Financial Data and Key Metrics Changes - ICE reported record adjusted earnings per share of $6.95 for 2025, a 14% increase year-over-year, marking the best performance in the company's history [5] - Full year net revenues reached a record $9.9 billion, up 6% year-over-year, with 5% growth in recurring revenues and 8% growth in transaction revenues [6] - Adjusted operating income was $6 billion, up 9% year-over-year, demonstrating the quality and scalability of the business model [8] - Adjusted free cash flow was $4.2 billion, with $1.3 billion used for stock repurchases and a 6% increase in dividends [9] Business Line Data and Key Metrics Changes - The exchange segment achieved record fourth quarter net revenues of $1.4 billion, up 9% year-over-year, with transaction revenues growing 8% [10] - Fixed income data and services segment revenues totaled $608 million in Q4, with recurring revenues reaching a record $507 million, growing 7% year-over-year [13] - Mortgage technology revenues totaled $532 million in Q4, up 5% year-over-year, with transaction revenues increasing by 20% [15] Market Data and Key Metrics Changes - The global derivatives market saw 2.3 billion futures and options contracts traded in 2025, surpassing the previous record by 13% [21] - Average daily volumes in the energy complex increased by 27% year-over-year in January 2026, indicating strong momentum [22] - Open interest in Brent crude oil increased by 35% at the start of 2026, reflecting heightened market activity [61] Company Strategy and Development Direction - ICE is focusing on integrating new technologies, including AI and blockchain, to modernize its mortgage technology stack and enhance operational efficiencies [49][50] - The company is developing a tokenized securities platform for NYSE, aiming to improve capital efficiencies while maintaining regulatory compliance [38][39] - ICE plans to expand its data center footprint and invest in AI infrastructure to meet growing customer demand and drive future productivity [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver profitable growth and shareholder value creation in 2026, supported by a diversified business model and operational discipline [19] - The macro environment remains dynamic, with geopolitical tensions and regulatory changes influencing market conditions, but ICE's infrastructure is positioned to perform through cycles [37] - The mortgage market is showing signs of improvement, with a rebound in refinancing activity expected to drive demand trends beyond 2026 [46][49] Other Important Information - The company exceeded its synergy targets from the Black Knight acquisition, with annualized expense synergies reaching approximately $230 million [7] - ICE's NYSE listings business facilitated $25 billion in new IPO capital formation in 2025, welcoming 71 new operating companies [12] Q&A Session Summary Question: Update on the mortgage technology outlook and demand trends - Management indicated that the mortgage market is improving, with approximately 4 million loans currently in the money to refinance, which could increase significantly with further rate decreases [46][47] - There are ongoing initiatives to modernize the mortgage technology stack, including AI tools to improve efficiency in Encompass and MSP [49][50] Question: Concerns about AI disruption in data and analytics businesses - Management highlighted the proprietary nature of their data and the importance of being a trusted source, which provides a competitive moat against potential AI disruptions [53][54] Question: Outlook for the futures business and sustainability of recent growth - Management noted that geopolitical issues and evolving market dynamics are driving strong growth in the energy business, with Brent and crude oil volumes up significantly [61][62]

