$ICE · Intercontinental Exchange, Inc.
Intercontinental Exchange filed its Q3 2026 10-Q, reporting total revenues of $3.63B (+20.7% YoY), GAAP diluted EPS of $1.67, and adjusted EPS of $2.02. Net income attributable to ICE was $940M, up from $816M in Q3 2025. The Exchanges segment drove the outperformance with $2.41B in revenue versus $1.86B a year ago. Nine-month operating income reached $4.47B on total revenues of $10.91B.
- Q3 revenue $3.63B, +20.7% YoY, driven by Exchanges segment at $2.41B vs $1.86B
- Q3 GAAP diluted EPS $1.67 vs $1.42; adjusted EPS $2.02 per XBRL
- Q3 net income attributable to ICE $940M vs $816M, +15.2% YoY
- Nine-month operating income $4.47B vs $3.69B; operating margin 38.8% per XBRL
- Nine-month share repurchases $1.6B; $3.6B remaining authorization as of September 30, 2026
Extended-hours last trade $161.30, +3.42% vs regular close of $155.96, indicating positive initial reaction to the Q3 beat and 20.7% revenue growth.
ICE delivered its strongest quarterly revenue growth in recent memory at +20.7%, with all three segments expanding and $1.6B deployed in buybacks year-to-date.
ICE's 20.7% revenue growth and 38.8% operating margin reinforce its position as the highest-growth large-cap exchange operator, outpacing peers CME and NDAQ on top-line expansion while maintaining strong profitability.
No significant new risk factors disclosed beyond those in the 2025 10-K. Total assets ballooned to $177B from $137B at year-end, driven by margin deposits and guaranty funds, increasing balance-sheet complexity.