ICE · 10-Q · 2026Q2 · Full report

Exchanges Revenue and Mix

Intercontinental Exchange, Inc. · 2026-07-30 · Importance 54 · Surprise 40 · In source text

Exchanges segment revenues less transaction-based expenses increased to $3.245 billion for the six months ended June 30, 2026 from $2.782 billion, and to $1.464 billion for the three months from $1.415 billion. Six-month transaction and clearing revenue, net, increased to $4.058 billion from $3.511 billion, while data and connectivity revenue increased 13% and listings revenue increased 5%. Agricultural and metals revenue increased 31% for six months and 35% for three months, while financial futures and options revenue increased 43% and 21%. Twenty-eight percent of six-month and 24% of three-month Exchanges revenue less transaction-based expenses was billed in pounds sterling or euros, producing favorable foreign-exchange effects of $52 million and $5 million.

Key facts

• Intercontinental Exchange, Inc. reported an increase in net income of $730 million which was primarily driven by higher Exchanges segment revenues and an increase in non-cash fair value gains of $450 million during the six months ended June 30, 2026. source
• Cash equities revenues, net of transaction-based expenses, were $187 million and $164 million for the six months ended June 30, 2026 and 2025, respectively, and $102 million and $83 million for the three months ended June 30, 2026 and 2025, respectively. source
• Equity options revenues, net of transaction-based expenses, were $76 million and $78 million for the six months ended June 30, 2026 and 2025, respectively, and $38 million and $40 million for the three months ended June 30, 2026 and 2025, respectively. source
• Listings revenues increased 5% for each of the six and three months ended June 30, 2026 from the comparable periods in 2025, primarily due to new listings. source
• Due to fluctuations of the pound sterling and euro compared to the U.S. dollar, Exchanges segment revenues, less transaction-based expenses, were higher by $52 million and $5 million for the six and three months ended June 30, 2026, respectively, from the comparable periods in 2025. source
• Intercontinental Exchange, Inc.'s fixed income execution rebates were $4 million and $2 million for the six and three months ended June 30, 2026, respectively. source
• OTC and other revenues increased 7% for the six months ended June 30, 2026 and 15% for the three months ended June 30, 2026, versus comparable periods in 2025. source
• Rate per contract for energy futures and options was $1.88 for the six months ended June 30, 2026 and $1.71 for the six months ended June 30, 2025. source

Impact estimates