Financial Data and Key Metrics Changes - ICE reported record adjusted earnings per share of $6.95 for 2025, a 14% increase year-over-year, marking the best performance in the company's history [5] - Full year net revenues reached a record $9.9 billion, up 6% year-over-year, with 5% growth in recurring revenues and 8% growth in transaction revenues [6] - Adjusted operating income was $6 billion, up 9% year-over-year, demonstrating the quality and scalability of the business model [8] - Adjusted free cash flow for the year was $4.2 billion, with $1.3 billion used for stock repurchases and a 6% increase in dividends [9] Business Line Data and Key Metrics Changes - The exchange segment achieved record fourth quarter net revenues of $1.4 billion, up 9% year-over-year, with transaction revenues growing 8% [10] - Fixed income data and services segment revenues totaled $608 million in the fourth quarter, with recurring revenues reaching a record $507 million, growing 7% year-over-year [13] - Mortgage technology revenues totaled $532 million in the fourth quarter, up 5% year-over-year, with transaction revenues increasing by 20% [15] Market Data and Key Metrics Changes - The global derivatives markets saw 2.3 billion futures and options contracts traded in 2025, surpassing the prior record by 13% [21] - Average daily volumes in the energy complex increased by 27% year-over-year in January 2026, indicating strong momentum [22] - Open interest in Brent crude oil was up 35% at the start of 2026, reflecting strong demand and market activity [61] Company Strategy and Development Direction - ICE is focusing on integrating new technologies, including AI and blockchain, to modernize its mortgage technology stack and improve operational efficiencies [49][50] - The company is developing a tokenized securities platform for NYSE, aiming to enhance capital efficiencies while maintaining regulatory compliance [38][39] - ICE plans to expand its data center footprint and invest in AI infrastructure to meet growing customer demand and drive future productivity [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver profitable growth and shareholder value creation in 2026, supported by a diversified business model and operational discipline [19] - The macro environment remains dynamic, with geopolitical tensions and regulatory changes influencing market conditions, but ICE's infrastructure is positioned to perform through these cycles [37] - The mortgage market is showing signs of improvement, with a rebound in refinancing activity expected to influence demand trends positively [46][49] Other Important Information - The company exceeded its synergy targets from the Black Knight acquisition, with annualized expense synergies reaching approximately $230 million [7] - ICE's NYSE listings business facilitated $25 billion in new IPO capital formation in 2025, welcoming 71 new operating companies [12] Q&A Session Summary Question: Update on the mortgage technology outlook and demand trends - Management indicated that the mortgage market is improving, with approximately 4 million loans currently in the money to refinance, which could increase significantly with further rate decreases [46][47] - The company is leveraging AI to modernize its mortgage technology stack, enhancing efficiency and reducing costs for clients [49][50] Question: Concerns about AI disruption in data and analytics businesses - Management emphasized the proprietary nature of their data and the unique value it provides, which cannot be easily replicated [53][54] Question: Outlook for the futures business and sustainability of growth - Management noted that geopolitical issues and evolving market dynamics are driving strong demand in the energy sector, with Brent and crude oil volumes showing significant year-over-year increases [61][62]

Financial Data and Key Metrics Changes - In 2025, the company achieved record adjusted earnings per share of $6.95, a 14% increase year-over-year, marking the best performance in its history [4] - Full year net revenues reached a record $9.9 billion, up 6% year-over-year, with 5% growth in recurring revenues and 8% growth in transaction revenues [5] - Adjusted operating income for the year was $6 billion, up 9% year-over-year, demonstrating the scalability of the business model [6] Business Line Data and Key Metrics Changes - The exchange segment reported record fourth quarter net revenues of $1.4 billion, up 9% year-over-year, with transaction revenues growing 8% [9] - The fixed income data and services segment generated fourth quarter revenues of $608 million, including $101 million in transaction revenues, with recurring revenues reaching a record $507 million, growing 7% year-over-year [12] - The mortgage technology segment saw fourth quarter revenues of $532 million, up 5% year-over-year, with transaction revenues increasing by 20% [14] Market Data and Key Metrics Changes - The company reported record average daily volumes of 9.3 million contracts traded in 2025, up 14% year-over-year [20] - The energy complex saw significant growth, with Brent volumes up 11% and WTI up 9% year-over-year [21] - The TTF contract for natural gas started the year up 100% off a strong previous year, reflecting high demand for power and LNG [61] Company Strategy and Development Direction - The company plans to continue investing in technology and infrastructure, including a tokenized securities platform for NYSE, aimed at improving capital efficiencies and broadening access [37][38] - The focus remains on enhancing operational efficiency through AI and automation across various business lines, particularly in mortgage technology [29][49] - The company anticipates recurring revenue growth in the mid-single-digit range for 2026, driven by continued growth in exchange data services and expansion in the listings franchise [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver profitable growth and shareholder value creation, citing a diversified business model and strong operational discipline [19] - The macro environment remains dynamic, with geopolitical tensions and regulatory changes influencing market conditions, but the company is well-positioned to navigate these challenges [36] - The mortgage market is showing signs of improvement, with a rebound in refinancing activity expected to influence demand trends positively [44][46] Other Important Information - The company achieved annualized expense synergies from the Black Knight acquisition at approximately $230 million, exceeding initial targets [6] - Capital expenditures for 2026 are expected to be between $740 million and $790 million, focusing on AI infrastructure and data center expansion [18] Q&A Session Summary Question: Update on the mortgage technology outlook and demand trends - Management indicated that the mortgage market is improving, with approximately 4 million loans currently in the money to refinance, which could increase significantly with minor rate changes [44][45] - The company is actively modernizing its mortgage technology stack, leveraging AI and automation to enhance efficiency and reduce costs [46][49] Question: Concerns about the data and analytics business in light of AI disruption - Management emphasized the proprietary nature of their data and the unique value it provides, which cannot be easily replicated [52][53] Question: Outlook for the futures business and drivers of open interest - The company noted that geopolitical issues and evolving market dynamics are driving increased customer activity and open interest, particularly in the energy sector [58][59]

