Intercontinental Exchange, Inc. (ICE) reported its financial results for the fiscal quarter ended September 30, 2026, announcing record revenues for the third quarter. The company reported consolidated net revenues of $2.8 billion for the period, representing a 15% increase year-over-year. Net income attributable to ICE was $940 million, with GAAP diluted earnings per share (EPS) of $1.67 and adjusted diluted EPS of $2.02, both up 18% compared to the prior year.
Operating income for the quarter was $1.4 billion, with an adjusted operating income of $1.7 billion. The company reported an operating margin of 51% and an adjusted operating margin of 61%. Through September 30, 2026, ICE returned $2.5 billion to stockholders, including $1.6 billion in share repurchases.
The company’s results were driven by its three main segments. The Exchange segment generated $1.5 billion in net revenues with an operating margin of 75%. The Fixed Income and Data Services segment reported $674 million in revenues and a 36% operating margin. The Mortgage Technology segment recorded $549 million in revenues, though it reported a 2% operating margin.
Regarding capital allocation, ICE updated its 2026 guidance. The company expects 2026 Exchange Recurring Revenue to grow by 9% and Fixed Income & Data Services Recurring Revenue to grow by 8%. For the fourth quarter of 2026, the company expects operating expenses to range from $1.317 billion to $1.327 billion on a GAAP basis and $1.082 billion to $1.092 billion on a non-GAAP basis.
In other corporate news, ICE announced that the Department of Justice and the Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 regarding its acquisition of MarketAxess Holdings Inc. Based on this approval, ICE now expects the merger to close in the first quarter of 2027.
