ICE · 10-Q · 2026Q2 · Full report

Income Tax Rate Changes

Intercontinental Exchange, Inc. · 2026-07-30 · Importance 45 · Surprise 64 · From source text

Non-GAAP tax adjustments included a $27 million deferred tax expense related to acquisition-related intangibles for the six months ended June 30, 2026, compared with $6 million in the prior-year period. The year-over-year increase was primarily related to U.S. state apportionment changes. For the three months ended June 30, 2026 and 2025, the comparable deferred tax expense was $3 million in each period.

Key facts

• 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. source
• Intercontinental Exchange, Inc.'s consolidated income tax expense was $312 million and $267 million for the three months ended June 30, 2026 and 2025, respectively. source
• Deferred tax adjustments on acquisition-related intangibles included a $27 million expense for the six months ended June 30, 2026 and a $6 million expense for the six months ended June 30, 2025. source
• Deferred tax adjustments on acquisition-related intangibles included a $3 million expense for each of the three months ended June 30, 2026 and June 30, 2025. source
• Non-GAAP tax adjustments include the tax impacts of the pre-tax non-GAAP adjustments and deferred tax adjustments on acquisition-related intangibles. source
• Intercontinental Exchange, Inc.'s effective tax rate was 24% during each of the six and three months ended June 30, 2026 and 2025. source

Impact estimates