a result of these events. There continues to be uncertainty surrounding the current macroeconomic environment and the impact that it may have on the global economy and on our business.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements During the nine months ended September 30, 2024, there were no significant changes to the new and recently adopted accounting pronouncements applicable to us from those disclosed in Note 2 to the consolidated financial statements in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2023, or the 2023 Form 10-K.
Revenue Recognition	Substantially all of our revenues are considered to be revenues from contracts with customers. The related accounts receivable balances are recorded in our consolidated balance sheets as customer accounts receivable. We do not have obligations for warranties, returns or refunds to customers, other than rebates, which are settled each period and therefore do not result in variable consideration. We do not have significant revenue recognized from performance obligations that were satisfied in prior periods. Certain judgments and estimates are used in the identification and timing of satisfaction of performance obligations and the related allocation of transaction price. We believe that these represent a faithful depiction of the transfer of services to our customers. Deferred revenue represents our contract liabilities related to our annual, original and other listings revenues, certain data services, clearing services, mortgage technology services and other revenues. See Note 7 for our discussion of deferred revenue balances, activity, and expected timing of recognition. For all of our contracts with customers, except for listings and certain data, clearing and mortgage services, our performance obligations are short term in nature and there is no significant variable consideration. In addition, we have elected the practical expedient of excluding sales taxes from transaction prices. Refer to Notes 2 and 5 to the consolidated financial statements included in Part II, Item 8 of our 2023 Form 10-K where we describe our revenue recognition accounting policies and our primary revenue contract classifications in detail.

Acquisitions and Divestitures (

Acquisitions and Divestitures (Tables)	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Fair Value of the Consideration	The net fair value of the consideration transferred for Black Knight was approximately $11.4 billion as of the acquisition date, which consisted of the following (in millions): Transaction Consideration Cash $ 10,542 ICE common stock* 1,274 Converted vested Black Knight awards 22 Total purchase price $ 11,838 Less: Divestitures (476) Total net purchase price $ 11,362 *Fair value of the ICE common stock was based on the ICE closing stock price on September 1, 2023, the last business day prior to the acquisition close.
Schedule of Purchase Price Allocation	The net purchase price allocation is as follows (in millions): Net Purchase Price Allocation Cash and cash equivalents $ 108 Property and equipment 120 Goodwill 9,441 Identifiable intangibles 4,948 Debt acquired (2,397) Other assets and liabilities, net 25 Deferred tax liabilities on identifiable intangibles (1,270) Other deferred tax assets 387 Net purchase price $ 11,362
Schedule of Components of the Intangible Assets Associated with the Acquisition	The following table sets forth the components of the intangible assets associated with the acquisition as of September 30, 2024 (in millions, except years): Acquisition-Date Fair Value Weighted average life (Years) Developed Technology $ 1,176 10 Trademarks/Tradenames 159 19 Customer Relationships 3,034 13 Data and Databases 579 10 Total $ 4,948 12
Schedule of Business Acquisition Pro Forma Information	Nine Months Ended September 30, 2023 Three Months Ended September 30, 2023 Total revenues, less transaction-based expenses $ 6,534 $ 2,190 Net income attributable to ICE $ 1,755 $ 474

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Revenue Recognition	The following table depicts the disaggregation of our revenues according to business line and segment (in millions). Amounts here have been aggregated as they follow consistent revenue recognition patterns, and are consistent with the segment information in Note 15: Exchanges Segment Fixed Income and Data Services Segment Mortgage Technology Segment Total Consolidated Nine Months Ended September 30, 2024: Total revenues (1) $ 5,498 $ 1,719 $ 1,514 $ 8,731 Transaction-based expenses 1,775 — — 1,775 Total revenues, less transaction-based expenses $ 3,723 $ 1,719 $ 1,514 $ 6,956 Timing of Revenue Recognition Services transferred at a point in time $ 2,261 $ 326 $ 338 $ 2,925 Services transferred over time 1,462 1,393 1,176 4,031 Total revenues, less transaction-based expenses $ 3,723 $ 1,719 $ 1,514 $ 6,956 (1) Included in total revenues is revenue related to net interest income earned on cash margin received from clearing members at certain ICE clearing houses. These amounts were $74 million and $105 million recorded in Exchanges and Fixed Income and Data Services segments, respectively. Exchanges Segment Fixed Income and Data Services Segment Mortgage Technology Segment Total Consolidated Three Months Ended September 30, 2024: Total revenues (1) $ 1,938 $ 586 $ 509 $ 3,033 Transaction-based expenses 684 — — 684 Total revenues, less transaction-based expenses $ 1,254 $ 586 $ 509 $ 2,349 Timing of Revenue Recognition Services transferred at a point in time $ 762 $ 114 $ 118 $ 994 Services transferred over time 492 472 391 1,355 Total revenues, less transaction-based expenses $ 1,254 $ 586 $ 509 $ 2,349 (1) Included in total revenues is revenue related to net interest income earned on cash margin received from clearing members at certain ICE clearing houses. These amounts were $27 million and $33 million recorded in Exchanges and Fixed Income and Data Services segments, respectively. Exchanges Segment Fixed Income and Data Services Segment Mortgage Technology Segment Total Consolidated Nine Months Ended September 30, 2023: Total revenues (1) $ 4,754 $ 1,668 $ 815 $ 7,237 Transaction-based expenses 1,450 — — 1,450 Total revenues, less transaction-based expenses $ 3,304 $ 1,668 $ 815 $ 5,787 Timing of Revenue Recognition Services transferred at a point in time $ 1,902 $ 343 $ 240 $ 2,485 Services transferred over time 1,402 1,325 575 3,302 Total revenues, less transaction-based expenses $ 3,304 $ 1,668 $ 815 $ 5,787 (1) Included in total revenues is revenue related to net interest income earned on cash margin received from clearing members at certain ICE clearing houses. These amounts were $64 million and $118 million recorded in Exchanges and Fixed Income and Data Services segments, respectively. Exchanges Segment Fixed Income and Data Services Segment Mortgage Technology Segment Total Consolidated Three Months Ended September 30, 2023: Total revenues (1) $ 1,540 $ 559 $ 330 $ 2,429 Transaction-based expenses 426 — — 426 Total revenues, less transaction-based expenses $ 1,114 $ 559 $ 330 $ 2,003 Timing of Revenue Recognition Services transferred at a point in time $ 639 $ 114 $ 92 $ 845 Services transferred over time 475 445 238 1,158 Total revenues, less transaction-based expenses $ 1,114 $ 559 $ 330 $ 2,003 (1) Included in total revenues is revenue related to net interest income earned on cash margin received from clearing members at certain ICE clearing houses. These amounts were $20 million and $40 million recorded in Exchanges and Fixed Income and Data Services segments, respectively. The components of services transferred over time for each of our segments are as follows: Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 Exchanges Segment: Data services revenues $ 717 $ 699 $ 242 $ 236 Services transferred over time related to risk management of open interest performance obligations 281 229 94 78 Services transferred over time related to listings 366 376 122 124 Services transferred over time related to regulatory fees, trading permits, and software licenses 98 98 34 37 Total $ 1,462 $ 1,402 $ 492 $ 475 Fixed Income Data Services Segment: Data services revenues $ 1,367 $ 1,300 $ 461 $ 436 Services transferred over time related to risk management of open interest performance obligations in our CDS business 26 25 11 9 Total $ 1,393 $ 1,325 $ 472 $ 445 Mortgage Technology Segment: Recurring revenues $ 1,164 $ 564 $ 387 $ 235 Other 12 11 4 3 Total $ 1,176 $ 575 $ 391 $ 238 Total consolidated revenues transferred over time $ 4,031 $ 3,302 $ 1,355 $ 1,158

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedules of Intangible Assets and Goodwill	The following is a summary of the activity in our goodwill balance by segment for the nine months ended September 30, 2024 (in millions): Exchanges Segment Fixed Income and Data Services Segment Mortgage Technology Segment Total Consolidated Goodwill balance at December 31, 2023 $ 8,155 $ 4,854 $ 17,544 $ 30,553 Acquisition — — 4 4 Foreign currency translation 15 2 — 17 Other activity, net — — 24 24 Goodwill balance at September 30, 2024 $ 8,170 $ 4,856 $ 17,572 $ 30,598 The following is a summary of the activity in our other intangible assets balance for the nine months ended September 30, 2024 (in millions): Other intangible assets balance at December 31, 2023 $ 17,317 Acquisition 3 Foreign currency translation 12 Amortization of other intangible assets (759) Other intangible assets balance at September 30, 2024 $ 16,573

Deferred Revenue (Tables)

