UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36198 INTERCONTINENTAL EXCHANGE, INC. (Exact name of registrant as specified in its charter) Delaware 46-2286804 (State or other ...

Intercontinental Exchange Reports Strong Second Quarter 2025 Exhibit 99.1 ICE Chair & Chief Executive Of icer, said, "We are pleased to report our second quarter results, which were highlighted by another quarter of record revenues and double-digit earnings per share growth. Amidst a backdrop of continued volatility and uncertainty, our strong second quarter performance reflects the 'all-weather' nature of our business model and the value of our markets, technology, and data services. As we look to the seco ...

Intercontinental Exchange, parent of the New York Stock Exchange, is in talks to acquire Enverus in a deal that would value the energy data platform at at least $6 billion https://t.co/uOUjfhvugO ...

据知情人士透露，纽交所（NYSE）的所有人/母公司洲际交易所（ICE）洽谈60亿美元收购Enverus的潜 在交易。（彭博） ...

智通财经7月30日电，纽约证券交易所所有者洲际交易所（ICE）据悉正就60亿美元收购Enverus事宜进 行谈判。 ...

Core Insights - Intercontinental Exchange Inc. (ICE) is anticipated to show improvements in both revenue and earnings for the second quarter of 2025, with revenue expected to reach $2.52 billion, reflecting an 8.8% year-over-year growth [1] - The earnings consensus estimate is set at $1.77 per share, indicating a 16.4% increase compared to the previous year, with a 2.3% upward revision in the last 30 days [2] Revenue Breakdown - Fixed Income and Data Services revenues are projected to be around $595 million, with estimates suggesting a slight increase to $600.4 million due to growth in pricing and reference data [6] - The Exchange segment is expected to generate $2 billion in revenue, with estimates indicating a potential increase to $1.3 billion driven by higher trading volumes in energy and financial futures [7] - The Mortgage Technology segment's revenues are estimated at $535 million, with expectations of reaching $587.8 million due to growth in origination technology and servicing solutions [8] Expense and Volume Insights - Total expenses are anticipated to rise by 8.2% to approximately $1 billion, with adjusted expenses expected between $980 million and $990 million [9] - Non-operating expenses are projected to be between $175 million and $180 million, while share buybacks are likely to contribute positively to the overall performance [11] - ICE reported a 26% increase in average daily volume (ADV) for the second quarter, with notable increases in Natural Gas ADV (up 16%) and Energy ADV (up 27%) [11]

Group 1 - The core point of the article is that speculative net long positions in gasoline futures increased by 8,012 contracts to a total of 98,180 contracts last week [1]

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Intercontinental Exchange (ICE) due to higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - ICE is expected to report quarterly earnings of $1.76 per share, reflecting a +15.8% change year-over-year, and revenues of $2.52 billion, which is an 8.8% increase from the previous year [3]. - The consensus EPS estimate has been revised 1.14% higher in the last 30 days, indicating a positive reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows a positive Earnings ESP of +0.51% for ICE, suggesting analysts are optimistic about the company's earnings prospects [12]. - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. Historical Performance - ICE has beaten consensus EPS estimates in three out of the last four quarters, with a recent surprise of +1.18% when it reported earnings of $1.72 per share against an expectation of $1.70 [13][14]. Conclusion - ICE is viewed as a compelling candidate for an earnings beat, but investors should consider other factors influencing stock performance beyond just earnings results [15][17].

Market Overview - The three major U.S. stock indexes closed lower last week, with the Dow Jones Industrial Average down 1%, the S&P 500 down 0.3%, and the Nasdaq Composite down 0.1% [1] - The market pullback was influenced by renewed U.S. tariff threats, particularly higher levies on Canada and the European Union, raising concerns about economic growth and inflation [2] Earnings Performance - Despite tariff concerns, many investors focused on strong earnings reports from airlines and consumer stocks, indicating a resilient economy [2] - The second-quarter earnings season is critical for assessing the impact of tariffs on corporate profits [3] Zacks Research Performance - Mogo Inc. shares surged 81.8% since being upgraded to Zacks Rank 2 (Buy) on May 8, significantly outperforming the S&P 500's 11.1% increase [4] - ATI Inc. also saw a 32.6% return since its upgrade to Zacks Rank 2 on May 6, compared to the S&P 500's 10.7% increase [5] - A hypothetical portfolio of Zacks Rank 1 (Strong Buy) stocks returned +6.51% in May 2025, outperforming the S&P 500's +4.47% [5] Zacks Recommendations - Amarin Corporation and European Wax Center shares increased by 62.6% and 49.9%, respectively, after being upgraded to Outperform on May 12, against the S&P 500's 10.5% rise [8] - The Zacks Focus List portfolio returned 8.84% in 2025 (through June 30) compared to the S&P 500's +6.21% [12] Portfolio Performance - The Zacks Earnings Certain Admiral Portfolio (ECAP) returned +3.20% in Q1 2025, outperforming the S&P 500's -4.30% decline [16] - The Zacks Earnings Certain Dividend Portfolio (ECDP) returned +5.74% in Q1 2025, compared to the S&P 500's -2.41% [20] - The Zacks Top 10 Stocks portfolio delivered +11.8% year-to-date through June 2025, outperforming the S&P 500's +6.2% [22] Long-term Performance - Since 2004, the Zacks Focus List portfolio has produced an annualized return of +11.60%, compared to +10.22% for the S&P 500 [15] - The Top 10 portfolio has generated a cumulative return of +2,246.8% since 2012, significantly outperforming the S&P 500's +502.3% [24]

Core Insights - Intercontinental Exchange (ICE) reported a record trading volume of 1.2 billion futures and options contracts in the first half of the year [1] Group 1 - The trading volume of ICE's futures and options contracts reached an all-time high [1]