Intercontinental Exchange(ICE)
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Intercontinental Exchange Q3 Earnings Top, Revenues Lag Estimates
ZACKS· 2025-10-30 17:45
Core Insights - Intercontinental Exchange (ICE) reported third-quarter 2025 adjusted earnings per share of $1.71, exceeding the Zacks Consensus Estimate by 5.6% and reflecting a year-over-year increase of 10.3% [1][9] - The company achieved record net revenues of $2.4 billion, marking a 2.6% increase year over year, although it slightly missed the Zacks Consensus Estimate by 0.1% [3][9] - ICE's performance across all three business segments demonstrated the strength of its diversified business model and strategic investments [2] Financial Performance - Total operating expenses decreased by 0.7% year over year to $1.2 billion, attributed to lower rent, occupancy, and administrative expenses [3] - Adjusted operating income rose by 1.9% year over year to $1.4 billion, with an adjusted operating margin remaining flat at 59% [4] - Cash and cash equivalents stood at approximately $2 billion, a 1% increase from the end of 2024, while total equity rose by 7.2% to $26.7 billion [8] Segment Performance - Exchanges segment net revenues reached $1.3 billion, up 1% year over year, with adjusted operating income increasing by 2.2% to $924 million [5] - Fixed Income and Data Services revenues grew by 5% to $618 million, with adjusted operating income rising by 7.2% to $282 million [6] - Mortgage Technology revenues increased by 4% to $528 million, with adjusted operating income up 23.6% year over year and a margin expansion of 700 basis points to 42% [7] Guidance and Future Outlook - For the third quarter of 2025, GAAP operating expenses are expected to range between $1.225 billion and $1.265 billion, while adjusted operating expenses are projected to be between $1.005 billion and $1.015 billion [10] - Full-year guidance indicates a recurring revenue growth expectation of 5% to 6% for the Exchanges segment, with GAAP operating expenses projected between $4.99 billion and $5 billion [11] Shareholder Returns - ICE repurchased $894 million of its common stock and paid $831 million in dividends during the first nine months of 2025 [12] - A dividend of 48 cents per share for the third quarter of 2025 has been approved, to be paid on December 31 to shareholders of record as of December 16 [12]
IntercontinentalExchange (ICE) Q3 Earnings Top Estimates
ZACKS· 2025-10-30 13:41
Core Insights - IntercontinentalExchange (ICE) reported quarterly earnings of $1.71 per share, exceeding the Zacks Consensus Estimate of $1.62 per share, and up from $1.55 per share a year ago [1] - The earnings surprise for this quarter was +5.56%, and ICE has surpassed consensus EPS estimates in all four of the last quarters [2] - The company posted revenues of $2.41 billion for the quarter ended September 2025, slightly missing the Zacks Consensus Estimate by 0.07%, but up from $2.35 billion year-over-year [3] Earnings Performance - ICE's earnings surprise of +5.56% indicates strong performance relative to expectations [2] - The company has consistently exceeded EPS estimates, achieving this in four consecutive quarters [2] - Revenue growth was noted, with a year-over-year increase from $2.35 billion to $2.41 billion, despite missing the consensus estimate [3] Market Position and Outlook - ICE shares have increased by approximately 1.1% since the beginning of the year, underperforming compared to the S&P 500's gain of 17.2% [4] - The company's future stock performance will largely depend on management's commentary during the earnings call and the outlook for upcoming earnings [4][5] - Current consensus EPS estimate for the next quarter is $1.65, with expected revenues of $2.43 billion, and for the current fiscal year, the EPS estimate is $6.83 on revenues of $9.86 billion [8] Industry Context - The Securities and Exchanges industry, to which ICE belongs, is currently ranked in the top 18% of over 250 Zacks industries, indicating a favorable industry outlook [9] - The performance of ICE's stock may be influenced by the overall industry trends, as top-ranked industries tend to outperform lower-ranked ones significantly [9]
Intercontinental Exchange(ICE) - 2025 Q3 - Earnings Call Transcript
2025-10-30 13:32
