NYSE$ICE

Intercontinental Exchange Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported strong results with revenue growth and strategic acquisition of Ellie Mae completed.

Intercontinental Exchange reported a 6% year-over-year increase in third-quarter revenues, reaching $1.4 billion. The acquisition of Ellie Mae contributed $75 million to the revenue. Adjusted EPS was $1.03, and the data services business grew by 6% year-over-year.

  • Third quarter revenues increased by 6% year-over-year to $1.4 billion.
  • GAAP EPS for the third quarter was $0.71, a decrease of 24% year-over-year.
  • Adjusted EPS for the third quarter was $1.03, a decrease of 3% year-over-year.
  • Completed the acquisition of Ellie Mae on September 4, 2020, which contributed $75 million to revenues.

Headline financials

Total Revenue

$1.93B

Previous: $1.66B+16.1%
EPS (adj)

$1.03

Previous: $1.06-2.8%
Operating Margin

44.0%

No prior period
Adjusted Operating Margin

57.0%

No prior period
Capital Expenditures

-$114M

Previous: -$87M-31.0%
Free Cash Flow

$276M

Previous: $442M-37.6%
Net Income

$390M

Previous: $529M-26.3%
Operating Income

$627M

Previous: $706M-11.2%
Gross Profit

$1.41B

Previous: $949M+48.7%
Cash & Equivalents

$610M

Previous: $655M-6.9%
Total Assets

$128B

Previous: $95.3B+34.3%
Stock-Based Comp

$32M

Previous: $36M-11.1%

Revenue & EPS history

ICE · Revenue · Quarterly

$1.93B

Q3 2020+16.1%vs Q3 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

ICE · $711M total across 1 segment · Q3 2020

  • Exchanges
    $711M+6.0%

Forward guidance

The company remains focused on creating value for all stakeholders as they look towards the balance of 2020 and another successful year in 2021.

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 Q3 2020

Historical avgQ3 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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