The earnings call highlighted strong performance across multiple segments, with record revenues and earnings growth, and successful leverage reduction. However, challenges in the Mortgage Technology segment and rising operating expenses were noted. Despite these lowlights, the overall sentiment is positive due to significant achievements and strong financial performance.

Company Guidance

In the recent earnings call for ICE's second quarter of 2025, several key metrics and guidance points were highlighted. The company reported record adjusted earnings per share of $1.81, marking a 19% increase year-over-year. Net revenue also reached a record $2.5 billion, up 9% from the previous year, with contributions from all three operating segments. Adjusted operating expenses totaled $983 million, aligning with the low end of their guidance range, partly due to technology-related savings. Consequently, adjusted operating income increased by 13% to a record $1.6 billion. Throughout the quarter, ICE returned $532 million of capital to shareholders, including $255 million in share repurchases, and achieved a leverage target of 3x EBITDA. Looking forward, the company expects full-year growth in Exchange recurring revenues of approximately 4% to 5% and outlined third-quarter adjusted operating expenses between $995 million and $1.005 billion, driven by increased customer acquisition costs and technology spending.

Record-Breaking Revenue and Earnings Growth

Second quarter adjusted earnings per share were a record $1.81, up 19% year-over-year, with net revenue reaching a record $2.5 billion, a 9% increase. All three operating segments contributed to the growth.

Exchange Segment Performance

Second quarter net revenues hit a record $1.4 billion, up 12% year-over-year. Record transaction revenues exceeded $1 billion, driven by a 20% increase in interest rate business and 25% growth in energy revenues.

Fixed Income and Data Services Growth

Second quarter revenues totaled a record $597 million, with ICE Bonds revenue increasing by 8% and CDS business clearing revenue growing by 25% year-over-year.

Mortgage Technology Expansion

Second quarter revenues totaled $531 million, up 5% year-over-year, driven by growth in Data and Analytics and Servicing business. 43 new Encompass clients signed in the first half, 23 in the second quarter alone.

Leverage Reduced Ahead of Schedule

Leverage ended the second quarter at the target of 3x EBITDA, ahead of the initial target following the acquisition of Black Knight.

Intercontinental Exchange (ICE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ICE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	1.70 / -	1.55	―	―	―
Jul 31, 2025	2025 (Q2)	1.77 / 1.81	1.52	19.08% (+0.29)
May 01, 2025	2025 (Q1)	1.70 / 1.72	1.48	16.22% (+0.24)
Feb 06, 2025	2024 (Q4)	1.50 / 1.52	1.33	14.29% (+0.19)
Oct 31, 2024	2024 (Q3)	1.55 / 1.55	1.46	6.16% (+0.09)
Aug 01, 2024	2024 (Q2)	1.49 / 1.52	1.43	6.29% (+0.09)
May 02, 2024	2024 (Q1)	1.48 / 1.48	1.41	4.96% (+0.07)
Feb 08, 2024	2023 (Q4)	1.29 / 1.33	1.25	6.40% (+0.08)
Nov 02, 2023	2023 (Q3)	1.39 / 1.46	1.31	11.45% (+0.15)
Aug 03, 2023	2023 (Q2)	1.37 / 1.43	1.32	8.33% (+0.11)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ICE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$185.74	$184.83	-0.49%
May 01, 2025	$167.52	$170.38	+1.71%
Feb 06, 2025	$159.82	$166.76	+4.34%
Oct 31, 2024	$165.14	$154.57	-6.40%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Intercontinental Exchange Inc. (ICE) report earnings?

Intercontinental Exchange Inc. (ICE) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).

What is Intercontinental Exchange Inc. (ICE) earnings time?

Intercontinental Exchange Inc. (ICE) earnings time is at Oct 30, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is ICE EPS forecast?

ICE EPS forecast for the fiscal quarter 2025 (Q3) is 1.7.

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