Key Takeaways ICE's top line is poised to improve on strength in global data services, index business, and pricing data. ICE expects low-to-mid single-digit 2025 Mortgage Technology revenue growth. ICE faces elevated expenses and leverage pressures, but gains from solid balance sheet and dividend growth. Intercontinental Exchange Inc. (ICE) has been trading above its 50-day simple moving average (SMA), signaling a short-term bullish trend. Its share price, as of Dec. 18, 2025, was $160.07, down 15.4% from i ...

Core Insights - IntercontinentalExchange (ICE) reported a revenue of $2.54 billion for the quarter ended June 2025, reflecting a year-over-year increase of 9.8% and surpassing the Zacks Consensus Estimate by 0.71% [1] - Earnings per share (EPS) for the same quarter was $1.81, up from $1.52 in the previous year, exceeding the consensus EPS estimate by 2.26% [1] Revenue Breakdown - Mortgage Technology Segment generated $531 million, slightly below the average estimate of $535.23 million, marking a year-over-year increase of 4.9% [4] - Exchanges Segment (less transaction-based) reported revenues of $1.1 billion, significantly lower than the estimated $1.39 billion, representing a decline of 12% year-over-year [4] - Fixed Income and Data Services Segment achieved $597 million, slightly above the average estimate of $595.14 million, with a year-over-year growth of 5.7% [4] - Fixed Income Execution within the Fixed Income and Data Services Segment reported $32 million, close to the estimate of $32.93 million, reflecting a year-over-year increase of 6.7% [4] - Mortgage Technology Segment's Servicing Software generated $220 million, below the estimate of $225.01 million, with a year-over-year growth of 3.8% [4] - Data and Analytics within the Mortgage Technology Segment reported $66 million, slightly below the estimate of $67.43 million, with a year-over-year increase of 6.5% [4] - Closing Solutions in the Mortgage Technology Segment achieved $58 million, exceeding the estimate of $52.42 million, representing an 11.5% year-over-year increase [4] - Origination Technology within the Mortgage Technology Segment reported $187 million, slightly above the estimate of $185.57 million, with a year-over-year growth of 3.9% [4] - Energy revenues in the Exchanges Segment reached $595 million, surpassing the estimate of $580.18 million, with a significant year-over-year increase of 26.9% [4] - Agricultural and Metals revenues in the Exchanges Segment were $65 million, slightly above the estimate of $64.74 million, reflecting a year-over-year decline of 8.5% [4] - Financials in the Exchanges Segment reported $158 million, exceeding the estimate of $156.72 million, with a year-over-year increase of 19.7% [4] - Cash Equities and Equity Options in the Exchanges Segment achieved $123 million, above the estimate of $119.39 million, representing a year-over-year increase of 10.8% [4] Stock Performance - ICE shares have returned +2.2% over the past month, compared to a +2.7% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Insights - IntercontinentalExchange (ICE) reported revenue of $2.47 billion for Q1 2025, an 8% year-over-year increase, with EPS of $1.72 compared to $1.48 a year ago, exceeding Zacks Consensus Estimates for both revenue and EPS [1] Revenue Performance by Segment - Mortgage Technology Segment: Revenue of $510 million, slightly below the estimated $512.49 million, representing a 2.2% year-over-year increase [4] - Exchanges Segment (less transaction-based): Revenue of $1.37 billion, exceeding the estimated $1.35 billion, with an 11.8% year-over-year increase [4] - Fixed Income and Data Services Segment: Revenue of $596 million, slightly below the estimated $602.82 million, reflecting a 4.9% year-over-year increase [4] - Exchanges Segment - Data and Connectivity Services: Revenue of $246 million, above the estimated $242.38 million, with a 4.7% year-over-year increase [4] - Exchanges Segment - Energy: Revenue of $557 million, exceeding the estimated $543.91 million, showing a significant 21.9% year-over-year increase [4] - Exchanges Segment - Ags and Metals: Revenue of $64 million, below the estimated $65.19 million, representing an 11.1% year-over-year decrease [4] - Exchanges Segment - Financials: Revenue of $156 million, above the estimated $149.41 million, with a 15.6% year-over-year increase [4] - Exchanges Segment - Cash Equities and Equity Options: Revenue of $119 million, exceeding the estimated $114.55 million, reflecting a 20.2% year-over-year increase [4] - Exchanges Segment - OTC and Other: Revenue of $103 million, slightly below the estimated $104.75 million, with no year-over-year change [4] - Mortgage Technology Segment - Servicing Software: Revenue of $221 million, above the estimated $212.02 million [4] - Exchanges Segment - Listings: Revenue of $122 million, slightly below the estimated $122.55 million, with no year-over-year change [4] - Fixed Income and Data Services Segment - Fixed Income Execution: Revenue of $31 million, slightly below the estimated $31.11 million, reflecting a 19.2% year-over-year increase [4] Stock Performance - ICE shares have returned -1.5% over the past month, compared to the Zacks S&P 500 composite's -0.7% change, with a Zacks Rank 2 (Buy), indicating potential outperformance in the near term [3]