•
Sep 30, 2023

ICE Q3 2023 Earnings Report

Reported strong revenue and earnings per share growth, driven by robust trading results and recurring revenues.

Key Takeaways

Intercontinental Exchange reported a consolidated net income of $541 million on $2.0 billion of consolidated revenues for Q3 2023. The company's performance was driven by robust trading results and compounding growth in recurring revenues, further enhanced by the acquisition of Black Knight.

Consolidated net income attributable to ICE was $541 million.

GAAP diluted earnings per share was $0.96.

Adjusted net income attributable to ICE was $824 million.

Adjusted diluted EPS was $1.46.

Total Revenue
$2B
Previous year: $1.81B
+10.6%
EPS
$1.46
Previous year: $1.31
+11.5%
Operating margin
42%
Previous year: 50%
-16.0%
Adjusted operating margin
59%
Previous year: 60%
-1.7%
Gross Profit
$1.42B
Previous year: $1.3B
+9.3%
Cash and Equivalents
$2.04B
Previous year: $1.18B
+72.3%
Free Cash Flow
$725M
Previous year: $682M
+6.3%
Total Assets
$137B
Previous year: $211B
-35.2%

ICE

ICE

Forward Guidance

The company is focused on driving innovation, delivering workflow efficiencies, and delivering value to its stockholders.