Deferred Revenue (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Changes in Deferred Revenue	The changes in our deferred revenue during the nine months ended September 30, 2024 are as follows (in millions): Listings Revenues Data Services and Other Revenues Mortgage Technology Total Deferred revenue balance at January 1, 2024 $ 108 $ 93 $ 106 $ 307 Additions 487 335 106 928 Amortization (366) (270) (124) (760) Deferred revenue balance at September 30, 2024 $ 229 $ 158 $ 88 $ 475 The changes in our deferred revenue during the nine months ended September 30, 2023 are as follows (in millions): Listings Revenues Data Services and Other Revenues Mortgage Technology Total Deferred revenue balance at January 1, 2023 $ 115 $ 88 $ 51 $ 254 Additions (1) 485 311 144 940 Amortization (376) (281) (88) (745) Deferred revenue balance at September 30, 2023 $ 224 $ 118 $ 107 $ 449 (1) Additions in our Mortgage Technology segment in the table above include $68 million of deferred revenue acquired on the date of the Black Knight acquisition (Note 3) and $28 million of Black Knight related deferred revenue added in the period after the date of the Black Knight acquisition through September 30, 2023.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Total Debt	The carrying value of our total debt, including short-term and long-term debt, consisted of the following (in millions): As of September 30, 2024 As of December 31, 2023 Short-term debt: Commercial Paper $ 1,371 $ 1,954 2025 Senior Notes (3.65%; unsecured due May 23, 2025) 1,248 — Total short-term debt 2,619 1,954 Long-term debt: 2025 Term Loan due August 31, 2025 — 1,600 2025 Senior Notes (3.65%; unsecured due May 23, 2025) — 1,246 2025 Senior Notes (3.75%; unsecured due December 1, 2025) 1,249 1,248 2027 Senior Notes (4.00%; unsecured due September 15, 2027) 1,491 1,489 2027 Senior Notes (3.10%; unsecured due September 15, 2027) 498 498 2028 Senior Notes (3.625%; unsecured due September 1, 2028) 933 920 2028 Senior Notes (3.75%; unsecured due September 21, 2028) 596 596 2029 Senior Notes (4.35%; unsecured due June 15, 2029) 1,243 1,241 2030 Senior Notes (2.10%; unsecured due June 15, 2030) 1,239 1,238 2031 Senior Notes (5.25%; unsecured due June 15, 2031) 743 — 2032 Senior Notes (1.85%; unsecured due September 15, 2032) 1,487 1,486 2033 Senior Notes (4.60%; unsecured due March 15, 2033) 1,490 1,489 2040 Senior Notes (2.65%; unsecured due September 15, 2040) 1,233 1,232 2048 Senior Notes (4.25%; unsecured due September 21, 2048) 1,233 1,232 2050 Senior Notes (3.00%; unsecured due June 15, 2050) 1,223 1,222 2052 Senior Notes (4.95%; unsecured due June 15, 2052) 1,466 1,466 2060 Senior Notes (3.00%; unsecured due September 15, 2060) 1,472 1,472 2062 Senior Notes (5.20%; unsecured due June 15, 2062) 985 984 Total long-term debt 18,581 20,659 Total debt $ 21,200 $ 22,613

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Schedule of Stock Options Valuation Assumptions	During the nine months ended September 30, 2024 and 2023, we used the assumptions in the table below to compute the value: Nine Months Ended September 30, Assumptions: 2024 2023 Risk-free interest rate 4.14% 3.47% Expected life in years 6.0 6.1 Expected volatility 24% 24% Expected dividend yield 1.33% 1.56% Estimated weighted-average fair value of options granted per share $37.56 $27.39

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following tables present changes in the accumulated balances for each component of other comprehensive income/ (loss) (in millions): Changes in Accumulated Other Comprehensive Income/(Loss) by Component Foreign currency translation adjustments Comprehensive income from equity method investment Employee benefit plans adjustments Total Balance, as of December 31, 2023 $ (230) $ 2 $ (66) $ (294) Other comprehensive income 36 9 — 45 Income tax expense — (2) — (2) Net current period other comprehensive income 36 7 — 43 Balance, as of September 30, 2024 $ (194) $ 9 $ (66) $ (251) Changes in Accumulated Other Comprehensive Income/(Loss) by Component Foreign currency translation adjustments Comprehensive income from equity method investment Employee benefit plans adjustments Total Balance, as of June 30, 2024 $ (252) $ 9 $ (66) $ (309) Other comprehensive income 58 — — 58 Income tax expense — — — — Net current period other comprehensive income 58 — — 58 Balance, as of September 30, 2024 $ (194) $ 9 $ (66) $ (251) Changes in Accumulated Other Comprehensive Income/(Loss) by Component Foreign currency translation adjustments Comprehensive income from equity method investment Employee benefit plans adjustments Total Balance, as of December 31, 2022 $ (278) $ 2 $ (55) $ (331) Other comprehensive income/(loss) — — — — Income tax benefit/(expense) — — — — Net current period other comprehensive income/(loss) — — — — Balance, as of September 30, 2023 $ (278) $ 2 $ (55) $ (331) Changes in Accumulated Other Comprehensive Income/(Loss) by Component Foreign currency translation adjustments Comprehensive income from equity method investment Employee benefit plans adjustments Total Balance, as of June 30, 2023 $ (231) $ 2 $ (55) $ (284) Other comprehensive loss (47) — — (47) Income tax benefit/(expense) — — — — Net current period other comprehensive loss (47) — — (47) Balance, as of September 30, 2023 $ (278) $ 2 $ (55) $ (331)

Clearing Operations (Tables)

Clearing Operations (Tables)	9 Months Ended
	Sep. 30, 2024
Broker-Dealer [Abstract]
Schedule of Guaranty Fund Contribution	Our clearing houses are responsible for providing clearing services to each of our futures exchanges, and in some cases to third-party execution venues, and are as follows, referred to herein collectively as "the ICE Clearing Houses": Clearing House Products Cleared Exchange where Executed Location ICE Clear Europe Energy, agricultural, interest rates and equity index futures and options contracts ICE Futures Europe, ICE Futures U.S., ICE Endex, and ICE Futures Abu Dhabi U.K. ICE Clear U.S. Agricultural, metals, foreign exchange, or FX, interest rate and equity index futures and/or options contracts ICE Futures U.S. U.S. ICE Clear Credit OTC North American, European, Asian-Pacific and Emerging Market CDS instruments Creditex and third-party venues U.S. ICE Clear Netherlands Derivatives on equities and equity indices traded on regulated markets ICE Endex The Netherlands ICE Clear Singapore Energy, metals and financial futures products ICE Futures Singapore Singapore ICE NGX Physical North American natural gas, environmental commodities and physical and financial electricity ICE NGX Canada
Schedule of Guaranty Fund Contribution and Default Insurance	Such amounts are recorded as long-term restricted cash and cash equivalents in our balance sheets and are as follows (in millions): ICE Portion of Guaranty Fund Contribution Default insurance Clearing House As of September 30, 2024 As of December 31, 2023 As of September 30, 2024 As of December 31, 2023 ICE Clear Europe $197 $197 $100 $100 ICE Clear U.S. 75 75 25 25 ICE Clear Credit 50 50 75 75 ICE Clear Netherlands 2 2 N/A N/A ICE Clear Singapore 1 1 N/A N/A ICE NGX 45 15 200 200 Total $370 $340 $400 $400
Schedule of Cash and Invested Deposits	As of September 30, 2024, our cash and invested margin deposits were as follows (in millions): ICE Clear Europe ICE Clear ICE Clear U.S. ICE NGX Other ICE Clearing Houses Total Original margin $ 42,632 $ 22,020 $ 7,533 $ — $ 4 $ 72,189 Unsettled variation margin, net — — — 788 — 788 Guaranty fund 2,441 3,513 626 — 5 6,585 Delivery contracts receivable/payable, net — — — 331 — 331 Total $ 45,073 $ 25,533 $ 8,159 $ 1,119 $ 9 $ 79,893 As of December 31, 2023, our cash and invested margin deposits were as follows (in millions): ICE Clear Europe ICE Clear ICE Clear U.S. ICE NGX Other ICE Clearing Houses Total Original margin $ 40,170 $ 28,353 $ 4,693 $ — $ 5 $ 73,221 Unsettled variation margin, net — — — 984 — 984 Guaranty fund 2,358 3,017 609 — 5 5,989 Delivery contracts receivable/payable, net — — — 600 — 600 Total $ 42,528 $ 31,370 $ 5,302 $ 1,584 $ 10 $ 80,794
Schedule of Cash and Cash Equivalents	Details of our deposits are as follows (in millions): Cash and Cash Equivalent Margin Deposits and Guaranty Funds Clearing House Investment Type As of September 30, 2024 As of December 31, 2023 ICE Clear Europe National bank account (1) $ 6,079 $ 5,819 ICE Clear Europe Reverse repo 36,177 32,695 ICE Clear Europe Sovereign debt 2,753 3,745 ICE Clear Europe Demand deposits 64 40 ICE Clear Credit National bank account 18,083 22,754 ICE Clear Credit Reverse repo 4,593 5,381 ICE Clear Credit Demand deposits 2,857 3,235 ICE Clear U.S. Reverse repo 7,811 4,955 ICE Clear U.S. Sovereign Debt 348 347 Other ICE Clearing Houses Demand deposits 9 9 Total cash and cash equivalent margin deposits and guaranty funds $ 78,774 $ 78,980 Invested Deposits, Delivery Contracts Receivable and Unsettled Variation Margin Clearing House Investment Type As of September 30, 2024 As of December 31, 2023 ICE NGX Unsettled variation margin and delivery contracts receivable $ 1,119 $ 1,584 ICE Clear Europe Invested deposits - sovereign debt — 230 Total invested deposits, delivery contracts receivable and unsettled variation margin $ 1,119 $ 1,814 (1) As of September 30, 2024, ICE Clear Europe held £4.5 billion ($6.1 billion based on the pound sterling/U.S. dollar exchange rate of 1.3375 as of September 30, 2024) at the Bank of England, or BOE. As of December 31, 2023, ICE Clear Europe held €11 million ($12 million based on the euro/U.S. dollar exchange rate of 1.1037 as of December 31, 2023) at the ECB, £4.6 billion ($5.8 billion based on the pound sterling/U.S. dollar exchange rate of 1.2732 as of December 31, 2023) at the BOE and €10 million ($11 million based on the above exchange rate) at the BOE.
Schedule of Assets Pledged by Clearing Members as Original Margin and Guaranty Fund Deposits	These pledged assets are not reflected in our balance sheets, and are as follows (in millions): As of September 30, 2024 ICE Clear Europe ICE Clear ICE Clear U.S. ICE NGX Total Original margin: Government securities at face value $ 41,739 $ 33,440 $ 15,613 $ — $ 90,792 Letters of credit and other — — — 3,849 3,849 Emissions certificates at fair value 1,109 — — — 1,109 ICE NGX cash deposits — — — 737 737 Total $ 42,848 $ 33,440 $ 15,613 $ 4,586 $ 96,487 Guaranty fund: Government securities at face value $ 580 $ 1,336 $ 291 $ — $ 2,207 As of December 31, 2023 ICE Clear Europe ICE Clear ICE Clear U.S. ICE NGX Total Original margin: Government securities at face value $ 45,698 $ 26,992 $ 13,062 $ — $ 85,752 Letters of credit and other — — — 5,006 5,006 Emissions certificates at fair value 904 — — — 904 ICE NGX cash deposits — — — 1,219 1,219 Total $ 46,602 $ 26,992 $ 13,062 $ 6,225 $ 92,881 Guaranty fund: Government securities at face value $ 765 $ 1,119 $ 345 $ — $ 2,229

