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Dec 31, 2024
ICE Q4 2024 Earnings Report
Key Takeaways
Intercontinental Exchange (ICE) reported strong Q4 2024 results with revenue of $2.3 billion, a 6% year-over-year increase. GAAP EPS was $1.21, while adjusted EPS came in at $1.52. Net income reached $698 million, and operating income was $1.1 billion, with an adjusted operating margin of 58%.
Revenue by Segment
Forward Guidance
ICE expects moderate growth across its business segments in 2025, with a focus on expanding recurring revenue streams and operational efficiency.
Positive Outlook
- Expecting continued revenue growth in all business segments.
- Plan to resume share repurchases in Q1 2025.
- Maintaining strong adjusted operating margins.
- Anticipating capital expenditures of $730M - $780M.
- Low to mid-single-digit growth expected in mortgage technology revenue.
Challenges Ahead
- Projected increase in operating expenses for 2025.
- Expected higher non-operating expenses due to interest costs.
- Potential regulatory challenges in certain market segments.
- Growth in fixed income and data services expected to be mid-single digits, lower than other segments.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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