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Jun 30, 2024

ICE Q2 2024 Earnings Report

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

Key Takeaways

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.

Total Revenue
$2.76B
Previous year: $1.89B
+46.0%
EPS
$1.52
Previous year: $1.43
+6.3%
Operating margin
46%
Previous year: 51%
-9.8%
Adjusted operating margin
59%
Previous year: 60%
-1.7%
Gross Profit
$1.93B
Previous year: $1.36B
+41.7%
Cash and Equivalents
$2.64B
Previous year: $2.88B
-8.3%
Free Cash Flow
$1.12B
Previous year: $1.11B
+0.8%
Total Assets
$138B
Previous year: $136B
+1.0%

ICE

ICE

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.