ICE · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

Intercontinental Exchange, Inc. · 2026-10-29 · Importance 54 · Surprise 40 · From source text

For the nine months ended September 30, 2026, consolidated revenues less transaction-based expenses rose $981 million, from $7.427 billion to $8.408 billion, a 13% increase; the third-quarter figure rose $354 million, from $2.411 billion to $2.765 billion, a 15% increase. Nine-month recurring revenues increased from $3.767 billion to $4.038 billion, while transaction revenues, net, increased from $3.660 billion to $4.370 billion. Exchanges revenues less transaction-based expenses increased from $4.047 billion to $4.787 billion in the first nine months, with transaction and clearing revenues, net, increasing from $4.983 billion to $6.043 billion. Currency movements increased consolidated nine-month revenues by $54 million, while reducing third-quarter revenues by $4 million, compared with 2025.

Key facts

• ICE recorded exchange rebates of $1.7 billion and $1.2 billion for the nine months ended September 30, 2026 and 2025, and $533 million and $372 million for the respective three-month periods. source
• For the nine months ended September 30, 2026, net income attributable to ICE was $3,311 million, compared with $2,464 million in 2025. source
• For the nine months ended September 30, 2026, adjusted net income attributable to ICE was $3,548 million, compared with $3,018 million in 2025. source
• Foreign exchange movements increased Fixed Income and Data Services revenues by $6 million for the nine months ended September 30, 2026, and had no effect for the three months, compared with 2025. source
• ICE’s consolidated revenues were higher by $54 million for the nine months ended September 30, 2026, and lower by $4 million for the three months ended September 30, 2026, due to U.S. dollar fluctuations against the pound sterling and euro. source
• Due to pound sterling and euro fluctuations, ICE’s Exchanges segment revenues less transaction-based expenses were higher by $48 million for the nine months and lower by $4 million for the three months ended September 30, 2026, compared with 2025. source
• ICE’s OTC and other revenues increased 9% and 13% for the nine and three months ended September 30, 2026, respectively, primarily due to higher net interest income and collateral fees, partly offset by lower exchange regulatory fees. source
• Listings revenues increased 5% and 4% for the nine and three months ended September 30, 2026, respectively, primarily due to new listings. source

Impact estimates