Intercontinental Exchange Inc. (NYSE:ICE) delivered second-quarter results that exceeded Wall Street’s earnings expectations while matching revenue forecasts, supported by continued growth across each of its three operating divisions.
Investors responded positively to the report, with the company’s shares rising about 1.8% in premarket trading on Thursday
Earnings Growth Continues Across the Business ICE reported adjusted diluted earnings of $1.90 per share for the second quarter, surpassing analysts’ consensus estimate of $1.88. Quarterly revenue totaled $2.67 billion, in line with market expectations and 5% higher than the same period a year earlier. “We are pleased to report our second quarter results, which reflect continued revenue and earnings per share growth and record open interest across our exchange complex,” said Jeff Sprecher, ICE Chair and Chief Executive Officer. On a GAAP basis, diluted earnings per share increased 14% year over year to $1.69, while adjusted diluted earnings per share rose 5% to $1.90.
All Three Operating Segments Deliver Growth The Exchanges business generated net revenue of $1.46 billion during the quarter and achieved an adjusted operating margin of 75%. Fixed Income and Data Services recorded revenue of $645 million, representing an 8% increase from the prior year. Meanwhile, Mortgage Technology revenue rose 5% year over year to $557 million.