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments	The fair values of our fixed rate notes were estimated using Level 2 inputs including quoted market prices for these instruments. The fair value of other short-term debt approximates par value since the interest rates on this short-term debt approximate market rates as of September 30, 2024. As of September 30, 2024 (in millions) Debt: Carrying Amount Fair value Commercial Paper $ 1,371 $ 1,371 2025 Senior Notes (3.65%; unsecured due May 23, 2025) 1,248 1,242 2025 Senior Notes (3.75%; unsecured due December 1, 2025) 1,249 1,243 2027 Senior Notes (4.00%; unsecured due September 15, 2027) 1,491 1,503 2027 Senior Notes (3.10%; unsecured due September 15, 2027) 498 487 2028 Senior Notes (3.625%; unsecured due September 1, 2028) 933 979 2028 Senior Notes (3.75%; unsecured due September 21, 2028) 596 592 2029 Senior Notes (4.35%; unsecured due June 15, 2029) 1,243 1,261 2030 Senior Notes (2.10%; unsecured due June 15, 2030) 1,239 1,115 2031 Senior Notes (5.25%; unsecured due June 15, 2031) 743 790 2032 Senior Notes (1.85%; unsecured due September 15, 2032) 1,487 1,244 2033 Senior Notes (4.60%; unsecured due March 15, 2033) 1,490 1,517 2040 Senior Notes (2.65%; unsecured due September 15, 2040) 1,233 944 2048 Senior Notes (4.25%; unsecured due September 21, 2048) 1,233 1,111 2050 Senior Notes (3.00%; unsecured due June 15, 2050) 1,223 895 2052 Senior Notes (4.95%; unsecured due June 15, 2052) 1,466 1,497 2060 Senior Notes (3.00%; unsecured due September 15, 2060) 1,472 1,003 2062 Senior Notes (5.20%; unsecured due June 15, 2062) 985 1,022 Total debt $ 21,200 $ 19,816

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	Financial data for our business segments is as follows for the nine and three months ended September 30, 2024 and 2023 (in millions): Nine Months Ended September 30, 2024 Exchanges Fixed Income and Data Services Mortgage Technology Consolidated Revenues: Energy futures and options $ 1,399 $ — $ — $ 1,399 Agricultural and metals futures and options 203 — — 203 Financial futures and options 408 — — 408 Cash equities and equity options 2,092 — — 2,092 OTC and other 313 — — 313 Data and connectivity services 717 — — 717 Listings 366 — — 366 Fixed income execution — 84 — 84 CDS clearing — 268 — 268 Fixed income data and analytics — 876 — 876 Other data and network services — 491 — 491 Origination technology — — 536 536 Closing solutions — — 150 150 Servicing software — — 635 635 Data and analytics — — 193 193 Revenues 5,498 1,719 1,514 8,731 Transaction-based expenses 1,775 — — 1,775 Revenues, less transaction-based expenses 3,723 1,719 1,514 6,956 Operating expenses 989 1,087 1,648 3,724 Operating income/(loss) $ 2,734 $ 632 $ (134) $ 3,232 Three Months Ended September 30, 2024 Exchanges Fixed Income and Data Services Mortgage Technology Consolidated Revenues: Energy futures and options $ 473 $ — $ — $ 473 Agricultural and metals futures and options 60 — — 60 Financial futures and options 141 — — 141 Cash equities and equity options 791 — — 791 OTC and other 109 — — 109 Data and connectivity services 242 — — 242 Listings 122 — — 122 Fixed income execution — 28 — 28 CDS clearing — 97 — 97 Fixed income data and analytics — 295 — 295 Other data and network services — 166 — 166 Origination technology — — 182 182 Closing solutions — — 54 54 Servicing software — — 209 209 Data and analytics — — 64 64 Revenues 1,938 586 509 3,033 Transaction-based expenses 684 — — 684 Revenues, less transaction-based expenses 1,254 586 509 2,349 Operating expenses 307 376 563 1,246 Operating income/(loss) $ 947 $ 210 $ (54) $ 1,103 Nine Months Ended September 30, 2023 Exchanges Fixed Income and Data Services Mortgage Technology Consolidated Revenues: Energy futures and options $ 1,084 $ — $ — $ 1,084 Agricultural and metals futures and options 208 — — 208 Financial futures and options 344 — — 344 Cash equities and equity options 1,734 — — 1,734 OTC and other 309 — — 309 Data and connectivity services 699 — — 699 Listings 376 — — 376 Fixed income execution — 89 — 89 CDS clearing — 279 — 279 Fixed income data and analytics — 832 — 832 Other data and network services — 468 — 468 Origination technology — — 524 524 Closing solutions — — 136 136 Servicing software — — 69 69 Data and analytics — — 86 86 Revenues 4,754 1,668 815 7,237 Transaction-based expenses 1,450 — — 1,450 Revenues, less transaction-based expenses 3,304 1,668 815 5,787 Operating expenses 944 1,057 1,017 3,018 Operating income/(loss) $ 2,360 $ 611 $ (202) $ 2,769 Three Months Ended September 30, 2023 Exchanges Fixed Income and Data Services Mortgage Technology Consolidated Revenues: Energy futures and options $ 384 $ — $ — $ 384 Agricultural and metals futures and options 61 — — 61 Financial futures and options 112 — — 112 Cash equities and equity options 519 — — 519 OTC and other 104 — — 104 Data and connectivity services 236 — — 236 Listings 124 — — 124 Fixed income execution — 29 — 29 CDS clearing — 94 — 94 Fixed income data and analytics — 279 — 279 Other data and network services — 157 — 157 Origination technology — — 172 172 Closing solutions — — 48 48 Servicing software — — 69 69 Data and analytics — — 41 41 Revenues 1,540 559 330 2,429 Transaction-based expenses 426 — — 426 Revenues, less transaction-based expenses 1,114 559 330 2,003 Operating expenses 313 358 487 1,158 Operating income/(loss) $ 801 $ 201 $ (157) $ 845

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Reconciliation of the Numerators and Denominators of the Basic and Diluted Earnings Per Common Share	The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations for the nine and three months ended September 30, 2024 and 2023 (in millions, except per share amounts): Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 Basic: Net income attributable to Intercontinental Exchange, Inc. $ 2,056 $ 1,995 $ 657 $ 541 Weighted average common shares outstanding 573 561 574 563 Basic earnings per common share $ 3.59 $ 3.56 $ 1.15 $ 0.96 Diluted: Weighted average common shares outstanding 573 561 574 563 Effect of dilutive securities - stock options and restricted stock 3 1 3 2 Diluted weighted average common shares outstanding 576 562 577 565 Diluted earnings per common share $ 3.57 $ 3.55 $ 1.14 $ 0.96

