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Here's What Key Metrics Tell Us About ICE (ICE) Q2 Earnings

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For the quarter ended June 2026, IntercontinentalExchange (ICE - Free Report) reported revenue of $2.67 billion, up 4.8% over the same period last year. EPS came in at $1.90, compared to $1.81 in the year-ago quarter.

The reported revenue represents a surprise of +1.51% over the Zacks Consensus Estimate of $2.63 billion. With the consensus EPS estimate being $1.84, the EPS surprise was +3.26%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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): $1.46 billion versus the four-analyst average estimate of $1.45 billion. The reported number represents a year-over-year change of +33.5%.
  • Revenues- Fixed Income and Data Services Segment: $645 million versus $850.12 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +8% change.
  • Transaction revenues, net- Exchange: $1.05 billion compared to the $1.04 billion average estimate based on four analysts.
  • Recurring revenues- Exchange: $416 million compared to the $404.53 million average estimate based on four analysts.
  • Revenues- Mortgage Technology Segment- Servicing software: $226 million versus $220.39 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2.7% change.
  • Revenues- Mortgage Technology Segment- Data and analytics: $69 million versus the four-analyst average estimate of $73.43 million. The reported number represents a year-over-year change of +4.6%.
  • Revenues- Mortgage Technology Segment- Closing solutions: $65 million compared to the $58.48 million average estimate based on four analysts. The reported number represents a change of +12.1% year over year.
  • Revenues- Mortgage Technology Segment: $557 million versus the four-analyst average estimate of $545.6 million. The reported number represents a year-over-year change of +4.9%.
  • Revenues- Exchanges Segment- Energy futures and options: $518 million versus the four-analyst average estimate of $532.93 million. The reported number represents a year-over-year change of -12.9%.
  • Revenues- Exchanges Segment- Ags and Metals: $87 million compared to the $86.39 million average estimate based on four analysts. The reported number represents a change of +33.9% year over year.
  • Revenues- Exchanges Segment- Financials: $192 million versus $193.37 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +21.5% change.
  • Revenues- Exchanges Segment- Cash equities and equity options: $140 million versus the four-analyst average estimate of $128.6 million. The reported number represents a year-over-year change of +13.8%.

View all Key Company Metrics for ICE here>>>

Shares of ICE have returned +21.7% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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