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Jun 30, 2020

ICE Q2 2020 Earnings Report

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

Key Takeaways

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%.

Total Revenue
$1.4B
Previous year: $1.3B
+7.5%
EPS
$1.07
Previous year: $0.94
+13.8%
Operating margin
53%
Adjusted operating margin
59%
Gross Profit
$996M
Previous year: $926M
+7.6%
Cash and Equivalents
$880M
Previous year: $837M
+5.1%
Free Cash Flow
$825M
Previous year: $697M
+18.4%
Total Assets
$124B
Previous year: $90.9B
+36.4%

ICE

ICE

ICE Revenue by Segment

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.

Revenue & Expenses

Visualization of income flow from segment revenue to net income