Description of Business (Detail

Description of Business (Details)	9 Months Ended
	Sep. 30, 2024 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	3

Acquisitions and Divestitures -

Acquisitions and Divestitures - Narrative (Details) shares in Millions				1 Months Ended	3 Months Ended	9 Months Ended
	Dec. 31, 2023 USD ($)	Sep. 14, 2023 USD ($)	Sep. 05, 2023 USD ($) trading_day shares	Feb. 29, 2024 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)
Business Acquisition [Line Items]
Proceeds from sale of Promissory Note						$ 75,000,000	$ 0
Black Knight, Inc.
Business Acquisition [Line Items]
Note receivable, face amount		$ 500,000,000
Note receivable, term		40 years
Interest rate		7%
Note receivable	$ 75,000,000	$ 235,000,000
Fair value, option, changes in fair value, loss	$ 160,000,000
Proceeds from sale of Promissory Note				$ 75,000,000
Optimal Blue | Black Knight, Inc.
Business Acquisition [Line Items]
Disposal group, including discontinued operation, consideration		$ 241,000,000
Black Knight, Inc.
Business Acquisition [Line Items]
Percentage of voting interests acquired			100%
Total purchase price			$ 11,838,000,000
Cash			$ 10,542,000,000
Equity interests issued and issuable (in shares) | shares			10.9
Business combination, common stock, consecutive trading days | trading_day			10
Business combination, common stock, trading days prior to closing | trading_day			3
Total net purchase price			$ 11,838,000,000
Expected tax deductible amount			$ 186,000,000
Revenue of acquiree since acquisition date					$ 264,000,000	800,000,000
Business combination, pro forma information, operating expenses of acquire since acquisition date, actual					$ 287,000,000	$ 850,000,000

Acquisitions and Divestitures_2

Acquisitions and Divestitures - Schedule of Fair Value of the Consideration Transferred (Details) - Black Knight, Inc. $ in Millions	Sep. 05, 2023 USD ($)
Business Acquisition [Line Items]
Cash	$ 10,542
ICE common stock	1,274
Converted vested Black Knight awards	22
Total net purchase price	11,838
Less: Divestitures	(476)
Total net purchase price	$ 11,362

Acquisitions and Divestitures_3

Acquisitions and Divestitures - Schedule of Purchase Price Allocation (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 05, 2023
Business Acquisition [Line Items]
Goodwill	$ 30,598	$ 30,553
Black Knight, Inc.
Business Acquisition [Line Items]
Cash and cash equivalents			$ 108
Property and equipment			120
Goodwill			9,441
Identifiable intangibles			4,948
Debt acquired			(2,397)
Other assets and liabilities, net			25
Deferred tax liabilities on identifiable intangibles			(1,270)
Other deferred tax assets			387
Net purchase price			$ 11,362

Acquisitions and Divestitures_4

Acquisitions and Divestitures - Schedule of Components of the Intangible Assets Associated with the Acquisition (Details) - Black Knight, Inc. $ in Millions	Sep. 05, 2023 USD ($)
Business Acquisition [Line Items]
Identifiable intangibles	$ 4,948
Useful life (in years)	12 years
Developed Technology
Business Acquisition [Line Items]
Finite-lived, gross	$ 1,176
Useful life (in years)	10 years
Trademarks/Tradenames
Business Acquisition [Line Items]
Finite-lived, gross	$ 159
Useful life (in years)	19 years
Customer Relationships
Business Acquisition [Line Items]
Finite-lived, gross	$ 3,034
Useful life (in years)	13 years
Data and Databases
Business Acquisition [Line Items]
Finite-lived, gross	$ 579
Useful life (in years)	10 years

Acquisitions and Divestitures_5

Acquisitions and Divestitures - Business Acquisition Pro Forma Information (Details) - Black Knight, Inc. - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Total revenues, less transaction-based expenses	$ 2,190	$ 6,534
Net income attributable to ICE	$ 474	$ 1,755

Investments (Details)

Investments (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Aug. 12, 2024	Feb. 29, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Net losses from unconsolidated investees			$ 63,000,000	$ 91,000,000
Revolving Credit Facility
Schedule of Equity Method Investments [Line Items]
Maximum borrowing capacity	$ 3,900,000,000		3,900,000,000
Revolving Credit Facility | Line of Credit | Bakkt Credit Facility
Schedule of Equity Method Investments [Line Items]
Maximum borrowing capacity					$ 40,000,000
Long-term debt	0		0
Options Clearing Corporation
Schedule of Equity Method Investments [Line Items]
Net losses from unconsolidated investees	$ 18,000,000	$ 26,000,000	$ 63,000,000	$ 91,000,000
Ownership percentage	40%		40%
Bakkt
Schedule of Equity Method Investments [Line Items]
Ownership percentage	55%		55%				64%
Aggregate cost						$ 10,000,000
Fair value of investments	$ 71,000,000		$ 71,000,000

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Revenue Recognition (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenues	$ 3,033	$ 2,429	$ 8,731	$ 7,237
Transaction-based expenses	684	426	1,775	1,450
Total revenues, less transaction-based expenses	2,349	2,003	6,956	5,787
Data services revenues
Disaggregation of Revenue [Line Items]
Total revenues	242	236	717	699
Services transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues, less transaction-based expenses	994	845	2,925	2,485
Services transferred over time
Disaggregation of Revenue [Line Items]
Total revenues, less transaction-based expenses	1,355	1,158	4,031	3,302
Exchanges Segment
Disaggregation of Revenue [Line Items]
Total revenues	1,938	1,540	5,498	4,754
Transaction-based expenses	684	426	1,775	1,450
Total revenues, less transaction-based expenses	1,254	1,114	3,723	3,304
Exchanges Segment | Data services revenues
Disaggregation of Revenue [Line Items]
Total revenues	242	236	717	699
Exchanges Segment | Net Interest Income
Disaggregation of Revenue [Line Items]
Total revenues		20		64
Revenue related to net interest income earned	27		74
Exchanges Segment | Services transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues, less transaction-based expenses	762	639	2,261	1,902
Exchanges Segment | Services transferred over time
Disaggregation of Revenue [Line Items]
Total revenues, less transaction-based expenses	492	475	1,462	1,402
Exchanges Segment | Services transferred over time | Data services revenues
Disaggregation of Revenue [Line Items]
Total revenues, less transaction-based expenses	242	236	717	699
Exchanges Segment | Services transferred over time | Services transferred over time related to risk management of open interest performance obligations
Disaggregation of Revenue [Line Items]
Total revenues, less transaction-based expenses	94	78	281	229
Exchanges Segment | Services transferred over time | Services transferred over time related to listings
Disaggregation of Revenue [Line Items]
Total revenues, less transaction-based expenses	122	124	366	376
Exchanges Segment | Services transferred over time | Services transferred over time related to regulatory fees, trading permits, and software licenses
Disaggregation of Revenue [Line Items]
Total revenues, less transaction-based expenses	34	37	98	98
Fixed Income and Data Services Segment
Disaggregation of Revenue [Line Items]
Total revenues	586	559	1,719	1,668
Transaction-based expenses	0	0	0	0
Total revenues, less transaction-based expenses	586	559	1,719	1,668
Fixed Income and Data Services Segment | Data services revenues
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Fixed Income and Data Services Segment | Net Interest Income
Disaggregation of Revenue [Line Items]
Total revenues		40		118
Revenue related to net interest income earned	33		105
Fixed Income and Data Services Segment | Services transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues, less transaction-based expenses	114	114	326	343
Fixed Income and Data Services Segment | Services transferred over time
Disaggregation of Revenue [Line Items]
Total revenues, less transaction-based expenses	472	445	1,393	1,325
Fixed Income and Data Services Segment | Services transferred over time | Services transferred over time related to risk management of open interest performance obligations
Disaggregation of Revenue [Line Items]
Total revenues, less transaction-based expenses	11	9	26	25
Fixed Income and Data Services Segment | Services transferred over time | Data services revenues
Disaggregation of Revenue [Line Items]
Total revenues, less transaction-based expenses	461	436	1,367	1,300
Mortgage Technology Segment
Disaggregation of Revenue [Line Items]
Total revenues	509	330	1,514	815
Transaction-based expenses	0	0	0	0
Total revenues, less transaction-based expenses	509	330	1,514	815
Mortgage Technology Segment | Data services revenues
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Mortgage Technology Segment | Services transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues, less transaction-based expenses	118	92	338	240
Mortgage Technology Segment | Services transferred over time
Disaggregation of Revenue [Line Items]
Total revenues, less transaction-based expenses	391	238	1,176	575
Mortgage Technology Segment | Services transferred over time | Recurring revenues
Disaggregation of Revenue [Line Items]
Total revenues, less transaction-based expenses	387	235	1,164	564
Mortgage Technology Segment | Services transferred over time | Other
Disaggregation of Revenue [Line Items]
Total revenues, less transaction-based expenses	$ 4	$ 3	$ 12	$ 11

