NYSE$ICE

Intercontinental Exchange Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported strong revenue growth and double digit earnings per share growth.

Intercontinental Exchange reported consolidated net income of $523 million on $1.4 billion of consolidated revenues for the quarter ended June 30, 2020. Second quarter GAAP diluted earnings per share were $0.95. Adjusted diluted EPS were $1.07.

  • Second quarter consolidated net revenues were $1.4 billion, up 8% year-over-year.
  • Data and listings revenues in the second quarter were $685 million and trading and clearing net revenues were $710 million.
  • Consolidated operating income for the second quarter was $744 million and the operating margin was 53%.
  • On an adjusted basis, consolidated operating income for the second quarter was $820 million and the adjusted operating margin was 59%.

Headline financials

Total Revenue

$1.97B

Previous: $1.63B+20.3%
EPS (adj)

$1.07

Previous: $0.94+13.8%
Operating Margin

53.0%

No prior period
Adjusted Operating Margin

59.0%

No prior period
Capital Expenditures

-$48M

Previous: -$57M+15.8%
Free Cash Flow

$475M

Previous: $415M+14.5%
Net Income

$523M

Previous: $472M+10.8%
Operating Income

$744M

Previous: $680M+9.4%
Gross Profit

$996M

Previous: $926M+7.6%
Cash & Equivalents

$880M

Previous: $837M+5.1%
Total Assets

$124B

Previous: $90.9B+36.4%
Stock-Based Comp

$32M

Previous: $35M-8.6%

Revenue & EPS history

ICE · Revenue · Quarterly

$1.97B

Q2 2020+20.3%vs Q2 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

ICE · $1.43B total across 2 segments · Q3 2023

  • Exchanges
    $1.1B+10.0%
  • Mortgage Technology
    $330M+19.6%

Forward guidance

The company is well positioned to achieve their growth objectives and are investing to strengthen their foundation for continued growth in the future.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.1%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+2.7%

Avg return

30 days after

49%

32 / 65 earnings

Positive

+6.4%

Q4 2014

Best reaction

-10.2%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.8%-0.6%-5.4%
Q4 2025+2.1%-0.0%+0.8%
Q3 2025-1.4%-2.4%+4.4%
Q2 2025-0.5%+0.9%-4.9%
Q1 2025+1.7%+4.3%+7.0%
Q4 2024+4.3%+3.9%+5.9%
Q3 2024-7.1%-5.2%-3.3%
Q2 2024-1.1%-0.7%+6.6%
Q1 2024+1.4%+3.9%+4.1%
Q4 2023+5.8%+4.9%+8.3%
Q3 2023-0.3%-0.0%+5.5%
Q2 2023-0.9%-0.1%+1.7%
Q1 2023+3.3%+1.3%+3.0%
Q4 2022-1.2%+0.3%-6.0%
Q3 2022+4.3%+7.3%+17.9%
Q2 2022+1.9%+1.8%-1.7%
Q1 2022-9.1%-12.2%-8.1%
Q4 2021+0.6%-1.1%+5.2%
Q3 2021+4.1%+4.4%-2.5%
Q2 2021-1.2%-1.8%-2.4%
Q1 2021-1.1%-3.8%-5.2%
Q4 2020-1.0%-1.8%-0.3%
Q3 2020+0.7%+2.4%+12.0%
Q2 2020+2.6%+1.6%+11.9%
Q1 2020-2.2%+2.5%+7.2%
Q4 2019-0.3%+2.0%+1.2%
Q3 2019-0.3%-4.0%+1.1%
Q2 2019+2.9%+3.1%+6.4%
Q1 2019-1.2%-0.8%+1.9%
Q4 2018-1.6%-1.6%-6.3%
Q3 2018+3.8%+7.0%+11.8%
Q2 2018-1.2%+0.1%+3.5%
Q1 2018-2.9%-3.2%-0.4%
Q4 2017-7.3%-5.1%+4.8%
Q3 2017+0.0%-1.0%+8.8%
Q2 2017-3.3%-3.7%-2.9%
Q1 2017+0.4%-2.5%-0.5%
Q4 2016-2.5%-1.5%+2.6%
Q3 2016-1.9%-1.3%+4.2%
Q2 2016+5.5%+4.9%+8.1%
Q1 2016+5.4%
Q4 2015-10.2%
Q3 2015+2.4%
Q2 2015+2.8%
Q1 2015+0.3%
Q4 2014+6.4%
Q3 2014+3.6%
Q2 2014-0.4%
Q1 2014-6.7%
Q4 2011+0.0%
Q4 2013+2.5%
Q3 2013+3.1%
Q2 2013-0.4%
Q1 2013+5.3%
Q4 2012+3.8%
Q3 2012+2.8%
Q2 2012-1.9%
Q1 2012-1.4%
Q3 2011-3.7%
Q2 2011+2.3%
Q1 2011-4.2%
Q4 2010-0.3%
Q3 2010+1.2%
Q2 2010-1.1%
Q1 2010+2.1%

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