ICE · 8-K · 20260730PR088462
Cash Flow and Capital Allocation
Intercontinental Exchange, Inc. · 2026-07-30 · Importance 76 · Surprise 56 · No source text
Operating cash flow through June 30, 2026 was $3.3 billion, up from $2.472 billion in the comparable 2025 period. Free cash flow was $2.886 billion after $208 million of capital expenditures and $230 million of capitalized software development costs. Adjusted free cash flow was $2.600 billion after deducting $286 million of Section 31 fees, compared with $2.023 billion in 2025. ICE guided to approximately $850 million of 2026 capital expenditures.
Key facts
- 3Q26 Weighted Average Shares Outstanding guidance: 560 - 566 million source
- 3Q26 Non-Operating Expense guidance: $160 - $165 million (GAAP) source
- 3Q26 Non-Operating Expense adjusted guidance: $175 - $180 million source
- Six months ended June 30, 2026 adjusted free cash flow was $2,600 million calculated as net cash provided by operating activities $3,324 million less capital expenditures $208 million less capitalized software development costs $230 million less Section 31 fees, net $286 million source
- Operating cash flow through the second quarter of 2026 was $3.3 billion source
- Adjusted free cash flow through the second quarter of 2026 was $2.6 billion source
- 2Q26 GAAP diluted earnings per share (EPS) of $1.69, +14% y/y source
- 2Q26 adj. diluted EPS of $1.90, +5% y/y source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | committed | -5.7% | 3Q26 Non-Operating Expense adjusted guidance: $175 - $180 million |
| net_income | negative | committed | -5.2% | 3Q26 Non-Operating Expense guidance: $160 - $165 million (GAAP) |
| cash | positive | realized | — | Six months ended June 30, 2026 adjusted free cash flow was $2,600 million calculated as net cash provided by operating activities $3,324… |
| net_income | positive | realized | — | Adjusted net income attributable to ICE was $1.1 billion in the second quarter |
| net_income | positive | realized | — | Three months ended June 30, 2026 adjusted net income attributable to ICE was $1,074 million |