ICE · 10-Q · 2026Q3 · Full report

Fixed Income Revenue Growth

Intercontinental Exchange, Inc. · 2026-10-29 · Importance 31 · Surprise 32

Fixed Income and Data Services revenue increased 9% in both the nine and three months ended September 30, 2026, compared with the prior-year periods, driven by fixed income data and analytics, data and network technology, and CDS clearing. CDS clearing revenue rose 11% for the nine-month period and 12% for the quarter, alongside cleared CDS notional value growth to $24.9 trillion from $19.7 trillion and to $8.8 trillion from $7.0 trillion, respectively. Data and network technology revenue increased 11% for the nine months and 10% for the quarter, while fixed income data and analytics revenue grew 8% in both periods. Annual Subscription Value for data services was $2.107 billion at September 30, 2026, up 7.7% year over year.

Key facts

• Fixed income execution revenues were flat for the nine months ended September 30, 2026, and increased 5% for the three months ended September 30, 2026, from the comparable periods in 2025. source
• Fixed income data and analytics revenues increased 8% for both the nine and three months ended September 30, 2026 compared with the comparable periods in 2025. source
• ICE Bonds execution fees were reported net of rebates of $7 million in each of the nine months ended September 30, 2026 and 2025, and $3 million in each of the three-month periods. source