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10-QPeriod: Q3 FY2025

Intercontinental Exchange, Inc. Quarterly Report for Q3 Ended Sep 30, 2025

Filed October 30, 2025For Securities:ICE

Summary

Intercontinental Exchange, Inc. (ICE) reported a solid third quarter for 2025, with revenues, less transaction-based expenses, increasing by 7% year-over-year to $7.43 billion for the nine months ended September 29, 2025. Net income attributable to ICE common stockholders also saw a significant jump of 20% to $2.46 billion for the same period. The company demonstrated strong operational execution, with operating income growing 14% year-over-year to $3.69 billion. This performance was driven by robust growth across its Exchanges and Fixed Income and Data Services segments, while the Mortgage Technology segment showed continued improvement in profitability. The company's balance sheet remains strong, with total assets growing to $140.9 billion. ICE continued its commitment to returning capital to shareholders through dividends and share repurchases, with $894 million in stock repurchases during the nine-month period. The company also highlighted its proactive approach to managing market risks and regulatory environments, ensuring operational resilience amidst global economic uncertainties.

Financial Highlights

52 data points
Beta

Revenue

$3.01B

Net Income

$816.00M

0.3% Net Margin

EPS (Diluted)

$1.42

Total Assets

$140.90B

Cash & Equivalents

$850.00M

Free Cash Flow

$853.00M

Financial Statements
Beta
Revenue$3.01B
SG&A Expenses$77.00M
Operating Expenses$1.24B
Operating Income$1.17B
Net Income$816.00M
EPS (Basic)$1.43
EPS (Diluted)$1.42
Shares Outstanding (Basic)572.00M
Shares Outstanding (Diluted)574.00M

Key Highlights

  • 1Total revenues, less transaction-based expenses, grew 7% year-over-year to $7.43 billion for the nine months ended September 29, 2025.
  • 2Net income attributable to ICE common stockholders increased 20% to $2.46 billion for the nine months ended September 29, 2025.
  • 3Operating income rose 14% year-over-year to $3.69 billion for the nine months ended September 29, 2025.
  • 4The Exchanges segment saw an 11% increase in revenue, less transaction-based expenses, driven by energy and cash equities trading.
  • 5Fixed Income and Data Services segment revenue increased 5%, reflecting strength in data and analytics products.
  • 6The company repurchased $894 million of its common stock during the nine months ended September 29, 2025.
  • 7Total assets stood at $140.9 billion as of September 30, 2025, indicating a healthy financial position.

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