Intercontinental Exchange Inc Stock Price, News & Analysis

ICE's May 2025 Mortgage Monitor Report reveals that first-time homebuyers (FTHBs) reached a record 58% share of agency purchase lending in Q1 2025. Gen Z buyers represented 25% of FTHB mortgage originations, with higher participation in affordable markets like Indiana, South Dakota, and Kentucky. The report highlights that while repeat-buyer activity declined 31% compared to 2018-2019, FTHB volume dropped only 19%. FTHBs are increasingly turning to FHA loans, with average down payments of $49K, significantly lower than repeat buyers' $134K average. The data shows that FTHBs tend to have slower prepayment speeds and higher default rates. Purchase loans dominated agency lending, accounting for 82% in 2023 and nearly 75% in Q1 2025.

Intercontinental Exchange (NYSE:ICE) reported exceptional trading volumes for April 2025, achieving multiple records across its key business segments. The company saw a 44% year-over-year increase in total average daily volume (ADV), with record futures reaching 54.3M lots on April 29.

Notable achievements include record Energy ADV up 41% with strong performance in oil markets, particularly Brent (up 41%) and WTI (up 69%). The Financials segment posted record ADV growth of 57%, driven by robust Interest Rates trading, with Euribor and SONIA hitting new highs. NYSE Cash Equities ADV surged 66% while Equity Options ADV increased 10% year-over-year.

Intercontinental Exchange (NYSE: ICE) has declared a quarterly dividend of $0.48 per share for Q2 2025, representing a 7% increase from the $0.45 per share paid in Q2 2024. The dividend will be paid on June 30, 2025 to stockholders of record as of June 13, 2025. The ex-dividend date is set for June 13, 2025.

Intercontinental Exchange (NYSE: ICE) reported a strong Q1 2025 with record net revenues of $2.5 billion, up 8% year-over-year. The company achieved record operating income of $1.2 billion, increasing 15% y/y, with an operating margin of 49%. Adjusted diluted EPS grew 16% to $1.72, while GAAP diluted EPS increased 4% to $1.38. Key segment performance includes: - Exchanges: Net revenues of $1.4 billion with 74% operating margin - Fixed Income and Data Services: Revenues of $596 million with 39% operating margin - Mortgage Technology: Revenues of $510 million ICE returned $519 million to stockholders in Q1, including $241 million in share repurchases and $278 million in dividends. The company maintained strong cash flow with operating cash flow of $966 million and adjusted free cash flow of $833 million.

United Wholesale Mortgage (UWM) has partnered with ICE Mortgage Technology in a long-term agreement to use their MSP® loan servicing system. As the nation's largest mortgage lender, UWM aims to bring its servicing operations in-house using ICE's comprehensive solution.

The partnership will enable UWM to enhance homeowner experience and generate more business for its mortgage broker network through improved recapture and referral opportunities. UWM will implement several ICE solutions, including:

• ICE Servicing Digital™ - A homeowner portal for retention
• ICE Loss Mitigation - For assisting homeowners facing hardship
• ICE Customer Service - For timely homeowner support
• ICE Automated Lien Release - For streamlined processes

This strategic move is expected to deliver cost savings for UWM while strengthening broker-borrower relationships. ICE's platform offers an end-to-end mortgage technology ecosystem that aims to lower costs and maximize operational efficiency across the loan lifecycle.

ICE's March 2025 First Look report reveals mixed mortgage performance trends. The national delinquency rate decreased seasonally by 32 basis points to 3.21%, slightly up 1 bp year-over-year. Serious delinquencies improved seasonally but showed a 14% YoY increase, driven by FHA delinquencies. Natural disasters contributed to delinquency increases in several states, with Florida (+44 bps), South Carolina (+17 bps), Georgia (+14 bps), and California (+10 bps) being notably affected.

Monthly prepayment activity reached 0.59%, marking a 30.4% increase from February and the highest level since November. The foreclosure inventory rate stood at 0.39%, with 33,000 foreclosure starts and 6,100 foreclosure sales. Total properties 30+ days past due but not in foreclosure reached 1.74 million, while those 90+ days past due totaled 495,000.

Forge Global Holdings (NYSE: FRGE) has partnered with Intercontinental Exchange (NYSE: ICE) to distribute Forge Price™, a proprietary pricing dataset for private company equity. The dataset provides indicative price performance for approximately 200 venture-backed, pre-IPO companies, calculated using various inputs including funding round information, deal history, secondary market transactions, and platform interest indicators.

Through ICE's distribution channels, institutional investors can utilize Forge Price™ for private share trading price discovery, position marking, back-test analysis, asset allocation decisions, and risk exposure management. The tool also enables financial product innovation, including index and thematic basket creation, potentially facilitating ETF-like exposure to private markets.

Intercontinental Exchange (NYSE: ICE) has announced the launch of a new Request-for-Quote (RFQ) protocol for Mortgage-Backed Securities (MBS) trading on its ICE TMC platform. The enhancement complements the existing MBS Click-to-Trade marketplace, offering wealth management and retail brokerage clients increased flexibility and efficiency in an anonymous trading pool.

The new RFQ functionality represents a significant step in the electronification of traditionally voice and message-driven markets, improving price discovery and execution strategies. ICE Bonds plans to integrate ICE Mortgage Technology (IMT) pricing and analytics later this year, combining MBS execution capabilities with comprehensive real estate solutions including loan manufacturing, servicing, and settlement.

ICE TMC operates as a leading anonymous all-to-all alternative trading system (ATS) for various fixed-income securities, including municipal, corporate, agency, and government bonds, as well as mortgage-backed securities and Certificates of Deposit.

ICE's April 2025 Mortgage Monitor Report reveals a significant cooling in home prices at the start of the spring buying season. The enhanced ICE Home Price Index (HPI) shows annual home price growth decelerating to 2.2% in March, with 90% of U.S. markets experiencing slower growth compared to three months prior.

Most notably, condo prices decreased annually for the first time in over a decade, with Florida markets experiencing the sharpest declines: North Port (-9.4%), Lakeland (-7%), Tampa (-5.8%), Orlando (-4.4%), Jacksonville (-4.4%), and Miami (-2.8%). The cooling trend is attributed to:

• 27% increase in inventory levels year-over-year
• Stabilized mortgage rates between 6.6%-6.7%
• Surge in multifamily completions nationwide

Florida's market faces unique challenges including back-to-back hurricanes, rising property insurance costs, insurability issues, slowing migration, and new construction impacts. Similar condo price pressures are observed in other markets like Little Rock (-6%), Austin (-5.6%), and Denver (-3.9%).