ICE · Full Picture

Intercontinental Exchange, Inc. — the full picture

Earnings window · 2026-07-09 to 2026-09-24 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Exchanges Revenue and Mix · Revenue growth & mixPriority 79
    +20.2% net_income (realized); 3 sources (news, press_release, sec_filing); structured_verified
    Intercontinental Exchange, Inc. reported record Q3 2024 net revenues of $2.35 billion, a 17% year-over-year increase, with adjusted EPS at $1.55.
  2. Liquidity and Cash Position · Liquidity & cash positionPriority 71
    +55.9% cash (realized); 2 sources (press_release, sec_filing); structured_verified
    Net cash provided by operating activities was $3,324 million for the six months ended June 30, 2026 and $2,472 million for the six months ended June 30, 2025.
  3. Acquisition / Partnership / Divestiture · M&A and divestituresPriority 70
    +1.9% operating_income; 3 sources (news, press_release, sec_filing); 10 forward row(s); structured_verified
    ICE submitted a US$6 billion acquisition bid for MarketAxess at a 33% premium.
  4. Cash Flow and Capital Allocation · UnclassifiedPriority 70
    -10.8% net_income; 2 sources (news, press_release); 3 forward row(s); quote_verified
    3Q26 Weighted Average Shares Outstanding guidance: 560 - 566 million
  5. Operating Expense Trends · Operating expenses (SG&A)Priority 68
    +8.9% net_income (realized); 2 sources (press_release, sec_filing); 4 forward row(s); structured_verified
    2026 Operating Expenses GAAP guidance: $5.140 - $5.180 billion
  6. Transaction-Based Expenses · UnclassifiedPriority 64
    -16.1% revenue (realized); structured_verified
    Section 31 fees, net were $286 million (a subtraction) for the six months ended June 30, 2026 and $93 million (a subtraction) for the six months ended June 30, 2025.
  7. Fixed Income Data Growth · UnclassifiedPriority 62
    3 sources (news, press_release, sec_filing); 3 forward row(s); quote_verified
    2026 Fixed Income & Data Services Recurring Revenue guidance: 7% - 8% (% growth)
  8. Investment Fair Value Gains · UnclassifiedPriority 61
    +11.3% net_income (realized); structured_verified
    Intercontinental Exchange, Inc. recorded $390 million of fair value gains during the six months ended June 30, 2026 primarily related to its investment in Polymarket preferred stock.
  9. Guidance / Outlook · Guidance & outlookPriority 60
    2 sources (news, press_release); 4 forward row(s); quote_verified
    2026 Exchange Recurring Revenue guidance: High-single digits (% growth)
  10. Income Tax Rate Changes · TaxPriority 60
    -8.9% net_income (realized); 2 sources (press_release, sec_filing); structured_verified
    Intercontinental Exchange, Inc.'s consolidated income tax expense was $777 million and $522 million for the six months ended June 30, 2026 and 2025, respectively.
  11. Interest Rate Derivatives Growth · Interest ratesPriority 55
    3 sources (news, press_release, sec_filing); quote_verified
    Record open interest represented a 45% year-over-year increase.
  12. Mortgage Technology Market Demand · Demand, orders & backlogPriority 54
    3 sources (news, press_release, sec_filing); quote_verified
    Intercontinental Exchange is projected to report its Q2 earnings on July 30, 2026, with analysts expecting a diluted EPS of $1.95, an increase of 7.7% year-over-year.

Threads by pillar

Revenue & Demand Priority 85 · 8 threads

Costs & Margins Priority 79 · 6 threads

Capital & Balance Sheet Priority 89 · 8 threads

Strategy & Portfolio Priority 73 · 4 threads

Legal, Regulatory & Policy Priority 45 · 2 threads

Guidance & Outlook Priority 60 · 1 thread

Macro & Market Conditions Priority 63 · 3 threads

Unclassified Priority 93 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
net_income-10.8%+10.8%+31.4%
cash-3.2%+3.2%+60.8%
assets+2.1%+2.1%+21.7%
operating_income+1.9%+1.9%+7.4%
liability-1.8%+1.8%-41.9%
revenue——-11.3%