ICE · 10-Q · 2026Q3

Intercontinental Exchange, Inc.

Filed 2026-10-29 · Financials · View original filing on EDGAR

Ranked Events

• Capital ExpendituresImportance 90 · Surprise 84
  ICE expects approximately $1.1 billion of 2026 capital expenditures, including operational and real-estate spending, plus software development costs eligible for capitalization. Capital expenditures and capitalized…
• Share Repurchase ProgramImportance 83 · Surprise 82
  The Board authorized $3.0 billion of repurchases effective January 1, 2026, then increased the authorization to $4.0 billion effective July 1, 2026. ICE repurchased 10.5 million shares for $1.6 billion during the nine…
• Investment Fair Value GainsImportance 78 · Surprise 82
  ICE recorded $390 million of fair-value gains on equity investments without readily determinable fair values during the nine months ended September 30, 2026, compared with $35 million in 2025. The 2026 gain primarily…
• Acquisition Integration CostsImportance 71 · Surprise 82
  ICE incurred $102 million of acquisition-related transaction and integration costs in the nine months ended September 30, 2026, compared with $51 million in 2025; quarterly costs were $49 million versus $9 million. The…
• Free Cash Flow TrendsImportance 64 · Surprise 56
  For the nine months ended September 30, 2026, operating cash flow increased 32.5% to $4.486 billion from $3.387 billion. Free cash flow rose 33.5% to $3.822 billion from $2.862 billion, while adjusted free cash flow…
• Liquidity and Cash PositionImportance 59 · Surprise 82
  Consolidated cash and cash equivalents were $936 million at September 30, 2026, compared with $837 million at December 31, 2025; restricted cash and cash equivalents increased to $4.5 billion from $988 million,…
• Operating Income and MarginsImportance 59 · Surprise 48
  Consolidated operating income increased from $3.692 billion to $4.466 billion for the nine months ended September 30, 2026, and from $1.174 billion to $1.410 billion for the third quarter, increases of approximately…
• Dividend IncreaseImportance 57 · Surprise 50
  ICE declared and paid dividends of $1.56 per share for the nine months ended September 30, 2026, up from $1.44 in 2025, with aggregate payouts of $884 million and $831 million, respectively. Quarterly dividends were…
• Income Tax ExpenseImportance 57 · Surprise 38
  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…
• Revenue Performance and MixImportance 54 · Surprise 40
  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,…
• Interest Rate Derivatives GrowthImportance 52 · Surprise 56
  Exchanges financial futures and options revenues increased 41% for the nine months and 37% for the three months ended September 30, 2026, compared with 2025; volume grew 44% and 45%, respectively. Interest rate futures…
• Outstanding IndebtednessImportance 49 · Surprise 6
  ICE had $23.3 billion of outstanding debt at September 30, 2026, comprising $22.3 billion of senior notes and $1.0 billion of commercial paper. Senior notes had a 12-year weighted-average maturity and 3.9%…
• CDS Clearing DemandImportance 41 · Surprise 48
  CDS clearing revenues increased 11% for the nine months and 12% for the three months ended September 30, 2026, compared with the prior-year periods. The notional value of CDS cleared rose to $24.9 trillion from $19.7…
• Equity Trading DemandImportance 41 · Surprise 56
  Cash equities volume increased 15% for the first nine months of 2026, driven by higher industry volumes amid geopolitical risks and increased retail participation, but declined 2% in the third quarter. Equity options…
• Equity Market Structure RulesImportance 40 · Surprise 42
  In June 2026, the SEC proposed changes to Regulation NMS Rule 611 and Rule 610(e), which ICE says could significantly change U.S. equity market structure and affect trading venues, including by potentially reducing…
• Agricultural and Metals DemandImportance 40 · Surprise 56
  Agricultural and metals futures and options volume increased 40% for the first nine months and 57% for the third quarter of 2026 year over year. Sugar volume rose 40% and 75%, respectively, as unfavorable weather in…
• Acquisition / Partnership / DivestitureImportance 40 · Surprise 42
  ICE describes costs and financing related to its pending acquisition of MarketAxess. In August 2026, it executed senior notes and a term loan for the acquisition; during the nine months ended September 30, 2026, it…
• Regulatory RiskImportance 37 · Surprise 42
  ICE identifies the U.S., U.K., EU, Canada, Singapore and Abu Dhabi as principal regulatory jurisdictions, and says evolving laws and regulatory actions may affect how ICE and its customers operate, trading volumes and…
• Data Services Customer GrowthImportance 37 · Surprise 40
  Exchanges data and connectivity services revenues increased 12% for the first nine months and 10% for the third quarter of 2026 year over year. Growth was attributed to strong customer retention, new customer additions…
• Mortgage Closing Solutions GrowthImportance 36 · Surprise 40
  Closing solutions revenues increased 12% for the nine months and 4% for the three months ended September 30, 2026, compared with the prior-year periods. Growth was driven by higher industry volume affecting MERSCORP…

Revenue by Product (in millions)