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ICE (ICE) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

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For the quarter ended March 2026, IntercontinentalExchange (ICE - Free Report) reported revenue of $2.98 billion, up 20.4% over the same period last year. EPS came in at $2.35, compared to $1.72 in the year-ago quarter.

The reported revenue represents a surprise of +3.25% over the Zacks Consensus Estimate of $2.88 billion. With the consensus EPS estimate being $2.27, the EPS surprise was +3.7%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how ICE performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Revenues- Exchanges Segment (less transaction-based): $1.78 billion compared to the $1.76 billion average estimate based on four analysts. The reported number represents a change of +30.3% year over year.
  • Revenues- Fixed Income and Data Services Segment: $657 million versus the four-analyst average estimate of $648.23 million. The reported number represents a year-over-year change of +10.2%.
  • Transaction revenues, net- Fixed Income and Data Services Segment: $143 million versus the four-analyst average estimate of $136.3 million.
  • Transaction revenues, net- Exchange: $1.38 billion compared to the $1.29 billion average estimate based on four analysts.
  • Recurring revenues- Fixed Income and Data Services Segment: $514 million versus $505.78 million estimated by four analysts on average.
  • Revenues- Mortgage Technology Segment: $539 million versus the four-analyst average estimate of $533.46 million. The reported number represents a year-over-year change of +5.7%.
  • Revenues- Exchanges Segment- Energy futures and options: $814 million versus $812.72 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +46.1% change.
  • Revenues- Exchanges Segment- Ags and Metals: $81 million versus $81.73 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +26.6% change.
  • Revenues- Exchanges Segment- Financials: $256 million compared to the $246.61 million average estimate based on four analysts. The reported number represents a change of +64.1% year over year.
  • Revenues- Exchanges Segment- Cash equities and equity options: $123 million versus $122.19 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.4% change.
  • Revenues- Exchanges Segment- OTC and other: $102 million compared to the $99.54 million average estimate based on four analysts. The reported number represents a change of -1% year over year.
  • Revenues- Exchanges Segment- Data and connectivity services: $277 million versus the four-analyst average estimate of $268.75 million. The reported number represents a year-over-year change of +12.6%.

View all Key Company Metrics for ICE here>>>

Shares of ICE have returned -1.2% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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