Financial Data and Key Metrics Changes - Third quarter adjusted earnings per share were $1.71, up 10% year-over-year, marking the best third quarter in the company's history [5] - Net revenues totaled $2.4 billion, supported by a 5% increase in recurring revenue [5] - Adjusted operating expenses for the third quarter were $981 million, with disciplined cost management contributing to this figure [5][6] - The adjusted tax rate for the third quarter was 21%, benefiting from prior year tax audit settlements [6] Business Line Data and Key Metrics Changes - Exchange segment net revenues reached $1.3 billion, with transaction revenue totaling $876 million [7] - Recurring revenues in the exchange data services and NYSE listings business totaled a record $389 million, up 7% year-over-year [8] - Fixed income and data services segment revenues totaled a record $618 million, with recurring revenues growing by 7% year-over-year [9][10] - Mortgage Technology revenues totaled $528 million, up 4% year-over-year, with transaction revenues increasing by 12% [11][12] Market Data and Key Metrics Changes - Open interest across futures and options surged 16% year-over-year, with energy futures up 14% and interest rate futures climbing 37% [8][19] - Global gas portfolio volumes increased 20% year-to-date, with significant growth across North America, Europe, and Asia [20] - Power markets saw volumes up 21% year-to-date, reinforcing the synergy between gas and power markets [20] Company Strategy and Development Direction - The company is focusing on AI and automation to enhance operational efficiency and deliver analytical insights through the ICE Aurora platform [15][18] - Strategic investments in data center infrastructure are aimed at supporting increased demand for data and AI integration [10][24] - The company is positioning itself to leverage blockchain technology and improve collateral management through its investment in Polymarket [31][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macroeconomic conditions and maintain growth [40] - The company anticipates continued strength in its mortgage technology segment, despite some near-term challenges [47] - Management highlighted the importance of proprietary data in enhancing competitive advantage in the evolving AI landscape [21][22] Other Important Information - The company returned $674 million to shareholders during the quarter, including approximately $400 million in share repurchases [6] - The company expects fourth quarter adjusted operating expenses to be in the range of $1.005 billion to $1.015 billion [6][7] Q&A Session Summary Question: Impact of AI in mortgage origination and servicing - Management noted that AI has transformed their platforms from systems of record to systems of intelligence, enhancing operational efficiencies [44][46] Question: Short-term dynamics regarding Flagstar and PennyMac - Management acknowledged a slight revenue decline due to the roll-off of inactive loans and lower minimums from some customers, but highlighted a positive trend in active loans [51][53] Question: Details on Polymarket's data licensing and redistribution - Management discussed the innovative settlement architecture of Polymarket and its potential to enhance ICE's workflow and increase sales revenue [55][60] Question: Clarification on fourth quarter revenue guidance - Management clarified that the guidance referred to recurring revenue being flat, with typical seasonal impacts expected [71][73] Question: Long-term outlook on competition in the mortgage space - Management emphasized their position as an independent technology provider and the importance of maintaining a neutral stance in the competitive landscape [78]
Intercontinental Exchange(ICE) - 2025 Q3 - Earnings Call Transcript
2025-10-30 13:32
Financial Data and Key Metrics Changes - Third quarter adjusted earnings per share were $1.71, up 10% year over year, marking the best third quarter in the company's history [5] - Net revenues totaled $2.4 billion, supported by a 5% increase in recurring revenue [5] - Adjusted operating expenses for the third quarter were $981 million, with disciplined cost management contributing to this figure [5][6] - The adjusted tax rate for the third quarter was 21%, benefiting from prior year tax audit settlements [6] Business Line Data and Key Metrics Changes - Exchange segment net revenues reached $1.3 billion, with transaction revenue totaling $876 million [7] - Recurring revenues in the Exchange segment totaled a record $389 million, up 7% year over year, driven by a 9% growth in exchange data services [8] - Fixed income and data services segment revenues totaled a record $618 million, with transaction revenues of $123 million [9] - Mortgage Technology revenues totaled $528 million, up 4% year over year, with recurring revenues at $391 million [11] Market Data and Key Metrics Changes - Open interest across futures and options surged 16% year over year, with energy futures up 14% and interest rate futures climbing 37% [8] - Global gas portfolio volumes increased 20% year to date, with significant growth across North America, Europe, and Asia [20] - Power markets saw volumes up 21% year to date, reinforcing the synergy between gas and power markets [20] Company Strategy and Development Direction - The company is focusing on AI to enhance operational efficiency and deliver analytical insights, with the ICE Aurora platform being a key initiative [15][18] - Strategic investments in data center infrastructure are aimed at supporting increased demand for data and AI integration [10][24] - The company is positioning itself to leverage blockchain technology through its investment in Polymarket, aiming to enhance its clearing and