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Intercontinental Exchange Inc. (ICE)
NYSE:ICE
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.93Last Year’s EPS
1.72Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple record metrics across revenues, earnings, trading volumes, index AUM and recurring revenue streams, highlighted successful integration of Black Knight with accelerating synergies, strong free cash flow and shareholder returns, and continued investment in AI and infrastructure. Management acknowledged manageable headwinds in mortgage recurring revenues from lower minimums, some client attrition related to M&A, modest expense growth (including a one‑time stock‑based compensation charge), and pockets of softer fixed income retail/treasury activity. On balance the positive operational and financial momentum, recurring revenue durability, and strategic investments materially outweigh the disclosed challenges.Company Guidance
Record Full-Year Financial Performance
Adjusted EPS of $6.95, up 14% YoY; full-year net revenues of $9.9B, up 6% YoY; adjusted operating income of $6.0B, up 9% YoY; adjusted free cash flow of $4.2B.
Strong Capital Return and Balance Sheet Improvement
Repurchased $1.3B of stock, increased dividend by 6%, and reduced leverage from 3.3x to 3.0x year‑end.
Black Knight Integration Outperformance
Annualized expense synergies from Black Knight hit ~$230M (exceeding updated $200M target); now expect total expense synergies of $275M by 2028 (a $75M / ~40% increase vs original commitment).
Robust Q4 Results Providing Momentum
Q4 adjusted EPS $1.71, up 13% YoY; Q4 net revenues $2.5B, up 7% YoY; Q4 adjusted operating expenses $1.01B (midpoint of guidance).
Exchange Segment Strength and Record Volumes
Exchange Q4 net revenues $1.4B, up 9% YoY; transaction revenues +8% YoY; global oil complex +12% YoY; natural gas and environmental products +10% Q4 and +15% FY; record monthly volumes in January +23% YoY and open interest +19%.
Derivatives and Energy Franchise Momentum
2.3B futures and options contracts traded in 2025 (+13% YoY); record ADV of 9.3M contracts (+14% YoY); futures revenue +11% for the year and +8% in Q4; Brent +11% YoY, WTI +9% YoY, JKM volumes +36% YoY.
Fixed Income & Data Services Milestones
Q4 FIDS revenues $608M (recurring $507M, +7% YoY); fixed income data & analytics revenues $318M, +5% YoY; index AUM tracking ICE indices $794B, up >20% YoY; Data & Network Technology revenues +10% in Q4.
Mortgage Technology Progress
Q4 Mortgage Technology revenues $532M, +5% YoY (pro forma with Black Knight strongest quarter since Q3 2022); transaction revenues $141M, +20% YoY; recurring revenues $391M; revenue synergies nearly doubled from $55M to ~$100M in 2025.
Strategic Investments for AI and Infrastructure
2026 CapEx guidance $740–$790M including AI infrastructure (GPUs, storage, network) and ~$250M of real estate for revenue-generating data center capacity and office builds.
Product and Innovation Initiatives
Rolled out ICE Risk Model 2 across >1,000 energy contracts for portfolio margining; launched ICE Aurora AI capabilities and AI agents in mortgage and data workflows; announced NYSE tokenization initiative and received SEC approval for US cash treasury clearing service early.
ICE Earnings History
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 |
|---|---|---|---|
Feb 05, 2026 | $164.85 | $168.29 | +2.09% |
Oct 30, 2025 | $150.17 | $148.08 | -1.39% |
Jul 31, 2025 | $184.67 | $183.77 | -0.49% |
May 01, 2025 | $166.56 | $169.40 | +1.71% |
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 Apr 30, 2026, Before Open (Confirmed).
What is Intercontinental Exchange Inc. (ICE) earnings time?
Intercontinental Exchange Inc. (ICE) earnings time is at Apr 30, 2026, 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 2026 (Q1) is 1.93.