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What's in Store for Intercontinental Exchange This Earnings Season?
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Key Takeaways
ICE's Exchange revenues are supported by trading volumes, new listings and customer growth.
Fixed Income and Data Services and Mortgage Technology could gain from clearing activity & client expansions.
Q3 ADV rose 31%, while higher technology investments and compensation costs are expected to lift expenses.
Intercontinental Exchange Inc. (ICE - Free Report) is expected to register an improvement in both top and bottom lines when it reports third-quarter 2026 results on Oct. 29, before market open.
The Zacks Consensus Estimate for ICE’s third-quarter revenues is pegged at $2.73 billion, indicating 13.2% growth from the year-ago reported figure.
The consensus estimate for earnings is pegged at $1.97 per share. The Zacks Consensus Estimate for ICE’s third-quarter earnings has moved up 3.7% in the past 30 days. The estimate suggests a year-over-year increase of 15.2%.
What the Zacks Model Unveils for ICE
Our proven model does not conclusively predict an earnings beat for Intercontinental Exchange this time around. This is because a stock needs to have the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). This is not the case, as you can see below.
Earnings ESP: Intercontinental Exchange has an Earnings ESP of -0.02%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Intercontinental Exchange Inc. Price and EPS Surprise
Zacks Rank: ICE carries a Zacks Rank #2 at present.
Factors Likely to Shape Q3 Results of ICE
ICE’s third-quarter results are likely to benefit from continued strength and consistency of business model, with growth across all three of its operating segments and strong free cash flow generation.
Fixed Income and Data Services revenues are likely to have gained from strength in fixed income data and analytics products and the data and network technology portfolio, and the CDS clearing business. Higher clearing volumes driven by elevated market volatility from geopolitical events, growth in the pricing and reference data business and strength in index business, growth in ICE Global Network offering, coupled with strength in consolidated feeds, desktop and derivative analytics revenues are expected to have supported the segment's performance. The Zacks Consensus Estimate for Fixed Income and Data Services revenues is pegged at $661 million.
Higher trading volumes in interest rate, energy and commodity futures and options markets, along with strong customer retention, new customer additions and increased spending by existing customers, new listings, higher net interest income and fees on collateral balances, are expected to have driven the Exchange segment. The Zacks Consensus Estimate for the Exchange segment revenues is pinned at $1.5 billion.
The Mortgage Technology segment is expected to benefit from higher origination volumes, revenue contributions from new client implementations and renewal expansions with existing customers that drove broader product adoption. Origination volume, renewal expansions of existing customers, MSP new client implementations, contractual price increases, renewal expansions and default management revenues, continued adoption of data solutions and increased purchases by existing customers are expected to have supported the segment's performance. The Zacks Consensus Estimate for the segment’s revenues is pegged at $551 million.
Expenses are likely to have increased owing to higher compensation and benefits, professional expenses, acquisition-related transaction costs, and technology and communication costs. Continued investments in AI capabilities, technology infrastructure and innovation initiatives are also expected to have elevated operating costs during the to-be-reported quarter.
For the third quarter of 2026, adjusted operating expenses are expected to be in the range of $1.063 billion to $1.073 billion.
ICE reported a 31% increase in third-quarter average daily volume (ADV). Total Agriculture & Metals ADV improved 57% year over year, while total Financials ADV increased 45% in the second quarter. Total Equity Indices ADV increased 12% year over year.
Stocks to Consider
Here are some finance stocks you may want to consider, as our model shows that these, too, have the right combination of elements to post an earnings beat.
HCI’s earnings beat estimates in each of the last four reported quarters.
The Allstate Corporation (ALL - Free Report) has an Earnings ESP of +5.25% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for third-quarter 2026 earnings is pegged at $7.03, indicating a year-over-year decrease of 37.1%.
ALL’s earnings beat estimates in each of the last four reported quarters.
Cboe Global Markets, Inc. (CBOE - Free Report) has an Earnings ESP of +0.35% and sports a Zacks Rank of 3 at present. The Zacks Consensus Estimate for third-quarter 2026 earnings is pegged at $3.42 per share, implying an increase of 28.1% from the year-ago reported figure.
CBOE’s earnings beat estimates in each of the last four reported quarters.
View the Zacks #1 Rank List
Image: Bigstock
What's in Store for Intercontinental Exchange This Earnings Season?
