Intercontinental Exchange, Inc. (ICE) Earnings Call Transcripts
Intercontinental Exchange, Inc.'s Latest Earnings Call - Q3 FY2026
In the third quarter of 2026, Intercontinental Exchange (ICE) reported strong financial results, with net revenues of $2.8 billion, up 15% year-over-year, and adjusted earnings per share (EPS) of $2.02, reflecting an 18% increase. The company also announced an expected closure of the Market Access acquisition in Q1 2027, ahead of previous guidance. Management raised guidance for full-year exchange recurring revenue growth to approximately 9%, signaling confidence in continued strong performance in a volatile market environment.
Reported metrics
| Metric | Value |
|---|---|
| Adjusted EPS | $2.02 |
| Net Revenues | $2.8 billion |
| Adjusted Operating Income | $1.7 billion |
| Recurring Revenues | $1.4 billion |
| Adjusted Free Cash Flow | $1.1 billion |
| Capital Expenditures | $226 million |
Guidance from management
Management expects full-year exchange recurring revenue growth of approximately 9%, and fourth quarter adjusted operating expenses to be in the range of $1.82 billion to $1.92 billion, maintaining a focus on investment in product and technology.
What management said
Brian, it's Warren. -- on the geography, if you will. I think that was kind of your question of where you see these show up. So look, I mean, obviously, these will be small to start. I mean they're brand new, so they'll take some time to get off the ground. But as we do that -- as we get them off the ground and then certainly, as they start to become more material, we will certainly highlight those for you guys and b...
What analysts pressed on
Analysts expressed concerns regarding the sustainability of growth in the mortgage technology segment, particularly in light of rising interest rates and the impact of resetting contract minimums. There were also questions about how the Market Access acquisition would integrate into ICE's existing operations and the competitive landscape post-acquisition.
Main topics on the call
- Record Earnings and Revenue Growth — ICE achieved its best third quarter in history with adjusted EPS of $2.02, up 18% YoY, and net revenues of $2.8 billion, up 15% YoY. Warren Gardiner stated, "This combination is the engine of the ICE model, steady compou...
- Acquisition of Market Access — Management confirmed that the acquisition of Market Access is expected to close in Q1 2027, ahead of the previously outlined timeline. This acquisition is anticipated to enhance ICE's scale and distribution capabilities ...
- Strong Performance in Exchange Revenues — Exchange net revenue reached a record $1.5 billion, up 22% YoY, driven by a 28% increase in transaction revenues. Gardiner noted, "Every major asset class contributed" to this growth, highlighting the strength across var...
- Guidance Adjustments — Management raised guidance for full-year exchange recurring revenue growth to approximately 9%, reflecting stronger-than-expected performance. This was described as being at the "upper end of the high single-digit range ...
Read the full Intercontinental Exchange, Inc. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Intercontinental Exchange, Inc.
Intercontinental Exchange, Inc. (ICE) is a publicly listed company in the Capital Markets industry, within the Financials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 70 calls on record spanning February 6, 2020 to October 29, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 70 Intercontinental Exchange, Inc. earnings call transcripts on record, spanning February 6, 2020 to October 29, 2026. Based on this history, Intercontinental Exchange, Inc. reports quarterly. The most recent call on file is dated October 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- ICE
- Exchange
- NYSE
- Country
- US
- Sector
- Financials
- Industry
- Capital Markets
- Calls on record
- 70
- First call
- February 6, 2020
- Most recent
- October 29, 2026
- Reporting cadence
- quarterly