ICE beats Q3 2026 estimates as exchange trading revenue jumps 28%
As seen on the 24/7 Wall St. homepage on October 29, 2026.
Volatility is paying: exchange net transaction revenue rose 28%, enough to top both EPS and revenue estimates. Management also pulled the expected MarketAxess close forward into the first quarter of 2027.
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Intercontinental Exchange posted adjusted diluted EPS of $2.02 in the third quarter of 2026, beating expectations for a sixth straight quarter.
Exchange net transaction revenues surged 28%, with volatility-driven demand lifting energy, financial, agricultural and metals contracts alike.
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CEO Jeff Sprecher called it the company's best third quarter ever, and the consolidated adjusted operating margin widened to 61%, showing the revenue surge reached the bottom line.
The company pulled the expected close of the pending MarketAxess acquisition into the first quarter of 2027 after the HSR Act early termination was granted, and reaffirmed its full-year 2026 recurring revenue growth targets.
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Mentioned: ICE