Companies /Financial Services

Intercontinental Exchange Inc

NYSE: ICE Financial Data & Stock Exchanges
$160.99
▼ $0.93 (−0.57%) today
Markets open · 2:47pm ET

Q2 2026 Earnings

Reported Jul 30, 2026, 7:30am ET · SEC source
$1.90
Beat +3.36%
EPS · est. $1.84
$2.7B
Beat +1.69%
Revenue · est. $2.6B
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+2%Jul 30Jul 31report 7:30am ETearnings+1.6%−1.1%
0+2%Jul 30Jul 31earnings+1.6%−1.1%
ICE −1.1%S&P 500 +1.6%
−2%0+2%Jul 30Jul 31report 7:30am ETearnings+2.9%−1.1%
−2%0+2%Jul 30Jul 31earnings+2.9%−1.1%
ICE −1.1%NASDAQ +2.9%
−3%0+3%+6%Jul 29Aug 6report 7:30am ETearnings+4.6%−3.1%
−3%0+3%+6%Jul 29Aug 6earnings+4.6%−3.1%
ICE −3.1%S&P 500 +4.6%
−4%0+4%+8%Jul 29Aug 6report 7:30am ETearnings+6.5%−3.1%
−4%0+4%+8%Jul 29Aug 6earnings+6.5%−3.1%
ICE −3.1%NASDAQ +6.5%
+1.29%
Day of report
−2.43%
Next session
−4.17%
One week

Did ICE Beat Earnings? Q2 2026 Results

Intercontinental Exchange delivered a clean beat to open its second-quarter 2026 results, posting adjusted diluted EPS of $1.90 against a Wall Street consensus of $1.84, a 3.36% beat that extended the company's streak of topping EPS estimates to five consecutive quarters. Revenue came in at $2.67 billion, edging past the $2.62 billion consensus by 1.69%, though the top line reflected an 18.3% decline year-over-year as the prior-year period carried a heavier revenue base. The standout driver behind the quarter's strength was record open interest across ICE's exchange complex, as institutional customers leaned into its regulated markets amid volatile global conditions; the Exchanges segment alone contributed $1.46 billion in net revenues, with Agricultural and Metals products surging 35% and Financials climbing 21%. Mortgage Technology, a segment that analysts had flagged as a pressure point heading into the print, held its own with 5% revenue growth to $557 million. Looking ahead, ICE guided full-year capital expenditures to approximately $850 million, with Fixed Income and Data Services recurring revenue growth expected in the 7% to 8% range.

Key Takeaways
  • Record open interest across exchange complex
  • 8% growth in recurring revenues to $1,353 million, driven by data, connectivity and subscription services
  • Strong growth in Ags and Metals (+35%) and Financials (+21%) within Exchanges
  • Fixed Income Data and Analytics growing 9% and Data and Network Technology growing 11%
  • Closing Solutions within Mortgage Technology growing 14%
  • All three operating segments contributed to consolidated revenue growth

“We are pleased to report our second quarter results, which reflect continued revenue and earnings per share growth and record open interest across our exchange complex. Against a backdrop of rapid change in global markets, our customers continued to turn to ICE's regulated markets, trusted data and mission-critical technology to transfer risk. As markets become more global, digital and continuous, the opportunities for our all-weather model continue to expand. As we look to the second half of the year and beyond, we remain focused on innovation, durable growth and long-term value creation for our stockholders.”

Intercontinental Exchange CEO, on the earnings call

Forward Guidance & Outlook

For full-year 2026, ICE guides GAAP operating expenses of $5.140–$5.180 billion and non-GAAP operating expenses of $4.190–$4.230 billion. For 3Q26, GAAP operating expenses are expected at $1.298–$1.308 billion and non-GAAP operating expenses at $1.063–$1.073 billion. 3Q26 non-operating expense is guided at $160–$165 million GAAP and $175–$180 million non-GAAP. 2026 capital expenditures are expected at approximately $850 million. 3Q26 weighted average shares outstanding are expected at 560–566 million. Exchange recurring revenue growth is expected in the high-single digits for 2026, and Fixed Income & Data Services recurring revenue growth is guided at 7%–8%.

ICE YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$900.0M$1.8B$2.7B$3.3B$2.7BRevenue$1.3B$1.4BOperating Income$851.0M$958.0MNet Income
$0$900.0M$1.8B$2.7BRevenueOperating IncomeNet Income

ICE Revenue by Segment

Exchanges$1.5B+3.0%
Energy$518.0M−13.0%
Fixed Income and Data Services$645.0M+8.0%
Mortgage Technology$557.0M+5.0%
Fixed Income Data and Analytics$333.0M+9.0%
Data and Connectivity Services$287.0M+12.0%
Financials$192.0M+21.0%
Servicing Software$226.0M+2.0%

Figures from SEC filings and company reports. Not investment advice.