ICE · 10-Q · 2026Q3 · Full report

Income Tax Expense

Intercontinental Exchange, Inc. · 2026-10-29 · Importance 57 · Surprise 38 · From source text

Consolidated income tax expense increased to $1.1 billion for the nine months ended September 30, 2026, from $772 million in 2025, primarily because of higher pretax income. Quarterly tax expense rose to $286 million from $250 million for the three months ended September 30. The effective tax rate remained 24% for both nine-month periods and 23% for both quarterly periods. Pillar Two rules had no material impact on the financial statements as of September 30, 2026 or December 31, 2025.

Key facts

• Consolidated income tax expense was $1.1 billion and $772 million for the nine months ended September 30, 2026 and 2025, respectively, and $286 million and $250 million for the three-month periods. source
• For the nine months ended September 30, 2026, deferred tax adjustments on acquisition-related intangibles included an $18 million expense; the comparable 2025 period included a $45 million expense. source
• For the three months ended September 30, 2026, deferred tax adjustments on acquisition-related intangibles included a $9 million benefit; the comparable 2025 period included a $39 million expense. source
• The OECD’s January 2026 Pillar Two administrative guidance did not materially affect ICE’s financial statements as of September 30, 2026 or December 31, 2025. source
• ICE's effective tax rate was 24% for both nine-month periods ended September 30, 2026 and 2025, and 23% for both three-month periods. source
• Pillar Two rules generally provide for a minimum effective tax rate of 15% and are intended to apply to tax years beginning in 2024; ICE said they had no material impact on its financial statements as of September 30, 2026 or December 31, 2025. source

Impact estimates