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Dec 31, 2023

ICE Q4 2023 Earnings Report

Reported strong Q4 2023 results, marking the 18th consecutive year of record revenues.

Key Takeaways

Intercontinental Exchange reported consolidated net income attributable to ICE of $373 million on $2.2 billion of consolidated revenues for Q4 2023. GAAP diluted earnings per share (EPS) was $0.65, and adjusted diluted EPS was $1.33.

Consolidated net revenues were $2.2 billion, up 25% year-over-year.

Exchange net revenues reached $1.1 billion, a 16% increase year-over-year.

Fixed income and data services revenues amounted to $563 million, up 5% year-over-year.

Mortgage technology revenues were $502 million.

Total Revenue
$2.6B
Previous year: $1.77B
+47.3%
EPS
$1.33
Previous year: $1.25
+6.4%
Operating margin
42%
Previous year: 49%
-14.3%
Adjusted operating margin
57%
Previous year: 58%
-1.7%
Gross Profit
$1.5B
Previous year: $1.25B
+20.4%
Cash and Equivalents
$1.43B
Previous year: $1.8B
-20.5%
Free Cash Flow
$883M
Previous year: $992M
-11.0%
Total Assets
$136B
Previous year: $194B
-30.0%

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