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ICE · Intercontinental Exchange, Inc.

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$178.51 +0.65 (+0.37%) At close · Nov 13
Market Cap
$99.76B
Shares
558.86M
Volume · Nov 13 2.2M Avg daily vol (3M) 3.15M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$178.51 Open$178.86 Day$178.17–180.30 52W close$122.91–180.59 Avg vol 30d3.3M Short int6.0M · 1.1% of shares · 1.6d Short vol43% Last earningsOct 29, 2026 DataJan 2020–Nov 2026 Filing10-Q · Oct 29

Up next

Feb 4, 2027 Scheduled · in 12 wks

Latest documents

2026
Oct 29
Earnings call
Adjusted EPS rises 18% as market access advances

ICE reported third-quarter adjusted EPS of $2.02, up 18% year-over-year, and net revenues of $2.8 billion, up 15%, while expecting the market access acquisition to close in the first quarter of 2027.

4 source passages
Hello, everyone. Thank you for joining us, and welcome to today's ICE third quarter 2026 earnings conference call and webcast. Third quarter adjusted earnings per Our share were $2.02, up 18% year-over-year, the best third quarter in our history, and the second best quarter we have ever reported, behind only the first quarter of this year. Net revenues of $2.8 billion were up 15% year-over-year. Also, we'll be discussing our recently announced acquisition of market access. last week we received approval from the Department of Justice, and as a result, we now expect the transaction to close in the first quarter of 2027, ahead of the first half timeline we outlined in July. Open the document at this passage
Oct 29
Quarterly report 10-Q FY2026 Q3, ended Sep 30
MarketAxess antitrust cleared; closing expected in first quarter of 2027

ICE’s MarketAxess acquisition satisfied the HSR Act condition effective October 21, 2026. The company expects the merger to close in the first quarter of 2027, subject to remaining customary closing conditions, approvals and other required regulatory approvals.

Revenue $3.63B ▲ 20.7% Net income $940M ▲ 15.2% Diluted EPS $1.67 ▲ 17.6%
Read from the MD&A section
2 source passages
On October 21, 2026, the Department of Justice and the Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, or the HSR Act, effective as of October 21, 2026, satisfying the HSR Act condition in ICE’s acquisition of MarketAxess. Based on the HSR Act approval, ICE now expects the merger to close in the first quarter of 2027. Open the document at this passage
Oct 29
Current report 8-K
Revenue rises 15% as adjusted EPS reaches $2.02

Intercontinental Exchange reported third-quarter 2026 net revenues of $2.8 billion, up 15% y/y, GAAP diluted EPS of $1.67 and adjusted diluted EPS of $2.02. It now expects the MarketAxess merger to close in the first quarter of 2027.

Financial results
4 source passages
Intercontinental Exchange (NYSE: ICE), a leading global provider of technology and data, today reported financial results for the third quarter of 2026. 3Q26 net revenues of $2.8 billion, +15% y/y Third quarter GAAP diluted EPS were $1.67. Adjusted net income attributable to ICE was $1.1 billion in the third quarter and adjusted diluted EPS were $2.02. Based on the HSR Act approval, ICE now expects the merger to close in the first quarter of 2027 ahead of the first-half of 2027 timeline ICE announced in July. Open the document at this passage
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$14.05B
Trailing 12 months
Net income (TTM)
$4.16B
Trailing 12 months
Revenue growth YoY
+20.7%
Year over year
Operating margin
40.6%
Trailing 12 months
P / E (TTM)
24.4
Trailing earnings · reciprocal yield 4.1%
FCF yield
5.3%
TTM · current market cap
Return on invested capital
8.4%
Trailing 12 months
Net cash
−$22.37B
Latest balance sheet
Dividend yield
1.1%
Trailing 12 months
Shares change YoY
-1.9%
Year over year · fewer shares
Price change (1Y)
+16.9%
Trailing year
Short interest
1.1%
Latest settlement · 1.6 days to cover
View all 125 metrics

AI Brief

Q3 FY26 earnings call · Oct 29, 2026
Q3 FY26

TL;DR. ICE delivered its best third quarter ever, with strong revenue, earnings, margins, trading activity, cash returns and higher exchange and fixed income recurring-revenue outlooks; it also expects approximately $270 million of annualized mortgage-technology expense synergies and plans to close MarketAxess in 1Q27. Offsets included higher operating expenses and capital expenditures, a forecast decline in mortgage transaction revenue, and remaining closing conditions and regulatory approvals for MarketAxess.

