Intercontinental Exchange, Inc. (ICE) Q1 2026 Earnings Call Transcript
Although the revenue and EPS for ICE (ICE) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
IntercontinentalExchange (ICE) came out with quarterly earnings of $2.35 per share, beating the Zacks Consensus Estimate of $2.27 per share. This compares to earnings of $1.72 per share a year ago.
Beyond analysts' top-and-bottom-line estimates for ICE (ICE), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2026.
ICE (ICE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ICE (ICE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Intercontinental Exchange, Inc. is rated a Buy, with strong trading volume growth driven by geopolitical volatility and energy market focus. ICE posted record Q1 average daily volumes across energy, agriculture, metals, financials, and equities, directly boosting revenues and profits. Despite an F rating for valuation, ICE's non-GAAP P/E of just under 24 is lower than CME's, supporting potential market cap catch-up.
Intercontinental Exchange operates as a capital-light, natural single seller with dominant positions in exchanges, mortgage infrastructure, and fixed income data. ICE reported record FY25 performance: net revenue up 7%, operating income up 14.4%, and diluted EPS up 20.7%, driven by surging derivatives activity. Management guides for mid-single-digit recurring revenue growth in exchanges, high-single-digit in fixed income/data, and low-to-mid-single-digit in mortgage for 2026.
Intercontinental Exchange rides on the growth of data services, the strength of its mortgage network and strategic buyouts, although higher expenses may weigh on margins.
At the center of global capital markets sits a quiet powerhouse that processes trillions in daily transactions across stocks, oil, interest-rate swaps, and more — quietly enabling price discovery, ensuring trades settle reliably, and delivering the essential data and indices that institutions depend on for risk management.
NTRS is expanding into U.S. ETF servicing. It is partnering ICE to use its ETF Hub platform to streamline operations and tap rising institutional ETF demand.
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