Summary
Intercontinental Exchange, Inc. (ICE) announced a significant realignment of its reporting structure, effective for the quarter ending December 31, 2020. This change follows the acquisition of Ellie Mae, Inc. and other internal organizational adjustments. The company will now report under three operating segments: Exchanges, Fixed Income & Data Services, and Mortgage Technology, shifting from its previous two-segment structure of Trading & Clearing and Data & Listings. To aid investors in understanding the impact of this realignment and the integration of acquired businesses, ICE has provided pro forma historical financial and operational information. This supplemental data, available on the Investor Relations section of ICE's website, covers periods from January 1, 2018, through the nine months ended September 30, 2020. This initiative aims to offer a clearer comparative basis for evaluating ICE's performance under the new segment structure.
Key Highlights
- 1ICE is restructuring its reporting segments from two to three, effective Q4 2020.
- 2The new segments are Exchanges, Fixed Income & Data Services, and Mortgage Technology.
- 3This realignment is a direct consequence of the Ellie Mae acquisition and other organizational changes.
- 4Previously reported consolidated results remain unchanged by this segment reporting adjustment.
- 5ICE has published pro forma historical financial and operational data on its website to facilitate comparisons.
- 6The pro forma data covers periods from January 1, 2018, reflecting the new segment structure and hypothetical ownership of acquired entities since that date.
- 7This disclosure is furnished under Regulation FD and is not deemed 'filed' for certain SEC purposes.