trading capabilities [31][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macroeconomic conditions, highlighting strong demand for risk management tools [19][40] - The company anticipates continued growth in recurring revenues and is focused on extending its track record of growth into 2026 [14][40] - Management acknowledged the challenges posed by regulatory environments but remains optimistic about the evolution of markets and technology integration [32][36] Other Important Information - The company returned $674 million to shareholders during the quarter, including approximately $400 million in share repurchases [6] - The company reduced debt outstanding by roughly $175 million, lowering gross leverage to just over 2.9 times EBITDA [6] Q&A Session Summary Question: Impact of AI in mortgage origination and servicing - Management highlighted that AI has transformed their platforms from systems of record to systems of intelligence, enhancing operational efficiencies and sales [44][46] Question: Short-term dynamics regarding Flagstar and PennyMac - Management noted that while Flagstar's exit will impact revenue, the overall sales performance remains strong, with new client acquisitions expected to offset losses [49][53] Question: Details on Polymarket's data licensing and blockchain technology - Management emphasized the innovative aspects of Polymarket's smart contracts and the potential for increased trading efficiency through 24/7 collateral management [60][62] Question: Clarification on fourth quarter revenue guidance - Management clarified that the guidance referred to recurring revenue levels remaining stable, with typical seasonal impacts expected [71][73] Question: Long-term outlook on competition in the mortgage space - Management expressed confidence in their independent, well-capitalized position, emphasizing the importance of being a neutral technology provider [75][78]
Intercontinental Exchange(ICE) - 2025 Q3 - Earnings Call Transcript
2025-10-30 13:30
Financial Data and Key Metrics Changes - Third quarter adjusted earnings per share were $1.71, up 10% year over year, marking the best third quarter in the company's history [4] - Net revenues totaled $2.4 billion, supported by a 5% increase in recurring revenue [4] - Adjusted operating expenses for the third quarter were $981 million, with disciplined cost management contributing to this figure [4][5] - The adjusted tax rate for the third quarter was 21%, benefiting from prior year tax audit settlements [5] Business Line Data and Key Metrics Changes - Exchange segment net revenues reached $1.3 billion, with transaction revenue at $876 million [6] - Recurring revenues in the Exchange segment totaled a record $389 million, up 7% year over year, driven by a 9% growth in exchange data services [8] - Fixed income and data services segment revenues were a record $618 million, with transaction revenues of $123 million [9] - Mortgage Technology revenues totaled $528 million, up 4% year over year, with recurring revenues at $391 million [11] Market Data and Key Metrics Changes - Open interest across futures and options surged 16% year over year, with energy futures up 14% and interest rate futures climbing 37% [7][19] - Global gas portfolio volumes increased 20% year to date, with significant growth across North America, Europe, and Asia [20] - Power markets saw volumes up 21% year to date, reinforcing the synergy between gas and power markets [20] Company Strategy and Development Direction - The company is focusing on AI integration to enhance operational efficiency and customer solutions, with the ICE Aurora platform being a key initiative [14][15] - Strategic investments in data center infrastructure are aimed at supporting business growth and meeting increasing customer demand [25] - The company is positioning itself to leverage blockchain technology and improve collateral management through its investment in Polymarket [32][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macroeconomic conditions and maintain growth, citing strong performance in the third quarter [41] - The company anticipates continued growth in recurring revenues and transaction volumes, driven by strategic investments and market demand [20][41] - Management highlighted the importance of maintaining high standards in listings and the impact of regulatory changes on market dynamics [9][34] Other Important Information - The company returned $674 million to shareholders during the quarter, including approximately $400 million in share repurchases [5] - The company expects fourth quarter adjusted operating expenses to be in the range of $1.005 billion to $1.015 billion [5][6] Q&A Session Summary Question: Impact of AI in mortgage origination and servicing - Management discussed the transition of mortgage platforms to systems of intelligence, enhancing operational efficiencies and compliance [45][51] Question: Short-term dynamics regarding Flagstar and PennyMac - Management noted that Flagstar's exit would impact revenues, while PennyMac's contribution would not be felt until 2028 [64][66] Question: Details on Polymarket's data licensing and blockchain technology - Management emphasized the innovative architecture of Polymarket and its potential to enhance ICE's workflows and trading efficiency [70][86]
