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.
Google handed over a trove of personal data about a student and journalist to U.S. Immigration and Customs Enforcement in response to a subpoena that had not been approved by a judge, according to a report by The Intercept.
Hundreds of Google workers signed an open letter urging the company to cut its ties with ICE and CBP after rising violence. The letter also calls on the company to institute protections for its workers.
Intercontinental Exchange, Inc. (ICE) Q4 2025 Earnings Call Transcript
ICE tops Q4 estimates as adjusted EPS rises 12.5% year over year, with record revenues and operating income driving a 1.9% pre-market stock gain.
Although the revenue and EPS for ICE (ICE) give a sense of how its business performed in the quarter ended December 2025, 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 $1.71 per share, beating the Zacks Consensus Estimate of $1.67 per share. This compares to earnings of $1.52 per share a year ago.
Palantir CEO Alex Karp told CNBC that anti-ICE protesters "should be out there protesting for more Palantir." The company has long faced criticism over its contracts with Immigration and Customs Enforcement, while Karp has dealt with backlash over his vocal opinions, including his staunch support of Israel.