ICE · 8-K · 20260730PR324909
Capital Return Program
Intercontinental Exchange, Inc. · 2026-07-30 · Importance 74 · Surprise 58 · No source text
ICE reaffirmed its plans for ongoing share repurchases while financing the MarketAxess acquisition entirely with cash funded by newly issued debt. ICE increased baseline share repurchases to $400 million per quarter from $350 million per quarter, an increase of approximately 14%. The company expects beginning gross leverage of 3.4x after the transaction and targets gross leverage of 3.0x or below within 18 to 24 months after closing. ICE attributed its continued capital-return plan to its balance sheet strength and free cash flow generation.
Key facts
- ICE increases baseline share repurchases to $400 million per quarter from $350 million per quarter source
- ICE reaffirmed plans for ongoing share repurchases source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | — | ICE increases baseline share repurchases to $400 million per quarter from $350 million per quarter |