NYSE$ICE

Intercontinental Exchange Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported strong results driven by customer access to networks for risk management and workflow efficiencies.

Intercontinental Exchange reported consolidated net income of $632 million on revenues of $2.3 billion for the second quarter of 2024. Adjusted net income was $876 million, with GAAP EPS at $1.10 and adjusted EPS at $1.52.

  • Second quarter consolidated net revenues were $2.3 billion.
  • Exchange net revenues reached $1.2 billion.
  • Fixed income and data services revenues totaled $565 million.
  • Mortgage technology revenues amounted to $506 million.

Headline financials

Total Revenue

$2.9B

Previous: $2.34B+24.0%
EPS

$1.10

Previous: $1.43-23.1%
Operating Margin

46.0%

Previous: 51.0%-9.8%
Adjusted Operating Margin

59.0%

Previous: 60.0%-1.7%
Adjusted Net Income

$876M

No prior period
Capital Expenditures

-$133M

Previous: -$61M-118.0%
Free Cash Flow

$499M

Previous: $738M-32.4%
Net Income

$632M

Previous: $799M-20.9%
Operating Income

$1.07B

Previous: $955M+11.6%
Cash & Equivalents

$885M

Previous: $2.88B-69.2%
Total Assets

$138B

Previous: $136B+1.0%
Stock-Based Comp

$57M

Previous: $45M+26.7%

Revenue & EPS history

ICE · Revenue · Quarterly

$2.9B

Q2 2024+24%vs Q2 2023
Beat estimate in 15 of 15 quarters(100%)
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 expects to continue investing in opportunities to drive future growth and create value for stockholders in the second half of the year.

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 2024

Historical avgQ2 2024

+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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