Intercontinental Exchange, Inc. 2025 Q3 - Results - Earnings Call Presentation (NYSE:ICE) 2025-10-30
Seeking Alpha· 2025-10-30 13:01
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Intercontinental Exchange(ICE) - 2025 Q3 - Earnings Call Presentation
2025-10-30 12:30
Financial Performance Highlights - ICE achieved record 3Q25 net revenues of $2411 million, a 2% increase compared to $2349 million in 3Q24[6] - Recurring revenues reached $1275 million, representing a 5% increase[6] - Adjusted diluted EPS increased by 10% to $171[6] - Adjusted free cash flow year-to-date reached $3178 million, a 21% increase[6] Segment Performance - Exchanges segment net revenues totaled $1265 million, a 1% increase[9] - Fixed Income & Data Services revenues increased by 5% to $618 million[12] - Mortgage Technology segment revenues grew by 4% to $528 million[15] Key Growth Drivers - Data & connectivity services revenues within the Exchanges segment increased by 9%[9] - Data & network technology revenues within Fixed Income & Data Services grew by 10%[13] - Transaction revenues in Mortgage Technology increased by 12%[17] Capital Management - $674 million was returned to stockholders in 3Q25, including ~$400 million in share repurchases[8] - Ending 3Q25 leverage was approximately 29x[8] 2025 Guidance - FY25 adjusted expenses are expected to be between $3933 billion and $3943 billion[24]
Intercontinental Exchange(ICE) - 2025 Q3 - Quarterly Report
2025-10-30 12:26
Financial Performance - Operating income from the Mortgage Technology segment was $6 million for the nine months ended September 30, 2025, compared to a loss of $134 million for the same period in 2024[168]. - Revenues, less transaction-based expenses, increased by $471 million (7%) for the nine months ended September 30, 2025, compared to the same period in 2024[170]. - Recurring revenues for the nine months ended September 30, 2025, were $3,767 million, a 4% increase from $3,614 million in 2024[170]. - Operating income rose to $3,692 million for the nine months ended September 30, 2025, reflecting a 14% increase from $3,232 million in 2024[170]. - Net income attributable to ICE increased by 20% to $2,464 million for the nine months ended September 30, 2025, compared to $2,056 million in 2024[170]. - Adjusted diluted earnings per share attributable to ICE common stockholders increased by 15% to $5.24 for the nine months ended September 30, 2025, from $4.55 in 2024[170]. - Cash flows from operating activities were $3,387 million for the nine months ended September 30, 2025, a 9% increase from $3,103 million in 2024[170]. - Free cash flow for the nine months ended September 30, 2025, was $2,862 million, up 9% from $2,627 million in 2024[170]. - Total revenues for the nine months ended September 30, 2025, reached $7,427 million, up from $6,956 million in the same period of 2024, representing a growth of 6.8%[303]. - Adjusted operating income for the nine months ended September 30, 2025, was $4,499 million, compared to $4,119 million in 2024, reflecting an increase of 9.2%[303]. - The operating margin for the nine months ended September 30, 2025, was 50%, an improvement from 46% in 2024[303]. - Net income attributable to ICE for the nine months ended September 30, 2025, was $2,464 million, compared to $2,056 million in 2024, marking a 19.8% increase[303]. - Adjusted diluted earnings per share for the nine months ended September 30, 2025, was $5.24, up from $4.55 in 2024, indicating a growth of 15.2%[303]. Segment Performance - The company operates in three reportable segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology, leveraging collective expertise across platforms[154]. - Operating income for the Exchanges Segment increased by 9% to $2,983 million for the nine months ended September 30, 2025, compared to $2,734 million in 2024[202]. - Adjusted operating income for the Fixed Income and Data Services segment rose by 5% to $816 million for the nine months ended September 30, 2025, from $776 million in 2024[215]. - Total revenues for the Fixed Income and Data Services segment grew by 5% to $1,811 million for the nine months ended September 30, 2025, compared to $1,719 million in 2024[207]. - Revenues from the Mortgage Technology segment increased by 4% to $1,569 million for the nine months ended September 30, 2025, compared to $1,514 million in 2024[220]. - Transaction and clearing revenues for the Exchanges segment increased by 13% to $4,983 million for the nine months ended September 30, 2025, compared to $4,415 million in 2024[178]. - Data and connectivity services revenues increased by 7% for the nine months ended September 30, 2025, attributed to strong customer retention and new customer