NYSE$ICE

Intercontinental Exchange Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported strong revenue and earnings per share growth amidst an uncertain macro environment.

Intercontinental Exchange reported a consolidated net income attributable to ICE of $799 million on $1.9 billion of consolidated revenues for Q2 2023. Adjusted net income attributable to ICE was $802 million and adjusted diluted EPS was $1.43. The company is focused on strategically investing in future growth and creating value for its stockholders.

  • Consolidated net revenues were $1.9 billion.
  • Exchange net revenues reached $1.1 billion.
  • Fixed income and data services revenues totaled $546 million.
  • Mortgage technology revenues amounted to $249 million.

Headline financials

Total Revenue

$2.34B

Previous: $2.41B-3.2%
EPS (adj)

$1.43

Previous: $1.32+8.3%
Operating Margin

51.0%

Previous: 48.0%+6.3%
Adjusted Operating Margin

60.0%

Previous: 59.0%+1.7%
Capital Expenditures

-$61M

Previous: -$70M+12.9%
Free Cash Flow

$738M

Previous: $485M+52.2%
Net Income

$799M

Previous: $555M+44.0%
Operating Income

$955M

Previous: $869M+9.9%
Gross Profit

$1.36B

Previous: $1.29B+5.7%
Cash & Equivalents

$2.88B

Previous: $830M+246.6%
Total Assets

$136B

Previous: $215B-36.7%
Stock-Based Comp

$45M

Previous: $38M+18.4%

Revenue & EPS history

ICE · Revenue · Quarterly

$2.34B

Q2 2023-3.2%vs Q2 2022
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

ICE · $1.35B total across 2 segments · Q2 2023

  • Exchanges
    $1.1B+10.0%
  • Mortgage Technology
    $249M-16.2%

Forward guidance

The company is focused on strategically investing in future growth and creating value for its stockholders.

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 2023

Historical avgQ2 2023

+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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