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Sep 30, 2024

ICE Q3 2024 Earnings Report

Reported strong revenue and EPS growth driven by mission-critical data and technology.

Key Takeaways

Intercontinental Exchange reported a consolidated net income of $657 million on $2.3 billion in consolidated revenues for Q3 2024. Adjusted net income was $894 million, with adjusted diluted EPS at $1.55.

Third quarter consolidated net revenues were $2.3 billion.

Exchange net revenues reached $1.3 billion.

Fixed income and data services revenues totaled $586 million.

Mortgage technology revenues amounted to $509 million.

Total Revenue
$2.8B
Previous year: $2B
+39.8%
EPS
$1.55
Previous year: $1.46
+6.2%
Operating Margin
47%
Previous year: 42%
+11.9%
Adjusted Operating Margin
59%
Previous year: 59%
+0.0%
Gross Profit
$1.65B
Previous year: $1.42B
+16.3%
Cash and Equivalents
$2.5B
Previous year: $2.04B
+22.6%
Free Cash Flow
$819M
Previous year: $725M
+13.0%
Total Assets
$135B
Previous year: $137B
-1.3%

ICE

ICE

ICE Revenue by Segment

Forward Guidance

ICE will hold a conference call today, October 31, 2024, at 8:30 a.m. ET to review its third quarter 2024 financial results. The conference call for the fourth quarter 2024 earnings has been scheduled for February 6th, 2025 at 8:30 a.m. ET.