additions[190]. Market Conditions - The company has seen increased trading across products such as interest rate and equity futures, credit default swaps, and bonds due to market and interest rate volatility[158]. - The macroeconomic environment is expected to remain dynamic, with ongoing monitoring of interest rates, inflation, and geopolitical events impacting business operations[160]. - Increased mortgage interest rates have reduced consumer demand for mortgages, adversely impacting transaction-based revenues in the Mortgage Technology segment[158]. - The company continues to monitor the impact of sanctions against Russia, which may affect specific contracts traded at ICE Futures Europe[166]. - The EU Benchmarks Regulation will be effective on January 1, 2026, impacting the company's benchmark offerings in the EU[165]. Regulatory and Taxation - The enactment of the OBBBA on July 4, 2025, did not result in material changes to the total effective tax rate, but it did affect current and deferred income tax expenses[161]. - The company is subject to various regulatory frameworks across multiple jurisdictions, which can influence operational strategies and market activities[162]. - Consolidated income tax expense increased to $772 million for the nine months ended September 30, 2025, from $630 million in 2024, with an effective tax rate of 24% compared to 23% in the previous year[263][264]. - The company plans to continue evaluating the impact of the OBBBA tax provisions, which did not result in material changes to the total effective tax rate for the nine months ended September 30, 2025[266]. Cash Flow and Capital Management - Cash used in investing activities increased by $1.2 billion during the nine months ended September 30, 2025, compared to the same period in 2024[281]. - Outstanding debt as of September 30, 2025, was $19.0 billion, consisting of $18.6 billion in unsecured senior notes and $417 million under the Commercial Paper Program[281]. - The company has a $3.9 billion Credit Facility, with $3.3 billion available for working capital and general corporate purposes as of September 30, 2025[282]. - During the nine months ended September 30, 2025, the company repurchased $894 million of shares, resuming share repurchases after no activity in the same period of 2024[290]. - Cash dividends per share increased to $1.44 for the nine months ended September 30, 2025, compared to $1.35 in 2024, resulting in an aggregate payout of $831 million[292]. - The remaining balance for future stock repurchases as of September 30, 2025, was $1.6 billion[296]. - A quarterly dividend of $0.48 per share was announced for the fourth quarter of 2025, payable on December 31, 2025[297]. Expenses and Cost Management - Total operating expenses for the nine months ended September 30, 2025, were $3,735 million, a slight increase from $3,724 million in 2024[232]. - Compensation and benefits expenses increased by $41 million for the nine months ended September 30, 2025, primarily due to merit-related pay increases and increased medical claim activity[236]. - Acquisition-related transaction and integration costs were $51 million for the nine months ended September 30, 2025, down from $88 million in 2024, primarily due to integration costs related to Black Knight[240]. - Technology and communication expenses increased by $16 million for the nine months ended September 30, 2025, primarily due to increases in hosting, security, and customer network costs[244]. - Rent and occupancy expenses decreased by $25 million for the nine months ended September 30, 2025, primarily due to duplicate rent during the consolidation of certain leased offices[246]. Investment and Development - The company expects to incur capital expenditures and software development costs between $730 million and $780 million in 2025 to support technology enhancements and business growth[295]. - Capital expenditures decreased slightly to $207 million in 2025 from $212 million in 2024[311]. - Capitalized software development costs increased to $318 million in 2025 from $264 million in 2024, showing a rise of 20.5%[311]. Other Financial Metrics - The notional value of CDS cleared reached $19.7 trillion for the nine months ended September 30, 2025, compared to $15.7 trillion in 2024[211]. - The company recognized $75 million in equity method investment income for the nine months ended September 30, 2025, compared to $63 million in losses for the same period in 2024[256][257]. - Fair value gains on equity investments were recorded at $35 million and $33 million for the nine and three months ended September 30, 2025, respectively, contrasting with a $1 million loss in the prior year[258]. - Interest income decreased by 12% to $92 million for the nine months ended September 30, 2025, compared to $105 million in 2024, primarily due to lower interest rates[252]. - Total other income/(expense), net was $(412) million for the nine months ended September 30, 2025, a 19% improvement from $(509) million in 2024[252].
