The earnings call highlighted record financial results, strong performance across all segments, and successful capital return strategies. However, challenges such as the roll-off of inactive loans, M&A-related attrition, and expected increases in operating expenses were noted.

Company Guidance -

Q3 2025

During the second quarter of 2025, ICE achieved record financial results, with adjusted earnings per share reaching $1.81, reflecting a 19% increase year-over-year. Net revenue rose by 9% to $2.5 billion, driven by all three operating segments, while adjusted operating expenses were kept towards the lower end of the guidance at $983 million. The company returned $532 million to shareholders, including $255 million in share repurchases, and reduced leverage to 3x EBITDA. The Exchange segment saw net revenues of $1.4 billion, with a 12% increase year-over-year. The Fixed Income and Data Services segment reported a record $597 million in revenues, with transaction revenues at $114 million. Meanwhile, the Mortgage Technology segment's revenues totaled $531 million, marking a 5% increase year-over-year. Looking ahead, ICE expects third quarter adjusted operating expenses to range between $995 million and $1.005 billion, with adjusted non-operating expenses between $170 million and $175 million.

Record Second Quarter Results

Second quarter adjusted earnings per share were a record $1.81, up 19% year-over-year. Net revenue increased by 9% to a record $2.5 billion.

Exchange Segment Growth

Second quarter net revenues for the Exchange segment reached a record $1.4 billion, up 12% year-over-year. Record transaction revenues of over $1 billion were up 15%, driven by a 20% increase in our interest rate business and 25% growth in energy revenues.

Fixed Income and Data Services Performance

Second quarter revenues totaled a record $597 million, with significant growth in the muni business (28%) and CDS clearing revenue (25%).

Successful Capital Return Strategy

ICE returned $532 million of capital to shareholders during the quarter, including $255 million of share repurchases.

Strong Mortgage Technology Results

Second quarter revenues for the Mortgage Technology segment totaled $531 million, up 5% year-over-year, driven by double-digit revenue growth in transaction revenues.

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)	1.71 / -	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 1.71.

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