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Remaining performance obligation, amount	$ 3,700
Contract assets	$ 86	$ 80
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Disaggregation of Revenue [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	3 months
Remaining performance obligation, percentage	10%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Disaggregation of Revenue [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	2 years
Remaining performance obligation, percentage	69%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Disaggregation of Revenue [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	2 years
Remaining performance obligation, percentage	93%
Fixed Income and Data Services Segment | Services transferred over time | Services transferred over time related to risk management of open interest performance obligations | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Disaggregation of Revenue [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 month

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Schedule of Goodwill Rollforward (Details) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 30,553
Acquisition	4
Foreign currency translation	17
Other activity, net	24
Goodwill, ending balance	30,598
Exchanges Segment
Goodwill [Roll Forward]
Goodwill, beginning balance	8,155
Acquisition	0
Foreign currency translation	15
Other activity, net	0
Goodwill, ending balance	8,170
Fixed Income and Data Services Segment
Goodwill [Roll Forward]
Goodwill, beginning balance	4,854
Acquisition	0
Foreign currency translation	2
Other activity, net	0
Goodwill, ending balance	4,856
Mortgage Technology Segment
Goodwill [Roll Forward]
Goodwill, beginning balance	17,544
Acquisition	4
Foreign currency translation	0
Other activity, net	24
Goodwill, ending balance	$ 17,572

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Schedule of Other Intangible Rollforward (Details) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Finite-lived Intangible Assets [Roll Forward]
Other intangible assets, beginning balance	$ 17,317
Acquisition	3
Foreign currency translation	12
Amortization of other intangible assets	(759)
Other intangible assets, ending balance	$ 16,573

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2024	Sep. 30, 2024
Finite-Lived Intangible Assets [Line Items]
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]		Depreciation and amortization
Developed technology | Exchanges Segment
Finite-Lived Intangible Assets [Line Items]
Impairment of assets	$ 3	$ 3

Deferred Revenue - Narrative (D

Deferred Revenue - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Total deferred revenue	$ 475	$ 449	$ 475	$ 449	$ 307	$ 254
Deferred revenue, current	375		375		$ 200
Deferred revenue, noncurrent	100		100
Revenue recognized	$ 39	$ 24	$ 169	$ 127

Deferred Revenue - Schedule of

Deferred Revenue - Schedule of Changes in Deferred Revenue (Details) - USD ($) $ in Millions	1 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 05, 2023
Disaggregation Of Revenue [Roll Forward]
Beginning balance		$ 307	$ 254
Additions		928	940
Amortization		(760)	(745)
Ending balance	$ 449	475	449
Black Knight, Inc.
Disaggregation Of Revenue [Roll Forward]
Additions	28
Listings Revenues
Disaggregation Of Revenue [Roll Forward]
Beginning balance		108	115
Additions		487	485
Amortization		(366)	(376)
Ending balance	224	229	224
Data Services and Other Revenues
Disaggregation Of Revenue [Roll Forward]
Beginning balance		93	88
Additions		335	311
Amortization		(270)	(281)
Ending balance	118	158	118
Mortgage technology
Disaggregation Of Revenue [Roll Forward]
Beginning balance		106	51
Additions		106	144
Amortization		(124)	(88)
Ending balance	$ 107	$ 88	$ 107
Mortgage technology | Black Knight, Inc.
Disaggregation Of Revenue [Roll Forward]
Deferred revenue acquired				$ 68

Debt - Schedule of Total Debt (

Debt - Schedule of Total Debt (Details) - USD ($)	Sep. 30, 2024	Jun. 05, 2024	May 13, 2024	Dec. 31, 2023
Short-term debt:
Commercial Paper	$ 1,371,000,000			$ 1,954,000,000
Total short-term debt	2,619,000,000			1,954,000,000
Long-term debt:
Total long-term debt	18,581,000,000			20,659,000,000
Total debt	21,200,000,000			22,613,000,000
2025 Senior Notes (3.65%; unsecured due May 23, 2025)
Short-term debt:
Senior notes	1,248,000,000			0
Line of Credit | 2025 Term Loan due August 31, 2025
Long-term debt:
Senior notes	$ 0			1,600,000,000
Senior Notes | 2025 Senior Notes (3.65%; unsecured due May 23, 2025)
Debt Instrument [Line Items]
Interest rate, stated percentage	3.65%
Long-term debt:
Senior notes	$ 0			1,246,000,000
Total debt	$ 1,248,000,000
Senior Notes | 2025 Senior Notes (3.75%; unsecured due December 1, 2025)
Debt Instrument [Line Items]
Interest rate, stated percentage	3.75%
Long-term debt:
Senior notes	$ 1,249,000,000			1,248,000,000
Total debt	$ 1,249,000,000
Senior Notes | 2027 Senior Notes (4.00%; unsecured due September 15, 2027)
Debt Instrument [Line Items]
Interest rate, stated percentage	4%
Long-term debt:
Senior notes	$ 1,491,000,000			1,489,000,000
Total debt	$ 1,491,000,000
Senior Notes | 2027 Senior Notes (3.10%; unsecured due September 15, 2027)
Debt Instrument [Line Items]
Interest rate, stated percentage	3.10%
Long-term debt:
Senior notes	$ 498,000,000			498,000,000
Total debt	$ 498,000,000
Senior Notes | 2028 Senior Notes (3.625%; unsecured due September 1, 2028)
Debt Instrument [Line Items]
Interest rate, stated percentage	3.625%	3.625%
Long-term debt:
Senior notes	$ 933,000,000	$ 1,000,000,000		920,000,000
Total debt	$ 933,000,000
Senior Notes | 2028 Senior Notes (3.75%; unsecured due September 21, 2028)
Debt Instrument [Line Items]
Interest rate, stated percentage	3.75%
Long-term debt:
Senior notes	$ 596,000,000			596,000,000
Total debt	$ 596,000,000
Senior Notes | 2029 Senior Notes (4.35%; unsecured due June 15, 2029)
Debt Instrument [Line Items]
Interest rate, stated percentage	4.35%
Long-term debt:
Senior notes	$ 1,243,000,000			1,241,000,000
Total debt	$ 1,243,000,000
Senior Notes | 2030 Senior Notes (2.10%; unsecured due June 15, 2030)
Debt Instrument [Line Items]
Interest rate, stated percentage	2.10%
Long-term debt:
Senior notes	$ 1,239,000,000			1,238,000,000
Total debt	$ 1,239,000,000
Senior Notes | 2031 Senior Notes (5.25%; unsecured due June 15, 2031)
Debt Instrument [Line Items]
Interest rate, stated percentage	5.25%		5.25%
Long-term debt:
Senior notes	$ 743,000,000			0
Total debt	$ 743,000,000
Senior Notes | 2032 Senior Notes (1.85%; unsecured due September 15, 2032)
Debt Instrument [Line Items]
Interest rate, stated percentage	1.85%
Long-term debt:
Senior notes	$ 1,487,000,000			1,486,000,000
Total debt	$ 1,487,000,000
Senior Notes | 2033 Senior Notes (4.60%; unsecured due March 15, 2033)
Debt Instrument [Line Items]
Interest rate, stated percentage	4.60%
Long-term debt:
Senior notes	$ 1,490,000,000			1,489,000,000
Total debt	$ 1,490,000,000
Senior Notes | 2040 Senior Notes (2.65%; unsecured due September 15, 2040)
Debt Instrument [Line Items]
Interest rate, stated percentage	2.65%
Long-term debt:
Senior notes	$ 1,233,000,000			1,232,000,000
Total debt	$ 1,233,000,000
Senior Notes | 2048 Senior Notes (4.25%; unsecured due September 21, 2048)
Debt Instrument [Line Items]
Interest rate, stated percentage	4.25%
Long-term debt:
Senior notes	$ 1,233,000,000			1,232,000,000
Total debt	$ 1,233,000,000
Senior Notes | 2050 Senior Notes (3.00%; unsecured due June 15, 2050)
Debt Instrument [Line Items]
Interest rate, stated percentage	3%
Long-term debt:
Senior notes	$ 1,223,000,000			1,222,000,000
Total debt	$ 1,223,000,000
Senior Notes | 2052 Senior Notes (4.95%; unsecured due June 15, 2052)
Debt Instrument [Line Items]
Interest rate, stated percentage	4.95%
Long-term debt:
Senior notes	$ 1,466,000,000			1,466,000,000
Total debt	$ 1,466,000,000
Senior Notes | 2060 Senior Notes (3.00%; unsecured due September 15, 2060)
Debt Instrument [Line Items]
Interest rate, stated percentage	3%
Long-term debt:
Senior notes	$ 1,472,000,000			1,472,000,000
Total debt	$ 1,472,000,000
Senior Notes | 2062 Senior Notes (5.20%; unsecured due June 15, 2062)
Debt Instrument [Line Items]
Interest rate, stated percentage	5.20%
Long-term debt:
Senior notes	$ 985,000,000			$ 984,000,000
Total debt	$ 985,000,000