Intercontinental Exchange(ICE) - 2025 Q3 - Quarterly Results
2025-10-30 11:30
Financial Performance - 3Q25 net revenues were $2.4 billion, representing a 3% year-over-year increase[2] - GAAP diluted earnings per share (EPS) for 3Q25 were $1.42, up 25% year-over-year; adjusted diluted EPS were $1.71, up 10% year-over-year[2] - Operating income for 3Q25 was $1.2 billion, a 6% increase year-over-year, with an operating margin of 49%[4] - Total revenues for the nine months ended September 30, 2025, increased to $9,498 million, up from $8,731 million in 2024, representing a growth of 8.8%[22] - Net income attributable to Intercontinental Exchange, Inc. for the nine months ended September 30, 2025, was $2,464 million, compared to $2,056 million in 2024, reflecting a year-over-year increase of 19.8%[22] - Basic earnings per share for the nine months ended September 30, 2025, rose to $4.30, up from $3.59 in 2024, marking an increase of 19.7%[22] - Operating income for the nine months ended September 30, 2025, was $3,692 million, compared to $3,232 million in 2024, showing a significant increase of 14.3%[22] - Adjusted net income attributable to ICE for the nine months ended September 30, 2025, was $3,018 million, compared to $2,622 million in 2024, marking a growth of 15.1%[30] - Diluted earnings per share attributable to ICE common stockholders for the nine months ended September 30, 2025, increased to $4.28 from $3.57 in 2024, a rise of 19.8%[30] Revenue Breakdown - Exchange net revenues for 3Q25 were $1.3 billion, with an operating margin of 72%[6] - Fixed income and data services revenues were $618 million, with an adjusted operating margin of 45%[10] - Mortgage technology revenues reached $528 million, with an adjusted operating margin of 42%[12] - Total revenues for the three months ended September 30, 2025, were $2,411 million, compared to $2,349 million for the same period in 2024, representing a growth of 2.6%[28] Cash Flow and Capital Management - Operating cash flow through 3Q25 was $3.4 billion, and adjusted free cash flow was $3.2 billion[18] - Adjusted free cash flow for the nine months ended September 30, 2025, was $3,178 million, compared to $2,631 million in 2024, indicating an increase of 20.8%[34] - Net cash provided by operating activities for the nine months ended September 30, 2025, was $3,387 million, compared to $3,103 million in 2024, an increase of 9.2%[34] - Capital expenditures for the nine months ended September 30, 2025, were $207 million, a slight decrease from $212 million in 2024[34] Shareholder Returns - The company returned over $1.7 billion to stockholders through September 30, 2025, including $894 million in share repurchases[3] Strategic Initiatives - The company announced a strategic investment in Polymarket, expanding into decentralized prediction markets[2] - The company continues to focus on transforming U.S. housing finance through its ICE Mortgage Technology segment, enhancing efficiency and transparency in the market[35] Guidance and Projections - Updated financial guidance for 2025 includes operating expenses projected between $4.990 billion and $5.000 billion[14] Balance Sheet Highlights - Cash and cash equivalents as of September 30, 2025, totaled $850 million, a slight increase from $844 million as of December 31, 2024[24] - Total assets as of September 30, 2025, amounted to $140,901 million, up from $139,428 million as of December 31, 2024, reflecting a growth of 1.1%[24] - Total liabilities as of September 30, 2025, were $112,192 million, compared to $111,708 million as of December 31, 2024, indicating a rise of 0.4%[24] Operating Efficiency - Total operating expenses for the nine months ended September 30, 2025, were $3,735 million, slightly up from $3,724 million in 2024, indicating a marginal increase of 0.3%[22] - Adjusted operating income for the nine months ended September 30, 2025, was $4,499 million, compared to $4,119 million in 2024, representing an increase of 9.2%[27] - Adjusted operating margin for the nine months ended September 30, 2025, was 61%, compared to 59% in 2024, indicating an improvement in operational efficiency[27] - Operating margin for the three months ended September 30, 2025, was 72%, down from 76% in 2024[28] - Adjusted operating margin for the three months ended September 30, 2025, was 73%, slightly down from 75% in 2024[28]
美股异动丨洲际交易所盘前涨2.6% 即将发布财报 机构预期Q3业绩增长
Ge Long Hui· 2025-10-30 08:44
Core Viewpoint - Intercontinental Exchange (ICE.US) is expected to report its Q3 2025 earnings on October 30, with projected revenue of $2.414 billion, reflecting a year-over-year increase of 2.76%, and an expected earnings per share (EPS) of $1.285, which represents a 12.69% increase compared to the previous year [1]. Group 1: Stock Performance - ICE's stock price increased by 2.57% in pre-market trading, reaching $154.49 [1]. - The closing price on October 29 was $150.62, with a previous day's closing price of $157.27 [1]. - The stock has a 52-week high of $188.822 and a low of $141.116 [1]. Group 2: Financial Metrics - The average price of ICE's stock was $151.564, with a market capitalization of $86.218 billion [1]. - The price-to-earnings (P/E) ratio is 31.51, and the price-to-book (P/B) ratio is 3.031 [1]. - The dividend yield is 1.230%, with a trailing twelve months (TTM) dividend of $1.860 [1].