Core Insights - Intercontinental Exchange (ICE) reported solid growth and an earnings beat, with shares rallying 4.5% following the earnings announcement [1][3] - The company has achieved its 19th consecutive year of growth, demonstrating resilience in its business model that combines recurring subscriptions and trading activity [2] Financial Performance - In Q4, Intercontinental Exchange's revenue grew by 5% to $2.32 billion, while adjusted non-GAAP earnings per share increased by 14% to $1.52, surpassing analyst expectations [3] - Core Exchange revenue rose by 9%, driven by significant increases in energy and interest rate derivative trading, which grew by 16% and 30% respectively [4] - Fixed income revenue increased by 3%, with recurring analytics subscriptions growing by 5%, while mortgage technology revenue saw a modest increase of 1% despite a slow housing market [4] Future Guidance - The company did not provide full-year revenue guidance but projected low-single digit growth for Exchange recurring revenue, mid-single digit growth for Fixed Income and Data Services recurring revenue, and low-to-mid single digit growth for Mortgage Technology recurring revenue [5] Valuation - Intercontinental Exchange appears expensive on a GAAP basis at 40 times earnings, but adjusted earnings may better reflect the company's true earnings power due to significant amortization of intangible assets from prior acquisitions [6] - The adjusted earnings for 2024 were reported at $6.07, an 8% increase, resulting in a more reasonable P/E ratio of 27.8 times trailing earnings, indicating it is a high-quality compounder at a reasonable price [7]

Core Insights - Intercontinental Exchange (ICE) reported fourth-quarter revenues of $2.323 billion, slightly below the analysts' estimate of $2.327 billion, but exceeded earnings per share (EPS) expectations with an EPS of $1.52 compared to the consensus of $1.49 [1][2] Financial Performance - EPS for Q4 2024 was $1.52, a 14.3% increase from $1.33 in Q4 2023 [2] - Revenue for Q4 2024 was $2.323 billion, reflecting a 5.6% increase from $2.201 billion in Q4 2023 [2] - Net income reached $698 million, a significant increase of 87.1% from $373 million in Q4 2023 [2] - Operating margin improved to 46%, up 400 basis points from 42% in the previous year [2] Segment Performance - The exchanges segment generated $1.2 billion in net revenue, a 9% year-over-year increase, driven by a 16% rise in energy sector revenues and a 30% increase in financial sector revenues [5] - The fixed income and data services division saw a 3% revenue increase to $579 million, with an operating margin of 43% [6] - The mortgage technology sector experienced a modest 1% revenue growth to $508 million, with recurring revenues declining by 2% due to lower origination volumes [6] Strategic Focus - The company is concentrating on expanding its technological infrastructure, acquiring strategic assets, and fostering innovation across its segments [4] - Plans for stock buybacks in early 2025 indicate confidence in the company's financial stability despite challenges in certain segments [6] Future Outlook - ICE anticipates moderate revenue growth across its segments in 2025, with a focus on technological and infrastructure investments to enhance operational efficiency [7] - Management expresses optimism regarding future productivity and efficiency improvements [7]

Intercontinental Exchange, Inc. (NYSE:ICE) Q4 2024 Earnings Conference Call February 6, 2025 8:30 AM ET Company Participants Katia Gonzalez - Manager, Investor Relations Jeff Sprecher - Chair and CEO Warren Gardiner - Chief Financial Officer Ben Jackson - President Lynn Martin - President, NYSE Chris Edmonds - President, Fixed Income and Data Services Conference Call Participants Ken Worthington - JPMorgan Alex Blostein - Goldman Sachs Patrick Moley - Piper Sandler Ben Budish - Barclays Dan Fannon - Jefferi ...

4Q24 Earnings Supplement February 6, 2025 1 CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS This presentation may contain "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements regarding ICE's business that are not historical facts are forward- looking statements that involve risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in these forward-looking ...

IntercontinentalExchange (ICE) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.01%. A quarter ago, it was expected that this owner of the New York Stock Exchange and other stock markets would post earnings of $1.55 per share when it actually produced earnings of $1.55, delivering no ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 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) (State or other jurisdiction of incorpor ...

Exhibit 99.1 Intercontinental Exchange Reports Strong Full Year 2024 Results 19th consecutive year of record revenues · 2024 net revenues of $9.3 billion, +16% y/y Jeffrey C. Sprecher, · 2024 GAAP diluted EPS of $4.78, +14% y/y · 2024 adj. diluted EPS of $6.07, +8% y/y Warren Gardiner, ICE Chief Financial Officer, added: "As we look back on 2024, our record revenue and operating income demonstrate the strength and resiliency of our unique business model. Our strong and growing cash flows enabled us to reinv ...

Intercontinental Exchange Inc. (ICE) is slated to report fourth-quarter 2024 earnings on Feb. 6, before market open. ICE delivered an earnings surprise in two of the last four quarters while matching estimates in the other two, the average beat being 1.28%.See the Zacks Earnings Calendar to stay ahead of market-making news.Factors to NoteContinued strong trends across fixed-income data and analytics and an acceleration in growth in other data and network services businesses are likely to have aided the four ...

In its upcoming report, IntercontinentalExchange (ICE) is predicted by Wall Street analysts to post quarterly earnings of $1.49 per share, reflecting an increase of 12% compared to the same period last year. Revenues are forecasted to be $2.32 billion, representing a year-over-year increase of 5.3%.The current level reflects a downward revision of 2.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised thei ...

Wall Street expects a year-over-year increase in earnings on higher revenues when IntercontinentalExchange (ICE) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released o ...