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)			9 Months Ended
	Jun. 05, 2024	May 13, 2024	Sep. 30, 2024	May 31, 2024	Dec. 31, 2023
Line of Credit Facility [Line Items]
Short term debt			$ 2,619,000,000		$ 1,954,000,000
India Subsidiaries
Line of Credit Facility [Line Items]
Maximum borrowing capacity			14,000,000
Amount of debt outstanding			0
Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity			3,900,000,000
Additional borrowing capacity			1,000,000,000
Debt issuance costs				$ 4,000,000
Amount of debt outstanding			0
Currently available for borrowing			3,900,000,000
Amount required to stop broker-dealer subsidiary commitments			172,000,000
Funds available to use for working capital and general and corporate purposes			$ 2,400,000,000
Revolving Credit Facility | Commercial Paper
Line of Credit Facility [Line Items]
Weighted average interest rate			5.20%
Short term debt			$ 1,400,000,000
Repayments of commercial paper			$ 583,000,000
Weighted average remaining maturity			19 days
Revolving Credit Facility | Commercial Paper | Minimum
Line of Credit Facility [Line Items]
Debt instrument, term			1 day
Revolving Credit Facility | Commercial Paper | Maximum
Line of Credit Facility [Line Items]
Debt instrument, term			28 days
Senior Notes
Line of Credit Facility [Line Items]
Debt instrument, face amount			$ 19,800,000,000
Debt instrument, term			14 years
Weighted average interest rate			3.70%
Senior Notes | 2031 Senior Notes (5.25%; unsecured due June 15, 2031)
Line of Credit Facility [Line Items]
Debt instrument, face amount		$ 750,000,000
Debt issuance costs		$ 6,000,000
Interest rate, stated percentage		5.25%	5.25%
Proceeds from (repayments of) debt		$ 500,000,000
Senior notes			$ 743,000,000		0
Senior Notes | 2028 Senior Notes (3.625%; unsecured due September 1, 2028)
Line of Credit Facility [Line Items]
Debt instrument, face amount	$ 998,000,000
Interest rate, stated percentage	3.625%		3.625%
Senior notes	$ 1,000,000,000		$ 933,000,000		$ 920,000,000
Extinguishment of debt	998,000,000
Long term debt	$ 2,000,000
Line of Credit | Term Loan
Line of Credit Facility [Line Items]
Debt instrument, term			2 years
Maximum borrowing capacity			$ 2,400,000,000
Credit spread adjustment			0.10%
Line of Credit | Term Loan | Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate			0.875%
Line of Credit | Term Loan | Secured Overnight Financing Rate (SOFR) | Minimum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate			0.625%
Line of Credit | Term Loan | Secured Overnight Financing Rate (SOFR) | Maximum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate			1.125%
Line of Credit | Term Loan | Base Rate | Minimum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate			0%
Line of Credit | Term Loan | Base Rate | Maximum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate			0.125%

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - USD ($) shares in Millions, $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Feb. 29, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Class of Stock [Line Items]
Stock-based compensation		$ 57	$ 79	$ 171	$ 164
Performance Based Restricted Stock Units
Class of Stock [Line Items]
Award vesting period	3 years
Unrecognized compensation expense	$ 48	37		37
Target reserved (in shares)	0.4
Stock-based compensation		8		22
Amount of non-cash compensation remaining in fiscal period		9		$ 9
Minimum | Restricted stock
Class of Stock [Line Items]
Award vesting period				3 years
Maximum | Performance Based Restricted Stock Units
Class of Stock [Line Items]
Shares reserved for future issuance (in shares)	0.7
Unrecognized compensation expense	$ 95
Maximum | Restricted stock
Class of Stock [Line Items]
Award vesting period				4 years
Acquisition-Related Transaction and Integration Costs
Class of Stock [Line Items]
Stock-based compensation		$ 4		$ 14

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Stock Options Valuation Assumptions (Details) - $ / shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Equity [Abstract]
Risk-free interest rate	4.14%	3.47%
Expected life in years	6 years	6 years 1 month 6 days
Expected volatility	24%	24%
Expected dividend yield	1.33%	1.56%
Estimated weighted-average fair value of options granted per share (in dollars per share)	$ 37.56	$ 27.39

Equity - Narrative (Details)

Equity - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jan. 01, 2022
Equity [Abstract]
Stock repurchase program, authorized amount					$ 3,150,000,000
Repurchases of common stock (in shares)	0	0	0	0
Stock repurchase program, remaining authorized amount	$ 2,500,000,000		$ 2,500,000,000
Cash dividends declared and paid (in dollars per share)	$ 0.45	$ 0.42	$ 1.35	$ 1.26
Aggregate payout	$ 261,000,000	$ 241,000,000	$ 780,000,000	$ 713,000,000

Equity - Schedule of Accumulate

Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 26,744	$ 23,889	$ 25,786	$ 22,761
Other comprehensive income/(loss)	58	(47)	45	0
Income tax benefit/(expense)	0	0	(2)	0
Other comprehensive income/(loss)	58	(47)	43	0
Ending balance	27,273	25,512	27,273	25,512
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(309)	(284)	(294)	(331)
Other comprehensive income/(loss)	58	(47)	43
Ending balance	(251)	(331)	(251)	(331)
Foreign currency translation adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(252)	(231)	(230)	(278)
Other comprehensive income/(loss)	58	(47)	36	0
Income tax benefit/(expense)	0	0	0	0
Other comprehensive income/(loss)	58	(47)	36	0
Ending balance	(194)	(278)	(194)	(278)
Comprehensive income from equity method investment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	9	2	2	2
Other comprehensive income/(loss)	0	0	9	0
Income tax benefit/(expense)	0	0	(2)	0
Other comprehensive income/(loss)	0	0	7	0
Ending balance	9	2	9	2
Employee benefit plans adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(66)	(55)	(66)	(55)
Other comprehensive income/(loss)	0	0	0	0
Income tax benefit/(expense)	0	0	0	0
Other comprehensive income/(loss)	0	0	0	0
Ending balance	$ (66)	$ (55)	$ (66)	$ (55)

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate	25%	18%	23%	14%

Clearing Operations - Narrative

Clearing Operations - Narrative (Details) € in Millions	1 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2024 USD ($) clearing_house	Sep. 30, 2024 EUR (€)	Dec. 31, 2023 USD ($)
Principal Transaction Revenue [Line Items]
Number of clearing houses | clearing_house		6
Margin deposits and guaranty funds assets received or pledged		$ 178,600,000,000		$ 175,900,000,000
Default insurance term (in years)	3 years
Cash deposits		78,774,000,000		$ 78,980,000,000
Net notional value of unsettled contracts		2,400,000,000,000
ICE NGX
Principal Transaction Revenue [Line Items]
Guaranty fund		215,000,000
Cash deposits		15,000,000
Liquidity purposes, own capital, amount		30,000,000
Daylight liquidity		100,000,000
First-loss amount		15,000,000
ICE NGX | Canadian Chartered Bank
Principal Transaction Revenue [Line Items]
Daylight liquidity		200,000,000
ICE NGX | Letter of Credit
Principal Transaction Revenue [Line Items]
Debt instrument, face amount		200,000,000
Additional losses under insurance policy		200,000,000
ICE NGX | Letter of Credit | Canadian Chartered Bank
Principal Transaction Revenue [Line Items]
Debt instrument, face amount		200,000,000
ICE Clear Europe
Principal Transaction Revenue [Line Items]
Committed repo		1,000,000,000
ICE Clear Credit
Principal Transaction Revenue [Line Items]
Committed repo		300,000,000	€ 250
Committed FX facilities | €			1,900
ICE Clear U.S.
Principal Transaction Revenue [Line Items]
Committed repo		$ 250,000,000
ICE Clear Netherlands
Principal Transaction Revenue [Line Items]
Committed FX facilities | €			€ 10

Clearing Operations - Schedule

Clearing Operations - Schedule of Guaranty Fund Contributions and Default Insurance (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Clearing Organizations [Line Items]
ICE Portion of Guaranty Fund Contribution	$ 370	$ 340
Default insurance	400	400
ICE Clear Europe
Clearing Organizations [Line Items]
ICE Portion of Guaranty Fund Contribution	197	197
Default insurance	100	100
ICE Clear U.S.
Clearing Organizations [Line Items]
ICE Portion of Guaranty Fund Contribution	75	75
Default insurance	25	25
ICE Clear Credit
Clearing Organizations [Line Items]
ICE Portion of Guaranty Fund Contribution	50	50
Default insurance	75	75
ICE Clear Netherlands
Clearing Organizations [Line Items]
ICE Portion of Guaranty Fund Contribution	2	2
ICE Clear Singapore
Clearing Organizations [Line Items]
ICE Portion of Guaranty Fund Contribution	1	1
ICE NGX
Clearing Organizations [Line Items]
ICE Portion of Guaranty Fund Contribution	45	15
Default insurance	$ 200	$ 200

