Every 10-Q that Intercontinental Exchange Inc. (ICE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ICE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ICE filings page.
Intercontinental Exchange, Inc. reported total revenues of $7,277 million for the six months ended June 30, 2026, compared with $6,491 million in 2025. Net income attributable to the company was $2,371 million versus $1,648 million, and diluted EPS was $4.18 versus $2.86. Second‑quarter revenues were $3,611 million with net income attributable to ICE of $958 million.
The Exchanges segment generated $4,879 million of six‑month revenue, Fixed Income and Data Services $1,302 million, and Mortgage Technology $1,096 million. Total assets were $174,247 million, including $114,599 million of cash margin deposits and guaranty funds and $2,953 million of equity and equity‑method investments, such as Polymarket and OKX. Total debt was $19,846 million, with a $3.9 billion revolving credit facility undrawn. ICE repurchased 7.9 million shares for $1.2 billion and paid $591 million in dividends. After period‑end, ICE agreed to acquire MarketAxess Holdings Inc. for approximately $6.0 billion in cash, backed by a $6.2 billion bridge facility, with closing expected in the first half of 2027 subject to approvals.
Intercontinental Exchange, Inc. reported strong results for the quarter ended March 31, 2026. Total revenues rose to $3,666 million from $3,229 million, led by growth in the Exchanges segment and higher data and technology revenues across the business.
After transaction-based expenses, revenue was $2,977 million. Operating income increased to $1,665 million, and other income swung to a $232 million gain, primarily from a $389 million upward revaluation of its Polymarket preferred stake. Net income attributable to ICE nearly doubled to $1,413 million, with diluted EPS of $2.48 versus $1.38 a year earlier.
Operating cash flow was $1,326 million. ICE invested heavily in strategic equity stakes, including additional $600 million in Polymarket and $200 million in OKX, while continuing share repurchases of 3.5 million shares for $551 million and paying $297 million in dividends. Total debt stood at $20,370 million with a 3.7% average cost, supported by ample liquidity and large clearing-related collateral balances.
Intercontinental Exchange (ICE) reported solid year‑to‑date growth while delivering stronger profitability in the quarter. For the nine months ended September 30, 2025, total revenues reached $9,498 million (up from $8,731 million), led by Exchanges $6,118 million, Fixed Income and Data Services $1,811 million, and Mortgage Technology $1,569 million. Operating income rose to $3,692 million and net income attributable to ICE increased to $2,464 million, driving diluted EPS of $4.28 versus $3.57 a year ago.
In Q3 2025, revenues were $3,007 million, with revenues less transaction-based expenses of $2,411 million and diluted EPS of $1.42 (up from $1.14). Segment data show steady subscription and over‑time revenue: Exchanges contributed $1,265 million of revenue less transaction costs, Fixed Income and Data Services $618 million, and Mortgage Technology $528 million. Operating cash flow for the nine months was $3,387 million, supporting dividends and $894 million of share repurchases.
ICE ended the period with cash and equivalents of $850 million, total debt of $19,033 million, and access to a $3.9 billion revolving credit facility (no outstanding borrowings). Shares outstanding were 570,178,585 as of October 27, 2025.
Intercontinental Exchange (ICE) 10-Q – Q2 25 highlights
- Revenue momentum: Q2 revenue rose 12.6% YoY to $3.26 bn; revenue ex-transaction costs +9.8% to $2.54 bn.
- Earnings surge: Net income attributable to ICE climbed 34.6% to $851 m; diluted EPS $1.48 vs $1.10. Six-month EPS $2.86 (+17.7%).
- Segment drivers: Exchanges +16.9% YoY (energy, financial futures strength); Fixed-Income & Data +5.7%; Mortgage Technology +4.9%.
- Margin expansion: Operating margin (on revenue ex-tx) improved ~500 bp to 51% as costs remained flat (+0.4%).
- Cash & leverage: Operating cash flow $2.47 bn (+12% YoY); total debt trimmed to $19.2 bn (-$1.2 bn YTD) while cash & equivalents rose to $1.0 bn.
- Capital returns: $555 m dividends and $498 m buybacks YTD; shares outstanding 572.4 m.
- Balance-sheet strength: Equity up to $28.5 bn; net debt/EBITDA footprint improving.
Management reports no material operational impact from macro headwinds and adopted the new segment disclosure ASU 2023-07. Deferred revenue climbed to $601 m, supporting forward visibility, while goodwill/intangibles remain stable with no impairment indicators.
Bottom line: Solid top-line growth, widening margins and lower leverage frame a constructive Q2, though the company maintains sizable long-term debt and faces rising transaction-related expenses.