Bullish
  • + Trading momentum remained strong, with futures and options ADV up 31% and total open interest up 13%.
  • + ICE generated record year-to-date adjusted free cash flow and returned a record $2.5 billion to stockholders.
  • + ICE expects to exit 2026 with approximately $270 million of annualized mortgage-technology expense synergies, above the original target.
Bearish
  • − Fourth-quarter adjusted operating-expense guidance of $1.082 billion to $1.092 billion places full-year adjusted operating expenses at the top end of July's range.
  • − Full-year capital-expenditure guidance increased to approximately $1.050 billion because of a new Atlanta campus and additional data-center and real-estate spending.
  • − Mortgage-technology transaction revenue is expected to decline in 4Q from both 3Q and the prior year.
  • − Third-quarter interest expense increased to $222 million from $192 million in the prior-year quarter.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Buy
SellHoldBuy
Technical Strong Buy Momentum Very Strong Sentiment Bearish Fundamentals Strong Quant / Vol Moderate
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Strong Buy
50 / 200-day cross No cross
Price vs 200-day avg +15%
above
Price vs 50-day avg +11%
above
RSI (14) 68
neutral
MACD trend Positive
52-week position 96%
near high
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Very Strong
1-month return +10%
trailing
6-month return +19%
trailing
YTD return +10%
this year
Relative strength +18%
vs S&P · 6-mo
Sentiment
smart money
Bearish
Trend (MA cross) No cross
50d $160 › 200d $155 — 50d above 200d
Institutional flow Distributing
1,546 of 1,682 funds reported for Sep 30 · net -5.8M sh shares · +146 new
Insider flow Distributing
Net -$366.5K over 90 days · 100% sells
Short interest Rising
1.06% of shares out · ▲ +1.1% MoM · 1.6 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
1,682 holders — mid 3-yr range
Squeeze score 48
elevated · 0–100
Fundamentals
Strong
Revenue growth −2%
Y/Y
EPS growth +21%
Y/Y
Free cash flow $4.3B
Valuation P/E 24.4
below peers
Buyback $3.6B
remaining
Balance sheet $18.8B
net debt
Quant / Vol
risk profile
Moderate
Volatility 26%
annualized · 1-yr
Max drawdown −30%
past year
ATR 2.3%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the 8-K filed Oct 29, 2026
2026
Exchange Recurring Revenue (% growth) 9%
Fixed Income & Data Services Recurring Revenue (% growth) 8%
Capital Expenditures $1.05B
4Q26
Operating Expenses $1.32B – $1.33B
Operating Expenses $1.08B – $1.09B
Non-Operating Expense $175M – $185M
Non-Operating Expense $170M – $180M
Previous outlook earlier release · from the 8-K filed Jul 30, 2026

Still-open targets the latest release did not restate under the same label.

Operating Expenses · 2026 $5.14B – $5.18B
Operating Expenses · 2026 $4.19B – $4.23B
Prior guidance period ended · from the Earnings Call filed Jul 30, 2026
Adjusted operating expenses · third quarter $1.06B – $1.07B