4Q25 Earnings Supplement February 5, 2026 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 FORM 10-K Or (Mark One) ☐ 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 2025 Results 20th consecutive year of record revenues · 2025 net revenues of $9.9 billion, +7% y/y Jeff Sprecher, ICE Chair & Chief Executive Of icer, said, "As we close out 2025, we are pleased to report our 20th consecutive year of record revenues and continued earnings per share growth, driven by the strength of our diversified 'all- weather' business model and the trust of our global customers. Across our exchanges, fixed income, and mortga ...

RT Bloomberg Opinion (@opinion)ICE is giving itself the ability to arrest almost anyone without a warrant.Harvard Law’s @profnoahfeldman breaks down the legal jargon 🎥 https://t.co/SYHBTIPNCm ...

PROVIDENCE, R.I., Feb. 03, 2026 (GLOBE NEWSWIRE) -- via IBN - Beeline Holdings (NASDAQ: BLNE), a fast-growing digital mortgage platform redefining the path to homeownership, today announced it has entered into an agreement with Stellar Innovations to integrate Beeline’s proprietary BLINKQC quality control solution into the Encompass® loan origination system by ICE Mortgage Technology. The integration is expected to be live within approximately 90 days. Encompass is the most widely used loan origination syst ...

Group 1 - 55% of voters disapprove of how immigration enforcement agencies are enforcing laws in U.S. cities, with 40% strongly disapproving [1] - 80% of voters want ICE and CBP to identify themselves during enforcement, and 86% support body camera requirements for agents [1] - 67% of voters want local officials to cooperate with federal authorities to deport criminal illegal immigrants [1] Group 2 - 63% of voters attribute the economy to Trump over Biden, marking an 11-point increase [1] - 55% of voters say Trump policies have been consistent with campaign promises, and 54% believe Trump has accomplished a lot in his first year; 15 of 22 key Trump policies continue to receive majority support [1] Group 3 - Democrats hold an 8-point lead in the 2026 midterm generic ballot among registered voters, and a 4-point lead among likely voters [1] - 64% of voters want a Democratic transition in Venezuela to be a key priority for the administration [1] - 59% of voters say the U.S. should support Iran regime change [1] - 69% of voters say maintaining NATO is more important than acquiring Greenland [1]

Tokenized Financial Infrastructure - The index provides exposure to companies involved in tokenized financial infrastructure, including stablecoin issuers and tokenization platforms, with top holdings such as Nu Holdings Ltd. and Coinbase Global, Inc. [1] - Tokenized U.S. Treasuries have grown into a multi-billion-dollar market, with nearly US$10 billion issued on-chain, indicating significant potential for long-term growth [2] Regulatory Developments - The Canadian government is introducing new legislation to regulate fiat-backed stablecoins, requiring issuers to maintain adequate reserves and implement risk management frameworks [3] - Stablecorp Digital Currencies Inc. announced that its QCAD digital token is the first Canadian dollar-linked stablecoin to receive regulatory approval, highlighting the shift towards tokenization in financial technology [4] ETF Market Expansion - Harvest Portfolios Group Inc. has expanded its U.S. single-stock ETF lineup with six new funds, employing an active covered call writing strategy and leveraging around 25%, bringing its total to 25 U.S. single-stock ETFs [6][7] - Hamilton Capital Partners Inc. launched two new ETFs, including the HAMILTON CHAMPIONS U.S. Technology Index ETF, which aims to replicate the performance of a specific technology index with top holdings like Alphabet Inc. and Apple Inc. [8] Fund Closures - RPIA is closing its RP Target 2026 Discount Bond Fund, with liquidation expected to occur in an orderly fashion by March 24 [11] - Existing unitholders have the option to switch to another RPIA mutual fund or redeem their units until March 20, with waived short-term trading fees [12]