Clearing Operations - Schedul_2

Clearing Operations - Schedule of Cash and Invested Deposits (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Clearing Organizations [Line Items]
Original margin	$ 72,189	$ 73,221
Unsettled variation margin, net	788	984
Guaranty fund	6,585	5,989
Delivery contracts receivable/payable, net	331	600
Total	79,893	80,794
ICE Clear Europe
Clearing Organizations [Line Items]
Original margin	42,632	40,170
Unsettled variation margin, net	0	0
Guaranty fund	2,441	2,358
Delivery contracts receivable/payable, net	0	0
Total	45,073	42,528
ICE Clear Credit
Clearing Organizations [Line Items]
Original margin	22,020	28,353
Unsettled variation margin, net	0	0
Guaranty fund	3,513	3,017
Delivery contracts receivable/payable, net	0	0
Total	25,533	31,370
ICE Clear U.S.
Clearing Organizations [Line Items]
Original margin	7,533	4,693
Unsettled variation margin, net	0	0
Guaranty fund	626	609
Delivery contracts receivable/payable, net	0	0
Total	8,159	5,302
ICE NGX
Clearing Organizations [Line Items]
Original margin	0	0
Unsettled variation margin, net	788	984
Guaranty fund	0	0
Delivery contracts receivable/payable, net	331	600
Total	1,119	1,584
Other ICE Clearing Houses
Clearing Organizations [Line Items]
Original margin	4	5
Unsettled variation margin, net	0	0
Guaranty fund	5	5
Delivery contracts receivable/payable, net	0	0
Total	$ 9	$ 10

Clearing Operations - Schedul_3

Clearing Operations - Schedule of Cash and Cash Equivalents (Details) € in Millions, $ in Millions, £ in Billions	9 Months Ended	12 Months Ended
	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Sep. 30, 2024 GBP (£)	Dec. 31, 2023 GBP (£)	Dec. 31, 2023 EUR (€)
Clearing Organizations [Line Items]
Cash deposits	$ 78,774	$ 78,980
Invested deposits, delivery contracts receivable and unsettled variation margin	1,119	1,814
ICE NGX
Clearing Organizations [Line Items]
Cash deposits	15
Cash Deposit Based On Euro/US Dollar Exchange Rate | De Nederlandsche Bank | ICE Clear Europe
Clearing Organizations [Line Items]
Cash deposits		$ 12			€ 11
Exchange rate to USD		1.1037
Cash Deposit Based On Euro/US Dollar Exchange Rate | Bank of England | ICE Clear Europe
Clearing Organizations [Line Items]
Cash deposits		$ 11			€ 10
Cash Deposit Based On Pound Sterling/US Dollar Exchange Rate | Bank of England | ICE Clear Europe
Clearing Organizations [Line Items]
Cash deposits	$ 6,100	$ 5,800	£ 4.5	£ 4.6
Exchange rate to USD	1.3375	1.2732
National bank account | ICE Clear Europe
Clearing Organizations [Line Items]
Cash deposits	$ 6,079	$ 5,819
National bank account | ICE Clear Credit
Clearing Organizations [Line Items]
Cash deposits	18,083	22,754
Reverse repo | ICE Clear Europe
Clearing Organizations [Line Items]
Cash deposits	36,177	32,695
Reverse repo | ICE Clear Credit
Clearing Organizations [Line Items]
Cash deposits	4,593	5,381
Reverse repo | ICE Clear U.S.
Clearing Organizations [Line Items]
Cash deposits	7,811	4,955
Sovereign debt | ICE Clear Europe
Clearing Organizations [Line Items]
Cash deposits	2,753	3,745
Sovereign debt | ICE Clear U.S.
Clearing Organizations [Line Items]
Cash deposits	348	347
Demand deposits | ICE Clear Europe
Clearing Organizations [Line Items]
Cash deposits	64	40
Demand deposits | ICE Clear Credit
Clearing Organizations [Line Items]
Cash deposits	2,857	3,235
Demand deposits | Other ICE Clearing Houses
Clearing Organizations [Line Items]
Cash deposits	9	9
Unsettled variation margin and delivery contracts receivable | ICE NGX
Clearing Organizations [Line Items]
Invested deposits, delivery contracts receivable and unsettled variation margin	1,119	1,584
Invested deposits - sovereign debt | ICE Clear Europe
Clearing Organizations [Line Items]
Invested deposits, delivery contracts receivable and unsettled variation margin	$ 0	$ 230

Clearing Operations - Assets Pl

Clearing Operations - Assets Pledged by Clearing Members (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Original Margin
Original margin:
Government securities at face value	$ 90,792	$ 85,752
Letters of credit and other	3,849	5,006
Emissions certificates at fair value	1,109	904
ICE NGX cash deposits	737	1,219
Total	96,487	92,881
Guaranty Fund
Guaranty fund:
Government securities at face value	2,207	2,229
ICE Clear Europe | Original Margin
Original margin:
Government securities at face value	41,739	45,698
Letters of credit and other	0	0
Emissions certificates at fair value	1,109	904
ICE NGX cash deposits	0	0
Total	42,848	46,602
ICE Clear Europe | Guaranty Fund
Guaranty fund:
Government securities at face value	580	765
ICE Clear Credit | Original Margin
Original margin:
Government securities at face value	33,440	26,992
Letters of credit and other	0	0
Emissions certificates at fair value	0	0
ICE NGX cash deposits	0	0
Total	33,440	26,992
ICE Clear Credit | Guaranty Fund
Guaranty fund:
Government securities at face value	1,336	1,119
ICE Clear U.S. | Original Margin
Original margin:
Government securities at face value	15,613	13,062
Letters of credit and other	0	0
Emissions certificates at fair value	0	0
ICE NGX cash deposits	0	0
Total	15,613	13,062
ICE Clear U.S. | Guaranty Fund
Guaranty fund:
Government securities at face value	291	345
ICE NGX | Original Margin
Original margin:
Government securities at face value	0	0
Letters of credit and other	3,849	5,006
Emissions certificates at fair value	0	0
ICE NGX cash deposits	737	1,219
Total	4,586	6,225
ICE NGX | Guaranty Fund
Guaranty fund:
Government securities at face value	$ 0	$ 0

Legal Proceedings (Details)

Legal Proceedings (Details) - USD ($)	Feb. 14, 2024	Jan. 12, 2024	Sep. 30, 2024
Loss Contingencies [Line Items]
Loss contingency accrual			$ 10,000,000
Claims Under Sherman And Clayton Acts
Loss Contingencies [Line Items]
Damages awarded	$ 0
Damages sought	65,000,000
Black Knight, Inc.
Loss Contingencies [Line Items]
Damages awarded	$ 160,000,000	$ 157,000,000

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Feb. 29, 2024	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2024	Sep. 30, 2023
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Proceeds from sale of Promissory Note				$ 75	$ 0
Fair value loss on equity securities		$ 1		1
Fair value gain on equity securities		2		2
Equity securities without readily determinable fair value, amount		$ 99		99
Developed technology | Exchanges Segment
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impairment of assets			$ 3	$ 3
Black Knight, Inc.
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Proceeds from sale of Promissory Note	$ 75

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Carrying Values and Estimated Fair Values of Debt Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2024	Jun. 05, 2024	May 13, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 21,200			$ 22,613
Fair value	19,816
2025 Senior Notes (3.65%; unsecured due May 23, 2025) | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	1,248
Fair value	$ 1,242
Interest rate, stated percentage	3.65%
2027 Senior Notes (4.00%; unsecured due September 15, 2027) | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 1,249
Fair value	$ 1,243
Interest rate, stated percentage	3.75%
2027 Senior Notes (3.10%; unsecured due September 15, 2027) | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 1,491
Fair value	$ 1,503
Interest rate, stated percentage	4%
2028 Senior Notes (3.625%; unsecured due September 1, 2028) | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 498
Fair value	$ 487
Interest rate, stated percentage	3.10%
2028 Senior Notes (3.75%; unsecured due September 21, 2028) | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 933
Fair value	$ 979
Interest rate, stated percentage	3.625%	3.625%
2029 Senior Notes (4.35%; unsecured due June 15, 2029) | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 596
Fair value	$ 592
Interest rate, stated percentage	3.75%
2030 Senior Notes (2.10%; unsecured due June 15, 2030) | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 1,243
Fair value	$ 1,261
Interest rate, stated percentage	4.35%
2031 Senior Notes (5.25%; unsecured due June 15, 2031) | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 1,239
Fair value	$ 1,115
Interest rate, stated percentage	2.10%
2031 Senior Notes (5.25%; unsecured due June 15, 2031) | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 743
Fair value	$ 790
Interest rate, stated percentage	5.25%		5.25%
2032 Senior Notes (1.85%; unsecured due September 15, 2032) | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 1,487
Fair value	$ 1,244
Interest rate, stated percentage	1.85%
2033 Senior Notes (4.60%; unsecured due March 15, 2033) | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 1,490
Fair value	$ 1,517
Interest rate, stated percentage	4.60%
2040 Senior Notes (2.65%; unsecured due September 15, 2040) | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 1,233
Fair value	$ 944
Interest rate, stated percentage	2.65%
2048 Senior Notes (4.25%; unsecured due September 21, 2048) | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 1,233
Fair value	$ 1,111
Interest rate, stated percentage	4.25%
2050 Senior Notes (3.00%; unsecured due June 15, 2050) | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 1,223
Fair value	$ 895
Interest rate, stated percentage	3%
2052 Senior Notes (4.95%; unsecured due June 15, 2052) | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 1,466
Fair value	$ 1,497
Interest rate, stated percentage	4.95%
2060 Senior Notes (3.00%; unsecured due September 15, 2060) | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 1,472
Fair value	$ 1,003
Interest rate, stated percentage	3%
2062 Senior Notes (5.20%; unsecured due June 15, 2062) | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 985
Fair value	$ 1,022
Interest rate, stated percentage	5.20%
Commercial Paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 1,371
Fair value	$ 1,371

