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Sep 30, 2022

ICE Q3 2022 Earnings Report

Reported strong third quarter results driven by the 'all weather' nature of the business model.

Key Takeaways

Intercontinental Exchange reported consolidated net loss attributable to ICE was $191 million on $1.8 billion of consolidated revenues. Adjusted net income attributable to ICE was $733 million and adjusted diluted EPS was $1.31.

Consolidated net revenues were $1.8 billion, up 1% year-over-year.

Exchange net revenues of $1.0 billion.

Fixed income and data services revenues of $534 million.

Mortgage technology revenues of $276 million.

Total Revenue
$1.81B
Previous year: $1.8B
+0.5%
EPS
$1.31
Previous year: $1.3
+0.8%
Operating margin
50%
Previous year: 49%
+2.0%
Adjusted operating margin
60%
Previous year: 58%
+3.4%
Gross Profit
$1.3B
Previous year: $1.26B
+3.0%
Cash and Equivalents
$1.18B
Previous year: $618M
+91.4%
Free Cash Flow
$682M
Previous year: $501M
+36.1%
Total Assets
$211B
Previous year: $151B
+40.2%

ICE

ICE

Forward Guidance

ICE will hold a conference call today, November 3, 2022, at 8:30 a.m. ET to review its third quarter 2022 financial results. The conference call for the fourth quarter 2022 earnings has been scheduled for February 2nd, 2023 at 8:30 a.m. ET.