Key Takeaways
Intercontinental Exchange Inc. (ICE - Free Report) is expected to register an improvement in both top and bottom lines when it reports third-quarter 2026 results on Oct. 29, before market open.
The Zacks Consensus Estimate for ICE’s third-quarter revenues is pegged at $2.73 billion, indicating 13.2% growth from the year-ago reported figure.
The consensus estimate for earnings is pegged at $1.97 per share. The Zacks Consensus Estimate for ICE’s third-quarter earnings has moved up 3.7% in the past 30 days. The estimate suggests a year-over-year increase of 15.2%.
What the Zacks Model Unveils for ICE
Our proven model does not conclusively predict an earnings beat for Intercontinental Exchange this time around. This is because a stock needs to have the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). This is not the case, as you can see below.
Earnings ESP: Intercontinental Exchange has an Earnings ESP of -0.02%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Intercontinental Exchange Inc. Price and EPS Surprise
Intercontinental Exchange Inc. price-eps-surprise | Intercontinental Exchange Inc. Quote
Zacks Rank: ICE carries a Zacks Rank #2 at present.
Factors Likely to Shape Q3 Results of ICE
ICE’s third-quarter results are likely to benefit from continued strength and consistency of business model, with growth across all three of its operating segments and strong free cash flow generation.
Fixed Income and Data Services revenues are likely to have gained from strength in fixed income data and analytics products and the data and network technology portfolio, and the CDS clearing business. Higher clearing volumes driven by elevated market volatility from geopolitical events, growth in the pricing and reference data business and strength in index business, growth in ICE Global Network offering, coupled with strength in consolidated feeds, desktop and derivative analytics revenues are expected to have supported the segment's performance. The Zacks Consensus Estimate for Fixed Income and Data Services revenues is pegged at $661 million.
Higher trading volumes in interest rate, energy and commodity futures and options markets, along with strong customer retention, new customer additions and increased spending by existing customers, new listings, higher net interest income and fees on collateral balances, are expected to have driven the Exchange segment. The Zacks Consensus Estimate for the Exchange segment revenues is pinned at $1.5 billion.
The Mortgage Technology segment is expected to benefit from higher origination volumes, revenue contributions from new client implementations and renewal expansions with existing customers that drove broader product adoption. Origination volume, renewal expansions of existing customers, MSP new client implementations, contractual price increases, renewal expansions and default management revenues, continued adoption of data solutions and increased purchases by existing customers are expected to have supported the segment's performance. The Zacks Consensus Estimate for the segment’s revenues is pegged at $551 million.
Expenses are likely to have increased owing to higher compensation and benefits, professional expenses, acquisition-related transaction costs, and technology and communication costs. Continued investments in AI capabilities, technology infrastructure and innovation initiatives are also expected to have elevated operating costs during the to-be-reported quarter.
For the third quarter of 2026, adjusted operating expenses are expected to be in the range of $1.063 billion to $1.073 billion.
ICE reported a 31% increase in third-quarter average daily volume (ADV). Total Agriculture & Metals ADV improved 57% year over year, while total Financials ADV increased 45% in the second quarter. Total Equity Indices ADV increased 12% year over year.
Stocks to Consider
Here are some finance stocks you may want to consider, as our model shows that these, too, have the right combination of elements to post an earnings beat.
HCI Group, Inc. (HCI - Free Report) has an Earnings ESP of +4.10% and a Zacks Rank #2 at present. The Zacks Consensus Estimate for third-quarter 2026 earnings is pegged at $5.01, indicating a year-over-year increase of 2.2%. You can see the complete list of today’s Zacks #1 Rank stocks here.
HCI’s earnings beat estimates in each of the last four reported quarters.
The Allstate Corporation (ALL - Free Report) has an Earnings ESP of +5.25% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for third-quarter 2026 earnings is pegged at $7.03, indicating a year-over-year decrease of 37.1%.
ALL’s earnings beat estimates in each of the last four reported quarters.
Cboe Global Markets, Inc. (CBOE - Free Report) has an Earnings ESP of +0.35% and sports a Zacks Rank of 3 at present. The Zacks Consensus Estimate for third-quarter 2026 earnings is pegged at $3.42 per share, implying an increase of 28.1% from the year-ago reported figure.
CBOE’s earnings beat estimates in each of the last four reported quarters.