Segment Reporting - Narrative (

Segment Reporting - Narrative (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) operating_segment	Sep. 30, 2023 USD ($) operating_segment	Sep. 30, 2024 USD ($) operating_segment segment	Sep. 30, 2023 USD ($) operating_segment
Segment Reporting Information [Line Items]
Number of reportable segments | segment			3
Total revenues	$ 3,033	$ 2,429	$ 8,731	$ 7,237
Exchanges Segment
Segment Reporting Information [Line Items]
Total revenues	$ 1,938	$ 1,540	$ 5,498	$ 4,754
Revenue | Exchanges Segment | Customer Concentration Risk
Segment Reporting Information [Line Items]
Number of members | operating_segment	1	1	1	1
Total revenues	$ 112	$ 140	$ 386	$ 394
Concentration risk, percentage	9%	13%	10%	12%

Segment Reporting - Schedule of

Segment Reporting - Schedule of Segment Reporting Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Total revenues	$ 3,033	$ 2,429	$ 8,731	$ 7,237
Transaction-based expenses	684	426	1,775	1,450
Total revenues, less transaction-based expenses	2,349	2,003	6,956	5,787
Operating expenses	1,246	1,158	3,724	3,018
Operating income/(loss)	1,103	845	3,232	2,769
Exchanges Segment
Segment Reporting Information [Line Items]
Total revenues	1,938	1,540	5,498	4,754
Transaction-based expenses	684	426	1,775	1,450
Total revenues, less transaction-based expenses	1,254	1,114	3,723	3,304
Operating expenses	307	313	989	944
Operating income/(loss)	947	801	2,734	2,360
Fixed Income and Data Services Segment
Segment Reporting Information [Line Items]
Total revenues	586	559	1,719	1,668
Transaction-based expenses	0	0	0	0
Total revenues, less transaction-based expenses	586	559	1,719	1,668
Operating expenses	376	358	1,087	1,057
Operating income/(loss)	210	201	632	611
Mortgage Technology Segment
Segment Reporting Information [Line Items]
Total revenues	509	330	1,514	815
Transaction-based expenses	0	0	0	0
Total revenues, less transaction-based expenses	509	330	1,514	815
Operating expenses	563	487	1,648	1,017
Operating income/(loss)	(54)	(157)	(134)	(202)
Energy futures and options
Segment Reporting Information [Line Items]
Total revenues	473	384	1,399	1,084
Energy futures and options | Exchanges Segment
Segment Reporting Information [Line Items]
Total revenues	473	384	1,399	1,084
Energy futures and options | Fixed Income and Data Services Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Energy futures and options | Mortgage Technology Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Agricultural and metals futures and options
Segment Reporting Information [Line Items]
Total revenues	60	61	203	208
Agricultural and metals futures and options | Exchanges Segment
Segment Reporting Information [Line Items]
Total revenues	60	61	203	208
Agricultural and metals futures and options | Fixed Income and Data Services Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Agricultural and metals futures and options | Mortgage Technology Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Financial futures and options
Segment Reporting Information [Line Items]
Total revenues	141	112	408	344
Financial futures and options | Exchanges Segment
Segment Reporting Information [Line Items]
Total revenues	141	112	408	344
Financial futures and options | Fixed Income and Data Services Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Financial futures and options | Mortgage Technology Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Cash equities and equity options
Segment Reporting Information [Line Items]
Total revenues	791	519	2,092	1,734
Cash equities and equity options | Exchanges Segment
Segment Reporting Information [Line Items]
Total revenues	791	519	2,092	1,734
Cash equities and equity options | Fixed Income and Data Services Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Cash equities and equity options | Mortgage Technology Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
OTC and other
Segment Reporting Information [Line Items]
Total revenues	109	104	313	309
OTC and other | Exchanges Segment
Segment Reporting Information [Line Items]
Total revenues	109	104	313	309
OTC and other | Fixed Income and Data Services Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
OTC and other | Mortgage Technology Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Data and connectivity services
Segment Reporting Information [Line Items]
Total revenues	242	236	717	699
Data and connectivity services | Exchanges Segment
Segment Reporting Information [Line Items]
Total revenues	242	236	717	699
Data and connectivity services | Fixed Income and Data Services Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Data and connectivity services | Mortgage Technology Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Listings
Segment Reporting Information [Line Items]
Total revenues	122	124	366	376
Listings | Exchanges Segment
Segment Reporting Information [Line Items]
Total revenues	122	124	366	376
Listings | Fixed Income and Data Services Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Listings | Mortgage Technology Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Fixed income execution
Segment Reporting Information [Line Items]
Total revenues	28	29	84	89
Fixed income execution | Exchanges Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Fixed income execution | Fixed Income and Data Services Segment
Segment Reporting Information [Line Items]
Total revenues	28	29	84	89
Fixed income execution | Mortgage Technology Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
CDS clearing
Segment Reporting Information [Line Items]
Total revenues	97	94	268	279
CDS clearing | Exchanges Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
CDS clearing | Fixed Income and Data Services Segment
Segment Reporting Information [Line Items]
Total revenues	97	94	268	279
CDS clearing | Mortgage Technology Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Fixed income data and analytics
Segment Reporting Information [Line Items]
Total revenues	295	279	876	832
Fixed income data and analytics | Exchanges Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Fixed income data and analytics | Fixed Income and Data Services Segment
Segment Reporting Information [Line Items]
Total revenues	295	279	876	832
Fixed income data and analytics | Mortgage Technology Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Other data and network services
Segment Reporting Information [Line Items]
Total revenues	166	157	491	468
Other data and network services | Exchanges Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Other data and network services | Fixed Income and Data Services Segment
Segment Reporting Information [Line Items]
Total revenues	166	157	491	468
Other data and network services | Mortgage Technology Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Origination technology
Segment Reporting Information [Line Items]
Total revenues	182	172	536	524
Origination technology | Exchanges Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Origination technology | Fixed Income and Data Services Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Origination technology | Mortgage Technology Segment
Segment Reporting Information [Line Items]
Total revenues	182	172	536	524
Closing solutions
Segment Reporting Information [Line Items]
Total revenues	54	48	150	136
Closing solutions | Exchanges Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Closing solutions | Fixed Income and Data Services Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Closing solutions | Mortgage Technology Segment
Segment Reporting Information [Line Items]
Total revenues	54	48	150	136
Servicing software
Segment Reporting Information [Line Items]
Total revenues	209	69	635	69
Servicing software | Exchanges Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Servicing software | Fixed Income and Data Services Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Servicing software | Mortgage Technology Segment
Segment Reporting Information [Line Items]
Total revenues	209	69	635	69
Data and analytics
Segment Reporting Information [Line Items]
Total revenues	64	41	193	86
Data and analytics | Exchanges Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Data and analytics | Fixed Income and Data Services Segment
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Data and analytics | Mortgage Technology Segment
Segment Reporting Information [Line Items]
Total revenues	$ 64	$ 41	$ 193	$ 86

Earnings Per Common Share - Sch

Earnings Per Common Share - Schedule of Reconciliation of the Numerators and Denominators of the Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Basic:
Net income attributable to Intercontinental Exchange, Inc.	$ 657	$ 541	$ 2,056	$ 1,995
Weighted average common shares outstanding (in shares)	574	563	573	561
Basic earnings per common share (in dollars per share)	$ 1.15	$ 0.96	$ 3.59	$ 3.56
Diluted:
Weighted average common shares outstanding (in shares)	574	563	573	561
Effect of dilutive securities - stock options and restricted stock (in shares)	3	2	3	1
Diluted weighted average common shares outstanding (in shares)	577	565	576	562
Diluted earnings per common share (in dollars per share)	$ 1.14	$ 0.96	$ 3.57	$ 3.55

Earnings Per Common Share - Nar

Earnings Per Common Share - Narrative (Details) - shares shares in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	0.2	0.8