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Strong Buy
0 · 3 · 4
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+15% Bullish
Price vs 50-day avg
+11% Bullish
RSI (14)
68 Neutral
MACD trend
Positive Bullish
52-week position
96% Bullish
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bearish · 3 of 6
Trend (MA cross) No cross
50d $160 › 200d $155 — 50d above 200d
Institutional flow Distributing
1,546 of 1,682 funds reported for Sep 30 · net -5.8M sh shares · +146 new
Insider flow Distributing
Net -$366.5K over 90 days · 100% sells
Short interest Rising
1.06% of shares out · ▲ +1.1% MoM · 1.6 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
1,682 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $123 Now $179 · 96% Range high $181
vs 200-day avg +15% vs 50-day avg +11%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Adjusted diluted earnings per share attributable to ICE common stockholders non-GAAP $4.25 Six Months Ended June 30, 2026 —
Adjusted free cash flow non-GAAP $2.6B Six Months Ended June 30, 2026 —
Adjusted net income attributable to ICE non-GAAP $2.41B Six Months Ended June 30, 2026 —
Adjusted operating income non-GAAP $3.57B Six Months Ended June 30, 2026 —
Adjusted operating margin non-GAAP 63% Six Months Ended June 30, 2026 —
Average daily volume of contracts traded 10M Three Months Ended June 30, 2026 filing —
Capital returned to stockholders $1.8B Through June 30, 2026 —
Cash equities rate per contract (per 100 shares) $0.04 the three months ended June 30, 2026 filing —
Equity options rate per contract $0.04 the three months ended June 30, 2026 filing —
Free cash flow $2.89B Six Months Ended June 30, 2026 —
Notional value of CDS cleared 6.2T the three months ended June 30, 2026 filing —
Number of contracts traded — Agricultural and metals futures and options 39M the three months ended June 30, 2026 filing —
Number of contracts traded — Energy futures and options 271M the three months ended June 30, 2026 filing —
Number of contracts traded — Financial futures and options 314M the three months ended June 30, 2026 filing —
NYSE cash equities — Total cash handled volume (ADV) 4.1B the three months ended June 30, 2026 filing —
NYSE cash equities — Total cash market share matched 19.9% the three months ended June 30, 2026 filing —
NYSE equity options volume (ADV) 14.11M the three months ended June 30, 2026 filing —
NYSE share of total equity options 21.2% the three months ended June 30, 2026 filing —
Recurring revenues $416M Three Months Ended June 30, 2026 filing —
Share repurchases $1.2B Through June 30, 2026 —
Shares repurchased 4.4M the three months ended June 30, 2026 filing —
Total number of contracts traded 624M Three Months Ended June 30, 2026 filing —
Transaction revenues, net $1.05B Three Months Ended June 30, 2026 filing —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Financial Data & Stock Exchanges — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
ICE
Intercontinental Exchange, Inc.
this stock
$99.76B +10.2% -2.1% 24.4 1.1%
SPGI
S&P Global Inc.
$137.29B — +7.1% 29.7 1.5%
CME
Cme Group Inc.
$113.81B +16.4% +6.4% 26.1 1.5%
MCO
Moodys Corp
$87.61B -0.5% +16.6% 31.0 1.8%
LSEGY
London Stock Exchange Group plc
$61.88B +5.8% — — 0.0%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Reducing
Holders
1,744
% held
92.9%
Reported
1,546 of 1,682
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
1,026
View
Short & Settlement
Short Interest Rising
Shares short
6.0M
Days to cover
1.6d
Change
+64.8K sh
View
Short Volume
Short vol %
43%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
349
Value
$54.2K
As of
Oct 9, 2026
View
Off-Exchange
Off-exchange %
46.3%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$366.5K
Buyers / Sellers
0 / 1
Buyers Sellers
View
Congressional Trades Sell
Member
Richard Dean McCormick
Amount
$1.0K–$15.0K
Traded
Jul 30, 2026
View
Financials
Financials
Revenue (FY)
$12.6B
Net income (FY)
$3.3B
EPS diluted
$5.77
View
Buybacks
Authorized
$4.0B
Remaining
$3.6B
Spent Remaining
View
Filings
SEC Filings
Latest
8-K
Filed
Oct 29, 2026
This year
22

Intercontinental Exchange reported third-quarter 2026 net revenues of $2.8 billion, up 15% y/y, GAAP diluted EPS of $1.67 and adjusted diluted EPS of $2.02. It now expects the MarketAxess merger to close in the first quarter of 2027.

View
Proposed Sales
Value
$753.4K
Shares
4.3K
Filed
Nov 12, 2026
View
Earnings & Events
Webcasts Upcoming
Next webcast
Nov 17, 2026
Last webcast
Oct 29, 2026
View
Investor Relations
Latest news
NYSE to Commence Delisting Procee…
Published
Nov 13, 2026
Upcoming events
3
View

Performance

5D 20D 120D MTD YTD
ICE +3.6% +10.5% +18.5% +5.7% +10.2%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY +1.0% +11.7% +18.0% +5.9% -0.4%

Capital returns

Latest dividend
$0.52 / share · ex Sep 16, 2026
Declared · upcoming
$0.52 / share · ex Dec 16, 2026
Raised 8.3%
Paid (TTM)
$2.04 / share · 4 payouts
Dividend yield (TTM, derived)
1.14%
Full dividend history
Buyback program · as of Sep 30, 2026
Authorized
$4.00B
Spent (derived)
$400.00M
Remaining
$3.60B
Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1571949 CUSIP 45866F104 13F (30d) 1331 filings 1252 filers Visit website Investor relations