NYSE$ICE

Intercontinental Exchange Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong second quarter results with revenue and operating profit growth.

Intercontinental Exchange reported a strong second quarter in 2022, with net revenues of $1.8 billion, a 6% increase year-over-year. GAAP diluted EPS was $0.99, while adjusted diluted EPS was $1.32, a 14% increase year-over-year. The company's operating income was $869 million, with an adjusted operating income of $1.1 billion.

  • Net revenues for Q2 2022 were $1.8 billion, up 6% year-over-year.
  • GAAP diluted EPS for Q2 2022 was $0.99, down 55% year-over-year.
  • Adjusted diluted EPS for Q2 2022 was $1.32, up 14% year-over-year.
  • Operating income for Q2 2022 was $869 million, up 9% year-over-year, with an adjusted operating income of $1.1 billion, up 12% year-over-year.

Headline financials

Total Revenue

$2.41B

Previous: $2.13B+13.1%
EPS (adj)

$1.32

Previous: $1.16+13.8%
Operating Margin

48.0%

Previous: 47.0%+2.1%
Adjusted Operating Margin

59.0%

Previous: 56.0%+5.4%
Capital Expenditures

-$70M

Previous: -$95M+26.3%
Free Cash Flow

$485M

Previous: $1.16B-58.1%
Net Income

$555M

Previous: $1.25B-55.7%
Operating Income

$869M

Previous: $799M+8.8%
Gross Profit

$1.29B

Previous: $1.18B+9.6%
Cash & Equivalents

$830M

Previous: $602M+37.9%
Total Assets

$215B

Previous: $134B+60.4%
Stock-Based Comp

$38M

Previous: $37M+2.7%

Revenue & EPS history

ICE · Revenue · Quarterly

$2.41B

Q2 2022+13.1%vs Q2 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

ICE · $1.3B total across 2 segments · Q2 2022

  • Exchanges
    $1B+10.0%
  • Mortgage Technology
    $297M-12.6%

Forward guidance

The company remains focused on connecting customers to data and technology and extending its track record of growth.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+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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